EUR/USD
Current level-1.3267
EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are rising, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3292 and 1.4721.
Monday's break above 1.3080 confirmed, that a short-term bottom has been set at 1.2769 and the pair is in an uptrend towards 1.4135.Current corrective phase below 1.3328 is expected to end in the next few hours, followed by a sharp rise towards 1.3530.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3328 | 1.3380 | 1.3530 | 1.4135 |
| Support | 1.3172 | 1.3080 | 1.2547 | 1.2330 |
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USD/JPY
Current level - 89.26
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- 1.4275
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.
Monday's break above 1.3911 confirmed, that a local bottom has been set at 1.3506 and currently an uptrend is on the run, towards 1.4620. Keeping in mind, that the internal structure of the rise from 1.3506 is not an impulsive one, but a clearly corrective in nature, we have to accept the current uptrend, being only a corrective phase, a part of the downtrend since 1.5722. Nevertheless, intrady bias is positive, targeting 1.4470.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4374 | 1.4470 | 1.4620 | 1.5722 |
| Support | 1.4035 | 1.3920 | 1.3372 | 1.30+ |
