EUR/USD Current price: 1.3059


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Week started slowly but with dollar shedding some of its Friday’s gains against most rivals, with gold and stocks advancing weighting on the greenback, and not much more. The EUR/USD advanced up to 1.3066, holding around the 61.8% retracement of its latest bullish run. The level had attracted sellers in the past, but interest recedes as price holds nearby unable to pullback. The hourly chart shows price holding above a bullish 20 SMA, while indicators stand in positive territory although lacking strength. In the 4 hours chart technical readings maintain a neutral stance, giving no clues on direction. Price may extend up to 1.3130 if price accelerates above the Fibonacci level, although further consolidation above 1.3000 should be expected ahead of key data later this week.



Support levels: 1.3045 1.3020 1.2980 



Resistance levels: 1.3090 1.3130 1.3165



EUR/JPY Current price: 130.20


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Yen eased further across the board, finding support in a positive US PMI reading, although lacking strength at the time being, despite slowly grinding higher. Above key 130.00 level,  the hourly chart shows 100 and 200 SMAs converging around 128.40, with the shorter one aiming to break above the larger which should support further gains in the pair; bigger time frames show technical readings slightly exhausted to the upside, yet with price holding near the daily high, chances of a retracement are still low. If local share markets follow their overseas partners, the pair may continue advancing, with 131.00 now at sight.



Support levels: 129.90 129.30 128.80 



Resistance levels: 130.50 131.00 131.60



GBP/USD Current price: 1.5219


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The GBP/USD hardly reacted to market woes, trading flat most of this first day of the week. The hourly chart shows price around a horizontal 20 SMA, while indicators head slightly lower in neutral territory. 4 hours chart shows sellers aligned in the 1.5250 area, while 20 SMA stands around the same level, acting as strong resistance; indicators hold the negative bias, giving little scope for rises. A price acceleration above 1.5260 should favor an advance towards 1.5300 area, while below 1.5180 the downside is favored towards fresh lows. 



Support levels: 1.5180 1.5140 1.5100



Resistance levels: 1.5250 1.5310 1.5345 



USD/JPY Current price: 98.63


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Despite having advanced up to 99.85, the USD/JPY traded in a lackluster range of 30 pips for most of the last two sessions. The hourly chart shows price easing some from the high, while moving averages head higher well below current price and indicators stand flat in positive territory. In bigger timeframes and despite the lack of momentum, indicators hold in positive territory, supporting an upward continuation, although price needs to break above 100.00 to confirm the advance.



Support levels: 99.45 99.10 98.80



Resistance levels: 100.00 100.35 100.70



AUD/USD: Current price: 0.9230


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Australian dollar saw some relief, recovering above 0.9200 against the greenback, and maintaining the positive bias at least in the short term, with price well above a bullish 20 SMA and indicators standing in positive territory. In the 4 hours chart however, price remains capped by 20 SMA barely above current price, while indicators head north still below their midlines. A steady continuation above 0.9250 should anticipate more advances, yet back below 0.9200 the downside is exposed back towards 0.9100.



Support levels: 0.9190 0.9150 0.9110



Resistance levels: 0.9235 0.9270 0.9310
















































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