Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD
Rally from 1.3774, 12 Oct low, stalled at 1.4156 last Friday, ahead of reversal. Over 61.8% of 1.3774/1.4156 upleg has been retraced so far. Near-term studies are now negative, though, holding above 1.3774 keeps short-term bulls in play, with higher low required above the latter, for fresh attempt towards 1.4156.

Res: 1.3936, 1.3991, 1.4008, 1.4046
Sup: 1.3854, 1.3836, 1.3795, 1.3774

GBP/USD
Strong reversal followed last Friday’s spike high at 1.6105. Market is now testing 1.5888, 61.8% of 1.5754/1.6105 ascend, with break here to open way towards 1.5804/1.5793, 13 Oct low/trendline connecting 1.5668/1.5754 key supports, next. Higher low above 1.5754, however, would keep short-term bulls for fresh strength, while loss here would signal further weakness towards 1.5668.

Res: 1.5950, 1.6002, 1.6032, 1.6057
Sup: 1.5888, 1.5870, 1.5804, 1.5793

USD/JPY
Undergoes near-term consolidation above 80.88, 14/15 Oct yearly lows, ahead of possible fresh weakness to test 79.75, 1995 historical low. Immediate resistance lies at 81.47/66, while regain of 82.00/34 needed to ease bear pressure.

Res: 81.47, 81.66, 81.83, 82.00
Sup: 80.88, 80.50, 80.00, 79.75

USD/CHF
Extended weakness off 0.9726/0.9640 to post fresh low at 0.9461, ahead of bounce. Market has so far tested the first barrier at 0.9640, though regain of 0.9726 is required to open further recovery. Early upside rejection, however, risk fresh weakness at retest of 0.9461.

Res: 0.9640, 0.9726, 0.9661, 0.9700
Sup: 0.9567, 0.9536, 0.9509, 0.9483

 

[WindsorBrokers]

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

EUR/USD
Extended reversal from 1.4156 spike high, after leaving a lower top at 1.4003 and falling through key near-term support at 1.3774. This has completed and hourly head and shoulders pattern, reaching 1.3696 low, ahead of bounce. This is seen corrective while 1.4003 hold, with lower top below here ahead of fresh weakness through 1.3696 towards 1.3636, 05 Oct low, seen as likely scenario.

Res: 1.3830, 1.3883, 1.3957, 1.4003
Sup: 1.3696, 1.3680, 1.3636, 1.3602

GBP/USD
Broke below 1.5754/1.5668 key support levels, as well as testing the trendline off 1.4344, June low, currently at 1.5720, to confirm forming of a top. Market has so far tested 1.5649, with fresh extension towards 1.5610/02, Sep lows/61.8% retracement of 1.5295/1.6105 upleg, now favored. Previous low at 1.5836 should the upside attempts.

Res: 1.5754, 1.5773, 1.5836, 1.5861
Sup: 1.5640, 1.5610, 1.5602, 1.5503

USD/JPY
Corrective/consolidative phase off 80.88 yearly low, failed at 81.91 yesterday, just under one month trendline resistance, ahead of fresh weakness. Break below trendline support at 81.33 now increases risk of retest of 80.88 and fresh weakness. However, higher low above 80.88 would keep hopes of fresh push higher and break through 81.91 to open key near-term resistance at 82.34, 12 Oct high.

Res: 81.66, 81.88, 81.91, 82.34
Sup: 81.12, 80.88, 80.50, 80.00

USD/CHF
Corrective attempt off 0.9461, all-time low, reached 0.9755 high so far, though break above Aug/Oct channel resistance, currently at 0.9800 is required to resume recovery. Correction lower is now under way, with 0.9648/29 offering support, ahead of trendline support at 0.9597. Break here would signal fresh weakness and possible return to 0.9461.

Res: 0.9726, 0.9755, 0.9788, 0.9800
Sup: 0.9658, 0.9648, 0.9629, 0.9597

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:50 GMT)

EUR/USD
Reversal from 1.4156 found support at 1.3696 yesterday, with strong bounce followed by bullish engulfing candle. Market has retraced over 61.8% of 1.4156/1.3696 decline, with the latest break above 1.4003, now confirm underlying bull-trend and looking for test of 1.4156. Downside, 1.3871/22 zone offers support, while loss of 1.3696 would trigger stronger correction.

Res: 1.4093, 1.4121, 1.4156, 1.4195
Sup: 1.3871, 1.3822, 1.3800, 1.3753

GBP/USD
Yesterday’s break below trendline support at 1.5720 has triggered a dip to 1.5649, indicating further weakness. Bounce off 1.5649 retraced 50% of 1.6105/1.5649 downleg, ahead of reversal. However, break below 1.5649 is required to resume decline off 1.6105 and expose 1.5610/02, Sep lows/61.8% retracement of 1.5295/1.6105 upleg, while holding above 1.5649 may signal fresh attempt higher, though break above 1.5877 is needed to sustain gains for test of 1.5941, above which would focus key 1.6105 resistance.

Res: 1.5821, 1.5877, 1.5897, 1.5941
Sup: 1.5726, 1.5700, 1.5680, 1.5649

USD/JPY
Reached a marginal fresh yearly low at 80.83 yesterday, though this area continues to hold. Overnight’s strong rally failed just below 81.91 resistance, keeping the negative structure, with historical low at 79.75 seen as near-term primary target. Sustained break above 81.91 and more important 82.34 resistance, would ease immediate bear pressure and signal stronger correction.

Res: 81.81, 81.91, 82.34, 82.57
Sup: 80.83, 80.50, 80.00, 79.75

USD/CHF
Correction off 0.9461, all-time low, stalled 0.9755 yesterday, just below of 0.9788, 04 Oct high, with strong reversal to 0.9569 followed. Bounce of here needs to clear 0.9679, with break above 0.9755 required to resume corrective phase. Otherwise, loss of 0.9569 would signal a continuation of the underlying bear-trend and expose 0.9461 for retest.


Res: 0.9679, 0.9690, 0.9726, 0.9755
Sup: 0.9569, 0.9555, 0.9539, 0.9483

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:50 GMT)

EUR/USD
Bounce off 1.3696, 20 Oct low, broke above 1.4003, previous high, to retrace 76.4% of 1.4156/1.3696 decline at 1.4050. Reversal from here needs to hold above 1.3871, yesterday’s low, to keep immediate bulls in play for fresh attempt at 1.4156, break of which is needed to resume broader uptrend and expose 1.4195, 25 Jan high. Loss of 1.3871, however, would confirm a lower top at 1.4150 and turn focus to 1.3696.

Res: 1.3990, 1.4003, 1.4050, 1.4093
Sup: 1.3871, 1.3822, 1.3800, 1.3753

GBP/USD
Reversal from 1.6105 reached 1.5649 on 20 Oct, ahead of bounce that retraced 50% of 1.6105/1.5649 downleg, at 1.5877. Rejection here has sparked fresh weakness, confirming lower top, with renewed attempt at 1.5649 under way. Break here is required to resume decline off 1.6105 and expose 1.5610/02, Sep lows/61.8% retracement of 1.5295/1.6105 upleg, while holding above 1.5649 may signal fresh attempt higher. Only regain of 1.5877 would improve the tone for test of 1.5941, above which would focus key 1.6105 resistance.

Res: 1.5749, 1.5826, 1.5848, 1.5877
Sup: 1.5649, 1.5603, 1.5536, 1.5503

USD/JPY
Trades in consolidative mode above 80.88/83 recent lows, and while 81.81/91 holds the upside, immediate risk is seen for fresh push through 80.83 to target 79.75, 1995 historical low, near-term. Only break above 81.91 and key 82.34 resistance would ease immediate bear pressure.

Res: 81.36, 81.81, 81.91, 82.34
Sup: 80.98, 80.83, 80.50, 80.00

USD/CHF
Continues to correct higher off 0.9461, after an upside rejection at 0.9455 dipped to 0.9569 yesterday, ahead of fresh strength that broke above 0.9455 today. Next resistance lies at 0.9787, Trendline off 1.0625, Aug high and 0.9841, 01 Oct high, with break here to ease immediate bear pressure and open way for stronger correction.


Res: 0.9787 0.9845, 0.9883, 0.9898
Sup: 0.9713, 0.9663, 0.9609, 0.9569

 

[WindsorBrokers]

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

EUR/USD
Continues to further retrace the recent 1.4156/1.3696, leaving a higher low at 1.3857 on Friday for fresh push higher. This cleared the previous 1.4050 high, posted on 21 Oct, en-route to 1.4156, 15 Oct peak. Potential break here to open 1.4195, 25 Jan high, next, with possible attempt at key trendline resistance at 1.4550 seen near-term. Downside, 1.3857 is now key support and above here would keep immediate bulls in play.

Res: 1.4093, 1.4121, 1.4156, 1.4195
Sup: 1.3933, 1.3892, 1.3857, 1.3822

GBP/USD
Attempts to form a double bottom at 1.5649/51, as the latest strength broke through trendline resistance, connecting 1.6105 and 1.5877 tops, though regain of 1.5826/77 is required to signal further recovery and resume underlying bull-trend. Early upside rejection and loss of 1.5649, however, would indicate fresh weakness under way and expose 1.5603 next.

Res: 1.5826, 1.5848, 1.5877, 1.5940
Sup: 1.5694, 1.5649, 1.5603, 1.5536

USD/JPY
Broke out of the recent 80.83/81.91 consolidative range, to confirm the bearish structure. Market now looks for test of 80.00, psychological level, ahead of key all-time low at 79.75, posted in Apr 1995. Upside, lower top at 81.49 now caps and only break here to ease immediate bear pressure.

Res: 80.88, 81.12, 81.49, 81.91
Sup: 80.58, 80.00, 79.75, 79.50

USD/CHF
Recovery attempt off 0.9461, 14 Oct all time low, stalled at 0.9803, unable to clearly break trendline resistance, ahead of reversal. This is now approaching 0.9640, the trendline support, drawn off 0.9461, with break lower to signal resumption of underlying bear-trend and expose 0.9609/0.9539, ahead of possible retest of 0.9461.

Res: 0.9751, 0.9781 0.9803, 0.9845
Sup: 0.9640, 0.9609, 0.9569, 0.9539

 

[WindsorBrokers]

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

EUR/USD
Yesterday’s failure at 1.4080 has seen a dip to 1.3907, ahead of fresh attempt higher. Sustained break above 1.4000 is now required to confirm higher low and resume gains towards 1.4080, and eventual attack at 1.4156. Holding below 1.4000, however, would consider deeper correction, with loss of 1.3843, 61.8% of 1.3696/1.4080 to sideline near-term bulls.

Res: 1.3995, 1.4003, 1.4050, 1.4080
Sup: 1.3907, 1.3892, 1.3857, 1.3843

GBP/USD
Remains in a consolidative mode above 1.5649/51 double bottom, with latest break above trendline drawn off 1.5877, increasing hopes of fresh attempt at 1.5877, with break here needed to confirm a base and resume underlying bull-trend. Rejection under 1.5877, however, risks retest of 1.5651/49.

Res: 1.5826, 1.5848, 1.5877, 1.5940
Sup: 1.5716, 1.5694, 1.5649, 1.5603

USD/JPY
Yesterday’s break out of one-week consolidation range has seen a fresh yearly low of 80.40, followed by corrective bounce. This needs to regain minimum 81.49 to ease current bear pressure and allow for stronger correction towards 81.91 and key near-term resistance at 82.34. Rejection under 81.49 risks lower top and continuation of the downtrend, with historical low at 79.75 being in focus.

Res: 81.31, 81.49, 81.91, 82.34
Sup: 80.60, 80.40, 80.00, 79.75

USD/CHF
Continues to correct higher off 0.9461, after last Friday’s upside rejection at 0.9803 found a foothold at 0.9661 yesterday. Fresh gains need to regain 0.9803 to resume correction, while loss of 0.9461/0.9569, trendline support/20 Oct low, would refocus 0.9461.

Res: 0.9757, 0.9781 0.9803, 0.9845
Sup: 0.9695, 0.9661, 0.9609, 0.9569

 

[WindsorBrokers]

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

EUR/USD
Extended decline to 1.3770 so far, following reversal off 1.4080, 25 Oct peak. While 1.3696, 20 Oct low holds, scope remains for a higher low ahead of fresh strength, with regain of minimum 1.3990 required to resume gains for retest of 1.4050/80, and possible final push to 1.4156. Loss of 1.3696, however, would complete a diamond top pattern and trigger fresh weakness towards 1.3636 first.

Res: 1.3877, 1.3907, 1.3980, 1.3990
Sup: 1.3770, 1.3755, 1.3696, 1.3636

GBP/USD
Has failed to sustain gains off 1.5649/51 double bottom, with reversal off yesterday’s 1.5895 high now under way. Higher low above 1.5689 is now required to maintain near-term positive structure and clearance of 1.5895 to expose 1.5940 next. However, the key barrier lies at 1.6105, break of which is needed to resume broader recovery off 1.4230. Downside, loss of 1.5649 weakens the tone.

Res: 1.5844, 1.5863, 1.5877, 1.5895
Sup: 1.5757, 1.5716, 1.5689, 1.5649

USD/JPY
Extends recovery off 80.40, 25 Oct fresh yearly low, with yesterday’s break through channel resistance, accelerating gains through 81.49/89 resistances to test 82.00 level so far. Next key levels lie at 82.34/50, 12 Oct high/38.2% of 85.92/80.40 decline. Corrective pullback should be contained by 81.30, to maintain immediate bulls.

Res: 82.34, 82.50, 82.75, 83.00
Sup: 81.30, 81.19, 80.90, 80.60

USD/CHF
Continues to correct higher off 0.9461, after break above channel resistance extended gains above 0.99 thus far. Next targets lie at 0.9931/63, 14 Sep low/61.8% of 1.0276/0.9461 downleg, with break above the latter to confirms base and extend recovery towards 0.9983/1.0014 next. Overbought hourly conditions, however warn of pullback, with 0.9700 offering key support.


Res: 0.9931, 0.9963, 0.9983, 1.0014
Sup: 0.9821, 0.9803, 0.9785, 0.9743

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (09:20 GMT)

EUR/USD
Today’s upside rejection at 1.3950 and break of triangle support, further weakened the near-term structure, with loss of 1.3850 support, bringing 1.3733 back in focus, as the diamond reversal pattern suggests fresh weakness. Loss of 1.3696, key near-term support would open 1.3636, with return to 1.3500 zone not ruled out. To ease immediate bear pressure, regain of 1.3950 is required, though, only clearance of 1.4080 would re-expose 1.4156, and 1.4195 on a break.


Res: 1.3950, 1.3980, 1.4050, 1.4080
Sup: 1.3796, 1.3762, 1.3733, 1.3696

GBP/USD
Extends correction from 1.5649/51 double bottom after reversal from 1.5895 found support at 1.5729, ahead of fresh push higher. Break above 1.5895 resistance has so far seen 1.5976, with current pullback expected to leave higher low above 1.5865 to keep bulls in play. Clearance of 1.5976 opens way for final push towards key 1.6105 pivot.

Res: 1.5976, 1.6002, 1.6031, 1.6105
Sup: 1.5865, 1.5828, 1.5761, 1.5729

USD/JPY
Failure to sustain recovery above 81.91 and rejection at 81.97 has triggered strong reversal, bringing bears back in play. Market has so far reached 80.53, just above 80.40 annual low, with break here to expose 79.75, all time low, posted in 1995. Corrective attempts seen limited by 81.09 for now and potential break here would provide relief and allow stronger correction towards 81.40/62.

Res: 80.85, 81.09, 81.40, 81.62
Sup: 80.53, 80.40, 80.00, 79.75

USD/CHF
Recovery from 0.9461 low, broke above channel resistance, to extended gains to 0.9927, ahead of reversal. Temporary foothold was found at 0.9802, with upside break of 0.9927 needed to resume recovery. Otherwise, risk would be for retest of 0.9802 and below here to target 0.9765 channel support


Res: 0.9927, 0.9963, 0.9983, 1.0014
Sup: 0.9836, 0.9802, 0.9765, 0.9743

 

[WindsorBrokers]

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

EUR/USD
Extends the near-term uptrend from 1.3733, after an upside rejection at 1.3950 found support at 1.3806 on Friday, ahead of fresh strength. Clearance of 1.3950 has so far tested 1.4010, trendline resistance connecting 1.4156/1.4080. Break here is needed to resume recovery towards 1.4080 and possible retest of key near-term resistance at 1.4156, break of which will signal a continuation of broader bull-trend and expose 1.4195 next. Downside, 1.3806/1.3796 zone underpins the advance.

Res: 1.4010, 1.4050, 1.4080, 1.4156
Sup: 1.3892, 1.3871, 1.3842, 1.3806

GBP/USD
Extends the latest strength from 1.5649/51, en-route to key near-term resistance at 1.6105. Sustained break here would signal resumption of the uptrend from 1.4230 and open 1.6177, then 1.6285, 29/22 Jan highs. Meantime, correction before final push higher, is likely, with 1.5895/1.5876 expected to hold, and only loss of the latter to delay bulls and re-open 1.5650.

Res: 1.6105, 1.6177, 1.6230, 1.6285
Sup: 1.5989, 1.5976, 1.5952, 1.5895

USD/JPY
Returns to weakness after today’s rejection at spike high at 81.59. This marked a lower top under 81.97, with sharp reversal followed. Loss of fresh yearly low at 80.24 will focus 79.75 historical low of 1995, next. Upside, only regain of 81.97 would provide relief.

Res: 81.13, 81.59, 81.69, 81.97
Sup: 80.24. 80.00, 79.75, 79.50

USD/CHF
Remains in a consolidative mode after recovery off 0.9461 stalled at 0.9927. Market now trades within 0.9802/0.9927 range, with increased risk of break under 0.9802 to signal an end of the recovery phase. Holding above 0.9802, however, keeps focus higher and potential break through 0.9927 to expose 0.9983 and indicate break above 1.0000.


Res: 0.9908, 0.9927, 0.9963, 0.9983
Sup: 0.9802, 0.9765, 0.9743, 0.9704

 

[WindsorBrokers]

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

EUR/USD
Maintains positive near-term tone after yesterday’s upside rejection at 1.4010 found support at 1.3863. Fresh strength looks for test of 1.4000/10, trendline resistance/previous high, break of which would open 1.4080 and eventual attempt at key 1.4156, 15 Oct high.
Initial support lies at 1.3885, trendline support, and 1.3863, while loss of 1.3806 turns bearish.

Res: 1.4000, 1.4010, 1.4050, 1.4080
Sup: 1.3885, 1.3863, 1.3842, 1.3806

GBP/USD

Extends the latest strength from 1.5649/51 double bottom, to reach 1.6088, just below key near-term resistance at 1.6105. Sustained break here would signal resumption of the uptrend from 1.4230 and open 1.6177, then 1.6285, 29/22 Jan highs. Correction should be contained by 1.5895/1.5876 zone.

Res: 1.6088, 1.6105, 1.6177, 1.6230
Sup: 1.6006, 1.5989, 1.5976, 1.5952

USD/JPY
Trades in a narrow range above fresh annual at 80.24, after an upside rejection left a lower top at 81.59 yesterday. Further consolidation/correction is not ruled out, before next attempt lower, and below 80.24 to focus 79.75, 1995 extreme low. 80.78/85 offers immediate resistance, while regain of 81.59 would ease bear pressure.

Res: 80.85, 81.13, 81.59, 81.69
Sup: 80.45, 80.24. 80.00, 79.75

USD/CHF
Extended gains off 0.9461 after completion of bull flag broke above 0.9927 previous high, to reach 0.9969 so far. Reversal is under way and seen corrective while 0.9811 holds, and higher low above here to signal fresh strength. Loss of 0.9811/02, however, would signal stronger correction.

Res: 0.9908, 0.9927, 0.9969, 0.9983
Sup: 0.9811, 0.9802, 0.9765, 0.9743

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (09:20 GMT)

EUR/USD
Struggles to sustain gains after yesterday’s break through 1.4000 trendline resistance, with market being short just under 1.4080 resistance. Break here is required to resume the latest bull-leg from 1.3733 and expose key near-term resistance at 1.4165. Yesterday’s intraday low at 1.3947 is expected to contain corrective dips, while 1.3863 marks key near-term support.

Res: 1.4057, 1.4080, 1.4161, 1.4180
Sup: 1.3990, 1.3947, 1.3922, 1.3863

GBP/USD
Trading in a narrow range after yesterday’s rejection under key 1.6105 found support at 1.5960. Clearance of 1.6105 is required to continue the short-term recovery from 1.4230 and expose 1.6275 and then 1.6320, trendline resistance drawn off 1.704, Aug 2009 yearly high. Repeated failure to break 1.6105 would signal stronger correction, with 1.5895/75 seen as key support.

Res: 1.6079, 1.6088, 1.6105, 1.6177
Sup: 1.5960, 1.5920, 1.5895, 1.5875

USD/JPY
Trades in a narrow range above fresh annual at 80.24, after yesterday’s upside rejection left a lower top at 80.95. However, bears remain in play while 81.59 resistance holds, and fresh attempt lower targets 80.24/00 to focus 79.75, 1995 extreme low.

Res: 80.95, 81.13, 81.59, 81.69
Sup: 80.45, 80.24. 80.00, 79.75

USD/CHF
Reversal from 0.9969, 01 Nov high, broke below key support area at 0.9811/02, to reach 0.9756 and suggest possible end of the corrective phase off 0.9461, 14 Oct low. Further weakness is seen towards 0.9715, 50% of 0.9461/0.9969 upleg, and 0.9661, 25 Oct low. Only break above 0.9900/08 would provide relief.

Res: 0.9865, 0.9908, 0.9927, 0.9969
Sup: 0.9756, 0.9743, 0.9715, 0.9661

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (09:20 GMT)

EUR/USD
Yesterday’s break of two week triangle has triggered a fresh thrust to clear 1.4156 barrier, and extend gains above 1.42. This now exposes 1.4250, January highs, ahead of 1.4373, 76.4% of 1.5144/1.1875 downleg. Key near-term support at 1.3990.

Res: 1.4220, 1.4260, 1.4295, 1.4373
Sup: 1.4101, 1.4057, 1.3990, 1.3947

GBP/USD
Clearance of 1.6105 now opens a fresh upleg, extending the recovery phase off 1.4230 and expose 1.6275, Jan high and then 1.6320, trendline resistance drawn off 1.7041, Aug 2009 yearly high. Correction may precede next push higher, with 1.6031 expected to contain.

Res: 1.6245, 1.6275, 1.6285, 1.6320
Sup: 1.6074, 1.6058, 1.6031, 1.6005

USD/JPY
Maintains negative tone as recovery attempts off 80.24 low failed twice at 81.59. While the latter and 81.97 cap, immediate risk is seen for attempt through 80.24 to open 80.00 and 79.75 historical low.

Res: 81.21, 81.59, 81.79, 81.97
Sup: 80.59, 80.45, 80.24, 80.00

USD/CHF
Breaks below 0.9700 and 0.9656, previous higher platform/61.8% reversal, confirms the end of recovery phase off 0.9461 and resumes the underlying bear-trend. This now opens 0.9609 and 0.9539, ahead of final push to retest key near-term support at 0.9461.

Res: 0.9735, 0.9768, 0.9822, 0.9865
Sup: 0.9609, 0.9575, 0.9539, 0.9461

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (09:20 GMT)

EUR/USD
Extended gains through 1.4250 to reach 1.4280 so far, ahead of correction. Near-term studies remain supportive for fresh attempt higher, and through 1.4280 to target 1.4373 Fibonacci level. Downside, 1.4160/00 underpin the advance, while 1.3990 remains key support.

Res: 1.4248, 1.4280, 1.4295, 1.4373
Sup: 1.4160, 1.4101, 1.4057, 1.3990

GBP/USD
The latest rally tested 1.63 zone, just under key trendline resistance at 1.6313. Positive near-term studies and recent break through 1.6105, keep the focus higher. Clearance of 1.6313 to open 1.6459, 2010 high, posted 19 Jan. 1.6137/1.6088 zone is expected to hold dips, while break lower would delay bulls.

Res: 1.6297, 1.6313, 1.6395, 1.6459
Sup: 1.3137, 1.3088, 1.6031, 1.6007

USD/JPY
Maintains negative tone as recovery attempts from 80.24 low failed at 81.59. The latter is expected to cap for now, with immediate risk is seen for break through 80.57, yesterday’s higher platform to target 80.24, and below here to open 79.75 historical low.

Res: 80.98, 81.21, 81.59, 81.79
Sup: 80.57, 80.45, 80.24, 80.00

USD/CHF
Break below 0.9700 and 0.9656, previous higher platform/61.8% reversal, confirms the end of recovery phase off 0.9461 and resumes the underlying bear-trend. Market has for reached 0.9552, just ahead of 0.9539, 18 Oct low, break of which would open way for final push to retest key near-term support at 0.9461. Upside, 0.9693/0.9734 expected to cap.

Res: 0.9661, 0.9693, 0.9734, 0.9768
Sup: 0.9552, 0.9539, 0.9461, 0.9400

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (10:20 GMT)

EUR/USD
Keeps the focus lower, following reversal from 1.4280, with losses reaching 1.3822 thus far. Trendline support, currently at 1.3793, is seen first, ahead of 1.3733, 27 Oct higher low and key near-term support at 1.3696. Loss of the latter would confirm top and suggest stronger correction. Upside, 1.3990/1.4020 zone is expected to cap, while regain of 1.4085 needed to ease bear pressure.

Res: 1.3949, 1.3976, 1.4083, 1.4185
Sup: 1.3807, 1.3793, 1.3762, 1.3733

GBP/USD
Currently trading within a narrow range after today’s rejection above yesterday’s 1.6065 low. 1.6165 limits the upside for now, with break here needed to trigger recovery and expose 1.6259, ahead of potential retest of key 1.6297/1.6321, 04 Nov high/trendline resistance. Loss of 1.6065, however, would signal further decline and open 1.6052 Fibonacci level and 1.6031/05 lows.

Res: 1.6165,1.6207, 1.6259, 1.6297
Sup:1.6065, 1.6031, 1.6005, 1.5960

USD/JPY
Corrective/consolidative phase off 80.24, fresh yearly low, remains capped by 81.59/57, as the latest attempt higher failed at 81.46. Higher platform at 80.57 supports for now, with break through 81.59 and 81.97, 27 Oct high, needed to extend recovery. However, underlying bear trend favors lower top, ahead of fresh weakness through 80.57/24, to expose key long-term support and historical low of 79.75.

Res: 81.24, 81.46, 81.59, 81.97
Sup: 80.57, 80.45, 80.24, 79.75

USD/CHF
Recovery off 0.9461, 14 Oct annual low, stalled at 0.9969, just under 60 day MA, ahead of strong reversal, with 0.9546 low seen so far, near 76.4% retracement of 0.9461/0.9969 upleg. Recovery attempt is so far limited by 0.9680, with fresh weakness looking for test of 0.9546, break of which would open 0.9483/61 next.

Res: 0.9680, 0.9693, 0.9735, 0.9768
Sup: 0.9600, 0.9546, 0.9483, 0.9461

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (10:45 GMT)

EUR/USD

Extends recent downtrend from 1.4280 after yesterday’s break through trendline support at 1.3796 posted fresh monthly low at 1.3733, also 27 Oct higher low. Further weakness remains favored, with clearance of key near-term support at 1.3696 to risk fresh extension lower and target 1.3500 short-term. Yesterday’s lower top at 1.3972 is expected to cap corrective attempts, to keep immediate bears in play.

Res: 1.3836, 1.3876, 1.3914, 1.3952
Sup: 1.3733, 1.3696, 1.3680, 1.3636

GBP/USD
Yesterday’s failure at 1.6180 has triggered fresh weakness, with break below 1.6000 to open way for further correction and target 1.5898, 61.8% of 1.5651/1.6297 ascend, then 1.5876, 29 Oct low, and 1.5795, trendline support. Only break above 1.6180 would ease bear pressure.

Res: 1.6041, 1.6071, 1.6143, 1.6165
Sup: 1.5951, 1.5898, 1.5876, 1.5795

USD/JPY
Found the footstep at 80.52 yesterday, ahead of sharp rally. Break above 81.46/59 resistance zone is now attempting at 81.97, near-term range ceiling, break of which is needed to signal further recovery and open 82.34/40, 12 Oct high/38.2% of 85.92/80.24 decline. Downside, loss of 81.05 to turn focus back to 80.52/.24.

Res: 81.97, 82.13, 82.34, 82.40
Sup: 81.46, 81.05, 80.52, 80.24

USD/CHF
Pullback from 0.9680, found support at 0.9585, ahead of fresh strength. Break through 0.9680/93 resistance has so far reached 0.9726, just ahead of 0.9735, break of which is needed to resume recovery, otherwise, lower top and fresh weakness towards 0.9585 and 0.9546 would be favored.


Res: 0.9726, 0.9735, 0.9768, 0.9800
Sup: 0.9675, 0.9626, 0.9604, 0.9585

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (10:25 GMT)

EUR/USD
Break below 1.3696 support suggests fresh weakness, as corrective attempt off yesterday’s one month low of 1.3670 remain so far capped by 1.3820. Below 1.3670, immediate target lies at 1.3636, with possible extension to 1.3362, 38.2%, seen near-term. However, further correction is not ruled out, as hourly studies approach oversold zone, though lower top under 1.3972 is likely.

Res: 1.3823, 1.3854, 1.3876, 1.3914
Sup: 1.3714, 1.3670, 1.3636, 1.3620

GBP/USD
Reversal from 1.6180 found temporary support at 1.5950 yesterday, followed by a bounce. This is seen corrective, while 1.6180 caps, and only break here to resume the uptrend. Rejection below the latter would signal a lower top and fresh weakness.

Res: 1.6183, 1.6211, 1.6234, 1.6259
Sup: 1.6067, 1.6015, 1.5951, 1.5898

USD/JPY
Yesterday’s break above rising channel off 80.24 suggests further gains, with 82.78 seen so far. Break here would open 83.07 and then 83.73, 50%/61.8% of 85.89/80.24 downleg.
82.00/81.95 offer initial support, while break of 81.50 would delay.

Res: 82.78, 83.07, 83.83, 83.98
Sup: 81.95, 81.50, 81.25, 81.05

USD/CHF
Continues to further retrace the recent 0.9969/0.9546 downleg, as 0.9585 higher low supports the advance, with 0.9765, 50% retracement seen so far. Gains above 0.9765 to expose 0.9806, 61.8% next, where a lower top is expected to form, ahead of fresh weakness. Clearance of 0.9806/20, however, would focus 0.9969.


Res: 0.9765, 0.9806, 0.9820, 0.9903
Sup: 0.9668, 0.9626, 0.9604, 0.9585

 

[WindsorBrokers]

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

EUR/USD
Break through 1.3696/36 key near-term supports and reversal of more than 38.2% of 1.2586/1.4280 upleg, now increases risk of further weakness. Hourly studies are negative but oversold, with correction on oversold conditions developing. 1.3820 is expected to cap for now. Below today's low at 1.3572, to open 1.3504, possibly 1.3434, 61.8% retracement.

Res: 1.3823, 1.3854, 1.3876, 1.3914
Sup: 1.3714, 1.3670, 1.3636, 1.3620

GBP/USD
Recovery attempt from 1.5951 stalled at 1.6180, leaving a lower top, ahead of fresh decline. Current attempt through 1.6010, trendline support, would turn immediate focus on 1.5951, break of which would expose 1.5897, 61.8% retracement of 1.5651/1.6180 upleg. Rejection above 1.5951, however, would keep hope of fresh strength, though clearance of 1.6148/80 is required to confirm.

Res: 1.6080, 1.6100, 1.6132, 1.6148
Sup: 1.5974, 1.5960, 1.5951, 1.5898

USD/JPY
Eases back after the latest strength off 80.52 stalled at 82.78. This is seen corrective while 81.54 holds, with higher low expected to precede fresh push higher. Clearance 82.79 is needed to resume recovery phase from 80.24/52 and open 83.06/73, 61.8% of 85.89/80.24 downleg. Loss of 81.55, however, would weaken the structure.

Res: 82.78, 83.06, 83.73, 83.98
Sup: 81.50, 81.25, 81.05, 80.52

USD/CHF
Continues to further retrace the recent 0.9969/0.9546 downleg, as 0.9640/68, trendline support/ higher low, supports the advance. Break above 0.9785 to expose 0.9806, 61.8% next, where a lower top may emerge, ahead of fresh weakness. Above0.9806/20, however, would focus 0.9969.


Res: 0.9785, 0.9806, 0.9820, 0.9903
Sup: 0.9668, 0.9626, 0.9604, 0.9585

 

[WindsorBrokers]

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

EUR/USD
Fall from 1.4280 has so far retraced over 38.2% of 1.2643/1.4280 upleg at 1.3572, just above 1.3553, 55 day MA, where a temporary support was found. Bounce higher is for now limited by 1.3748/75 and break here to signal fresh recovery. However, further consolidation within 1.3572/1.3775 is not ruled out, ahead of renewed weakness, as short term outlook remains bearish. Downside loss of 1.3572 would open 1.3388/64.

Res: 1.3685, 1.3748, 1.3775, 1.3823
Sup: 1.3592, 1.3572, 1.3553, 1.3505

GBP/USD
Recovery off 1.5951 remains intact while 1.5985 higher low holds. However, break through 1.6178/83 lower ceiling is required to signal fresh gains and open 1.6297/1.6311, 04 Nov high/trendline resistance. Loss of 1.5985 delays immediate bulls, while below 1.5951 would allow for stronger correction and expose 1.5897, 61.8% of 1.5651/1.6297 upleg.

Res: 1.6153, 1.6183, 1.6297, 1.6311
Sup: 1.6025, 1.5985, 1.5951, 1.5897

USD/JPY
Extends recovery from 80.52, after reversal from 82.79 left a higher low at 81.64, with fresh strength now approaching 83.08, 50% retracement of 85.92/80.24 decline. Near term studies remain supportive and break above the latter to focus 83.74/97, 61.8%/05 Oct high. Downside, 81.64 offers key near term support and expected to contain corrective dips.

Res: 83.08, 83.74, 83.97, 84.08
Sup: 82.32, 81.97, 81.64, 81.50

USD/CHF
Broke above 0.9822, 03 Nov previous high, to extend recovery off 0.9546 to 0.9861, retracing nearly 76.4% of 0.9969/0.9546 decline. Hourly studies are still supportive and further stretch into 0.9900 zone is likely if 0.9868/80, 76.4%/60 day MA is cleared. Downside, 0.9668/55 is expected to hold dips.


Res: 0.9868, 0.9880, 0.9903, 0.9969
Sup: 0.9761, 0.9721, 0.9668, 0.9655

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (10:00 GMT)

EUR/USD

Has further extended weakness off 1.4280 peak, to probe 50% retracement of 1.2643/1.4280 upleg, reaching 1.3446 so far. Break below 60 day MA at 1.3477 confirms negative short term outlook and favors further weakness towards 1.3380, possibly 1.3272, 61.8% level, on a break. Pullback should be limited by 1.3640/65 zone and potential break here to signal recovery, though, clearance of 1.3800 is needed to confirm.

Res: 1.3570, 1.3640, 1.3665, 1.3685
Sup: 1.3446, 1.3400, 1.3380, 1.3332

GBP/USD
Failure to break above 1.6180 has left a lower top ahead of fresh weakness. Break through 1.5951, previous low, has cleared 1.5899, 61.8% of 1.5651/1.6180 upleg, to reach 1.5838 low so far. Negative hourly studies see scope for further decline towards 1.5804, 76.4% retracement, with possible return to 1.5651 higher base. Corrective pullbacks on oversold conditions are for now seen limited by 1.5985.

Res: 1.5951, 1.5985, 1.6025, 1.6050
Sup: 1.5838, 1.5804, 1.5761, 1.5729

USD/JPY
Succession of fresh highs on recovery from 80.24 base, and break through 82.97, 60 day MA, sees scope for further gains. Next targets lay at 83.73/97, 61.8% of 85.92/80.24 decline/05 Nov high, while 82.70 underpins the advance.

Res: 83.58, 83.73, 83.97, 84.08
Sup: 83.00, 82.83, 82.70, 82.32

USD/CHF
Strong rally emerged from narrow consolidation on 15/16 Nov, briefly broke above 0.9969, 01 Nov previous high, setting scope for fresh gains towards 1.0044, 50% retracement of 1.0625/0.9461 downleg. Corrective pullbacks on overbought conditions should be limited by 0.9869/27, to keep immediate bulls in play.


Res: 0.9974, 1.0015, 1.0044, 1.0075
Sup: 0.9869, 0.9827, 0.9795, 0.9761

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (10:00 GMT)

EUR/USD
Bounces off 1.3446 low, after retracing 50% of 1.2643/1.4280 upleg. Immediate resistance at 1.3654 has been tripped, with 1.3763/75, 38.2% retracement of 1.4280/1.3446 / 12 Nov high, along with 1.3836, 20 day MA, expected to limit correction, ahead of fresh weakness. Loss of 1.3446 would attract fresh losses and expose 1.3380/32 next. However, break above 1.3836 would signal the end of the near-term corrective phase.

Res: 1.3666, 1.3685, 1.3750, 1.3763
Sup: 1.3574, 1.3512, 1.3446, 1.3380

GBP/USD
Correction of the latest 1.6183/1.5838 decline attempts through 1.5950/85, recent range bottom, and 1.5994, 20 day MA, to open way for stronger reversal. However, negative tone will dominate as long as 1.6183 remains intact and rejection below here would signal lower top and fresh weakness, with break below 1.5838 needed to continue the near-term downtrend from 1.6296/1.6183.

Res: 1.5985, 1.5994, 1.6025, 1.6050
Sup: 1.5885, 1.5838, 1.5804, 1.5761

USD/JPY
Maintains positive tone off 80.24 yearly low, after break through 82.20, descending channel off 94.97 and 60 day MA at 83.00. Market has so far reached 83.58, just under 83.70, 23.6% retracement of 94.97/83.24 downleg, with minor consolidation under way. While 83.00/82.70 zone holds, immediate scope is seen for fresh push higher and above 84.58 to target 83.85/97. Loss of 82.70, however, would allow stronger correction, with 81.68/64, 20 day MA / 12 Nov low, expected to contain dips, to keep near-term bulls in play.

Res: 83.58, 83.70, 83.85, 83.97
Sup: 83.00, 82.83, 82.70, 82.32

USD/CHF
The recent strength off 0.9546 higher low, stalled at 0.9974, just under psychological parity level, also 23.6% retracement of 1.1730/0.9461 downmove, ahead of pullback. Near-term outlook sees risk for further reversal, as first support at 0.9880 has been tripped, with higher low above 0.9760 needed to keep immediate bulls in play. Upside clearance of 0.9974/1.0000 would spark fresh strength, with 1.0044, 50% retracement of 1.0625/0.9461 downleg, possibly 1.0183, 17 Sep high/61.8% retracement.


Res: 0.9974, 1.0000, 1.0044, 1.0075
Sup: 0.9827, 0.9795, 0.9760, 0.9721