EUR/USD Current price: 1.2929


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While investors still wonder what triggered the dollar selloff a couple hours ago, the EUR/USD still has trouble to firm up above the 1.2950 area, having been as high as 1.2976 in the peak of the run. Profit taking and yen strength on falling stocks are part of the reason of dollar slide, with the JPY leading the way since early week. As for the EUR/USD hourly chart, technical readings maintain a strong upward momentum entering overbought territory, as price retreats ahead of US opening. With buyers aligned around 1.2800/40 and sellers in between 1.2950/30, playing the range until a clearer break seems the name of the game. And with Central Banks and US employment figures next week, there are little chances a clearer trend will be set before those events.



Support levels: 1.2885 1.2840 1.2800 



Resistance levels: 1.2950 1.2990 1.3030



GBP/USD Current price: 1.5035


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The GBP/USD regained all the lost ground, again nearing key 1.5130 Fibonacci resistance, and maintaining a strong upward momentum in the hourly chart, despite disappointing UK retail sales data. Nevertheless, the pair needs to see some follow trough beyond the mentioned resistance to continue advancing and confirm the bullish trend. In the 4 hours chart price stands above a flat 20 SMA while indicators head higher nearing their midlines. 



Support levels: 1.5070 1.5045 1.5010 



Resistance levels: 1.5130 1.5175 1.5210



USD/JPY Current price: 101.33


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USD/JPY fall again strongly finding some buyers on dips below 101.00, but remains the main market driver: failure to extend beyond 102.60 resistance along with falling stocks accelerated the profit taking and sent dollar down across the board. The hourly chart shows price again below 100 and 200 SMAs, with the distance between both widening, supporting a bearish bias for the pair. Technical indicators stand in negative territory while bigger time frames show technical indicators turning south, supporting the shorter term view. Break below 100.65, this week low should anticipate further slides with 99.70 then at sight. 



Support levels: 101.00 100.65 100.20 



Resistance levels 101.25 101.60 101.95



AUD/USD: Current price: 0.9625


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Aussie recovered the ground lost during Asian session, and trades a few pips above the daily opening, still unable to gather upward momentum. The hourly chart shows indicators turning flat after crossing their midlines to the upside, while price stands above 20 SMA that turns flat. In the 4 hours chart price remains capped by a bearish 20 SMA, while indicators remain in negative territory, denying the possibility of further gains.



Support levels:  0.9590 0.9540 0.9500



Resistance levels: 0.9660 0.9700 0.9740 
















































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