20th of January 2012 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
20 January 2012 – 8:00 GMT
Friday

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

EURUSD BEARISH Near-term support lies at 1.2734, a move below which would open 1.2624. Resistance is at 1.2947.

USDJPY BEARISH Momentum is negative; key support lies at 76.33 with interim support at 76.55. Resistance is at 77.13.

GBPUSD BEARISH Break below 1.5311 would expose 1.5273 next. Resistance is at 1.5501.

USDCHF BULLISH Resistance is at 0.9498, a rise through which would open the key high of 0.9596. Key support lies at 0.9306.

AUDUSD BULLISH Initial resistance is at 1.0450 ahead of 1.0496. Support lies at 1.0303.

USDCAD NEUTRAL Key bear trigger is at 1.0052 while resistance is at 1.0188.

EURCHF BEARISH Support lies at 1.2051, a move below which would open the key support at 1.2000. Resistance is at 1.2130.

EURGBP BEARISH Near-term support lies at 0.8303 ahead of 0.8255. Resistance is at 0.8376.

EURJPY BEARISH Initial support lies at 97.69, a break below which would open 97.04. Resistance is at 99.35.


SCHEDULE

Please visit our Economic Calendar for a for a schedule of market news and events: http://www.fibosignals.com/5585/calendar.html.

A. White
Analyst at Fibosignals.com

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