EUR/USD
Current level-1.2897
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.
As expected the pair bounced from 1.2746, reaching high at 1.2991. Intraday bias is negative for 1.2836 and 1.2746, with resistance at 1.2918 and crucial level at 1.2955. The overall trend remains bearish for 1.2701 and 1.2547.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.2955 | 1.3069 | 1.3328 | 1.3820 |
| Support | 1.2836 | 1.2746 | 1.2705 | 1.2330 |
__________
USD/JPY
Current level - 91.17
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.
As expected the pair was well supported at 90.73 and the rise from these levels doubled the top at 92.21. Intraday bias is negative, but only a clear break below 90.73 will set next target at the dynamic 89.38. We will keep our short-term view, that current range above 87.12 precedes a strong downtrend towards 83.01.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 91.56 | 92.21 | 93.12 | 94.64 |
| Support | 90.73 | 89.38 | 87.12 | 79.83 |
__________
GBP/USD
Current level- 1.4748
The pair is in a larger corrective phase towards 1.60+, after bottoming at 1.3506. Trading is situated below the 50- and 200-day SMA, currently projected at 1.5505 and 1.8341.
With last week's break above the crucial 1.4576 the pair has confirmed, that the corrective phase is already over and the uptrend has been renewed towards 1.4986 and 1.5372. Intraday support comes at 1.4649 and crucial is 1.4607.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4801 | 1.4986 | 1.5370 | 1.5722 |
| Support | 1.4641 | 1.4607 | 1.4020 | 1.3506 |
