EUR/USD Current price: 1.2975
EURUSD has closed below the previous session low of 1.2993, which coincides with a spinning top. As a result, a potential evening star has formed, just under 1.3100 psychological resistance. The pattern stands as a bearish indication, highlighting support at 1.2838.
Support levels: 1.2930 1.2905 1.2880
Resistance levels: 1.2970 1.3000 1.3030
GBP/USD Current price: 1.6021
GBPUSD has closed through 1.6076 support, lending a bearish bias on the major’s near term prospects. Although a temporary correction back to the aforementioned level is possible, it is likely the pair will extend its decline to 1.5905, the next support level.
Support levels: 1.6005 1.5980 1.5940
Resistance levels: 1.6030 1.6060 1.6090
USD/JPY Current price: 78.30
USDJPY has failed to overtake the 79 handle resistance figure, instead declining on the session. As a result, focus has now been shifted to 77.90 support or the August 1st session low. Any continuation to the 80 resistance barrier would require a break above the aforementioned 79.
Support levels: 78.10 77.90 77.65
Resistance levels: 78.30 78.50 78.80
AUD/USD: Current price: 1.0192
A doji candlestick has surfaced in AUDUSD price action, lending a bullish bias on the major currency. A close above the 1.0218 October 8th session high would confirm the notion of a morning star formation. The notion would extend the current advance to 1.0327 resistance.
Support levels: 1.0150 1.0120 1.0080
Resistance levels: 1.0200 1.0235 1.0270
Today's new term is Outright Monetary Transaction.