EUR/USD
Current level-1.3974
EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3064 and 1.3524.
The pair sharply reversed above the 1.3830 support zone and is currently struggling to break beyond 1.4025 dynamic resistance. Intraday bias is positive for 1.4050 and the overall uptrend is intact, aiming at 1.4162, en route to 1.4367.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4050 | 1.4162 | 1.4367 | 1.4720 |
| Support | 1.3910 | 1.3830 | 1.3740 | 1.3425 |
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USD/JPY
Current level - 95.26
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.
As expected, the pair was supported at 94.50 and peaked at 95.49. Further appreciation is to be expected, towards 96.12. Intraday risk limit is to be set below 94.96 and crucial for the whole consolidation above 93.82 is 94.55.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 95.49 | 96.12 | 96.70 | 99.55 |
| Support | 94.96 | 94.55 | 93.58 | 87.12 |
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GBP/USD
Current level- 1.5977
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.
Yesterday's dip below 1.5835 found good support at 1.5772 and the uptrend is renewed towards 1.6292. Intraday support comes at 1.5916 and crucial is 1.5772.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.60+ | 1.6134 | 1.6292 | 1.70+ |
| Support | 1.5916 | 1.5772 | 1.5116 | 1.3657 |
