EUR/USD Current price: 1.3049
The EUR/USD trades at fresh weekly highs after US employment data beaten expectations, with unemployment rate printing it lowest level in 3 years, 7.8%. How reliable the number is, is not being questioned: risk appetite extends with US stocks challenging September highs and dollar being smashed across the board. The EUR/USD holds its overall bullish stance, testing 1.3050 static resistance level. Technical reading in the hourly chart show price well above 20 SMA and indicators in neutral territory, while in the 4 hours chart there is a strong upward momentum that supports more gains towards the 1.3100 area before the week is over.
Support levels: 1.3030 1.3000 1.2970
Resistance levels: 1.3050 1.3085 1.3120
GBP/USD Current price: 1.6200
The GBP/USD lags compared to other high yielders, struggling to hold the 1.6200 level, yet mostly bullish according to technical readings, after posting a higher high daily basis. With not much momentum in the hourly chart, the 4 hours one shows price well above 20 SMA and momentum heading higher above 100, keeping the downside limited. A daily descendant trend line coming from 1.6308, stands today at 1.6240 immediate resistance level and probable daily top in case of more gains.
Support levels: 1.6150 1.6110 1.6060
Resistance levels: 1.6240 1.6285 1.6310
USD/JPY Current price: 78.65
The USD/JPY jumped strongly on positive news stalling around 78.80, where Japanese exporters are reported to be strong sellers, sending the pair lower. Also 100 DMA offers dynamic resistance at mentioned level, and only a daily close above it will open doors for more gains over the upcoming week. Technically bullish in the hourly chart where indicators head strongly higher, the pair may spend the rest of the day consolidating above the 78.50 area, capped to the upside by 78.80 price zone.
Support levels: 78.50 78.35 78.10
Resistance levels: 78.80 79.05 79.30
AUD/USD: Current price: 1.0257
Australian dollar self weakness prevented the AUD/USD for advancing beyond 1.0270 despite ongoing risk appetite, and the pair trades in a steady range, finding support around 1.0230. The hourly chart presents a slightly bullish tone, with indicators heading higher above their midlines and 20 SMA also heading north, but unless a clear break of mentioned resistance, the upside seems limited. Even further, while a test of 1.0300 is possible, more gains are unlikely for this last day of the week
Support levels: 1.0220 1.0180 1.0150
Resistance levels: 1.0270 1.0300 1.0335
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