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, Sep 14, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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

    Extends recovery off 1.2643 higher low, to attempt at 1.2920, the upper boundary of the recent 1.2624/1.2920 range. Break higher is required to resume the near-term recovery and focus 1.2960/1.3049, Fibonacci levels, otherwise, the recent structure remains negative for test of 1.2643/24.

    Res: 1.2920, 1.2931, 1.2960, 1.3000
    Sup: 1.2843, 1.2823, 1.2792, 1.2775

    [​IMG]



    GBP/USD

    Continues to trade within an hourly falling channel, with scope set for retest of channel support, currently near 1.5250. Multi-week structure also suggests the end of a complex corrective phase off 1.3500. Regain of 1.5486, however, would ease bear pressure.

    Res: 1.5464, 1.5492, 1.5532, 1.5596
    Sup: 1.5343, 1.5295, 1.5250, 1.5235

    [​IMG]



    USD/JPY

    Corrective phase off 83.33 stalled at 84.37 yesterday, with reversal followed. Channel loss triggered a drop to breach 83.25, trendline drawn off 83.58, 24 Aug low. This now opens 81.88, May 1995 low short-term, with initial targets at 82.98/30. Upside, 83.73/83 now caps while 84.37 becomes key near-term resistance.

    Res: 83.83, 84.17, 84.47, 84.62
    Sup: 82.98, 82.30, 81.88, 81.50

    [​IMG]



    USD/CHF

    Rejection at 1.0276, near 38.2% of 1.0630/1.0060 decline, confirmed the underlying bear structure. Loss of critical support at 1.0065/60, multi year bear continuation pivot, would project a significant weakness longer-term, with 0.9916 seen first. Upside, 1.0071 caps for now.

    Res: 1.0071, 1.0097, 1.0132, 1.0170
    Sup: 0.9980, 0.9960, 0.9949, 0.9916

    [​IMG]
     
Loading...

Share This Page