Tuesday November 18, 2008

EUR-USD Market should hold major support at 1.2499 before rising towards 1.2757 or even 1.2864 limit.
GBP-USD It should trade higher to 1.5162 while 1.4910 or 1.4823 offers support. Stop loss below 1.4736 zone.
USD-JPY It is likely to fall towards 95.72 as its corrective rally could falter in 96.99 - 96.63 area. Stop above 97.34 zone.
USD-CHF Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2029 or 1.2079 if support around 1.1961 hold. After which a pullback to 1.1961 - 1