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.
While 1.2960 support area is intact the intraday bias will be positive for 1.3048, en route to 1.3120. An eventual break below 1.2960 will aim to test the dynamic support of the rise since 1.2150, currently projected at 1.2890. We remain bullish on the pair for 1.3120 resistance area.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.3046 | 1.3120 | 1.31+ | 1.3850 |
| Support | 1.2960 | 1.2889 | 1.2731 | 1.2150 |
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USD/JPY
Current level - 87.98
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.
Unfortunately, the pair couldn't break below 86.82 support and an uptrend emerged, breaking beyond 87.70. Current bias is bullish for 88.60 and 89.20 major resistance with an initial support at 87.70, followed by the crucial 86.82. Although the intraday outlook is positive we continue to favor the idea, that the rebound above 86.25 is corrective in nature, preceding next leg downwards, to 84.78.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 88.60 | 89.20 | 89.20 | 93.70 |
| Support | 87.70 | 86.82 | 84.78 | 79.20 |
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GBP/USD
Current level - 1.5577
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 corrective pattern below 1.5524 was very short-lived and after bottoming at 1.5443 the uptrend was renewed, peaking at 1.5626. The overall bias remains positive for 1.5775-5830 resistance area with an intraday support at 1.5520 and risk limit below 1.5443.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.5624 | 1.5775 | 1.5830 | 1.6460 |
| Support | 1.5520 | 1.5443 | 1.5118 | 1.4226 |
