Daily Market Overview: USD/JPY

Source: Dukascopy
© Dukascopy

Daily maximum: 77.73

Daily minimum: 77.18

The Japanese Yen depreciated against the American Dollar as at the moment investors are in favour of USD as a safe-haven currency, leaving the market mean behind at 77.14. All three resistance levels (77.30/42/68) have been breached while none of the support (77.03; 76.88/62) lines remained intact today. The daily outlook stays neutral for the rest of the trading day.

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Fri, 25 Nov 2011 16:19:05 GMT

Daily Market Overview: USD/CHF

The pair pursued its latest rally as investors continued buying the US treasuries as the European debt crisis is getting worse. Forex traders should be aware of resistance 3 at 0.9316 and support levels at 0.9167, 0.9129 and 0.9067 respectively. The daily market bias is strongly bullish.

Fri, 25 Nov 2011 16:18:52 GMT

Daily Marker Overview: GBP/USD

The British Pound moved lower today as the European economic conditions deteriorated, spooking confidence among investors the debt problems will be solved any time soon. Hence, the market mean at 1.5507 has been breached. None of the resistance (1.5537/99; 1.5695) levels has been tested so far, though investors might be aiming at support 2 (1.5407) and 3 (1.5312) as the daily outlook remains strongly bearish.

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