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

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Mar 30, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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    EUR/USD

    Corrective rally from 1.3266, 25 Mar low, has so far been capped by 1.3436, just ahead of 1.3540, 50% retracement of 1.3816/1.3266 downleg. Current pullback now attempts at 1.3433 support and possible break under 1.3417 to confirm lower top, ahead of fresh weakness, focusing 1.3266. Early downside rejection, however, would keep near-term bulls in play, though, clearance of key 1.3570 is required to resume recovery.

    Res: 1.3540, 1.3570, 1.3605, 1.3640
    Sup: 1.3433, 1.3417, 1.3377, 1.3344

    [​IMG]



    GBP/USD

    Continue to correct 1.5380/1.4797 downleg, with today’s clearance of 1.5018/1.5111 barriers, now focusing 1.5145, trendline resistance. Break there is required to resume correction towards 1.5215/54, ahead of possible attempt at key 1.5380 high. 1.5017/1.4975 offers support.

    Res: 1.5145, 1.5156, 1.5165, 1.5204
    Sup: 1.5018, 1.4975, 1.4955, 1.4890

    [​IMG]


    USD/JPY

    Remains in consolidation mode, following break through 91.74, two years falling trendline and 92.13, previous high, to reach 92.94 high on 25 Mar. Focus remains on 93.09/75, 50% retracement of the broader 101.43/84.80 decline, 92.11/91.75 zone underpins.

    Res: 92.96, 93.09, 93.39, 93.75
    Sup: 92.11, 91.75, 91.50, 91.33

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    USD/CHF

    Reversal 1.0749, 25 Mar high, has so far found support at 1.0585/75, trendline support, with further dips to 1.0557 not ruled out, but loss of key 1.0545 to trigger near-term weakness. Upside clearance of 1.0661 is needed to firm the tone for 1.0749 retest.

    Res: 1.0661, 1.0688, 1.0702, 1.0722
    Sup: 1.0585, 1.0575, 1.0545, 1.0505

    [​IMG]
     
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