Tuesday’s Jan 14th midday analysis -13.00 GMT

EurUsd traded inside yesterday’s range so far just below the 1.4900 round number. The low was formed at 1.4830 where we have support offered by the 62 EMA on the hourly charts, after reaching that early in the UK session the pair started to head toward the 1.4900 resistance.

GbpUsd already covered 150 points in today’s trading hours, it formed a triangle on the intraday timeframe, a triangle from which is broke north and after two attempt it got even above the 1.9650 level, the 50% Fibonacci retracement of the last big move down. A retest of the upper side of that triangle is not to be ruled our but the short term bias is bullish.