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Technical Summary for Majors
Mon, Jan 12 2009, 07:26 GMT
Windsor Brokers Ltd
EUR/USD
Fails to push above 1.3840 congestive lows while reaffirming bear presence to risk at 1.3312 return and at 1.3250 where a bounce may be initially anticipated.
Res: 1.3488, 1.3534, 1.3582, 1.3630
Sup: 1.3358, 1.3312, 1.3250, 1.3221

USD/JPY
Extending decline to approach 89.75 from 29 of December, nr 61.8% of 87.13/94.65. A 5 wave-like structure numbers completion off 94.65 though o/shoot to 88.41-89.00 possible.
Res: 90.60, 90.95, 91.66, 92.04
Sup: 89.75, 89.54, 89.00, 88.41

GBP/USD
Hourly RSI positive reversal projects recovery above 1.5400, 76.4% retrace of 1.5724 -1.4350 fall once a base is found ahead of last Friday's 1.4984 low.
Res: 1.5189, 1.5204, 1.5247, 1.5285
Sup: 1.5052, 1.5020, 1.4974, 1.4940

USD/CHF
Returns to strength, completing a 3-day bull flag-like pattern off 1.0865 low, 08 January. Scope set at 1.1280 and 1.1310, 50% - 1.2251/1.0370 fall.
Res: 1.1200, 1.1230, 1.1280, 1.1310
Sup: 1.1112, 1.1079, 1.1069, 1.1000

Published on
Mon, Jan 12 2009, 07:31 GMT
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