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

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Mar 12, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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    EUR/USD

    Fresh strength has emerged from 1.3620 support, clearing 1.3678/1.3703 resistance zone, en-route to 1.3787, possibly to test 1.3798, range upper limit. Break there is required to resume recovery and expose 1.3838, then 1.3886, 09 Feb high / 02 Feb low.

    Res: 1.3735, 1.3787, 1.3798, 1.3838
    Sup: 1.3678, 1.3654, 1.3620, 1.3595

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    GBP/USD

    Continues to trend higher after finding support at 1.4871 higher low, with the latest strong rally, now focusing 1.5194, 08 Mar high. Break there will increase possibilities for attempt towards 1.5345, while early rejection risks lower top instead.

    Res: 1.5135, 1.5194, 1.5210, 1.5235
    Sup: 1.5024, 1.5013, 1.4990, 1.4920

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    USD/JPY

    Remains constructive off 88.13, 04 Mar low. Consolidation under 90.75/83, 12/10 Mar highs respectively, is forming a likely continuation for an extension higher to test 91.35, falling trendline drawn off 93.75. 90.33/20 supports immediate advance.

    Res: 90.73, 90.81, 91.00, 91.30
    Sup: 90.31.90, 15, 89.80, 89.62

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    USD/CHF

    Fresh weakness off 1.0810 lower top have tripped 1.0647/48 lows, highlighting current area top pattern breakout to risk initial 1.0609. Back over 1.0810, however, will suggest current consolidation instead.

    Res: 1.0740, 1.0752, 1.0787, 1.0808
    Sup: 1.0673, 1.0645, 1.0630, 1.0607

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