Daily Market Overview: GBP/USD

Source: Dukascopy Bank
© Dukascopy Bank

Daily maximum: 1.5707

Daily minimum: 1.5664

The British pound slightly slumped on less than expected Mortgage Approvals; this indication of a weak property market caused the price to cross the daily forecast mean 1.5682.


Daily Resistance: 1.5720; 1.5764; 1.5799. 
Daily Support: 1.5641; 1.5606; 1.5562.
Daily Bias: Bullish.
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Fri, 23 Dec 2011 16:39:56 GMT

Daily Market Overview: USD/JPY

The American dollar traded above the 78.00 level as investors remain confident the US economy is on the right of recovery, therefore the daily forecast mean at 78.13 has been approached.

Fri, 23 Dec 2011 16:39:46 GMT

Daily Market Overview: EUR/JPY

The common European currency inched lower today on announcement the ECB might launch QE if the inflation risk occurs. The daily mean target at 101.99 has been pierced.

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