EUR/USD
Current level-1.3417
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.
The corrective phase below 1.3438 was briefer than expected and with current support at 1.3244 the pair is aiming at 1.3501 and 1.3589. Crucial is , of course, 1.3244.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3472 | 1.3521 | 1.3589 | 1.3740 |
| Support | 1.3244 | 1.3106 | 1.2965 | 1.2328 |
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USD/JPY
Current level - 99.24
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 yesterday's break above the crucial 99.25 the negative bias was neutralized and the situation here is a clear "stand aside". A break below 98.90 will trigger a sell towards 97.64 with a risk limit above 99.70.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 99.75 | 100.74 | 103.55 | 107.93 |
| Support | 98.90 | 97.65 | 93.58 | 87.12 |
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GBP/USD
Current level- 1.5045
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.
Yesterday's intraday high marked a minor top at 1.5196 and obviously the pair entered into a corrective phase, but the uptrend on the 4 h. chart from 1.3657 is still intact, so the bias is rather neutral on the lower frames. From an intraday point of view, a break below 1.4967 will renew the minor downtrend from 1.5196 and will target the dynamic support around 1.4710.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.5172 | 1.5301 | 1.5370 | 1.5727 |
| Support | 1.4978 | 1.4746 | 1.4112 | 1.3103 |
