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Windsor Brokers - Short Term Technical Analysis for Majors (08:30 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Apr 1, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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    EUR/USD

    Upswing off 1.3383, yesterday’s low, has probed above 1.3540, 50% retracement of 1.3815/1.3266 downleg to open 1.3570, key 23 Mar lower ceiling. Potential break here would attract 1.3605, 61.8% retracement, next. Loss of 1.3433/15 would resume the underlying bear trend.

    Res: 1.3560, 1.3570, 1.3605, 1.3638
    Sup: 1.3475, 1.3433, 1.3415, 1.3383

    [​IMG]


    GBP/USD

    Continues to trade within an hourly rising channel, to reach 1.5246, just ahead of 1.5256, 19 Mar high. Scope is now seen for further near term strength, with potential break through the latter to open way for the key 1.5380, 17 Mar peak. Upside rejection, however, risks a lower top for an eventual relapse lower back towards 1.4780 annual low.

    Res: 1.5256, 1.5278, 1.5315, 1.5327
    Sup: 1.5167, 1.5117, 1.5088, 1.5042

    [​IMG]


    USD/JPY

    Continues to trend higher, fueled by the longer-term bear channel break. Completion of bull flag completion and yesterday’s lower rejection at 92.75 now supports fresh gains towards initial 9375, yearly high, posted on 08 Jan. Break here opens 94.05/30 first.

    Res: 93.75, 94.05, 94.30, 94.65
    Sup: 93.05, 92.75, 92.45, 92.11

    [​IMG]


    USD/CHF

    Has broken out of a minor bearish coil which held below 1.0688/1.0703 hourly lower tops. Subsequent break below 1.0505, 17 Mar swing low, now reaffirms 3-legged 0.9916/1.0898 rise, with short-term risk at 1.0424/1.0368 next.

    Res: 1.0565, 1.0585, 1.0649, 1.0688
    Sup: 1.0485, 1.0775, 1.0447, 1.0424

    [​IMG]
     
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