FOREX REVIEW/ 20THJAN

Euro 1.4295

Initial support at 1.4252 (Jan 19 low) followed by 1.4218 (Dec 22 low). Initial resistance is now located at 1.4512 (Jan 15 high) followed by 1.4579 (Dec 16 high)

Yen 91.10

Initial support is located at 90.16 (Dec 21 low) followed by 89.30 (0.500 of 84.83-93.77). Initial resistance is now at 91.27 (Jan 19 high) followed by 91.32 (Jan 15 high).

Pound 1.6360

Initial support at 1.6211 (Jan 15 low) followed by 1.6137 (Jan 13 low). Initial resistance is now at 1.6479 (0.618 of 1.6878-1.5833) followed by 1.6516 (Dec 7 high).

Australian Dollar 0.9240

Initial support at 0.9175 (Jan 18 low) followed by the 0.9124 (Jan 8 low). Initial resistance is now at 0.9280 (Jan 18 high) followed by 0.9328 (Jan 14 high).

Gold 1138

Initial support at 1127 (Jan 15 low) followed by 1115 (Jan 5 low). Initial resistance is now at 1146 (Jan 14 high) followed by 1161 (Jan 11 high).

Oil 79.10

Initial support at 78.00 (Intraday support) followed by 77.00 (Intraday Support). Initial resistance is now at 80.00 (Intraday Resistance) followed by 82.00 (Intraday Resistance).


currency Sup2 Sup1 Spot Res1 Res2

EUR/USD 1.4252 1.4252 1.4295 1.4512 1.4579

USD/JPY 89.3 90.16 91.10 91.27 91.32

GBP/USD 1.6137 1.6211 1.6360 1.6479 1.6519