EUR/USD Current price: 1.3084


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The EUR/USD trades range bound so far this Wednesday, trapped in the 1.3035/1.3120 area, with no significant technical signs in the short term. The hourly chart shows price above a flat 20 SMA, while indicators turned south and approach their midlines, holding in positive territory. In the 4 hours chart the bearish tone persists, as the spike higher was contained by a still bearish 20 SMA, while indicators head south in negative territory although with limited momentum. Break below 1.3035 should put the bears back on track, looking for levels sub 1.30 for later today.



Support levels: 1.3035 1.2990 1.2950



Resistance levels: 1.3120 1.3150 1.3185



GBP/USD Current price: 1.5159





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The GBP/USD bounced from the 1.5070 area, establishing a short term double floor in the level, clear in the hourly chart. Despite disappointing UK data, the pair has managed to bounce higher, and the hourly chart presents a slightly bullish tone ahead of the US opening: indicators head north above their midlines, while price advances above 20 SMA. The 4 hours chart shows a quite limited upward tone, with price now struggling to overcome its 20 SMA and indicators aiming to break above their midlines: further gains towards the neck of the figure around 1.5220 are likely, as long as 1.5120 contains slides, yet only above mentioned 1.5220 the pair will ease the strong bearish tone and be able to correct higher.



Support levels: 1.5120 1.5070 1.5030 



Resistance levels: 1.5220 1.5265 1.5300



USD/JPY Current price: 91.33


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Yen advances against all rivals, with the USD/JPY heading towards post Italian fiasco low, at 90.80. the hourly chart shows an increasing bearish momentum, with the upside capped by a short term descendant trend line currently around 91.80. In the 4 hours chart, technical readings also support the downside, as momentum heads strongly south below 100, while price finally breached 200 SMA. Further yen appreciation is to be expected, with 90.00 area now at sight.



Support levels: 91.20 90.80 90.35



Resistance levels: 91.80 92.20 92.70 



AUD/USD: Current price: 1.0189


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Australian dollar remains under pressure against the greenback, with the pair trading below the 1.0200 mark. The hourly chart shows indicators favoring a downside continuation, while 20 SMA holds its bearish slope above current price. In the 4 hours  technical readings also point for a downside continuation, with approaches to 1.0220 understood as selling opportunities. 



Support levels:  1.0180 1.0150 1.0110



Resistance levels: 10220 1.0260 1.0300 





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