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Windsor Brokers - Short Term Technical Analysis for Majors (13:30 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Mar 29, 2011.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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    EUR/USD

    Recovery attempt from 1.4020 has run out of steam at 1.4147, just under 1.4155/60 resistance zone, ahead of fresh weakness. Loss of initial support at 1.4060, now looks for retest of 1.4020, yesterday’s low, break of which will signal fresh leg lower of reversal from 1.4247 and open 1.4000/1.3980 next.

    Res: 1.4147, 1.4155, 1.4175, 1.4213
    Sup: 1.4025, 1.4020, 1.4000, 1.3980

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    GBP/USD

    Returns to weakness after near-term recovery from 1.5935, fresh 2-month low, failed to clear 1.6040 barrier. Market has nearly fully retraced the recent 1.5935/1.6040 ascend, with loss of 1.5935 to extended bear-leg from 1.6400 and target 1.5820/1.5750, 31/25 Jan lows. Upside remains capped at 1.6040 for now.

    Res: 1.5974, 1.6040, 1.6060, 1.6088
    Sup: 1.5935, 1.5870, 1.5820, 1.5750

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    USD/JPY

    Fresh gains from near-term higher platform at 81.50 eventually broke above 82.00, recovery high, approaching 82.45, 14 mar low, en-route to 83.29, 11 mar high and possible attempt at 84.00/49, key med-term barriers. Near-term studies are positive, but overbought on 1 and 4-hour charts, suggesting corrective pullback ahead of fresh push higher. 82.00 offers initial support, while 81.50 underpins.

    Res: 82.45, 82.60, 83.00, 83.29
    Sup: 82.00, 81.50, 81.28, 80.86


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    USD/CHF

    Reversal from 0.9232, yesterday’s recovery high, found support at 0.9138, just above key near-term support at 0.9120, followed by fresh rally. Market is approaching 0.9232, break of which will open way for fresh phase higher and expose 0.93.00 and key short-term barrier at 0.9367. At the downside, 0.9138/20 support the advance.


    Res: 0.9232, 0.9250, 0.9310, 0.9367
    Sup: 0.9138, 0.9120, 0.9075, 0.9050

    [​IMG]
     
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