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

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Mar 4, 2014.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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    EUR/USD
    The pair managed to continue its correction after last Fridays bounce only to 1.3720. Yesterday we have seen selling around 1.3780-90 zone, so we wait for this level to be broken to continue the uptrend towards 1.3820 followed by 1.3890. On the other hand, a break below 1.3720 would trigger further to the downside towards 1.3690 and 1.3640 next.

    Res: 1.3780, 1.3790, 1.3825, 1.3890
    Sup: 1.3725, 1.3690, 1.3645, 1.3605

    [​IMG]




    GBP/USD
    A corrective action was made reaching 1.6640 where support was found. Maintaining today’s low level will offer a test of 1.6750-70 peaks, and a break above that will offer a retest of previous peak of February at 1.6820. on the downside, a break of 1.6640 would open further to the downside towards 1.6615 and 1.6580 next.

    Res: 1.6750, 1.6770, 1.6795, 1.6820
    Sup: 1.6645, 1.6615, 1.6580, 1.6530

    [​IMG]




    USD/JPY
    Still on a sideway trend of 102.80-101.25, USDJPY have tested yesterday the bottom at 101.20 before reversing back below 102.00 zone. As it seems that the bottom is weakening, today we will monitor 102.00 and 102.30 and if maintained we will see a retest of 101.25 and a break there would open more to the downside towards 100.80.
    On the other hand a break above 102.00-30 would open previous tops of 102.75-90


    Res: 102.00, 102.30, 102.75, 102.90
    Sup: 101.55, 101.25, 100.80, 100.50

    [​IMG]



    AUDUSD
    Aussie correct through yesterday finding support around 0.8905 and reaching up to 0.8967 ahead of 0.8970-90 peaks, a break there would open more to the upside towards 0.9050. However, if 0.8970-90 was maintained a drop again towards 0.8905 is seen, where a break below there would open 0.8870

    Res: 0.8970, 0.8990, 0.9025, 0.9050
    Sup: 0.8905, 0.8870, 0.8825, 0.8750

    [​IMG]
     
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