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Technical Summary for Majors
Mon, Jan 5 2009, 05:38 GMT
Windsor Brokers Ltd
EUR/USD
Pressuring 2-week range low via possible falling wedge off 1.4363 high from 29 of December to warn of pent-up bears. Loss there opens 1.3629, nr 50% - 1.2549/1.4720.
Res: 1.3988, 1.4000, 1.4035, 1.4058
Sup: 1.3824, 1.3770, 1.3722, 1.3682

USD/JPY
Last Friday's bull flag breakout beckons with further lift above 92.26, 38.2% - 100.56/87.13 fall, favoring 93.91, nr 50% retrace. Friday's low buoys for now.
Res: 92.41, 92.60, 93.10, 93.52
Sup: 91.75, 91.46, 90.99, 90.59

GBP/USD
Sets the tone for minor ranging under last Friday's 1.4815, nr 38.2% of 1.5724/ 1.4350 fall. Risk however is tagged at 1.4350 to open 1.4040 from 23 November 2001 low.
Res: 1.4560, 1.4620, 1.4680, 1.4765
Sup: 1.4375, 1.4350, 1.4300, 1.4276

USD/CHF
Firms off 1.0370 rejection low, from 29 of December, probing 1.0846, approximately 61.8% of 1.1132//1.0370 fall, nr 14-day MA. Sustained brake to open 1.0946 - 1.0969 next.
Res: 1.0846, 1.0893, 1.0946, 1.1054
Sup: 1.0710, 1.0666, 1.0599, 1.0542

Published on
Mon, Jan 5 2009, 05:43 GMT
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