Daily Market Overview: EUR/JPY

Note: This section contains information in English only.
Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 110.82
Daily minimum: 110.27

EUR/JPY has been trading flat today as it has been struggling with a resistance at 110.85. Being that the long-term outlook remains bullish, this level should be breached after the pair pulls back to and then rebounds from 110.01.

Daily Resistance: 110.85; 110.98; 111.40.
Daily Support: 110.04/01; 109.77/65; 109.46.
Daily Bias: Strongly bullish.

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Tue, 20 Mar 2012 19:44:09 GMT

Daily Market Overview: GBP/USD

Cable's bullish momentum has temporarily weakened, allowing for a dip down to 1.5780/74. Nonetheless, the pair should be able to regain strength at the latter level and recommence advancing towards 1.5949/66.

Tue, 20 Mar 2012 19:43:59 GMT

Daily Market Overview: EUR/USD

Despite the majority of indicators being bullish, EUR/USD has sold off to a confluence of supports at 1.3169/58, where it has managed to regain its upside momentum and commence rallying. The pair is thus expected to attain 1.3276/82 in the near-term and consolidate there.

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