EUR/USD
Current level-1.4275
EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523.
Yesterday's peak at 1.4348 completed the rise from 1.4177, so the pair is again in ranging mode in the 1.4310-4207 area. A break above 1.4348 will renew the overall uptrend for 1.4444, en route to 1.4650.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.4344 | 1.4444 | 1.4653 | 1.50+ |
| 1.4253 | 1.4111 | 1.4006 | 1.3746 |
USD/JPY
Current level - 92.81
A short-term bottom has been set at 87.12 and a large consolidation is unfolding since. Trading is situated below the 50- and 200-day SMA, currently projected at 94.86 and 94.84.
The downtrend on the 4 h. chart is intact, aiming at 91.67 and 90.35. Crucial on the upside remains 93.42.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 93.20-40 | 95.50 | 99.03 | 101.42 |
| 95.53 | 91.67 | 90.35 | 87.12 |
GBP/USD
Current level- 1.6357
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.
Yesterday's rise peaked at 1.6414 and currently the pair consolidates before next leg upwards, to 1.6663. Intraday bias is slightly positive, but there's a risk of a dip to 1.6230 before a reliable support is built.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.6380 | 1.6450 | 1.6450 | 1.6663 |
| 1.6253 | 1.6111 | 1.5980 | 1.5778 |
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