EUR/USD
Current level-1.3552
EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.2951 and 1.3834.
Although Wednesday's rise from 1.3417 was quite an impulsive one, there is still no confirmation, that the expected uptrend for 1.3821 is on the run. We favor one more slide towards 1.3328-60, before major reversal and a sharp advance to 1.3821.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3646 | 1.3678 | 1.3740 | 1.3869 |
| Support | 1.3512 | 1.3328 | 1.3328 | 1.2457 |
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USD/JPY
Current level - 97.99
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 94.12 and 99.36.
Although the pair broke through the previous high at 98.56, it could not break beyond 98.98, so currently a minor downtrend is on the run, that is expected to be the last wave of the consolidation below 98.98. A clear break above 98.98 will target 101.12. Intraday resistance comes at 98.22, followed by the crucial 98.48.
| 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- 1.4428
The pair is in a corrective phase, after bottoming at 1.3506. Trading is situated between the 50- and 200-day SMA, currently projected at 1.4259 and 1.6470.
As expected, the pair was sold sharply from 1.4638, reaching low at 1.4390. The intraday bias is still negative for 1.4310, with a risk limit above the 1.4517 resistance.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4517 | 1.4772 | 1.4986 | 1.5727 |
| Support | 1.4390 | 1.4310 | 1.3960 | 1.30+ |
