EUR/USD
Current level-1.4311
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 rebound broke through 1.4280 resistance, reaching temporary high at 1.4314. We favor the idea, that an uptrend is already on the run, aiming at 1.4344 and 1.4444, en route to 1.4653. Crucial for the intraday positive trend is 1.4253 support area.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4344 | 1.4444 | 1.4653 | 1.50+ |
| Support | 1.4253 | 1.4111 | 1.4006 | 1.3746 |
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USD/JPY
Current level - 92.42
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.
After the recent peak at 93.42, the downtrend has been renewed, reaching low at 91.92. Current negative bias is expected to prevail and 92.61 should cap the upside for the next leg downwards, to 90.35. Crucial is 93.42.
| 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- 1.6318
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.
Current rebound above 1.6111 is impulsive in nature and we rather prefer the idea, that a significant bottom is already in place. Intraday bias is positive for 1.6382 major resistance with a risk limit below 1.6235. We expect a break above 1.6382 to target directly 1.6663.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.6380 | 1.6450 | 1.6450 | 1.6663 |
| Support | 1.6253 | 1.6111 | 1.5980 | 1.5778 |
