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
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