EUR/USD
Current level-1.4124
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.
As expected, the test of 1.4310-4330 resistance failed and the pair is in a downtrend for a break below 1.4096, en route to 1.3830 and 1.3746 major support zone. Intraday bias is negative with nearest resistance around 1.4164.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4310 | 1.4330 | 1.4444 | 1.50+ |
| Support | 1.4096 | 1.4006 | 1.4006 | 1.3746 |
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USD/JPY
Current level - 94.60
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 are witnessing a test of 94.35 support zone and the pair is in a minor consolidation below 95.08 resistance. Intraday bias remains neutral with a potential for 93.18 if 94.35 gives way. Only a clear break above 95.50 will confirm reversal above current support zone.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 95.08 | 95.50 | 99.03 | 101.42 |
| Support | 94.35 | 91.67 | 93.07 | 87.12 |
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GBP/USD
Current level- 1.6359
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.
Last week's test of 1.6663 important resistance failed and as expected, the pair is already in a downtrend for a break below 1.6325, en route to 1.6170 dynamic support and 1.5778 later on. Crucial on the upside is 1.6484.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.6484 | 1.6663 | 1.7042 | 1.7447 |
| Support | 1.6325 | 1.6170 | 1.6030 | 1.5778 |
