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

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Apr 13, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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    EUR/USD

    Broke through 1.3591 lower ceiling yesterday, to hit a fresh high at 1.3691, ahead of pullback on overbought conditions. Market so far found support at 1.3565, though, holding above 1.3538/1.3496 would keep immediate bulls in play for possible attempt towards key 1.3816 high.

    Res: 1.3640, 1.3691, 1.3735, 1.3788
    Sup: 1.3555, 1.3538, 1.3496, 1.3459

    [​IMG]

    GBP/USD

    Yesterday's rejection at 1.5484 weighs on near-term outlook, though downside loss of 1.5128 is needed to confirm. However, ability to hold above 1.5313/1.5267 would maintain positive tone for fresh attempt through 1.5484, to possibly attract 1.5520/74, with the latest break above 1.5400/20 increasing hopes for such scenario.

    Res: 1.5461, 1.5484, 1.5520, 1.5535
    Sup: 1.5335, 1.5313, 1.5267, 1.5235

    [​IMG]



    USD/JPY

    Has found a foothold at 92.56 today, and has pushed higher to challenge 94.40/61, the upper corrective channel off 94.77, 05 Apr high. Break above the latter would signal start of next bull leg through layered resistances at 93.78 and 94.25, for possible retest of 94.77. Loss of 92.56 would expose 92.26/11 instead.

    Res: 93.40, 93.59, 93.78, 94.25
    Sup: 92.56, 92.45, 92.26, 92.11

    [​IMG]


    USD/CHF

    Remains locked within a choppy, though broadly flat range. Recent pullback off 1.0784, 08 Mar high, has so far found support at 1.0525. Break here would signal fresh weakness towards 1.0489, possibly 1.0433 on a break. Upside clearance of 1.0615/55 is needed to pivot the market higher and focus 1.0686/1.0761.


    Res: 1.0615, 1.0655, 1.0686, 1.0713
    Sup: 1.0525, 1.0510, 1.0489, 1.0433

    [​IMG]
     
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