EUR/USD
Current level-1.2631
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.
Our intraday target at 1.2753 was precisely hit and the pair reversed, reaching low at 1.2599. Intraday bias is negative for 1.2501, but until the pair holds above 1.2477, there will still be a risk for one more upward attempt for 1.2801.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.2753 | 1.2863 | 1.2996 | 1.3328 |
| Support | 1.2599 | 1.2512 | 1.2477 | 1.2330 |
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USD/JPY
Current level - 98.51
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.
Probably the corrective phase below 99.69 is of a minor degree and there is a chance, that it has already bottomed at 96.59, so current bias is positive for 100.13. Nevertheless, a significant reversal is near and a major top should be placed somewhere in the 100.13-102.16 zone. Intraday support comes at 97.99, as if we see a break below that level, 96.59 will be put on test again.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 99.69 | 100.13 | 102.16 | 103.55 |
| Support | 96.83 | 96.35 | 94.64 | 89.83 |
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GBP/USD
Current level- 1.4001
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.
As expected, Friday's minor uptrend peaked at 1.4306, completing the corrective phase above 1.3960 and currently the pair is in a downtrend towards 1.3825 and 1.3506. Intraday resistance comes at 1.4040, followed by the crucial 1.4123.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4040 | 1.4365 | 1.4986 | 1.5727 |
| Support | 1.3960 | 1.3825 | 1.3506 | 1.30+ |
