EUR/USD
Current level-1.3171
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.
Last week's high at 1.3337 set the beginning of a new downtrend, aiming at 1.2942 and 1.2860. Intraday bias is neutral and the volatility is expected to be low, as most of the financial markets will remain closed today.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3267 | 1.3365 | 1.3740 | 1.3869 |
| Support | 1.3092 | --- | 1.3092 | 1.2457 |
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USD/JPY
Current level - 100.42
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 consolidation below 101.47 is still on the run and there is a chance for one more dip to 98.87 before completion and rise towards 102.16.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 100.86 | 102.16 | 103.55 | 107.93 |
| Support | 99.16 | 98.86 | 97.75 | 93.58 |
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GBP/USD
Current level- 1.4661
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 consolidation above 1.4579 is almost complete, so expect a break below 1.4582 to trigger a sell-off towards 1.4431.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4844 | 1.4986 | 1.4986 | 1.5727 |
| Support | 1.4582 | 1.4513 | 1.4430 | 1.3670 |
