The pair EUR/USD opened the trading week with a gap downwards amid the Greece news about the Radical Left Coalition victory. But then traders quickly leveled the gap and the European trades have already started from a blank slate. Traders decided to take profits on the short positions as the single European currency was at the 11-year low. The pair rose from this level.
GBP/USD traders closed decided to take profit as well. Traders reacted very emotionally to the WSJ interview by the Bank of England Forbes representative who pointed out the need to tighten monetary policy. Against this background, bulls were able to break through the strong resistance level of 1.5100 and to move the price to the level of 1.5200 where it stabilized.
The December Japan positive trade balance release failed to provide a firm support for the Japanese yen - negative balance amounted to 660.7 billion yen in December that came out better than traders had expected. At the moment the pair USD/JPY reached the level of 117.28, then bulls returned to the market and began to build up long positions at the attractive levels. Confident demand on the world's leading stock markets has supported bulls. Nevertheless, the pair could not fixate above the level of 118.00.