Asian currency market down 8/20/2012

forex trading outlook today - Asian currency market down 8/20/2012 : markets in Singapore, the Philippines, Malaysia and Indonesia are closed on Monday for Eidul-Fitri, the Muslim holiday that marks the end of the holy month of Ramadan. Indonesia was also closed on Friday for an extended holiday

The Euro was higher against the U.S. Dollar on Sunday. EUR/USD was trading at 1.2341, up 0.06% at time of writing. The pair was likely to find support at 1.2257, Thursday’s low, and resistance at 1.2386, Tuesday’s high.

GBP/USD down
The U.S. Dollar was lower against the Japanese Yen on Sunday. USD/JPY was trading at 79.48, down 0.10% at time of writing.

The pair was likely to find support at 78.33, Tuesday’s low, and resistance at 79.58, today’s high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.06% to hit 1.2341 and GBP/USD falling 0.04% to hit 1.5690.

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