EUR/USD Current price: 1.3193


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Despite some positive readings early Europe, the EUR/USD ends the day below the 1.3200, barely holding above key support area around 1.3070/80. While risk aversion eased around the world on this Monday, as Asian and European shares surged, the pair was unable to recover ground, trading below 1.3225 that remains as immediate short term resistance. Ahead of Asian opening, the hourly chart shows a neutral technical stance, as per indicators hovering around their midlines and price below a flat 20 SMA, but the overall bearish sentiment prevails in the pair, as the 4 hours chart also shows a negative tone coming from technical readings. As commented on previous update, the key support continues to be the 1.3170/80 price zone, last month low and 38.2% retracement of the July/August bullish run.



Support levels: 1.3180 1.3140 1.3100



Resistance levels: 1.3250 1.3300 1.3345



EUR/JPY Current price: 131.06


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Yen weakness was the main theme of this week start, with yen crosses surging strongly on stocks recovery, and EUR/JPY reaching 131.50 resistance area before halting the run. As for the technical picture, the hourly chat shows indicators correcting extreme oversold readings and 200 SMA providing short term support around 130.80 in the hourly chart, favoring some upward continuation if the level holds. In the 4 hours chart technical readings also support the upside, with a break above afore mentioned resistance signaling a probable approach to the 132.40 price zone. 



Support levels: 130.80 130.20 129.80 



Resistance levels:  131.50 132.00 132.40  



GBP/USD Current price: 1.5536


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The GBP/USD shed most of its early gains, closing the day with some shy 20 pips gains after being as high as 1.5593 early Europe. The hourly chart shows price eased back below its moving averages and indicators entered negative territory, now flat due to the lack of action over this last session. In the 4 hours chart technical readings remain in positive territory, but turning south and approaching their midlines as price approaches 20 SMA currently around 1.5525 and immediate support. If the level gives up, another test of 1.5460 seems likely for the upcoming hours, while a  price acceleration below this last should expose the 1.54 figure.



Support levels: 1.5525 1.5490 1.5490



Resistance levels: 1.5595 1.5630 1.5660



USD/JPY Current price: 99.33


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The USD/JPY closes the day above its 100 DMA, first time since August 5th, having broken the daily descendant trend line coming from this year high around 103.72. The hourly chart shows indicators still in overbought levels as price holds at daily highs, while moving averages slowly turn higher below current price. Pullbacks towards 98.90 price zone should see some buying interest, and if the level holds, chances for an advance towards 100.00 are likely, although market players will prefer to remain sidelined ahead of Thursday and Friday’s economic headlines.



Support levels: 98.90 98.50 98.20



Resistance levels: 99.40 99.90 100.30 



AUD/USD Current price: 0.8979


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The AUD/USD surge some pips above 0.9000, and eased some afterwards, finding short term buyers around 0.8960 now immediate short term support. The hourly chart shows 20 SMA maintaining the positive tone right below current price, as indicators bounce slightly higher from their midlines, with little upward strength at the time being: price needs to accelerate above 0.9020 to see a stronger advance, although losses below 0.8960 should deny the possibility of more gains and see the pair filling the weekly opening gap around 0.8900.



Support levels: 0.8960 0.8910 0.8885 



Resistance levels: 0.9020 0.9060 0.9090
















































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