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

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Mar 16, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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    EUR/USD

    Dipped to 1.3639, yesterday, just shy of 1.3620 key support, following an upside rejection at 1.3795 on 12 Mar. Fresh strength is now underway, looking for test of 1.3759/95, while 1.3656, today’s higher low and 1.3739/20 buoy the advance.

    Res: 1.3759, 1.3798, 1.3803, 1.3838
    Sup: 1.3656, 1.3639, 1.3620, 1.3595

    [​IMG]


    GBP/USD

    Broke under 1.5018, yesterday’s low, to extend losses to 1.4976 today, though failed to gain momentum, with subsequent bounce now reviving potential of break through 1.5217, 12 Mar high and re-expose 1.5316/45 retest.

    Res: 1.5170, 1.5208, 1.5218, 1.5262
    Sup: 1.5085, 1.5060, 1.5018, 1.4976

    [​IMG]


    USD/JPY

    Extended bull phase off 88.13, 4 Mar low, to stall at 91.08 just below 91.24, trendline resistance. Immediate support was found at 89.98, ahead of rally to 90.72 today, just under 90.85, break of which would open key 91.08/35 resistance area. Current pullback seen corrective while 89.98 holds.

    Res: 90.72, 90.85, 91.08, 91.35
    Sup: 89.98, 89.80, 89.62, 89.45

    [​IMG]


    USD/CHF

    Last week’s break below key supports has triggered a fresh weakness to reach 1.0575 on 12 Mar. Minor corrective attempt from there left a lower top at 1.0641, with bears breaking through 1.0575 support and now focusing 1.0515, 50% retracement of 1.0129/1.0897 upleg. 1.0621/41 caps for now.

    Res: 1.0621, 1.0641, 1.0676, 1.0697
    Sup: 1.0567, 1.0541, 1.0515, 1.0497

    [​IMG]
     
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