EUR/USD
Current level-1.2624
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 first target at 1.2547 has been almost reached with yesterday's low at 1.2556 and currently a minor consolidation is underway, with a potential for 1.2671 before next drowning to 1.2421. Reliable resistance on the upside is 1.2705 and crucial for the downtrend remains 1.2799.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.2671 | 1.2705 | 1.2799 | 1.3090 |
| Support | 1.2547 | 1.2421 | 1.2421 | 1.2330 |
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USD/JPY
Current level - 92.61
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.
A minor consolidation is still on the run below this week's high at 92.74 and the bias remains bullish for 93.12-93.64. Crucial is 91.60.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 92.74 | 93.12-64 | 94.64 | 97.48 |
| Support | 91.60 | 89.53 | 87.12 | 79.83 |
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GBP/USD
Current level- 1.4186
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.
Having bottomed at yesterday's low at 1.4122, the pair rose sharply , peaking at the 1.4321 resistance zone. While holding below that level, there is a chance for one more test in the 1.4020-50 zone and only a break above 1.4321 will target directly 1.4590.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4321 | 1.4431 | 1.4590 | 1.4986 |
| Support | 1.4122 | 1.4050 | 1.4020 | 1.3506 |
