EUR/USD
Current level-1.3891
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.
As expected, the pair broke through 1.3944 "trigger" support and after brief retest of the 1.4040 resistance in Friday, the downtrend is renewed for 1.3803, en route to 1.3720 and 1.35+. Intraday resistance can be found around 1.3944 and crucial is 1.4001.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3944 | 1.4001 | 1.4178 | 1.4338 |
| Support | 1.3865 | 1.3803 | 1.3796 | 1.3425 |
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USD/JPY
Current level - 98.22
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.
Probably the consolidation below 98.96 is over at 97.29 and the bias is positive for 98.90 and 99.72. Currently a minor consolidation is unfolding below 98.55 resistance and we expect it to be limited above 97.88 before next leg upwards to 98.96. On the downside important is the dynamic support at 97.52.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 98.55 | 98.96 | 99.74 | 101.42 |
| Support | 97.88 | 96.90 | 93.58 | 87.12 |
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GBP/USD
Current level- 1.6322
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.
As expected the pair was sold-off from the recent high at 1.6621 and is currently aiming at 1.6241 support, en route to 1.6082. Important resistance on the upside is 1.6391.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.6360 | 1.6396 | 1.6523 | 1.70+ |
| Support | 1.6241 | 1.6083 | 1.5778 | 1.5352 |
