EUR/USD
Current level-1.2861
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.
The expected dip reached 1.2421 and we think, that is enough for the pair to begin a significant uptrend towards 1.3281, en route to 1.3760 . As expected the pair broke through 1.2721 and 1.2811, reaching intraday high at 1.2954. Allow more consolidation activity above 1.2811 and probably no lower than 1.2736, before next leg upwards, to 1.3114.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.2896 | 1.2945 | 1.3115 | 1.3282 |
| Support | 1.2696 | 1.2412 | 1.2331 | 1.20+ |
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USD/JPY
Current level - 96.01
The pair is in the second part of the broad consolidation since 90.95 short-term bottom, aiming at 103.52. Trading is situated below the 50- and 200-day SMA, currently projected at 107.61 and 105.76.
As expected, last week's dip was limited to 93.53 and we think, that the pair reversed at that level, setting the beginnig of an uptrend towards 100.53. Intraday expect a bit more ranging above 95.15, before breaking higher, towards 99.36.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 97.51 | 98.21 | 100.53 | 103.55 |
| Support | 95.63 | 94.53 | 93.35 | 90.95 |
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GBP/USD
Current level- 1.5134
The pair has finished the broad consolidation above 1.9338 and the general downtrend has been renewed, targeting levels around 1.45+. Trading is situated below the 50- and 200-day SMA, currently projected at 1.8391 and 1.9421.
Still ranging without a clear direction and only a break above 1.5250 will set the stage for the next upmove towards 1.6103. Intraday bias is positive for 1.5270.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.5167 | 1.5270 | 1.6390 | 1.70+ |
| Support | 1.4934 | 1.4653 | 1.45+ | 1.4136 |
