EUR/USD Current price: 1.3331


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Big day in the US today, with GDP increasing to 1.7% (fair warning, based on a whole new way of calculating it) and ADP survey showing the economy may have created around 200K new jobs this July. And afterwards, the FED: early dollar gains were erased after the Central Bank maintained its economic policy unchanged, and gave no tips on QE tapering. The EUR/USD hourly chart shows price standing near the daily high of 1.3342, with indicators slightly exhausted to the upside but still in positive territory. The 4 hours chart shows price accelerating above 20 SMA while indicators head north above their midlines, supporting an upward continuation on the pair. Movements however may remain limited ahead of ECB tomorrow in the European morning. 



Support levels: 1.3310 1.3250 1.3210



Resistance levels: 1.3345 1.3380 1.3420



EUR/JPY Current price: 130.32


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The EUR/JPY surged on the back of positive early data, but now eases as yen gathers strength after the FED. The hourly chart shows price barely holding above a still bearish 100 SMA while indicators turn lower still above their midlines. In the 4 hours chart the pair presents a neutral stance, giving not much clues on direction. For the short term, the levels to watch are 130.00 to the downside and recent highs around 130.80 to the upside, as only a clear break of either extreme will set the tone of the upcoming sessions, with the downside favored at the time being. 



Support levels: 130.00 129.60 129.25 128.80



Resistance levels: 130.80 131.20 131.70



GBP/USD Current price: 1.5226 


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The GBP/USD gained some ground after testing 1.5118 early US session, standing 100 pips above the level, and slightly bullish according to the hourly chart, with indicators crossing their midlines to the upside and price above 20 SMA. In the 4 hours chart technical indicators barely correct oversold readings, with price standing below 200 EMA around 1.5270 and key resistance level: only above it the pair will lose the bearish tone gained these last few days. 



Support levels: 1.200 1.5150 1.5110 



Resistance levels:  1.5270 1.5310 1.5340 



USD/JPY Current price: 97.85


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Again rejected form 98.50 100 DMA, the USD/JPY turned back south, trading below 98.00 and with the hourly chart showing a strong bearish tone, as indicators got into negative territory while price failed to overcome its 100 SMA. The downside is still favored, although a break below 97.60 low is now required to confirm a new leg down eyeing in the midterm, 93.70 past June low.



Support levels: 97.60 97.20 96.80



Resistance levels: 98.10 98.45 98.80 



AUD/USD Current price: 0.8990


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Australian dollar remains the weakest currency of the board, unable to recover ground despite dollar negative tone, capped by 0.9010 area. Trading below former low, and having set a new multi-month one at 0.8934 today, the hourly chart shows price unable to overcome 20 SMA as indicators correct higher, still in negative territory. In the 4 hours chart indicators continue to head lower despite in oversold territory, reinforcing the bearish dominant trend. Upward corrections up to 0.9070 should provide selling opportunities as well as a break below mentioned low.



Support levels: 0.8940 0.8900 0.8870



Resistance levels:   0.9010 0.9030 0.9070















































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