{"id":12414,"date":"2010-08-26T08:55:00","date_gmt":"2010-08-26T12:55:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=12414"},"modified":"2010-08-26T08:55:00","modified_gmt":"2010-08-26T12:55:00","slug":"short-term-technical-analysis-for-majors-0730-gmt","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/08\/26\/short-term-technical-analysis-for-majors-0730-gmt\/","title":{"rendered":"Short Term Technical Analysis for Majors (07:30 GMT)"},"content":{"rendered":"<p><strong>EUR\/USD<\/strong><\/p>\n<p>Correction off 1.2586, 24 Aug fresh low, has tripped 1.2725 resistance today, reaching 1.2744. Near term outlook, however, remains negative, with scope for break below 1.2608\/1.2586 to test 1.2522. Upside, 1.2770 caps for now, and possible break here to attract 1.2831, 20 Aug high.<\/p>\n<p>Res: 1.2770, 1.2831, 1.2880, 1.2903<\/p>\n<p>Sup: 1.2649, 1.2608, 1.2586, 1.2522<\/p>\n<p><a href=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/eurusd_20100826072926.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/eurusd_20100826072926.gif\" alt=\"\" width=\"300\" height=\"350\" \/><\/a><\/p>\n<p><strong>GBP\/USD<\/strong><\/p>\n<p>Attempts to complete a third phase higher in a corrective structure from 1.5371, 24 Aug low. Earlier daily false break higher out of a rising channel dominates for an eventual return to weakness. Only regain of 1.5670\/1.5700 zone would return to strength.<\/p>\n<p>Res: 1.5617, 1.5670, 1.5687, 1.5700<\/p>\n<p>Sup: 1.5482, 1.5460, 1.5425, 1.5400<\/p>\n<p><a href=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/gbpusd_20100826072903.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/gbpusd_20100826072903.gif\" alt=\"\" width=\"300\" height=\"350\" \/><\/a><\/p>\n<p><strong>USD\/JPY<\/strong><\/p>\n<p>Completed a multiday bear configuration to extend the underlying downtrend. 83.58 has been reached so far, ahead of the current corrective bounce which should precede a fresh push lower to test key trendline support at 83.25.<\/p>\n<p>Res: 84.87, 85.11, 85.42, 85.68<\/p>\n<p>Sup: 84.50, 84.04, 83.58, 83.25<\/p>\n<p><a href=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/usdjpy_20100826072843.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/usdjpy_20100826072843.gif\" alt=\"\" width=\"300\" height=\"350\" \/><\/a><\/p>\n<p><strong>USD\/CHF<\/strong><\/p>\n<p>Probes lower to breach previous 1.0257 low, following reversal after an upside failure ahead of key 1.0463, 19 Aug lower high. Risk is set at 1.0230, ahead of this year&#8217;s interim low at 1.0130. Immediate resistance now stands at 1.0327\/35.<\/p>\n<p>Res: 1.0327, 1.0335, 1.0380, 1.0400<\/p>\n<p>Sup: 1.0230, 1.0182, 1.0162, 1.0130<\/p>\n<p><a href=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/usdchf_20100826072811.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/usdchf_20100826072811.gif\" alt=\"\" width=\"300\" height=\"350\" \/><\/a><\/p>\n<p><strong>Market Analysis by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.windsorbrokers.com\" target=\"_blank\">www.windsorbrokers.com<\/a><\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD Correction off 1.2586, 24 Aug fresh low, has tripped 1.2725 resistance today, reaching 1.2744. Near term outlook, however, remains negative, with scope for break below 1.2608\/1.2586 to test 1.2522. Upside, 1.2770 caps for now, and possible break here to attract 1.2831, 20 Aug high. Res: 1.2770, 1.2831, 1.2880, 1.2903 Sup: 1.2649, 1.2608, 1.2586, 1.2522 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/08\/26\/short-term-technical-analysis-for-majors-0730-gmt\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Short Term Technical Analysis for Majors (07:30 GMT)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-12414","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=12414"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12414\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=12414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=12414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=12414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}