Tuesday, January 24, 2012

24th of January 2012 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
24 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 Support lies at 1.2839, a move below which would open 1.2734. Key resistance is at 1.3077.

USDJPY NEUTRAL Key upside trigger lies at 77.34 and initial support lies at 76.55.

GBPUSD NEUTRAL Resistance is at 1.5629 ahead of 1.5670. Support lies at 1.5416 ahead of 1.5311.

USDCHF BULLISH Near-term resistance is at 0.9413, a rise through which would open 0.9498. Key supports are at 0.9306 and 0.9244.

AUDUSD BULLISH Momentum is positive; clearance of 1.0496 has opened the way for gains towards 1.0567 and then 1.0753. Support lies at 1.0359.

USDCAD NEUTRAL Key bear trigger lies at 1.0052 while resistance is at 1.0189.

EURCHF BEARISH Momentum conditions are bearish; tough support lies at 1.2000 and resistance is at 1.2133.

EURGBP BEARISH Support lies at 0.8255, a break here would open 0.8222, the Jan. 9 key low. Resistance is at 0.8378.

EURJPY NEUTRAL Initial resistance is at 100.34 ahead of 100.76, a prior low. Support lies at 98.56 ahead of 97.69.


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

DISCLAIMER: Fibosignals.com’s Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. Fibosignals.com assumes no responsibility or liability from gains or losses incurred by the information herein contained. Opinions, conclusions and other information expressed in this message are not given or endorsed by Fibosignals.com unless otherwise indicated by an authorized representative.

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