EUR/USD Current price: 1.3532


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Not much has happened in the US afternoon, with majors consolidating in tight ranges. And is not just European Central Banks tomorrow, but the employment data due on Friday what market players are holding their breath for this time: lately, US macro numbers had been disappointing, arising some doubts about pricing in the promised next round of tapering for February. However, if the number outstands dollar will get a boost, as European majors seem unable to regain their foot. The EUR/USD is also dependant of whether the ECB will finally loosen its economic policy as promised, with falling inflation. Trading right above the 1.3500 level, short term charts maintain a quite neutral technical stance, with the key support standing at 1.3476, this year low, and sellers ready to defend 1.3600 in case of recoveries.


Support levels: 1.3510 1.3475 1.3440 


Resistance levels: 1.3520 1.3550 1.3590 



EUR/JPY Current price: 137.19


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The EUR/JPY also presents little change this Wednesday, trading for second day in a row below its 100 DMA around 137.50 and strong dynamic resistance. Short term charts present a slightly positive tone, with the hourly one showing indicators aiming higher in positive territory, albeit 100 SMA heading strongly down above current price, currently around 137.55. But the dominant trend is still bearish as for all yen crosses, with a long way to go to call for a reversal. 


Support levels: 137.00 136.60 136.10 


Resistance levels: 137.50 138.10 138.60



GBP/USD Current price: 1.6309


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The GBP/USD trades within Tuesday range, bouncing again from key 1.6250 area, yet unable to advance beyond 1.6340. Technical, the pair presents a slightly bearish tone, with the hourly chart showing price around its 20 SMA and indicators retracing from their midlines  reflecting little buying interest around. In the 4 hours chart, recovery attempts stalled around 20 SMA, while indicators head higher still below their midlines, rather following latest upward correction than suggesting more gains ahead.


Support levels: 1.6250 1.6210 1.6175


Resistance levels: 1.6340 1.6385 1.6430



USD/JPY Current price: 101.32


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The USD/JPY remains unchanged from the last update, maintaining the 101.00 area and with the triple floor intact at 101.70. The hourly chart however presents a clear bearish tone according to technical readings, with indicators heading lower below their midlines and moving averages maintaining their bearish slopes above current price. As long as below 101.70/80 area, bears will maintain control of the pair, looking for a test of the key 100.00 figure.


Support levels: 101.10 100.60 100.20


Resistance levels: 101.80 102.10 102.40
















































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