Daily Market Overview: EUR/JPY

Note: This section contains information in English only.
Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 110.46
Daily minimum: 108.64

The pair tested 110.42/09 at the beginning of the day, but breached a support at 110.10 and followed expected bearish path, violating supports at 109.42 and 108.87. EUR/JPY is expected to prolong its downward trend, but at a slower pace.

Daily Resistance: 110.97; 110.42; 109.60/65.
Daily Support: 109.41; 108.87/61; 107.87.
Daily Bias: Bearish.

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Thu, 22 Mar 2012 19:40:09 GMT

Daily Market Overview: GBP/USD

Regardless of bullish bias suggested by majority of indicators, GBP/USD has managed to pierce through supports at 1.5870 and 1.5818. However, the pair bounced off at 1.5769 and is currently trading within a narrow range - between 1.5802 and 1.5783.

Thu, 22 Mar 2012 19:44:22 GMT

Daily Market Review: EUR/USD

After breaking the resistance level at 1.3227, the pair retreated and sharply plunged. Despite predicted bullish tendency, EUR/USD broke a support at 1.3169 and may reach next support level at 1.3121, though the pair currently is struggling at 1.32150/31.

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