EUR/USD Current price: 1.3400
View Live Chart for the EUR/USD
After a slide from the 1.37 level, EUR/USD is starting to set up a range between 1.3430 adn 1.3350 to start the week. A break above is not indicative of a bullish continuation until at least a push above 1.35. Otherwise, there is a 4H falling channel, and further room to fall before testing the 1.3255 low from a previous consolidation range.
Support Levels: 1.3292 1.3324 1.3362
Resistance Levels: 1.3432 1.3464 1.3502
GBP/USD Current price: 1.5659
View Live Chart for the GBP/USD (select the currency)
GBP/USD maintains its bearish outlook though it has been choppier since late January. 2/11 price action was a strong bearish candle, and if it clears below the 1.5620 low, it continues the outlook toward the 1.55 level, near 78.6% retracement and some common lows from June-July 2012 consolidation.
Support Levels: 1.5432 1.5538 1.5596
Resistance Levels: 1.5760 1.5866 1.5924
USD/JPY Current price: 94.22
View Live Chart for the USD/JPY (select the currency)
The USD/JPY pushed above 94.00 and continues the bullish trend after another brief consolidation that failed to push below 92.00. At this point a slide below 92.00 will be needed to signal any topping for bearish correciton. Otherwise, the 95.00 handle is the next target, which is also the 2012 high.
Support Levels: 90.93 91.69 92.93
Resistance Levels: 94.93 95.69 96.93
AUD/USD: Current price: 1.0269
View Live Chart for the AUD/USD (select the currency)
The AUD/USD shows bearish control as Friday's(2/8) bullish outside bar failed to extend higher to start this week. Instead, we started with a new low, continuing focus on the 1.0150-1.0165 support of a large range that has been holding price since July 2012.
Support Levels: 1.0155 1.0201 1.0230
Resistance Levels: 1.0305 1.0351 1.0380
New to Forex? Visit our 
Recommended Content
Editors’ Picks
EUR/USD holds above 1.0750 to start the week
EUR/USD trades in positive territory above 1.0750 in the European session on Monday. The US Dollar struggles to find demand following Friday's disappointing labor market data and helps the pair hold its ground.
GBP/USD edges higher toward 1.2600
Following Friday's volatile action, GBP/USD pushes higher toward 1.2600 on Monday. Soft April jobs report from the US and the modest improvement seen in risk mood make it difficult for the US Dollar to gather strength.
Gold rebounds above $2,310 after downbeat NFP data, eyes on Fedspeak
Gold price trades in positive territory above $2,310 after closing the previous week in the red. The weaker-than-expected US employment data have boosted the odds of a September Fed rate cut, hurting the USD and helping XAU/USD find support.
Addressing the crypto investor dilemma: To invest or not? Premium
Bitcoin price trades around $63,000 with no directional bias. The consolidation has pushed crypto investors into a state of uncertainty. Investors can expect a bullish directional bias above $70,000 and a bearish one below $50,000.
Week ahead: BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.