27th of June 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
27 June 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 113.42 support.

EURUSD BEARISH The pair's sell off continues; the break below 1.4127 has paved the way towards 1.4074 ahead of 1.4002. Resistance is at 1.4306.

USDJPY NEUTRAL The push above 80.80 has turned the model to neutral; resistance is at 81.06, followed by 81.33. Initial support lies at 80.14.

GBPUSD BEARISH Momentum is negative; break of 1.5937 has exposed 1.5881 ahead of 1.5822. Initial resistance is at 1.6075.

USDCHF BEARISH The break of 0.8327 has signaled scope for further downside towards 0.8300. Resistance lies at 0.8463.

AUDUSD BEARISH Decline through 1.0441 has opened the way for losses towards 1.0390/59 area. Resistance is at 1.0601.

USDCAD BULLISH Rise through 0.9899 has exposed resistance at 0.9974, the key level. Initial support is at 0.9771.

EURCHF BEARISH Break of 1.1832 has signaled potential for further losses towards 1.1600. Initial resistance lies at 1.1964.

EURGBP BULLISH Initial resistance is at 0.8926, a break here would open 0.8952/77 area. Support lies at 0.8826.

EURJPY BEARISH Focus is on initial support at 113.42, break of which would expose 113.00, Fibonacci level. Resistance lies at 114.90.


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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