{"id":12951,"date":"2010-09-13T08:07:54","date_gmt":"2010-09-13T12:07:54","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=12951"},"modified":"2010-09-13T08:07:54","modified_gmt":"2010-09-13T12:07:54","slug":"short-term-technical-analysis-for-majors-0830-gmt","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/09\/13\/short-term-technical-analysis-for-majors-0830-gmt\/","title":{"rendered":"Short Term Technical Analysis for Majors (08:30 GMT)"},"content":{"rendered":"<p><strong>EUR\/USD <\/strong><\/p>\n<p>Broke above 1.2765\/75, the recent consolidation ceiling and 1.2815, trendline resistance, to extend recovery and focus 1.2920\/31, key near-term resistance zone. Clear break here is needed to confirm a higher low at 1.2586 and resume short- term uptrend from 1.1875. Otherwise, lower top under 1.2931 and fresh attempt at 1.2625\/1.2586 would be the likely scenario.<\/p>\n<p>Res: 1.2865, 1.2875, 1.2920, 1.2931<br \/>\nSup: 1.2775, 1.2765, 1.2745, 1.2701<\/p>\n<p><a href=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/eurusd_20100913082959.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/eurusd_20100913082959.gif\" alt=\"\" width=\"300\" height=\"350\" \/><\/a><\/p>\n<p><strong>GBP\/USD<\/strong><\/p>\n<p>Maintains positive near-term structure off 1.5295, 07 Sep low, with market currently attempting through 1.5477\/90 resistance zone, en-route to 1.5532, key near-term resistance. Break here is required to resume recovery and expose 1.5596\/1.5617, 26\/23 Aug highs. Failure under 1.5532, however, risks lower top and fresh weakness, and below 1.5343 to open 1.5295 for retest.<\/p>\n<p>Res: 1.5492, 1.5532, 1.5596, 1.5617<br \/>\nSup: 1.5402, 1.5375, 1.5343, 1.5295<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/gbpusd_20100913082939.gif\" alt=\"\" width=\"300\" height=\"350\" \/><\/p>\n<p><strong>USD\/JPY <\/strong><\/p>\n<p>Recovery off 83.33, year-to-day low, seeks a lower top, likely under 84.47\/62, for the next leg lower to 83.33\/82.98. Above 84.50\/65, delays bears for further recovery 84.95\/85.21. However, underlying trend remains firmly negative.<\/p>\n<p>Res: 84.47, 84.62, 84.82, 85.00<br \/>\nSup: 83.79, 83.51, 83.33, 82.98<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/usdjpy_20100913082913.gif\" alt=\"\" width=\"300\" height=\"350\" \/><\/p>\n<p><strong>USD\/CHF <\/strong><\/p>\n<p>Last Friday\u2019s rejection at 1.0276, just below 38.2% retracement of 1.0625\/1.0063 downleg, confirmed the underlying bear structure. Market looks for a final push through 1.0060 support, to open way for fresh bear phase, with 0.9980\/60 seen first. Upside, regain of 1.0236\/76 is needed to easy the immediate bear pressure.<\/p>\n<p>Res: 1.0205, 1.0237, 1.0276, 1.0310<br \/>\nSup: 1.0099, 1.0059, 1.0027, 0.9980<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/usdchf_20100913082843.gif\" alt=\"\" width=\"300\" height=\"350\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD Broke above 1.2765\/75, the recent consolidation ceiling and 1.2815, trendline resistance, to extend recovery and focus 1.2920\/31, key near-term resistance zone. Clear break here is needed to confirm a higher low at 1.2586 and resume short- term uptrend from 1.1875. Otherwise, lower top under 1.2931 and fresh attempt at 1.2625\/1.2586 would be the likely &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/09\/13\/short-term-technical-analysis-for-majors-0830-gmt\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Short Term Technical Analysis for Majors (08:30 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-12951","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12951","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=12951"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12951\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=12951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=12951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=12951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}