EUR/USD
Current level-1.2909
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 1.3292 and 1.4866.
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 . Obviously the corrective phase below 1.3086 comes from a larger frame and will aim to correct the whole rise since 1.2421. Allow an intrady test of the 1.2996 resistance, followed by a final downswing towards 1.2764, before renewing the uptrend for 1.3671.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.2996 | 1.3081 | 1.3281 | 1.3671 |
| Support | 1.2906 | 1.2801 | 1.2712 | 1.2331 |
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USD/JPY
Current level - 95.12
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 beginning of an uptrend towards 100.53. Intraday expect an uptrend to emerge, breaking above 95.76, towards 99.36.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 95.75 | 98.21 | 100.53 | 103.55 |
| Support | 94.56 | 93.35 | 93.35 | 90.95 |
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GBP/USD
Current level- 1.5389
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.
With the break above the crucial resistance at 1.5270, the pair confirmed it is an uptrend towards 1.5889, en route to 1.6301. Intraday bias is slightly positive and a break above 1.5536 will clear the road for our next target at 1.5889.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.5386 | 1.5534 | 1.5889 | 1.6301 |
| Support | 1.5270 | 1.5115 | 1.4756 | 1.4551 |
