EUR/USD Current price: 1.3353
View Live Chart for the EUR/USD_20130125035716.gif "eur")
EURUSD bounced off of support via the 1.3286 figure, keeping the single currency pair in short term consolidation. Directional bias will be established once price action breaks through either 1.3400 resistance or the aforementioned 1.3286.
Support Levels 1.3308 1.3243 1.3200
Resistance Levels 1.3416 1.3459 1.3524
GBP/USD Current price: 1.5774
View Live Chart for the GBP/USD (Select the currency)_20130125035749.gif "usdjpy")
GBPUSD closed below pivotal support via the 1.5800 figure, opening scope for a further decline to initial support at 1.5735. Given the rather lackluster break through of near term consolidation, any upside retracement is likely to be met with formidable resistance at 1.5848.
Support Levels 1.5747 1.5702 1.5649
Resistance Levels 1.5845 1.5898 1.5943
USD/JPY Current price: 90.46
View Live Chart for the USD/JPY (select the currency)_20130125035822.gif "usdjpy")
Penetrating the 90 barrier, USDJPY has the potential to advance higher towards 92.00 in the short term. The notion is dependent on a subsequent upside violation of the 90.64 resistance barrier. Any momentous retracement will likely be held at bay by the 89 support figure.
Support Levels 89.04 87.70 86.99
Resistance Levels 91.10 91.81 93.16
AUD/USD Current price: 1.0442
View Live Chart for the AUD/USD (Select the currency)_20130125035849.gif "aud")
As expected, AUDUSD failed to overcome the 1.0578 resistance barrier, succumbing to selling pressure on the session. Given the steepness of the decline, consolidation is likely the next move for the pair. As a result, support via the 1.0425 will likely be eyed.
Support Levels 1.0419 1.0382 1.0313
Resistance Levels 1.0525 1.0594 1.0631
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