• EUR/USD

eurusd020709


 Current level-1.4010

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.
  
1.4001 support gave way and the pair is in a downtrend towards 1.3830, en route to 1.3746. Resistance comes at 1.4043, followed by the crucial 1.4110.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.40431.41101.43381.4720
Support1.39231.38301.37201.3425

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  • USD/JPY

usdjpy030709

 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.

The intraday bias is negative for 94.86, en route to 93.82. Current minor corrective pattern is expected to be limited below 96.27.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance96.2798.9099.74101.42
Support95.7294.8093.5887.12

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  • GBP/USD

gbpusd020709

 Current level- 1.6402

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.
   
Current consolidation is expected to be limited below 1.6430, before next leg downwards, to 1.6190 support area.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.64481.66631.66631.70+
Support1.63231.61901.57781.5352