EUR/USD Current price: 1.2855
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The EUR/USD is back towards its recent lows, having set a daily one of 1.2846, and trading a few pips above it early US opening. The hourly chart shows price retraced strongly from 100 SMA with 20 SMA now gaining bearish slope well above current price and indicators heading lower below their midlines, anticipating further falls. In the 4 hours chart technical readings are biased lower in negative territory, supporting the shorter term view, with a downward acceleration below 1.2850 anticipating further short term declines towards the 1.2800 price zone.
Support levels: 1.2850 1.2810 1.2770
Resistance levels: 1.2880 1.2920 1.2950
GBP/USD Current price: 1.6352
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Pound has shed near 200 pips from its daily high of 1.6523 against the greenback, having erased all of the speculative gains of these last couple days. Despite the NO finally won in Scotland, profit taking along with dollar strength had weighted more: the short term technical picture shows price struggling around the 50% retracement of this month fall around 1.6345, with indicators well into negative territory and 20 SMA turning south a few pips above the 61.8% retracement of the same rally around 1.6410, offering intraday resistance in case of a recovery. The downside however is favored, with a price acceleration below mentioned Fibonacci support probably extending down to 1.6250 price zone.
Support levels: 1.6345 1.6310 1.6250
Resistance levels: 1.6410 1.6470 1.6540
USD/JPY Current price: 108.73
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Trading around its daily opening, the USD/JPY managed to post a higher high for the year at 109.45 with current decline looking just as profit taking. The 1 hour chart shows indicators turning higher around their midlines, with 100 and 200 SMAs still heading higher well below current price. In the 4 hours chart indicators corrected extreme overbought readings and head back north at the time being, supporting the shorter term view.
Support levels: 108.55 108.10 107.70
Resistance levels: 109.10 109.45 109.75
AUD/USD Current price: 0.8972
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The AUD/USD consolidates in a tight range this Friday, holding above 0.8920 but unable to regain the 0.9000 figure, and with a quite neutral short term tone according to the 1 hour chart, as per price hovering around a flat 20 SMA and indicators attached to their midlines. In the 4 hours chart 20 SMA maintains its bearish slope above current price, with indicators standing directionless in negative territory, showing no strength at the time being. A break through 0.8920 may see the pair extending its decline down to 0.8880 short term, with a daily close below this last anticipating a steady decline for next week.
Support levels: 0.8920 0.8880 0.8830
Resistance levels: 0.8990 0.8940 0.8985
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