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Technical Summary for Majors

Wed, Jan 7 2009, 07:33 GMT

Windsor Brokers Ltd


EUR/USD
Snaps back above 1.3378, 61.8% of 1.2549-1.4720 rise favoring possible lift back at 1.3660 high. Lapse below 1.3312 however exposes 1.3250 next.

Res: 1.3565, 1.3618, 1.3662, 1.3708
Sup: 1.3358, 1.3312, 1.3250, 1.3221

EURUSD

USD/JPY
Snaps back below 93.91 high, nr 50% - 100.56-87.13 fall as obligate pullback possibly sets in. Risk at 92.84 where a swing low may be anticipated for now.

Res: 94.65, 94.99, 95.43, 95.75
Sup: 92.80, 92.41, 91.80, 91.46

USDJPY

GBP/USD
Recovery from 1.4350, 31 December 2008 bottom eyes 50% retrace of the fall from 1.5724, 17 December reaction high at 1.5037 near term. 1.4740 should curb dips.

Res: 1.4933, 1.4994, 1.5015, 1.5037
Sup: 1.4815, 1.4740, 1.4675, 1.4644

GBPUSD

USD/CHF
Signals possible short-term trend reversal on break of 1.1132 high from 19 of December. Above 1.1280 high and 1.1310 favor 1.1532. Tuesday's low possible buoys for now.

Res: 1.1205, 1.1280, 1.1310, 1.1400
Sup: 1.1109, 1.1076, 1.1040, 1.1003

USDCHF


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