EUR/USD
Current level-1.2953
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.
The sell-off from 1.3328 was confirmed to be an impulsive one with Monday's break below 1.2769, so current bias is negative for 1.2547 and 1.2421. As expected the pair broke through 1.2915, reaching high at 1.3069 and currently a downtrend is on the run, towards 1.2801 and 1.2705.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.2970 | 1.3069 | 1.3328 | 1.3820 |
| Support | 1.2915 | 1.2801 | 1.2705 | 1.2330 |
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USD/JPY
Current level - 89.05
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.
Still in the broad consolidation above 87.12 and there are no signs of topping so far. Only below 88.01 the pair will enter a fast downtrend towards 86.31 and 83.01. Intraday bias is neutral and we expect it to transform into bullish after a clear break above 89.68.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 89.69 | 91.24 | 91.59 | 94.64 |
| Support | 88.43 | 88.01 | 87.12 | 79.83 |
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GBP/USD
Current level- 1.4401
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 last week's peak at 1.4512 the pair has entered a larger corrective phase, and its second phase is close to completion. Expect one more upswing to 1.4489 to end the rise from 1.4050, followed by a downtrend towards 1.4020.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4496 | 1.4512 | 1.4620 | 1.5722 |
| Support | 1.4368 | 1.4293 | 1.4020 | 1.3506 |
