The buck has got it’s running shoes on. The PPI numbers were maybe another little indication that falling inflation is not a major worry just yet and those shorts in EUR/USD are seeing their just rewards for selling above 1.3600.

GBP/USD is having a wobble losing 60 odd pips to 1.6327 and has stalled at monthly and D2 support at 1.6325/27 on the dot.

GBP/USD daily chart 15 01 2014

GBP/USD daily chart 15 01 2014

1.6313 is the next target from December then the broken 2009 resistance line at 1.6285. 1.6266 is the 55 dma before an area of former S&R at 1.6261.

EUR/USD has broken the big figure and sees support at the weekly level of 1.3581 with M1 support at 1.3575