1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

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

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Jun 28, 2011.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

    Joined:
    Feb 18, 2010
    Messages:
    948
    Likes Received:
    1
    EUR/USD

    Attempts to clear strong resistance at 1.4330, today/yesterday’s highs, to resume near-term uptrend from 1.4100. Corrective dips were so far contained at 1.4240 zone, with break above 1.4330 to expose 1.4350, trendline resistance, ahead of 1.4440, 22 June high. Failure to clear 1.4330 would signal fresh weakness, with loss of 1.4240/00 needed to confirm and expose 1.4100 instead.

    Res: 1.4330, 1.4350, 1.4400, 1.4440
    Sup: 1.4236, 1.4221, 1.4200, 1.4167

    [​IMG]


    GBP/USD

    Trades in a narrow range after recovery attempt from yesterday’s fresh 5 month low at 1.5912, remains capped at 1.6010. Near-term tone’s improvement needs to see clear break above 1.6010/45 to resume recovery towards 1.6077/1.6100 next, while upside failure risks return to 1.5910 and possible attempt at 1.5880, Fib 61.8% of 1.5343/1.6745 ascend and bear channel floor at 1.5845.

    Res: 1.6010, 1.6045, 1.6077, 1.6100
    Sup: 1.5961, 1.5910, 1.5900, 1.5880

    [​IMG]


    USD/JPY

    Near-term positive tone from 80.00 support remains in play as the pair is approaching initial barrier at 81.05, 15 June high. Break here is required to signal near-term base and open way for test of next key levels at 81.76 and 82.20, along with dynamic resistances at 81.16/60 and 82.20, daily 55; 90; 200 day MA’s. Current consolidation under 81.05 needs to hold above 80.60 zone, yesterday’s intraday low / 20 day MA, to maintain near-term bulls.

    Res: 81.05, 81.31, 81.76, 82.20
    Sup: 80.71, 80.60, 80.48, 80.29

    [​IMG]



    USD/CHF

    Resumes the bear trend after ending brief consolidation above record low at 0.8312. Fresh weakness is currently attempting at 0.8300, loss of which would open way for series of fresh historical lows, with 0.8285/00 projections seen next. Upside is seen capped at 0.8375/0.8400 for now.

    Res: 0.8356, 0.8376, 0.8400, 0.8436
    Sup: 0.8300, 0.8285, 0.8250, 0.8200

    [​IMG]
     
Loading...

Share This Page