{"id":13001,"date":"2010-09-14T08:38:11","date_gmt":"2010-09-14T12:38:11","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=13001"},"modified":"2010-09-14T08:38:11","modified_gmt":"2010-09-14T12:38:11","slug":"short-term-technical-analysis-for-majors-0800-gmt-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/09\/14\/short-term-technical-analysis-for-majors-0800-gmt-2\/","title":{"rendered":"Short Term Technical Analysis for Majors (08:00 GMT)"},"content":{"rendered":"<p><strong>EUR\/USD<\/strong><\/p>\n<p>Extends recovery off 1.2643 higher low, to attempt at 1.2920, the upper boundary of the recent 1.2624\/1.2920 range. Break higher is required to resume the near-term recovery and focus 1.2960\/1.3049, Fibonacci levels, otherwise, the recent structure remains negative for test of 1.2643\/24.<\/p>\n<p>Res: 1.2920, 1.2931, 1.2960, 1.3000<\/p>\n<p>Sup: 1.2843, 1.2823, 1.2792, 1.2775<\/p>\n<p><a href=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/eurusd_20100914080141.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/eurusd_20100914080141.gif\" alt=\"\" width=\"300\" height=\"350\" \/><\/a><\/p>\n<p><strong>GBP\/USD<\/strong><\/p>\n<p>Continues to trade within an hourly falling channel, with scope set for retest of channel support, currently near 1.5250. Multi-week structure also suggests the end of a complex corrective phase off 1.3500. Regain of 1.5486, however, would ease bear pressure.<\/p>\n<p>Res: 1.5464, 1.5492, 1.5532, 1.5596<\/p>\n<p>Sup: 1.5343, 1.5295, 1.5250, 1.5235<\/p>\n<p><a href=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/gbpusd_20100914080113.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/gbpusd_20100914080113.gif\" alt=\"\" width=\"300\" height=\"350\" \/><\/a><\/p>\n<p><strong>USD\/JPY<\/strong><\/p>\n<p>Corrective phase off 83.33 stalled at 84.37 yesterday, with reversal followed. Channel loss triggered a drop to breach 83.25, trendline drawn off 83.58, 24 Aug low. This now opens 81.88, May 1995 low short-term, with initial targets at 82.98\/30. Upside, 83.73\/83 now caps while 84.37 becomes key near-term resistance.<\/p>\n<p>Res: 83.83, 84.17, 84.47, 84.62<\/p>\n<p>Sup: 82.98, 82.30, 81.88, 81.50<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/usdjpy_20100914075833.gif\" alt=\"\" width=\"300\" height=\"350\" \/><\/p>\n<p><strong>USD\/CHF<\/strong><\/p>\n<p>Rejection at 1.0276, near 38.2% of 1.0630\/1.0060 decline, confirmed the underlying bear structure. Loss of critical support at 1.0065\/60, multi year bear continuation pivot, would project a significant weakness longer-term, with 0.9916 seen first. Upside, 1.0071 caps for now.<\/p>\n<p>Res: 1.0071, 1.0097, 1.0132, 1.0170<\/p>\n<p>Sup: 0.9980, 0.9960, 0.9949, 0.9916<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/usdchf_20100914075728.gif\" alt=\"\" width=\"300\" height=\"350\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD Extends recovery off 1.2643 higher low, to attempt at 1.2920, the upper boundary of the recent 1.2624\/1.2920 range. Break higher is required to resume the near-term recovery and focus 1.2960\/1.3049, Fibonacci levels, otherwise, the recent structure remains negative for test of 1.2643\/24. Res: 1.2920, 1.2931, 1.2960, 1.3000 Sup: 1.2843, 1.2823, 1.2792, 1.2775 GBP\/USD Continues &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/09\/14\/short-term-technical-analysis-for-majors-0800-gmt-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Short Term Technical Analysis for Majors (08:00 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-13001","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13001","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=13001"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13001\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=13001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=13001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=13001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}