EUR/USD
Current level-1.3191
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.
With today's low at 1.3147 the pair entered a larger corrective phase, which is expected to be limited below 1.3346 before next drowning towards 1.2873. Intraday bias is positive for 1.3267 and 1.3346.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3267 | 1.3365 | 1.3740 | 1.3869 |
| Support | 1.3147 | 1.3092 | 1.3092 | 1.2457 |
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USD/JPY
Current level - 99.65
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 expected reversal is already a fact and our first target at 99.56 has been reached, so expect one more final slide to 98.87 to set the stage for next leg upwards, to 102.16.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 100.12 | 102.16 | 103.55 | 107.93 |
| Support | 99.16 | 98.86 | 97.75 | 93.58 |
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GBP/USD
Current level- 1.4666
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.
With recent bottom at 1.4583 the pair has entered the second phase of the consolidation below 1.4986 and we expect it to aim at 1.4861 later today, before one more drowning to 1.4486.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4844 | 1.4986 | 1.4986 | 1.5727 |
| Support | 1.4582 | 1.4513 | 1.4430 | 1.3670 |
