EUR/USD
Current level-1.3536
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.
Friday's test of the 1.3342 support failed and the pair reversed at 1.3365, reaching high today at 1.3581. There are still no signs of a reversal here, but we will keep our view, that 1.3647 should limit the upside, for next leg downwards, to 1.3092.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3582 | 1.3647 | 1.3740 | 1.3869 |
| Support | 1.3482 | 1.3365 | 1.3092 | 1.2457 |
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USD/JPY
Current level - 101.19
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.
The pair is overbought on the 1 and 4 hour charts, so a reversal should be expect somewhere below 102.16, for 98.67.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 102.16 | 103.55 | 103.55 | 107.93 |
| Support | 100.43 | 99.34 | 98.61 | 93.58 |
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GBP/USD
Current level- 1.4919
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.
The pair faces 1.4986 resistance again and we are tempted to think, that current test will fail, and will initiate a corrective downmove for 1.4612. Nevertheless, while above 1.4844, the overall bias remains positive.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4986 | --- | 1.4986 | 1.5727 |
| Support | 1.4844 | 1.4783 | 1.4612 | 1.3670 |
