EUR/USD Current price: 1.3154


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It is no news stocks in US are trading again at record high, but is the lack of follow trough in the forex market should be to say the least, disturbing. The EUR/USD has surged back again above 1.3100, but an approach to the 1.3200 area has again attracted sellers, and had spent most of the American afternoon retreating from mentioned high.  Ahead of the Asian opening, the hourly chart shows indicators easing from overbought readings, although well above their midlines, while 20 SMA heads higher below current price. In the 4 hours chart technical readings had entered positive territory, yet the risk reward ratio of buying at current levels seems not really good: selling interest is aligned in between 1.3190/1.3225 and unless a clear break above this last, there’s no room for bullish strength.



Support levels: 1.3150 1.3115 1.3070



Resistance levels: 1.3190 1.3225 1.3260



EUR/JPY Current price: 130.15


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The EUR/JPY managed to recover the 130.00 level, mostly due to Euro strength, as despite stocks soaring yen bears remain on hold. The hourly chart shows price aiming higher despite technical readings turned lower in positive territory, while 100 SMA continues advancing, currently around 129.50, offering some intraday support. With a triple roof in the 130.40 area, the level should attract sellers if reached, although stops are likely right above, and if those get triggered, a strong upward continuation is likely for this Thursday.



Support levels: 129.90 129.50 129.20 



Resistance levels: 130.40 130.95 131.50



GBP/USD Current price: 1.5537


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The GBP/USD reached 1.5590 today, although was unable to sustain gains  and fell back to current 1.5540 strong area. The retracement seems more due to quick profit taking than anything else, as investors are still unsure on what to do next. The hourly chart, shows indicators pulling lower from extreme overbought readings, while in bigger time frames, the pair has recovered part of its bullish momentum: indicators head strongly up and ready to cross their midlines, while 20 SMA offers support right below current price. If price however, continues retracing below 1.5520, the upside will be denied with a break below 1.4490 bringing back selling interest to the pair.



Support levels:  15490 1.5450 1.5420 



Resistance levels: 1.5535 1.5580 15610



USD/JPY Current price: 98.95


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The USD/JPY saw a daily low of 98.57, bouncing with stocks momentum, still below the 99.00 mark. The hourly chart shows indicators flat around their midlines, as price struggles to overcome a bullish 100 SMA: an acceleration above 99.10 should signal more short term gains although 99.45/70 should again attract sellers or at least force profit taking. In bigger time frames technical outlook remains neutral, giving not much clues on direction for today.



Support levels: 98.50 98.10 97.70



Resistance levels: 99.10 99.45 99.70 



AUD/USD: Current price: 1.0166


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The AUD/USD maintains the negative bias, trading around yesterday’s low of 1.0154, despite commodities also surged this Wednesday. RBNZ statement yesterday, about having been intervening forex market along with the announcement of a possible rate cut in New Zealand, weighted in the already bearish Aussie: ahead of Asian opening, the hourly chart shows indicators heading south below their midlines, and price standing below 20 SMA, while the 4 hours chart the outlook is still technically bearish: a break below 1.0150 should expose parity for the upcoming sessions.



Support levels: 1.0150 1.0110 1.0080



Resistance levels: 1.0220 1.0260 1.0300 





































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