EUR/USD
Current level-1.3005
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 consolidation was limited below 1.3020 and from 1.2969 the downtrend was renewed, reaching low at 1.2824.
There are signs, that 1.2824 could be a significant bottom and a start point of a new uptrend towards 1.4153. Intraday bias is positive, so expect a break above 1.3090, en route to 1.3382.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3090 | 1.3383 | 1.3383 | 1.4365 |
| Support | 1.2912 | 1.2777 | 1.2547 | 1.2330 |
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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. Yesterday's test of the 87.12 support failed, but the overall bias is still negative while holding below 90.16.
| 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- 1.3905
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.
Yesterday's sell-off fulfilled our mid-term target at 1.3678, and with the low at 1.3621 there is a chance, that a significant bottom is already in place. Intraday bias is positive, so expect a break above 1.3977 to aim directly at 1.4473.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3977 | 1.4473 | 1.5722 | 1.6301 |
| Support | 1.3812 | 1.3723 | 1.3622 | 1.35+ |
