Wednesday November 26, 2008

EUR-USD Currently uptrend should end around 1.3218 - 1.3161 area. A correction down to below 1.2885 is expected. A rise above 1.3259 will abort the expected correction.
GBP-USD Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5641 or 1.5879 if support around 1.533 hold. After which a pullback to 1.5330 - 1.5229 zone is possible.
USD-JPY There is bearish potential for a fall to 94.31 while 95.87 - 96.34 resist. After this fall a recovery up to 96.34 or 96.80 is expected.
USD-CHF Market should not go lower than 1.1736. After this move down it should go up to 1.1835 - 1.1910 area.