EUR/USD Current price: 1.2858


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Markets returned to full volume and dollar is the main winner this Tuesday: US consumer confidence upbeat expectations rising to 76.2, highest in over 5 years. The pair felt to a daily low of 1.2851, , and found short term sellers around 1.2880 during the American session, entering Asia with a clear bearish tone according to the hourly chart, as 20 SMA gains bearish momentum above current price while indicators head south below their midlines. In the 4 hours chart technical readings turned also bearish, although buyers had been aligned in the 1.2800/40 area lately: price needs to break below this area to confirm a downward continuation, towards 1.2745, past November low, ahead of 1.2660. 



Support levels: 1.2840 1.2800 1.2745



Resistance levels: 1.2885 1.2920 1.2950 



EUR/JPY Current price: 131.49


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Yen suffered past Asian session from Nikkei recovery, with the EUR/JPY soaring initially to 132.12, before giving up ground on EUR weakness. The hourly chart shows price in between 100 and 200 SMA’s while indicators lose bearish potential right around their midlines. In bigger time frames technical indicators present a neutral stance, hovering around their midlines, and despite latest recovery, further gains remain limited. Price needs to consolidate and extend beyond 132.00 to be able to continue advancing, while range trading continues to be favored among these two weak currencies.



Support levels: 131.00 130.60 130.20



Resistance levels: 132.00 132.65 133.10



GBP/USD Current price: 1.5035


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The GBP/USD failed again at the 1.5130 level falling heavily in US hours down towards current levels and maintaining a strong bearish momentum according to the hourly chart, as indicators head south below their midlines while 20 SMA gains bearish slope above current price. In the 4 hours chart technical readings also support a downward continuation, with immediate support not around 1.5013, past week low. An acceleration below 1.5000 key psychological figure, should expose the 1.4920 next strong support today.



Support levels: 1.5010 1.4990 1.4940



Resistance levels: 1.5070 1.5100 1.5130 



USD/JPY Current price: 102.38


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The USD/JPY maintains the bullish momentum as US markets close, with US 10Y yields surged above 2.10% today, helping dollar advance regardless stocks last hour retracement. The hourly chart shows price firming up above 100 and 200 SMAs, while indicators bounce higher in positive territory. Price also regained the 23.6% retracement of this month fall, immediate support now around 102.15. In bigger time frames, technical indicators are also recovering the upside, supporting further advances in the pair, and a retest of recent highs around 103.60.



Support levels: 102.15 101.80 101.50 



Resistance levels 102.60 103.00 103.35



AUD/USD: Current price: 0.9617


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The AUD/USD eases towards its daily low as US session comes to an end, set past Asian session at 0.9595. The hourly chart shows price extending below a flat 20 SMA while indicators are slightly bearish, although standing in neutral territory. In the 4 hours chart price retraces from its 20 SMA, that lost past week strong bearish slope and slowly turns flat, still acting as dynamic resistance, while indicators turn lower below their midlines. The bearish trend remains strongly in place in the pair, although an acceleration pass through 0.9590 support is now required to confirm another leg down. 



Support levels:  0.9590 0.9540 0.9500



Resistance levels: 0.9660 0.9700 0.9740 















































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