Daily Market Overview: EUR/JPY

Note: This section contains information in English only.
Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 103.22
Daily minimum: 102.20

Along with EUR/USD, EUR/JPY has tumbled as well, down through 102.78. The price is now contained within a narrow range between 102.56 (55 day ma) and 102.27. In the short-term we expect the currency pair to return to prior level at 103.05 and higher.

Daily Resistance: 103.59; 104.09; 104.91. 
Daily Support: 102.27; 101.46; 100.96. 
Daily Bias: Bullish.

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Fri, 10 Feb 2012 16:26:43 GMT

Daily Market Overview: GBP/USD

After encountering a formidable resistance zone at 1.5823/32 the Cable has sold off to 1.5755 where it may stall for some time. Nonetheless, the bias is bearish, since the price is trading within a descending channel.

Fri, 10 Feb 2012 16:26:30 GMT

Daily Market Overview: EUR/USD

EUR/USD has effortlessly pierced through a support at 1.3227/22 (100 day ma) while falling. However, 1.3179/75 did succeed in halting the pair. Therefore we are likely to see a rebound from the latter level until the end of the day.

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