EUR/USD Current price: 1.2855
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The EUR/USD approached 1.2900 on the back of positive mood early European opening, easing back to its comfort zone near 1.2850. Summer in the north hemisphere is already taking its toll on volume that remains pretty low when there are no headlines to rock majors. As for the short term the hourly chart maintains a neutral stance, with indicators mostly flat, although a slightly bearish tone is present. Recent low around 1.2840 remains as immediate short term support ahead of key 1.2795.
Support levels: 1.2840 1.2795 1.2745
Resistance levels: 1.2880 1.2925 1.2960
GBP/USD Current price: 1.4871
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Pound nose dived to 1.4832 against the dollar on worse than expected UK data, bouncing from its yearly low ahead of US opening, but maintaining a strong bearish tone according to charts: in the 1 hour one, price is back below its 20 SMA as indicators head south in negative territory, while in the 4 hours one 20 SMA capped the upside earlier today and maintains the strong bearish slope now around 1.4950 offering dynamic resistance. Overall, the downside is favor with a break of the mentioned low, with scope the to approach the 1.4720 area, next strong support.
Support levels: 1.4830 1.4790 1.4735
Resistance levels: 1.4910 1.4950 1.4990
USD/JPY Current price: 101.12
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The USD/JPY trades in a tight range, unable to move away from the 101.00 level, with a slightly positive tone in the hourly chart as technical indicators hold in positive territory, while moving averages stand below current price. 200 SMA however, approaches to 100 one which for now just reflects the range; however, further approaches will increase the danger of a bearish movement, that will also find confirmation in the break of recent lows around 100.70.
Support levels: 100.70 100.30 99.90
Resistance levels: 101.20 101.60 102.00
AUD/USD: Current price: 0.9176
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Despite quite positive intraday, the AUD/USD is still unable to overcome sellers around 0.9200 that capped the upside already twice today. Still, the hourly chart shows indicators heading north above their midlines as price stands above a bullish 20 SMA, currently around 0.9140 and offering short term support. In the 4 hours chart indicators present a nice upward momentum, supporting a continuation on a price acceleration above 0.9210 resistance.
Support levels: 0.9140 0.9100 0.9050
Resistance levels: 0.9210 0.9250 0.9290
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