Short Term Technical Analysis for Majors

[WindsorBrokers]

EUR/USD

Maintains negative structure after yesterday’s bounce off 1.3460 low failed at 1.3579. Subsequent reversal now seeks for 1.3460/45 zone retest, break of which to expose 1.3422/05. Above 1.3590 to firm for 1.3650/90.

Res: 1.3579, 1.3653, 1.3681, 1.3690
Sup: 1.3495, 1.3460, 1.3445, 1.3422

GBP/USD

Recovery attempt off yesterday’s 1.4780 now underway, with 1.5008 reached so far. Scope is seen for push higher towards 1.5090, where fresh downleg is expected to emerge, for test of 1.4853/1.4780. Regain of 1.5090/1.5200 zone, however to firm and allow stronger correction.

Res: 1.5008, 1.5090, 1.5170, 1.5202
Sup: 1.4853, 1.4780, 1.4772, 1.4755

USD/JPY

Remains in a short-term range trading within 89.48/88.73, after decline from 92.13 high. Upside clearance of 89.43 is needed to open way for fresh recovery towards 89.90/90.35, while the downside break under 88.73 would open 88.54, then 87.72/36 instead.


Res: 89.48, 89.72, 89.90, 90.35
Sup: 88.73, 88.54, 88.25, 87.73

USD/CHF

Continues to trend higher, following bounce from 1.0774. Latest clearance of 1.0869/77 now seeks for break above 1.0897, 19 Feb high, to open 1.0930/50 area next. Only below 1.0690 to weaken the structure.

Res: 1.0887, 1.0897, 1.0930, 1.0940
Sup: 1.0774, 1.0720, 1.0690, 1.0680

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (15:30 GMT)

EUR/USD

Broke under 1.3445 to reach fresh yearly low at 1.3434 today. Recovery attempt followed, though, negative structure dominates while 1.3653 holds and only sustained break through 1.2681/90 to improve.

Res: 1.3597, 1.3653, 1.3681, 1.3690
Sup: 1.3460, 1.3434, 1.3422, 1.3342

GBP/USD

Corrects from 1.4780 low, though 1.5012 caps for now. Break there to extend higher to 1.5094/1.5125, possibly 1.5185/1.5203 on a break. Downside loss of 1.4880/53, however, weakens and re-exposes 1.4780 test.

Res: 1.5008, 1.5090, 1.5185, 1.5203
Sup: 1.4880, 1.4853, 1.4780, 1.4755

USD/JPY

Remains locked in a short-term consolidation within 89.48/88.73, after decline from 92.13 high. Upside clearance of 89.43 is needed to open way for fresh recovery towards 89.90/90.35, while the downside break under 88.73 would open 88.54, then 87.72/36 instead.


Res: 89.48, 89.72, 89.90, 90.35
Sup: 88.73, 88.54, 88.25, 87.73

USD/CHF

Dipped to 1.0755 today, following upside rejection at 1.0887. However, structure remains positive, with fresh push higher under way. While 1.0755/18 holds, see scope for attempt to 1.0887/97. Potential break there to open 1.0955/87 next, while loss of 1.0714/1.0693 sours.

Res: 1.0887, 1.0897, 1.0930, 1.0940
Sup: 1.0714, 1.0690, 1.0680, 1.0646

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (09:00 GMT)

EUR/USD

Yesterday’s rejection at 1.3433 now favors range trading between 1.3433 and 1.3681. Clearance of the latter is needed to open 1.3787, while loss of the downside barrier at 1.3433 triggers the continuation of the downtrend and opens 1.3250.

Res: 1.3653, 1.3681, 1.3690, 1.3740
Sup: 1.3579, 1.3513, 1.3460, 1.3433

GBP/USD

Extends correction off 1.4780, yearly low, with 1.5074 reached so far. Potential is for leaving a lower to for fresh leg lower, to test 1.4890/50, ahead of 1.4780. Upside clearance of 1.5180, however, would neutralize outlook.

Res: 1.5074, 1.5090, 1.5130, 1.5180
Sup: 1.4960, 1.4940, 1.4890, 1.4850

USD/JPY

Broke out of the recent consolidation yesterday, to probe below 88.54, yearly low, reaching 88.46 so far. Scope is now seen for further weakness towards 88.24, then 87.73. Regain of 89.50 area would delay.


Res: 89.04, 89.25, 89.48, 89.72
Sup: 88.46, 88.32, 88.25, 87.73

USD/CHF

Extended decline, following yesterday’s rejection at 1.0887 to reach 1.0716 low today. Near-term outlook remains positive while 1.0693/46 holds, with fresh push higher looking for retest of 1.0828/87.

Res: 1.0775, 1.0828, 1.0887, 1.0897
Sup: 1.0714, 1.0693, 1.0680, 1.0646

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (10:30 GMT)

EUR/USD

Remains positive off 1.3433, yearly low, with yesterday’s break above 1.3681/90 upper range limit, extending gains to 1.3735. Focus is now on 1.3790 and 1.3838 on a break. Downside, 1.3590 expected to contain dips, and possible break there to expose 1.3433 instead.

Res: 1.3711, 1.3735, 1.3790, 1.3838
Sup: 1.3625, 1.3591, 1.3581, 1.3513

GBP/USD

Correction off 1.4780 may be reaching completion, if 1.5130, yesterday’s high, caps. Otherwise, stronger correction higher would be likely scenario, to focus 1.5315/45. Failure under 1.5130, however, would signal resume of the broader weakness.

Res: 1.5085, 1.5108, 1.5130, 1.5180
Sup: 1.5013, 1.5000, 1.4975, 1.4960

USD/JPY

Yesterday’s break under 88.55, key support, has seen 88.13 so far and opening prospect for further weakness towards 87.36. Current correction seen capped by 88.62, to keep immediate bears in play, with potential break there to delay and allow for stronger correction.

Res: 88.70, 89.04, 89.25, 89.48
Sup: 88.30, 88.13, 87.73, 87.36

USD/CHF

Dipped below 1.0695 support yesterday, testing 1.0645, 17 Feb low. Correction higher is now under way, though, while 1.0764 caps, the bias remains lower. Above there, however shifts the focus back onto 1.0889/99.

Res: 1.0731, 1.0764, 1.0801, 1.0828
Sup: 1.0667, 1.0645, 1.0630, 1.0582

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (15:30 GMT)

EUR/USD

Reverses sharply to 1.3600 area after upside failure at 1.3693 today. 1.3590 support is now at risk and potential break there is expected to weaken the structure and focus 1.3433.

Res: 1.3693, 1.3711, 1.3735, 1.3790
Sup: 1.3591, 1.3581, 1.3513, 1.3460

GBP/USD

Correction off 1.4780 may be reaching completion, if 1.5130, yesterday’s high, caps. Otherwise, stronger correction higher would be likely scenario, to focus 1.5315/45. Failure under 1.5130, however, would signal double top, ahead of fresh weakness towards 1.4974/45.

Res: 1.5130, 1.5180, 1.5210, 1.5235
Sup: 1.5021, 1.5013, 1.5000, 1.4974

USD/JPY

Fresh strength emerges from today’s lower rejection at 88.13, clearing several resistances, to reach 89.20 thus far. 89.50 is now seen as next target, with break there to expose 90.35, though, overbought hourly studies suggest correction, with 88.50/40 zone expected to contain.

Res: 89.20, 89.48, 90.35, 90.55
Sup: 88.63, 55.55, 88.45, 88.13

USD/CHF

Dipped below 1.0695 support yesterday, testing 1.0645, 17 Feb low. Correction higher is now under way, though, while 1.0764 caps, the bias remains lower. Above there, however, would shift the focus towards 1.0889/99.

Res: 1.0764, 1.0801, 1.0828, 1.0899
Sup: 1.0667, 1.0645, 1.0630, 1.0582

 

[WindsorBrokers]

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

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

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

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

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

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (09:00 GMT)

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

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

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

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

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (15:30 GMT)

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. Correction reached 1.3625 today, though, risk of failure under 1.3700 persists, seeing scope for lower top, ahead of decline, and under 1.3625 to focus 1.3529.

Res: 1.3690, 1.3703, 1.3735, 1.3789
Sup: 1.3625, 1.3590, 1.3550, 1.3529

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: 1.5195, 1.5230, 1.5265, 1.5296
Sup: 1.5092, 1.5075, 1.5004, 1.4990

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, however, weakens the tone.

Res: 90.67, 90.85, 91.10, 91.30
Sup: 89.98, 89.45, 89.25, 88.96

USD/CHF

Extends 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

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (09:45 GMT)

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

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

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

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

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (09:15 GMT)

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

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

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

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

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (09:45 GMT)

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

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

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

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

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (15:00 GMT)

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,

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

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

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

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (09:00 GMT)

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

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

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

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

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (15:15 GMT)

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

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

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

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

 

[WindsorBrokers]

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

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

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

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

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

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (09:15 GMT)

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

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

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

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

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (14:30 GMT)

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

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

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

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

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (09:00 GMT)

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

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

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

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

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (14:30 GMT)

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

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

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

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

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:30 GMT)

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: 1.3685, 1.3727, 1.3739, 1.3780
Sup: 1.3639, 1.3620, 1.3595, 1.3575

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 would improve the tone.

Res: 1.5316, 1.5330, 1.5380, 1.5417
Sup: 1.5217, 1.5207, 1.5194, 1.5174

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

USD/CHF

Probed the 1.0523/1.0497 support zone, to reach 1.0505, ahead of current bounce. This is seen corrective while 1.0641/48 holds, 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