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Short Term Technical Analysis for Majors (15:45 GM Post Reply Rate topic
WindsorBrokers Senior	10-Dec-2010 23:57        WindsorBrokers About Contact  Quote this Post!
x 0   x 0  Alert Admin	EUR/USD Recovery attempt from 1.3163 failed to attack 1.3322, key near-term resistance, leaving lower top at 1.3281 for fresh weakness. Loss of 1.3200 opens 1.3163 pivot, break of which would signal an extension of pullback from 1.3426 and expose 1.3143, 61.8% Fibonacci level next. Res: 1.3281, 1.3322, 1.3352, 1.3399 Sup: 1.3163, 1.3143, 1.3105, 1.3060 http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20101210154530.gif GBP/USD Recent strength from 1.5710 higher low has breached 1.5840 barrier, extending gains to 1.5861, ahead of reversal. This is seen corrective while 1.5710 holds and gains through 1.5840/61 to focus 1.5889 next. Below 1.5710 would delay bulls for deeper correction, initially targeting 1.5667. Res: 1.5824, 1.5840, 1.5861, 1.5889 Sup: 1.5745, 1.5725, 1.5710, 1.5667 http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20101210154530.gif   USD/JPY Pullback from 84.29 found support at 83.44, ahead of fresh strength, keeping the near-term bulls in play. First barrier lies at 84.08, with break here to seek for 84.29/39 retest and possible resumption of uptrend from 80.42. 83.44 now underpins the advance. Res: 84.08, 84.29, 84.39, 84.60 Sup: 83.44, 83.31, 83.08, 82.98 http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20101210154506.gif   USD/CHF Recovery attempt off 0.9724 has run out of steam at 0.9913, with fresh weakness under way. Break below 0.9754 is needed to re-expose 0.9724, break of which would delay short-term recovery from 0.9461 and open 0.9700/0.9668. Upside, Break above 0.9913 is required to continue recovery and turn focus to 0.9948. Res: 0.9893, 0.9913, 0.9948, 1.0020 Sup: 0.9796, 0.9754, 0.9724, 0.9700 http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20101210154430.gif
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