Wed, Jan 14 2009, 15:05 GMT
by Slobodan Drvenica
EURUSD
Recovery attempt off 1.3312, 6 Jan low, stalled at 1.3801 on 08 Jan, just under key 1.3840 pivot, turning focus lower again. Break below 1.3312 pivots the market towards 1.3000/1.2894, psychological barrier/76.4% retracement of 1.2329/1.4723 advance. Upside attempts should be capped by 1.3140/88.
Res: 1.3335, 1.3374, 1.3400, 1.3431
Sup: 1.3000, 1.2968, 1.2903, 1.2894

GBPUSD
Strong decline from 1.5374, 08 Jan lower high, now risks full retracement of the rally from 1.4350, 31 Dec 2008 bottom, although a bounce towards 1.4617/56 may precede fresh weakness. However, while 1.4350 holds, scope remains for further recovery.
Res: 1.4600, 1.4710, 1.4765, 1.4785
Sup: 1.4470, 1.4428, 1.4375, 1.4350

USDJPY
Slipped lower off 94.65 to find short-term support at 88.80. Marginal higher low is now leading to pressure on 89.98/90.09 resistance area, where a break is needed to end bear structure.
Res: 89.98, 90.15, 90.30, 90.60
Sup: 88.98, 88.41, 88.10, 87.50
USDCHF
Maintains positive structure off 1.0370, 29 Dec low. Market will continue to pressure 1.1255/80 ceiling, with potential break there to focus 1.1562, 61.8% retracement of 1.2296/1.0368 decline next. Downside, 1.1098 underpins the advance.
Res: 1.1255, 1.1280, 1.1310, 1.1400
Sup: 1.1123, 1.1098, 1.1069, 1.1000
Published on Wed, Jan 14 2009, 15:27 GMT
Windsor Brokers Ltd
| Windsor Business Center, 53, Spyrou Kyprianou Av., Limassol, Cyprus
http://www.windsorbrokersltd.com | customerservices@windsorbrokersltd.com
Weekly Market Commentary - Libor and Official Interest rates are at their narrowest by Mizuho Corporate Bank
Fri, Jul 3 2009, 14:33 GMT
London Gold Market Report by BullionVault.com
Fri, Jul 3 2009, 13:24 GMT
European Market Update - Spain June Services PMI: 41.2 v 39.1 prior by TradeTheNews.com
Fri, Jul 3 2009, 12:32 GMT
Daily Market Report - Risk aversion was the main theme of yesterday's trading session by Wachovia
Fri, Jul 3 2009, 12:25 GMT
FX Thoughts for the Day by Kshitij Consultancy Service
Fri, Jul 3 2009, 12:23 GMT
eurusd, gbpusd, usdchf, usdjpy
View AllEuropean Markets mixed, EUR rises and GBP lower
FXstreet.com | Fri, Jul 3 2009, 14:38 GMT
Forex: EUR/USD rebounds at 1.3980, back above 1.4000
FXstreet.com | Fri, Jul 3 2009, 11:46 GMT
CURRENCIES: Dollar Edges Higher In Thin Trade Ahead Of Holiday
Dow Jones | Fri, Jul 3 2009, 11:46 GMT
Forex: GBP/USD falls further to test 1.6300
FXstreet.com | Fri, Jul 3 2009, 11:20 GMT
2nd UPDATE: UK Service Sector Grows, End Of Recession Nears
Dow Jones | Fri, Jul 3 2009, 10:15 GMT
eurusd, gbpusd, usdchf, usdjpy
View AllGET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program