EUR/USD
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.
The pair almost reached the target area with today's high at 1.3818 and we still favor a reversal below that zone, that should initiate a downtrend for 1.3530, en route to 1.3440. Nevertheless, current intraday bias is still positive with a crucial level at 1.3715 and on the 1 h. chart only a break below 1.3655 will signal, that the prolonged consolidation has ended.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3850 | 1.3850 | 1.3850 | 1.4580 |
| Support | 1.3715 | 1.3530 | 1.3440 | 1.2880 |
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USD/JPY
March 17, 2010
Current level - 90.60
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.
We are still on the long side here, expecting a break above 90.80, that will clear the road all the way up to 92.14. Crucial on the downside remains 89.97.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 90.79 | 91.50 | 93.40 | 95.60 |
| Support | 90.01 | 89.50 | 87.36 | 83.45 |
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GBP/USD
Current level - 1.5221
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.
As expected, the pair broke through 1.5072 intraday resistance and a fast uptrend followed, peaking at 1.5268. The bias remains positive for 1.5352 with an initial support at 1.5201 and a second one at 1.5155. Crucial on the 4 h. chart is 1.4975, as it guards the positive bias since 1.4779 low.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.5268 | 1.5352 | 1.5352 | 1.5833 |
| Support | 1.5201 | 1.5155 | 1.4460 | 1.3506 |
