EUR/USD Current price: 1.3301
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The EUR/USD remains capped below 1.3325 weekly high, having been down to 1.3256 early US session, on a big drop in US weekly unemployment claims. The pair however managed to recover most of the lost ground, despite stocks trade mostly unchanged in the US session, and gold lose big this Thursday. Dollar bulls however, take any small chance of a possible tapper next week, and the lack of follow though in the pair is making EUR bulls hesitate. In the short term, the hourly chart presents a pretty neutral stance, with indicators around their midlines and price hovering around a flat 20 SMA. In the 4 hours chart indicators stand in positive territory, yet flat: price needs a trigger, and seems unlikely it will find it until next week FED meeting.
Support levels: 1.3285 1.3250 1.3220
Resistance levels: 1.3330 1.3360 1.3390
EUR/JPY Current price: 132.25
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The EUR/JPY extended its fall, having played with sub 132.00 levels. The hourly chart shows however, price finally found support in its 200 SMA, currently around 131.70 while indicators head higher in negative territory, approaching their midlines; 100 SMA caps the upside now a few pips above current price, so further advances are now required to confirm a recovery. In the 4 hours chart indicators head strongly south below their midlines, favoring another leg lower rather than a recovery: the pair has an unfilled gap from the weekly opening around 130.60, probable bearish target in case of renewed bearish interest.
Support levels: 131.70 131.30 130.60
Resistance levels: 132.50 133.00 133.45
GBP/USD Current price: 1.5805
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Little changed from previous update, the GBP/USD continues to find buyers on dips, holding right above the 1.5800 level ahead of Asian opening. The hourly chart presents a quite neutral stance, while the 4 hours one shows indicators already corrected extreme overbought readings and head back north, supporting the bullish trend seen over the past few weeks. As long as above the 1.5750 support, downward corrective movements are expected to be short lived.
Support levels: 1.5750 1.5710 1.5660
Resistance levels: 1.5830 1.5860 1.5900
USD/JPY Current price: 99.39
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The USD/JPY bounces from 99.00 daily low, having been under pressure for second day in a row, testing its 100 DMA currently at mentioned low. The hourly chart shows indicators aiming a recovery but still below their midlines, while price was unable to recover above its moving averaged, both still in the 99.60/80 price zone offering dynamic resistance. As per bigger time frames, the bearish momentum remains strong, favoring a downward continuation on a break below 99.00.
Support levels: 99.00 98.60 98.20
Resistance levels: 99.70 100.10 100.40
AUD/USD Current price: 0.9261
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Seems AUD bulls are not ready to give up, as after the knee jerk suffered by AUD/USD on disappointing Australian figures, the pair has managed a recovery above the 23.6% retracement of its latest bullish run. The hourly chart shows price struggling around a still bearish 20 SMA, while indicators stand flat around their midlines, giving not much clues on direction right now. In the 4 hours chart indicators reached their midlines and now turn flat, while price stands right below a bullish 20 SMA, all of which suggest further recoveries for the upcoming sessions.
Support levels: 0.9240 0.9180 0.9145
Resistance levels: 0.9280 0.9315 0.9345
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