EUR/USD
Current level-1.3296
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.
Our target at 1.3222 was precisely hit earlier this morning, so current rebound is to be considered as a retest of the 1.3301-09 resistance, before next leg downwards, to 1.3077-95. Only above 1.3342, the slide from 1.3445 will be over and 1.3222 could be defined as a local bottom of the current downtrend.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3342 | 1.3444 | 1.3820 | 1.4365 |
| Support | 1.3222 | 1.3077 | 1.3077 | 1.2547 |
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USD/JPY
Current level - 88.96
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 87.69 with a risk limit above 89.53.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 89.52 | 91.59 | 94.64 | 97.48 |
| Support | 88.90 | 88.43 | 87.12 | 79.83 |
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GBP/USD
Current level- 1.4689
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.
As expected, the pair broke through the crucial 1.4896, confirming our view, that a top at 1.5372 is already in place and the bias is negative for 1.4493. On the larger frames the pair is caught in the 1.4370-1.5727 range.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4756 | 1.4986 | 1.5722 | 1.6301 |
| Support | 1.4612 | 1.4493 | 1.4103 | 1.3678 |
