{"id":13080,"date":"2010-09-16T07:50:32","date_gmt":"2010-09-16T11:50:32","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=13080"},"modified":"2010-09-16T07:50:32","modified_gmt":"2010-09-16T11:50:32","slug":"short-term-technical-analysis-for-majors-0820-gmt-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/09\/16\/short-term-technical-analysis-for-majors-0820-gmt-2\/","title":{"rendered":"Short Term Technical Analysis for Majors (08:20 GMT)"},"content":{"rendered":"<p><strong>EUR\/USD<\/strong><\/p>\n<p>Remains in a consolidative mode, following strong rally from 1.2643. Clearance of the key 1.2920\/31 resistance area, reached 1.3035, just under the objective at 1.3045, 61.8% retracement of 1.3332\/1.2586 downleg. Break here will open 1.3074\/1.3128 next, while reversal under 1.2955\/20 would delay.<\/p>\n<p>Res: 1.3035, 1.3045, 1.3074, 1.3128<br \/>\nSup: 1.2955, 1.2920, 1.2875, 1.2828<\/p>\n<p><strong>GBP\/USD<\/strong><\/p>\n<p>The latest price action has seen a test of 50% of the 1.5996\/1.5296 fall, at 1.5648. While 1.5480\/47 holds, the recovery remains intact for potential further gains. An eventual lower high is sought for a resumption of the downtrend.<\/p>\n<p>Res: 1.5650, 1.5672, 1.5689, 1.5703<br \/>\nSup: 1.5575, 1.5510, 1.5480, 1.5447<\/p>\n<p><strong>USD\/JPY<\/strong><\/p>\n<p><strong> <\/strong><\/p>\n<p>Yesterday\u2019s lower rejection at 82.86, fresh yearly low, has triggered strong rally to reach 85.76, near 85.91, 19\/30 Aug highs. Hourly studies remain supportive for further upside, and above 85.76\/91 to open 86.40 next, though, overbought conditions warn of correction preceding up move. Downside, 85.00\/84.72 underpins the advance.<\/p>\n<p>Res: 85.91, 86.40, 86.89, 86.99<br \/>\nSup: 85.00, 84.72, 84.47, 84.00<\/p>\n<p><strong> <\/strong><\/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: 1.0047, 1.0061, 1.0088, 1.0097<br \/>\nSup: 0.9965, 0.9932, 0.9916, 0.9900<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD Remains in a consolidative mode, following strong rally from 1.2643. Clearance of the key 1.2920\/31 resistance area, reached 1.3035, just under the objective at 1.3045, 61.8% retracement of 1.3332\/1.2586 downleg. Break here will open 1.3074\/1.3128 next, while reversal under 1.2955\/20 would delay. Res: 1.3035, 1.3045, 1.3074, 1.3128 Sup: 1.2955, 1.2920, 1.2875, 1.2828 GBP\/USD The &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/09\/16\/short-term-technical-analysis-for-majors-0820-gmt-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Short Term Technical Analysis for Majors (08:20 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-13080","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13080","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=13080"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13080\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=13080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=13080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=13080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}