Market Expectations: EUR/JPY

Note: This section contains information in English only.
Source: Dukascopy

Daily maximum: 104.31
Daily minimum: 103.41

The single European currency continued moving downwards as investors remain concern over recent negative economic developments in Europe, causing EUR/JPY to cross the market mean at 104.50. Resistance (105.11; 106.12; 107.71) levels were not tested today, while a cross of support 1 at 103.52 exposes two remaining support lines at 102.96 and 101.37. The daily market stance remains strongly bearish.

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Wed, 16 Nov 2011 16:40:26 GMT

Market Expectations: GBP/USD

The British pound moved lower today as worries over the European Union economic stability intensified; in addition to that, the British economy posted the unemployment rate at 8.3% which is more-than-forecast. Resistance (1.5889; 1.5977; 1.6111) lines remained intact today, whereas a breach of support 1 at 1.5756 exposes the last two support lines at 1.5710 and 1.5576. Meanwhile, the daily market

Wed, 16 Nov 2011 16:40:03 GMT

Market Expectations: EUR/USD

The Euro pursued moving in the bearish trend as the European debt crisis worsens, sending the pair lower, breaching the market mean at 1.3551. While none of the resistance (1.3597; 1.3691; 1.3835) lines has been touched, after support 1 at 1.3453 was left behind, bearish investors might expect the pair move lower towards 1.3402 and 1.3258 respectively. The daily trading outlook

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