14th of June 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
14 June 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 0.8750 support.

EURUSD BULLISH Recovery from 1.4300, initial support has put focus on resistance at 1.4500 ahead of 1.4551.

USDJPY BEARISH Scope for further losses towards 79.84 and 79.57, key level. Resistance lies at 80.69.

GBPUSD BULLISH Rise through 1.6384 exposed resistance at 1.6473 ahead of 1.6496. Initial support is at 1.6211.

USDCHF BEARISH Move below initial support at 0.8327 would pave the way for losses towards 0.8300 next. Resistance lies at 0.8500.

AUDUSD BEARISH Break of support at 1.0510 would expose 1.0441 next. Near-term resistance is at 1.0726.

USDCAD NEUTRAL 0.9799 and 0.9712 mark the near term directional triggers.

EURCHF BEARISH Break below 1.2000 would open 1.1811. Initial resistance lies at 1.2139.

EURGBP NEUTRAL Decline through 0.8793 has turned the model to neutral and exposed support at 0.8750. Upside trigger is at 0.8847.

EURJPY BEARISH Initial support is at 114.86, move below the level would open 114.47 and 113.88. Resistance lies 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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