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, Apr 13, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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

    Broke through 1.3591 lower ceiling yesterday, to hit a fresh high at 1.3691, ahead of pullback. Market so far found support at 1.3565, though, holding above 1.3538/1.3496 would keep immediate bulls in play for possible attempt towards key 1.3816 high.

    Res: 1.3640, 1.3691, 1.3735, 1.3788
    Sup: 1.3565, 1.3538, 1.3496, 1.3459

    [​IMG]


    GBP/USD

    Yesterday's rejection at 1.5484 weighs on near-term outlook, though downside loss of 1.5128 is needed to confirm. However, ability to hold above 1.5313/1.5267 would maintain positive tone for fresh attempt through 1.5484, to possibly attract 1.5520/74.

    Res: 1.5420, 1.5461, 1.5484, 1.5520
    Sup: 1.5335, 1.5313, 1.5267, 1.5235

    [​IMG]


    USD/JPY

    Has found a foothold at 92.56 today, and has pushed higher to challenge 94.40/61, the upper corrective channel off 94.77, 05 Apr high. Break above the latter would signal start of next bull leg through layered resist at 93.78 and 94.25, for possible retest of 94.77.

    Res: 93.40, 93.59, 93.78, 94.25
    Sup: 92.56, 92.45, 92.26, 92.11

    [​IMG]


    USD/CHF

    Falling gap at 1.0626/55 is seen weighing current recovery effort, while a potential bear flag may precede next downleg back at 200-day MA, currently at 1.0472 and 1.0435 swing low. Only break above1.0655 improves the tone.


    Res: 1.0625, 1.0655, 1.0686, 1.0713
    Sup: 1.0548, 1.0525, 1.0510, 1.0472

    [​IMG]
     
Loading...

Share This Page