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.
Friday's sell-off bottomed at 1.3501 and there is a chance for a larger rebound before breaking below 1.3440 lows. Initial resistance comes at 1.3584, followed by the crucial area around 1.3640.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3584 | 1.3640 | 1.3850 | 1.4580 |
| Support | 1.3490 | 1.3440 | 1.3440 | 1.2880 |
__________
USD/JPY
Current level - 90.56
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.
Still in the 89.90-90.80 range and the bias is totally neutral. Only a break beyond these boundaries will signal, that the pair is entering a trend phase. Our outlook here is a pure "stand aside".
| Minor | Intraday | Major | Intraweek | |
| Resistance | 90.79 | 91.50 | 93.40 | 95.60 |
| Support | 89.90 | 89.12 | 87.36 | 83.45 |
__________
GBP/USD
Current level - 1.4996
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.
A local bottom has been set at 1.4931 and there is a chance for a larger rebound towards 1.5128. The overall bias however remains negative for 1.4780 lows and beyond. Intraday support comes at 1.4969.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.5020 | 1.5128 | 1.5560 | 1.5833 |
| Support | 1.4930 | 1.4870 | 1.4780 | 1.3506 |
