Forex

Currency pairs technical review (January 22, 2013)

EURUSD

The pair has drawn the Pennant. If the pair breaks 1.33576 the pair will workout the figure and may rise to Fibonacci retracement at 1.34882.

Resistance: 1.34882, 1.35984, 1.37486

Support: 1.33143, 1.31674, 1.30277

GBPUSD

The pair has declined to the strong support at 1.58543.

Resistance: 1.60322, 1.62050, 1.63316

Support: 1.58543, 1.56722, 1.54842

USDCHF

The pair has tested resistance 0.93949 and rolled back to 0.93069. If the pair declines below 0.93069 the pair will decline to 0.92026.

Resistance: 0.93069, 0.93949, 0.95074

Support: 0.92026, 0.91079, 0.89635

USDJPY

The pair’s support is 88.640.

Resistance: 90.045, 91.254, 92.580

Support: 88.640, 87.728, 86.861

AUDUSD

The pair has broken 1.05332 and aiming to 1.06164.

Resistance: 1.06164, 1.07005, 1.07739

Support: 1.05332, 1.04407, 1.03535