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SunBirdFX Daily Market Analysis : 01/28/2013
GBPUSD was hit hard and early. We had mentioned the GBP's weakness during the whole of last week, and the pair continues to slide down. The pair is down to 1.5720 at this time, from its close at 1.5800 last week. Talk of buy orders clustered at 1.5695 and sell stops through 1.5690. We will look to sell at 1.5750 (if it retraces up there) SL 1.5780 tp 1.5690
AUDUSD continues to slide as well, Sell at 1.0410 tp 1.0380 SL 1.0450.
All of the EUR/XXX pairs are climbing. The Euro, itself, is a very strong currency as of late. Look to buy any of these pairs after a correction. For example, Buy EURUSD at 1.3400 (Weekly Pivot) SL at 1.3360 TP 1.3450.