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 (08:00 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Apr 28, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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

    Correction from 1.3201, 23 Apr low, stalled at 1.3412 yesterday, just ahead of key 1.3422 resistance. Retracement of the latest upleg has been completed today, with break under 1.3201/1.3190, now looking for fresh weakness towards1.3120, possibly 1.2964 on a break. 1.3263 offers initial resistance

    Res: 1.3263, 1.3290, 1.3342, 1.3412
    Sup: 1.3143, 1.3120, 1.3090, 1.2963

    [​IMG]


    GBP/USD

    Yesterday's break under 1.5330, trendline support, drawn off 1.4797, 25 Mar low, has pushed back below 1.5294, negating the potential of a double bottom. Losses so far reached 1.5206, just ahead of key 1.5190, 19 Apr low. Break there is needed to re-focus return to 1.4797/1.4780. Upside, 1.5351 expected to cap corrective attempt.

    Res: 1.5473, 1.5497, 1.5508, 1.5520
    Sup: 1.5190, 1.5128, 1.5042, 1.5004

    [​IMG]


    USD/JPY

    Has fallen through 93.29, last Friday's low, to highlight recent 3-legged upswings from 91.58, with immediate risk set at 92.72/56. A swing low, however, remains sought over key 91.60, ahead of return to 94.35/77. Eventual break here to extend short term uptrend..

    Res: 93.37, 93.71, 94.02, 94.35
    Sup: 92.80, 92.72, 92.56, 92.38

    [​IMG]


    USD/CHF

    Yesterday’s corrective triangle break pushed market up to challenge 1.0898. A daily bull flag and trendline break also buoys. The minor corrective ease should now precede an extension to 1.0940/1.1026 next. 1.0759 supports for now, with 1.0700 seen as key.

    Res: 1.0808, 1.0848, 1.0898, 1.0940
    Sup: 1.0839, 1.0787, 1.0759, 1.0698

    [​IMG]
     
Loading...

Share This Page