Friday, November 28, 2008

EUR/USD intraday: supported by a rising trend line

Pivot: 1.287
Our preference: Long positions above 1.287 with targets @ 1.2965 & 1.3025 in extension.
Alternative scenario: Below 1.287 look for further downside with 1.2825 & 1.276 as targets.
Comments: The pair is supported by an intraday rising trend line.


USD/JPY intraday: rebound in sight.
Pivot: 95
Our preference: Long positions above 95 with targets @ 95.95 & 96.35 in extension.
Alternative scenario: Below 95 look for further downside with 94.5 & 93.9 as targets.
Comment: the RSI is supported by a rising trend line.


GBP/USD intraday: further advance.
Pivot: 1.54
Our preference: Long positions above 1.54 with targets @ 1.55 & 1.564 in extension.
Alternative scenario: Below 1.54 look for further downside with 1.535 & 1.531 as targets.
Comment: the RSI is well directed.

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