EUR/USD
Current level-1.3012
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 1.3035 and 1.3589.
Still in the consolidation above 1.2889, the pair is testing the important 1.3092 resistance zone. We hold on to our view, that current test will fail and new downtrend will emerge from current levels, targeting 1.2738, en route to 1.2579.
| 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 - 98.27
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 98.86, 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- 1.4554
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 1.4398 and 1.5977.
As expected, the downtrend from 1.5065 broke through 1.4583 support and is aiming at 1.4111 and 1.38+. Intraday bias is neutral, but a break below 1.4450 is expected to trigger a sell-off towards 1.4112.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4583 | 1.4765 | 1.5065 | 1.5727 |
| Support | 1.4467 | 1.4112 | 1.38+ | 1.3103 |
