EUR/USD
Current level-1.2985
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 uptrend from 1.2457 is still intact and the rebound from 1.3074 looks corrective in nature. Only below 1.2862 current bullish outlook will be transformed in bearish. Intraday support comes at 1.2944 and resistance is projected at 1.3030, as if that level gives way, next target will be 1.3328.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3030 | 1.3096 | 1.31+ | 1.3328 |
| Support | 1.2944 | 1.2862 | 1.2547 | 1.2330 |
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USD/JPY
Current level - 98.60
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 the break of the dynamic resistance at 98.52, important is 99.19. A break above 99.19 will target 100.13 and 102.16.
| 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- 1.4048
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 uptrend peaked at 1.4229 and intraday bias is still negative for 1.3938 and 1.3842. Crucial on the upside is 1.4135.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4135 | 1.4365 | 1.4986 | 1.5727 |
| Support | 1.3938 | 1.3825 | 1.3506 | 1.30+ |
