EUR/USD
Current level-1.3152
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.
The pair reversed precisely at our intraday target at 1.3296 and current bias is negative for 1.3092. Keep in mind, that while the pair is above 1.3064, the slide from 1.3296 is to be considered as a corrective wave, preceding rise towards 1.3589.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3212 | 1.3296 | 1.3391 | 1.3869 |
| Support | 1.3064 | 1.2956 | 1.2576 | 1.2328 |
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USD/JPY
Current level - 96.69
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.
As expected, the pair broke through the dynamic support at 97.65 and is targeting 95.83 and 93.58. Crucial on the upside is 97.70.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 97.70 | 99.75 | 103.55 | 107.93 |
| Support | 95.83 | 93.58 | 93.58 | 87.12 |
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GBP/USD
Current level- 1.4582
The pair is in a broad corrective phase, after bottoming at 1.3506. Trading is situated between the 50- and 200-day SMA, currently projected at 1.4422 and 1.5896.
The overall bias is neutral as the pair consolidates above the projection of the 50-day SMA at 1.4422. On the intraday charts, the pair is targeting 1.4504, where a reversal should be expected for one more test in the 1.4846 resistance zone.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4760 | 1.4846 | 1.5065 | 1.5727 |
| Support | 1.4504 | 1.4422 | 1.4112 | 1.3103 |
