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Technical Summary for Majors
Tue, Jan 6 2009, 07:27 GMT
Windsor Brokers Ltd
EUR/USD
Probes 50% retrace of 1.2549/1.4720 upleg near 1.3629 low from 16 of December ahead of minor equality target at 1.3467. Consolidation breakout at 1.3840 caps for now.
Res: 1.3660, 1.3709, 1.3750, 1.3840
Sup: 1.3467, 1.3407, 1.3378, 1.3250

USD/JPY
Last Friday's bull flag breakout beckons to eye 93.91, nr 50% -100.56/87.13 fall next. Extended highly conditions however caution and below 92.85 defers.
Res: 93.59, 94.91, 94.25, 94.60
Sup: 92.82, 92.41, 91.80, 91.46

GBP/USD
Hourly RSI positive reversal projects ensuing recovery from 1.4350 as 31 December 2008 low could reach 1.4772 zone. Regaining 1.4815 highlights 1.4875 target.
Res: 1.4682, 1.4725, 1.4740, 1.4765
Sup: 1.4540, 1.4505, 1.4475, 1.4428

USD/CHF
Eyes lower top at 1.1132 while poised for break to open 1.1245 and possibly 1.1310, 50% of 1.2251/1.0370 fall. Lapse below 1.0981/70 delays.
Res: 1.1200, 1.1245, 1.1310, 1.1400
Sup: 1.0981, 1.0950, 1.0917, 1.0846

Published on
Tue, Jan 6 2009, 07:34 GMT
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