EUR/USD Current price: 1.3550


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The EUR/USD trades at its lowest level in a week, pressured since Wednesday´s FED decision to taper another $10B, and fueled by quite negative German inflation readings that suggest the EU gets deeper into the deflationary path. Despite stocks took a breath and recovered some ground, the EUR was unable to set foot, and ahead of Asian opening, the hourly chart shows the bearish momentum persists, with indicators holding in oversold levels and 20 SMA accelerating down well above current price, now around 1.3610. In the 4 hours chart the technical bias is also strongly bearish, with recoveries up to 1.3610/20 area seen as selling opportunities now, and pointing for a test of 1.3440 strong static support zone.


Support levels: 1.3550 1.3510 1.3470


Resistance levels: 1.3590 1.3630 1.3675 



EUR/JPY Current price: 139.24


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The EUR/JPY shed more ground this Thursday, ending again in red after setting a lower low and a lower high daily basis, maintaining the bearish pressure intact. The hourly chart shows price well below its moving averages, while indicators start retracing from their midlines, while in the 4 hours chart the technical outlook is also negative. Sellers wait in the 139.70/140.00 area now and unless a clear recovery beyond 140.40, the pair will likely extend its slide towards 138.00 price zone.


Support levels: 139.00 138.50 138.20 


Resistance levels: 139.70 140.00 140.40



GBP/USD Current price: 1.6484


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The GBP/USD fell on the back of weak money supply in the UK reported early Europe, while later upward correction remain capped by 1.6520 area, now immediate resistance level. The hourly chart maintains a bearish tone, as per 20 SMA heading lower and offering dynamic resistance around mentioned level, while indicators head lower in negative territory. In the 4 hours chart, early dive to 1.6440 daily low stalled a few pips above 200 EMA currently offering dynamic support around 1.6430 while technical readings maintain a bearish tone: a break below the level, should see a downward acceleration eyeing then 1.6380 as immediate bearish target. 


Support levels: 1.6470 1.6430 1.6380


Resistance levels: 1.6520 1.6550 1.6600 



USD/JPY Current price: 102.63


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Unchanged since last update, the USD/JPY struggles to hold above the 102.60 figure, having seen some relief over this last session. However, the upside remains limited as the hourly chat shows price barely above its 100 SMA while indicators head south approaching their midlines. In the 4 hours chart the pair presents a quite neutral stance with indicators hovering around their midlines and moving averages above current price. The pair is still exposed to the downside, as long as below 103.10 area, with a break below 101.75 still required to confirm a stronger slide ahead.


Support levels: 102.40 101.75 101.40


Resistance levels: 102.75 103.10 103.50



AUD/USD Current price: 0.8744


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The AUD/USD managed to recover some ground also amid easing risk aversion, yet sellers halt the advance in the 0.8800 area. Nevertheless, the pair maintains a positive short term tone, as per price above its 20 SMA in the hourly chart and indicators heading higher in positive territory. In the 4 hours chart the technical stance is still neutral, with price around its 20 SMA and indicators flat in neutral territory, giving not much clues on direction for the short term.  A break below 0.8720 is still required to confirm a bearish continuation in the pair, towards 0.8660 price zone.


Support levels: 0.8720 0.8690 0.8660


Resistance levels: 0.8775 0.8820 0.8850 
















































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