25th of April 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
25 April 2011 – 8:00 GMT
Monday

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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA

EURJPY 120.71 resistance

EURUSD BULLISH Break of 1.4685 would expose 1.4776 ahead of 1.4905. Support lies at 1.4328.

USDJPY BEARISH Move below 81.55/31 support area would open the way to 80.69. Resistance is at 82.60 ahead of 83.10.

GBPUSD BULLISH Focus is on 1.6672, break here would expose 1.6722. Initial support is at 1.6386.

USDCHF BEARISH Decline through 0.8852/23 has exposed support at 0.8769. Near-term resistance lies at 0.9012.

AUDUSD BULLISH Momentum is positive; initial resistance is at 1.0845, while support lies at 1.0519.

USDCAD BEARISH Support is at 0.9446/00 area. Resistance is at 0.9600.

EURCHF BEARISH Break of 1.2730 would expose 1.2624; while resistance holds at 1.3000.

EURGBP BULLISH Move below 0.8741 would hurt the bull trend and expose 0.8714. Resistance is 0.8882 ahead of 0.8924/42 area.

EURJPY NEUTRAL Climb through 120.71 would signal potential for gains to 121.48 and 122.41 next. Support is at 118.00.

SCHEDULE

Please visit Fibosignals.com’s Economic Calendar for a schedule of market news and events.

A. White
Analyst at Fibosignals.com

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