1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, May 19, 2011.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

    Joined:
    Feb 18, 2010
    Messages:
    948
    Likes Received:
    1
    EUR/USD

    Maintains near-term bull tone from 1.4046, after fresh support was found at 1.4200 zone, with 1.4300 tested so far, ahead of 1.4338, 13 may high. Break here is sought for resumption of near-term recovery phase and possible test of key resistances at 1.4420/40. Trendline off 1.4046, currently at 1.4200, along with 20 day MA, are expected to contain corrective dips and keep immediate bulls in play.

    Res: 1.4305, 1.4338, 1.4400, 1.4420
    Sup: 1.4250, 1.4211, 1.4194, 1.4120

    [​IMG]


    GBP/USD

    Yesterday’s failure to reclaim 1.6300 barrier has triggered reversal through 1.6165/45, trendline support / previous low, to find support at 1.6100. Subsequent bounce regained previous support zone at 1.6150, with break above 1.6200, also 20 day MA, required to signal near-term base and open way for possible retest of 1.6287/1.6300 barriers. Daily outlook, however, is still pointing lower, after loss of 90 day MA at 1.6200, with main trendline support at 1.6060 in sight.

    Res: 1.6185, 1.6200, 1.6237, 1.6287
    Sup: 1.6135, 1.6100, 1.6090, 1.6060

    [​IMG]



    USD/JPY

    Trades off highs at 81.80 zone after minor pullback was contained at 81.50, 20 day MA. Immediate scope is seen for clearance of 81.80/82.00 barriers, to resume short-term uptrend from 79.55 and focus key levels at 82.80/83.09. On the downside, 81.50/33 zone underpins while break below 81.00/85 would delay.

    Res: 81.79, 82.00, 82.80, 83.09
    Sup: 81.50, 81.28, 81.08, 80.93

    [​IMG]



    USD/CHF

    Remains in sideways trading after break below 0.8800 strong support zone, was contained by daily 20 day MA at 0.8765. Current price action is limited within 0.8840/0.8765 range, with break of either side to define near-term direction.

    Res: 0.8814, 0.8840, 0.8853, 0.8881
    Sup : 0.8765, 0.8730, 0.8706, 0.8675

    [​IMG]
     
Loading...

Share This Page