Fri, Feb 27 2009, 14:35 GMT
by Slobodan Drvenica
EURUSD
Maintains negative tone, with 1.2751 lower top capping and the break under 1.2662, 24 Feb low, to open 1.2557 first, then 1.2392, 2008 low, posted 28.Oct.
Res: 1.2700, 1.2755, 1.2784, 1.2811
Sup: 1.2602, 1.2557, 1.2513, 1.2423
GBPUSD
Stalled near 1.4375, 24 Feb low, retracing over 61.8% of the 1.4161/1.4385 recovery, ahead of fresh relapse, warning of a challenge on 1.4092 and then 1.4052.
Res: 1.4317, 1.4375, 1.4385, 1.4430
Sup: 1.4092, 1.4068, 1.4052, 1.4029

USDJPY
Continues to firm off 87.10/13 double-bottom to pressure 98.88, 50% retracement of 100.67/87.10 decline, with 98.72 seen so far. Above here opens 99.48 first. 96.35 supports the advance.
Res: 97.90, 98.72, 98.88, 99.48
Sup: 96.53, 96.36, 95.95, 95.68
USDCHF
Continues recovery off 1.1460/65 double bottom. Triangular base now projecting a near-term retest on 1.1184, 2009 high, posted 20 Feb. 1.1595 buoys the advance.
Res: 1.1799, 1.1827, 1.1884, 1.1925
Sup: 1.1636, 1.1580, 1.1550, 1.1534
Published on Fri, Feb 27 2009, 14:39 GMT
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