Ivan Delgado
Independent Analyst
EUR/USD Current price: 1.3390
View Live Chart for the EUR/USD_20130115021033.gif "d")
EURUSD continued higher and closed above resistance via the 1.3350 figure. The close above reinforces the notion of additional upside in the single currency. However, the notion requires a break above the looming 1.3400 psychological barrier.
Support levels: 13370 1.3325 1.3290
Resistance levels: 1.3405 1.3450 1.3485
GBP/USD Current price: 1.6092
View Live Chart for the GBP/USD (select the currency)_20130115021043.gif "s")
Closing below 1.6100 psychological support, GBPUSD prospects remain bearish. The decline places the 1.6000 round figure as the next viable support figure. Further penetration lower would prompt a decline to the 1.5912 October swing low.
Support levels: 1.6020 1.5990 1.5950
Resistance levels: 1.6090 1.6120 1.6150
USD/JPY Current price: 89.58
View Live Chart for the USD/JPY (select the currency)_20130115021058.gif "s")
Resistance via the 90 handle remains hovering over USDJPY price action, prompting some considerations of a correction. Confirmation of the notion remains contingent on a downside violation of the 88 handle support figure.
Support levels: 89.30 89.00 88.70
Resistance levels: 89.65 90.00 90.30
AUD/USD: Current price: 1.0547
View Live Chart for the AUD/USD (select the currency)_20130115021108.gif "s")
AUDUSD found support via the 1.0529 figure, prompting further consolidation on the session. However, with resistance via the 1.0600 round figure looming above, any AUDUSD upside may be shallow at this point, as traders eye a possible 1.0500 round figure test.
Support levels: 1.0550 1.0520 1.0490
Resistance levels: 1.0580 1.0600 1.0660
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