EUR/USD Current price: 1.3383


View Live Chart for the EUR/USD


e


Thursday look like the old days, when market was all about risk sentiment, although restrained to tighter ranges. Anyway, the recovery in US index along with some positive figures in China past Asian session, kept the greenback in selling mode all through the day sending EUR/USD to a fresh 2 months high of 1.3399. Trading nearby ahead of Asian opening, the hourly chart shows price consolidating near the highs, with technical readings standing in positive territory. In the 4 hours chart indicators look slightly exhausted to the upside, but far from suggesting a reversal. Key resistance remains at 1.3415, past June monthly high. 



Support levels: 1.3370 1.3340 1.3300 



Resistance levels: 1.3415 1.3445 1.3490



EUR/JPY Current price: 129.20


View Live Chart for the EUR/JPY


ey


The EUR/JPY bounced some and stands above 129.16, far from recovering the ground lost over this week; the hourly chart shows indicators aiming higher above their midlines, although moving averages remain above current price, capping the upside at 129.80 and 130.30. In the 4 hours chart indicators head north reentering from oversold territory, suggesting some upward limited corrective movement. Daily chart finally, shows price back above its 100 SMA, currently around 128.80: as long as above it, price may see some upward impulse, yet if below, bears will likely push it back towards the 128.00 mark.



Support levels: 128.80 128.40 128.00



Resistance levels:  129.80 130.30 130.80



GBP/USD Current price: 1.5539


View Live Chart for the GBP/USD


g


Pound surged up to 1.5571 against the greenback, standing around the 78.6% retracement of its latest daily fall around 1.5550. The hourly chart shows price above its 20 SMA and indicators in positive territory although the lack of volume around keeps majors mostly in tight range after sporadically advances. In the 4 hours chart the upward momentum remains intact supporting further gains in the pair towards 1.5750 area, June high.  



Support levels: 1.5520 1.5460 1.5420 



Resistance levels: 1.5550 1.5600 1.5645



USD/JPY Current price: 96.60


View Live Chart for the USD/JPY


y


The USD/JPY also recovered some ground in the back of recovering stocks, although maintains the bearish dominant trend, far below its 100 DMA. The hourly chart shows indicators aiming higher in positive territory, supporting further upward short term corrections, that can extend up to 97.60 area, where 100 SMA should halt the advance. 



Support levels: 96.40 96.05 95.70 



Resistance levels: 96.80 97.20 97.60



AUD/USD Current price: 0.9103


View Live Chart for the AUD/USD


a


Australian dollar saw a strong recovery, posting its fourth day in a row of gains against the greenback. The daily chart shows price stalled at its 20 SMA, currently around 0.9110. As for the short term, the hourly chart shows price easing from the high as indicators turn lower still in positive territory, but 4 hours indicators maintain a strong upward momentum, supporting further recoveries for current session.  



Support levels: 0.9100 0.9070 0.9040 



Resistance levels: 0.9140 0.9185 0.9220















































New to Forex? Visit our Glossary!