Tuesday November 11, 2008

EUR-USD
There are initial signs of a good corrective recovery towards 1.2838 or even 1.2877. Supports at 1.2734 and 1.2669 zone.

GBP-USD
It is a triangle configuration. Market should break either side. Acceleration should occur above 1.5884 or under 1.5574 limits.

USD-JPY
It looks more likely that it would rise to above 98.74 or 99.11 from 97.8 or 97.24. After which a downside move to below 96.49 is expected.