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Short Term Technical Analysis for Majors (14:00 GM Post Reply Rate topic
WindsorBrokers Senior	25-Jan-2011 23:08        WindsorBrokers About Contact  Quote this Post!
x 0   x 0  Alert Admin	EUR/USD Corrects lower after the latest push higher reached fresh high at 1.3685. Temporary support was found at 1.3627, ahead of key near-term support at 1.3539. Break above 1.3685 to trigger fresh strength towards 1.3738 and 1.3784. Loss of 1.3539, however, would suggest stronger reversal towards 1.3465 and 1.3400 zone. Res: 1.3637, 1.3685, 1.3738, 1.3784 Sup: 1.3673, 1.3539, 1.3465, 1.3412 http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20110125142349.gif   GBP/USD Upside rejection at 1.6020 zone has triggered reversal, with loss of first support at 1.5920, accelerating decline through 1.5837/00 zone, to reach 1.5750 low so far. This turns near-term outlook negative, with correction higher expected to precede fresh weakness. 1.5835/65 offer initial resistance, though, regain of 1.5920 to suggest retest of 1.6020, possibly 1.6058 on a break. Downside, 1.5716, 120 days MA offers initial support, ahead of 1.5660/20 zone. Res: 1.5837, 1.5865, 1.5920, 1.6016 Sup: 1.5750, 1.5716, 1.5700, 1.5660 http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20110125142244.gif   USD/JPY Upside remains capped for now after fresh strength from 81.84 failed just under trendline resistance at 83.22. While holding below the latter, focus remains on test of 81.84, loss of which would signal an end of short-term recovery attempt from 80.92, and expose 81.67 next. Break above 83.10, however, opens way for further gains and possible retest of 83.67, clearance of which is required to resume recovery and expose key short-term resistance at 84.49. Res: 82.63, 82.76, 83.11, 83.45 Sup: 82.25, 81.84, 81.67, 81.51 http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20110125142218.gif   USD/CHF Fresh weakness on upside failure at 0.9685, broke below 0.9518/00 support zone, to extend losses to 0.9422 so far. This signals a possible end of recovery attempt from 0.9301, historical low. Corrective attempts are seen capped by 0.9520, while only regain of 0.9621 would signal fresh recovery. Downside, below 0.9420/00, targets 0.9365/01.  Res: 0.9493, 0.9520, 0.9550, 0.9565 Sup: 0.9420, 0.9400, 0.9365, 0.9301 http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20110125142146.gif
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