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Short Term Technical Analysis for Majors (10:00 GM

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WindsorBrokers
    26-Nov-2010 18:31  
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EUR/USD

Fresh weakness under previous low at 1.3383 probes through trendline support, connecting 1.1875/1.2643 low. Break here will focus 61.8% retracement of 1.2586/1.4280 at 1.3234 and key 200 days MA, currently at 1.3131. Overextended hourly conditions suggest correction, with 1.3386 expected to cap.

Res: 1.3283, 1.3360, 1.3386, 1.3420
Sup: 1.3185, 1.3133, 1.3160, 1.3131

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20101126100229.gif


GBP/USD

Extends decline from 1.6093/83 lower tops, testing 1.5677, 61.8% of 1.5295/1.6297 upleg, with break here to focus key short term support at 1.5649. Potential corrective attempts are seen limited by 1.59 zone.

Res: 1.5793, 1.5836, 1.5873, 1.5900
Sup: 1.5649, 1.5602, 1.5536, 1.5500

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20101126100204.gif

 

USD/JPY

Maintains positive tone from 80.24, yearly low, with the latest strength off 82.72 higher low, breaking through 83.83, range ceiling and opening way for further gains towards 84.35 next. Immediate support lies at 83.51/18, while only loss of 82.72 would weaken the structure.

Res: 83.97, 84.35, 84.58, 85.35
Sup: 83.51, 83.33, 83.18, 82.92

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20101126100138.gif

 

USD/CHF

The latest strength from 0.9847/96 cleared 1.0000, consolidative range upper limit, to open way for fresh gains towards 1.0044, 50% of 1.0638/0.9461 downleg initially, with possible extension to 1.0183, 61.8%, on a break. Downside, 0.9982/72 offers immediate support, while loss of 0.9847 delays.

 
Res: 1.0044, 1.0075, 1.0116, 1.0183
Sup: 0.9972, 0.9942, 0.9930, 0.9896

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20101126100057.gif
 
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