Market Expectations: GBP/USD

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

Daily maximum: 1.5815
Daily minimum: 1.5745

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 stance is bearish.

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Wed, 16 Nov 2011 16:40:42 GMT

Market Expectations: USD/JPY

The market mean at 77.11 has been touched in early Wednesday trading, though the pair commenced moving south as concerns over the EU debt crisis intensified. None of the support (76.82/57;75.99) and resistance (77.41/74; 78.32) levels has been hit. The daily outlook remains bearish.

Wed, 16 Nov 2011 16:40:14 GMT

Market Expectations: EUR/JPY

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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