EUR/USD
Current level-1.3196
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.
With yesterday's spike low to 1.2965, the downtrend from 1.3296 has been reversed and the bias is positive for 1.33+. Intraday support comes at 1.3162 and crucial is 1.3119. On the 4 h chart targets are 1.3391 and 1.3580.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3212 | 1.3296 | 1.3391 | 1.3869 |
| Support | 1.3119 | 1.2956 | 1.2576 | 1.2328 |
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USD/JPY
Current level - 96.72
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.
With the recent bottom at 95.64, the pair has entered a larger corrective phase with a minimum target at 97.70 resistance zone. Intraday bias is positive, well supported above 96.61, for 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- 1.4707
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.
As expected, yesterday's minor downtrend ended above 1.4510 and an uptrend emerged, targeting 1.4772-4821 zone. Current upmove is expected to be the last wave of the consolidation pattern above 1.4398, preceding sharp slide towards 1.4112. Important is 1.4510, as this level will be the trigger of the expected sell-off.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4772 | 1.4846 | 1.5065 | 1.5727 |
| Support | 1.4504 | 1.4422 | 1.4112 | 1.3103 |
