19th of April 2012 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
19 April 2012 – 8:00 GMT
Thursday

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

EURJPY 107.47 resistance

EURUSD BEARISH Focus on support at 1.2974/54 area, a break through which would signal extension of weakness. Resistance is at 1.3213.

USDJPY NEUTRAL A move above 81.78 would open the way to 82.24. Key support area is at 80.30/10.

GBPUSD NEUTRAL Resistance area is marked at 1.6063/90, while support lies at 1.5895.

USDCHF NEUTRAL Initial resistance is at 0.9252, a move above would open 0.9335. Support lies at 0.9092 ahead of 0.9002.

AUDUSD BEARISH Trend conditions are bearish; a break below 1.0305 would extend the downtrend towards 1.0226. Resistance is at 1.0471.

USDCAD BEARISH Key support lies at 0.9842, a break here would be a bearish development and open the way towards 0.9766. Resistance is at 1.0053.

EURCHF NEUTRAL Resistance is at 1.2049 ahead of 1.2070, while support lies at 1.2000.

EURGBP BEARISH Support now lies at 0.8142; a break here would extend weakness towards 0.8068. Resistance is at 0.8279.

EURJPY NEUTRAL The recovery targets resistance at 107.47, a move above would open 108.04. Support is at 104.63/24 area.


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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