Daily Market Overview: GBP/USD

Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 1.5884
Daily minimum: 1.5791

The Cable did not manage to gain a foothold above 1.5854 and is now headed toward today's open price at 1.5803, which is also a 200 day ma. Although at first GBP/USD will encounter a support at 1.5828 (100 day ma).

Daily Resistance: 1.5892; 1.5977; 1.6026. 
Daily Support: 1.5759; 1.5709; 1.5625. 
Daily Bias: Neutral.

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Thu, 09 Feb 2012 17:54:49 GMT

Daily Market Overview: USD/JPY

Even though USD/JPY was directionless in the morning, bullish momentum started to strengthen in the afternoon. The pair is now facing a formidable resistance area - 77.38/46. A daily close above it would pave a way to higher levels, such as 77.74 and 78.22.

Thu, 09 Feb 2012 17:54:35 GMT

Daily Market Overview: EUR/JPY

EUR/JPY has already gained 78 pips and is still advancing. After overcoming an initial resistance at 102.85 the pair is likely to target 103.26 next. Supports are located at 102.47 and 102.06/01.

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