EUR/USD Current price: 1.3312
View Live Chart for the EUR/USD_20130122022810.gif "eur")
EURUSD stalled on the session above support via the 1.3300 psychological figure. As a result, the current setup is indicative of further consolidation in the single currency, with potential for a near term retest of 1.3400.
Support Levels 1.3296 1.3280 1.3262
Resistance Levels 1.3330 1.3348 1.3364
GBP/USD Current price: 1.5837
View Live Chart for the GBP/USD (Select the currency)_20130122022846.gif "gbpusd")
GBPUSD extended through the downside break of 1.5900, now testing support via the 1.5800 psychological figure. Any retracement off of the round figure should prompt a re-test of initial resistance at 1.5925. Any further penetration lower would place the 1.5769 support into play.
Support Levels 1.5790 1.5753 1.5700
Resistance Levels 1.5880 1.5933 1.5970
USD/JPY Current price: 89.38
View Live Chart for the USD/JPY (select the currency)_20130122022922.gif "usdjpy")
Falling from the 90 handle resistance barrier, USDJPY has set itself up for a potential leg lower – especially with a close below the 89.62 low on Friday. Initial support is being eyed at 88.92, with subsequent barriers likely via the 88.00 handle.
Support Levels 89.25 88.83 88.32
Resistance Levels 90.18 90.68 91.10
AUD/USD Current price: 1.0520
View Live Chart for the AUD/USD (Select the currency)_20130122023034.gif "aud")
Finding temporary support via the 1.0491 figure, AUDUSD downside has been suspended for now. Any extension lower will require a downside break of the aforementioned barrier. For now, expect further consolidation of the pair.
Support Levels 1.0497 1.0478 1.0463
Resistance Levels 1.0531 1.0546 1.0565
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