EUR/USD Current price: 1.2859


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EUR/USD barely cracked its 1.2828 low on the week and consolidated in a near-term range roughly between 1.2895 and 1.2827. A break below suggests bearish trend continuation with 1.2660-1.2680 in sight; a break above reflects choppy consolidation with an extension above 1.29 to possibly target 1.30.


Support Levels: 1.2765, 1.2796, 1.2827


Resistance Levels: 1.2889,1.2920, 1.2951


  


GBP/USD Current price: 1.5163


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The GBP/USD retreated further from its 2013 falling trendline and broke a March rising trendline suggesting near-term bearish outlook towards 1.50, and possibly the 1.4830 March low. However the bearish attempt was not convincing as price fluctuated around 1.5150 for most of the US session. A rally above 1.5210 could invalidate the bearish outlook, and a rally above 1.5250 can neutralize the 2013 downtrend as well as signal bullish continuation. 


Support Levels: 1.5055, 1.5094, 1.5127


Resistance Levels: 1.5199, 1.5238, 1.5271


  


USD/JPY Current price: 94.59


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The USD/JPY rebounded from a near-term falling channel, holding above this week’s low. It has been choppy but has been bearish since the 96.71 March high. A break above 95.50 might revive the bullish outlook, which is still intact, but has lost steam. To neutralize the bullish outlook, USd/JPY needs to break below a rising trendline going back to November, in which case it would probably test a 92.00 handle and previous support pivot, between targeting the 90.85 support pivot.


Support Levels: 93.24, 93.55, 94.08


Resistance Levels: 94.92, 95.23, 95.76


   


AUD/USD: Current price: 1.0474


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AUD/USd continued its rally, pushing above the 1.0475 pivot, but was unable to clear the 1.05 handle. Still, the bullish outlook has the 1.0580-1.06 highs in site. However, a retreat below 1.04 would also clear a rising trendline from March and neutralize this month’s bullish outlook.


Support Levels: 1.0398, 1.0422, 1.0447


Resistance Levels: 1.0496 , 1.0520, 1.0545






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