Thursday’s Jan 3rd midday analysis -13.00 GMT

EurUsd found intraday support at the 1.4700 round number and pushed higher making a new weekly high but failling to break decisively above the resistance provided by the upsloping trendline we have mentioned on our previous commentary.

GbpUsd moved lower in the Uk session breaking below 1.9800 and finding support at a trendline connecting yesterday’s lows; after that the pair witnessed a short retrace towards the middle of its 130 point range it covered today. A retest of the 1.9800 area, now turned into resistance, is likely to happen later on in the US session.