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EUR/USD, USD/JPY And GBP/USD Daily Outlook: January 13, 2013

Published 01/14/2013, 07:32 AM
Updated 03/09/2019, 08:30 AM
EUR/USD
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GBP/USD
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USD/JPY
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EUR/USD

Current level - 1.3356
<span class=EUR/USD" title="EUR/USD" width="557" height="380">

Friday's break beyond 1.3310 highs signals, that the uptrend has been renewed, targeting new highs above 1.3500. The intraday bias however is negative and I expect a corrective slide towards 1.3300 support area.
Resistance & Support
USD/JPY

Current level - 89.35
<span class=USD/JPY" title="USD/JPY" width="552" height="382">
The pair has entered a minor corrective pattern below 89.67 high and my intraday outlook is negative, for a slide towards 88.35 support. On the senior frames the bias remains positive for new highs beyond 90.00 sentiment area.
Resistance & Support
GBP/USD

Current level - 1.6135
<span class=GBP/USD" title="GBP/USD" width="556" height="380">
Trading is caught in a tight range below 1.6175 high and the lack of trend dynamics here justifies one more downswing for 1.6070 support area before rally towards 1.6205.
Resistance & Support

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