EUR/USD Current price: 1.3055


View Live Chart for the EUR/USD


e



The EUR/USD resumed its slide, losing ground since early US session and despite DJIA rose near its all time high reached October 2007. Stocks rally lost steam near the close, and indexes closed in red, helping EUR/USD to maintain the red. The pair stalled a few pips shy of the 50% retracement of its latest bearish run, trading now below the 23.6% retracement of the same rally, around 1.3090 and immediate resistance level. The hourly chart shows 20 SMA gaining bearish slope above current price while indicators head south in negative territory, supporting further slides. In the 4 hours chart technical readings also support the downside, with recent lows around 1.3010 as key level to break, targeting then the 1.2880 price one.



Support levels: 1.3050 1.3010 1.2980



Resistance levels: 1.3090 1.3125 1.3160 



EUR/JPY Current price: 120.92


View Live Chart for the EUR/JPY (select the currency)


e


EUR/JPY enters Asian session barely unchanged from yesterday opening, after a failure attempt to advance earlier this Thursday. The pair however, found buyers around 100 SMA in the hourly chart that caps the upside now around 121.30. Yen crosses had been under pressure this week, and attempts to recover were halted by selling interest, pointing for a change in market interest when it comes to the Japanese currency. As for the short term, the hourly chart presents a bearish tone that points for another leg lower in the pair. 



Support levels: 120.40 119.90 119.20



Resistance levels: 121.30 121.80 122.60



GBP/USD Current price: 1.5160


View Live Chart for the GBP/USD (select the currency)


g


The GBP/USD remains stuck to the 1.5150/60 area, after failing to break above the top of its latest range around 1.5220. A slightly bearish is present in the hourly chart with price  below 20 SMA and indicators breaking below their midlines. The pair however, has a short term support in the 1.5120 area, and needs to accelerate below it to confirm a downside continuation. In the 4 hours chart technical readings remain neutral, with indicators around their midlines and price hovering around a flat 20 SMA. 



Support levels: 1.5150 1.5115 1.5070 



Resistance levels: 1.5220 1.5265 1.5300



USD/JPY Current price: 92.65


View Live Chart for the USD/JPY (select the currency)


y


The USD/JPY advanced on positive US data, breaking and holding above 100 SMA in the hourly chart. However, the upside can’t be taken for granted: moving averages maintain a bearish slope while indicators lack momentum barely above their midlines. In the 4 hours chart, technical readings also present a shy bullish tone, yet only steady gains above 93.10 will favor a stronger advance in the pair.



Support levels: 92.30 92.00 91.60 



Resistance levels:  93.10 93.40 93.80


AUD/USD: Current price: 1.0215


View Live Chart for the AUD/USD (select the currency)


a


The AUD/USD found sellers in a spike towards 1.0270, quickly recovering the bearish tone afterwards: the pair is entering Asian session below 1.0220 level, immediate resistance, with a strong bearish momentum coming from the hourly chart, that suggests more slides ahead. In the 4 hours chart technical readings also point for a downside continuation, while a daily close below 1.0180 will open doors for a test of parity next week. 



Support levels:  1.0180 1.0150 1.0110



Resistance levels: 1.0220 1.0270 1.0300 


New to Forex? Visit our  Glossary!