EUR/USD Current price: 1.3242
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Thursday was not about risk sentiment, when it comes to EUR/USD: it was just about self weakness/strength. German unemployment figures came out pretty bad, while US Advanced GDP printed 2.5%, sending the pair down to 1.3218 in the US session. Ahead of the Asian opening, the pair has barely corrected extreme oversold readings reached in the hourly chart, but maintains the strong bearish tone in the 4 hours one still aiming to test 1.3180 static support. Recoveries will likely remain capped by the 1.3300 level, but a break below mentioned 1.3180 is required to confirm a downward continuation today.
Support levels: 1.3235 1.3180 1.3140
Resistance levels: 1.3300 1.3345 13390
EUR/JPY Current price: 130.10
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The EUR/JPY maintains the range, holding barely above 130.00. US news triggered a yen negative spike all across the board, but was not enough to affect the pair. As for the short term, the hourly chart shows indicators hovering around their midlines, but 100 SMA crossing 200 one to the downside above current price which suggest further falls ahead. Bigger time frames also present a neutral stance, with 130.60 as immediate resistance to break to see some recoveries in the pair.
Support levels: 129.80 129.35 128.80
Resistance levels: 130.60 131.00 131.55
GBP/USD Current price: 1.5498
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Little changed, the GBP/USD spent most of the day struggling to regain the 1.5500 level, unable to detach from the level. As for the technical readings, the hourly chart, shows 20 SMA capping the upside now around 1.5510, while indicators turned flat in negative territory. In the 4 hours chart the technical picture is also undefined, with 20 SMA heading lower above current price and indicators aiming higher in negative territory. Price needs to break below 1.5440/50 area to confirm a downward continuation while a price acceleration above 1.5550 area will suggest some short term upward pressure in the pair.
Support levels: 1.5445 1.5400 1.5360
Resistance levels: 1.5520 1.5550 1.5595
USD/JPY Current price: 98.25
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The recovery attempt of the USD/JPY halted at 98.51 daily high, from where the price retraced some, still intraday positive and mostly supported by US indices edging higher. The hourly chart shows 100 and 200 SMAs converging around 98.00, offering short term dynamic support, while indicators correct lower, still well above their midlines. Some relief all across the world will probably limit local share markets slide and therefore yen gains, but the upside is still seen limited: a daily descendant trend line coming from 103.72 this year high, stands today around 98.90 along with the 100 DMA, and only a clear advance beyond it will be enough to overcome the strong selling interest waiting on spikes.
Support levels: 97.90 97.50 97.20
Resistance levels: 98.50 98.85 99.20
AUD/USD Current price: 0.8929
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The AUD/USD spent most of the past two sessions consolidating in a limited range, having bottomed around 0.8914. As for the hourly chart, momentum heads south below its 100 level, while 20 SMA stands flat around 0.8950, offering short term resistance, suggesting the downside remains exposed. In the 4 hours chart the pair is also biased lower, with a break below 0.8891, this week low required to see an extension of current bearish trend.
Support levels: 0.8910 0.8885 0.8840
Resistance levels: 0.8935 0.8980 0.9020
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EUR/USD: Poised to extend the slide
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