EUR/USD
Current level-1.2961
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 fast rebound from 1.2769 took out the bearish momentum and current bias is neutral while the pair stays in the 1.3080-1.2861 range. Only a break above 1.3080 will clear the road for 1.4135 and will state, that a bottom is already in place.
| 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 - 89.53
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- 1.3801
The pair is in a the last phase of the downtrend from 2.0153. Trading is situated below the 50- and 200-day SMA, currently projected at 1.5505 and 1.8341.
With the recent low at 1.3506 the pair entered a larger corrective phase, that is expected to be limited below 1.3846 before next leg downwards to 1.3372. Crucial on the upside is 1.3911 as a break beyond that level will confirm a mid-term bottom at 1.3506.
Intraday bias is positive with a risk/reverse below 1.3720.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3911 | 1.4020 | 1.5722 | 1.6301 |
| Support | 1.3720 | 1.3372 | 1.3372 | 1.30+ |
