EUR/USD
Current level-1.3867
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.
Friday's test of the 1.40-4050 resistance zone failed and the pair is in the expected downtrend towards 1.3720, en route to 1.35+. Intraday resistance comes at 1.3890 and current target is set at 1.3720.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3946 | 1.4050 | 1.4178 | 1.4338 |
| Support | 1.3830 | 1.3721 | 1.3720 | 1.3425 |
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USD/JPY
Current level - 96.03
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.
As expected, the test of the 97.10-30 resistance zone failed and the pair is ready for the next leg downwards, to 93.58. The intraday bias is still neutral, so one more upswing to 96.64 can not be ruled out yet.
| 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- 1.6415
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.
Friday's minor uptrend almost reached our reversal target at 1.6570 and a new downtrend is on the run, targeting 1.6187, en route to 1.5778. Resistance is 1.6460, followed by the crucial 1.6507.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.6507 | 1.6623 | 1.6663 | 1.6663 |
| Support | 1.6342 | 1.6083 | 1.5778 | 1.5352 |
