{"id":13337,"date":"2010-09-27T08:09:42","date_gmt":"2010-09-27T12:09:42","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=13337"},"modified":"2010-09-27T08:09:42","modified_gmt":"2010-09-27T12:09:42","slug":"short-term-technical-analysis-for-majors-0800-gmt-4","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/09\/27\/short-term-technical-analysis-for-majors-0800-gmt-4\/","title":{"rendered":"Short Term Technical Analysis for Majors (08:00 GMT)"},"content":{"rendered":"<p><strong>EUR\/USD<\/strong><\/p>\n<p>Maintains positive structure after completing an hourly bull flag and breaking above 1.3438, 22 Sep previous high. Market has so far reached 1.3493, just under 1.3510 target, 50% of 1.5144\/1.1875. Clearance of the latter to expose 1.3523\/85 zone next. Downside, 1.3402\/1.3368 supports, while loss of 1.3285 would delay.<\/p>\n<p>Res: 1.3494, 1.3510, 1.3523, 1.3586<br \/>\nSup: 1.3435, 1.3402, 1.3368, 1.3304<\/p>\n<p><strong>GBP\/USD<\/strong><\/p>\n<p>Broke higher on Friday to test 76.4% retracement of 1.5997\/1.5285 downleg. Sustained break here will open 1.5860 first, with possible retest of 1.5997, 06\/09 Aug highs, not ruled out. Initial support lies at 1.5740\/28, while break below 1.57 zone delays.<\/p>\n<p>Res: 1.5842, 1.5860, 1.5910, 1.5997<br \/>\nSup: 1.5805, 1.5771, 1.5740, 1.5728<\/p>\n<p><strong>USD\/JPY<\/strong><\/p>\n<p><strong> <\/strong><\/p>\n<p>Maintains negative near-term tone off 85.92, with renewed attempt higher failure leaving a lower high at 85.38. Break below 84.10\/03, 24 Sep low\/61.8% retracement of 82.86\/85.92 upleg, is needed to trigger fresh weakness and open way for possible retest of 82.86. Upside, 85.38 caps for now and only break here to firm the near-term tone.<\/p>\n<p>Res: 84.75, 84.90, 85.21, 85.38<br \/>\nSup: 84.10, 84.03, 83.75, 83.60<\/p>\n<p><strong>USD\/CHF<\/strong><\/p>\n<p>Continues to trend lower, following reversal off 1.0181. Break below 0.9916, 2009 low, and 0.9803, 23 Sep previous low, has so far reached 0.9777, looking for test of all-time low of 0.9630, near-term. Upside, 0.9880\/98 caps for now.<\/p>\n<p>Res: 0.9880, 0.9898, 0.9931, 0.9980<br \/>\nSup: 0.9809, 0.9777, 0.9700, 0.9630<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD Maintains positive structure after completing an hourly bull flag and breaking above 1.3438, 22 Sep previous high. Market has so far reached 1.3493, just under 1.3510 target, 50% of 1.5144\/1.1875. Clearance of the latter to expose 1.3523\/85 zone next. Downside, 1.3402\/1.3368 supports, while loss of 1.3285 would delay. Res: 1.3494, 1.3510, 1.3523, 1.3586 Sup: &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/09\/27\/short-term-technical-analysis-for-majors-0800-gmt-4\/\" 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-13337","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13337","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=13337"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13337\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=13337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=13337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=13337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}