• EUR/USD

eurusd080109


Current level-1.3381

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.
  
 
Friday's uptrend from 1.3632 appeared to be weaker, than expected and failed to reach 1.3801, so a new downtrend emerged from 1.3742, targeting 1.3222. Intraday bias is negative, for 1.3309 and 1.3273 with a risk limit above 1.3435.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.34351.35301.38201.4365
Support1.33091.32781.32781.2547

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  • USD/JPY

usdjpy050109



Current level - 90.11


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 88.43 with a risk limit above 90.62.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance90.6291.5994.6497.48
Support89.7588.4387.1279.83

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  • GBP/USD

gbpusd070109


Current level- 1.5058


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.
 

Minor top was set at 1.5372, that requires a corrective slide towards 1.4801. A break below 1.4986 will confirm the top at 1.5372 and will state, that the rise from 1.4373 is already over. On the larger frames the pair is caught in the 1.4370-1.5727 range.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.51931.53721.57221.6301
Support1.49861.48011.41031.3678