EUR/USD
Current level-1.2921
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.
The pair reached our first target at 1.2942 and after brief consolidation we will expect continuation of the downtrend, towards 1.2738 and 1.2578. First resistance on the upside is 1.3092, followed by the crucial 1.3383.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3092 | 1.3380 | 1.3740 | 1.3869 |
| Support | 1.2876 | 1.2738 | 1.2576 | 1.2328 |
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USD/JPY
Current level - 98.11
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 downtrend is intact with nearest resistance at 98.52, followed by the crucial 99.75. Further drowning is to be expected, towards 95.83 and 93.58.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 98.52 | 99.75 | 103.55 | 107.93 |
| Support | 97.67 | 85.82 | 93.58 | 87.12 |
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GBP/USD
Current level- 1.4518
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 downtrend from 1.5065 broke through 1.4583 support and is aiming at 1.4111 and 1.38+. Current consolidation is expected to be limited below 1.4583-4603.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4583 | 1.4765 | 1.5065 | 1.5727 |
| Support | 1.4467 | 1.4112 | 1.38+ | 1.3103 |
