18th of January 2012 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
18 January 2012 – 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 BEARISH Initial support lies at 1.2624, a move below which would open the key low at 1.2588. Resistance is at 1.2879.

USDJPY BEARISH Momentum is negative; key near-term support lies at 76.33 while resistance is at 77.13.

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

USDCHF BULLISH Key resistance is at 0.9596; a break above this level would open the way towards 0.9784, the January 2011 high. Key support lies at 0.9407.

AUDUSD BULLISH Next resistances are at 1.0496 and 1.0567. Support lies at 1.0303.

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

EURCHF BEARISH Key support lies at 1.2000 while resistance is at 1.2130.

EURGBP BEARISH Support lies at 0.8255 ahead of key low at 0.8222. Resistance comes in at 0.8376.

EURJPY BEARISH Near-term support lies at 97.04, a break below which would open 95.68. 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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