EUR/USD
Current level-1.3964
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 break above 1.3944 resistance is probably the final wave of the consolidation above 1.3746, so expect a reversal below 1.4050 to start a new downtrend towards 1.35+. Crucial is 1.4178. Intraday bias is still positive for 1.4050 with support above 1.3930 and crucial level below 1.3830.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4050 | -- | 1.4178 | 1.4338 |
| Support | 1.3930 | 1.3830 | 1.3720 | 1.3425 |
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USD/JPY
Current level - 96.02
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. Crucial is 96.78.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 96.78 | 98.96 | 99.74 | 101.42 |
| Support | 95.50 | 94.46 | 93.58 | 87.12 |
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GBP/USD
Current level- 1.6434
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 sell-off bottomed at 1.6214 and sharp reversal followed, provoking a rise towards 1.6450. The intraday bias is positive with a maximum target at 1.6594, but we will keep our view, that the pair has no potential for breaking beyond 1.6623, so a sharp reversal is to be expected below 1.6594 for a sell-off towards 1.5778 support. Important trigger on the downside is 1.6345.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.6452 | 1.6594 | 1.6663 | 1.6663 |
| Support | 1.6342 | 1.6083 | 1.5778 | 1.5352 |
