Ivan Delgado
Independent Analyst
EUR/USD Current price: 1.3319
View Live Chart for the EUR/USD_20130121033149.gif "s")
Further consolidation ensued in the session, with the EURUSD failing to advance above the 1.3400 psychological figure. The decline has increased the probability of a near term decline. However, the notion remains contingent on a break of the 1.3270 initial support level.
Support levels: 1.3290 1.3250 1.3220
Resistance levels: 1.3350 1.3375 1.3400
GBP/USD Current price: 1.5947
View Live Chart for the GBP/USD (select the currency)_20130121033213.gif "s")
Plunging through 1.6000 support, GBPUSD dropped to close below the 1.5900 figure on the day. Price action is now set to test 1.5806 support, which is being reinforced by additionally support via the 1.5840 figure. The setup should portend a near term correction in the major.
Support levels: 1.5820 1.5770 1.5720
Resistance levels: 1.5885 1.5915 1.5950
USD/JPY Current price: 89.60
View Live Chart for the USD/JPY (select the currency)_20130121033226.gif "s")
An extension towards subsequent resistance at 90.50 is anticipated for USDJPY, now that the pair has traded through the 90.00 figure. However, a slight retracement to 89.16 support can’t be ruled out – given the rather short consolidation witnessed at the end of last week.
Support levels: 89.40 89.00 88.60
Resistance levels: 89.80 90.00 90.20
AUD/USD: Current price: 1.0520
View Live Chart for the AUD/USD (select the currency)_20130121033337.gif "l")
Breaking near term support via the 1.0544 figure, AUDUSD has moved lower to test 1.0500. Downside penetration of the figure would prompt a decline to initial support via the 1.0464 level.
Support levels: 1.0490 1.0450 1.0430
Resistance levels: 1.0520 1.0550 1.0580
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