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
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