Ivan Delgado
Independent Analyst
EUR/USD Current price: 1.3566
View Live Chart for the EUR/USD_20130131022715.gif "s")
Rising higher through the break of 1.3468, EURUSD has opened scope for an extension higher towards 1.3615. The current technical runup still keeps 1.3771 medium targets intact. Any retracement at this point will likely target the 1.3500 figure.
Support levels: 1.3540 1.3510 1.3480
Resistance levels: 1.3580 1.3620 1.3660
GBP/USD Current price: 1.5799
View Live Chart for the GBP/USD (select the currency)_20130131022729.gif "d")
GBPUSD has broken through resistance at 1.5761, lending to additional upside in the price action for the short term. However, any further momentum remains dependent on an upside penetration of the 1.5822 November 15th session low.
Support levels: 1.5785 1.5740 1.5700
Resistance levels: 1.5820 1.5860 1.5900
USD/JPY Current price: 91.04
View Live Chart for the USD/JPY (select the currency)_20130131022747.gif "d")
Resistance at 91.50 remains hovering over GBPUSD price action, lending a bearish bias on the currency. However, the fact that the major pair wasn’t able to close below the 90.56 January 28th session low is diminishing the bearish sentiment. Look for any short term correction to target 90.
Support levels: 90.70 90.30 89.80
Resistance levels: 91.20 91.60 92.00
AUD/USD: Current price: 1.0413
View Live Chart for the AUD/USD (select the currency)_20130131022822.gif "d")
AUDUSD failed to rise further through 1.0478 resistance, sparking a downward move towards 1.0400 support in the session. With the pair already breaking through 1.0447 support, further downside can be anticipated for the major pair towards 1.0300.
Support levels: 1.0420 1.0380 1.0330
Resistance levels: 1.0470 1.0500 1.0540
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