EUR/USD Current price: 1.3568


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Despite posting a fresh 4 week high of 1.6312, the EUR/USD trades right around yesterday’s Asian opening, having been unable to extend its rally. The hourly chart shows price below its 20 SMA and indicators heading lower in negative territory, giving some signs of easing among buyers, albeit price remains above a first ascendant speed line currently around 1.3530 and immediate short term support. In the 4 hours chart technical readings hold in positive territory, although losing upward potential and slowly turning south. Another leg higher depends on the ability of the pair to accelerate beyond 1.3620 now, eyeing then 1.3660 price zone.


Support levels: 1.3530 1.3490 1.3440


Resistance levels: 1.3620 1.3660 1.3710



EUR/JPY Current price: 138.59


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Yen crosses advanced further mounted on markets positive mood, sending EUR/JPY up to 138.78 multi years high. The hourly chart shows price well above moving averages, while indicators turn south from extreme overbought readings still well above their midlines, with former high around 137.90 now as strong support and probable buying level. In the 4 hours chart momentum turns back north above its midline, suggesting the pair may extend its gains particularly if local share markets maintain the upward tone. 


Support levels:  138.40 137.90 137.40 


Resistance levels: 138.80 139.20 139.65



GBP/USD Current price: 1.6276


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The GBP/USD soared on positive UK GDP readings, reaching 1.6329 against the greenback, levels not seen since early this year. The hourly chart shows the pair pulled back to 1.6250 strong static support level over the last few hours, recovering ground from there and with indicators turning back higher after correcting overbought readings. The 4 hours chart shows the positive tone remains although losses momentum. Nevertheless, as long as above mentioned area the upside is favored in the short term, with renewed buying interest above mentioned high pointing for an advance up to 1.6380.


Support levels: 1.6250 1.6215 1.6170


Resistance levels: 1.6290 1.6330 1.6380



USD/JPY Current price: 102.12


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102.18 is the high posted by USD/JPY so far, and the pair spent most of this American afternoon consolidating nearby. Earlier this Wednesday, the pair found support in its 100 SMA according to the hourly chart, currently offering dynamic support around 101.40;  indicators in the same time frame turn slightly lower near extreme overbought readings, but the 4 hours chart shows indicators heading strongly up, suggesting downward corrective movements will remain limited. Approaches to mentioned 101.40 area are now seen as buying opportunities, while 102.50, late May high is the level to overcome to confirm further gains.


Support levels: 101.90 101.60 101.15 


Resistance levels: 102.20 102.50 102.90



AUD/USD Current price: 0.9076


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Aussie continued its constant bleeding, having fell down to 0.9063 against the greenback this Wednesday and maintaining the strong bearish tone according to technical readings: the hourly chart shows price well below a bearish 20 SMA as indicators head south in negative territory, while the 4 hours chart shows indicators also heading south in negative territory after correcting the extreme oversold levels reached earlier this week.


Support levels: 0.9060 0.9020 0.8980


Resistance levels: 0.9120 0.9160 0.9210 















































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