17th of January 2012 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
17 January 2012 – 8:00 GMT
Tuesday

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

EURUSD BEARISH Initial support lies at 1.2588 ahead of 1.2500. Resistance is at 1.2879.

USDJPY BEARISH Intraday momentum is negative; Key near-term support lies at 76.33. Resistance is at 77.34.

GBPUSD BEARISH Decline through 1.5273 would open 1.5235 next. Resistance is at 1.5409.

USDCHF BULLISH Recovery through 0.9596 would open up the way towards 0.9784, the January 2011 high. Key near-term support lies at 0.9407.

AUDUSD BULLISH Clearance of 1.0387 has opened the way for gains towards 1.0447 and then 1.0496. Initial support lies at 1.0229.

USDCAD NEUTRAL Near-term directional triggers are at 1.0319 and 1.0052.

EURCHF BEARISH Support lies at 1.2000, while resistance is at 1.2148.

EURGBP BEARISH Outlook is bearish; a move below 0.8222 would expose 0.8205. Resistance comes in at 0.8376.

EURJPY BEARISH Support lies at 95.90 ahead of the psychological level of 95.00. Resistance is at 98.80.


SCHEDULE

Please visit our Economic Calendar for a for a schedule of market news and events: http://www.fibosignals.com/5585/calendar.html.

A. White
Analyst at Fibosignals.com

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