EUR/USD Current price: 1.3599


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The EUR/USD holds around a fresh 4 week high of 1.3612 reached in the European morning, maintaining the overall positive tone despite the slow price reaction. The hourly chart shows price finding intraday support in a bullish 20 SMA currently around 1.3580, while indicators stand in positive territory although showing no strength. In the 4 hours chart technical readings present a strong upward tone, as indicators bounce from their midlines and head north. A break above mentioned high should favor a continued advance towards 1.3660, next strong resistance level.


Support levels: 1.3580 1.3550 1.3520


Resistance levels: 1.3620 1.3660 1.3710



GBP/USD Current price: 1.6315


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Pound soared to levels above 1.6300 against the greenback where it stands, as GDP readings supported BOE’s Carney growth outlook. The hourly chart shows price near its high despite indicators are exhausted at overbought territory, as 20 SMA gains bullish slope below current price, which suggests the pair will continue advancing. In the 4 hours chart technical readings present a clear bullish tone, supporting the shorter term view, although some downward corrective movement should not be discarded after the pair advanced over 100 pips since Asian opening. Nevertheless, 1.6250 area should keep the downside limited and attract buyers on approaches.


Support levels: 1.6290 1.6250 1.6215


Resistance levels: 1.6325 1.6350 1.6380



USD/JPY Current price: 101.74


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The USD/JPY finally bounced back near 102.00 on ruling risk appetite, with the hourly chart showing 100 SMA offering intraday support, now around 101.40. In the same time frame, indicators stand in positive territory, although losing momentum, while the 4 hours chart shows CCI heading strongly north and momentum still flat around the 100 level. Price needs now to accelerate above 101.90 to confirm further advances today, eyeing this year high of 103.70 for next week.


Support levels: 101.60 101.15 100.90


Resistance levels: 101.90 102.30 102.75



AUD/USD Current price: 0.9097


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Australian dollar sees no relief these days, trading near the 2 month low posted yesterday at 0.9086. The hourly chart shows indicators heading south and retreating from their midlines, as price stands below the 20 SMA which offers short term resistance around 0.9120. In the 4 hours chart the outlook is also bearish with indicators holding in negative territory after correcting extreme oversold readings. 


Support levels: 0.9060 0.9020 0.8980


Resistance levels: 0.9120 0.9160 0.9210 















































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