EUR/USD Current price: 1.3333


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As US stocks post its fourth day in a row of losses, greenback continues shedding ground against its rivals, as FED officials continued their tapering talking and how close we are to it. The EUR/USD managed to test past week high, reaching an intraday high of 1.3341 in a still painfully slow advance, underperforming other currencies. The hourly chart shows price consolidating near the high, as indicators retrace some form overbought territory, while in the 4 hours chart upward momentum builds up, supporting further advances towards next strong resistance, 1.3415, past June high.



Support levels: 1.3310 1.3280 1.3250 



Resistance levels: 1.3340 1.3385 1.3410



EUR/JPY Current price: 128.48


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Japanese yen strengthen as BOJ monetary policy promises no action this month, with the EUR/JPY trading at its lowest level in near a month. As the day advances, price stands below 100 DMA, currently around 128.80, first time below it since early June, which reflects the dominant bearish trend. In the hourly chart, price continues to post lower lows, giving no chances of an upward correction, despite indicators stand in oversold territory.  128.00 figure, and July 10th daily low comes as immediate support, followed by 127.30 price zone.



Support levels: 128.00 127.30 126.80



Resistance levels:  128.80 129.40 130.00



GBP/USD Current price: 1.5493


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The GBP/USD consolidates near its daily high of 1.5530, posted early US session. The pair initially fall to 1.5205 after BOE’s inflation report, only to add over 300 pips in a couple of hours, as market players understood the UK is closer to put an end to its APP rather than extend it. Extremely overbought according to the hourly chart, indicators stand flat giving little signs of a downward correction ahead, while 20 SMA gained bullish slope, standing now around 1.5420. In the 4 hours chart technical indicators lose upward potential although hold in positive territory, supporting a consolidation stage before the pair resumes the upside.



Support levels: 1.5460 1.5420 1.5370



Resistance levels: 1.5530 1.5565 1.5600



USD/JPY Current price: 96.41


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The USD/JPY holds to its bearish trend, accelerating below its 100 DMA this Wednesday, and maintaining a strong short term bearish tone as per the hourly chart showing indicators still heading south despite in oversold territory. In the 4 hours chart, the movement seems overextended, although there are no signs of an upward correction still. Expect the pair to continue easing and even accelerate south on a neutral stance from BOJ.



Support levels:  96.20 95.70 95.40



Resistance levels: 96.80 97.20 97.50



AUD/USD Current price: 0.8989


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The AUD/USD failed again to advance much further beyond the 0.9000 figure, trading a few pips below as Asian session starts. Short term charts show indicators easing towards their midlines as price stands above a flat 20 SMA, while the 4 hours chart presents a slightly bullish tone. Despite some possible upward correction ahead, the bearish trend remains in place and advances should still be seen as selling opportunities. 



Support levels: 0.8945 0.8910 0.8870 



Resistance levels:  0.9010 0.9035 0.9070















































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