EUR/USD Current price: 1.2900


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The EUR/USD holds to its latest range, trading in the 1.2880/1.2970 area, and having tested the lows of its range on poor PMI’s all around Europe. The hourly chart shows price unable to extend above 20 SMA, while indicators hold in negative territory, suggesting no buying interest at the time being. In the 4 hours chart technical readings continue to grind lower in negative territory, supporting the overall bearish trend. Break below daily low at 1.2880 is needed to confirm a short term continuation, while once below 1.2840, further slides are to be expected over the upcoming days. Sellers around 1.2950/70 should prevent the pair from rising.




Support levels: 1.2910 1.2880 1.2840



Resistance levels: 1.2950 1.2970 1.3000



GBP/USD Current price: 1.5166


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The GBP/USD reached 1.5208 after better than expected data in the UK: both retail sales and public sector net borrowing improved beyond expectations, giving a lift to the already bullish pound. The hourly chart however, is showing indicators exhausted to the upside near overbought territory and heading lower, anticipating a downward corrective movement, that will find support around 1.5120, 20 SMA in the mentioned time frame. In the 4 hours chart indicators are bouncing higher from their midlines, while 20 SMA stands around 1.5110 also offering dynamic support. A break below this last will deny the intraday bullish bias and expose 1.5040 static support zone.



Support levels: 1.5115 1.5070 1.5040



Resistance levels: 1.5180 1.5220 1.5260



USD/JPY Current price: 95.22


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Lower in range, the USD/JPY was unable to hold the 96.00, giving sings of exhaustion in the long run, although far from turning bearish. The hourly chart shows price back below 100 SMA around 95.40 and immediate resistance, while indicators head south in negative territory, suggesting more short term slides. In the 4 hours chart technical readings also turned south, yet only below 94.80 support the bearish momentum can accelerate back towards the 94.20 price zone.



Support levels: 95.10 94.80 94.20



Resistance levels: 95.40 95.75 96.10



AUD/USD: Current price: 1.0423


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Aussie soared to 1.0438 against the greenback, gaining on positive European stocks and gold demand. The pair holds above the 1.0410 level, still looking bullish in the hourly chart, although with indicators in overbought territory; corrections up to mentioned 1.0400/10 area will hardly affect the short term upward momentum, while fresh highs will expose the 1.0500 area.



Support levels: 1.0410 1.0360 1.0330 



Resistance levels:  1.0440 1.0490 1.0530


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