EUR/USD Current price: 1.2937


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Little or nothing is going on across the FX board today, with the UK and the US both on holidays. The EUR/USD trades in between 1.2914 and 1.2950 since early weekly opening, and will likely remain in the range for the rest of the day. Asian opening may bring some action, but it won’t be until next European session that volume will return. As for the hourly chart, indicators remain flat around their midlines, reflecting the lack of action, as price hovers around 20 SMA. In bigger time frames, the pair maintains the bullish stance, although losing momentum at the time being. 



Support levels: 1.2920 1.2885 1.2840 



Resistance levels: 1.2950 1.3000 1.3040



GBP/USD Current price: 1.5114


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The GBP/USD trades near its daily low after posting a daily high of 1.5155, turning short term bearish despite the lack of momentum according to the hourly chart that shows indicators heading south in negative territory and price below its 20 SMA. However, price remains hovering around the 1.5130 Fibonacci level, with no actual strength either side of the level since past Friday. A clear acceleration either side of the Fibo is now needed to set a clearer trend for the pair, quite unlikely to happen today.



Support levels: 1.5070 1.5020 1.4990 



Resistance levels: 1.5130 1.5175 1.5210



USD/JPY Current price: 100.96


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The USD/JPY maintains the negative tone, trading below 101.20 area, 38.2% retracement of this month rally. Nikkei falling steadily past Asian session kept yen strong against its major rivals, with the USD/JPY now finding some buyers in the 100.60/80 area, but holding a bearish stance in the hourly chart, as 100 SMA crossed below 200 one, first time since May 7th while indicators stand below their midlines. The pair will likely maintain the 100.60/101.30 range until market recovers full volume with Asian opening.



Support levels: 100.80 100.50 100.10



Resistance levels 101.20 101.60 102.10



AUD/USD: Current price: 0.9624


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The AUD/USD tests its daily lows after a brief attempt of recovery was halted around 0.9660. Despite the  slow motion in markets today, the bearish trend of the pair continues developing, with little scope to advance, as  US futures trade in red. The hourly chart shows a pretty neutral stance, while in the 4 hours chart technical readings still hold to the negative bias.  



Support levels: 0.9570 0.9530 0.9500



Resistance levels: 0.9660 0.9710 0.9740 















































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