EUR/USD
Current level-1.4236
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 1.4134 and 1.3523.
Yesterday's test of 1.4350 resistance provoked a sharp sell-off to 1.4209 support zone. Current rebound is corrective in nature and we expect it to be limited below 1.4280 before next leg downwards, to 1.4123.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4280 | 1.4352 | 1.4444 | 1.50+ |
| Support | 1.4209 | 1.4160 | 1.4006 | 1.3746 |
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USD/JPY
Current level - 93.68
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 94.86 and 94.84.
Our target at 93.65 was filled, but there are still no signs of a reversal here, so only a break above 93.96 will target 95.50 resistance. Intraday bias is negative with nearest resistance at 93.80.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 95.08 | 95.90 | 99.03 | 101.42 |
| Support | 93.41 | 91.67 | 93.07 | 87.12 |
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GBP/USD
Current level- 1.6216
The pair is in a downtrend after peaking at 1.7042. Trading is situated between the 50- and 200-day SMA, currently projected at 1.6454 and 1.5258.
The overall negative bias has been sustained and the downtrend is intact, aiming at 1.5980. Nearest resistance comes at 1.6280-6296 and crucial is 1.6352.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.6290 | 1.6352 | 1.6663 | 1.7042 |
| Support | 1.6160 | 1.6030 | 1.5980 | 1.5778 |
