Daily Market Overview: EUR/JPY

Note: This section contains information in English only.
Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 109.36
Daily minimum: 108.37

The currency pair has bounced off a confluence of resistances at 109.20/25 and is likely to slide down for the rest of tha day. However, a support area at 108.47/27 (55 and 100 hour ma) should contain dips.

Daily Resistance: 109.20/25; 109.69.
Daily Support: 108.86; 108.67; 108.42/27.
Daily Bias: Bullish.

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Wed, 14 Mar 2012 18:47:43 GMT

Daily Market Overview: GBP/USD

The Cable has confirmed a resistance at 1.5727 and should now move to a downtrend line at 1.5563/57, which, in turn, should halt bearish momentum.

Wed, 14 Mar 2012 17:55:43 GMT

Daily Market Overview: EUR/USD

EUR/USD continues to trade below an accelerated downtrend and is forming a falling wedge on a 1-hour chart. In the nearest future it is expected to bounce off a support at 1.3033/23 and advance towards 1.3107/32.

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