EUR/USD
Current level-1.2748
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.
Unfortunately, today's gap took away the bullish momentum and 1.2705 support is put on test again. We still do think, that this level will hold for now, at least for an intraday rise towards 1.2860.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.2793 | 1.2940 | 1.31+ | 1.3328 |
| Support | 1.2705 | 1.2657 | 1.2547 | 1.2330 |
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USD/JPY
Current level - 91.67
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.
With the recent peak at 92.13 the pair has tested again the 92.23 resistance and reversed on the lower frames, so intraday bias is negative for 90.73. Beyond 92.23 next resistance lies at 93.12.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 92.12 | 92.21 | 93.12 | 94.64 |
| Support | 90.73 | 89.53 | 87.12 | 79.83 |
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GBP/USD
Current level- 1.4187
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 a gap of almost 100 pips, the bias is bearish, but keep in mind, that recent low at 1.4137 is a good support, followed by the important on the daily frame 1.4020-50 zone. Intraday we favor a minor uptrend towards 1.4360 in order to fill last night's gap, as a break above 1.4260 will confirm our idea. An eventual slide below 1.4137 will target the 1.4020-50 zone.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4260 | 1.4365 | 1.4590 | 1.4986 |
| Support | 1.4137 | 1.4050 | 1.4020 | 1.3506 |
