• EUR/USD 

October 30, 2012 - Current level - 1.2935

Forex Technical Analysis on EUR/USD

Yesterday's several tests of 1.2885 area failed and current intraday bias is positive above 1.2916 support, struggling below 1.2950 dynamic resistance. I expect a break through the descending trend line to initiate a rise for through 1.3022 crucial level, en route to 1.3170 high.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.29501.30221.30851.3170
Support1.29161.28851.28051.2650

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  • USD/JPY

October 30, 2012 - Current level - 79.39

Forex Technical Analysis on USD/JPY

Although the rebound above 79.50 was a little bit stronger than expected, the downtrend is already renewed, so my outlook is bearish, towards 78.60 support area. Initial minor resistance is projected at 79.55 and crucial on the upside is 80.10 high.

Key Market Levels
Minor Intraday Major Intraweek
Resistance 79.5580.1080.6081.80
Support 78.9578.6076.5075.50

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  • GBP/USD

October 30, 2012 - Current level - 1.6057

Forex Technical Analysis on GBP/USD

Yesterday's slide below 1.6050 was limited above 1.5997 support area and current intraday bias is already positive above 1.6040 minor support, so my outlook is bullish, for a rise through 1.6145, towards 1.6308 high.

Key Market Levels
Minor Intraday Major Intraweek
Resistance 1.61451.61781.63081.6610
Support 1.60401.59971.59101.5750