25th of January 2012 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
25 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 NEUTRAL Key upside trigger is at 1.3077 and support lies at 1.2839.

USDJPY BULLISH Focus is on 78.29, a rally through this level would open the way for further gains towards 79.53. Support lies at 77.62.

GBPUSD NEUTRAL Resistance is at 1.5670 ahead of the bull trigger at 1.5780. Support lies at 1.5517 ahead of 1.5451.

USDCHF NEUTRAL Pair is testing 0.9244, a clear break below this level would trigger a bear trend and open 0.9176 next. Resistance is at 0.9413 ahead of 0.9498.

AUDUSD BULLISH Momentum is positive; initial resistance is at 1.0573, a move above this level would open the key high of 1.0753. Support lies at 1.0428.

USDCAD NEUTRAL Key downside trigger lies at 1.0052, a decline through this level would expose 0.9975. Resistance is at 1.0189 ahead of 1.0254.

EURCHF BEARISH Initial support lies at 1.2058 ahead of 1.2000. Resistance is at 1.2133.

EURGBP BEARISH Near-term support lies at 0.8273 ahead of 0.8255. Key resistance is at 0.8422.

EURJPY BULLISH Resistance is at 102.54, the Dec. 21 key high, a break above which would open the way for 104.32. Support lies at 100.03.


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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