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Windsor Brokers - Short Term Technical Analysis for Majors (08:45 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Apr 30, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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    EUR/USD

    Bounce off 1.3114, fresh yearly low, currently attempting through 1.3290, with 1.3305 reached so far. Lower top now sought under 1.3342 for fresh weakness to retest 1.3114. An eventual loss here will open 1.3090, then 1.2885.

    Res: 1.3342, 1.3412, 1.3422, 1.3447
    Sup: 1.3209, 1.3181, 1.3141, 1.3114

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    GBP/USD

    The latest rebound of 1.5141, yesterday’s low, has extended gains through 1.5283/93 and 1.5351 resistances, to reach 1.5389 thus far. This now increases possibilities for final push towards 1.5497/1.5508, with correction on overbought hourly studies seen preceding the rally. 1.5285 offers initial support.

    Res: 1.5389, 1.5420, 1.5473, 1.5497
    Sup: 1.5314, 1.5285, 1.5219, 1.5141

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    USD/JPY

    Unfolding a potential bull flag on the hourly chart, ahead of next upswing through 94.35, towards key 94.77. Deeper pullback below 93.83/71 would delay while seeking a swing low over 92.80, before next upswing.

    Res: 94.35, 94.60, 94.77, 95.05
    Sup: 93.83, 93.71, 93.37, 92.97

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    USD/CHF

    Multiweek flag drives market higher, with break through hourly triangle, triggering the latest rise that reached 1.0922 on 28 Apr. 1.0759 now supports for the next leg higher, and break through 1.0922, to expose 1.1026, 24 Jun 09 high.

    Res: 1.0868, 1.0922, 1.0940, 1.0956
    Sup: 1.0759, 1.0698, 1.0674, 1.0657

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