EUR/USD Current price: 1.3258


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The EUR/USD retraces from a daily high of 1.3296 ahead of US opening, trading in a quiet range with no news around so far to motivate traders. The hourly chart shows price below 20 SMA and indicators below their midlines, although 1.3250 stands as strong support and only below it the pair may ease further. In the 4 hours chart on the other hand, the pair maintains a positive tone that favors the upside, although a clear breach of 1.3300 is now required to confirm further advances.



Support levels: 1.3255 1.3210 1.3170



Resistance levels: 1.3295 1.3330 1.3365



GBP/USD Current price: 1.5393


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Pound extended its advance up to 1.5432 with the hourly chat showing momentum diverging from price action and quickly approaching the 100 level as price founds support in a still bullish 20 SMA. Further falls should signal a downward correction in the pair, with a break below 1.5370 seeing a bearish leg down to 1.5330 price zone. In the 4 hours chart technical readings maintain a neutral stance, overall positive.



Support levels: 1.5370 1.5330 1.5290



Resistance levels: 1.5410 1.5445 1.5480



USD/JPY Current price: 98.35


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Better than expected Japanese data that suggest the country is finally recovering, along with dollar weakness and stocks nose diving across the word, are putting the USD/JPY under strong selling pressure, with the pair trading approaching this month low of 98.17. The hourly chart presents a strong bearish tone that supports market sentiment, with scope now to test 97.70 area today.



Support levels: 98.20 97.70 97.30



Resistance levels: 98.80 99.25 99.70 



AUD/USD Current price: 0.9254


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Australian dollar found again sellers around the 0.9300 level, with price now aiming to recover from this session low of 0.9240. The hourly chart shows indicators heading lower, approaching their midlines and current candle developing below its 20 SMA. The 4 hours chart shows indicators retracing from their midlines while price develops above its 20 SMA, leaving a mixed outlook in the pair.



Support levels:  09220 0.9180 0.9135 



Resistance levels:   0.9270 0.9310 0.9350















































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