EUR/USD
Current level-1.3468
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 consolidation below 1.3740 is larger than expected and will probably aim at 1.3412-3385 before next leg upwards, to 1.3822-69 target zone. Expect a break above 1.3582 to confirm, that a bottom is in place and the uptrend is renewed for 1.3821.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3495 | 1.3678 | 1.3740 | 1.3869 |
| Support | 1.3412 | 1.3328 | 1.3328 | 1.2457 |
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USD/JPY
Current level - 97.66
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 dynamic resistance at 98.56 holds for now, so a drowning to 96.53 is expected before next leg upwards, for 100.13.
| 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- 1.4618
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.
A minor consolidation is underway and it will probably aim at 1.4538 before reversal and renewal of the uptrend for 1.4986.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4683 | 1.4772 | 1.4986 | 1.5727 |
| Support | 1.4523 | 1.4310 | 1.3960 | 1.30+ |
