13th of June 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
13 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

EURGBP 0.8793 support.

EURUSD NEUTRAL Pull back through 1.4308 has turned the model to neutral and exposed support at 1.4248. Resistance lies at 1.4500.

USDJPY BEARISH While resistance at 81.01 holds, look for weakness towards 79.97, a break of which would open 79.57.

GBPUSD BEARISH Focus is on initial support at 1.6173, break of this level would open up 1.6132. Initial resistance lies at 1.6384.

USDCHF BEARISH Support is at 0.8327, break below this level would open 0.8300 next. Resistance lies at 0.8500.

AUDUSD BEARISH The pair targets 1.0510, break of which would confirm the bear trend and expose 1.0441 next. Near-term resistance is at 1.0664.

USDCAD BULLISH Break through 0.9821 would open key resistance at 0.9852. Initial support lies at 0.9712.

EURCHF BEARISH Initial support is at 1.2053, intraday low, break below this would expose 1.2000. Near-term resistance is at 1.2234.

EURGBP BULLISH While support at 0.8793 holds, potential for a climb towards 0.8919 and 0.8976 next.

EURJPY BEARISH Move below 115.21 has exposed support at 114.47. Near-term resistance is at 116.87.


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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