Daily Market Overview: EUR/JPY

Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 102.98
Daily minimum: 102.43

The common European currency inched lower today, crossing the daily target at 102.98 as investors favour buying Japanese yens on EU debt concerns.

Daily Resistance: 103.53; 104.34; 104.79. 
Daily Support: 102.27; 101.82; 101.01. 
Daily Bias: Strongly bearish.
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Tue, 13 Dec 2011 17:45:11 GMT

Daily Market Overview: GBP/USD

The British pound rebounded today after the Retail Price Index rose more than expected, inspiring optimism among investors and causing the market daily target at 1.5589 to breach.

Tue, 13 Dec 2011 17:44:43 GMT

Daily Market Overview: EUR/USD

The pair committed a correction after the German ZEW Economic Sentiment declined less than expected, reaching -53.8 versus estimated -56.1 while Spain sold more debt than it had planned. The forecast mean has been touched.

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