| EUR/USD | |||||||||||||
December 21, 2009 Current level-1.4304 EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169. With the break below 1.4304 the downtrend has been renewed and the overall bias remains negative for 1.4170 initial target. Crucial on the upside is 1.4410. | |||||||||||||
| resistance | support | ||||||||||||
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| USD/JPY | |||||||||||||
December 21, 2009 Current level - 90.52 The overall downtrend has been renewed with the recent break below 87.12. Trading is situated below the 50- and 200-day SMA, currently projected at 89.50 and 93.54. The pair is in a minor consolidation pattern below 90.91 and we expect 89.80 to limit the downside for next leg upwards, to 92.40 major resistance area. | |||||||||||||
| resistance | support | ||||||||||||
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| GBP/USD | |||||||||||||
December 21, 2009 Current level- 1.6115 The pair is in a downtrend after peaking at 1.7042. Trading is situated above the 50- and 200-day SMA, currently projected at 1.6454 and 1.5258. The consolidation pattern above 1.6076 has ended at 1.6251 and the bias is negative towards 1.59+ target area. Crucial on the upside is 1.6251. | |||||||||||||
| resistance | support | ||||||||||||
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