EUR/USD Current price: 1.3071
View Live Chart for the EUR/USD_20130109025746.gif "eur")
Reversing directions and moving lower, EURUSD continues to feel the effects of 1.3150 resistance. As a result, the next viable move seems to be lower towards 1.2980 support. Further penetration lower would activate lower support targets at the 1.2900 figure.
Support Levels 1.2964 1.3011 1.3046
Resistance Levels 1.3128 1.3175 1.3210
GBP/USD Current price: 1.6046
View Live Chart for the GBP/USD (Select the currency)_20130109025819.gif "gbpusd")
Failing to break back above the 1.6131 figure, GBPUSD has declined through 1.6100 round support. Further downside declines remain contingent on the major’s ability to penetrate the 1.5986 barrier. The scenario would shift sights towards a test of 1.5912 October 23rd session low.
Support Levels 1.5927 1.5978 1.6019
Resistance Levels 1.6111 1.6162 1.6203
USD/JPY Current price: 87.46
View Live Chart for the USD/JPY (select the currency)_20130109025856.gif "usdjpy")
With a confirmed break below the 88.00 round figure, USDJPY ‘s prospects remain bearish. Expectations now surround the likelihood of a test of the 86.00 round figure.
Support Levels 85.63 86.23 86.60
Resistance Levels 87.57 88.17 88.54
AUD/USD Current price: 1.0495
View Live Chart for the AUD/USD (Select the currency)_20130109025924.gif "aud")
Resistance via the 1.0531 figure looms over AUDUSD upside, forcing the major to consolidate for the fourth straight session. Expectations are now emerging of a decline towards 1.0400 support in the near term, on a failed attempt to break above the resistance barrier.
Support Levels 1.0437 1.0454 1.0484
Resistance Levels 1.0531 1.0548 1.0578
New to Forex? Visit our Glossary!Today's new term, Oops! Pattern.
Recommended Content
Editors’ Picks
EUR/USD holds firm above 1.0700 ahead of German inflation data
EUR/USD trades on a firm footing above 1.0700 early Monday. The pair stays underpinned by a softer US Dollar, courtesy of the USD/JPY sell-off and a risk-friendly market environment. Germany's inflation data is next in focus.
USD/JPY recovers after testing 155.00 on likely Japanese intervention
USD/JPY is recovering ground after crashing to 155.00 on what seemed like a Japanese FX intervention. The Yen tumbled in early trades amid news that Japan's PM lost 3 key seats in the by-election. Holiday-thinned trading exaggerates the USD/JPY price action.
Gold price bulls move to the sidelines as focus shifts to the crucial FOMC policy meeting
Gold price struggles to capitalize on its modest gains registered over the past two trading days and edges lower on the first day of a new week, albeit the downside remains cushioned.
Ripple CTO shares take on ETHgate controversy, XRP holders await SEC opposition brief filing
Ripple loses all gains from the past seven days, trading at $0.50 early on Monday. XRP holders have their eyes peeled for the Securities and Exchange Commission filing of opposition brief to Ripple’s motion to strike expert testimony.
Week ahead: FOMC and jobs data in sight
May kicks off with the Federal Open Market Committee meeting and will be one to watch, scheduled to make the airwaves on Wednesday. It’s pretty much a sealed deal for a no-change decision at this week’s meeting.