"Consolidating below the 1.3000 level though downside still limited with support at 1.2915/20 then 1.2870 low. Break will trigger a small top and see stronger pullback to 1.2800 and 1.2778. Clear break over 1.3000, difficult for now, needed to trigger stronger rally", said the 4CAST team.

GBP/USD is also around 20 pips higher trading at the 1.5265 zone, 0.24% above its opening price. USD/JPY is testing the 87.00 resistance level again. AUD/USD is settling around 0.8760/80 after rising sharply earlier today.

Tue, Jul 20 2010, 05:19 GMT
http://www.fxstreet.com