EUR/USD
Current level - 1.2996
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.
The overall bias remains positive for a break above 1.3028, towards 1.3120. Initial intraday support comes at 1.2960 and that area should provide a reliable base for the next leg upwards. An eventual break below 1.2960 will signal, that the pair is still in the prolonged consolidation below 1.3028 and will set the focus on 1.2889 low.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3028 | 1.3120 | 1.31+ | 1.3850 |
| Support | 1.2960 | 1.2889 | 1.2731 | 1.2150 |
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USD/JPY
Current level - 87.31
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.
The support area around 86.82 managed to hold the bearish pressure and only a clear break below that level will set the focus at 86.25, en route to 84.78. Current intraday bias is bullish while the pair trades above 86.82.
| 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 - 1.5477
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.
Our target at 1.5524 has been filled and there is a minor reversal on the intraday charts, so further depreciation is to be expected, towards 1.5334. Trigger on the downside is 1.5450.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.5524 | 1.5524 | 1.5524 | 1.5830 |
| Support | 1.5450 | 1.5334 | 1.4850 | 1.35+ |
