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

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Mar 18, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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    EUR/USD

    Rally off 1.3639/56, 15/16 Mar low, stalled at 1.3816 yesterday, ahead of reversal. Loss of 1.3656/39 supports opens 1.3620/1.3530, to possibly continue broader downtrend. Only regain of 1.3727 would avert immediate bears.

    Res: 1.3685, 1.3727, 1.3739, 1.3780
    Sup: 1.3639, 1.3620, 1.3595, 1.3575

    [​IMG]


    GBP/USD

    Positive short-term structure off yesterday’s 1.5207 higher low starts to fade after break under 1.5268/58 supports, with loss of 1.5207 to way for deeper correction. However, regain of minimum 1.5316/30 would improve the tone.

    Res: 1.5316, 1.5330, 1.5380, 1.5417
    Sup: 1.5217, 1.5207, 1.5194, 1.5174

    [​IMG]


    USD/JPY

    Continues to further retrace the recent 88.13/91.08 upleg, with today’s break below 89.98, near-term range, now focusing 89.62, 09 Mar low/50% retracement, where a higher low would mark fresh attempt towards 91.08/22.

    Res: 90.85, 91.08, 91.22, 91.35
    Sup: 89.62, 89.45, 89.26, 88.96

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    USD/CHF

    Probed the 1.0523/1.0497 support zone, to reach 1.0505, ahead of current bounce. This is seen corrective while 1.0641/48 holds, with further drop reaffirming recent 3-legged corrective swings off 0.9916 to open 1.0424/1.0368 zone next. Break above 1.0641/48 hints renewed strength.

    Res: 1.0621, 1.0641, 1.0676, 1.0697
    Sup: 1.0505, 1.0497, 1.0481, 1.0476

    [​IMG]
     
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