Daily Marker Overview: GBP/USD

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

Daily maximum: 1.5517

Daily minimum: 1.5424

The British Pound moved lower today as the European economic conditions deteriorated, spooking confidence among investors the debt problems will be solved any time soon. Hence, the market mean at 1.5507 has been breached. None of the resistance (1.5537/99; 1.5695) levels has been tested so far, though investors might be aiming at support 2 (1.5407) and 3 (1.5312) as the daily outlook remains strongly bearish.

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Fri, 25 Nov 2011 16:18:59 GMT

Daily Market Overview: USD/JPY

The Japanese Yen depreciated against the American Dollar as at the moment investors are in favour of USD as a safe-haven currency, leaving the market mean behind at 77.14. All three resistance levels (77.30/42/68) have been breached while none of the support (77.03; 76.88/62) lines remained intact today. The daily outlook stays neutral for the rest of the trading day.

Fri, 25 Nov 2011 16:18:46 GMT

Daily Market Overview: EUR/JPY

As the European debt woes worsen, investors continue purchasing the Japanese yen versus the single European currency, piercing the market mean at 102.98. Investors should consider resistance lines at 103.32, 103.76 and 104.51, and closely watch the last support levels at 102.25 and 101.50. The daily trading signals point at a continuation of the bearish trend up front.

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