EUR/USD Current price: 1.2814


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Holidays’ extend, and so does ranges across the board. The EUR/USD trades between 1.2770 daily low and 1.2825, with a slightly short term positive tone, according to the hourly chart, as price stands above 20 SMA while indicators aim higher above their midlines. Market will likely wake up with US opening and ISM data, later today, although full volume won’t be back until Tuesday. Above 1.2840 recovery may extend up to 1.2880/1.2910, but selling pressure is expected to resume if the area is reached.



Support levels: 1.2790 1.2750 1.2720



Resistance levels: 1.2840 1.2880 1.2910



GBP/USD Current price: 1.5205


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The GBP/USD maintains the positive tone, although capped so far by 1.5220 strong static resistance level. Having spent most of these last few days in consolidation mode, the hourly chart shows indicators heading slightly higher in neutral territory, as the pair needs to establish above mentioned resistance to be able to extend its gains. In the 4 hours chart technical readings remain in positive territory, but showing no momentum either side of the board. Key support remains around 1.5170, and the upside is favor as long as price stands above it.



Support levels: 1.5170 1.5130 1.5090  



Resistance levels:  1.5230 1.5260 1.5300



USD/JPY Current price: 93.61


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Yen is the overall winner today, having extended its gains against the greenback to 93.26. Dollar recovery attempt was not enough to bring price back above 94.00, and the lower low daily basis, supports a deeper correction for USD/JPY. For the short term, the hourly chart shows 100 SMA acted as dynamic resistance, currently around 94.20, and approaches to the area should be considered selling opportunities; indicators head south in negative territory, supporting the dominant trend, with scope now for a slow but steady ride towards the 92.00 level for this week. 



Support levels: 93.50 93.20 92.80



Resistance levels: 93.85 94.20 94.45 



AUD/USD: Current price: 1.0403


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The AUD/USD fell to 1.0384 on Chinese PMI readings, but managed to bounce back above the 1.0400 mark, still trading below 1.0440 static resistance level. The hourly chart shows indicators mostly neutral, while in bigger time frames  the bearish tone persists, as 20 SMA caps the upside while indicators hold in negative territory. Still a break below 1.0360 is needed to confirm a downside continuation in the pair, with 1.0300/30 then at sight.



Support levels: 1.0390 1.0360 1.0330



Resistance levels: 1.0440 1.0480 1.0520









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