31st of January 2012 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
31 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 BULLISH Initial resistance is at 1.3244 ahead of 1.3459. Support lies at 1.3077.

USDJPY BEARISH Decline through 76.33 has opened the way for losses towards 75.35. Resistance is at 76.78.

GBPUSD NEUTRAL Resistance is at 1.5740 ahead of the key bull trigger at 1.5780. Support lies at 1.5642 ahead of 1.5517.

USDCHF BEARISH Support at 0.9112 is intact for now; next support is at 0.9066, the Nov. 30 key low. Resistance is at 0.9229.

AUDUSD BULLISH Resistance is at 1.0688 ahead of 1.0765, the September 2011 high. Support lies at 1.0527.

USDCAD BEARISH Support lies at 0.9975 ahead of 0.9892, the October 2011 low. Resistance is at 1.0071.

EURCHF NEUTRAL Support lies at 1.2000 while resistance is at 1.2109.

EURGBP BEARISH A push below 0.8338 would open 0.8310. Key resistance is at 0.8422.

EURJPY BULLISH A rise above 101.58 would expose 102.54, the Dec. 21 key high. Support is at 99.99.


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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