EUR/USD
Current level-1.2524
EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3292 and 1.4721.
The negative bias has been sustained and with current break below 1.2510, the pair aims at 1.2421 and 1.2328. Only a break above 1.2678 will switch the overall sentiment to bullish.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.2601 | 1.2678 | 1.31+ | 1.3328 |
| Support | 1.2421 | 1.2328 | 1.2554 | 1.2330 |
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USD/JPY
Current level - 98.58
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 91.82 and 100.13.
The corrective phase below recent peak at 98.72 is almost complete, so a break above 98.72 should be expected, to target 100.13, en route to 102.16. Intraday support comes at 98.33.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 98.72 | 99.35 | 100.13 | 103.55 |
| Support | 98.33 | 96.35 | 94.64 | 89.83 |
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GBP/USD
Current level- 1.4019
The pair is in a corrective phase, after bottoming at 1.3506. Trading is situated below the 50- and 200-day SMA, currently projected at 1.5505 and 1.8341.
With the recent break below the important support zone at 1.4020-50, the overall bias is negative for 1.3825 and 1.3506. Intraday resistance comes at 1.4163 and crucial for the downtrend from 1.4986 is 1.4365.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4163 | 1.4365 | 1.4986 | 1.5727 |
| Support | 1.3964 | 1.3825 | 1.3506 | 1.30+ |
