EUR/USD
Current level-1.2593
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.
With yesterday's break below 1.2670, a sharp downtrend emerged, reaching low at 1.2473 and we feel, that the broad consolidation above 1.2331 is over and the pair is heading towards 1.20+ sentiment level. Intraday a minor consolidation is unfolding above 1.2473 and we expect it to be limited below 1.2651 before renewing the slide towards 1.2331. Crucial is 1.2799.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.2651 | 1.2799 | 1.3261 | 1.3880 |
| Support | 1.2473 | 1.2331 | 1.20+ | 1.1836 |
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USD/JPY
Current level - 97.82
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.
Unfortunatelly, there is no clear positive bias here, so it looks reasonable to expcet a break below the 96.81 support, that should clear the way for 93.45 and 90.95. Intraday a minor consolidation is heading upwards to 98.66. Crucial for the downtrend from 100.54 is 99.46.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 99.70 | 100.96 | 102.41 | 103.55 |
| Support | 97.12 | 96.45 | 90.95 | 86.31 |
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GBP/USD
Current level- 1.5430
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.
The negative bias remains unchanged and we are probably not going to see the expected final leg upwards of the broad consolidation above 1.5271, so stay tuned for a retest of the 1.5527 resistance, that should be followed by an acceleration of the downtrend towards 1.5271 and 1.50+ later on. Short-term target is 1.45+ and it will be set after breaking below 1.5271.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.5529 | 1.5940 | 1.6390 | 1.70+ |
| Support | 1.5343 | 1.5271 | 1.5271 | 1.50+ |
