DAILY MARKET COMMENTARY
27 January 2011 – 8:00 GMT
Thursday
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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA
GBPUSD support at 1.5752.
EURUSD BULLISH Big external resistance zone is at 1.3741/86; break through this would expose 1.3825. Support at 1.3573.
USDJPY BEARISH Remains bearish with focus on 81.85; breach of this level would expose 81.61 ahead of 80.93. Near-term resistance is at 82.67.
GBPUSD BULLISH Next support below 1.5752 lies at 1.5702. Initial resistance is at 1.6017.
USDCHF BEARISH Negative momentum with focus on 0.9301 key low. Initial resistance is at 0.9523.
AUDUSD NEUTRAL 1.0077 and 0.9804 mark the near-term directional triggers.
USDCAD NEUTRAL While initial resistance is at 1.0031 support lies at 0.9909.
EURCHF BULLISH Positive momentum with resistance at 1.3069 ahead of 1.3118. Near term support is defined at 1.2815.
EURGBP BULLISH Momentum is constructive with focus on resistance at 0.8691 Fibonacci level. Initial support lies at 0.8529.
EURJPY BULLISH Stalled in front of 113.03; breach of this level would expose 113.59 Fibonacci level next. Initial support lies at 111.64.
SCHEDULE
Please visit Fibosignals.com’s Economic Calendar for a schedule of market news and events.
A. M. Negrin Bautista, CFA
Chief Analyst at Fibosignals.com
DISCLAIMER: Fibosignals.com’s Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. Fibosignals.com assumes no responsibility or liability from gains or losses incurred by the information herein contained. Opinions, conclusions and other information expressed in this message are not given or endorsed by Fibosignals.com unless otherwise indicated by an authorized representative.
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