EUR/USD
Current level-1.3774
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 pair broke through 1.3740 resistance, reaching high at 1.3830. Current consolidation below 1.3830 is expected to retest 1.3740 before next leg upwards, for 1.3921 target zone. Intraday support comes at 1.3740, followed by 1.3710. Crucial on the 4h. chart remains 1.3582.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3830 | 1.3921 | 1.3921 | 1.43+ |
| Support | 1.3740 | 1.3710 | 1.3582 | 1.2887 |
__________
USD/JPY
Current level - 94.47
A short-term bottom has been set at 87.12 and a large consolidation is unfolding since. Trading is situated below the 50- and 200-day SMA, currently projected at 98.13 and 97.75.
We still favor one more upswing to at least 95.40 before sharp drowning towards 91.69 and 87.12. Crucial on the 4h chart is 96.70 and intraday resistance can be spotted around 95.43.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 94.70 | 95.40 | 96.70 | 99.55 |
| Support | 94.01 | 93.58 | 93.58 | 87.12 |
__________
GBP/USD
Current level- 1.5760
The pair is in an uptrend, after bottoming at 1.3506. Trading is situated above the 50- and 200-day SMA, currently projected at 1.4778 and 1.5510.
Our target at 1.5727 was filled with yesterday's peak at 1.5816, but the overall bias remains bullish and after current consolidation, which is expected to be limited above 1.5702, the uptrend will be renewed for 1.5963 and 1.6292.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.5816 | 1.5963 | 1.6292 | 1.70+ |
| Support | 1.5702 | 1.5352 | 1.5116 | 1.3657 |
