EUR/USD
Current level-1.3918
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.
Although the pair broke through 1.4051 resistance, current slide from yesterday's high at 1.4072 is far from corrective in nature, so we believe, that the overall ranging bias still prevails and the intraday trend is obviously negative for 1.3830. A larger rebound can be expected above 1.3830, before final slide towards 1.3746 support.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3970 | 1.4072 | 1.4338 | 1.4720 |
| Support | 1.3830 | 1.3746 | 1.3720 | 1.3425 |
__________
USD/JPY
Current level - 92.56
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.
Yesterday's brief test of the 93.58-83 resistance failed and the pair is ready for deeper drowning towards 91.67, en route to 89.60.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 93.58 | 95.52 | 99.74 | 101.42 |
| Support | 92.13 | 91.67 | 89.60 | 87.12 |
__________
GBP/USD
Current level- 1.6255
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.
With the recent break above 1.6290 critical level, 1.5983 is confirmed to be the final of the slide from 1.6746, so the overall bias is to be considered positive for 1.6548 and 1.70+. Intraday range should be limited above 1.6136-72, before next leg upwards, to 1.6548.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.6370 | 1.6548 | 1.6746 | 1.70+ |
| Support | 1.6175 | 1.6130 | 1.5778 | 1.5352 |
