EUR/USD
Current level-1.2801
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.
The break below 1.2893 denied the possibility, that a significant bottom has been placed at 1.2824 and the downtrend from 1.4720 has been renewed, targeting 1.2669. Intraday bias is negative for 1.2734 with nearest resistance at 1.2843.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.2864 | 1.3080 | 1.3383 | 1.4365 |
| Support | 1.2779 | 1.2669 | 1.2547 | 1.2330 |
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USD/JPY
Current level - 88.34
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. The recent 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.
The pair could not break beyond 1.3977 and the overall downtrend has been renewed, targeting 1.3372. Intraday bias is negative for 1.3467 and 1.3372 with a risk limit above 1.3681.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3756 | 1.4020 | 1.5722 | 1.6301 |
| Support | 1.3502 | 1.3372 | 1.3372 | 1.30+ |
