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 (08:30 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Jul 14, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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

    Reversal from 1.2721 found support at 1.2522 yesterday, ahead of fresh strength. Clearance of 1.2648 and 1.2721 resistances has so far tested 1.2738. Further upside now looks for 1.2770, channel upper boundary and 1.2801, 11 May high. Downside, 1.2648, now reverted to support, underpins, while key support stands at 1.2522.

    Res: 1.2738, 1.2770, 1.2801, 1.2850
    Sup: 1.2690, 1.2648, 1.2613, 1.2565

    [​IMG]


    GBP/USD

    Yesterday's downside rejection at 1.4963 has triggered strong bounce to retest 1.5239, 08 July high. 1.5257 seen so far, but sustained break higher is required to open up the region around 1.5304, 38.2% retracement of 1.7041/1.4230 descend, where a lower high may form for a return to weakness. Downside, 1.5171/43 offers initial support.

    Res: 1.5257, 1.5301, 1.5345, 1.5390
    Sup: 1.5171, 1.5143, 1.5085, 1.5068

    [​IMG]



    USD/JPY

    Continues corrective phase off 89.96/87.01, with 89.14 high posted on 12 July. Immediate pullback left a higher low at 88.01 yesterday, before latest push higher that has tested near 89.14. Break here is needed to open 89.21/50 next. Downside, 88.01/87.99 now marks key support.

    Res: 89.14, 89.21, 89.50, 89.78
    Sup: 88.38, 88.18, 87.99, 87.62

    [​IMG]


    USD/CHF

    Decline from 1.0645, yesterday’s lower top, reached 1.0513, ahead of the latest bounce. Near-term, a flat consolidation is developing while the recent trend remains negative, and break below 1.0513/1.0480 to resume fall, while lift above 1.0675/95 may signal basing.


    Res: 1.0617, 1.0645, 1.0675, 1.0695
    Sup: 1.0513, 1.0480, 1.0433, 1.0400

    [​IMG]
     
Loading...

Share This Page