Daily Technical Overview: USD/JPY

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

Daily maximum: 77.02

Daily minimum: 76.58

The market mean at 76.98 has been approached as leading economists suggest the global economy will stall next year, making investors purchase the Japanese Yen against its American counterpart.

Investors should be aware of the resistance levels at 77.05/15/31; all support levels have been tested successfully during Friday trading sessions. The daily outlook remains strongly bearish.

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Fri, 18 Nov 2011 17:57:08 GMT

Daily Technical Overview: USD/CHF

The American dollar remains is being favoured against the Swiss Franc by investors worldwide after the world's largest economy leading index showed stronger data than expected, suggesting the US economy is gaining momentum. As a result, the market mean at 0.9207 was breached today.

Fri, 18 Nov 2011 17:57:52 GMT

Daily Technical Overview: EUR/USD

Euro attempted to advance today after the European Central Bank president Mario Draghi assured financial markets that the Central bank will continue doing what it has to do amid the German Producers Price Index released higher than forecast (0.2% versus 0.1%) today. This caused the pair to breach the market mean at 1.3467 and strive to a daily maximum at 1.3613.

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