EUR/USD Current price: 1.3793
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Surprise, surprise! The EUR/USD remains stuck around 1.3800, in fact a few pips below it unable again to sustain gains above the key figure, but also refusing to ease, consolidating for most of the last two sessions above the 1.3780 static Fibonacci support. In the hourly chart, the pair maintains a mild bullish tone while the 4 hours chart also presents indicators heading higher in positive territory, but there’s little room for movements until Thursday ECB economic policy decision: the pair will likely find buyers in the 1.3750/80 area, while the upside continues to be limited by several intraday highs around 1.3830/40.
Support levels: 1.3780 1.3750 1.3710
Resistance levels: 1.3815 1.3840 1.3875
EUR/JPY Current price: 143.01
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Yen crosses are the only ones alive in this American afternoon, with the EUR/JPY flirting with 143.00 ahead of Asian opening. Stocks strength along with yen weakness had left the pair vulnerable to the upside despite euro staticity against other rivals. Posting its third consecutive day of gains, the hourly chart shows 100 SMA crossing above 200 one both below current price while momentum continues grinding higher in positive territory. In the 4 hours chart technical readings present a strong upward tone, all of which suggests more gains are likely: steady gains above the 143.00 level now, will likely see the pair extending up to 143.80 over the upcoming hours, while a break above this last may trigger stops and see an even stronger advance.
Support levels: 142.50 141.90 141.30
Resistance levels: 143.40 143.80 144.60
GBP/USD Current price: 1.6628
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Unchanged from US opening, the GBP/USD trades near its daily low of 1.6617, presenting a clear bearish short term tone, as the hourly chart shows 20 SMA heading lower above current price and acting as dynamic resistance, currently around 1.6650, as indicators head lower in negative territory. In the 4 hours chart price stands right below its 20 SMA while indicators aim higher right above their midlines, which for now, limits slides. However, risk to the downside will increase on another break below 1.6600, supporting then a stronger slide towards 1.6510 support zone.
Support levels: 1.6600 1.6550 1.6510
Resistance levels: 1.6650 1.6690 1.6720
USD/JPY Current price: 103.67
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The USD/JPY extended its advance in the American afternoon, hovering now around the 61.8% retracement of this year fall. The pair has already been here once, early March with the release of US February Nonfarm payrolls, but failed to extend its gains, posting a high around 103.85, now immediate resistance level. Short term, the hourly chart maintains a bullish technical tone, while the 4 hours chart shows indicators still aiming higher despite in overbought territory. Renewed strength beyond mentioned high should signal another leg higher, eyeing then 104.80 as next bullish target.
Support levels: 103.40 103.10 102.60
Resistance levels: 103.85 104.10 104.45
AUD/USD Current price: 0.9244
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The AUD/USD holds near its daily low, entering a new day with a slightly bearish short term tone, as the hourly chart shows price below its 20 SMA and indicators below their midlines, albeit mostly flat and showing no directional strength. With past Asian session come back from the 0.9300 level, the pair has left a probable double roof, which neckline stands around 0.9217 past March 31st low. A break below should complete the figure, and therefore signal an 80 pip slide, towards the 0.9130/40 price zone. The 4 hours chart, also presents a neat bearish technical stance, with immediate resistance now at 0.9260, 20 SMA and strong static level: a recovery above this last however, should deny the possibility of a bearish move, and favor another attempt to breach the 0.9300 level.
Support levels: 0.9210 0.9170 0.9135
Resistance levels: 0.9260 0.9300 0.9345
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EUR/USD static, JPY crosses alive
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