EUR/USD
Current level-1.3719
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169.
We don't think, that the uptrend from 1.3530 is over with the recent peak at 1.3798, so expect the support area around 1.3700-05 to provide a reliable base for the next leg upwards, to 1.3850. Intraday trigger is set at 1.3751.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3751 | 1.3850 | 1.3850 | 1.4580 |
| Support | 1.3701 | 1.3624 | 1.30+ | 1.2880 |
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USD/JPY
Current level - 90.70
The overall downtrend has been renewed with the recent break below 87.12. Trading is situated below the 50- and 200-day SMA, currently projected at 89.50 and 93.54.
The bis here is still positive for 91.50 dynamic resistance with an important support at 90.18. A break below 90.18 will target 89.50 base.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 90.80 | 91.50 | 93.40 | 95.60 |
| Support | 90.18 | 89.50 | 87.36 | 83.45 |
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GBP/USD
Current level- 1.5067
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.
Friday's rise fell a bit short of our target at 1.5260 and with the reversal at 1.5217 the bias has been transformed in bearish, breaking below 1.5120 support. We expect a continuation of the current sell-off towards 1.4871 where a minor corrective rebound is possible. Intraday levels on the downside are 1.5018 and 1.4871, and the pair is capped at 1.5090.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.5090 | 1.5217 | 1.5352 | 1.5833 |
| Support | 1.5018 | 1.4871 | 1.4460 | 1.3506 |
