Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD
Retraces over 38.2% of the latest1.4280/1.3446 downleg, also briefly breaking through 1.3775, 12 Nov high. Near-term studies remain supportive for further upside, with 1.3820/30 zone seen next, ahead of 1.3862, 50% retracement, and 1.3960/72, 61.8%/09 Nov high, where a lower top is expected, before fresh weakness. Loss of 1.3446 to trigger stronger correction, though, short-term bulls would remain intact while trendline off 1.1875 at 1.3204 and 200 day MA at 1.3137 hold.

Res: 1.3784, 1.3830, 1.3862, 1.3960
Sup: 1.3722, 1.3706, 1.3629, 1.3607

GBP/USD
Maintains near-term uptrend off 1.5838, after an upside failure at 1.6093 and sharp reversal that followed, found support at 1.5934, ahead of fresh strength. Immediate resistance now lies at 1.6065/93, main trendline off 1.6297/previous peak, break of which is required to continue recovery and expose 1.6185. Break here is needed to open way for retest of 16297, 2010 high, while failure risks return to weakness and exposes 1.5845 first and then key supports at 1.5878/38, trendline off 1.5295/16 Nov higher low.

Res: 1.6093, 1.6123, 1.6152, 1.6185
Sup: 1.5945, 1.5934, 1.5878, 1.5838

USD/JPY
Recovery from 80.24 has so far retraced 61.8% of 85.92/80.24 downleg, followed by current narrow consolidation. The recent break above key trendline resistance and 60 day MA, sees scope for fresh strength and above 83.77 to expose 83.97, then 85.38/92. Corrective dips should be contained by 81.94/64, 20 day MA/12 Nov low, to keep immediate bulls in play.

Res: 83.55, 83.70, 83.97, 85.38
Sup: 83.00, 82.83, 82.70, 82.32

USD/CHF
Undergoes near-term consolidation/correction following recent double failure just under parity level, also 23.6% retracement of 1.1730/0.9461 downmove. Immediate support lies at 0.9853, the recent range bottom, with possible extension to 0.9827/0.9775, where a higher low is anticipated, ahead of fresh push higher. Break through 1.0000 to expose 1.0044, 50% retracement of 1.0625/0.9461 downleg, possibly 1.0183, 17 Sep high/61.8% retracement. Downside, loss of 0.9720, 61.8%, 0.9546/0.9996 upleg, however, weakens the structure.


Res: 0.9974, 1.0000, 1.0044, 1.0075
Sup: 0.9853, 0.9824, 0.9795, 0.9775

 

[WindsorBrokers]

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

EUR/USD
Failure to break above 38.2% of 1.4280/1.3446 decline has triggered sharp reversal through 60 day MA at 1.3553, to 1.3525, 76.4% retracement of 1.3446/1.3784 upleg. This now increases risk of return to 1.3446, break of which would confirm lower top and signal fresh weakness towards 1.3381/32, possibly the main trendline support at 1.3210. However, fresh strength above 1.3446 would suggest higher low, but regain of 1.3784 is needed to resume near-term recovery.

Res: 1.3632, 1.3661, 1.3709, 1.3784
Sup: 1.3525, 1.3459, 1.3446, 1.3381

GBP/USD
Undergoes near-term consolidation following the double upside failure near 1.61 level. Hourly structure is negative, though, holding above 1.5885/38, trendline support off 1.5295/16 Nov low, keeps retest of 1.6083/93 peaks in play, with sustained break here needed to continue recovery from 1.5838 and expose 1.6120, 61.8% of 1.6297/1.5838 decline. Loss of 1.5838 would open way for further retracement of 1.5651/1.6297 ascend and open 1.5805, 76.4%, next.

Res: 1.5965, 1.6013, 1.6083, 1.6093
Sup: 1.5890, 1.5866, 1.5838, 1.5805

USD/JPY
Attempts to break above the recent 83.00/77 consolidation range, to continue short-term recovery off 80.24, 01 Nov annual low. Sustained break above 83.74/77 is required to open 84.56, 76.4%, ahead of 85.38, 24 Sep peak, and possible retest of 85.92, 17 Sep lower high. Downside, loss of 83.00, would allow stronger pullback into 82.00 support zone.

Res: 83.83, 83.97, 84.56, 85.38
Sup: 83.20, 83.00, 82.79, 82.32

USD/CHF
Trades within consolidative range, following the recent failure to break above psychological 1.00 level. 0.9853/40, range bottom/60 day MA, offer immediate support, ahead of 0.9824/0.9770, 38.2%/50% of 0.9546/0.9996 upleg, before leaving a higher low for fresh attempt higher. Loss of 0.9718, 61.8%, would increase risk of return back to 0.9546, 05 Nov higher low.

Res: 0.9974, 1.0000, 1.0044, 1.0075
Sup: 0.9853, 0.9824, 0.9770, 0.9718

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (09:50 GMT)

EUR/USD
Reversal from 1.3784 broke below 1.3446 previous low, to test 1.3334/32, 90 day MA / 06 Aug peak, with scope for further weakness towards 1.3230, 61.8% retracement of 1.2586/1.4280 / main trendline off 1.1875, and 1.3134, 200 day MA. Higher low is anticipated at this zone in order to keep bulls off 1.1875 in play, otherwise stronger correction towards 1.30 would be likely.

Res: 1.3417, 1.3443, 1.3459, 1.3525
Sup: 1.3230, 1.3134, 1.3027, 1.2920

GBP/USD
Extends reversal following an upside rejection at 1.61, with loss of 1.5838 previous low, sparking a fresh weakness to just above 1.5737, 90- day MA. Further downside looks for 1.5649 higher platform, then 1.5509, 50% retracement of 1.4230/1.6297 ascend. Upside is seen capped by 1.5837/97, while regain of 1.5950 needed to provide relief.

Res: 1.5837, 1.5897, 1.5934, 1.5965
Sup: 1.5729, 1.5689, 1.5649, 1.5509

USD/JPY
Break below the recent consolidative range turns focus downside. Immediate support lies at 82.82/72, 60-day MA / yesterday’s low, and break here to open way for further correction towards 82.46/04, 38.2% / 50% of 80.24/83.83 upleg. To avoid immediate downside risk, 83.35/60 must be regained.

Res: 83.35, 83.60, 83.83, 83.97
Sup: 82.79, 82.46, 82.04, 81.63

USD/CHF
Turns the focus higher towards the recent range’s upper boundary, after 0.9850 support contained the latest attempts lower. This now underpins the advance, along with 0.9837, 60 day MA, with break above parity level required to resume bulls off 0.9546 higher low. Upside targets lay at 1.0044/1.0183, 50%/61.8% retracement of 1.0638/0.9461 decline. Loss of 0.9849, however, would weaken the near-term structure.


Res: 1.0000, 1.0044, 1.0075, 1.0183
Sup: 0.9930, 0.9908, 0.9871, 0.9849

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (10:50 GMT)

EUR/USD
Continues to trend lower off 1.4280 peak, extending losses to 1.3283, ahead of key 1.3263, trendline support and 1.3230, 61.8% of 1.2576/1.4280. Next comes 200 day MA at 1.3233. Corrective attempts are seen capped by 1.3420/46, and only break here to ease bear pressure.

Res: 1.3360, 1.3420, 1.3446, 1.3507
Sup: 1.3283, 1.3263, 1.3230, 1.3133

GBP/USD
Dipped to 1.5740 to test 90 day MA, currently at 1.5749, ahead of recovery attempt. This is seen corrective, with lower top ahead of fresh weakness, favored for now. Break below 1.5740 to target 1.5649, key near-term support. Upside, regain of 1.5950/65 would ease bear pressure and re-expose 1.61 zone.

Res: 1.5837, 1.5897, 1.5934, 1.5965
Sup: 1.5740, 1.5729, 1.5689, 1.5649

USD/JPY
Corrected lower after hitting 83.83 high, to find support at 82.72, ahead of fresh strength. The focus is now at the recent consolidative range ceiling at 83.77/83, break of which is required to resume short-term recovery off 80.24.

Res: 83.77, 83.83, 83.97, 84.35
Sup: 83.17, 82.92, 82.72, 82.46

USD/CHF
The latest strength from 0.9847 finally broke above 1.0000, the recent consolidative band, to suggest further gains towards 1.0044, 50% of 1.0638/0.9461 downleg initially, with possible extension to 1.0183, 61.8%, on a break. Downside, 0.9942 offers immediate support, while loss of 0.9847 weakens the structure.


Res: 1.0044, 1.0075, 1.0116, 1.0183
Sup: 0.9942, 0.9930, 0.9908, 0.9871

 

[WindsorBrokers]

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

EUR/USD
Fresh weakness under previous low at 1.3383 probes through trendline support, connecting 1.1875/1.2643 low. Break here will focus 61.8% retracement of 1.2586/1.4280 at 1.3234 and key 200 days MA, currently at 1.3131. Overextended hourly conditions suggest correction, with 1.3386 expected to cap.

Res: 1.3283, 1.3360, 1.3386, 1.3420
Sup: 1.3185, 1.3133, 1.3160, 1.3131

GBP/USD
Extends decline from 1.6093/83 lower tops, testing 1.5677, 61.8% of 1.5295/1.6297 upleg, with break here to focus key short term support at 1.5649. Potential corrective attempts are seen limited by 1.59 zone.

Res: 1.5793, 1.5836, 1.5873, 1.5900
Sup: 1.5649, 1.5602, 1.5536, 1.5500

USD/JPY
Maintains positive tone from 80.24, yearly low, with the latest strength off 82.72 higher low, breaking through 83.83, range ceiling and opening way for further gains towards 84.35 next. Immediate support lies at 83.51/18, while only loss of 82.72 would weaken the structure.

Res: 83.97, 84.35, 84.58, 85.35
Sup: 83.51, 83.33, 83.18, 82.92

USD/CHF
The latest strength from 0.9847/96 cleared 1.0000, consolidative range upper limit, to open way for fresh gains towards 1.0044, 50% of 1.0638/0.9461 downleg initially, with possible extension to 1.0183, 61.8%, on a break. Downside, 0.9982/72 offers immediate support, while loss of 0.9847 delays.


Res: 1.0044, 1.0075, 1.0116, 1.0183
Sup: 0.9972, 0.9942, 0.9930, 0.9896

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (12:00 GMT)

EUR/USD
Extends decline from 1.3784 lower high, breaking through 200 day MA at 1.3131 and 76.4% retracement of 1.2586/1.4280 ascend at 1.2987. The latest probe through the descending channel support at 1.3031 and break of 1.30 psychological support, brings 1.2633/1.2586 into focus. Oversold conditions suggest a bounce, with 1.3150 capping for now.

Res: 1.3060, 1.3150, 1.3181, 1.3200
Sup: 1.2920., 1.2828, 1.2761, 1.2633

GBP/USD
Accelerated losses after loss of 1.5649 previous low, with break below 200 day MA at 1.5581, now looking for test of main trendline support, drawn off 1.4230. Possible recovery above here is seen corrective, with 1.5649 limiting the upside, while break below key support at 1.5295 would weaken the structure.

Res: 1.5576, 1.5598, 1.5649, 1.5705
Sup: 1.5500, 1.5475, 1.5448, 1.5344

USD/JPY
Rejection at 84.39, fresh high, has seen a sharp reversal that probes below 83.81/75 former low/38.2% of 82.70/84.39 ascend, with 83.70 seen so far, just ahead of next support at 83.64. Sustained break lower would signal further correction towards 83.55/36 initially, break of which would open 82.70 for retest. Early downside rejection may, however, turn focus back to 84.39.

Res: 84.10, 84.39, 84.58, 85.35
Sup: 83.64, 83.55, 83.36, 83.18

USD/CHF
The latest strength from 0.9847/96 cleared 1.0000, to exceed the target at 1.0044, 50% of 1.0638/0.9461 downleg, with subsequent reversal expected to hold above 0.9896, to keep immediate bulls in play. Otherwise, fresh corrective phase may be the likely scenario, with 0.9847 seen next. Above 1.0052, however, to focus 1.0116.


Res: 1.0021, 1.0044, 1.0075, 1.0116
Sup: 0.9896, 0.9875, 0.9847, 0.9795

 

[WindsorBrokers]

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

EUR/USD
Break through 1.30 psychological support has so far reached 1.2968, ahead of bounce. This is seen corrective while 1.3149 caps, with lower top expected below here to keep immediate bears in play. Below 1.2968 to expose 1.2916, 06 Sep high, then 1.2791, 61.8% retracement of 1.1875/1.4280 upleg. Only break above 1.3149 to allow for stronger correction and open 1.3277/1.3300.

Res: 1.3135, 1.3149, 1.3181, 1.3200
Sup: 1.2968, 1.2955, 1.2920., 1.2916

GBP/USD
Dipped to 1.5483, following break below 1.5649 key support, to test 6 month rising trendline, ahead of corrective attempt. Immediate resistance lies at 1.5645/49, with break higher to open way for fresh correction towards 1.5711, 38.2% retracement of 1.6083/1.5483 decline, possibly 1.5780/1.5800 zone. Below 1.5483 to focus 1.5448.

Res: 1.5649, 1.5705, 1.5725, 1.5745
Sup: 1.5500, 1.5483, 1.5448, 1.5344

USD/JPY
Reversal from 84.39, fresh high, broke below initial supports at 83.83/77, to reach 83.37 low so far. This may signal a near-term top and soften the near-term outlook for further correction, with 83.00, then 82.81/71 seen next. Upside, regain of 84.18/39 is needed to resume recovery off 80.24.

Res: 83.88, 84.10, 84.39, 84.58
Sup: 83.37, 82.93, 82.81, 82.71

USD/CHF
Yesterday’s rejections at 0.9924/33 spike lows confirmed the bulls from 0.9847, with break through 1.0044/52, the latest consolidation ceiling, now focusing 1.0116, possibly 1.0181 on a break. Immediate support lies at 0.9998.

Res: 1.0075, 1.0116, 1.0150, 1.0181
Sup: 0.9998, 0.9933, 0.9924, 0.9896

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (09:50 GMT)

EUR/USD
Corrective attempt from 1.2968 low cleared 1.3149 resistance, en-route to 1.3200, last Friday’s low, where a lower top is anticipated, ahead of fresh weakness. Loss of 1.2968 to target 1.2791, 61.8% of 1.1875/1.4280. However, sustained gains above 200 day MA at 1.3130, may signal further recovery and open 1.3277/1.33 instead.

Res: 1.3180, 1.3200, 1.3277, 1.3300
Sup: 1.3087, 1.3048, 1.2968, 1.2955

GBP/USD
Maintains positive near-term tone, following bounce off 1.5483 low, just above the main trendline support, drawn off 1.4230. Break above 1.5645/50, key resistance zone is needed to continue recovery towards 1.5709, 61.8% of 1.6085/1.5483 downleg. Downside, loss of 1.5483 would signal fresh weakness.

Res: 1.5636, 1.5650, 1.5709, 1.5725
Sup: 1.5546, 1.5509, 1.5483, 1.5448

USD/JPY
Reversed sharply higher after the pullback from 84.39 found support at 83.37, to fully retrace the latest 84.39/83.37 decline. Correction is underway, with 83.80/70 offering an initial support for fresh attempt higher, and break through 84.39 to open 85.00/40 next. Only loss of 83.38 would delay bulls.

Res: 84.39, 84.58, 85.00, 85.40
Sup: 83.96, 83.70, 83.37, 82.93

USD/CHF
Extended recovery off 0.9546 to reach 1.0064, ahead of reversal. Immediate support lies at 0.9983, while possible further reversal should be contained by 0.9865/47, to maintain bulls. Above 1.0064 opens 1.0100/16 next.

Res: 1.0052, 1.0064, 1.0075, 1.0116
Sup: 0.9983, 0.9933, 0.9924, 0.9896

 

[WindsorBrokers]

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

EUR/USD
Extends the near-term bulls after yesterday’s spike low to 1.3059 and sharp recovery, sustaining gains above 1.3150/1.3200 resistances, with 1.3246 seen so far. Market looks for test of 1.3300, break of which would open 1.3332, 06 Aug high, and possible extension towards 1.3467, 38.2% retracement of 1.4280/1.2968 decline. Initial support lies at 1.3060/45, while break below key near-term support at 1.2968 would signal continuation of weakness from 1.4280 and expose 1.2643 and 1.2586 short-term.

Res: 1.3246, 1.3277, 1.3300, 1.3332
Sup: 1.3186, 1.3150, 1.3060, 1.3045

GBP/USD
Maintains positive near-term tone off 1.5483 low, interrupted by sharp dip to 1.5510 and reversal. The initial barriers are 1.5666/74, yesterday’s high / 23.6% retracement of 1.6297/1.5483 downleg, break of which is required to continue recovery towards 1.5793, 38.2%. Holding above 1.5510, yesterday’s low / 38.2% retracement of 1.4230/1.6297 ascend is needed to keep immediate bulls in play, while loss of 1.5483 turns the focus lower and opens 1.5448 instead.

Res: 1.5666, 1.5674, 1.5740, 1.5793
Sup: 1.5546, 1.5510, 1.5483, 1.5448

USD/JPY
Trading in a 83.37/84.39 range after multiple failure to break above the latest high at 84.39. Reversal of the daily RSI suggests correction lower and below 83.37 to target 82.80, 60 day MA / 38.2% retracement of 80.24/84.39 ascend, possibly 82.31, 50%, before bulls reassert for fresh push higher. Clearance of 84.39 to open 85.38/90 next.

Res: 83.95, 84.39, 85.00, 85.38
Sup: 83.37, 82.93, 82.80, 82.31

USD/CHF
Remains on a back-foot after a failure to hold above 1.00, psychological level. Dip to 0.9887 seen so far, with further weakness expected towards 0.9847, 23 Nov low and 0.9823, 60 days MA, where a fresh strength is expected to emerge. Upside clearance of 1.0064 to resume recovery off 0.9461 and expose 1.0181, 61.8% retracement of 1.0638/0.9461 decline. Loss of 0.9823, however, would weaken the structure.

Res: 0.9954, 0.9986, 1.0020, 1.0052
Sup: 0.9887, 0.9847, 0.9823, 0.9796

 

[WindsorBrokers]

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

EUR/USD
Came under pressure after false break above the descending trendline from 1.4280 and upside rejection below 1.3426 high at 1.3399. Loss of 1.3245, key near-term support has seen fresh weakness, retracing over 50% of 1.2968/1.3426 at 1.3191. Immediate risk is for further decline towards 1.3143, 61.8% retracement. Corrective bounces are seen limited by 1.3275/80 and only clear break here would revive bulls.

Res: 1.3280, 1.3315, 1.3338, 1.3399
Sup: 1.3191, 1.3143, 1.3112, 1.3087

GBP/USD
Failure to sustain gains above 1.5787, previous high, has seen fresh weakness from 1.5821 to reach just above key near-term support at 1.5654. Likely scenario would be retest of 1.5654, with break here to open further reversal and expose 1.5600 zone, possibly 1.5536/10, trendline support/02 Dec higher low. Only regain of 1.5821 to sideline near-term bears and resume uptrend from 1.5483.

Res: 1.5764, 1.5787, 1.5821, 1.5838
Sup: 1.5667, 1.5654, 1.5610, 1.5580

USD/JPY
Dipped to 82.33, 50% of 80.24/84.39, ahead of strong rebound. Breach of key resistances at 83.47/95 returned focus back to 84.39 previous high, with 84.05 seen so far. Potential break above 84.39 to expose 85.38 next, while corrective pullback should be contained by 82.72/33 to keep short-term bulls in play.

Res: 84.39, 84.60, 85.20, 85.38
Sup: 83.38, 82.98, 82.72, 82.33

USD/CHF
Reversal from 1.0064 has found support at 0.9724. Strength from here initially reached 0.9872, followed by dip to 0.9754, where a higher low was left. Break through 0.9872 now focuses 0.9948, break of which would open way for 1.0064 retest, with 0.9913 seen so far. Only loss of 0.9754 weakens the structure.

Res: 0.9913, 0.9948, 1.0020, 1.0055
Sup: 0.9815, 0.9754, 0.9724, 0.9700

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (15:45 GMT)

EUR/USD
Recovery attempt from 1.3163 failed to attack 1.3322, key near-term resistance, leaving lower top at 1.3281 for fresh weakness. Loss of 1.3200 opens 1.3163 pivot, break of which would signal an extension of pullback from 1.3426 and expose 1.3143, 61.8% Fibonacci level next.

Res: 1.3281, 1.3322, 1.3352, 1.3399
Sup: 1.3163, 1.3143, 1.3105, 1.3060

GBP/USD
Recent strength from 1.5710 higher low has breached 1.5840 barrier, extending gains to 1.5861, ahead of reversal. This is seen corrective while 1.5710 holds and gains through 1.5840/61 to focus 1.5889 next. Below 1.5710 would delay bulls for deeper correction, initially targeting 1.5667.

Res: 1.5824, 1.5840, 1.5861, 1.5889
Sup: 1.5745, 1.5725, 1.5710, 1.5667

USD/JPY
Pullback from 84.29 found support at 83.44, ahead of fresh strength, keeping the near-term bulls in play. First barrier lies at 84.08, with break here to seek for 84.29/39 retest and possible resumption of uptrend from 80.42. 83.44 now underpins the advance.

Res: 84.08, 84.29, 84.39, 84.60
Sup: 83.44, 83.31, 83.08, 82.98

USD/CHF
Recovery attempt off 0.9724 has run out of steam at 0.9913, with fresh weakness under way. Break below 0.9754 is needed to re-expose 0.9724, break of which would delay short-term recovery from 0.9461 and open 0.9700/0.9668. Upside, Break above 0.9913 is required to continue recovery and turn focus to 0.9948.

Res: 0.9893, 0.9913, 0.9948, 1.0020
Sup: 0.9796, 0.9754, 0.9724, 0.9700

 

[WindsorBrokers]

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

EUR/USD
Succession of lower highs from 1.3426 keeps the downside favored, with focus on 1.3163/43, 09 Dec low / 61.8% retracement of 1.2968/1.3426 upleg, break of which would re-focus 1.30 zone. Upside remains capped by 1.3322/40, 09 Dec high / trendline off 1.3426.

Res: 1.3235, 1.3281, 1.3322, 1.3340
Sup: 1.3163, 1.3143, 1.3105, 1.3060

GBP/USD
The latest rally from 1.5710 higher low has breached 1.5840 barrier, extending gains to 1.5861, ahead of reversal. This is seen corrective while 1.5710/1.5667 area holds and fresh strength through 1.5840/61 to focus 1.5889, 50% retracement of 1.6297/1.5483 decline next.

Res: 1.5818, 1.5840, 1.5861, 1.5889
Sup: 1.5710, 1.5667, 1.5655, 1.5610

USD/JPY

Pullback from 84.29 found support at 83.44, where the fresh strength emerged. Market is attempting at key near-term resistance zone at 84.29/39. Break here would trigger an extension of a broader uptrend from 80.24 and expose 85.40, 24 Sep high next. Failure to break higher may risk the further development of double top pattern.

Res: 84.39, 84.60, 85.20, 85.40
Sup: 83.83, 83.44, 83.31, 83.08

USD/CHF
Recovery attempt off 0.9724 has run out of steam at 0.9913, with fresh weakness under way. For now, the downside remains limited by 0.9793, while possible break here would risk fresh losses towards 0.9754/24. Upside regain of 0.9913 required to continue recovery and turn focus to 0.9948.


Res: 0.9838, 0.9893, 0.9913, 0.9948
Sup: 0.9793, 0.9754, 0.9724, 0.9700

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (15:20 GMT)

EUR/USD
Reversal from 1.3426 found support at 1.3181, just above 1.3163, key near-term support. Fresh gains cleared the first barrier at 1.3281, currently attempting at 1.3322, 09 Dec lower top and near 61.8% of 1.3426/1.3163 decline. Sustained break higher will turn focus higher and expose 1.3399/1.3426 for retest, with clearance of the latter to resume correction off 1.2968. Downside, 1.3235/1.3181 zone underpins the advance.

Res: 1.3324, 1.3340, 1.3399, 1.3426
Sup: 1.3235, 1.3181, 1.3163, 1.3143

GBP/USD
Extended pullback from fresh high at 1.5861 to approach the first support at 1.5710. Further reversal into 1.5667 is not ruled out, before higher low is created, with regain of 1.5861 needed to signal resumption of uptrend from 1.5483 and expose 1.5889, 50% retracement of 1.6297/1.5483 decline next. Loss of 1.5667, however, would risk a deeper setback towards 1.5627, 61.8% of 1.5483/1.5861.

Res: 1.5818, 1.5840, 1.5861, 1.5889
Sup: 1.5710, 1.5667, 1.5655, 1.5610

USD/JPY
Recent strength from 83.44 higher low briefly tested 84.29/39 key near-term resistance area, ahead of sharp reversal. Loss of 83.83/70 supports now opens 83.44, which should contain dips to maintain near-term bulls for renewed attempt at 84.39, possibly 85.40 on a break. Loss of 83.44, however, would turn the immediate focus lower and confirm near-term double top.

Res: 84.09, 84.39, 84.60, 85.20
Sup: 83.44, 83.31, 82.98, 82.54

USD/CHF
Resumes the downtrend from 1.0064 after the recent recovery attempt off 0.9724 stalled at 0.9913 and accelerating losses from 0.9849, today’s lower top. The key near-term support at 0.9724 has been cleared, with trendline connecting 0.9461 and 0.9546 at 0.9695 being tested. Break here would signal further weakness towards 0.0.9668, then 0.9585/46. Only regain of 0.9849 to improve the near-term outlook.


Res: 0.9792, 0.9849, 0.9893, 0.9913
Sup: 0.9668, 0.9626, 0.9585, 0.9546

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (15:45 GMT)

EUR/USD
Returned to strength after finding ground at 1.3181 and rally cleared 1.3399/1.3426 resistances, with break through 1.3468, 38.2% retracement of 1.4280/1.2968 downleg, signaling fresh bull phase. Market has briefly tested 1.3500 level, ahead of corrective pullback. 1.3372/22 zone is expected to contain dips to keep immediate bulls in play, and above 1.3500 to focus 1.3622, 50% retracement.

Res: 1.3432, 1.3500, 1.3525, 1.3622
Sup: 1.3372, 1.3322, 1.3281, 1.3260

GBP/USD
Yesterday’s thrust from 1.5718 higher low, has broken through 38.2% and 50% retracement of 1.6297/1.5483 descend, to reach 1.5910, ahead of sharp reversal. Immediate risk is seen on 1.5718 support retest, break of which would weaken short-term positive tone off 1.5483 in favor of deeper correction towards 1.5667/55 zone. Early rejection above 1.5718, however, would keep scope for possible renewed attempt at 1.5910.

Res: 1.5800, 1.5823, 1.5850, 1.5885
Sup: 1.5718, 1.5710, 1.5667, 1.5655

USD/JPY
Attempt to leave a double top at 84.29/34 has seen a dip to 82.83, where a fresh strength has emerged. However, regain of 84.29/38 ceiling is required to signal next phase higher and open 85.38. Otherwise, lower top ahead of fresh weakness towards 82.83/65, today’s low / 60 day MA, possibly 82.33, would be the likely scenario.

Res: 83.65, 83.95, 84.29, 84.38
Sup: 83.36, 82.93, 82.83, 82.54

USD/CHF
Accelerates losses after breaking below 0.9724/0.9694, 06 Dec previous low / main short-term trendline support. This may signal a top and continuation of broader downtrend and focus the next support at 0.9546, 05 Nov higher low, and possible attack at 0.9461, yearly low.


Res: 0.9688, 0.9724, 0.9755, 0.9792
Sup: 0.9594, 0.9585, 0.9546, 0.9461

 

[WindsorBrokers]

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

EUR/USD
Clearance of 1.3426 barrier has seen a spike to 1.3500, ahead of reversal, with 1.3289, over 38.2% retracement of 1.2968/1.3500 upleg, reached so far. Further pullback into 1.3235, trendline off 1.2968 / 50% retracement is not ruled out, and higher low anticipated for fresh push higher. Loss of 1.3171/63, 61.8% / 09 Dec low would turn the tone negative and open 1.2968.

Res: 1.3355, 1.3386, 1.3440, 1.3500
Sup: 1.3281, 1.3260, 1.3235, 1.3200

GBP/USD
Accelerated slide from yesterday’s fresh high at 1.5910 after losing key near-term supports at 1.5718/10. Next targets lie at 1.5667/55, break of which opens trendline support at 1.5568. Upside, 1.5767 offers initial resistance, with break here needed to ease bear-pressure

Res: 1.5767, 1.5800, 1.5817, 1.5850
Sup: 1.5667, 1.5655, 1.5610, 1.5568

USD/JPY
Corrective phase off 80.24 low remains so far capped by 84.29/39 zone, with the latest failure there sparking a sharp reversal to 82.83, ahead of fresh strength. Immediate target lies at 84.39, with break here requested to open fresh leg higher and expose 85.38. Rejection at/under 84.39 would return focus back to the recent range, with 82.83 offering key near-term support.

Res: 84.29, 84.38, 84.82, 85.00
Sup: 83.76, 83.58, 83.16, 82.83

USD/CHF
Accelerates losses after breaking below 0.9724/0.9694, 06 Dec previous low / main short-term trendline support. This may signal a top and continuation of broader downtrend and focus the next support at 0.9546, 05 Nov higher low, with 0.9560 seen so far. Corrective bounces seen limited by 0.9690/0.9724, for fresh weakness through 0.9546, to possibly open 0.9461.


Res: 0.9642, 0.9688, 0.9724, 0.9755
Sup: 0.9576, 0.9560, 0.9546, 0.9461

 

[WindsorBrokers]

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

EUR/USD
Extends reversal from 1.3500 after leaving a lower top at 1.3377, to hit fresh low at 1.3208. The key near-term support/pivot lies at 1.3163 and while above here, possibility of retesting 1.3500 remains in play. Otherwise, break lower would risk fresh weakness and expose 1.3059 initially.

Res: 1.3315, 1.3377, 1.3440, 1.3500
Sup: 1.3208, 1.3163, 1.3100, 1.3059

GBP/USD
Reversal from 1.5910 accelerated losses after breaking through 1.5667/54 support zone, clearing 6-month trendline support, to reach 1.5529 low so far. Corrective attempts are seen limited by 1.5654/67 zone, now reverted to resistance, with fresh weakness expected to attack key short-term support at 1.5483. Only break above 1.5667 to improve the outlook.

Res: 1.5654, 1.5667, 1.5710, 1.5767
Sup: 1.5529, 1.5510, 1.5483, 1.5405

USD/JPY
Fresh strength off 82.83 higher low has seen an attempt through the recent consolidation ceiling at 84.29/39, with 84.49 reached, ahead of correction. Immediate target lies at 84.60, 76.4% retracement of 85.92/80.24 decline, break of which will expose 85.40, 24 Sep high. Downside, 83.61 is now key support and only break here to delay immediate bulls.

Res: 84.32, 84.49, 84.60, 84.82
Sup: 83.76, 83.61, 83.16, 82.83

USD/CHF
Extended reversal from 1.0064, 01 Dec high, through 0.9913, 08 Dec lower high, accelerating losses through 2-month trendline support, to reach 0.9560 so far, just above 0.9546, key short-term support. Correction higher is under way, with 0.9735/77 zone expected to cap.

Res: 0.9724, 0.9735, 0.9755, 0.9777
Sup: 0.9572, 0.9560, 0.9546, 0.9461

 

[WindsorBrokers]

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

EUR/USD
Downside remains well supported at 1.3180/75, yesterday/13 Dec lows and 61.8% of 1.2968/1.3500 upleg, as the pullback from 1.3500 high found support at 1.3180 again, followed by fresh strength. Near-term studies are supportive for an attempt at 1.3377 lower top, break of which is required to continue gains for 1.3500 retest.

Res: 1.3365, 1.3377, 1.3440, 1.3500
Sup: 1.3278, 1.3233, 1.3180, 1.3163

GBP/USD
Reversal from 1.5910 accelerated losses after breaking through 1.5667/54 support zone, clearing 6-month trendline support, to reach 1.5529 low so far. Bounce from here is under way, with first group of resistances seen at 1.5654/67. Possible further recovery is seen limited by 1.5718/38, where a lower top is anticipated, ahead of fresh weakness to test 1.5529/10, with 1.5483, 30 Nov key near-term support been in sight.

Res: 1.5654, 1.5667, 1.5710, 1.5767
Sup: 1.5609, 1.5558, 1.5529, 1.5510

USD/JPY
Recent consolidation ceiling at 84.29/39 caps all upside attempts for now, as the latest two false breaks were followed by immediate pullbacks. Bears are testing 83.63, consolidation bottom, break of which would delay near term bulls and allow for stronger correction and possible retest of 82.83, 14 Dec higher low. Early downside rejection, however, would keep the recent tops retest in focus.

Res: 84.00, 84.32, 84.49, 84.60
Sup: 83.61, 83.16, 82.83, 82.33

USD/CHF
Extended reversal from 1.0064, 01 Dec high, through 0.9913, 08 Dec lower high, accelerating losses through 2-month trendline support, to reach 0.9560 so far, just above 0.9546, key short-term support. Correction higher run out of steam just ahead of 50% retracement of 0.9913/0.9560 decline at 0.9736, with fresh weakness exceeding the previous low, en-route to 0.9546. Break here to expose 0.9461 next. Only regain of 0.9732 improves the tone.


Res: 0.9650, 0.9710, 0.9732, 0.9735
Sup: 0.9546, 0.9461, 0.9400, 0.9350

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (16:15 GMT)

EUR/USD
Upside rejection at 1.3358, just ahead of first resistance at 1.3377, with sharp reversal followed. Break below key near-term support at 1.3180/63 now suggests further weakness towards 1.3059, with return to 1.2968 not ruled out. Only regain of today’s high of 1.3358 would offer relief.

Res: 1.3358, 1.3377, 1.3440, 1.3500
Sup: 1.3100, 1.3059, 1.3049, 1.2968

GBP/USDRecovery attempt off 1.5529 left a lower top at 1.5645, ahead of strong pullback, breaking through key near-term supports at 1.5510/1.5483. Bears now look for test of 1.5384 and key support at 1.5295, with 1.5264, 50% retracement of 1.4236/1.6295 upleg seen next. To ease immediate bear pressure, 1.5645 must be regained.

Res: 1.5645, 1.5667, 1.5710, 1.5767
Sup: 1.5448, 1.5384, 1.5344, 1.5295

USD/JPY
Recent consolidation ceiling at 84.29/39 caps all upside attempts for now, as the latest two false breaks were followed by immediate pullbacks. Bears are tested 83.63, consolidation bottom, with fresh upside attempt under way. This keeps focus at 84.39, with break higher to open 85.40 next. Loss of 83.63, however, delays.

Res: 84.32, 84.39, 84.49, 84.60
Sup: 83.63, 83.16, 82.83, 82.33

USD/CHF
Decline off 0.9732 lower high found support at 0.9556, just ahead of key 0.9546 level, where the fresh strength has emerged. 0.9732 is now in focus, with break here required to continue recovery of the broader 1.0064/0.9556 downleg, and turn immediate focus towards 0.9839. Only loss 0.9556/46 would turn the near-term tone negative.


Res: 0.9732, 0.9754, 0.9795, 0.9839
Sup: 0.9595, 0.9556, 0.9546, 0.9461

 

[WindsorBrokers]

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

EUR/USD
Extends reversal off 1.3358 lower top, through 1.3180/63 support zone, to reach 1.3124 low thus far. This brings 1.3059, 02 Dec low in focus, with possible retest of 1.2968 also in play. Early rejection above the latter, however, may signal fresh recovery attempt, though, bears remain firmly in play while 1.3358 caps.

Res: 1.3186, 1.3242, 1.3270, 1.3358
Sup: 1.3124, 1.3100, 1.3059, 1.3049

GBP/USD
Extended downtrend from 1.6297 after leaving a lower top at 1.5910, breaking through previous low at 1.5483, to reach 1.5453 so far. Correction off here needs to clear minimum1.5645 to firm the tone and spark further recovery, otherwise, fresh weakness through 1.5405 towards 1.5295 would be likely scenario.

Res: 1.5583, 1.5645, 1.5667, 1.5710
Sup: 1.5453, 1.5405, 1.5384, 1.5344

USD/JPY
Recent consolidation ceiling at 84.29/39 caps all upside attempts for now, as the latest two false breaks were followed by immediate pullbacks. Bears are tested 83.63, consolidation bottom, with fresh upside attempt under way. This keeps focus at 84.39, with break higher to open 85.40 next. Loss of 83.63, however, delays.

Res: 84.19, 84.39, 84.49, 84.60
Sup: 83.63, 83.16, 82.83, 82.33

USD/CHF
Decline off 0.9732 lower high found support at 0.9556, just ahead of key 0.9546 level, where the fresh strength has emerged. Correction stalled at 0.9718, just under 0.9732 and while below here, keeps the down side in focus, with potential break below 0.9556 to expose 0.9461, yearly low. Clearance of 0.9732, however, provides relief and opens 0.9849.

Res: 0.9718, 0.9732, 0.9754, 0.9795
Sup: 0.9630, 0.9595, 0.9556, 0.9546

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (15:20 GMT)

EUR/USD
Extends the recent weakness from 1.3358 lower high, with break below 200-day MA, keeping the negative tone in play. Retest of 1.2968, 30 Nov low is now in focus, as upside remains capped by 1.3200. Potential loss of 1.2968 to open way for further retracement of the upleg from 1.1875/1.2717, to initially target 1.2792, 61.8% retracement of 1.1875/1.4280 ascend.

Res: 1.3179, 1.3200, 1.3225, 1.3264
Sup: 1.3072, 1.3059, 1.3049, 1.2968

GBP/USD
Accelerates downtrend from 1.5910, breaking below 1.5483, previous low; 1.5405, falling wedge support and 1.5389, 200 day MA. This suggests further weakness and brings 1.5343/1.5295 in focus. However, hourly conditions are becoming oversold and correction may precede fresh downleg, though, break above 1.5575 is needed to improve near-term tone.

Res: 1.5492, 1.5518, 1.5575, 1.5645
Sup: 1.5375, 1.5343, 1.5295, 1.5250

USD/JPY
Remains in a narrow range, following the latest upside failure at 84.49. Immediate supports lie at 82.83/33, with break below the latter to signal fresh phase lower, while upside clearance of cluster of resistances between 84.29 and 84.49 is required to resume recovery off 80.24.

Res: 83.89, 84.19, 84.39, 84.49
Sup: 83.41, 83.16, 82.83, 82.33

USD/CHF
Succession of lower highs from 1.0064 keeps near-term bears in play, with scope for full retracement of 0.9461/1.0064 recovery attempt. Market has so far tested 0.95 level, with potential break through 0.9461 to signal fresh bear phase. Only regain of 1.0064 would improve the outlook.

Res: 0.9718, 0.9732, 0.9754, 0.9795
Sup: 0.9506, 0.9461, 0.9400, 0.9350