EUR/USD
Current level-1.3683
EUR/USD is in an uptrend, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are rising, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.3292 and 1.4721.
As expected, yesterday's uptrend broke through 1.3632 dynamic resistance, reaching high at 1.3797. Current slide to 1.3632 is by all means a corrective one, so expect one more upswing above 1.3800, towards 1.3887, which appears to be a perfect reversal point for the next slide to 1.3222.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3752 | 1.3797 | 1.3945 | 1.4865 |
| Support | 1.3632 | 1.3530 | 1.3280 | 1.2547 |
__________
USD/JPY
Current level - 91.19
The pair has finalized its consolidation above 90.95 at 97.48 and the general downtrend has been renewed, targeting 79.86. Trading is situated below the 50- and 200-day SMA, currently projected at 107.61 and 105.76.
The strong impulse from 94.64 confirms our view, that the rise 87.12-94.64 was corrective in nature, preceding next leg downwards to 86.31 and 83.01. Intraday bias is again negative for 89.75 with a risk limit above 91.59.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 91.59 | 92.83 | 94.64 | 97.48 |
| Support | 90.12 | 89.75 | 87.12 | 79.83 |
__________
GBP/USD
Current level- 1.5239
The pair is in a downtrend from 2.0153, targeting 1.3768. Trading is situated below the 50- and 200-day SMA, currently projected at 1.5505 and 1.8341.
With the break below 1.4477, the general downtrend has been renewed, targeting 1.3768. Current consolidation above 1.4382 is obviously larger than expected and has reached 1.5372, but there is still no confirmation, that the topping process has already ended. Important support is 1.4984. Intraday bias is flat and will transform in bullish above 1.5271.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.5276 | 1.5372 | 1.5722 | 1.6301 |
| Support | 1.5126 | 1.4986 | 1.4103 | 1.3678 |
