EUR/USD Current price: 1.3492
View Live Chart for the EUR/USD_20130130032801.gif "eur")
EURUSD closed above 1.3472 resistance on the session, indicative of further bullish momentum in the near term. As a result, traders will likely be eyeing the next viable resistance level at 1.3600. Any correction will be held at bay by the 1.3407 figure.
Support Levels 1.3353 1.3384 1.3437
Resistance Levels 1.3521 1.3552 1.3605
GBP/USD Current price: 1.5756
View Live Chart for the GBP/USD (Select the currency)_20130130032835.gif "gbpusd")
Finding support via 1.5683, GBPUSD prospects for a bounce higher remain intact. Further extension higher will include a test of 1.5815 in the short term. A break above the resistance barrier would activate expectations towards 1.5900.
Support Levels 1.5614 1.5650 1.5704
Resistance Levels 1.5794 1.5830 1.5884
USD/JPY Current price: 90.97
View Live Chart for the USD/JPY (select the currency)_20130130032915.gif "usdjpy")
Resistance at 91.50 remains hovering over GBPUSD price action, lending a bearish bias on the currency. However, the fact that the major pair wasn’t able to close below the 90.56 January 28th session low is diminishing the bearish sentiment. Look for any short term correction to target 90.
Support Levels 89.67 90.00 90.38
Resistance Levels 91.08 91.41 91.79
AUD/USD Current price: 1.0472
View Live Chart for the AUD/USD (Select the currency)_20130130032946.gif "aud")
AUDUSD broke back through key resistance via the 1.0450 figure, lending to some short term bullishness on the session. Subsequently, the upside penetration has additionally opened scope for a move to 1.0500 in the near term. Any converse correction will likely target the 1.0425 figure.
Support Levels 1.0356 1.0380 1.0424
Resistance Levels 1.0492 1.0516 1.0560
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