EUR/USD
Current level-1.2834
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 1.2651 with initial resistance at 1.2961. On the larger frames we still think, that current sharp swings are parts of the significant consolidation after the 1.2331 bottom before new lows below that level.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.2896 | 1.2993 | 1.3507 | 1.3900 |
| Support | 1.2753 | 1.2584 | 1.2584 | 1.2331 |
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USD/JPY
Current level - 98.98
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 broke through 99.71 resistance, reaching 100.53. Currently a consolidation is unfolding below that level and it should stay limited above 97.32 before next leg upwards. 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 | 99.70 | 100.96 | 102.41 | 103.55 |
| Support | 98.21 | 96.45 | 90.95 | 86.31 |
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GBP/USD
Current level- 1.5861
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, correcting the whole slide from 1.8661 and we believe, that currently its third part is infolding, aiming at 1.6408. Intraday bias is still negative, so allow a dip to 1.5545 before reversing upwards, for 1.6313.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.5970 | 1.6312 | 1.6801 | 1.70+ |
| Support | 1.5712 | 1.5545 | 1.5944 | 1.5271 |
