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 (14:15 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Feb 23, 2011.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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

    Continues to trend higher from yesterday’s 1.3525 base, with 1.3743, 09 Feb high tested thus far. Break here will open 1.3788/1.3824 levels, ahead of retest of key resistance at 1.3860, 02 Feb peak, above which will signal a resumption of broader uptrend from 1.2872, 10 Jan low. Higher platform at 1.3640 now underpins the advance.

    Res: 1.3743, 1.3788, 1.3824, 1.3860
    Sup: 1.3692, 1.3680, 1.3647, 1.3634

    [​IMG]




    GBP/USD

    Maintains positive tone from 1.6100, yesterday’s low, hitting 1.6272 high so far, just under 1.6277 barrier. Corrective easing remains well supported by 1.62 zone for now, with scope for break above 1.6277/97 to open way for fresh extension higher.. Immediate support lies at 1.6200/1.6185, while loss of 1.61 will weaken near-term tone.

    Res: 1.6272, 1.6277, 1.6297, 1.6330
    Sup: 1.6200, 1.6185, 1.6162, 1.6124

    [​IMG]



    USD/JPY

    Extends reversal from 83.96, 16 Feb peak, has so far retraced 50% of the latest 81.10/83.96 ascend, with negative near-term studies looking for further weakness towards 82.20, 61.8% retracement, loss of which will signal return to 81.76/81.10 levels. At the upside, 82.88/83.00 area offers immediate resistance and expected to cap. Otherwise, fresh recovery attempt will focus 83.50 next.

    Res: 82.88, 83.23, 83.52, 83.73
    Sup: 82.52, 82.20, 81.76, 81.10

    [​IMG]




    USD/CHF

    Accelerates losses after yesterday’s recovery attempt from 0.9432 stalled at 0.9504. Immediate target lies at 0.9343, trendline support, ahead of 0.9327, 02 Feb higher low, and possible retest of 0.9301, historical low, break of which will open fresh bear-phase. At the upside, 0.9432/ 0.9504 is expected to limit corrective attempts.

    Res: 0.9390, 0.9432, 0.9450, 0.9504
    Sup: 0.9353, 0.9342, 0.9327, 0.9301

    [​IMG]
     
Loading...

Share This Page