EUR/USD
Current level-1.2698
EUR/USD is in а downtrend, after finalizing the rebound from 1.3882 (Sept. 11 2008) at 1.3882. Technical indicators are falling, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4049 and 1.5194.
After breaking below the 1.2996 support zone, a top was confirmed to be set at 1.3281, being the final of the rise from 1.2331. Intraday bias is negative, towards 1.2584 support, with initial resistance at 1.2745 and crucial level at 1.2865. On the larger frames we still think, that current sharp swings are parts of significant consolidation after the 1.2331 bottom before new lows below that level.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.2745 | 1.2865 | 1.3507 | 1.3900 |
| Support | 1.2651 | 1.2584 | 1.2584 | 1.2331 |
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USD/JPY
Current level - 96.98
The pair is in the second part of the broad consolidation since 95.75 short-term bottom, aiming at 97.63. Trading is situated below the 50- and 200-day SMA, currently projected at 107.61 and 105.76.
As expected the pair was sold-of from yesterday's 98.50 to our target at 96.45, but the minor downtrend is not yet completed, so while the trading stays limited below 97.72, there is a risk of one more drowning to 95.39. On the larger frames we still feel, that current decline from 99.71 is corrective in nature, preceding rise towards 102.42 . DJIA is in a bullish mode, towards 9 676, en route to 10 126.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 98.96 | 99.71 | 102.41 | 103.55 |
| Support | 97.12 | 96.45 | 90.95 | 86.31 |
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GBP/USD
Current level- 1.6206
The pair has finished the broad consolidation above 1.9338 and the general downtrend has been renewed, targeting levels around 1.55+. Trading is situated below the 50- and 200-day SMA, currently projected at 1.8391 and 1.9421.
A larger corrective phase is underway, aiming at 1.5944 support before next leg upwards, to 1.6801. Intraday bias is negative, targeting 1.5944 with crucial level at 1.6395.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.6225 | 1.6395 | 1.6801 | 1.70+ |
| Support | 1.6112 | 1.5944 | 1.5944 | 1.5271 |
