EUR/USD Current price: 1.3011
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The EUR/USD remains bearish, ending the week below 1.30, stalling at 1.2965 before pulling back. Below 1.30, 1.2875 (50% retracement) is a possible next target. At this point a rally above 1.3160 would suggest a consolidation or correction against the recent bearish trend that started in February.
Support Levels: 1.2820 1.2893 1.2954
Resistance Levels: 1.3088 1.3161 1.3222
GBP/USD Current price: 1.5032
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After consolidating, The GBP/USD retreated from the intra-week consolidation resistance at 1.5220 and broke lower to end the week, cracking the 1.50 handle. If the market can hold cable under 1.5150, the middle of the aforementioned consolidation, then pressure remains downward. The next target could be a support pivot in the 1.4780-1.48 area. Below that, the 2010 low of 1.4225 could be in sight.
Support Levels: 1.4748 1.4866 1.4949
Resistance Levels: 1.5150 1.5268 1.5351
USD/JPY Current price: 93.39
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The USD/JPY remains bullish as it held above 92.00 and pushed to 93.50 to end last week. The focus is back on the 95.00 handle, which is the 2010 high. It remains that a break and hold under 92.00 is needed as a first sign of topping and possible bearish correction.
Support Levels: 91.50 91.97 92.74
Resistance Levels: 93.98 94.45 95.22
AUD/USD: Current price: 1.0160
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The AUD/USd edged lower, keeping the pressure on the 1.0150-1.0165 key support area. However, the bearish momentum appears to be losing steam. A push back above 1.03, which also breaks above a falling channel resistance would open up the 1.0375 pivot, above which AUD/USD would be back in neutral ground since it would be in the middle of a range that started mid-2012.
Support Levels: 1.0114 1.0147 1.0174
Resistance Levels: 1.0234 1.0267 1.0294
EUR/USD: 1.2875 is a possible next target
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