EUR/USD
Current level-1.2696
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.
Yesterday's slide bottomed at 1.2553 and current minor uptrend aims at 1.2753 and probably 1.2801 before completion. We hold on to our view, that the rebound from 1.2457 is corrective in nature and precedes a sell towards 1.23+. Intraday support comes at 1.2678 and a reversal should be expected around 1.2753, that will set the beginning of a slide towards 1.2477, en route to 1.2328.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.2753 | 1.2863 | 1.2996 | 1.3328 |
| Support | 1.2550 | 1.2512 | 1.2477 | 1.2330 |
__________
USD/JPY
Current level - 98.69
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.
With yesterday's high at 99.17, the pair has entered the third part of current corrective phase, so intraday expect a minor drowning to 97.63, that will set the stage for the next leg upwards, to 102.16.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 99.69 | 100.13 | 102.16 | 103.55 |
| Support | 96.83 | 96.35 | 94.64 | 89.83 |
__________
GBP/USD
Current level- 1.3811
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.
Our target at 1.3825 was fulfilled and the pair bottomed at 1.3749. Keep in mind, that current low is only a local one and the consolidation above that level shall be limited below 1.3960 resistance, before next sell for 1.3506.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4040 | 1.4365 | 1.4986 | 1.5727 |
| Support | 1.3960 | 1.3825 | 1.3506 | 1.30+ |
