{"id":13111,"date":"2010-09-17T07:52:38","date_gmt":"2010-09-17T11:52:38","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=13111"},"modified":"2010-09-17T07:52:38","modified_gmt":"2010-09-17T11:52:38","slug":"short-term-technical-analysis-for-majors-0810-gmt","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/09\/17\/short-term-technical-analysis-for-majors-0810-gmt\/","title":{"rendered":"Short Term Technical Analysis for Majors (08:10 GMT)"},"content":{"rendered":"<p><strong>EUR\/USD<\/strong><\/p>\n<p>Extends recovery from 1.2643 higher low, clearing key 1.2931 and 1.3045 resistances, to approach 1.3158, 76.4% retracement of 1.3332\/1.2586. Break here to open 1.3227 next, with full retracement at 1.3332 not ruled out. Downside, 1.3047\/35 zone offers initial support.<\/p>\n<p>Res: 1.3158, 1.3186, 1.3227, 1.3260<br \/>\nSup: 1.3047, 1.3035, 1.3010, 1.2975<\/p>\n<p><strong>GBP\/USD<\/strong><\/p>\n<p>Continues to trend higher, clearing the first barrier at 1.5700, en route to 1.5728, 61.8% retracement of 1.5997\/1.5295 decline. This may offer a stronger resistance, together with overbought hourly conditions, to trigger a correction before continuing the uptrend. Downside, 1.5650 offers initial support, while below 1.5535 risks deeper pullback<\/p>\n<p>Res: 1.5728, 1.5760, 1.5820, 1.5865<br \/>\nSup: 1.5650, 1.5595, 1.5575, 1.5535<\/p>\n<p><strong>USD\/JPY<\/strong><\/p>\n<p><strong> <\/strong><\/p>\n<p>Extends rally following the downside rejection at 82.86, with clearance of 85.91 to focus 86.40, 13 Aug high, and 86.67, 38.2% of 92.10\/82.86 descend. Correction lower should be contained by yesterday\u2019s higher platform at 85.21, to keep immediate bulls in play.<\/p>\n<p>Res: 85.91, 86.40, 86.89, 86.99<br \/>\nSup: 85.50, 85.21, \u00a085.00, 84.72<\/p>\n<p><strong> <\/strong><\/p>\n<p><strong>USD\/CHF<\/strong><\/p>\n<p>Soared through 1.0050\/61 resistance yesterday, to extend corrective phase off 0.9931. A lower top is anticipated near 1.0197, 76.4% retracement \/ trendline drawn off 1.0625, 12 Aug high, for a return to 0.9997\/31. Break above 1.0276, 10 Sep high, needed to trigger a stronger recovery.<\/p>\n<p>Res: 1.0197, 1.0210, 1.0240, 1.0276<br \/>\nSup: 1.0137, 1.0110, 1.0060, 1.0050<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD Extends recovery from 1.2643 higher low, clearing key 1.2931 and 1.3045 resistances, to approach 1.3158, 76.4% retracement of 1.3332\/1.2586. Break here to open 1.3227 next, with full retracement at 1.3332 not ruled out. Downside, 1.3047\/35 zone offers initial support. Res: 1.3158, 1.3186, 1.3227, 1.3260 Sup: 1.3047, 1.3035, 1.3010, 1.2975 GBP\/USD Continues to trend higher, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/09\/17\/short-term-technical-analysis-for-majors-0810-gmt\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Short Term Technical Analysis for Majors (08:10 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-13111","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13111","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=13111"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13111\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=13111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=13111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=13111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}