EUR/USD
Current level-1.4597
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.
We think, that a top might be in place, so expect a break below 1.4570 to signal, that a larger corrective phase is on the run, towards 1.4444 support.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4653 | 1.4652 | 1.4720 | 1.50+ |
| Support | 1.4570 | 1.4444 | 1.4180 | 1.3746 |
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USD/JPY
Current level - 90.96
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 downtrend for 90.35 is intact with an intraday risk limit above 91.22. A break above 91.22 will signal, that a larger rebound is on the run, towards 92.04 resistance zone.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 93.20-40 | 95.50 | 99.03 | 101.42 |
| Support | 92.13 | 91.67 | 90.35 | 87.12 |
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GBP/USD
Current level- 1.6715
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 uptrend peaked few pips below our target at 1.6752 and we favor a reversal around these levels, that should target 1.6595, en route to 1.6430. Nevertheless, while 1.6641 support holds, the overall bias is to be considered positive.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.6753 | 1.6860 | 1.7042 | 1.7447 |
| Support | 1.6643 | 1.6595 | 1.6430 | 1.5778 |
