19th of August 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
19 August 2011 – 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

EURGBP 0.8643 support.

EURUSD BULLISH A clearance of 1.4452 would expose 1.4536. Support lies at 1.4226 ahead of 1.4150.

USDJPY BEARISH Momentum is negative; a move below 76.25, the key low, would expose the psychological level of 75.00. Initial resistance is at 77.31.

GBPUSD BULLISH A move above 1.6592 would pave the way for 1.6661. Support lies at 1.6323.

USDCHF NEUTRAL The pair is heavy below 0.8000; the near-term directional triggers are 0.8278 and 0.7744.

AUDUSD BEARISH The fall through 1.0331 has opened 1.0246 ahead of 1.0111. Initial resistance is at 1.0559.

USDCAD BULLISH A rise through 0.9969 would expose 1.0010, a key high from Aug 9. Support lies at 0.9799.

EURCHF NEUTRAL The cross has resistance at 1.1555 while support lies at 1.1046.

EURGBP BEARISH Key support lies at 0.8643; a break below this level would expose 0.8611. Initial resistance is at 0.8745.

EURJPY BEARISH A move below 108.93 would expose 108.03, a key low from Aug 11. Initial resistance is at 110.72.


A. White
Analyst at Fibosignals.com

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