EUR/USD
Reversal from 1.3457, 14 Jan peak has found support at 1.3243, just above 38.2% retracement of 1.2872/1.3457 ascend, ahead of fresh strength. Break above 1.3400 barrier now looks for retest of 1.3457, ahead of key 1.35 resistance, break of which is needed to spark fresh phase higher. Immediate support lies at 1.33 zone, while possible loss of 1.3243 would put test of 1.35 on hold and signal deeper correction towards 1.3165.
Res: 1.3427, 1.3457, 1.3497, 1.3530
Sup: 1.3341, 1.3313, 1.3302, 1.3252
GBP/USD
Clearance of 1.5910, key near-term support has triggered fresh gains through 1.60, to hit 1.6058 high so far. Corrective pullback on overbought studies should be contained by 1.58 zone to keep immediate bulls in play, and through 1.6058 to target 1.6080/90.
Res: 1.6014, 1.6058, 1.6080, 1.6095
Sup: 1.5953, 1.5904, 1.5885, 1.5868
USD/JPY
Upside rejection at 83.67 and reversal of nearly 50% of 80.92/83.67 upleg suggests near-term top, ahead of further extension lower, with break below 82.30 to look for test of 82.00/81.65 zone, and possible return to 80.92, key short-term support. Upside, regain of 83.00 is needed to improve the tone for 83.45 and 83.67 retest.
Res: 82.79, 83.05, 83.14, 83.45
Sup: 82.27, 82.00, 81.67, 81.27
USD/CHF
Break below the latest consolidation floor at 0.9594, following an upside rejection at 0.9782, now suggests further reversal. Market has so far reached 0.9555, just above 50% retracement of 0.9301/0.9782 upleg, and break here to focus 0.9486, 61.8% next, loss of which would signal an end of corrective phase off 0.9301. Early downside rejection, however, would suggest higher low, though regain of 0.9685/0.9705 zone is required to confirm.
Res: 0.9600, 0.9630, 0.9685, 0.9705
Sup: 0.9555, 0.9540, 0.9515, 0.9486
Please visit our sponsors
Results 1 to 1 of 1
-
18-01-2011, 03:29 PM #1
Short Term Technical Analysis for Majors (14:00 GMT)
-
Sponsored Links
-
Sponsored Links
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
24 Hour Gold
Advertising
- Over 20.000 UNIQUE Daily!
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.