Daily Market Overview: GBP/USD

Note: This section contains information in English only.
Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 1.5806
Daily minimum: 1.5693

The Cable has failed to overcome a resistance level located at 1.5850 and is now slowly inching lower, down to 1.5793, while a key support may be found at 1.5713/1.5683, being a confluence of 55, 100 and 200 moving averages, apart from a downtrend and a pivot point.

Daily Resistance: 1.5850; 1.5954.
Daily Support: 1.5793; 1.5747; 1.5713/1.5683.
Daily Bias: Neutral.

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Fri, 16 Mar 2012 19:41:06 GMT

Daily Market Overview: USD/JPY

USD/JPY is currently eroding a cluster of supports at 83.43, which is now becoming a resistance. This dip should be contained by another support at 82.63, where the pair should veer.

Fri, 16 Mar 2012 19:40:56 GMT

Daily Market Overview: EUR/JPY

EUR/JPY has now stalled at 109.84, which is likely to be a short-term consolidation before the price recommences its rally towards 110.17, en route to 110.44.

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