EUR/USD
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
Current bias is negative for 1.2840, where a reversal should be expected for the next leg upwards, to 1.3028, en route to 1.3120. Initial intraday resistance is seen at 1.2913.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.2965 | 1.3028 | 1.31+ | 1.3850 |
| Support | 1.2830 | 1.2731 | 1.2520 | 1.2150 |
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USD/JPY
Current level - 87.17
The pair is in a broad consolidation above 84.78 short-term low. Trading is situated below the 50- and 200-day SMA, currently projected at 92.60 and 91.06.
We think, that the recent peak at 87.71 marked the final of the consolidation pattern above 86.25 and the pair is ready to renew its downtrend towards 84.78. The intraday bias is negative with an initial resistance at 87.39.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 87.80 | 88.00 | 89.20 | 93.70 |
| Support | 86.25 | 85.69 | 84.78 | 79.20 |
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GBP/USD
Current level - 1.5479
The pair is in a downtrend after peaking at 1.7042. Trading is situated below the 50- and 200-day SMA, currently projected at 1.5057 and 1.5851.
The uptrend from 1.5118 is intact, aiming at 1.5524 resistance. Keeping in mind the importance of the mentioned resistance area, a pullback for a corrective test of the 1.5334 support is highly probable, but that idea has to be confirmed below 1.5430. Current intraday bias is bullish with a crucial level at 1.5435.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.5524 | 1.5224 | 1.5524 | 1.5830 |
| Support | 1.5435 | 1.5334 | 1.4850 | 1.35+ |
