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 (08:15 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Jul 12, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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

    The latest upleg off 1.2479, 06 July higher low, stalled at 1.2721 last Friday, ahead of reversal. Market is now approaching 1.2552, break of which would attract test of key 1.2479. Loss here would trigger fresh weakness and suggest a key lower top is in place. Upside, regain of 1.2648 is needed to improve and turn focus back to 1.2621/38.

    Res: 1.2648, 1.2682, 1.2721, 1.2738
    Sup: 1.2552, 1.2508, 1.2479, 1.2432

    [​IMG]


    GBP/USD

    Last weeks break under multi-week trend channel support hints at the end of the corrective phase off 1.4230. Further weakness under the 1.4854, 38.2% retracement of 1.4230/1.5239 upleg, would increase the probability of a lower high at 1.5239 and open 1.4730/1.4609 next.

    Res: 1.5079, 1.5100, 1.5126, 1.5204
    Sup: 1.4937, 1.4871, 1.4854, 1.4800

    [​IMG]


    USD/JPY

    Recovery phase off 86.96/87.01 base now approaching 89.19/21, trendline resistance / 38.2% retracement of 92.87/86.96 decline. Break here would open 89.50 next. Break below support at 88.56/25 is needed to suggest a key lower top in place.

    Res: 89.21, 89.50, 89.78, 89.98
    Sup: 88.56, 88.25, 87.99, 87.62

    [​IMG]


    USD/CHF

    Has extended recent bear phase to reach 1.0480 so far, just above key 1.0433, 01 Apr low. Recent consolidation could suggest a basing and the latest break above 1.0600 now looks for test of 1.0695. Downside, loss of 1.0526 risks a return back to 1.0480.

    Res: 1.0655, 1.0675, 1.0695, 1.0749
    Sup: 1.0540, 1.0526, 1.0480, 1.0433

    [​IMG]
     
Loading...

Share This Page