EUR/USD Current price: 1.3075

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The EUR/USD managed to retest 1.3100 this Thursday, although moving in a tight 60 pips range all day long, limited by fiscal cliff woes: during the American afternoon, House Speaker John Boehner said spending is going to be the issue preventing a deal to avert 'fiscal cliff'. Stocks fell sharply, yet dollar was barely on demand against commodity currencies, preventing the advance of European ones, but holding the weakness set by FED. Obama and Boehner will have a meeting around 22:00 GMT today, to discuss fiscal cliff, which could put some spice to current Asian session. For the short term, the EUR/USD hourly chart shows a pretty neutral stance, giving no clear clues on direction for the upcoming hours. However, the upside continues to be favored as long as above 1.3040 immediate support, with chances of an extension towards 1.3000 if the support gives up. 

Support levels: 1.3040 1.3000 1.2970 

Resistance levels: 1.3100 1.3135 1.3170

GBP/USD Current price: 1.6112

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The GBP/USD lost some ground today, after the S&P Ratings Services to revised its outlook on the unsolicited long-term ratings on the United Kingdom to negative from stable. The pair reached a daily low of 1.6083 following the release, yet quickly bounced back above 1.6100, suggesting buying interest remains strong. The hourly chart however, presents a limited bearish tone, as price develops below 20 SMA and indicators stand flat in negative territory; the downside however, seems well limited by 1.6065 strong static support level. In the 4 hours chart indicators aim slightly higher after latest slide holding above their midlines favoring the upside back to 1.6170 if 1.6120 immediate resistance is overcome.

Support levels: 1.6090 1.6065 1.6025

Resistance levels: 1.6120 1.6170 1.6215 

USD/JPY Current price: 83.65

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Unstoppable, the upward momentum in USD/JPY remains strong, with the pair pressuring daily high early Asia. The hourly chart shows indicators aiming higher above their midlines, while price stands well above 100 and 200 SMA’s that also head north. In the 4 hours chart, indicators corrected extreme overbought levels and regained the upside, pointing for a soon test of 84.17 yearly high. Steady gains above will open doors for a continuation towards the 86.00 area over the upcoming sessions.

Support levels: 83.35 83.05 82.80

Resistance levels: 83.70 84.15 84.40

AUD/USD: Current price: 1.0522

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Failure to take 1.0600 along with falling stocks, put the AUD/USD under some selling pressure, yet the pair found buying interest around 1.0510. The hourly chart shows the bearish momentum eased, although they are far from suggesting a recovery, as 20 SMA maintains a strong bearish tone around 1.0540, acting as short term resistance, while indicators hold in negative territory. In the 4 hours chart indicators turn south still above their midlines, while price struggles with a bullish 20 SMA at current levels. 

Support levels: 1.0510 1.0460 1.0430

Resistance levels: 1.0535 1.0570 1.0620 

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