8th of September 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
8 September 2011 – 8:00 GMT
Thursday

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

EURJPY 109.95 resistance.

EURUSD BEARISH Initial support is at 1.3951, a move below which would expose 1.3837, the key low. Initial resistance is at 1.4288.

USDJPY NEUTRAL Resistance is at 77.73 ahead of 78.10, while support is at 76.43 ahead of the 75.95, the key low.

GBPUSD BEARISH Focus on initial support at 1.5906, a break below which would expose 1.5781, the key low from July 12. Near-term resistance is at 1.6203.

USDCHF NEUTRAL Near-term resistance is at 0.8894 and support lies at 0.8241, a previous high.

AUDUSD BULLISH Rise through 1.0666 would pave the way towards 1.0765. Support lies at 1.0419.

USDCAD BULLISH Break above 0.9969 would expose 1.0010, the key high from Aug 9. Support lies at 0.9754.

EURCHF NEUTRAL Key upside trigger is at 1.2346 and support lies at 1.2007.

EURGBP NEUTRAL Initial resistance is at 0.8886, while support lies at 0.8728.

EURJPY BEARISH Initial support lies at 107.84 ahead of 106.61. Resistance is at 109.95.


A. White
Analyst at Fibosignals.com

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