EUR/USD Current price: 1.2944


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Market opens where it left on Friday as the weekend bring no major events. And with London and New York on holidays this Monday, market will likely remain extremely thin. The EUR/USD hourly chart shows price steady around a flat 20 SMA, while indicators hover around their midline, signaling the little volume around since past American session over the long weekend. However, a slightly positive tone persists with price finding buyers on dips towards 1.2900 area. In the 4hours chart, the outlook is quite similar from the technical point of view, although selling interest is still firm in the 1.3000 area.



Support levels: 1.2920 1.2885 1.2840 



Resistance levels: 1.2950 1.3000 1.3040



EUR/JPY Current price: 130.86


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Ahead of BOJ Minutes that are expected to bring no news, the EUR/JPY remains under pressure, trading below 131.00 and with the hourly chart showing price well below 100 and 200 SMAs, both around 132.00 and indicators heading south below their midlines. Range trading however remains the name of the game, although the range has moved lower to 130.00/132.00 area. 



Support levels: 130.60 130.00 129.40



Resistance levels: 131.00 131.50 132.00



GBP/USD Current price: 1.5129


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Despite its latest recovery, the GBP/USD is still struggling to overcome the 1.5130 area, 61.8% retracement of its latest daily bullish run. The hourly chart shows price above 20 SMA and indicators heading higher in positive territory, yet with no actual strength at the time being. In the 4 hours chart price has managed to overcome a still bearish 20 SMA while indicators head higher above their midlines, supporting an upward continuation. Still with low volumes around and with no follow trough above the resistance level, there are no technical confirmations of such advance. 



Support levels: 1.5070 1.5020 1.4990 



Resistance levels: 1.5130 1.5175 1.5210



USD/JPY Current price: 101.12


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Trading around Friday’s close, the USD/JPY is in the middle of a battle, with bears gaining ground but bulls not yet ready to give up. The hourly chart shows price struggling around the 38.2% retracement of this May bullish run, with 100 SMA crossing upside down 200 one above current price, showing the increasing bearish potential. Technical indicators in negative territory do not help the bullish case either, but the pair has been so far finding buyers on dips towards 100.80: a break below this last should open doors for a deeper correction, with the 99.70 area then at sight for this week.



Support levels: 100.80 100.30 99.70



Resistance levels 101.20 101.60 102.10



AUD/USD: Current price: 0.9631


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Aussie maintains the bearish bias, easing from the opening level of around 0.9660, and with the hourly chart showing price below 20 SMA as indicators stand in negative territory. In the 4 hours chart technical readings are strongly bearish, with immediate support at 0.9572 past Friday low. Recoveries will remain as selling opportunities up to 0.9770 price zone.



Support levels: 0.9570 0.9530 0.9500



Resistance levels: 0.9660 0.9710 0.9740 
















































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