EUR/USD Current price: 1.3212


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The EUR/USD trades around Friday’s close as a new week starts, despite risk sentiment surrounding the Syrian conflict eased some: the US has first announced a unilateral strike on Syria, but finally delayed it. Early interbank trading saw the pair around 1.3225 but the upside remains quite limited ahead of key events later this week that includes Central Bank meetings and US NFP report. As for the short term, the hourly chart shows indicators retracing from their midlines and price below a bearish 20 SMA, supporting the bearish bias. 4 hours chart also shows 20 SMA with a strong bearish slope well above current price, while indicators stand in oversold territory, but far from suggesting a price recovery. The 1.3170/80 stands as strong support, as per being the 38.2% retracement of these last 2 months bullish run: a break below the level should lead to a downward acceleration towards the 1.3100 price zone.



Support levels: 1.3180 1.3140 1.3100



Resistance levels: 1.3250 1.3300 1.3345



EUR/JPY Current price: 129.98


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Yen crosses gap to the upside on easing risk aversion, although the EUR/JPY maintains a slightly bearish tone as per trading well below its moving averages in the hourly chart: 100 one stands now around 130.20 acting as immediate short term resistance, while 200 one stands near 131.00; indicators in the same time frame head higher crossing their midlines with the opening, although only above mentioned 130.20 the pair may have chances to extend the upside. The 4 hours chart shows indicators correcting higher but still in negative territory which helps keep the upside limited. 



Support levels: 129.80 129.35 128.80 



Resistance levels:  130.20 130.60 131.00 



GBP/USD Current price: 1.5522


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The GBP/USD shows early strength surging up to 1.5532 with the opening, from a Friday close around 1.5481. The hourly chart shows indicators aiming to cut their midlines to the upside, and current candle standing above a slightly bearish 20 SMA, while in the 4 hours chart technical readings are still flat around their midlines and price right above a bearish 20 SMA. Further gains above 1.5550 should see price advancing towards 1.5600 this Monday, while renewed selling pressure below 1.55 should deny the possibility of a recovery and see price easing towards 1.5425 past week low. 



Support levels: 1.5490 1.5445 1.5400 



Resistance levels: 1.5550 1.5595 1.5630



USD/JPY Current price: 98.41


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USD/JPY stands near Friday high, after a pretty uneventful week when it comes to defining a trend. The hourly chart shows price above 100 and 200 SMAs as indicators head slightly higher above their midlines, giving the pair some positive tone despite the unfilled gap. In bigger time frames, technical readings also stand in positive territory, with 98.80 as key resistance for the upcoming hours, as per being the daily descendant trend line coming from 103.72.



Support levels: 97.90 97.50 97.20



Resistance levels: 98.50 98.85 99.20



AUD/USD Current price: 0.8934


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The AUD/USD gapped higher with the opening, standing however around last New York opening levels, still maintaining the dominant bearish trend. In the hourly chart, current candle stands above 20 SMA and indicators head higher although in negative territory. In the 4 hours chart price currently struggles around its 20 SMA as indicators stand in neutral territory: price needs to accelerate beyond 0.8980 resistance to see more gains this Monday, yet failure at current levels should keep the downside favored.



Support levels: 0.8910 0.8885 0.8840 



Resistance levels: 0.8935 0.8980 0.9020















































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