Technical analysis for November 21, 2007

[FUNKOSHI]

Technical analysis for November 21, 2007

CHF

The pre-planned breakout variant for sales has been realized with attainment of the minimal assumed target. OsMA trend indicator having confirmed priorities by high level of bearish activity gives grounds for theirs preservation for today. Hence, taking into account the oversold factor of the pair, we assume a probability of return to the resistance range 1.1070/90, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For sales on condition of formation of topping signals the targets will be 1.1010/30, 1.0960/80, 1.0900/20. An alternative for buyers will be above 1.1130 with the targets 1.1170/90, 1.1210/30.

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GBP

The earlier opened long positions had the result of overlapping of the basic assumed targets. Same are the pre-planned intraday breakout positions were realized with attainment of the minimal assumed targets. OsMA trend indicator having marked tendency of buyers' activity strengthening supports preservation of buying priorities for today. Hence, according to the bearish character of the indicator chart, we assume a probability of return to supports 2.0600/20, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For buys on condition of formation of topping signals the targets will be 2.0680/2.0700, 2.0720/40 and/or further breakout variant up to 2.0780/2.0800, 2.0840/60. An alternative for sales will be below 2.0560 with the targets 2.0500/20, 2.0460/80, 2.0400/20.

[IMG]http://www.forexltd.co.uk/ta/eng/_m_/36460/_p_/image_GBP[/IMG]

JPY

The pre-planned breakout variant for sales has been realized and attainment of the assumed targets is "supported" by active bearish position of the indicator chart with signs of further strengthening. So, as earlier, the targets for opened sales will be 108.40/60, 107.80/108.00, with further possible breakout up to 107.20/40, 106.60/80. An alternative for buyers will be above 110.00 with the targets 110.40/60, 111.00/20.

[IMG]http://www.forexltd.co.uk/ta/eng/_m_/36460/_p_/image_JPY[/IMG]

EUR

The pre-planned breakout variant for buyers has been realized with overlapping of the minimal assumed target. OsMA trend indicator having marked substantial growth of buying activity leaves no alternatives in relation to the corresponding choice of priorities for today. Hence, according to the descending direction of the indicator chart, we assume a probability of return to supports 1.4780/1.4800, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For buys on condition of formation of topping signals the targets will be 1.4860/80, 1.4900/20 and/or further breakout variant up to 1.4960/80, 1.500/20, 1.5040/60. An alternative for sales will be below 1.4720 with the targets 1.4650/70, 1.4600/20.

[IMG]http://www.forexltd.co.uk/ta/eng/_m_/36460/_p_/image_EUR[/IMG]
With respect,<br>
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