• EUR/USD

eurusd020709


 Current level-1.4103

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.
  
After breaking above 1.4103 resistance, the pair peaked at 1.4201 and current bias is negative. A clear break below 1.4001 will target directly 1.3890, en route to 1.3721.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.41521.42011.43381.4720
Support1.40011.38891.37201.3425

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  • USD/JPY

usdjpy010709

 Current level - 96.67

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.

A consolidation unfolds below yesterday's high at 96.98 and it precedes the final upswing to 97.40-60 zone. The intraday bias is neutral.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance97.40-6098.9099.74101.42
Support96.1295.5093.5887.12

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  • GBP/USD

gbpusd020709

 Current level- 1.6393

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 the minor rebound from 1.6382, the pair is ready for the next leg downwards, toward 1.6190 major support. Important resistance on the upside is 1.6448.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.64801.66631.66631.70+
Support1.63121.61901.57781.5352