{"id":13055,"date":"2010-09-15T06:59:01","date_gmt":"2010-09-15T10:59:01","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=13055"},"modified":"2010-09-15T06:59:01","modified_gmt":"2010-09-15T10:59:01","slug":"short-term-technical-analysis-for-majors-0750-gmt","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/09\/15\/short-term-technical-analysis-for-majors-0750-gmt\/","title":{"rendered":"Short Term Technical Analysis for Majors (07:50 GMT)"},"content":{"rendered":"<p><strong>EUR\/USD<\/strong><\/p>\n<p>Break above key 1.2920\/31 resistance area completes a four week base, targeting 1.3045, 61.8% retracement of 1.3332\/1.2586 downleg, with 1.3032 seen so far. Break above 1.3045 will open 1.3074\/1.3128. Downside, 1.2920 offers initial support, while loss of 1.2828 sidelines near-term bulls.<\/p>\n<p>Res: 1.3032, 1.3045, 1.3074, 1.3128<\/p>\n<p>Sup: 1.2955, 1.2920, 1.2875, 1.2828<\/p>\n<p><a href=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/eurusd_20100915074857.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/eurusd_20100915074857.gif\" alt=\"\" width=\"300\" height=\"350\" \/><\/a><\/p>\n<p><strong>GBP\/USD<\/strong><\/p>\n<p>Extends recovery from 1.5346, yesterday\u2019s higher low, to test 1.5565, 38.2% retracement of the 1.5997\/1.5295 fall. Further gains will target 1.5596\/1.5617, possibly 1.5645, 50% retracement. Only sustained break below 1.5470\/45 weakens the structure.<\/p>\n<p>Res: 1.5554, 1.5596, 1.5617, 1.5645<\/p>\n<p>Sup: 1.5448, 1.5385, 1.5343, 1.5295<\/p>\n<p>http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/gbpusd_20100915074835.gif<\/p>\n<p><strong>USD\/JPY<\/strong><\/p>\n<p>Hit a fresh yearly low at 82.86 today, before surging higher in correction. Market is currently attempting at 85.21, key near-term resistance, break of which would delay bears in favor of stronger correction, initially towards 85.92\/86.39. Failure to break above 85.21, however, would risk a lower top and continuation of the underlying negative trend.<\/p>\n<p>Res: 83.83, 84.17, 84.47, 84.62<\/p>\n<p>Sup: 84.72, 84.47, 84.00, 83.75<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/usdjpy_20100915074641.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 0.9932 seen so far, just above target at 0.9916, 2009 low. Upside, 1.0050\/61 caps for now.<\/p>\n<p>Res: 1.0054, 1.0061, 1.0088, 1.0097<\/p>\n<p>Sup: 0.9932, 0.9916, 0.9900, 0.9870<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/mediaserver.fxstreet.com\/Reports\/325f5b3f-7a7d-4768-8193-afec3573778f\/usdchf_20100915074554.gif\" alt=\"\" width=\"300\" height=\"350\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD Break above key 1.2920\/31 resistance area completes a four week base, targeting 1.3045, 61.8% retracement of 1.3332\/1.2586 downleg, with 1.3032 seen so far. Break above 1.3045 will open 1.3074\/1.3128. Downside, 1.2920 offers initial support, while loss of 1.2828 sidelines near-term bulls. Res: 1.3032, 1.3045, 1.3074, 1.3128 Sup: 1.2955, 1.2920, 1.2875, 1.2828 GBP\/USD Extends recovery &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/09\/15\/short-term-technical-analysis-for-majors-0750-gmt\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Short Term Technical Analysis for Majors (07:50 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-13055","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13055","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=13055"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13055\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=13055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=13055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=13055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}