EUR/USD
Extends recovery after finding good support at 1.4100, trendline connecting 1.3968 and 1.4073 low, with regain of 1.4300 barrier improving the near-term outlook. Pullback from 1.4328, overnight’s fresh high, on overbought hourly conditions, is seen corrective while 1.4230, 20 day MA holds, with fresh gains expected to attack trendline resistance at 1.4350, to open way towards 1.4400/38. On the downside, loss of 1.4230/00 would bring bears back in play.
Res: 1.4319, 1.4338, 1.4350, 1.4400
Sup: 1.4253, 1.4230, 1.4200, 1.4167
GBP/USD
Remains at the back foot after yesterday’s recovery attempt from fresh 5 month low at 1.5912, failed to clear 1.6000 barrier. Subsequent weakness is now looking for retest of 1.5912, as the pair is losing momentum and below the latter to focus 1.5880, Fib 61.8% of 1.5343/1.6745 ascend and bear channel floor at 1.5845, below which would turn broader structure bearish and open 1.5750 next. Regain of 1.6010/45 is required to ease immediate bear pressure
Res: 1.6000, 1.6010, 1.6045, 1.6077
Sup: 1.5924, 1.5912, 1.5900, 1.5880
USD/JPY
Near-term positive tone from 80.00 support remains in play as the pair is approaching initial barrier at 81.05, 15 June high. Break here is required to signal near-term base and open way for test of next key levels at 81.76 and 82.20, along with dynamic resistances at 81.16/60 and 82.20, daily 55; 90; 200 day MA’s. Current consolidation under 81.05 needs to hold above 80.60 zone, yesterday’s intraday low / 20 day MA, to maintain near-term bulls.
Res: 81.05, 81.31, 81.76, 82.20
Sup: 80.71, 80.60, 80.48, 80.29
USD/CHF
Near-term price action sees directionless trade within narrow range, just above yesterday’s fresh record low at 0.8316. Overall outlook remains bearish, as daily studies are losing momentum after initial signals of fresh recovery. Break below 0.8316 opens 0.8300 next, ahead of Fibonacci expansion levels at 0.8285 and 0.8200. Upside remains capped at 0.8400/36 zone and only break above the latter would provide near-term relief.
Res: 0.8393, 0.8400, 0.8436, 0.8450
Sup: 0.8336, 0.8316, 0.8300, 0.8285
Please visit our sponsors
Results 1 to 1 of 1
-
28-06-2011, 08:31 AM #1
Short Term Technical Analysis for Majors (07:00 GMT)
-
Sponsored Links
-
Sponsored Links
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
24 Hour Gold
Advertising
- Over 20.000 UNIQUE Daily!
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.