EUR/USD
Current level-1.3862
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.
A larger consolidation pattern unfolds above recent low at 1.3746 and we expect current rebound to be limited below 1.3944 before next leg downwards, to 1.35+. Crucial on the upside is 1.4178.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3944 | 1.4001 | 1.4178 | 1.4338 |
| Support | 1.3812 | 1.3746 | 1.3720 | 1.3425 |
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USD/JPY
Current level - 96.57
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.
Yesterday's reversal at 98.55 marks the beginning of a downtrend towards 93.82 and probably to 91.62. Nearest resistance comes at 97.03 and the bias is negative for 94.64.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 98.55 | 98.96 | 99.74 | 101.42 |
| Support | 96.06 | 94.46 | 93.58 | 87.12 |
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GBP/USD
Current level- 1.6340
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.
There is a possibility, that the recent low at 1.6211 marks the end of the downtrend from 1.6623, but while 1.6436 holds, the bias remains negative. We are rather neutral on this pair, keeping in mind, that the intraday bias is positive with nearest support at 1.6317 and crucial level below 1.6262.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.6436 | 1.6534 | 1.6534 | 1.6663 |
| Support | 1.6241 | 1.6083 | 1.5778 | 1.5352 |
