Ivan Delgado
Independent Analyst
EUR/USD Current price: 1.3459
View Live Chart for the EUR/USD_20130129025302.gif "d")
Consolidating on the session, EURUSD momentum stalled ahead of 1.3500 resistance. The technical setup now alludes to a potential 1.3300 support test. However, it should be noted that short term support remains strengthened at 1.3380.
Support levels: 1.3450 1.3420 1.3380
Resistance levels: 1.3485 1.3510 1.3545
GBP/USD Current price: 1.5702
View Live Chart for the GBP/USD (select the currency)_20130129025318.gif "d")
Remaining below 1.5806 resistance, the anticipated decline in GBPUSD led the major currency to close below 1.5700 in the US session. As a result, given the steepness of the decline, consolidation should be the next viable stage for the pair - with any retracement targeting the 1.5800 figure.
Support levels: 1.5700 1.5660 1.5620
Resistance levels: 1.5740 1.5785 1.5820
USD/JPY Current price: 90.77
View Live Chart for the USD/JPY (select the currency)_20130129025331.gif "d")
USDJPY bullish momentum stalled ahead of 91.50 resistance, hinting at a potential turn in the market. Any near term correction is likely to remain shallow and target the 89.57 support figure
Support levels: 90.55 90.20 89.80
Resistance levels: 90.90 91.20 91.60
AUD/USD: Current price: 1.0440
View Live Chart for the AUD/USD (select the currency)_20130129025343.gif "d")
Stalling ahead of 1.0400 support, AUDUSD looks set for a bit of a correction in the near term. The notion should bolsters a move higher towards 1.0500 at the most, with previous resistance still looming at that level preventing any further momentum.
Support levels: 1.0345 1.0300 1.0260
Resistance levels: 1.0450 1.0490 1.0520
New to Forex? Visit our Glossary!Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
EUR/USD hovers around 1.0700 ahead of German IFO survey
EUR/USD is consolidating recovery gains at around 1.0700 in the European morning on Wednesday. The pair stays afloat amid strong Eurozone business activity data against cooling US manufacturing and services sectors. Germany's IFO survey is next in focus.
GBP/USD steadies near 1.2450, awaits mid-tier US data
GBP/USD is keeping its range at around 1.2450 in European trading on Wednesday. A broadly muted US Dollar combined with a risk-on market mood lend support to the pair, as traders await the mid-tier US Durable Goods data for further trading directives.
Gold: Defending $2,318 support is critical for XAU/USD
Gold price is nursing losses while holding above $2,300 early Wednesday, stalling its two-day decline, as traders look forward to the mid-tier US economic data for fresh cues on the US Federal Reserve interest rates outlook.
Crypto community reacts as BRICS considers launching stablecoin for international trade settlement
BRICS is intensifying efforts to reduce its reliance on the US dollar after plans for its stablecoin effort surfaced online on Tuesday.
Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration.