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.
With the slide below 1.3715 a minor top has been confirmed at yesterday's peak 1.3819. Current bias is negative and we will expect a break below 1.3640 to target directly 1.3530, en route to 1.3440. Crucial on the upside is 1.3715, as a violation of this level will neutralize the bearish outlook.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3716 | 1.3850 | 1.3850 | 1.4580 |
| Support | 1.3640 | 1.3530 | 1.3440 | 1.2880 |
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USD/JPY
Current level - 90.01
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.
As all the tests in the 90.79 area failed, we will have to switch our outlook to negative, so expect a break below 89.90 to initiate a downtrend for 88.10. Crucial on the upside is of course 90.79.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 90.79 | 91.50 | 93.40 | 95.60 |
| Support | 89.90 | 89.12 | 87.36 | 83.45 |
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GBP/USD
Current level - 1.5271
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.
There is a minor reversal at 1.5382 high , but the pair is still struggling above 1.5209 support, so only a break below that level will mark the renewal of the downtrend for 1.4780. Crucial on the upside is 1.5316.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.5316 | 1.5382 | 1.5560 | 1.5833 |
| Support | 1.5209 | 1.5070 | 1.4460 | 1.3506 |
