• EUR/USD 

 eurusd08022012.png

Current level - 1.3300

Yesterday's minor corrective pattern below 1.3288 has been finalized at 1.3215 low and the uptrend is renewed, heading towards 1.3360, en route to 1.3465. Initial minor support is projected at 1.3267, followed by the crucial low at 1.3215.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.33601.34501.35401.3950
Support1.32651.32151.30301.2870

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  • USD/JPY

usdjpy06022012.png

Current level - 77.17

The uptrend from 76.01 is still intact, heading for a test of 77.35 resistance area. Yesterday's test of 76.72 crucial area failed and this level continues to guard the positive bias. On the mid-frames the outlook remains rather neutral in the broad consolidation phase above 75.56.

Key Market Levels
Minor Intraday Major Intraweek
Resistance 77.3578.2578.2580.00
Support 76.7276.0175.56---

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  • GBP/USD

gbpusd09022012.png

Current level - 1.5835

Although yesterday's sell-off from 1.5930 high was pretty impulsive in nature, it couldn't break below 1.5790 support and until the crucial low at 1.5730 is intact, the uptrend here should be considered on track for 1.6120. Initial intraday resistance is projected at 1.5870 and I expect a break beyond that level to unleash a rise for 1.5980, en route to 1.6120.

Key Market Levels
Minor Intraday Major Intraweek
Resistance 1.58701.59801.61201.6615
Support 1.57901.57301.57301.5530