EUR/USD
Current level-1.4724
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.
After hitting an intraday high at 1.4763 the pair is in a minor consolidation again and it is expected to be limited above 1.4672 support, before next leg upwards for 1.4842. Crucial on the downside is 1.4592.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4762 | 1.4842 | 1.50+ | 1.6040 |
| Support | 1.4672 | 1.4592 | 1.4444 | 1.3746 |
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USD/JPY
Current level - 88.34
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.
As expected, the pair broke below 88.82 dynamic support and aims at 87.12 lows. Intraday resistance comes at 88.61, followed by the crucial 89.05. On the 4 h. chart the crucial level for the downtrend since 97.80 has been changed from 92.50 to 89.99.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 88.61 | 89.06 | 89.99 | 97.90 |
| Support | 88.10 | 87.12 | 87.12 | 83.25 |
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GBP/USD
Current level- 1.5911
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.
Still in the prolonged consolidation pattern above 1.5766 and the pair is gathering momentum in a symmetric triangle formation, that is expected to break below 1.5801, for a sell-off towards 1.5352. Intraday bias is positive and a rise towards 1.6002 is to be expected during the European session.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.5934 | 1.6020 | 1.6130 | 1.6486 |
| Support | 1.5801 | 1.5766 | 1.5352 | 1.50+ |
