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Windsor Brokers - Short Term Technical Analysis for Majors (09:00 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Mar 3, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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    EUR/USD

    Yesterday’s rejection at 1.3433 now favors range trading between 1.3433 and 1.3681. Clearance of the latter is needed to open 1.3787, while loss of the downside barrier at 1.3433 triggers the continuation of the downtrend and opens 1.3250.

    Res: 1.3653, 1.3681, 1.3690, 1.3740
    Sup: 1.3579, 1.3513, 1.3460, 1.3433

    [​IMG]


    GBP/USD

    Extends correction off 1.4780, yearly low, with 1.5074 reached so far. Potential is for leaving a lower to for fresh leg lower, to test 1.4890/50, ahead of 1.4780. Upside clearance of 1.5180, however, would neutralize outlook.

    Res: 1.5074, 1.5090, 1.5130, 1.5180
    Sup: 1.4960, 1.4940, 1.4890, 1.4850

    [​IMG]

    USD/JPY

    Broke out of the recent consolidation yesterday, to probe below 88.54, yearly low, reaching 88.46 so far. Scope is now seen for further weakness towards 88.24, then 87.73. Regain of 89.50 area would delay.


    Res: 89.04, 89.25, 89.48, 89.72
    Sup: 88.46, 88.32, 88.25, 87.73

    [​IMG]

    USD/CHF

    Extended decline, following yesterday’s rejection at 1.0887 to reach 1.0716 low today. Near-term outlook remains positive while 1.0693/46 holds, with fresh push higher looking for retest of 1.0828/87.

    Res: 1.0775, 1.0828, 1.0887, 1.0897
    Sup: 1.0714, 1.0693, 1.0680, 1.0646

    [​IMG]
     
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