WindsorBrokers

EUR/USD

Fresh weakness emerged after yesterday’s break through 1.3656/39 key support, extending losses to 1.3586 thus far. This opens way for test of 1.3543/29, 10/05 Mar low and possible attempt at 1.3433 range low. Upside, for now, remains capped by 1.3694 and only clear break here to improve the tone and turn focus to 1.3815.

Res: 1.3645, 1.3694, 1.3727, 1.3739

Sup: 1.3586, 1.3575, 1.3543, 1.3529

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20100319090341.gif

GBP/USD

Extended correction off 1.4780 to reach 1.5380 on 17 Mar, retracing between 50% and 61.8% of 1.5814/1.4780 downleg, ahead of the latest reversal. Hourly studies now favor further weakness, after loss of1.5217/06 support zone. Next targets seen at 1.5087/55, ahead of key 1.4976, 16 Mar higher low. Only regain of 1.5250/80 area to delay.

Res: 1.5255, 1.5278, 1.5305, 1.5327

Sup: 1.5162, 1.5087, 1.5055, 1.4976

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20100319090403.gif

USD/JPY

Remains constructive off 88.13, yearly low, posted on 04 Mar. Yesterday’s dip under 89.98 support left a lower rejection at 89.74, just above key 89.62, 09 Mar low. This confirms a positive bias for test 91.08, range ceiling, also trendline resistance. Potential break here to open 92.13, 19 Feb high, near-term.

Res: 90.85, 91.08, 91.22, 91.35

Sup: 90.05, 89.75, 89.62, 89.45

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20100319090442.gif

USD/CHF

Corrective rally off 1.0505, 17 Mar low/near 50% retracement 1.0129/1.0897 upleg, stalled at 1.0648, just shy of 1.0656, 50% retracement of 1.0808/1.0507 decline. The near-term structure remains negative, and break below 1.0532 to open for 1.0483/47 next.

Res: 1.0621, 1.0645, 1.0656, 1.0676

Sup: 1.0532, 1.0505, 1.0497, 1.0481

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20100319090512.gif

EUR/USD

Rally off 1.3639/56, 15/16 Mar low, stalled at 1.3816 yesterday, ahead of reversal. Loss of 1.3656/39 supports opens 1.3620/1.3530, to possibly continue broader downtrend. Only regain of 1.3727 would avert immediate bears.

Res: 1.3727, 1.3739, 1.3780, 1.3798

Sup: 1.3639, 1.3620, 1.3595, 1.3575

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20100318141925.gif

GBP/USD

Positive short-term structure off yesterday’s 1.5207 higher low starts to fade after break under 1.5268/58 supports, with loss of 1.5207 to way for deeper correction. However, regain of minimum 1.5316/30 is needed to re-focus 1.5367/80.

Res: 1.5330, 1.5367, 1.5380, 1.5417

Sup: 1.5354, 1.5239, 1.5217, 1.5207

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20100318142010.gif

USD/JPY

Continues to further retrace the recent 88.13/91.08 upleg, with today’s break below 89.98, near-term range, now focusing 89.62, 09 Mar low/50% retracement, where a higher low would mark fresh attempt towards 91.08/22.

Res: 90.85, 91.08, 91.22, 91.35

Sup: 89.62, 89.45, 89.26, 88.96

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20100318142053.gif

USD/CHF

Probed the 1.0523/1.0497 support zone, to reach 1.0505, ahead of bounce. This is seen corrective while 1.0641/48 caps, with further drop reaffirming recent 3-legged corrective swings off 0.9916 to open 1.0424/1.0368 zone next. Break above 1.0641/48 hints renewed strength.

Res: 1.0621, 1.0641, 1.0676, 1.0697

Sup: 1.0505, 1.0497, 1.0481, 1.0476

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20100318142138.gif

EUR/USD

Continues to trend higher off 1.3433, yearly low, posted on 02 Mar. The latest upleg from 1.3639/56 higher lows, now attempting through 1.3798, range ceiling, with clear break there to expose 1.3838/50 next. 1.3715 offers initial support, while 1.3656 expected contain corrective dips.

Res: 1.3816, 1.3838, 1.3850, 1.3883

Sup: 1.3715, 1.3700, 1.3681, 1.3656

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20100317141802.gif

GBP/USD

Extended recovery off 1.4780 low, clearing 1.5217/58 previous highs, and key 1.5345 resistance, to reach 1.5380 thus far. This now opens prospect for further recovery, opening initially 1.5417, 61.8% retracement of 1.5814/1.4780 decline, ahead of 1.5475, 24 Feb high. 1.5207/1.5194 offers initial support.

Res: 1.5380, 1.5417, 1.5475, 1.5520

Sup: 1.5258, 1.5207, 1.5194, 1.5174

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20100317141842.gif

USD/JPY

Rallied from 88.13, 04 Mar low, to reach 91.08 high on 12 Mar, before yesterday’s reversal to 89.98, just above 38.2% retracement of 88.13/91.08 upleg. Short-term ranging would possibly set up a fresh push towards 91.22, trendline resistance, with break there to open 92.16. Loss of 89.98, however, weakens and focuses 89.62 instead.

Res: 90.85, 91.08, 91.22, 91.35

Sup: 89.98, 89.80, 89.62, 89.45

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20100317141921.gif

USD/CHF

Remains in a downtrend from 1.0897, 02 Mar high, currently pressuring 1.0523/1.0497 region, with breach there reaffirming recent 3-legged corrective swings from 0.9916, for an initial 1.0368, 25 Jan low. Regain of 1.0642/48 would hint renewed strength.

Res: 1.0621, 1.0641, 1.0676, 1.0697

Sup: 1.0497, 1.0481, 1.0476, 1.0450

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20100317142004.gif

EUR/USD

Continues to trend higher off 1.3433, yearly low, posted on 02 Mar. The latest upleg from 1.3639/56 higher lows, now attempting through 1.3798, range ceiling, with clear break there to expose 1.3838/50 next. 1.3715 offers initial support, while 1.3656 expected contain corrective dips.

Res: 1.3816, 1.3838, 1.3850, 1.3883

Sup: 1.3715, 1.3700, 1.3681, 1.3656

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20100317085749.gif

GBP/USD

Attempts to complete a three legged correction off 1.4780, 01 Mar yearly low. Today’s break above 1.5217 resistance, now focuses the key 1.5316/45 area, with a lower high favored to form near there.

Res: 1.5293, 1.5316, 1.5345, 1.5385

Sup: 1.5210, 1.5174, 1.5150, 1.5120

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20100317085839.gif

USD/JPY

Rallied from 88.13, 04 Mar low, to reach 91.08 high on 12 Mar, before yesterday’s reversal to 89.98, just above 38.2% retracement of 88.13/91.08 upleg. Short-term ranging would possibly set up a fresh push towards 91.22, trendline resistance, with break there to open 92.16. Loss of 89.98, however, weakens and focuses 89.62 instead.

Res: 90.85, 91.08, 91.22, 91.35

Sup: 89.98, 89.80, 89.62, 89.45

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20100317090000.gif

USD/CHF

Remains in a downtrend from 1.0897, 02 Mar high, currently pressuring 1.0523/1.0497 region, with breach there reaffirming recent 3-legged corrective swings from 0.9916, for an initial 1.0368, 25 Jan low. Regain of 1.0642/48 would hint renewed strength.

Res: 1.0621, 1.0641, 1.0676, 1.0697

Sup: 1.0497, 1.0481, 1.0476, 1.0450

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20100317090042.gif

EUR/USD

Dipped to 1.3639, yesterday, just shy of 1.3620 key support, following an upside rejection at 1.3795 on 12 Mar. Fresh strength is now underway, looking for test of 1.3759/95, while 1.3656, today’s higher low and 1.3739/20 buoy the advance.

Res: 1.3759, 1.3798, 1.3803, 1.3838

Sup: 1.3656, 1.3639, 1.3620, 1.3595

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20100316142015.gif

GBP/USD

Broke under 1.5018, yesterday’s low, to extend losses to 1.4976 today, though failed to gain momentum, with subsequent bounce now reviving potential of break through 1.5217, 12 Mar high and re-expose 1.5316/45 retest.

Res: 1.5170, 1.5208, 1.5218, 1.5262

Sup: 1.5085, 1.5060, 1.5018, 1.4976

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20100316142041.gif

USD/JPY

Extended bull phase off 88.13, 4 Mar low, to stall at 91.08 just below 91.24, trendline resistance. Immediate support was found at 89.98, ahead of rally to 90.72 today, just under 90.85, break of which would open key 91.08/35 resistance area. Current pullback seen corrective while 89.98 holds.

Res: 90.72, 90.85, 91.08, 91.35

Sup: 89.98, 89.80, 89.62, 89.45

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20100316142119.gif

USD/CHF

Last week’s break below key supports has triggered a fresh weakness to reach 1.0575 on 12 Mar. Minor corrective attempt from there left a lower top at 1.0641, with bears breaking through 1.0575 support and now focusing 1.0515, 50% retracement of 1.0129/1.0897 upleg. 1.0621/41 caps for now.

Res: 1.0621, 1.0641, 1.0676, 1.0697

Sup: 1.0567, 1.0541, 1.0515, 1.0497

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20100316142155.gif

EUR/USD

Failed to clearly break above 3-months falling trendline resistance, triggering reversal to 1.3639, just ahead of key 1.3620 support. Break there would increase risk of near-term bear resumption and expose 1.3545/30 area next. Only regain of 1.3703 would firm the tone.

Res: 1.3703, 1.3728, 1.3760, 1.3798

Sup: 1.3639, 1.3620, 1.3595, 1.3545

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20100316085205.gif

GBP/USD

Shorter-term structure has broken below yesterday's 1.5018 low triggering a larger bear continuation pattern and breaching 61.8% of the prior 1.4871/1.5217 ascend. A return back over 1.5150 defers bears.

Res: 1.5085, 1.5150, 1.5194, 1.5208

Sup: 1.4945, 1.4925, 1.4871, 1.4855

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20100316085233.gif

USD/JPY

Extended bull phase off 88.13, 4 Mar low, to stall at 91.08 just below 91.24, trendline resistance. Immediate support was found at 89.98, near 38.2% retracement of 88.13/91.08 ascend. Break above 90.55 would firm for a further gains towards 90.78/91.08, while 89.96/62 underpins.

Res: 90.55, 90.85, 91.08, 91.35

Sup: 89.97, 89.80, 89.62, 89.45

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20100316085309.gif

USD/CHF

Last week’s break below key supports has triggered a fresh weakness to reach 1.0575 so far. Minor corrective attempt from there has so far stalled at 1.0641. Lower top is now sought for fresh extension towards 1.0515, 50% retracement. Upside, 1.0642/76 offers initial resistance.

Res: 1.0646, 1.0676, 1.0697, 1.0729

Sup: 1.0575, 1.0541, 1.0515, 1.0497

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20100316085347.gif

EUR/USD

Extended reversal up-swing off 1.3536, 09 Mar low, to reach 1.3795 high on Friday, ahead of current corrective reversal. This suggests fresh recovery towards 1.3840, 09 Feb high, then 1.3868, 38.2% retracement of 1.4580/1.3433 downleg. 1.3705/1.3678 supports and break there would question recovery strength.

Res: 1.3798, 1.3803, 1.3838, 1.3868

Sup: 1.3705, 1.3678, 1.3654, 1.3620

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20100315093907.gif

GBP/USD

Extended gains off 1.4871 higher low, to reach 1.5217 on Friday. Today’s sharp reversal through 1.5120/1.5087 supports now question further strength and seeks for further weakness through 1.5065, targeting 1.5024/13 next. However, while 1.4945/05 hold, scope exists for fresh push higher.

Res: 1.5120, 1.5155, 1.5194, 1.5217

Sup: 1.5024, 1.5013, 1.4990, 1.4945

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20100315093933.gif

USD/JPY

Remains constructive off 88.13, 04 Mar low, reaching 91.08 high so far. Friday’s lower rejection at 90.16 now underpins for fresh attempt on 91.29, trendline resistance, with break there to open 91.90/92.16. Downside, loss of 90.16 risks a return to 89.62, 09 Mar low.

Res: 91.08, 91.35, 91.90, 92.16

Sup: 90.31.90, 16, 89.80, 89.62

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20100315094010.gif

USD/CHF

Broke below 1.0647, 17 Feb low, to probe below 1.0607, 09 Feb low, extending losses to 1.0575, over 38.2% retracement of 1.0130/1.0897. Further declines seek 1.0515, 50% retracement. Only regain of 1.0697, would delay for 1.0803/08, 09/05 Mar peaks.

Res: 1.0646, 1.0676, 1.0697, 1.0729

Sup: 1.0541, 1.0515, 1.0497, 1.0477

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20100315094044.gif

EUR/USD

Fresh strength has emerged from 1.3620 support, rallying sharply through 1.3735/87 resistance zone, to test 1.3798 range ceiling, ahead of corrective pullback. This now confirms near-term corrective base, for fresh push towards 1.3838, possibly 1.3886 on a break.

Res: 1.3798, 1.3838, 1.3900, 1.3914

Sup: 1.3735, 1.3705, 1.3685, 1.3654

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20100312151237.gif

GBP/USD

Continues to trend higher after finding support at 1.4871 higher low, with the latest strong rally, reaching 1.5171, ahead of key 1.5194, 08 Mar high. Break there will increase possibilities for attempt towards 1.5345, while early rejection risks lower top instead.

Res: 1.5194, 1.5210, 1.5235, 1.5265

Sup: 1.5070, 1.5024, 1.5013, 1.4990

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20100312151314.gif

USD/JPY

Remains constructive off 88.13, 04 Mar low. Consolidation under 90.75/83, 12/10 Mar highs, is forming a likely continuation for an extension higher to test 91.35, falling trendline drawn off 93.75. 90.16 now underpins the advance.

Res: 91.35, 91.90, 92.16, 92.45

Sup: 90.31.90, 16, 89.80, 89.62

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20100312151418.gif

USD/CHF

Broke below 1.0647, 17 Feb low, to probe below 1.0607, 09 Feb low, extending losses to 1.0575, over 38.2% retracement of 1.0130/1.0897. Further declines seek 1.0515, 50% retracement. Only break above 1.0697 today's high, would delay for 1.0803/08, 09/05 Mar peaks.

Res: 1.0646, 1.0676, 1.0697, 1.0729

Sup: 1.0541, 1.0515, 1.0497, 1.0477

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20100312151505.gif

EUR/USD

Fresh strength has emerged from 1.3620 support, clearing 1.3678/1.3703 resistance zone, en-route to 1.3787, possibly to test 1.3798, range upper limit. Break there is required to resume recovery and expose 1.3838, then 1.3886, 09 Feb high / 02 Feb low.

Res: 1.3735, 1.3787, 1.3798, 1.3838

Sup: 1.3678, 1.3654, 1.3620, 1.3595

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20100312092041.gif

GBP/USD

Continues to trend higher after finding support at 1.4871 higher low, with the latest strong rally, now focusing 1.5194, 08 Mar high. Break there will increase possibilities for attempt towards 1.5345, while early rejection risks lower top instead.

Res: 1.5135, 1.5194, 1.5210, 1.5235

Sup: 1.5024, 1.5013, 1.4990, 1.4920

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20100312092106.gif

USD/JPY

Remains constructive off 88.13, 04 Mar low. Consolidation under 90.75/83, 12/10 Mar highs respectively, is forming a likely continuation for an extension higher to test 91.35, falling trendline drawn off 93.75. 90.33/20 supports immediate advance.

Res: 90.73, 90.81, 91.00, 91.30

Sup: 90.31.90, 15, 89.80, 89.62

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20100312092143.gif

USD/CHF

Fresh weakness off 1.0810 lower top have tripped 1.0647/48 lows, highlighting current area top pattern breakout to risk initial 1.0609. Back over 1.0810, however, will suggest current consolidation instead.

Res: 1.0740, 1.0752, 1.0787, 1.0808

Sup: 1.0673, 1.0645, 1.0630, 1.0607

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20100312092224.gif

EUR/USD

Remains in a range trade, with yesterday’s bounce just above 1.3529 support, seeing fresh attempt at 1.3675, trendline resistance. Clear break there would open way towards 1.3703/35 higher levels of the range.

Res: 1.3680, 1.3690, 1.3703, 1.3735

Sup: 1.3620, 1.3595, 1.3575, 1.3543,

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20100311150534.gif

GBP/USD

Extends bounce from 1.4871, yesterday’s higher low, currently probing 1.5014 resistance, ahead of possible attempt at 1.5194, 08 Mar high. Break there is required to resume near-term recovery towards 1.5315/35. Failure under 1.5194, however, risk lower top for fresh weakness, though, while 1.4880/70 holds, near-term tone remains positive.

Res: 1.5068, 1.5112, 1.5167, 1.5205

Sup: 1.4920, 1.4871, 1.4855, 1.4780

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20100311150645.gif

USD/JPY

Recovery phase off 88.13, 04 Mar low, extends from the swing low at 89.63, confirmed by the latest break above 90.67, 08 Mar high to reach 90.81 thus far. Further strength targets 91.30 then 91.90. Only loss of 89.62/45 would pivot market back to test 88.14.

Res: 90.81, 91.00, 91.30, 91.45

Sup: 90.15, 89.80, 89.62, 89.45

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20100311150742.gif

USD/CHF

Upside attempt failed just under 1.0802, reversing back to 1.0680 support zone.Clear break there will expose 1.0645, range low, then 1.0607, 09 Feb low. To avoid immediate downside risk, minimum 1.0808 must me regained. This would open way for further recovery towards 1.0930/1.1020.

Res: 1.0740, 1.0752, 1.0787, 1.0808

Sup: 1.0673, 1.0645, 1.0630, 1.0607

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20100311150823.gif

EUR/USD

Remains in a range trade, with yesterday’s bounce just above 1.3529 support, seeing fresh attempt at 1.3675, trendline resistance. Clear break there would open way towards 1.3703/35 higher levels of the range.

Res: 1.3680, 1.3690, 1.3703, 1.3735

Sup: 1.3595, 1.3575, 1.3543, 1.3529

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20100311095709.gif

GBP/USD

Extends bounce from 1.4871, yesterday’s higher low, currently probing 1.5014 resistance, ahead of possible attempt at 1.5194, 08 Mar high. Break there is required to resume near-term recovery towards 1.5315/35. Failure under 1.5194, however, risk lower top for fresh weakness, though, while 1.4880/70 holds, near-term tone remains positive.

Res: 1.5014, 1.5068, 1.5112, 1.5167

Sup: 1.4945, 1.4920, 1.4871, 1.4780

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20100311095735.gif

USD/JPY

Recovery phase off 88.13, 04 Mar low, extends from the swing low at 89.63, confirmed by the latest break above 90.67, 08 Mar high to reach 90.81 thus far. Further strength targets 91.30 then 91.90. Only loss of 89.62/45 would pivot market back to test 88.14.

Res: 90.81, 91.00, 91.30, 91.45

Sup: 90.15, 89.80, 89.62, 89.45

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20100311095830.gif

USD/CHF

Upside attempt failed just under 1.0802, with fresh weakness now threatening 1.0683/73, break of which will expose 1.0645, range low, then 1.0607, 09 Feb low. To avoid immediate downside risk, minimum 1.0808 must me regained. This would open way for further recovery towards 1.0930/1.1020.

Res: 1.0740, 1.0752, 1.0787, 1.0808

Sup: 1.0673, 1.0645, 1.0630, 1.0607

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20100311095918.gif

EUR/USD

Maintains negative near-term tone. Yesterday’s attempt at 1.3529, 05 Mar pivot, reached 1.3536, before bouncing to mark a possible lower top at 1.3615. Break below 1.3536/22 support zone would direct the market towards lower levels of 1.3433/1.3789 band.

Res: 1.3615, 1.3640, 1.3690, 1.3703

Sup: 1.3529, 1.3513, 1.3485, 1.3443

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20100310091403.gif

GBP/USD

Continues to trend lower, focusing 1.4853/1.4780 lows. However, as long as the latter holds, possibility for attempt higher towards 1.5345 zone is not ruled out. Early break under 1.4780 range bottom, would trigger fresh weakness towards 1.4396, 22 Apr 09 low.

Res: 1.5026, 1.5085, 1.5112, 1.5167

Sup: 1.4885, 1.4855, 1.4833, 1.4780

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20100310091428.gif

USD/JPY

Recovery phase from 88.13, 04 Mar low, peaked at 90.67 high on 08 Mar, before yesterday’s relapse to 89.62. Minor rejection here suggests possible scope for push above 90.67 to target 91.30, 23 Feb high. Loss of 89.62/40, however, would bring test of 88.14 back in focus.

Res: 90.50, 90.67, 91.30, 91.63

Sup: 89.62, 89.40, 89.25, 89.11

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20100310091502.gif

USD/CHF

Continues to firm within broad 1.06451.0898 near-term consolidation band. Momentum supports immediate bull structure for a test on 1.0802/08 (09/05 Mar highs, with potential break there to focus 1.0889/98 next. 1.0720/40 zone underpins advance for now.

Res: 1.0808, 1.0828, 1.0898, 1.0940

Sup: 1.0722, 1.0673, 1.0645, 1.0630

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20100310091552.gif

EUR/USD

Extends decline, after an upside attempt stalled at 1.3703 yesterday, with 1.3578 being reached thus far. Risk is seen for further pullback, targeting 1.3529, last Friday’s low, break of which will re-focus 1.3433 key support. However, the pair remains in a 1.3433/1.3735 range, with break of either side to establish the direction.

Res: 1.3640, 1.3690, 1.3703, 1.3735

Sup: 1.3550, 1.3529, 1.3485, 1.3433

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20100309095304.gif

GBP/USD

Yesterday’s rejection at 1.5194 has signaled the completion of the first corrective leg off 1.4780 low, with reversal now under way. However, while 1.4780 holds, scope exists for renewed attempt through 1.5194 towards 1.5345 zone, for creation of lower top. Loss of 1.4780 to continue underlying downtrend.

Res: 1.5085, 1.5112, 1.5167, 1.5194

Sup: 1.4940, 1.4885, 1.4855, 1.4780

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20100309095328.gif

USD/JPY

Sharp rally off 88.13 has ran out of steam at 90.67 yesterday, with immediate pullback followed. Today’s break below 60 day MA at 89.98 now confirms near-term bears and risks deeper reversal, as over 38.2% of the original move already been retraced. Next levels seen at 89.40, then 89.11/88.97, while only push above 90.10/50 improves.

Res: 90.10, 90.50, 90.67, 91.10

Sup: 89.40, 89.25, 89.11, 88.97

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20100309095404.gif

USD/CHF

Continues to firm off 1.0673, yesterday’s higher low, clearing now trendline resistance at 1.0760. Current bias favors further gains towards upper levels of the broader 1.0645 to 1.0898 consolidation range. Underlying structure, however, remains positive, while 1.0673 holds.

Res: 1.0808, 1.0828, 1.0898, 1.0940

Sup: 1.0724, 1.0673, 1.0645, 1.0630

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20100309095439.gif

Re: Short Term Technical Analysis for Majors (09:30 GMT)

In Response to feroce:

There are still good oportunities for EURUSD as long as it remains within 1.3433 - 1.3735 range. However I see it currently more turned upside as long as 1.3529 holds. Regarding USDCAD, clear break under 1.0222/04, sees good opportunity parity test and even lower, while 1.0340/65 caps.

EUR/USD

Remains well supported, following last Friday’s lower rejection at 1.3529. Market tested 1.3700 today, ahead of key 1.3735 resistance. However, market continues to trade within 1.3433/1.3735 consolidation range. Overbought conditions now see scope for correction, with 1.3625 offering initial support, ahead of 1.3529, loss of which weakens near-term outlook. Early lower rejection, however, returns 1.3700/25 test in focus.

Res: 1.3703, 1.3711, 1.3735, 1.3789

Sup: 1.3625, 1.3590, 1.3550, 1.3529

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20100308091124.gif

GBP/USD

Continues to trend higher off 1.4780, 01 Mar low, with Friday’s clearance of 1.5075, trendline resistance, extending gains to 1.5194 so far, retracing over 38.2% of 1.5814/1.4780 downleg. Potential is seen for an upside extension towards 1.5300/45, where a lower top is seen ahead of fresh weakness. Only regain of 1.5525/75 zone to neutralize medium-term bears.

Res: 1.5230, 1.5265, 1.5296, 1.5316

Sup: 1.5120, 1.5075, 1.5004, 1.4990

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20100308091153.gif

USD/JPY

Last week’s bullish engulfing candle pattern has opened way for current rally, reaching 90.67 high so far, just above 61.8% retrace of 92.13-88.13 downleg. Correction lower now under way, with 89.50/45, key support, expected to contain dips, ahead of fresh push higher, and clearance of 90.67 to focus 91.30, 23 Feb high. Loss of 90.45, howvere, weakens the tone.

Res: 90.67, 90.85, 91.10, 91.30

Sup: 89.98, 89.45, 89.25, 88.96

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20100308091223.gif

USD/CHF

Continues broader consolidation between a 1.0646/1.0898 band, following earlier near-term strength. Friday’s upside rejection at 1.0808, now turns focus downside, for test of 1.0646, with break there to open fresh weakness to 1.0607. Upside, regain of 1.0898 is needed to resume the uptrend.

Res: 1.0745, 1.0760, 1.0808, 1.0828

Sup: 1.0667, 1.0646, 1.0630, 1.0607

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20100308091257.gif

EUR/USD

Bounce off 1.3433, 02 Mar low has sparked rally to 1.3735 yesterday, though bulls failed to attack 1.3790, key 17 Feb high, with sharp reversal followed. Dips now need to hold above 1.3514/00 for possible attempt at 1.3735, while upside failure risks 1.3433/22 .

Res: 1.3632, 1.3693, 1.3711, 1.3735

Sup: 1.3550, 1.3513, 1.3433, 1.3422

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20100305092524.gif

GBP/USD

Short-term structure remains positive while 1.5000/1.4970 support area holds. This keeps potential attempt at 1.5345 in play. Loss of 1.4970 however, will sour the tone and bring 1.4780, yearly low, back in focus.

Res: 1.5075, 1.5090, 1.5130, 1.5152

Sup: 1.4990, 1.4974, 1.4960, 1.4940

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20100305092612.gif

USD/JPY

Extends corrective phase off yesterday’s 88.13 low, now approaching key 89.48 resistance. Break there to open an way for test of 89.72, possibly 90.35 on a break. Loss of 88.92 support, however, will signal fresh weakness.

Res: 89.48, 89.72, 90.35, 90.55

Sup: 88.92, 88.63, 88.13, 87.73

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20100305092741.gif

USD/CHF

Continues broader consolidation between a 1.0646/1.0898 band, following earlier near-term strength. Current upswing stalled at 1.0793 yesterday and potential loss of momentum would risk fresh weakness towards 1.0646. Upside clearance of 1.0793 focuses 1.0899.

Res: 1.0796, 1.0840, 1.0899, 1.0940

Sup: 1.0732, 1.0687, 1.0667, 1.0646

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20100305092819.gif

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