Short Term Technical Analysis for Majors (07:30 GM

Fibonacci support at 1.3544 buoyed yesterday and the push above 1.3626 resistance firmed the near-term tone. Market now eyeing 1.3691, above which opens 1.3729 first. Key resistance stands 1.3816, 17 Mar high. 1.3595 offers initial resistance, while loss of 1.3544 turns the focus lower.

Res: 1.3677, 1.3691, 1.3735, 1.3795
Sup: 1.3595, 1.3565, 1.3544, 1.3520

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20100415072742.gif

 

GBP/USD

Short-term structure from 1.4797 higher low suggests scope for a pullback from the current region. However, failure for any such pullback to push under the 1.5450 region will strengthen the outlook, and above 1.5520 to expose 1.5574 next.

Res: 1.5520, 1.5535, 1.5574, 1.5635
Sup: 1.5454, 1.5430, 1.5400, 1.5375

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20100415072707.gif

 

USD/JPY

Bounce off 92.56 floor has pushed higher to breach 93.25, trendline off 94.77, 05 Apr high, to reach 93.70 thus far. Above 93.70/78 will now firm further for initial upside to 94.25/77, while 92.82 buoys advance for now.

Res: 93.70, 93.78, 94.25, 94.77
Sup: 92.99, 92.81, 92.56, 92.45

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20100415072847.gif

 

USD/CHF

Continues to drift lower within a broad near-term flat consolidation. Under 1.0500, 14 Apr low, would risk a further push lower to possibly test 1.0433, 01 Apr pivot low. Break above 1.0561/1.0615 now needed to shift focus higher.

Res: 1.0561, 1.0615, 1.0655, 1.0686
Sup: 1.0500, 1.0487, 1.0470, 1.0433

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20100415072553.gif