15th of September 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
15 September 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

EURGBP 0.8749 resistance.

EURUSD BEARISH As long as resistance at 1.3837 is intact, look for a move below 1.3591 to expose 1.3495.

USDJPY BEARISH Our focus is on 76.43, a break below which would open 75.95, the key low. Resistance is at 77.25.

GBPUSD BEARISH Initial support is at 1.5676, a Fibonacci level, ahead of 1.5583. Resistance is at 1.5870.

USDCHF BULLISH Key resistance is at 0.8928; a rise through which would expose 0.9105. Support lies at 0.8706 ahead of 0.8540.

AUDUSD BEARISH Decline through 1.0111 would expose the key low at 0.9928. Resistance is at 1.0376.

USDCAD BULLISH Clearance of 0.9977 would open up 1.0027. Initial support lies at 0.9891, the intraday low.

EURCHF NEUTRAL The cross is consolidating below 1.2191, the high from Sept 6. A break here would open 1.2346. Support lies at 1.1973, a previous high.

EURGBP BEARISH Near-term support is at 0.8639 ahead of 0.8596. Initial resistance is at 0.8749, a key Fibonacci level.

EURJPY BEARISH Fall through 103.90 would expose 102.45. Resistance is at 106.05.


A. White
Analyst at Fibosignals.com

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