Major Currency Pairs: EUR/USD USD/JPY GBP/USD
Deltastock | Jan 31, 2013 06:17AM ET
Current level - 1.3553
"Double top" pattern at 1.3585 sets the end of the rise from 1.3414 and current corrective slide will aim to test 1.3515-05 support area before next wave upwards, to 1.3700.
USD/JPY
Current level - 90.92
Current slide after 91.40 peak should be considered corrective and while 90.30 crucial support is intact, the outlook here will remain positive, for a rise towards 92.50. Minor intraday resistance is seen at 90.98 and it caps the upside for one more dip to 90.50.
GBP/USD
Current level - 1.5817
The upmove from 1.5673 is still underway, targeting 1.5900 resistance area. Key support on the downside is 1.5760 and crucial is 1.5726 low.
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