EUR/USD
Current level-1.4247
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 pair is in the third leg of the minor corrective wave above 1.4117, so expect a reversal around current levels, that should initiate a downtrend below 1.4171, towards 1.4050 support zone. Intraday bias is still positive and the expected reversal will be confirmed after a break below 1.4225.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4291 | 1.4337 | 1.4338 | 1.4720 |
| Support | 1.4171 | 1.4092 | 1.3830 | 1.3425 |
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USD/JPY
Current level - 94.82
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.
Still in the minor consolidation below 95.29 and there is still a chance for on more downswing to 94.31 before next advance towards 96.12 resistance level.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 95.29 | 96.52 | 99.74 | 101.42 |
| Support | 94.30 | 91.67 | 89.60 | 87.12 |
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GBP/USD
Current level- 1.6488
The pair is in an downtrend, after peaking at 1.6746. Trading is situated above the 50- and 200-day SMA, currently projected at 1.4778 and 1.5510.
After bottoming at 1.6379, the pair is in a minor uptrend, that is expected to peak around 1.6530 before next leg downwards, to 1.6292. The intraday bias is positive with a risk limit below 1.6470 support level.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.6585 | 1.6663 | 1.6746 | 1.70+ |
| Support | 1.6454 | 1.6307 | 1.5778 | 1.5352 |
