FX Technical Commentary

Daily Forex Technicals | Written by Easy Forex | Jan 21 09 01:28 GMT |

Euro 1.2865 Initial support at 1.2857 (Jan 20 low) followed by 1.2800 (Dec 9 low). Initial resistance is now located at 1.3104 (Jan 20 high) at followed by 1.3387 (Jan 19 high) Yen 89.75 Initial support is located at 89.68 (Jan 20 low) followed by 88.48 (Jan 15 low). Initial resistance is now at 91.67 (Jan 9 high) followed by 92.29 (61.8% retrace 94.64 to 88.48). Pound 1.3865 Initial support at 1.3863 (Jan 20 low) followed by 1.3810 (Jan 21 low). Initial resistance is now at 1.4443 (Jan 20 high) followed by 1.4981 (Jan 16 high). Australian Dollar 0.6460 Initial support at 0.6292 (Dec 5 low) followed by the 0.6077 (Nov 20 low). Initial resistance is now at 0.6841 (Jan 19 high) followed by 0.7042 (Jan 12 high). Gold 854 Initial support at 816 (Jan 16 low) followed by 802 (Jan 15 low). Initial resistance is now at 870 (Jan 6 high) followed by 890 (Dec 29 high). Currency Sup 2 Sup 1 Spot Res 1 Res 2 EUR/USD 1.2800 1.2857 1.2865 1.3104 1.3387 USD/JPY 88.48 89.68 89.75 91.67 92.29 GBP/USD 1.3810 1.3863 1.3865 1.4443 1.4981 AUD/USD 0.6077 0.6292 0.6460 0.6841 0.7042 XAU/USD 802.00 816.20 854.00 870.00 890.00 Easy Forex http://www.easy-forex.com Easy-Forex makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites and the information contained does not take into account your personal objectives, financial situation and needs. Therefore you should consider whether these products are appropriate in view of your objectives, financial situation and needs as well as considering the risks associated in dealing with those products