EUR/USD
Current level-1.4224
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 below 1.4320 confirmed, that a minor top is in place at 1.4378 and a sharp sell-off followed, bottoming at 1.4176. Current rebound is corrective and we expect it to be limited below 1.4280 resistance zone, before next slide towards 1.4110. Intraday bias is positive with a risk limit below 1.4204.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4280 | 1.4344 | 1.4444 | 1.50+ |
| Support | 1.4167 | 1.4111 | 1.4006 | 1.3746 |
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USD/JPY
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.
Still in the consolidation pattern above 92.53 and while the pair stays below 92.20-40 resistance area we will continue to expect a downtrend towards 91.67, en route to 90.35.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 93.20-40 | 95.50 | 99.03 | 101.42 |
| Support | 95.53 | 91.67 | 90.35 | 87.12 |
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GBP/USD
Current level- 1.6181
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.
As expected, the pair peaked below 1.6402 dynamic resistance and a sell-off followed, all the way down to 1.6111. Current rebound is corrective in nature and we expect it to be limited below 1.6254, before next leg downwards, to 1.5980 major target.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.6254 | 1.6430 | 1.6450 | 1.6663 |
| Support | 1.6111 | 1.5980 | 1.5980 | 1.5778 |
