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Windsor Brokers - Short Term Technical Analysis for Majors (09:30 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Mar 2, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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    EUR/USD

    Maintains negative structure after yesterday’s bounce off 1.3460 low failed at 1.3579. Subsequent reversal now seeks for 1.3460/45 zone retest, break of which to expose 1.3422/05. Above 1.3590 to firm for 1.3650/90.

    Res: 1.3579, 1.3653, 1.3681, 1.3690
    Sup: 1.3495, 1.3460, 1.3445, 1.3422

    [​IMG]


    GBP/USD

    Recovery attempt off yesterday’s 1.4780 now underway, with 1.5008 reached so far. Scope is seen for push higher towards 1.5090, where fresh downleg is expected to emerge, for test of 1.4853/1.4780. Regain of 1.5090/1.5200 zone, however to firm and allow stronger correction.

    Res: 1.5008, 1.5090, 1.5170, 1.5202
    Sup: 1.4853, 1.4780, 1.4772, 1.4755

    [​IMG]

    USD/JPY

    Remains in a short-term range trading within 89.48/88.73, after decline from 92.13 high. Upside clearance of 89.43 is needed to open way for fresh recovery towards 89.90/90.35, while the downside break under 88.73 would open 88.54, then 87.72/36 instead.


    Res: 89.48, 89.72, 89.90, 90.35
    Sup: 88.73, 88.54, 88.25, 87.73

    [​IMG]

    USD/CHF

    Continues to trend higher, following bounce from 1.0774. Latest clearance of 1.0869/77 now seeks for break above 1.0897, 19 Feb high, to open 1.0930/50 area next. Only below 1.0690 to weaken the structure.

    Res: 1.0887, 1.0897, 1.0930, 1.0940
    Sup: 1.0774, 1.0720, 1.0690, 1.0680

    [​IMG]
     
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