Daily Market Overview: GBP/USD

Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 1.5848
Daily minimum: 1.5736

After encountering a formidable resistance zone at 1.5823/32 the Cable has sold off to 1.5755 where it may stall for some time. Nonetheless, the bias is bearish, since the price is trading within a descending channel.

Daily Resistance: 1.5866; 1.5922; 1.5960. 
Daily Support: 1.5773; 1.5735; 1.5680. 
Daily Bias: Bearish.

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Fri, 10 Feb 2012 16:26:48 GMT

Daily Market Overview: USD/JPY

USD/JPY has been very calm today, without any extensive deviations. In the nearest future the currency couple is not anticipated to drop below a support area at 77.60/50, but to continue slowly crawling higher.

Fri, 10 Feb 2012 16:26:38 GMT

Daily Market Overview: EUR/JPY

Along with EUR/USD, EUR/JPY has tumbled as well, down through 102.78. The price is now contained within a narrow range between 102.56 (55 day ma) and 102.27. In the short-term we expect the currency pair to return to prior level at 103.05 and higher.

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