EUR/USD Current price: 1.2968


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With not much fundamental data to take care about, traders found themselves rushing towards the greenback with the beginning of the US session, as USD/JPY triggered stops and run above 100.00. The EUR did not had it easy either, as a second minister resigned in Portugal, and IMF is ready to halt payments to Greece, although Spain unemployment figures show a strong improvement, mostly due to seasonal factors. 



Trading at fresh 4 week lows, the pair has reached so far 1.2962, and trades barely above with a strong bearish momentum in the hourly chart that supports further slides ahead: the 1.2940/50 area has probe strong in the past, so some buying interest could surge on approaches to it. However, if price manages to break below, there’s’ scope for a continuation towards 1.2880 price zone. Sellers will now surge on approaches to 1.30 figure.



Support levels: 1.2945 1.2910 1.2880



Resistance levels: 1.2980 1.3010 1.3050



EUR/JPY Current price: 130.42


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The EUR/JPY reached 131.10 on yen selloff, but eased some on EUR weakness, trading however in positive territory ahead of the day end. The hourly chart shows 100 SMA no above 200 one, still quite close but anticipating further advances, while indicators turn lower from overbought readings still in positive territory. A break below 130.00 however, will deny the possibility of a recovery, with price pointing then for a retest of 128.80 support. 



Support levels: 129.90 129.30 128.80 



Resistance levels: 130.50 131.00 131.60



GBP/USD Current price: 1.5152


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Trading at its lowest level since mid May, the GBP/USD broke below the 78.6% retracement of its latest daily run, in the 1.5165 level, and remained capped below for most of the past session. The hourly chart shows price holding barely above the daily low of 1.5135, with technical indicators standing flat in negative territory and 20 SMA with a strong bearish slope holding above current price. In the 4 hours chart 20 SMA caps the upside around 1.5215, while indicators also lack direction. A break below 1.5140 is now required to confirm another bearish leg, still eyeing 1.50 figure for the upcoming sessions. 



Support levels: 1.5140 1.5100 1.5060



Resistance levels: 1.5165 1.5215 1.5250 



USD/JPY Current price: 100.60


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The USD/JPY spent most of the last session consolidating its break above 100.00 having found resistance as expected in the 100.70 price zone. The hourly chart shows indicators exhausted to the upside and turning lower still in overbought territory, anticipating a limited correction lower ahead of more gains. In bigger time frames technical readings maintain a strong bullish momentum, with 101.40 now possible short term target on a break to fresh highs.



Support levels: 100.00 99.65 99.20



Resistance levels: 100.70 101.10 101.45



AUD/USD: Current price: 0.9145


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The AUD/USD trades barely unchanged from its US opening, holding around 0.9150 still under pressure as price seems unable to regain some ground despite indicators in the hourly chart corrected higher, which suggest little or no buying interest around. In the 4 hours chart technical readings maintain the negative bias, with recent low of 0.9110 as immediate support to break to confirm a continuation of the dominant trend. 



Support levels: 0.9110 0.9060 0.9020



Resistance levels: 0.9170 0.9200 0.9250















































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