EUR/USD
Current level-1.2971
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.
Yesterday's break above 1.2953 resulted in a fast uptrend to 1.3074 where the pair reversed, hitting low at 1.2834. Today's intraday bias is positive for 1.3055, with a risk limit below 1.2911, as a break below that level will target directly 1.2746 and 1.2705 later on.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.2986 | 1.3056 | 1.3328 | 1.3820 |
| Support | 1.2834 | 1.2705 | 1.2547 | 1.2330 |
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USD/JPY
Current level - 90.02
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 broke through the 90.73 support, reaching low at 89.96. Intraday bias is negative for 89.38, enroute to 88.63. 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 | 90.73 | 92.21 | 93.12 | 94.64 |
| Support | 89.51 | 88.63 | 87.12 | 79.83 |
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GBP/USD
Current level- 1.4453
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.
As expected, the pair broke through the 1.4706 support and reached low at 1.4398. Intraday bias remains negative for 1.4286 with nearest resistance at 1.4468 and crucial level at 1.4520.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4520 | 1.4986 | 1.5370 | 1.5722 |
| Support | 1.4396 | 1.4286 | 1.4020 | 1.3506 |
