9th of September 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
9 September 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

GBPUSD 1.5906 support.

EURUSD BEARISH Break below 1.3951 has exposed support at 1.3837, the key low from July 12 ahead of 1.3752. Initial resistance is at 1.4288.

USDJPY NEUTRAL Initial resistance is at 77.73 ahead of 78.10, while support is at 76.43 ahead of 75.95.

GBPUSD BEARISH Initial support is at 1.5906, a break below this level would expose the key low from July 12 at 1.5781. Resistance is at 1.6111, a previous low.

USDCHF NEUTRAL Near-term resistance is at 0.8814 ahead of the key high at 0.8951. Support lies at 0.8540.

AUDUSD BULLISH Key resistance is at 1.0765, a move above this level would expose 1.0809. Support lies at 1.0482.

USDCAD BULLISH Initial resistance is at 0.9911, a clearance of this level would expose 0.9969. Support lies at 0.9754.

EURCHF NEUTRAL Key resistance is at 1.2346 and support lies at 1.2036.

EURGBP NEUTRAL Sell-off through 0.8733 has exposed support at 0.8697 ahead of 0.8643. Resistance is at 0.8842 ahead of 0.8886, the key high from Aug 10.

EURJPY BEARISH The cross targets 107.84, a break through which would open the key low from March 17 at 106.61. Resistance is at 109.95.


A. White
Analyst at Fibosignals.com

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