• EUR/USD

eurusd280809

 Current level-1.4293

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.
  
Current downtrend from 1.4381 aims at 1.4209 and 1.4160. Important resistance on the upside is 1.4315. Ranging mode prevails on the 4 h. and 8 h, charts.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.42801.43521.44441.50+
Support1.42091.41601.40061.3746

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  • USD/JPY

usdjpy310809

 Current level - 93.01

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.

With the break below 93.62, the pair is in a downtrend for 91.60, en route to 90.35. Nearest resistance comes at 93.20-40 zone and crucial is 94.09.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance95.0895.9099.03101.42
Support93.4191.6793.0787.12

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  • GBP/USD

gbpusd280809


 Current level- 1.6202

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.
   
Last week's rebound above 1.6150 was limited below 1.6380 and the pair renewed its downtrend for 1.5980. Intraday resistance comes at 1.6230, and crucial is 1.6298.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.62301.62901.64501.6663
Support1.61601.60301.59801.5778