EUR/USD Current price: 1.3492
View Live Chart for the EUR/USD_20130130032801.gif "eur")
EURUSD closed above 1.3472 resistance on the session, indicative of further bullish momentum in the near term. As a result, traders will likely be eyeing the next viable resistance level at 1.3600. Any correction will be held at bay by the 1.3407 figure.
Support Levels 1.3353 1.3384 1.3437
Resistance Levels 1.3521 1.3552 1.3605
GBP/USD Current price: 1.5756
View Live Chart for the GBP/USD (Select the currency)_20130130032835.gif "gbpusd")
Finding support via 1.5683, GBPUSD prospects for a bounce higher remain intact. Further extension higher will include a test of 1.5815 in the short term. A break above the resistance barrier would activate expectations towards 1.5900.
Support Levels 1.5614 1.5650 1.5704
Resistance Levels 1.5794 1.5830 1.5884
USD/JPY Current price: 90.97
View Live Chart for the USD/JPY (select the currency)_20130130032915.gif "usdjpy")
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 89.67 90.00 90.38
Resistance Levels 91.08 91.41 91.79
AUD/USD Current price: 1.0472
View Live Chart for the AUD/USD (Select the currency)_20130130032946.gif "aud")
AUDUSD broke back through key resistance via the 1.0450 figure, lending to some short term bullishness on the session. Subsequently, the upside penetration has additionally opened scope for a move to 1.0500 in the near term. Any converse correction will likely target the 1.0425 figure.
Support Levels 1.0356 1.0380 1.0424
Resistance Levels 1.0492 1.0516 1.0560
New to Forex? Visit our Glossary!Today's new term, Oops! Pattern.
Recommended Content
Editors’ Picks
USD/JPY crashes nearly 450 pips to 155.50 on likely Japanese intervention
Having briefly recaptured 160.00, USD/JPY came under intense selling to test 155.00 on what seems like a Japanese FX intervention underway. 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.
AUD/USD rallies toward 0.6600 on risk flows, hawkish RBA expectations
AUD/USD extends gains toward 0.6600 in the Asian session on Monday. The Aussie pair is underpinned by increased bets of an RBA rate hike at its May policy meeting after the previous week's hot Australian CPI data. Risk flows also power the pair's upside.
Gold tests critical daily support line, will it defend?
Gold price is seeing a negative start to a new week on Monday, having booked a weekly loss. Gold price bears the brunt of resurgent US Dollar (USD) demand and a risk-on market mood amid Japanese holiday-thinned market conditions.
Ethereum fees drops to lowest level since October, ETH sustains above $3,200
Ethereum’s high transaction fees has been a sticky issue for the blockchain in the past. This led to Layer 2 chains and scaling solutions developing alternatives for users looking to transact at a lower cost.
Week ahead: Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.