Daily Market Overview: GBP/USD

Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 1.5734
Daily minimum: 1.5586

The British pound continued its bearish trend after the m/m Production Price Index was released at 0.1% - less than expected, pointing at a slowing pace of the UK economic recovery. The daily target at 1.5656 has been hit.

Daily Resistance: 1.5727; 1.5829; 1.5887. 
Daily Support: 1.5567; 1.5509; 1.5407. 
Daily Bias: Neutral.
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Fri, 09 Dec 2011 17:34:20 GMT

Daily Market Overview: USD/JPY

The American dollar moved higher today against the yen, leaving the forecast mean at 77.55 intact, after the preliminary Consumer Sentiment has been released at 67.7, more than expected, indicating the US economic recovery is getting stronger.

Fri, 09 Dec 2011 17:33:46 GMT

Daily Market Overview: EUR/JPY

The shared European currency jumped today, breaching the market participants' consensus target at 103.60 on hopes that the latest EU measures will resolve the debt crisis.

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