- Joined
- Aug 24, 2010
- Messages
- 70
- Reaction score
- 0
EUR/USD
Extends decline from 1.3784 lower high, breaking through 200 day MA at 1.3131 and 76.4% retracement of 1.2586/1.4280 ascend at 1.2987. The latest probe through the descending channel support at 1.3031 and break of 1.30 psychological support, brings 1.2633/1.2586 into focus. Oversold conditions suggest a bounce, with 1.3150 capping for now.
Res: 1.3060, 1.3150, 1.3181, 1.3200
Sup: 1.2920., 1.2828, 1.2761, 1.2633
GBP/USD
Accelerated losses after loss of 1.5649 previous low, with break below 200 day MA at 1.5581, now looking for test of main trendline support, drawn off 1.4230. Possible recovery above here is seen corrective, with 1.5649 limiting the upside, while break below key support at 1.5295 would weaken the structure.
Res: 1.5576, 1.5598, 1.5649, 1.5705
Sup: 1.5500, 1.5475, 1.5448, 1.5344
USD/JPY
Rejection at 84.39, fresh high, has seen a sharp reversal that probes below 83.81/75 former low/38.2% of 82.70/84.39 ascend, with 83.70 seen so far, just ahead of next support at 83.64. Sustained break lower would signal further correction towards 83.55/36 initially, break of which would open 82.70 for retest. Early downside rejection may, however, turn focus back to 84.39.
Res: 84.10, 84.39, 84.58, 85.35
Sup: 83.64, 83.55, 83.36, 83.18
USD/CHF
The latest strength from 0.9847/96 cleared 1.0000, to exceed the target at 1.0044, 50% of 1.0638/0.9461 downleg, with subsequent reversal expected to hold above 0.9896, to keep immediate bulls in play. Otherwise, fresh corrective phase may be the likely scenario, with 0.9847 seen next. Above 1.0052, however, to focus 1.0116.
Res: 1.0021, 1.0044, 1.0075, 1.0116
Sup: 0.9896, 0.9875, 0.9847, 0.9795
Extends decline from 1.3784 lower high, breaking through 200 day MA at 1.3131 and 76.4% retracement of 1.2586/1.4280 ascend at 1.2987. The latest probe through the descending channel support at 1.3031 and break of 1.30 psychological support, brings 1.2633/1.2586 into focus. Oversold conditions suggest a bounce, with 1.3150 capping for now.
Res: 1.3060, 1.3150, 1.3181, 1.3200
Sup: 1.2920., 1.2828, 1.2761, 1.2633
GBP/USD
Accelerated losses after loss of 1.5649 previous low, with break below 200 day MA at 1.5581, now looking for test of main trendline support, drawn off 1.4230. Possible recovery above here is seen corrective, with 1.5649 limiting the upside, while break below key support at 1.5295 would weaken the structure.
Res: 1.5576, 1.5598, 1.5649, 1.5705
Sup: 1.5500, 1.5475, 1.5448, 1.5344
USD/JPY
Rejection at 84.39, fresh high, has seen a sharp reversal that probes below 83.81/75 former low/38.2% of 82.70/84.39 ascend, with 83.70 seen so far, just ahead of next support at 83.64. Sustained break lower would signal further correction towards 83.55/36 initially, break of which would open 82.70 for retest. Early downside rejection may, however, turn focus back to 84.39.
Res: 84.10, 84.39, 84.58, 85.35
Sup: 83.64, 83.55, 83.36, 83.18
USD/CHF
The latest strength from 0.9847/96 cleared 1.0000, to exceed the target at 1.0044, 50% of 1.0638/0.9461 downleg, with subsequent reversal expected to hold above 0.9896, to keep immediate bulls in play. Otherwise, fresh corrective phase may be the likely scenario, with 0.9847 seen next. Above 1.0052, however, to focus 1.0116.
Res: 1.0021, 1.0044, 1.0075, 1.0116
Sup: 0.9896, 0.9875, 0.9847, 0.9795
