EUR/USD Current price: 1.2563

A shooting star has emerged ahead of 1.2614 resistance, and is combining with overbought Stochastic signals in indicating a bearish turn. A near term upside violation of the barrier would open scope for an advance on the 1.2819 May 22nd session high.  

Support levels: 1.2535 1.2500 1.2470

Resistance levels: 1.2580 1.2610 1.2640

GBP/USD Current price: 1.5858

GBPUSD is showing signs of weakness and indecision, following the formation of a doji star in the daily charts. Ahead of 1.5900 round figure resistance, the pattern is hinting at a decline – reinforcing overbought signals in technical oscillators. Subsequently, initial support tests are being focused at 1.5700. 

Support levels: 1.5820 1.5770 1.5730

Resistance levels: 1.5885 1.5930 1.5960

USD/JPY Current price: 78.51

USDJPY has seemingly found support before 78.00, stalling at 78.30. As a result, a mild near term correction can be ascertained from the patterns, setting short term resistance targets at 79.22. Any further declines will be predicated on a downside penetration of the 78 handle.

Support levels: 78.40 78.10 77.90

Resistance levels: 78.80 79.05 79.30

AUD/USD: Current price: 1.0432

A falling three methods formation is hinting at further downside potential in AUDUSD, forming just above 1.0400. A downside break of the round figure barrier would confirm the notion, lending focus towards a test of 1.0286 support. Any upside correction will be held by the 1.0544 session high.
Support levels:  1.0410 1.0370 1.0330

Resistance levels: 1.0445 1.0490 1.0510

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