EUR/USD
Current level-1.4732
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.
Although the pair dipped to 1.4611, the overall bias remained bullish and with the recent break above 1.4714 the uptrend was renewed, towards 1.4824. Intraday support comes at 1.4721, followed by the crucial 1.4703.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.4764 | 1.4824 | 1.4721 | 1.4560 |
| 1.4824 | 1.50+ | 1.4703 | 1.3746 |
USD/JPY
Current level - 91.44
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.
Yesterday's rise peaked at 92.51 and the pair reversed, breaking below 91.64 support. The bias is negative again, for 90.99, en route to 90.12. Nearest resistance comes at 91.62, followed by the crucial 91.77.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 91.62 | 93.40 | 90.99 | 88.64 |
| 92.51 | 101.45 | 90.12 | 87.12 |
GBP/USD
Current level- 1.6268
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.
As expected, the minor consolidation below 1.6205 resistance was followed by a final spike low for 1.6111, which failed at 1.6140 and the pair reversed, entering a larger corrective phase towards 1.6401. Intraday resistance comes at 1.6296, nearest support is 1.6254, followed by the crucial 1.6220.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.6296 | 1.6403 | 1.6254 | 1.6111 |
| 1.6403 | 1.7440 | 1.6189 | 1.5350 |
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