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Windsor Brokers - Short Term Technical Analysis for Majors (15:30 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Mar 2, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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    EUR/USD

    Broke under 1.3445 to reach fresh yearly low at 1.3434 today. Recovery attempt followed, though, negative structure dominates while 1.3653 holds and only sustained break through 1.2681/90 to improve.

    Res: 1.3597, 1.3653, 1.3681, 1.3690
    Sup: 1.3460, 1.3434, 1.3422, 1.3342

    [​IMG]

    GBP/USD

    Corrects from 1.4780 low, though 1.5012 caps for now. Break there to extend higher to 1.5094/1.5125, possibly 1.5185/1.5203 on a break. Downside loss of 1.4880/53, however, weakens and re-exposes 1.4780 test.

    Res: 1.5008, 1.5090, 1.5185, 1.5203
    Sup: 1.4880, 1.4853, 1.4780, 1.4755

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    USD/JPY

    Remains locked in a short-term consolidation within 89.48/88.73, after decline from 92.13 high. Upside clearance of 89.43 is needed to open way for fresh recovery towards 89.90/90.35, while the downside break under 88.73 would open 88.54, then 87.72/36 instead.


    Res: 89.48, 89.72, 89.90, 90.35
    Sup: 88.73, 88.54, 88.25, 87.73

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    USD/CHF

    Dipped to 1.0755 today, following upside rejection at 1.0887. However, structure remains positive, with fresh push higher under way. While 1.0755/18 holds, see scope for attempt to 1.0887/97. Potential break there to open 1.0955/87 next, while loss of 1.0714/1.0693 sours.

    Res: 1.0887, 1.0897, 1.0930, 1.0940
    Sup: 1.0714, 1.0690, 1.0680, 1.0646

    [​IMG]
     
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