-
EUR/USD
Current level-1.5577
The pair has set a local top at 1.5818 completing the rise from 1.5283. Technical indicators are neutral. The 50- day SMA is currently projected at 1.5663.
Still in the broad consolidation above the local bottom at 1.5459. Although the minimum price requirement was filled with yesterday's 1.5591 we will expect further advance towards 1.5637 before completion of the current correction and renewing of the downtrend towards 1.5283.
Today's strategy: Stand aside.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.5591 | 1.5663 | 1.5961 | 1.6020 |
| Support | 1.5448 | 1.5418 | 1.5282 | 1.50+ |
__________
-
USD/JPY
Current level - 104.24
The pair is in a corrective uptrend from the 95.75 short-term bottom. Technical indicators are rising slowly and the upmove is dynamically supported at 102.36. The inner structure of the rise is by all means a corrective one, so from a larger point of view the overall downtrend from 124.14 is not over yet.
The expected corrective downswing from 105.87 managed to break below 104.38, thus changing our bullish outlook to neutral. Intraday, till the pair stays below 104.71, the bias will be negative for 103.41 and 102.89.
Today' strategy: Sell at current levels with a stop above 104.71 and targets at 103.41 and 102.89.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 104.71 | 105.87 | 106.68 | 108.31 |
| Support | 104.01 | 103.43 | 102.63 | 100.82 |
__________
-
GBP/USD
Current level- 1.9651
The downtrend from the 2.0397 local top has reached a low at 1.9374. Technical indicators are reversed on the 4 h. chart and the trading is situated below the 50- and 200-day SMA, currently projected at 1.9819 and 2.0044.
The important resistance at 1.9851 proved to be significant supply level once more and the pair was sharply sold out to 1.96012. Although the moves in the last few days have been exclusively sharp and fast, they are nothing more than an inner structure swings of the consolidation phase, that takes place below 1.9850. As our target at 1.9611 was reached yesterday, we will expect an intraday rise towards 1.9706, followed by one more leg downwards to 1.9551.
Today's strategy : Buy current levels for 1.9706 and wait to sell at 1.9706 for 1.9551.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.9706 | 1.9851 | 1.9963 | 2.0196 |
| Support | 1.9601 | 1.9551 | 1.9338 | 1.9196 |
