EUR/USD Current price: 1.3259
View Live Chart for the EUR/USD_20130111032212.gif "eur")
Closing above 1.3157 resistance, EURUSD is set for an extension higher towards 1.3300 psychological resistance. However, with the barrier being reinforced by the 1.3307 December 19th session high, the level looks to be remain formidable. Any converse correction will likely target the 1.3165 barrier.
Support Levels 1.2882 1.2960 1.3111
Resistance Levels 1.3340 1.3418 1.3569
GBP/USD Current price: 1.6151
View Live Chart for the GBP/USD (Select the currency)_20130111032307.gif "gbpusd")
Near term prospects for GBPUSD upside remain intact following the pair’s close above 1.6129 resistance. A further extension towards 1.6266 resistance is plausible on a break of the 1.6200 psychological barrier. Pullbacks will likely be limited by support at 1.6100.
Support Levels 1.5885 1.5945 1.6051
Resistance Levels 1.6217 1.6277 1.6383
USD/JPY Current price: 88.96
View Live Chart for the USD/JPY (select the currency)_20130111032411.gif "usdjpy")
Penetrating the 88.00 round figure barrier, USDJPY looks to extend towards resistance via the 89.25 level. Any failure to break the figure will prompt a decline to initial support at 87.34.
Support Levels 87.11 87.48 88.07
Resistance Levels 89.02 89.39 89.98
AUD/USD Current price: 1.0577
View Live Chart for the AUD/USD (Select the currency)_20130111032503.gif "aud")
Breaking above the 1.0575 resistance barrier, AUDUSD bulls are now set for a retest of the pivotal 1.0600 psychological figure. The figure is being reinforced by the 1.0624 September 14th swing high. Any retracement would see the 1.0500 figure being tested.
Support Levels 1.0415 1.0454 1.0524
Resistance Levels 1.0633 1.0672 1.0742
New to Forex? Visit our Glossary!Today's new term, Oops! Pattern.
Recommended Content
Editors’ Picks
USD/JPY pops and drops on BoJ's expected hold
USD/JPY reverses a knee-jerk spike to 142.80 and returns to the red below 142.50 after the Bank of Japan announced on Friday that it maintained the short-term rate target in the range of 0.15%-0.25%, as widely expected. Governor Ueda's press conference is next in focus.
AUD/USD bears attack 0.6800 amid PBOC's status-quo, cautious mood
AUD/USD attacks 0.6800 in Friday's Asian trading, extending its gradual retreat after the PBOC unexpectedly left mortgage lending rates unchanged in September. A cautious market mood also adds to the weight on the Aussie. Fedspeak eyed.
Gold consolidates near record high, bullish potential seems intact
Gold price regained positive traction on Thursday and rallied back closer to the all-time peak touched the previous day in reaction to the Federal Reserve's decision to start the policy easing cycle with an oversized rate cut.
Ethereum rallies over 6% following decision to split Pectra upgrade into two phases
In its Consensus Layer Call on Thursday, Ethereum developers decided to split the upcoming Pectra upgrade into two batches. The decision follows concerns about potential risks in shipping the previously approved series of Ethereum improvement proposals.
Bank of Japan set to keep rates on hold after July’s hike shocked markets
The Bank of Japan is expected to keep its short-term interest rate target between 0.15% and 0.25% on Friday, following the conclusion of its two-day monetary policy review. The decision is set to be announced during the early Asian session.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.