• EUR/USD

eurusd040909


 Current level-1.4396

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 brief consolidation is already over and the pair renewed its uptrend for 1.4444, en route to 1.4560. Intraday support comes at 1.4363 and crucial is 1.4326.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.44441.45601.47201.50+
Support1.43601.43261.41801.3746

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  • USD/JPY

usdjpy070909

  Current level - 92.48

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.

The resistance area around 93.42 provoked a slide to current levels and we expect a reversal above 92.+ to initiate an uptrend for 95.30. Nevertheless, the intraday bias is still negative and only a break above 92.81 will confirm, that a bottom is in place.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance93.20-4095.5099.03101.42
Support92.1391.6790.3587.12

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  • GBP/USD

gbpusd030909


  Current level- 1.6404

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 corrective phase below 1.6442 is over and the pair renewed its uptrend for 1.6521, en route to 1.6663. Crucial support on the downside is 1.6362.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.64421.65211.66631.7042
Support1.63601.62501.59801.5778