Short Term Technical Analysis for Majors

[WindsorBrokers]

Short Term Technical Analysis for Majors (14:20 GMT)

EUR/USD

Recovery off 1.2586, 24 Aug low, unfolds a bearish wedge pattern, with 1.2791/31 expected to cap. Downside break below 1.2675/65 will bring bears back in play and expose 1.2608/1.2586 next. Break above 1.2831, however, will signal further recovery exposing 1.2900 zone.

Res: 1.2778, 1.2791, 1.2831, 1.2880
Sup: 1.2665, 1.2651, 1.2608, 1.2586

GBP/USD

Remains within a corrective phase off 1.5371, with further strength looking to test 1.5610, 38.2% retracement of the 1.5997/1.5371 fall. Potential break higher will open 1.5672/89 next, otherwise, return to 1.5441/1.5371 would be likely scenario.

Res: 1.5573, 1.5596, 1.5610, 1.5617
Sup: 1.5497, 1.5465, 1.5441, 1.5400

USD/JPY

Today’s upside failure at 85.89 was followed by sharp reversal, to retrace nearly 61.8% of the latest 83.58/85.89 upleg, reaching 84.54 so far. Loss of 84.46, 38.2% and 84.26, last Friday’s low, would extend weakness towards 83.58, yearly low. Only regain of 85.19 would delay bears and possibly open 85.89 for retest.

Res: 85.19, 85.46, 85.89, 86.24
Sup: 84.46, 84.37, 84.26, 84.04

USD/CHF

Immediate downside risk hinges on 1.0335, 25 Aug lower high, as down-swings from 1.0625, 12 Aug high, extend. Break below 1.0220 low exposes risk towards this year's low at 1.0130 amid positive divergent daily studies.

Res: 1.0305, 1.0325, 1.0335, 1.0380
Sup: 1.0236, 1.0220, 1.0182, 1.0130

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:30 GMT)

EUR/USD

Failed to extend recovery off 1.2586, with reversal emerging from 1.2778, just above 23.6% retracement of 1.3332/1.2586 downleg. This has completed a rising wedge and market now looks for retest of 1.2586, break of which will open 1.2522 and 1.2480.

Res: 1.2675, 1.2715, 1.2745, 1.2778
Sup: 1.2608, 1.2586, 1.2522, 1.2480

GBP/USD

Correction from 1.5371 has stalled at 1.5596, just under 1.5610, 38.2% retracement of 1.5997/1.5371 decline, with bears now attempting to complete a three-legged reversal off 1.5596. Potential break below 1.5371 would open fresh weakness, as short-term outlook remains negative.

Res: 1.5472, 1.5533, 1.5573, 1.5596
Sup: 1.5371, 1.5335, 1.5322, 1.5296

USD/JPY

Maintains negative tone, following yesterday’s failure of the recovery attempt from 83.58 at 85.89. This now opens way for retest of 83.58, yearly low, and 83.51, Jun 1995 low. Corrective attempts are seen limited by 84.50/82 for now.

Res: 84.50, 84.82, 85.19, 85.46
Sup: 84.04, 83.89, 83.58, 83.51

USD/CHF

Continues to trend lower towards a major bear flag trendline at 1.0065, drawn off the Mar 2008 low. Cycle low at 1.0220, 27 Aug low, is now being lost, with next target standing at 1.0130, 2010 low, posted 11 Jan. Upside, 1.0310/19 zone expected to cap.

Res: 1.0250, 1.0275, 1.0307, 1.0325
Sup: 1.0182, 1.0162, 1.0130, 1.0065

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (14:00 GMT)

EUR/USD

Corrective phase off 1.2586 stalled at 1.2778, followed by reversal. Market retraced over 61.8% of 1.2586/1.2778 upleg, reaching 1.2624 today, ahead of fresh strength. This now keeps near-term bulls alive, though break above 1.2778 is required to resume recovery. Otherwise, lower top and fresh weakness towards 1.2624/1.2586 would be likely scenario, as short-term outlook remains negative.

Res: 1.2745, 1.2778, 1.2833, 1.2880
Sup: 1.2624, 1.2608, 1.2586, 1.2522

GBP/USD

The latest break below 1.5371 marks completion of the corrective phase from 1.5371, with the desired bounce failing to gain traction. Immediate risk is seen for an extension lower, with focus on 1.5125 near-term.

Res: 1.5472, 1.5533, 1.5573, 1.5596
Sup: 1.5335, 1.5322, 1.5296, 1.5250

USD/JPY

Maintains negative tone, following yesterday’s failure of the recovery attempt from 83.58. Reversal off 85.89 has so far reached 84.04, opening way for retest of 83.58, yearly low, and 83.51, Jun 1995 low. Corrective attempts are seen limited by 84.50/82 zone for now.

Res: 84.53, 84.82, 85.19, 85.46
Sup: 84.04, 83.89, 83.58, 83.51

USD/CHF

Continues to trend lower after breaking below 1.0220, 27 Aug low, now threatening the yearly low at 1.0130. Break here would risk an extension towards 1.0025, 02 Dec 2009 high, possibly 0.9960, 03 Dec 2009 low. Upside, only regain of 1.0301 improves.


Res: 1.0224, 1.0250, 1.0275, 1.0307
Sup: 1.0162, 1.0130, 1.0027, 0.9980

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

Continues to trade within a shallow corrective channel, following the latest 1.2920/1.2588 downleg. Recent lower tops at 1.2778 and 1.2741 should now cap for an eventual break under 1.2631/24 to trigger a drop through 1.2586 to 1.2522 next.

Res: 1.2741, 1.2778, 1.2833, 1.2880
Sup: 1.2631, 1.2624, 1.2608, 1.2586

GBP/USD

Yesterday’s break belwo1.5371 support extended losses to 1.5325, with hourly structure now favoring the formation of a shallow retrace, towards 1.5441, 27 August low. However, break above 1.5441/75 will warn of fresh recovery phase.

Res: 1.5441, 1.5475, 1.5533, 1.5573
Sup: 1.5335, 1.5322, 1.5296, 1.5250

USD/JPY

Maintains negative tone, recovery off 83.58 failed at 85.89. Fresh weakness has so far reached 83.81, confirming a lower ceiling at 85.59. Break under 83.81/58 opens 83.10/82.30 next, while 84.59/82 caps for now.

Res: 84.59, 84.82, 85.19, 85.46
Sup: 83.81, 83.58, 83.51, 83.10

USD/CHF

Continues to trend lower, targeting a major bear flag trendline at 1.0065, drawn off Mar 2008 low. Break here would signal significant medium to longer-term weakness, with immediate target standing at 0.9916, 2009 low, posted 26 Nov. Only regain of 1.0307 would ease bear pressure.

Res: 1.0224, 1.0250, 1.0275, 1.0307
Sup: 1.0130, 1.0100, 1.0065, 0.9980

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:45 GMT)

EUR/USD

Remains in recovery mode off 1.2586/1.2625, 24/31 Aug lows. Yesterday’s breach at 1.2741/78 resistance zone has so far seen 1.2855, with slight ease expected to precede fresh gains to test 1.2870, 38% retracement of 1.3332/1.2586 downleg. However, while 1.2870/1.2931 zone holds, the latest rally is seen corrective. Only break above the latter would signal stronger recovery.

Res: 1.2855, 1.2870, 1.2903, 1.2931
Sup: 1.2741, 1.2725, 1.2693, 1.2660

GBP/USD

Near-term structure off yesterday's 1.5336 low suggests scope for a further swing higher towards 1.5500 area, where a lower high may form. Reversal below 1.5336, however, opens up 1.5125, 21 Jul low. Reclaim of 1.5596, 26 Aug low improves.

Res: 1.5458, 1.5495, 1.5543, 1.5573
Sup: 1.5335, 1.5296, 1.5250, 1.5235

USD/JPY

Maintains negative tone, recovery off 83.58 failed at 85.89. Fresh weakness has so far reached 83.81, confirming a lower ceiling at 85.59. Break under 83.81/58 opens 83.10/82.30 next, while 84.59/82 caps for now.

Res: 84.67, 84.82, 85.19, 85.46
Sup: 83.90, 83.66, 83.51, 83.10

USD/CHF

Continues to trend lower, targeting a major bear flag trendline at 1.0065, drawn off Mar 2008 low. Break here would signal significant medium to longer-term weakness, with immediate target standing at 0.9916, 2009 low, posted 26 Nov. Only regain of 1.0307 would ease bear pressure.

Res: 1.0186, 1.0224, 1.0250, 1.0261
Sup: 1.0065, 1.0027, 0.9980, 0.9960

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (14:45 GMT)

EUR/USD

Remains in recovery mode off 1.2586/1.2625, 24/31 Aug lows. Yesterday’s breach at 1.2741/78 resistance zone has so far seen 1.2855, with slight ease expected to precede fresh gains to test 1.2870, 38% retracement of 1.3332/1.2586 downleg. However, while 1.2870/1.2931 zone holds, the latest rally is seen corrective. Only break above the latter would signal stronger recovery.

Res: 1.2855, 1.2870, 1.2903, 1.2931
Sup: 1.2775, 1.2741, 1.2725, 1.2693

GBP/USD

Recovery attempt off yesterday's 1.5336 low reached 1.5490 today, ahead of fresh weakness. 1.5349 was seen so far, confirming the lower top at 1.5490, and possible break through 1.5336/25 to open 1.5125, 21 July low, next.

Res: 1.5458, 1.5495, 1.5543, 1.5573
Sup: 1.5336, 1.5325, 1.5296, 1.5250

USD/JPY

Maintains negative tone, as recovery off 83.58 failed at 85.89. Fresh weakness has so far reached 83.81, confirming a lower ceiling at 85.59. Break under 83.81/58 opens 83.10/82.30 next, while lift above 84.59/82 may seek a lower top under 85.89.

Res: 84.67, 84.82, 85.19, 85.46
Sup: 83.90, 83.66, 83.51, 83.10

USD/CHF

Continues to trend lower, targeting a major bear flag trendline at 1.0065, drawn off Mar 2008 low. Break here would signal significant medium to longer-term weakness, with immediate target standing at 0.9916, 2009 low, posted 26 Nov. Only regain of 1.0307 would ease bear pressure.

Res: 1.0186, 1.0224, 1.0250, 1.0261
Sup: 1.0065, 1.0027, 0.9980, 0.9960

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

Recovery off 1.25861.2625, 24/31 Aug lows has reached 1.2855, just below off 1.2870, 38.2% retracement of 1.3332/.2586. To resume recovery, break above 1.2931 is required, while loss of 1.2740 would signal bear resumption.

Res: 1.2855, 1.2870, 1.2903, 1.2931
Sup: 1.2775, 1.2741, 1.2725, 1.2693

GBP/USD

The recent recovery from the 1.5325, 31 Aug low has tested the 23.6% retracement of the 1.5997/1.5325 downleg, at 1.5483. Although a further recovery phase may be possible a lower high remains sought for a fresh push lower and retest of 1.5325.

Res: 1.5458, 1.5495, 1.5543, 1.5573
Sup: 1.5350, 1.5336, 1.5325, 1.5296

USD/JPY

Maintains negative tone, as recovery off 83.58 failed at 85.89. Fresh weakness has so far reached 83.81, confirming a lower ceiling at 85.59. Break under 83.81/58 opens 83.10/82.30 next, while lift above 84.59/82 may seek a lower top under 85.89.

Res: 84.67, 84.82, 85.19, 85.46
Sup: 83.90, 83.66, 83.51, 83.10

USD/CHF

Continues to trend lower, targeting a major bear flag trendline at 1.0065, drawn off Mar 2008 low. Break here would signal significant medium to longer-term weakness, with immediate target standing at 0.9916, 2009 low, posted 26 Nov. Only regain of 1.0307 would ease bear pressure.

Res: 1.0156, 1.0186, 1.0224, 1.0250
Sup: 1.0093, 1.0065, 1.0027, 0.9980

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

Extends correction off 1.2586/1.2625, 24/31 Aug lows, with market currently attempting 1.2920/31, a break of which opens 1.2957, 50% retracement off 1.3332/1.2586 downleg. Near-term outlook sees scope for lower high, and loss of 1.2855 to open 1.2775 next. Upside, sustained break above 1.2957 would eye 1.2999/1.3045 instead.

Res: 1.2920, 1.2931, 1.2999, 1.3045
Sup: 1.2855, 1.2810, 1.2775, 1.2741

GBP/USD

Correction off 1.5325, 31 Aug low faces strong resistance at 23.6% retracement of 1.5997/1.5325 downleg, as market attempts for the second time. Scope is seen for higher low into 1.5500 zone, to extend underlying downtrend, with 1.5385/50 seen first, ahead of eventual attempt at 1.5325. Only regain of 1.5596, 26 Aug former high, would improve the outlook.

Res: 1.5490, 1.5543, 1.5573, 1.5596
Sup: 1.5385, 1.5350, 1.5336, 1.5325

USD/JPY

Undergoes range trading off 83.58/66, recent congestive lows, following Friday’s upside rejection at 85.21 and sharp reversal. Upside break above 85.21/89 is now required to resume recovery and expose key near-term resistance at 86.39, break of which would improve the outlook. Loss of 83.58/51, 24 Aug/02 June 1995 lows, however, will signal bear-trend resumption and target 83.00/82.30.

Res: 84.52, 84.67, 85.00, 85.19
Sup: 83.98, 83.66, 83.51, 83.10

USD/CHF

Remains in a corrective mode off 1.0063, 01 Sep low, also multimonth triangle support. Friday’s attempt higher resulted in an upside rejection and sharp reversal, signaling resumption of the underlying bear tone. Upside for now remains capped by 1.0237/1.0306, favoring fresh attempt at 1.0063, break of which would trigger a broader weakness. Only sustained break above 1.0306, would delay and allow for stronger correction.

Res: 1.0186, 1.0224, 1.0237, 1.0250
Sup: 1.0119, 1.0093, 1.0063, 1.0027

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:20 GMT)

EUR/USD

Corrective attempt 1.2586/1.2625, 24/31 Aug lows, stalled at 1.2916 yesterday, just below key resistance area at 1.2920/31. This may signal a completion of the corrective phase, with break below 1.2775 to open 1.2741 first, ahead of 1.2700. Upside, regain of 1.2875 1.2871 firms the tone, but sustained break above 1.2931 resumes the recovery.

Res: 1.2875, 1.2893, 1.2916, 1.2931
Sup: 1.2775, 1.2741, 1.2728, 1.2700

GBP/USD

Yesterday’s failure to break above 1.5490 triggered immediate pullback, turning the focus lower. 1.5344 has been reached so far, just above 1.5325, key near-term support. Break here to fresh weakness towards 1.5250/40 zone, though, correction higher may precede the downmove. Only above 1.5490 improve the near-term outlook.


Res: 1.5465, 1.5490, 1.5543, 1.5573
Sup: 1.5344, 1.5336, 1.5325, 1.5296

USD/JPY

Returns to the negative tone, following an upside rejection at 85.21 on 03 Sep and today’s fresh attempt at the recent consolidation floor at 83.66/51. Potential break here to open the next phase lower and target 81.88, May 1995 low, short-term. Only regain of 84.65 would provide a near-term relief.

Res: 84.52, 84.65, 85.00, 85.19
Sup: 83.66, 83.51, 83.10, 82.30

USD/CHF

Last Friday’s upside rejection at 1.0237 confirms weakness, with market currently pressuring key longer-term bear flag support at 1.0065. Break here will suggest a significant medium-term weakness, with initial targets standing at 0.9980/16. Upside remains capped by 1.0141/86.

Res: 1.0141, 1.0186, 1.0224, 1.0237
Sup: 1.0065, 1.0027, 1.0000, 0.9980

 

[WindsorBrokers]

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

EUR/USD

Continues to further retrace the latest upleg from 1.2586, following an upside rejection at 1.2916 on 06 Sep. Market so far reached 1.2675, just above the trendline drawn off 1.2586, currently at 1.2672. Break here will open 1.2625/1.2586 for retest, with potential break here to resume underlying bear trend and expose 1.2522/1.2480, July lows. Upside, 1.2775, 02 Sep low, is expected to cap for now.

Res: 1.2732, 1.2775, 1.2840, 1.2875
Sup: 1.2672, 1.2625, 1.2586, 1.2522

GBP/USD

Yesterday’s break below the recent range floor has reached 1.5295, ahead of fresh strength. This is currently testing 1.5490, 06 Sep previous low, also channel resistance, break of which is required to neutralize short-term bears and open way towards 1.5596/1.5617, 26/23 Aug previous highs. Failure to break higher, however, will return to weakness.

Res: 1.5492, 1.5543, 1.5573, 1.5596
Sup: 1.5414, 1.5344, 1.5336, 1.5325

USD/JPY

Maintains negative tone, following an upside rejection at 85.21 on 03 Sep and break below the recent consolidation floor at 83.66/51. This now signals the phase lower and targets 81.88, May 1995 low, short-term. Today’s high at 83.86 offers immediate cap.

Res: 83.86, 84.05, 84.27, 84.52
Sup: 83.33, 82.30, 81.88, 81.30

USD/CHF

Is currently attempting to break through key long-term bear flag support at 1.0065, as last Friday’s upside rejection confirms weakness. Break below 1.0065 would signal significant medium-term weakness, targeting 0 .9980/16 initially. Yesterday’s high at 1.0145 should now limit the upside.

Res: 1.0124, 1.0145, 1.0186, 1.0237
Sup: 1.0059, 1.0027, 1.0000, 0.9980

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:10 GMT)

EUR/USD

Yesterday’s failure to sustain break below trendline support at 1.2672, with 1.2658 low reached, triggered a correction higher to leave a lower top at 1.2762, ahead of fresh weakness. Market currently attempting through 1.2658 and clear break here to open 1.2625/1.2586, with extension to 1.2522 not ruled out. To improve immediate bear tone and delay weakness, regain of 1.2762/75, is required.

Res: 1.2762, 1.2775, 1.2840, 1.2875
Sup: 1.2658, 1.2625, 1.2586, 1.2522

GBP/USD

Recovery off 1.5295, 07 Sep low, cleared 1.5490, an hourly trendline resistance, drawn off 1.5596, extending gains to 1.5532 yesterday, ahead of reversal. Fresh weakness is now underway, looking for possible retest of 1.5295, while 1.5532 caps. However, underlying bear trend remains intact as long as 1.5575/1.5617 zone holds.


Res: 1.5476, 1.5492, 1.5532, 1.5543
Sup: 1.5357, 1.5344, 1.5336, 1.5325

USD/JPY

Yesterday’s break below the recent 83.66/51 floor, reached 83.33, before bouncing to mark a likely lower top at 84.05. Potential break below 83.33 will open next target at 82.98. Upside, break above 84.05 would delay, risking 84.28/47 first.

Res: 84.05, 84.28, 84.47, 84.82
Sup: 83.51, 83.33, 82.98, 82.30

USD/CHF

Attempts to break higher, following bounce off 1.0059, yesterday’s low, with market currently breaking through 1.0138/45, previous highs. Sustained break here is needed to resume recovery and expose 1.0237/61, 03 Sep/31 Aug highs. Otherwise, fresh weakness and retest of 1.0059 would be the likely scenario.

Res: 1.0186, 1.0237, 1.0261, 1.0275
Sup: 1.0099, 1.0059, 1.0027, 1.0000

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

Remains weak off 1.2916, key lower top, posted 06 Sep with the loss of trendline support confirming the underlying bear structure. Initial targets lie at 1.2625 and 1.2586. Only regain of 1.2765/75 would delay weakness.

Res: 1.2765, 1.2775, 1.2840, 1.2875
Sup: 1.2658, 1.2643, 1.2625, 1.2586

GBP/USD

Price has been largely confined to a falling hourly channel over the past couple of weeks. Sustained break below yesterday's low at 1.5375 would open a test of 1.5295/70, 07 Sep low/channel support, while break above 1.5476 would delay short-term weakness.

Res: 1.5476, 1.5492, 1.5532, 1.5543
Sup: 1.5358, 1.5344, 1.5336, 1.5325

USD/JPY

Remains in a near-term corrective mode off 83.33, 08 Sep year-to-day low, following prior downleg from 85.21 03 Sep rejection high. Break below 83.60, trendline support, will resume the underlying bear move for 82.98 next, while 84.28/47 limits the upside..

Res: 84.28, 84.47, 84.82, 85.00
Sup:83.79, 83.60, 83.51, 83.33

USD/CHF

Attempts to break through the upper border of the recent 1.0059/1.0236 band, with renewed attempt on 1.0223, overnight’s rejection high, underway. Sustained break above 1.0236 will signal resumption of recovery and expose 1.0310 first. Failure under 1.0236, however, would risk lower top, ahead of fresh weakness and open 1.0100/1.0059, possibly 0.9960 on a break.


Res: 1.0223, 1.0237, 1.0261, 1.0275
Sup: 1.0099, 1.0059, 1.0027, 1.0000

 

[WindsorBrokers]

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

EUR/USD

Broke above 1.2765/75, the recent consolidation ceiling and 1.2815, trendline resistance, to extend recovery and focus 1.2920/31, key near-term resistance zone. Clear break here is needed to confirm a higher low at 1.2586 and resume short- term uptrend from 1.1875. Otherwise, lower top under 1.2931 and fresh attempt at 1.2625/1.2586 would be the likely scenario.

Res: 1.2865, 1.2875, 1.2920, 1.2931
Sup: 1.2775, 1.2765, 1.2745, 1.2701

GBP/USD
Maintains positive near-term structure off 1.5295, 07 Sep low, with market currently attempting through 1.5477/90 resistance zone, en-route to 1.5532, key near-term resistance. Break here is required to resume recovery and expose 1.5596/1.5617, 26/23 Aug highs. Failure under 1.5532, however, risks lower top and fresh weakness, and below 1.5343 to open 1.5295 for retest.

Res: 1.5492, 1.5532, 1.5596, 1.5617
Sup: 1.5402, 1.5375, 1.5343, 1.5295

USD/JPY

Recovery off 83.33, year-to-day low, seeks a lower top, likely under 84.47/62, for the next leg lower to 83.33/82.98. Above 84.50/65, delays bears for further recovery 84.95/85.21. However, underlying trend remains firmly negative.

Res: 84.47, 84.62, 84.82, 85.00
Sup: 83.79, 83.51, 83.33, 82.98

USD/CHF

Last Friday’s rejection at 1.0276, just below 38.2% retracement of 1.0625/1.0063 downleg, confirmed the underlying bear structure. Market looks for a final push through 1.0060 support, to open way for fresh bear phase, with 0.9980/60 seen first. Upside, regain of 1.0236/76 is needed to easy the immediate bear pressure.


Res: 1.0205, 1.0237, 1.0276, 1.0310
Sup: 1.0099, 1.0059, 1.0027, 0.9980

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

Extends recovery off 1.2643 higher low, to attempt at 1.2920, the upper boundary of the recent 1.2624/1.2920 range. Break higher is required to resume the near-term recovery and focus 1.2960/1.3049, Fibonacci levels, otherwise, the recent structure remains negative for test of 1.2643/24.

Res: 1.2920, 1.2931, 1.2960, 1.3000
Sup: 1.2843, 1.2823, 1.2792, 1.2775

GBP/USD

Continues to trade within an hourly falling channel, with scope set for retest of channel support, currently near 1.5250. Multi-week structure also suggests the end of a complex corrective phase off 1.3500. Regain of 1.5486, however, would ease bear pressure.

Res: 1.5464, 1.5492, 1.5532, 1.5596
Sup: 1.5343, 1.5295, 1.5250, 1.5235

USD/JPY

Corrective phase off 83.33 stalled at 84.37 yesterday, with reversal followed. Channel loss triggered a drop to breach 83.25, trendline drawn off 83.58, 24 Aug low. This now opens 81.88, May 1995 low short-term, with initial targets at 82.98/30. Upside, 83.73/83 now caps while 84.37 becomes key near-term resistance.

Res: 83.83, 84.17, 84.47, 84.62
Sup: 82.98, 82.30, 81.88, 81.50

USD/CHF

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 0.9916 seen first. Upside, 1.0071 caps for now.

Res: 1.0071, 1.0097, 1.0132, 1.0170
Sup: 0.9980, 0.9960, 0.9949, 0.9916

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (13:50 GMT)

EUR/USD

Remains in a near-term uptrend from 1.2643, with today’s attempt to retest 1.2920 upper range limit, running out of steam at 1.2908, ahead of shallow correction.
Clearance of 1.2920/31 resistance zone is needed to resume recovery and focus 1.2960/1.3049, Fibonacci levels, otherwise, the recent structure remains negative for test of lower range limits at 1.2643/24.

Res: 1.2908, 1.2920, 1.2931, 1.2960
Sup: 1.2823, 1.2792, 1.2765, 1.2745

GBP/USD

Continues to trade within an hourly falling channel, with scope set for retest of channel support, currently near 1.5250. Multi-week structure also suggests the end of a complex corrective phase off 1.3500. Regain of 1.5486, however, would ease bear pressure.

Res: 1.5464, 1.5492, 1.5532, 1.5596
Sup: 1.5343, 1.5295, 1.5250, 1.5235

USD/JPY

Yesterday’s upside rejection at 84.37 has triggered fresh weakness. Channel loss triggered a drop to breach 83.25, trendline drawn off 83.58, 24 Aug low. This now opens 82.98/30, with extension to 81.88, May 1995 low seen short-term. Upside, 83.73/83 now caps while 84.37 becomes key near-term resistance.

Res: 83.83, 84.17, 84.47, 84.62
Sup: 82.98, 82.30, 81.88, 81.50

USD/CHF

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 0.9916 seen first. Upside, 1.0071 caps for now.

Res: 1.0071, 1.0097, 1.0132, 1.0170
Sup: 0.9980, 0.9960, 0.9949, 0.9916

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:50 GMT)

EUR/USD
Break above key 1.2920/31 resistance area completes a four week base, targeting 1.3045, 61.8% retracement of 1.3332/1.2586 downleg, with 1.3032 seen so far. Break above 1.3045 will open 1.3074/1.3128. Downside, 1.2920 offers initial support, while loss of 1.2828 sidelines near-term bulls.

Res: 1.3032, 1.3045, 1.3074, 1.3128
Sup: 1.2955, 1.2920, 1.2875, 1.2828

GBP/USD

Extends recovery from 1.5346, yesterday’s higher low, to test 1.5565, 38.2% retracement of the 1.5997/1.5295 fall. Further gains will target 1.5596/1.5617, possibly 1.5645, 50% retracement. Only sustained break below 1.5470/45 weakens the structure.

Res: 1.5554, 1.5596, 1.5617, 1.5645
Sup: 1.5448, 1.5385, 1.5343, 1.5295

USD/JPY

Hit a fresh yearly low at 82.86 today, before surging higher in correction. Market is currently attempting at 85.21, key near-term resistance, break of which would delay bears in favor of stronger correction, initially towards 85.92/86.39. Failure to break above 85.21, however, would risk a lower top and continuation of the underlying negative trend.

Res: 83.83, 84.17, 84.47, 84.62
Sup: 84.72, 84.47, 84.00, 83.75

USD/CHF

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.

Res: 1.0054, 1.0061, 1.0088, 1.0097
Sup: 0.9932, 0.9916, 0.9900, 0.9870

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:20 GMT)

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 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.

Res: 1.5650, 1.5672, 1.5689, 1.5703
Sup: 1.5575, 1.5510, 1.5480, 1.5447

USD/JPY

Yesterday’s 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.

Res: 85.91, 86.40, 86.89, 86.99
Sup: 85.00, 84.72, 84.47, 84.00

USD/CHF

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.

Res: 1.0047, 1.0061, 1.0088, 1.0097
Sup: 0.9965, 0.9932, 0.9916, 0.9900

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:10 GMT)

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, 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.

Res: 1.5728, 1.5760, 1.5820, 1.5865
Sup: 1.5650, 1.5595, 1.5575, 1.5535

USD/JPY

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’s higher platform at 85.21, to keep immediate bulls in play.

Res: 85.91, 86.40, 86.89, 86.99
Sup: 85.50, 85.21, 85.00, 84.72

USD/CHF

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.

Res: 1.0197, 1.0210, 1.0240, 1.0276
Sup: 1.0137, 1.0110, 1.0060, 1.0050

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:50 GMT)

EUR/USD

Reversal from 1.3156, last Friday’s high, also near 76.4% retracement of 1.3332/1.2586 downleg, warns of pullback towards 1.2955/20 zone, to possibly complete 3-legged swings from 1.2586. Upside, regain of1.3156/86 is needed to firm for return to 1.3332.

Res: 1.3130, 1.3156, 1.3186, 1.3227
Sup: 1.3020, 1.2975, 1.2955, 1.2920

GBP/USD

Last Friday’s upside rejection at 1.5728, 61.8% retracement of 1.5997/1.5295 decline, triggered correction, with 1.5610 seen so far. While above 1.5571, scope remains for further gains within rising hourly channel, and retest of 1.5728. Loss of 1.5571, however, would weaken the near-term tone and open 1.5535 instead.

Res: 1.5728, 1.5760, 1.5820, 1.5865
Sup: 1.5610, 1.5595, 1.5571, 1.5535

USD/JPY

Strong rally off 82.86 yearly low, tested 85.91/92, 19/30 Aug highs, though clear break here is requested to resume gains towards 86.38, 38.2% level. Correction lower is underway, with 85.21 expected to hold, to keep immediate bulls in play, while break here would signal an end of correction from 82.86.

Res: 85.91, 86.38, 86.89, 86.99
Sup: 85.50, 85.21, 85.00, 84.72

USD/CHF

Soared through 1.0050/61 resistance last week, to extend corrective phase off 0.9931. A lower top is now in place at 1.0181, 17 Sep high, near trendline drawn off 1.0625, 12 Aug high. The latest upside rejection at 1.0116 supports return to 0.9997/31.

Res: 1.0116, 1.0149, 1.0181, 1.0197
Sup: 0.9998, 0.9965, 0.9931, 0.9916

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (14:00 GMT)

EUR/USD

Reversal from 1.3156, last Friday’s high, also near 76.4% retracement of 1.3332/1.2586 downleg, warns of pullback towards 1.2955/20 zone, to possibly complete 3-legged swings from 1.2586. Upside, regain of1.3156/86 is needed to firm for return to 1.3332.

Res: 1.3130, 1.3156, 1.3186, 1.3227
Sup: 1.3020, 1.2975, 1.2955, 1.2920

GBP/USD

Reversal off 1.5728 has broken hourly rising channel support at 1.5640, as well as 1.5571 support, turning focus to the downside. First support lies at 1.5535, and potential break here to confirm a lower top and open 1.5449 next. Oversold hourly conditions warn of possible correction, though, regain of 1.5684 is needed for retest of 1.5728.


Res: 1.5610, 1.5684, 1.5728, 1.5760
Sup: 1.5535, 1.5520, 1.5480, 1.5449

USD/JPY

Strong rally off 82.86 yearly low, tested 85.91/92, 19/30 Aug highs, though clear break here is requested to resume gains towards 86.38, 38.2% level. Correction should be contained by 85.21, to keep immediate bulls in play, and attract 85.91/86.40. Loss of 85.21, however, would open way for relapse to 82.86.

Res: 85.91, 86.38, 86.89, 86.99
Sup: 85.50, 85.21, 85.00, 84.72

USD/CHF

Soared through 1.0050/61 resistance last week, to extend corrective phase off 0.9931. A lower top is now in place at 1.0181, 17 Sep high, near trendline drawn off 1.0625, 12 Aug high. The latest upside rejection at 1.0116 supports return to 0.9997/31.

Res: 1.0116, 1.0149, 1.0181, 1.0197
Sup: 0.9998, 0.9965, 0.9931, 0.9916