EUR/USD
Current level-1.4125
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.
The break above 1.3924 cleared the road all the way up to 1.4178, and keeping in mind the strength of yesterday's uptrend, further appreciation is to be expected, towards 1.4338 high. The intraday bias is positive with support around 1.4012 and yesterday's low at 1.3830 is crucial for the current rise on the 4h. chart.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4178 | 1.4270 | 1.4338 | 1.4720 |
| Support | 1.4012 | 1.3830 | 1.3720 | 1.3425 |
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USD/JPY
Current level - 95.42
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.
The pair is still in a clear downtrend towards 93.58. Intraday resistance comes at 95.88 and only a clear break above this level can turn current bias into positive.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 95.88 | 97.90 | 99.74 | 101.42 |
| Support | 94.46 | 93.58 | 93.58 | 87.12 |
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GBP/USD
Current level- 1.6492
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 test of the 1.6190 support failed and the pair sharply reversed, starting a new uptrend towards 1.6663. The intraday bias is positive and aims at 1.6663 resistance where a brief consolidation can be expected before breaking beyond, towards 1.70+ sentiment level.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.6575 | 1.6663 | 1.6663 | 1.70+ |
| Support | 1.6399 | 1.6190 | 1.5778 | 1.5352 |
