NEW YORK, January 17 (FinanceEnquiry.com) - The following article briefs on the movement of GBP/JPY and AUD/USD pairs on January 17, 2012.

On Monday, GBPJPY was indecisive, as the bias is neutral in nearest term, though the overall technical strongly suggests a downtrend if it stays beneath the 119.35 still testing 116.82 support area.

However, a clear break and daily close above the 119.35 level could initiate a bullish pullback, while a clear break and daily close above 122.62 will seize the ongoing bearish outlook.

AUD/USD experienced a bullish momentum yesterday, peaking at 1.0336 and forming a key resistance at 1.0385 earlier today in Asian session. The near term bias looks bullish, that could be an early breakout indication aiming at 1.0500-1.0600.

The near support is visible at 1.0300, and a clear break beneath the area could direct the price to neutral zone, however a break below the ascending triangle would endanger the ongoing bullish trend.