DAILY MARKET COMMENTARY
19 September 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
GBPUSD 1.5676 support.
EURUSD BEARISH Fall through 1.3704 has opened 1.3558 ahead of the key low at 1.3495. Resistance is at 1.3787, intraday high.
USDJPY BEARISH Initial support lies at 76.43, a move below which would expose 75.95, the key low. Resistance is at 77.28.
GBPUSD BEARISH Decline through 1.5707 has opened the way for losses towards 1.5676, a Fibonacci level, and 1.5583. Resistance is at 1.5765.
USDCHF BULLISH Resistance is at 0.8854, a break above which would open the key low from Sep 12 of 0.8928. Near-term support lies at 0.8647.
AUDUSD BEARISH Drop below 1.0178 would expose 1.0126. Initial resistance is at 1.0399.
USDCAD NEUTRAL Support lies at 0.9754 ahead of 0.9725, a key low from Aug. 31, while a recovery through 0.9861 would expose 0.9950.
EURCHF NEUTRAL Key resistance is at 1.2191, the Sep. 6 high. Support lies at 1.1973.
EURGBP NEUTRAL Break of 0.8697 has turned the model bearish; initial support lies at 0.8639 ahead of 0.8596. Resistance is at 0.8791
EURJPY BEARISH Violation of support at 104.41 would expose 103.90, a key low from Sep. 12. Initial resistance is at 106.00, the intraday high.
A. White
Analyst at Fibosignals.com
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