EUR/USD
Current level-1.3910
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.
Still in the consolidation pattern above 1.3746 and we will continue to expect further depreciation towards 1.3720 and 1.35+. Intraday resistance comes at 1.3944, followed by the dynamic 1.4050.
| 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 - 96.40
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.
Obviously the consolidation above 96.07 is over, so expect further drowning towards 93.58, en route to 91.60. Resistance is seen at 97.10-30.
| 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- 1.6424
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.
After yesterday's break above the crucial 1.6436 the pair reached high at 1.6507. We hold on to our view, that it is too early for a break beyond 1.6623 and the consolidation below 1.6663 is far from its completion, so we will expect a fast downtrend to emerge around current levels towards 1.6083, en route to 1.5778.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.6532 | 1.6623 | 1.6663 | 1.6663 |
| Support | 1.6241 | 1.6083 | 1.5778 | 1.5352 |
