EUR/USD
Reversal off 1.2468, 21 June high found good support at 1.2208, with fresh strength underway. Yesterday’s clearance of 1.2353 resistance, with positive daily/hourly studies, keeps scope for renewed attempt at 1.2468, break of which to open 1.2525/54 next. Immediate support stands at 1.2305/1.2295, while loss of 1.2208 renews near-term bears.
Res: 1.2386, 1.2398, 1.2415, 1.2468
Sup: 1.2305, 1.2295, 1.2259, 1.2243
GBP/USD
Continues to channel higher, with the latest push off 1.4686, 22 June higher low, breaking through 1.4935/41 resistance zone, to post fresh high at 1.5012. Scope is now seen for test of 1.5030, 61.8% retracement of 1.5523/1.4230 decline; 1.5044/52, 12/10 May highs and final attempt at 1.5060, upper channel boundary. Channel support stands at 1.4760.
Res: 1.5012, 1.5030, 1.5044, 1.5052
Sup: 1.4849, 1.4813, 1.4801, 1.4784
USD/JPY
Continues to trend lower off 92.87, 04 June high, with scope now seen for full retracement towards 88.95 swing low. A suspected 5-wave hourly structure from 91.47, 21 Jun lower high nears completion along with diverging studies. Only regain of 89.97 high to firm the tone.
Res: 89.97, 90.32, 90.59, 90.78
Sup: 89.40, 89.21, 88.95, 88.14
USD/CHF
Highlights possible 4-day bear flag breakout, while attempting through 1.0995, 21 June previous weekly low, with scope seen for further corrective decline towards 1.0924 10 May low/ near 61.8% retracement of 1.0435/1.1730 upleg.. Above 1.1138/50 will signal base breakout.
Res: 1.1065, 1.1100, 1.1136, 1.1154
Sup: 1.0982, 1.0924, 1.0890, 1.0841
Please visit our sponsors
Results 1 to 1 of 1
-
25-06-2010, 09:17 AM #1
Short Term Technical Analysis for Majors (08:00 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.