Daily Market Overview: GBP/USD

Source: Dukascopy Bank
© Dukascopy Bank

Daily maximum: 1.5529

Daily minimum: 1.5434

The British pound pared earlier weekly losses on hopes European economic recovery is keeping pace. As a result, the daily market participants' target at 1.5467 has been successfully tested.

Daily Resistance: 1.5527; 1.5591; 1.5650. 

Daily Support: 1.5404; 1.53445; 1.5281. 
Daily Bias: Neutral.
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Thu, 15 Dec 2011 16:01:10 GMT

Daily Market Overview: USD/JPY

The market participants' mean at 78.04 has been broken through as more investors purchased the American dollar versus Japanese yen on less-than-forecast unemployment claims in the US (366K versus an estimate of 389K).

Thu, 15 Dec 2011 16:00:51 GMT

Daily Market Overview: EUR/JPY

The pair mildly recovered after the publication of strong macroeconomic EU data, showing investors still hope the economic recovery in Europe is not losing steam; therefore the daily forecast consensus at 101.39 has been pierced.

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