EUR/USD
Current level-1.2893
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.
After yesterday's break below 1.2811, the pair accelerated its downmove, reaching low at 1.2722. The strong rebound from that level doesn't look corrective at all, so we are tempted to think, that a significant reversal took place at 1.2722 and the pair is already in a bullish phase towards 1.3328 and 1.38+. From an intraday point of view the pair is in a minor consolidation below 1.2943, before breaking beyond, towards 1.3093.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.2945 | 1.2997 | 1.31+ | 1.3328 |
| Support | 1.2843 | 1.2705 | 1.2547 | 1.2330 |
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USD/JPY
Current level - 91.08
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 minor resistance at 90.73 was broken and the pair is heading probably for one more test in the 92.21 zone. Intraday bias is positive for 91.53.
| 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- 1.4365
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 yesterday's low at 1.4136, the pair has set a final of the slide from 1.4985 and we believe, that an uptrend has emerged, targeting 1.4985 again. From an intraday point of view, the bias is extremely positive for the nearest resistance at 1.4590, en route to 1.4985.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4421 | 1.4590 | 1.4986 | 1.5722 |
| Support | 1.4315 | 1.4136 | 1.4020 | 1.3506 |
