EUR/USD Current price: 1.3036


View Live Chart for the EUR/USD


e



The EUR/USD rose as high as 1.3092 this Thursday, mounted on better than expected data across the world: early Europe, increasing UK GDP diluted fears of a triple dip recession for the country, while US weekly unemployment claims improved to 339K. Still the pair has found sellers near the 1.3100 level, retracing most of its early gains and trading back below 1.3040. The hourly chart shows 20 SMA around the level and price breaking lower, while indicators stand above their midlines, with no upward momentum. Overall, range persists, with price now addressing towards the bottom in the 1.2970/1.3000 area, where buying interests wait.  



Support levels: 1.3000 1.2970 1.2925 



Resistance levels: 1.3040 1.3070 1.3115



GBP/USD Current price: 1.5457


View Live Chart for the GBP/USD (select the currency)


g


GBP/USD maintains its upward momentum despite largely overbought in the hourly chart, holding near its daily high of 1.5479. Better than expected UK GDP figures, suggest the economy may not be as bad as suspected, and with market in risk on mood, Pound is the daily choice. Having advanced already over 200 pips today, some consolidation could be expected, but as long as above 1.5420, 38.2% retracement of the latest daily fall, the upside continues to be favored, with scope now no test levels above the 1.55 mark. 



Support levels:  1.5225 1.5190 1.5150



Resistance levels: 1.5280 1.5300 1.5330 



USD/JPY Current price: 99.27


View Live Chart for the USD/JPY (select the currency)


y


The USD/JPY trades lower in range, having tested levels sub 99.00, recovering later on positive US employment data. However the hourly chart shows price being capped by 100 SMA currently around 99.35 and immediate resistance, while indicators stand in negative territory. In the 4 hours chart, technical stance remains neutral, with price set to continue trading within the 98.60/99.70 range.



Support levels: 98.90 98.60 98.20



Resistance levels: 99.35 99.70 100.00 



























New to Forex? Visit our Glossary!