EUR/USD Current price: 1.3550


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The EUR/USD starts the week where it left, steady above the 1.3500 level and maintaining the slightly positive tone holding nearby 1.3550 Friday highs. The hourly chart shows indicators in overbought territory, giving some signs of exhaustion although 20 SMA maintains a strong bullish slope below current price leaving little room for downside corrections. In the 4 hours chart however, technical readings present a strong upward momentum, with price above its 200 EMA which now offers intraday dynamic support around 1.3520. Despite the positive short term outlook, price needs to take over 1.3580, past week high, to be able to extend its rally today eyeing then 1.3660 price zone. 


Support levels: 1.3520 1.3490 1.3450


Resistance levels: 1.3580 1.3625 1.3660



EUR/JPY Current price: 137.27


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Yen weakness remains pretty much intact across the board, with the EUR/JPY holding at multiyear highs. The hourly chart shows indicators losing strength in overbought territory while price stands well above its moving averages, supporting the ongoing upward tone. In the 4 hours chart the upward tone prevails, with scope for an advance up to 138.50 where the pair presents several weekly highs from 2009. Corrective movements should find buyers waiting around 136.60 to keep the upward tone intact. 


Support levels: 137.00 136.60 136.10 


Resistance levels: 137.30 137.85 138.50



GBP/USD Current price: 1.6225


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The GBP/USD gapped higher, holding the overall bullish tone and pointing for a retest of September and October highs around 1.6250 today. The hourly chart shows indicators mostly flat in positive territory, while 20 SMA offers short term support around 1.6200. Despite the lack of momentum in technical indicators, price continued advance suggest there’s scope to test mentioned level and even to extend higher. In the 4 hours chart the tone is also positive, with 1.6380 this year high as probable bullish target once above 1.6250.


Support levels: 1.6185 1.6140 1.6100


Resistance levels: 1.6250 1.6290 1.6250



USD/JPY Current price: 101.28


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The USD/JPY consolidates near the highs, showing little directional strength according to the hourly chart, as price has been stuck in a 50 pips range for most of the last couple days. The hourly chart however, maintains the overall positive tone with price above its moving averages and indicators in positive territory, while the 4 hours chart shows some small bearish divergences. Nevertheless, price needs to break below 100.80 support area to be able to correct lower, while a price acceleration beyond 101.40 highs should support a continued advance towards 103.70.


Support levels: 101.05 100.80 100.35 


Resistance levels: 101.35 101.80 102.30



AUD/USD Current price: 0.9166


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The AUD/USD found a short term floor around 0.9140 and bounces some pips after 3 days of steady losses. Still, the hourly chart shows price has not much intentions of continue higher, with price capped below a strongly bearish 20 SMA and indicators heading back lower after correcting oversold readings. In the 4 hours chart indicators aim higher still in extreme oversold territory, suggesting some upward corrections ahead, with sellers now waiting around 0.9220.


Support levels: 0.9140 0.9110 0.9060


Resistance levels: 0.9190 0.9220 0.9260 
















































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