EUR/USD Current price: 1.3004


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The EUR/USD gapped slightly lower with the opening, holding above the 1.3000 area after touching 1.2965 on Friday. The gap has already been filled, and the common currency holds to its bearish tone with little scope for rises: if something, the pair may be dragged higher by EUR/JPY (see details below). As for the short term, the hourly chart shows technical readings remain bearish with price below 20 SMA and indicators heading south below their midlines, while in the 4 hours chart the picture is quite the same. Next big support is way below, in the 1.2880 area, yet as long as below the 1.3040 area, bears will try to push price towards that area.



Support levels: 1.2980 1.2940 1.2900



Resistance levels: 1.3010 1.3050 1.3090 



EUR/JPY Current price: 121.48


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Kuroda is meant to be next BOJ governor, and will even give a speech later today, something that may put yen crosses under pressure, as the market expects some tips on his ideas of additional facilities measures. The pair will be the battle of the less weak then, as both currencies come under pressure, although if investor like what he says, the pair may see some upward pressure. The hourly chart shows price losing some ground, although indicators hold in positive territory and while price develops above a bearish 100 SMA. Latest bullish leg corrected around a 50% of previous fall, and the 38.2% retracement comes around 121.20, immediate support. If the level gives up, further slides are to be expected towards the 120.40 price one. On the other hand, an advance needs to see price regaining 122.70/80 area, to deny further falls in the pair.



Support levels: 121.20 120.90 120.40 



Resistance levels: 121.80 122.30 122.80




GBP/USD Current price: 1.5029


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The GBP/USD consolidates recent losses below 1.5040, with the hourly chart showing 20 SMA gaining bearish slope above current price and indicators aiming higher in oversold levels; price however is unable to recover ground, as the market believes the BOE will be announcing a QE extension in their meeting this week. The 4 hours chart shows a strong bearish momentum which supports a downside continuation rally towards 1.4920 price one, as long as 1.5070 now attracts sellers.



Support levels: 1.5010 1.4960 1.4920



Resistance levels: 1.5070 1.5115 1.5160



USD/JPY Current price: 93.47


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The USD/JPY saw a strong recovery past Friday, and price established back above 100 and 200 SMA’s in the hourly chart, while both moving averages are slowly turning higher below current price as indicators stand flat in positive territory. So far, the pair has been limited by some selling interest in the 93.80 area. Investors will like await for Kuroda before taking decisions, yet the upside seems favored towards recent highs around 94.50. 



Support levels: 93.20 93.70 92.40



Resistance levels:  93.80 94.10 94.50



AUD/USD: Current price: 1.0195


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Aussie struggles around the 1.0200 level against the greenback, maintaining the bearish outlook of the last week. The hourly chart shows price being caped by 20 SMA as indicators stand below their midlines, although with no strength: price needs to break below 1.0180 immediate support, to attempt a test of 1.0150 area, where buying interest is reported to be aligned. If this last gives up, then, the pair will likely accelerate lower, with parity then at sight for this week. Upward corrective movements may extend up to 1.0270 area, without affecting the dominant bearish trend.



Support levels:  1.0180 1.0150 1.0110



Resistance levels: 1.0220 1.0270 1.0300 




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