Daily Market Overview: GBP/USD

Source: Dukascopy Bank
© Dukascopy Bank

Daily maximum: 1.5557

Daily minimum: 1.5494

The British pound continued trading in a flat trend today on uncertainty over the UK economy and the prospects of the Eurozone, causing the market mean at 1.5496 to breach.

Daily Resistance: 1.5548; 1.5587; 1.5644. Daily Support: 1.5452; 1.5395; 1.5356. Daily Bias: Strongly bearish.

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Fri, 16 Dec 2011 16:56:14 GMT

Daily Market Overview: USD/JPY

The American dollar inched today as investors were selling yens against USD after the US economy posted 0.2 Core CPI versus expected 0.1%. As a result, the daily target at 77.80 has been crossed.

Fri, 16 Dec 2011 16:56:01 GMT

Daily Market Overview: EUR/JPY

The single European currency is trading within 101.-102 price range on further uncertainty with EZ, though level 101.32 - the daily forecast consensus – was not tested today after the Euro pared intraday losses on the ECB chief statement.

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