13th of December 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
13 December 2011 – 8:00 GMT
Tuesday

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

EURGBP clears 0.8486 support

EURUSD BEARISH The pair targets 1.3212; a break here would open 1.3146 next. Near-term resistance is at 1.3386.

USDJPY NEUTRAL The near-term bull and bear triggers are at 78.29 and 76.58 respectively.

GBPUSD BEARISH Support lies at 1.5526 ahead of 1.5459. Key resistance is at 1.5780.

USDCHF BULLISH Recovery through 0.9331 signals scope for further gains towards 0.9401. Support lies at 0.9176.

AUDUSD NEUTRAL Resistance is at 1.0225 ahead of 1.0380. Support lies at 1.0048.

USDCAD NEUTRAL Resistance is at 1.0288, while support lies at 1.0168.

EURCHF BULLISH The cross is consolidating below the key resistance at 1.2474 a break above which would open 1.2646. Key support lies at 1.2226.

EURGBP BEARISH The break of 0.8486 has exposed 0.8456 the 61.8% retrace of the rally from 0.8068 to 0.9084. Resistance is at 0.8554.

EURJPY BEARISH A push below 103.01 would open the key support at 102.49. Resistance is at 104.53.


A. White
Analyst at Fibosignals.com

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