EUR/USD
Current level-1.2507
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.
As expected, yesterday's consolidation was limited below the 1.2651 resistance and the downtrend was renewed from 1.2633, reaching low at 1.2385. Intraday expect current minor uptrend to target 1.2577 before reversal and drowning towards 1.2331.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.2577 | 1.2633 | 1.2793 | 1.3261 |
| Support | 1.2443 | 1.2385 | 1.20+ | 1.1836 |
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USD/JPY
Current level - 96.02
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 the 96.84 support, suffering a vast sell-off to 94.53. Currently a consolidation is unfolding towards the 96.68 resistance zone and we will expect it to reverse later today, for the next leg downwards to 93.31.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 96.69 | 99.70 | 102.41 | 103.55 |
| Support | 95.63 | 94.53 | 93.35 | 90.95 |
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GBP/USD
Current level- 1.4898
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.
As expected, yesterday's test of the 1.5529 resistance with the intraday high at 1.5489, was enough to complete the consolidation above 1.5345 and sell-off followed, reaching low at 1.4819. We will expect further depreciation, towards 1.45+ sentiment level, as from an intrady point of view, the pair is likely to test 1.5073.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.5073 | 1.5270 | 1.6390 | 1.70+ |
| Support | 1.4812 | 1.4653 | 1.45+ | 1.4136 |
