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Technical Summary for Majors

Fri, Mar 6 2009, 13:19 GMT
by Slobodan Drvenica

Windsor Brokers Ltd


EURUSD
Latest thrust above 1.2678 range ceiling highlights possible 2-week falling wedge breakout for an initial 1.2811 recovery. Losing daily low at 1.2533, however, defers.

Res: 1.2737, 1.2751, 1.2784, 1.2811
Sup: 1.2579, 1.2533, 1.2484, 1.2457

eurusd


GBPUSD
Strength from 1.3985, 02 Mar low, has broken short-term negative structure with a sustained rise over 1.4290 potentially leading to a more substantial recovery.

Res: 1.4289, 1.4305, 1.4365, 1.4385
Sup: 1.4143, 1.4108, 1.4097, 1.4061

gbpusd 


USDJPY
Extended underlying bull move to reach 99.69 on Thursday, before breaking under 98.90, to complete a minor top. Loss at 96.85 now cautions 94.88, 38% retracement, ahead of fresh push higher.

Res: 98.51, 98.70, 99.00, 99.36
Sup: 96.53, 96.35, 95.95, 95.68

usdjpy 


USDCHF
Wednesday’s rejection at 1.1800 area marks lower top, with break of 1.1534 exposing congestive lows at 1.1460 next. Above 1.1631 needed to refocus 1.1850.

Res: 1.1631, 1.1631, 1.1675, 1.1722
Sup: 1.1460, 1.1401, 1.1332, 1.1315

usdchf


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