EUR/USD Current price: 1.2807


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The EUR/USD remained bearish although it stalled on a Friday with bank holidays in many countries in the Europe. At this point, a return above 1.29 might neutralize the bearish outlook in the near-term. However, the downside risk has room toward the next key support in the 1.2660-1.2680 area, which includes support factors: 1) 61.8% retracement and 2) Nov. support pivot. 


Support Levels: 1.2750, 1.2770, 1.2794


Resistance Levels: 1.2838, 1.2858, 1.2882


   


GBP/USD Current price: 1.5199


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The GBP/USD is at the cusp of breaking above a falling trendline that has held 2013 price action bearish. A break above the recent 1.5260 high should also a clear above the falling trendline and give a near-term bullish outlook first to the 1.5321 resistance pivot. Next, the 38.2% retracement level in the 1.5405-1.5422 area would be in sight.


Support Levels: 1.5127, 1.5151, 1.5169


Resistance Levels: 1.5211, 1.5235, 1.5253


   


USD/JPY Current price: 94.25


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Like many majors that traded with low volatility, the USD/JPY barely budged on Friday. There is a recent range between 95.00 and 93.50. A break above 95.00 favors the bullish continuation scenario. A break below the 93.50 level could test a rising trendline from Nov, below which a bearish correction scenario is favored.


Support Levels: 93.65, 93.78, 93.99


Resistance Levels: 94.33, 94.46, 94.67


  


AUD/USD: Current price: 1.0409


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AUD/USD stalled and has formed a near-term range between a resistance at 1.0426 and support at 1.0395. A break from this range could give a near-term directional clue. A break above 1.0425 does open up a near-term target toward the 1.05 handle, while a break below has the 1.0335-1.0350 area which contains the 38.2% retracement, in sight.


Support Levels: 1.0375, 1.0388, 1.0401


Resistance Levels: 1.0427, 1.0440, 1.0453









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