EUR/USD Current price: 1.3040


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Disappointing US data sent EUR/USD to fresh highs above 1.3040, as a downward revision of GDP along with increasing unemployment claims diminished chances of tapering QE in the US. The pair finally overcame selling interest around 1.3000 and triggered stops, rising near 1.3050 at the time being, and maintaining a strong upward momentum according to the hourly chart, with price accelerating above a bullish 20 SMA and indicators bouncing higher from their midlines. 1.3000 will now attract buyers, while immediate resistance stands around 1.3060: once above, the pair has scope to extend up to 1.3100.



Support levels: 1.3000 1.2960 1.2920 



Resistance levels: 1.3060 1.3100 1.3140



GBP/USD Current price: 1.5179


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The GBP/USD advance remains limited by daily high set early Europe around  1.5197, but the GBP/USD maintains the positive tone after US opening, with price steady above 20 SMA and indicators bouncing higher after testing their midlines. In the 4 hours chart technical readings stand in positive territory, although showing no upward momentum. A break above daily high should favor a test of the 1.5220/30 area, 50% Fibonacci retracement, while the downside will likely remain limited now by buying orders around 1.5130.



Support levels: 1.5130 1.5085 1.5045 



Resistance levels: 1.5195 1.5220 1.5260



USD/JPY Current price: 101.20


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The USD/JPY goes back and forward with headlines today, having set a fresh weekly low of 100.46 early Europe. The pair maintains the negative tone after US data, with price back below 100 SMA and indicators heading south and nearing their midlines. However, buyers are still appearing in the 101.00 level, and further slides seem limited with US stocks running up. While the downside is favored, a break below daily low is now required to confirm a downward continuation towards 99.70 main bearish target.



Support levels: 101.00 100.65 100.20 



Resistance levels 101.25 101.60 101.95















































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