EUR/USD
Current level-1.3359
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 1.3064 and 1.3524.
As expected, the uptrend broke through 1.3296 and is currently targeting 1.3396, en route to 1.3524. Nearest support comes at 1.3338 and crucial is 1.3265.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3396 | 1.3296 | 1.3391 | 1.3869 |
| Support | 1.3340 | 1.3265 | 1.2965 | 1.2328 |
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USD/JPY
Current level - 97.62
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.
Our minimum target at 97.70 has been already fulfilled, but the intraday bias remains positive for 98.47, while the pair holds steadily above 97.13. The rise from 95.64 is considered to be the first leg of a larger corrective phase, that tends to retrace the 101.46-95.64 slide.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 97.70 | 99.75 | 103.55 | 107.93 |
| Support | 96.40 | 95.64 | 93.58 | 87.12 |
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GBP/USD
Current level- 1.4861
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.
Our target at 1.4846 has been hit, but the overall bias is still positive and there are no signs of a reversal here, so only a break below 1.4746 would trigger a slide towards 1.4398. Meanwhile, targets are 1.4912 and 1.4976.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4912 | 1.4993 | 1.5065 | 1.5727 |
| Support | 1.4842 | 1.4746 | 1.4112 | 1.3103 |
