19th of October 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
19 October 2011 – 8:00 GMT
Wednesday

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

EURUSD BULLISH Focus is on 1.3937, a break above which would open 1.4013. Initial support lies at 1.3653.

USDJPY NEUTRAL Initial resistance is at 77.49 and support lies at 76.31.

GBPUSD BULLISH Break above 1.5853 would expose 1.5945. Support lies at 1.5632.

USDCHF NEUTRAL Resistance is at 0.9123 while support lies at 0.8881.

AUDUSD BULLISH Key resistance is at 1.0335/99 area; a break of which would signal scope for extension of gains towards 1.0478. Near-term support lies at 1.0102.

USDCAD NEUTRAL Near-term directional triggers are at 1.0339 and 1.0044.

EURCHF NEUTRAL Key resistance is at 1.2435; a break here would expose 1.2495. Support lies at 1.2218.

EURGBP BULLISH Focus is on 0.8797, a break above which would open the way for 0.8842. Support lies at 0.8688.

EURJPY BULLISH Initial resistance is at 106.58, channel top drawn off July 4 high ahead of 107.68. Support lies at 104.02.


A. White
Analyst at Fibosignals.com

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