EUR/USD
Current level-1.3212
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.
New low was reached at 1.3093 and the pair is in a larger consolidation, that should be limited below 1.3256 before one more leg downwards to 1.3077-1.3046. Intraday bias is neutral, but will transform in bearish below 1.3135. Crucial on the upside is 1.3334.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3342 | 1.3444 | 1.3820 | 1.4365 |
| Support | 1.3135 | 1.3077 | 1.3006 | 1.2547 |
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USD/JPY
Current level - 89.21
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 negative for 87.59 with a risk limit above 89.96.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 89.96 | 91.01 | 91.59 | 94.64 |
| Support | 88.90 | 88.43 | 87.12 | 79.83 |
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GBP/USD
Current level- 1.4611
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. Our target at 1.4493 was successfully fulfilled and the pair is already in a corrective phase towards 1.4720 and 1.4896
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4683 | 1.4986 | 1.5722 | 1.6301 |
| Support | 1.4473 | 1.4373 | 1.4103 | 1.3678 |
