Daily Market Overview: GBP/USD

Note: This section contains information in English only.
Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 1.5743
Daily minimum: 1.5648

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.

Daily Resistance: 1.5704; 1.5727; 1.5750/60.
Daily Support: 1.5667; 1.5633; 1.5563/57.
Daily Bias: Strongly bearish.

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Wed, 14 Mar 2012 18:47:48 GMT

Daily Market Overview: USD/JPY

USD/JPY's strong bullish momentum shows no signs of weakening, implying further apreciation of the US Dollar relative to the Japanese Yen, even though the pair is now facing a tough resistance at 83.95.

Wed, 14 Mar 2012 18:47:37 GMT

Daily Market Overview: EUR/JPY

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.

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