EUR/USD
Current level-1.4242
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 1.4037 and 1.3372.
An impulsive uptrend is on the run from last Friday's low at 1.4014 and we expect it to break above the upper range border at 1.4338, towards 1.45+. More closely speaking, a consolidation is underway, that will correct the 1.4014-1.4309 advance before next leg upwards. Intraday bias is neutral, with support around 1.4190 and resistance at 1.4260.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4265 | 1.43338 | 1.4338 | 1.4720 |
| Support | 1.4190 | 1.4150 | 1.3830 | 1.3425 |
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USD/JPY
Current level - 94.86
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 pair reversed below 96.10 and is currently in a downtrend for 94.01, en route to 93.07. Intraday support comes at the dynamic 94.50 and important resistance is 95.22.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 95.22 | 95.87 | 96.43 | 101.42 |
| Support | 94.50 | 94.01 | 93.07 | 87.12 |
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GBP/USD
Current level- 1.6727
The pair is in an downtrend, after peaking at 1.6746. Trading is situated above the 50- and 200-day SMA, currently projected at 1.6324 and 1.5155.
The overall bias here is extremely bullish for 1.7025 and we think, that current consolidation below 1.6778 is of a minor degree, so later today we will expect a test of the 1.6846 resistance, before major correction unfolds.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.6778 | 1.6846 | 1.7025 | 1.7447 |
| Support | 1.6712 | 1.6662 | 1.6470 | 1.6030 |
