EUR/USD
Current level-1.2971
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.
After breaking below the crucial 1.3211, the pair has accelerated its downtrend from 1.3382, thus confirming, that the rise from 1.3027 was corrective in nature, preceding new lows below 1.3027. Current target is set at 1.2777 and crucial is 1.3031.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3031 | 1.3211 | 1.3383 | 1.4365 |
| Support | 1.2912 | 1.2777 | 1.2547 | 1.2330 |
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USD/JPY
Current level - 90.57
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. After breaking above 89.24, a bottom was confirmed to be set at 88.52 and the pair is in a larger corrective phase and its first phase is probably completed at 91.29, so current bias is neutral in the 89.86-91.29 range.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 91.02 | 91.59 | 91.59 | 94.64 |
| Support | 88.90 | 88.43 | 87.12 | 79.83 |
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GBP/USD
Current level- 1.4021
The pair is in a downtrend from 2.0153, targeting 1.3678. Trading is situated below the 50- and 200-day SMA, currently projected at 1.5505 and 1.8341.
As expected, the downtrend accelerated and reached local low at 1.3941. We hold on to our view, that the current sell-off is aiming at our mid-term target at 1.3678. Intraday bias is negative for 1.3812.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4139 | 1.4473 | 1.5722 | 1.6301 |
| Support | 1.3941 | 1.3812 | 1.3678 | 1.35+ |
