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Windsor Brokers - Short Term Technical Analysis for Majors (14:30 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Mar 1, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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    EUR/USD

    Was sharply after upside attempt at 1.3681 failed at 1.3653. Losses reached 1.3505, breaking through 61.8% retracement of 1.3450/1.3681 upleg. This now opens way for 1.3445 retest. Upside remains capped by 1.3653/81.

    Res: 1.3585, 1.3653, 1.3681, 1.3690
    Sup: 1.3465, 1.3445, 1.3422, 1.3405


    GBP/USD

    Slumped to the 10-months low of 1.4780 after breaking under 1.5095. Losses cleared 1.4861, 61.8% retracement of 1.3500/1.7041 upleg, now opening way for test of 1.4700, while 1.5530/50 caps.

    Res: 1.4970, 1.5095, 1.5170, 1.5202
    Sup: 1.4780, 1.4772, 1.4755, 1.4700


    USD/JPY

    Underwent short-term consolidation within 88.73/89.48 range, though, the focus remains to the downside. Break below 88.73 to expose key 88.54 pivotal low. Upside, for now, remains capped by 89.55.


    Res: 89.55, 89.72, 89.90, 90.35
    Sup: 88.73, 88.54, 88.25, 87.90


    USD/CHF

    Found support at 1.0693/1.0720, with bounce off there having breached 1.0800 barrier, for test of key 1.0880/97 resistance area. Break there to open 1.0930/50, while 1.0690 supports.

    Res: 1.0840, 1.0880, 1.0897, 1.0930
    Sup: 1.0720, 1.0693, 1.0680, 1.0646
     
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