EUR/USD
The single currency extends gains to post fresh daily high at 1.3073, also high of 23 Oct. Positive near-term studies, with 20 day EMA protecting the downside, keep bulls in play. The last hurdle on the way to 1.3100 lies at 1.3082, 22 Oct high / tentative bear-trendline, connecting 1.3170 and 1.3138 peaks, with clearance of 1.3100, expected to open key near-term barriers at 1.3138/70, 17 Oct / 17 Sep peaks. Today’s lows and higher base at 1.3020, offer initial support, ahead of 1.3000, Fib 38.2% / 55 day EMA.
Res: 1.3046, 1.3050, 1.3082, 1.3100
Sup: 1.3032, 1.3020, 1.3000, 1.2981 
GBP/USD
Eventual break above one-week congestion top at 1.6050 zone, to emerge out of daily Ichimoku cloud and post fresh one-month high, just under our initial target at 1.6100. Bullish resumption is seen on break through 1.6100, as near-term studies remain positive, with initial barriers at 1.6133/42, 02 Nov/25 Oct highs, seen en-route to key barriers and double-top at 1.6178/74, 17 Oct / 01 Nov highs. Fresh momentum building-up on a larger picture, supports the notion. Previous strong barrier at 1.6050 zone, now reverts to initial support, ahead of Fibonacci levels at 1.6038 and 1.6023. Only slide below 1.6000 would put near-term bulls on hold.
Res: 1.6086, 1.6092, 1.6100, 1.6133
Sup: 1.6065, 1.6050, 1.6038, 1.6023 
USD/JPY
The pair regained ground after reversal from 82.74 found support at 82.00, 55 day EMA and subsequent bounce reached 82.36, double-Fibonacci barrier, 50% of 82.74/81.98 and 76.4% of today’s slide from 82.49, daily high. Studies on 4h chart keep momentum for possible fresh extension higher and test of upper range boundaries at 82.74/83, while still weak hourly studies require push through the next barrier at 82.50 zone, to avert risk of lower top and fresh slide towards range floor. Violation of 82.00 would increase bear-pressure and re-focus pivotal 81.68, 28 Nov low.
Res: 82.36, 82.50, 82.74, 82.83
Sup: 82.20, 82.00, 81.90, 81.68 
USD/CHF
Succession of fresh lows and brief corrective action, define the near-term downtrend, with the latest downleg from 0.9339, 28 Nov high, approaching key support at 0.9213, 17 Oct low. This also mark the floor of consolidative phase from mid-September, loss of which to signal fresh extension of larger downtrend from 0.9970, 24 July yearly high. Descending 20 day EMA on 4h chart, maintains bears while more significant barrier at 0.9300, 55 day EMA / daily Ichimoku cloud base, is seen capping for now.
Res: 0.9269, 0.9279, 0.9290, 0.9300
Sup: 0.9246, 0.9239, 0.9213, 0.9200
Technical Summary for Majors
Mon, Dec 3 2012, 15:51 GMT
by
Slobodan Drvenica
|
Windsor Brokers Ltd






