EUR/USD set for an extension towards 1.3300


EUR/USD Current price: 1.3259

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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

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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

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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

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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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