EUR/USD
Current level-1.4261
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.
Yesterday's test of the dynamic support around 1.4096 failed and the pair is probably in a larger corrective phase, that aims to correct the whole slide from 1.4444. Intraday bias is slightly positive for 1.4310, but while the pair stays below 1.4310-0 resistance zone, the overall outlook will remain negative for 1.3830 and 1.3740.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4310 | 1.4330 | 1.4444 | 1.50+ |
| Support | 1.4096 | 1.4006 | 1.4006 | 1.3746 |
__________
USD/JPY
Current level - 96.26
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.
We think, that ranging mode is back on stage and the pair is expected to swing between 96.90 and 95.30 support.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 97.56 | 98.90 | 99.03 | 101.42 |
| Support | 95.96 | 95.30 | 93.07 | 87.12 |
__________
GBP/USD
Current level- 1.6549
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.
With yesterday's bottom at 1.6380 the pair has entered a larger consolidation, that will aim at 1.6663 resistance and while that resistance holds, the outlook on the 4 h. chart will remain bearish for 1.6170 and 1.5778.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.6663 | 1.6846 | 1.7042 | 1.7447 |
| Support | 1.6453 | 1.6380 | 1.6320 | 1.6030 |
