EUR/USD Current price: 1.2773

View Live Chart for the EUR/USD


The EUR/USD finds support today in a general optimism ruling markets that keeps dollar under pressure since early weekly opening. Stocks and commodities are up with gold the overall winner, trading around $ 1730/oz. Sentiment however, is not enough so far to take EUR/USD above the 1.2800 mark that keeps capping the upside. For the short term, the hourly chart shows a positive tone, as price finds support in a bullish 20 SMA, although indicators lack momentum and hover above their midlines. In the 4 hours chart technical readings present a more neutral stance with a timid bullish tone surging, all of which supports the need of further confirmation before a run higher: price needs to advance and hold above the 1.2810 mark to see a bullish continuation rally today. 

Support levels: 1.2745 1.2720 1.2690 

Resistance levels: 1.2810 1.2840 1.2880

GBP/USD Current price: 1.5902

View Live Chart for the GBP/USD (select the currency)


The GBP/USD aims higher also on market sentiment, still limited to the upside by a strong static resistance level around 1.5920. Early test of the area attracted sellers, leaving price below a flat 20 SMA in the hourly chart, and momentum heading lower and testing the 100 level, which limits gains in the short term. In the 4 hours chart however, the pair presents a stronger bullish momentum, with indicators heading north in positive territory and price above 20 SMA. Again, and due to recent range, further confirmation is needed, and will likely be seen once 1.5920 gives up.

Support levels: 1.5850 1.5820 1.5770 

Resistance levels: 1.5920 1.5960 1.6000

USD/JPY Current price: 81.17

View Live Chart for the USD/JPY (select the currency)


Steady in range, the USD/JPY posted a fresh 7-month high at 81.54 this Monday. The hourly chart shows a slightly bearish tone coming from technical indicators although 100 and 200 SMA’s held a bullish tone which helps keeping the downside limited. In bigger time frames, the bullish momentum seen over the past few days is giving up, with RSI leaving overbought territory suggesting some bearish corrective movement ahead. In such case, 80.80 area comes as immediate support, followed by 80.60.This last should hold to keep the midterm bullish trend alive.

Support levels: 81.05 80.80 80.60 

Resistance levels: 81.45 81.70 82.00

AUD/USD: Current price: 1.0403

View Live Chart for the AUD/USD (select the currency)


Aussie made an impressive comeback against the dollar, challenging the 1.0400 area breaking above the 61.8% retracement of its latest bearish slide around 1.0390 and immediate support level. The hourly chart shows technical readings hold their bullish momentum, supporting more gains ahead while in the 4 hours chart the bullish tone is even stronger. As long as market holds the positive mood the upside is favored with 1.0450 area as next big bullish target. 

Support levels: 1.0390 1.0365 1.0330 

Resistance levels: 1.0410 1.0445 1.0480

New to Forex? Visit our  Glossary!