EUR/USD
Current level-1.3824
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.
Yesterday's test of the 1.40+ resistance failed and the pair is still in the corrective pattern below 1.4050. The overall uptrend is intact and although there is a chance for an intraday test of the 1.3740 support, we think it will fail and later today a break above 1.3997 will confirm, that the positive bias for 1.4172 and 1.4367 has been sustained.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3997 | 1.4162 | 1.4367 | 1.4720 |
| Support | 1.3740 | --- | 1.3740 | 1.3425 |
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USD/JPY
Current level - 96.82
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.
The uptrend from 93.83 appeared to be stronger than expected and after easily overtaking our target at 96.12 has peaked at 97.05. The intraday bias remains positive for 97.90, but we continue to believe, that current rebound from 93.82 is just a corrective wave, preceding a sharp slide towards 87.12.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 97.12 | 97.90 | 97.90 | 99.55 |
| Support | 96.12 | 94.55 | 93.58 | 87.12 |
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GBP/USD
Current level- 1.5889
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.
Recent slide from the 1.6086 local top is nothing more than a corrective wave, so the overall bias remains positive for 1.6292. Crucial is 1.5772 and an intraday confirmation for renewed bullish bias will be received above 1.5980.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.5980 | 1.6134 | 1.6292 | 1.70+ |
| Support | 1.5812 | 1.5772 | 1.5116 | 1.3657 |
