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Windsor Brokers - Short Term Technical Analysis for Majors (07:30 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Apr 15, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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    EUR/USD

    Fibonacci support at 1.3544 buoyed yesterday and the push above 1.3626 resistance firmed the near-term tone. Market now eyeing 1.3691, above which opens 1.3729 first. Key resistance stands 1.3816, 17 Mar high. 1.3595 offers initial resistance, while loss of 1.3544 turns the focus lower.

    Res: 1.3677, 1.3691, 1.3735, 1.3795
    Sup: 1.3595, 1.3565, 1.3544, 1.3520

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    GBP/USD

    Short-term structure from 1.4797 higher low suggests scope for a pullback from the current region. However, failure for any such pullback to push under the 1.5450 region will strengthen the outlook, and above 1.5520 to expose 1.5574 next.

    Res: 1.5520, 1.5535, 1.5574, 1.5635
    Sup: 1.5454, 1.5430, 1.5400, 1.5375

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    USD/JPY

    Bounce off 92.56 floor has pushed higher to breach 93.25, trendline off 94.77, 05 Apr high, to reach 93.70 thus far. Above 93.70/78 will now firm further for initial upside to 94.25/77, while 92.82 buoys advance for now.

    Res: 93.70, 93.78, 94.25, 94.77
    Sup: 92.99, 92.81, 92.56, 92.45

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    USD/CHF

    Continues to drift lower within a broad near-term flat consolidation. Under 1.0500, 14 Apr low, would risk a further push lower to possibly test 1.0433, 01 Apr pivot low. Break above 1.0561/1.0615 now needed to shift focus higher.

    Res: 1.0561, 1.0615, 1.0655, 1.0686
    Sup: 1.0500, 1.0487, 1.0470, 1.0433

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