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 (07:30 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Aug 26, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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

    Correction off 1.2586, 24 Aug fresh low, has tripped 1.2725 resistance today, reaching 1.2744. Near term outlook, however, remains negative, with scope for break below 1.2608/1.2586 to test 1.2522. Upside, 1.2770 caps for now, and possible break here to attract 1.2831, 20 Aug high.

    Res: 1.2770, 1.2831, 1.2880, 1.2903
    Sup: 1.2649, 1.2608, 1.2586, 1.2522

    [​IMG]



    GBP/USD

    Attempts to complete a third phase higher in a corrective structure from 1.5371, 24 Aug low. Earlier daily false break higher out of a rising channel dominates for an eventual return to weakness. Only regain of 1.5670/1.5700 zone would return to strength.

    Res: 1.5617, 1.5670, 1.5687, 1.5700
    Sup: 1.5482, 1.5460, 1.5425, 1.5400

    [​IMG]



    USD/JPY

    Completed a multiday bear configuration to extend the underlying downtrend. 83.58 has been reached so far, ahead of the current corrective bounce which should precede a fresh push lower to test key trendline support at 83.25.

    Res: 84.87, 85.11, 85.42, 85.68
    Sup: 84.50, 84.04, 83.58, 83.25

    [​IMG]



    USD/CHF

    Probes lower to breach previous 1.0257 low, following reversal after an upside failure ahead of key 1.0463, 19 Aug lower high. Risk is set at 1.0230, ahead of this year's interim low at 1.0130. Immediate resistance now stands at 1.0327/35.

    Res: 1.0327, 1.0335, 1.0380, 1.0400
    Sup: 1.0230, 1.0182, 1.0162, 1.0130


    [​IMG]
     
Loading...

Share This Page