EUR/USD Current price: 1.2484
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The EUR/USD pair regained the ground lost earlier on the day ahead of US opening approaching again the 1.2500 level, after posting a daily low of 1.2428 at the beginning of the European session. The main market driver continues to be oil, bouncing from multi-year lows and favoring local benchmarks, recovering ahead of the close after posting strong intraday losses. Technically, the EUR/USD hourly chart shows a mild positive tone, with price above its 20 SMA and indicators aiming higher above their midlines, albeit price retraces after failing to regain the 1.2500 mark. In the 4 hours chart indicators diverge from each other with momentum heading lower and RSI higher reflecting latest advance, and price moving back and forth around a flat 20 SMA, showing no actual directional strength. The 1.2400/1.2500 should attract buyers/sellers with a strong break of either setting a more directional tone.
Support levels: 1.2440 1.2400 1.2360
Resistance levels: 1.2520 1.2555 1.2600
GBP/USD Current price: 1.5695
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The Pound suffered against the greenback, losing its latest gains and struggling now around the 1.6700 figure. The short term picture maintains a bearish 20, with 20 SMA capping the upside and indicators heading lower below their midlines, while the 4 hours chart shows price also unable to advance beyond its 20 SMA, now flat around 1.5730, while indicators are crossing their midlines to the downside, supporting further declines on a break below 1.5660.
Support levels: 1.5660 1.5620 1.5590
Resistance levels: 1.5730 1.5770 1.5825
USD/JPY Current price: 118.40
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USD/JPY buyers reappeared on Friday, as the pair trades at a fresh 3-day high ahead of US opening, having recovered above its 100 and 200 SMAs in the 1 hour chart and breaking above a short term descendant trend line coming from this year high at 118.97. Indicators in the mentioned time frame head higher above their midlines, while in the 4 hours chart technical readings also present a bullish tone: as long as above 117.95 immediate support, chances are of a retest of the mentioned year high.
Support levels: 117.95 117.40 117.00
Resistance levels: 118.50 118.90 119.30
AUD/USD Current price: 0.8507
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The AUD/USD pair holds near its recent lows with the 1 hour chart maintaining a bearish slope above current price an attracting short term sellers when reached, and indicators retracing from their midlines following an upward corrective movement from oversold levels. In the 4 hours chart the picture is pretty similar with a clear bearish tone ruling the pair, anticipating further slides on a break below 0.8470 immediate support.
Support levels: 0.8470 0.8435 0.8400
Resistance levels: 0.8530 0.8580 0.8620
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