EUR/USD
Current level-1.4369
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 break above 1.4315 resistance has transformed the bearish bias into neutral again and current minor uptrend aims at 1.4426 reversal point. A clear break below 1.4320-15 will target directly 1.4255, en route to 1.4160.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4380 | 1.4426 | 1.4444 | 1.50+ |
| Support | 1.4315-20 | 1.4160 | 1.4006 | 1.3746 |
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USD/JPY
Current level - 93.23
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.
A corrective rebound is underway, preceding next slide towards 91.60, en route to 90.35. Intraday bias is positive with a trigger below 92.83.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 93.20-40 | 95.50 | 99.03 | 101.42 |
| Support | 92.83 | 91.67 | 90.35 | 87.12 |
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GBP/USD
Current level- 1.6340
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.
We continue to believe, that current rebound above 1.6150 is corrective in nature, thus precedes next leg downwards, to 1.5980. Intraday bias is still positive and a break below 1.6254 is needed to confirm, that a top is in place. Important resistance on the 4 h. chart is 1.6430-50.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.6386 | 1.6430 | 1.6450 | 1.6663 |
| Support | 1.6255 | 1.6030 | 1.5980 | 1.5778 |
