EUR/USD
Current level-1.2698
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.
As expected, the slide from 1.2662 bottomed at 1.2477 and probably the final leg of the corrective phase above 1.2457 is underway, targeting 1.2753. Keeping in mind, that 1.2735-53 is a strong resistance zone, we will expect reversal around these levels to provoke renewing of the downtrend towards 1.23+.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.2753 | 1.2863 | 1.2996 | 1.3328 |
| Support | 1.2612 | 1.2457 | 1.2554 | 1.2330 |
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USD/JPY
Current level - 97.48
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 impulsive nature of the slide from 99.69 clearly states, that a significant top has been set at that peak, so expect a break below 96.83 to target the important support at 94.64. Crucial on the upside is 98.50.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 98.50 | 100.13 | 102.16 | 103.55 |
| Support | 96.83 | 96.35 | 94.64 | 89.83 |
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GBP/USD
Current level- 1.4274
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.
Yesterday's sell-off from 1.4232 bottomed at 1.4045 and probably the final leg of the corrective phase above 1.3960 is on the run, targeting 1.4365 resistance zone. Intraday support comes at 1.4231 and currently 1.4161 is the trigger for a downtrend towards 1.3825.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4293 | 1.4365 | 1.4986 | 1.5727 |
| Support | 1.4161 | 1.3960 | 1.3506 | 1.30+ |
