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Windsor Brokers - Short Term Technical Analysis for Majors (09:50 GMT)

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

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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    EUR/USD
    Corrective attempt from 1.2968 low cleared 1.3149 resistance, en-route to 1.3200, last Friday’s low, where a lower top is anticipated, ahead of fresh weakness. Loss of 1.2968 to target 1.2791, 61.8% of 1.1875/1.4280. However, sustained gains above 200 day MA at 1.3130, may signal further recovery and open 1.3277/1.33 instead.

    Res: 1.3180, 1.3200, 1.3277, 1.3300
    Sup: 1.3087, 1.3048, 1.2968, 1.2955

    [​IMG]


    GBP/USD
    Maintains positive near-term tone, following bounce off 1.5483 low, just above the main trendline support, drawn off 1.4230. Break above 1.5645/50, key resistance zone is needed to continue recovery towards 1.5709, 61.8% of 1.6085/1.5483 downleg. Downside, loss of 1.5483 would signal fresh weakness.

    Res: 1.5636, 1.5650, 1.5709, 1.5725
    Sup: 1.5546, 1.5509, 1.5483, 1.5448

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    USD/JPY
    Reversed sharply higher after the pullback from 84.39 found support at 83.37, to fully retrace the latest 84.39/83.37 decline. Correction is underway, with 83.80/70 offering an initial support for fresh attempt higher, and break through 84.39 to open 85.00/40 next. Only loss of 83.38 would delay bulls.

    Res: 84.39, 84.58, 85.00, 85.40
    Sup: 83.96, 83.70, 83.37, 82.93

    [​IMG]



    USD/CHF
    Extended recovery off 0.9546 to reach 1.0064, ahead of reversal. Immediate support lies at 0.9983, while possible further reversal should be contained by 0.9865/47, to maintain bulls. Above 1.0064 opens 1.0100/16 next.

    Res: 1.0052, 1.0064, 1.0075, 1.0116
    Sup: 0.9983, 0.9933, 0.9924, 0.9896

    [​IMG]
     
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