EUR/USD
Current level-1.2718
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 below 1.2874 confirmed, that a top is set at 1.2996 - a final of the rise from 1.2554. While current slide from 1.2996 holds above 1.2554 it is to be considered as a corrective one, preceding next leg upwards, to 1.3092. Intraday resistance comes at 1.2771, followed by 1.2847. Crucial is 1.2554, as if we see a break below that level, trading will focus on 1.2421 again.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.2771 | 1.2847 | 1.31+ | 1.3328 |
| Support | 1.2665 | 1.2554 | 1.2421 | 1.2330 |
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USD/JPY
Current level - 95.11
A short-term bottom has been set at 87.12 and a large consolidation is unfolding since. Trading is situated between the 50- and 200-day SMA, currently projected at 90.78 and 100.29.
With the break above 94.64 the bias remains positive for 97.48 and probably 100.01. Crucial from an intraday point of view is 94.25 and important on the 4 h. chart is 92.62.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 95.73 | 97.48 | 97.48 | 100.01 |
| Support | 94.25 | 92.62 | 89.83 | 87.12 |
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GBP/USD
Current level- 1.4505
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.
A minor consolidation unfolds below yesterday's top at 1.4662 and it has some potential for 1.4376 before next leg upwards, to 1.4986.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4573 | 1.4662 | 1.4986 | 1.5727 |
| Support | 1.4446 | 1.4372 | 1.4020 | 1.3506 |
