EUR/USD
Current level-1.2942
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 consolidation from the recent peak at 1.3081 is in its second part, aiming at 1.2996, before reversal and slide towards 1.2752, that should complete the whole structure and prepare the stage for next bounce upwards, to 1.3281. Intraday bias is positive, targeting 1.2996 and crucial is 1.2861, as a break below that level will aim directly at 1.2752.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.2996 | 1.3081 | 1.3281 | 1.3671 |
| Support | 1.2861 | 1.2752 | 1.2712 | 1.2331 |
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USD/JPY
Current level - 95.26
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 bias is neutral and in our opinion, current corrective phase precedes a quick slide to 94.46 before reversing upwards, for 97.48.
| 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- 1.5412
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 in an uptrend towards 1.5889, en route to 1.6301. Intraday bias is slightly positive, aiming at 1.5491 before reversal for 1.5251, that should set an end of the whole corrective range below 1.5531.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.5491 | 1.5531 | 1.5889 | 1.6301 |
| Support | 1.5270 | 1.5115 | 1.4756 | 1.4551 |
