EUR/USD
Current level-1.4721
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.
The rise from 1.4650 peaked at 1.4817 and a massive sell-off followed, reaching a temporary low at 1.4703. The overall bias remains positive with a crucial level at 1.4650, so we will expect an uptrend to emerge from current levels, towards 1.4842, en route to 1.4967. Intraday bias is still negative with a resistance around 1.4756 and crucial level at 1.4779.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.4756 | 1.50+ | 1.4696 | 1.4444 |
| 1.4842 | 1.6040 | 1.4650 | 1.3746 |
USD/JPY
Current level - 88.26
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.
As expected, the pair initiated a rise towards 89.13 and probably after one more test in the 89.40 area a change in the direction is to be expected, for the last leg downwards, to 87.12. The overall bias remains negative with a crucial resistance at 90.40.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 89.50 | 93.40 | 88.67 | 87.12 |
| 90.40 | 101.45 | 88.01 | 83.53 |
GBP/USD
Current level- 1.6047
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.
Recent test of the 1.6130 resistance failed and the pair is in a minor downtrend for 1.5970. Break below that level will target 1.5855, which is the trigger point for a massive sell-off towards 1.5352. Nearest resistance comes at 1.6061.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.6061 | 1.6130 | 1.5970 | 1.5855 |
| --- | 1.6468 | 1.5890 | 1.5352 |
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