EUR/USD Current price: 1.3079


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The EUR/USD remains well anchored to its range, and seems there are is not much to do about it: a daily run up to 1.3131 after much better than expected German factory orders was quickly erased with US opening, in a risk-turn-around move across all boards. Stocks turned negative, dollar accelerated higher, and gold fell towards $ 1441/oz. It did not take long however, before US stocks bounced strongly up to fresh record highs, mounted on strong demand as it has been happening for the last couple of weeks. The EUR/USD however, was unable to follow the moved, and traded ever since steadily around 1.3080.



Beyond technical readings, the 1.3040/1.3150 remains well covered by orders at the extremes, and playing in between is the name of the game. On a wider outlook however, the pair needs to break either above 1.3225, or below 1.2970, both Fibonacci levels, on a daily basis to set a clearer tone ahead. 



Support levels: 1.3070 1.3040 1.3000



Resistance levels: 1.3115 1.3144 1.3190 



EUR/JPY Current price: 129.54


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Yen gathered some temporal strength against most rivals, following the revision of Japan Q4 GDP, discovered by accident: annualized nominal GDP was corrected to -0.5% from -1.3%, among other huge revisions due to initial miscalculations. However, the overall positive sentiment that took over markets mid American session, prevented the pair from falling further. Ahead of Asian opening, the hourly chart shows price heading south and nearing 129.20, base of these last few days. The pair has set a triple roof in the 130.40 price zone, and a break below mentioned low, neckline of the figure, should anticipate further slides in the pair, towards 128.40 for this Wednesday.



Support levels: 129.20 128.80 128.40



Resistance levels: 129.90 130.30 130.80 



GBP/USD Current price: 1.5478


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GBP/USD eased as expected, reaching a daily low of 1.5450 before bouncing slightly higher, unable however to recover the 1.5500 mark. The hourly chart shows indicators correcting extreme oversold readings, although price holds near the daily low and below a bearish 20 SMA, anticipating further falls. In the 4 hours chart a strong bearish momentum prevails, with 20 SMA now capping the upside around 1.5530; strong next support comes at 1.5420, 38.2% retracement of its latest daily fall. Sellers are now aligned at the 1.5490 area, and as long as below, bears will remain in control.



Support levels:  1.5450 1.5420 1.5380



Resistance levels: 1.5490 1.5530 1.5580 



USD/JPY Current price: 99.02


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Despite ending lower, the USD/JPY manages to close the day above the 99.00 mark, finding buyers on dips towards immediate short term support at 98.80. The hourly chart shows indicators heading lower in neutral territory, although 100 SMA heads higher around 98.40/50, offering short term support. In the 4 hours chart technical readings had turned flat in positive territory, reflecting the lack of buying interest around current levels. Only steady gains above 99.45 will see the pair recovering the bullish momentum, although below 98.80 the intraday outlook turns more firmly bearish.



Support levels: 98.80 98.40 98.10 



Resistance levels: 99.45 99.70 100.00



AUD/USD: Current price: 1.0181


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Aussie fell to a fresh low of 1.0154 against the dollar, weighted by RBA rate cut and gold slide. The dominant bearish trend remains in place, with parity now as a possibility for this month. In the short term the hourly chart shows price below a bearish 20 SMA, while indicators corrected oversold readings, and retreat from their midlines: a recovery above 1.0190 may see further upward corrections, but sellers will now be ready in the 1.0220/60 area. In the 4 hours chart technical readings remain bearish, supporting the shorter term view.



Support levels: 1.0150 1.0110 1.0080



Resistance levels: 1.0220 1.0260 1.0300 



































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