Daily Market Overview: GBP/USD

Note: This section contains information in English only.
Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 1.5892
Daily minimum: 1.5770

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.

Daily Resistance: 1.5925; 1.5870/74; 1.5814.
Daily Support: 1.5818/14; 1.5764; 1.5711.
Daily Bias: Bullish.

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Thu, 22 Mar 2012 20:08:01 GMT

Daily Market Overview: USD/JPY

The pair eroded a support at 83.27 (200 hour SMA) and tumbled to a subsequent level - 82.85, which was unable to halt bearish momentum for long. After overcoming the latter level, USD/JPY fell further and is likely to extend its current dip to 82.50.

Thu, 22 Mar 2012 19:44:35 GMT

Daily Market Overview: EUR/JPY

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.

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