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Windsor Brokers - Short Term Technical Analysis for Majors (07:40 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Aug 16, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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    EUR/USD

    Thu's lower top at 1.2933 continues to cap ahead of latest slide to probe 1.2732 and break opening cluster of Fib retraces @1.2600/05 where bounce may be anticipated on positive hourly divergences. Reclaiming 1.2832 relieves

    Res: 1.2832, 1.2867, 1.2910, 1.2933
    Sup: 1.2732, 1.2682, 1.260, 1.2615

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    GBP/USD

    Has met and bounced off daily trend-line support from 1.4346. Scope now for a short-term recovery higher. Back under the day's low at 1.5535 will re-ignite bears for 1.5473 initially. Hourly falling wedge forming.

    Res: 1.5656, 1.5690 1.5714, 1.5736,
    Sup: 1.5562, 1.5553, 1.5521, 1.5473

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    USD/JPY

    A poss 5-wave rise off Wed's hammer low of 84.72 is indicated while current setback from 86.39 high may unfold a potential flat consol'n. A swing low over 85.56 bodes well to next upleg. Abv 86.46 firms 86.89 next and 88.12.

    Res: 86.24, 86.46, 86.65, 87.89
    Sup: 84.94, 85.18, 85.35, 85.49

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    USD/CHF

    Last upswing stalled at 1.0630 last Thur, under key resist at 1.0646. An hourly head & shoulders top now fueling a drop back twds 1.0332, the lower level of n-tern 1.0332 to 1.0640 sideways consoln.
    Res: 1.0536, 1.0555, 1.0588. 1.0630
    Sup: 1.0413, 1.0396, 1.0375, 1.0332

    [​IMG]
     
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