EUR/USD
Current level-1.3987
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.
Obviously the pair is still in the prolonged consolidation above 1.3746, so allow one more upward swing in the 1.4178-4199 area, before deeper drowning bellow 1.3830.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4080 | 1.4178 | 1.4338 | 1.4720 |
| Support | 1.3882 | 1.3830 | 1.3720 | 1.3425 |
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USD/JPY
Current level - 95.31
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.
Friday's minor sell dipped few pips below our ideal target at 95.28 and now the pair is ready for a break beyond 95.61 resistance, towards 96.10.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 97.10 | 98.90 | 99.74 | 101.42 |
| Support | 95.50 | 93.58 | 93.58 | 87.12 |
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GBP/USD
Current level- 1.6489
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.
The bias is still positive for 1.6623 and on the larger frames the pair is anchored in the 1.3190-6663 range. We favor a reversal below 1.6663 for one more downswing towards 1.6190.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.6560 | 1.6663 | 1.6663 | 1.70+ |
| Support | 1.6421 | 1.6190 | 1.5778 | 1.5352 |
