• EUR/USD

eurusd100809


Current level-1.4195

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.
  
The pair broke through 1.4338 support, reaching low at 1.4154. The overall bias is negative for 1.4096, en route to 1.3746. Nevertheless, the uptrend on the daily chart is still intact with a crucial level at 1.4006, but a clear break below that key support will state, that 1.4444 is a high of a major significance.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.42351.43201.44441.50+
Support1.41541.40961.40061.3746

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  • USD/JPY

usdjpy

Current level - 97.31

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.

With the recent break above 95.82, the pair confirmed a consolidation pattern in the 95.82-94.35 area and currently a clear uptrend is on the run, aiming at 98.90 before larger corrective phase.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance97.5698.9099.03101.42
Support97.0195.8393.0787.12

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  • GBP/USD

gbpusd

Current level- 1.6653

The pair is in an uptrend, after bottoming at 1.6310. Trading is situated above the 50- and 200-day SMA, currently projected at 1.6324 and 1.5155.
   
Recent sell-off from 1.7042 is currently testing the 1.6650 support, aiming at 1.6545. A break below 1.6545 will jeopardize 1.6325 crucial level, which is the key point for current upward bias on the weekly and daily charts. From an intraday point of view, the pair is in a clear downtrend, targeting 1.6545, en route to 1.6325, with current risk limit above 1.6720.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.67201.69501.70421.7447
Support1.65451.65011.63201.6030