Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD
Remains under pressure after failing to sustain gains above 1.3738, 61.8% retracement of 1.4280/1.2872 decline, with last Friday’s closure below 1.37 level, anticipating stronger correction. Immediate support at 1.3573 has been tested so far, as the pair posted fresh one-week low at 1.3569. Strong support lies at 1.3539, loss of which would expose 1.34 zone, above where bulls are expected to reassert. Regain of 1.3757 is needed to expose 1.3784, 22 Oct 2010 high and 1.3838, 76.4% retracement of 1.4280/1.2872. Only loss of key short-term support at 1.3245 would signal possible end of recovery phase from 1.2872.

Res: 1.3635, 1.3677, 1.3710, 1.3745
Sup: 1.3591, 1.3569, 1.3539, 1.3503

GBP/USD
Extends the short-term downtrend off 1.6058, 18 Jan peak, after sharp fall to 1.5750 and subsequent recovery failure to clear trendline resistance at 1.5989. Near-term tone is skewed to the downside, with 1.5821, triangle support being tested so far. Break here to suggest fresh weakness and test of 1.5785, 61.8% of 1.5343/1.6058 ascend and 1.5750, key short-term higher low, loss of which would signal further weakness and open 1.5660/17 zone for retest.

Res: 1.5911, 1.5965, 1.5989, 1.6016
Sup: 1.5821, 1.5768, 1.5750, 1.5717

USD/JPY
Continues to trade in negative short-term tone following recovery failure at 83.67 and the recent upside rejection at 83.20. Today’s break below 83.05, trendline support is now attempting at key short-term support at 81.84, loss of which would signal an end of recovery phase from 80.92 and extension of the downtrend from 84.49, to test 80.92, possibly multi-year low at 80.24 on a break. Only regain of 83.00/20 zone would improve the near-term outlook.

Res: 82.21, 82.46, 82.70, 82.92
Sup: 81.91, 81.84, 81.67, 80.92

USD/CHF
Maintains negative tone after the latest recovery attempt from 0.9301, historical low failed at 0.9782, with subsequent weakness clearing the last support at 0.9413, 76.4% retracement of 0.9301/0.9782 ascend, and opening way for attack at key 0.9301 support. Loss of the latter would signal and extension of the broad downtrend and fresh phase lower to expose psychological levels at 0.9200/0.9100. Only regain of 0.9620/80 would put immediate bears on hold and keep hopes of fresh recovery.

Res: 0.9468, 0.9480, 0.9493, 0.9520
Sup: 0.9399, 0.9388, 0.9365, 0.9301

 

[WindsorBrokers]

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

EUR/USD
Rejection at 1.3757 and subsequent reversal, have found support at 1.3570, ahead of strong recovery, keeping the short-term bulls in play. Today’s regain of 1.37 level, suggests fresh attempt at 1.3745/57 resistance zone, break of which is needed to resume recovery off 1.2872 and expose 1.3784 next. Immediate supports at 1.3570/39 underpin advance for now.

Res: 1.3745, 1.3757, 1.3784, 1.3824
Sup: 1.3600, 1.3569, 1.3539, 1.3503

GBP/USD
Extends the short-term downtrend off 1.6058, 18 Jan peak, after sharp fall to 1.5750 and subsequent recovery failure to clear trendline resistance at 1.5989. Near-term tone is skewed to the downside, with 1.5821, triangle support being tested so far. Break here to suggest fresh weakness and test of 1.5785, 61.8% of 1.5343/1.6058 ascend and 1.5750, key short-term higher low, loss of which would signal further weakness and open 1.5660/17 zone for retest. Upside attempts remain capped by 1.5965/89 and only break above the latter would signal a resumption of short-term uptrend off 1.5750.

Res: 1.5965, 1.5989, 1.6016, 1.6036
Sup: 1.5821, 1.5768, 1.5750, 1.5717

USD/JPY
Maintains negative short-term tone following recovery failure at 83.67 and the recent upside rejection at 83.20. Today’s break below 83.05, trendline support is now attempting at key short-term support at 81.84, loss of which would signal an end of recovery phase from 80.92 and extension of the downtrend from 84.49, to test 80.92, possibly multi-year low at 80.24 on a break. Only regain of 83.00/20 zone would improve the near-term outlook.

Res: 82.21, 82.46, 82.70, 82.92
Sup: 81.91, 81.84, 81.67, 80.92

USD/CHF
Maintains negative tone after the latest recovery attempt from 0.9301, historical low failed at 0.9782, with subsequent weakness clearing the last support at 0.9413, 76.4% retracement of 0.9301/0.9782 ascend, and opening way for attack at key 0.9301 support. Loss of the latter would signal and extension of the broad downtrend and fresh phase lower to expose psychological levels at 0.9200/0.9100. Only regain of 0.9620/80 would put immediate bears on hold and keep alive hopes of fresh recovery.

Res: 0.9468, 0.9480, 0.9493, 0.9520
Sup: 0.9399, 0.9388, 0.9365, 0.9301

 

[WindsorBrokers]

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

EUR/USD
Regained strength after the sharp reversal, following an upside rejection at 1.3757, found support at 1.3570. The latest fall has nearly been fully retraced, though clear break above 1.3757 to confirm. Immediate target lies at 1.3784, ahead of 1.3838, 76.4% retracement of 1.4280/1.2872 down move. Longer-term descending trendline, connecting 1.5144 and 1.4280 peaks and currently standing at 1.4044, is seen as key short-term resistance. Downside, 1.3570/39 area offers initial support, and expected to contain dips, to keep immediate bulls in play, otherwise, further losses into 1.34 zone would be likely scenario.

Res: 1.3757, 1.3784, 1.3824, 1.3838
Sup: 1.3662, 1.3636, 1.3600, 1.3570

GBP/USD
Has fully retraced the recent leg lower from 1.6058, after finding ground at 1.5750 and fresh bulls breaking through 1.6058, key near-term resistance. This signals an end of corrective phase off 1.6297 and opens way for test of 1.6093, 19 Nov 2011 high and 1.6166, longer term trendline, drawn off 1.7041, 2009 high. Downside, 1.5820/1.5750 underpin the advance and only loss of the latter to weaken short-term structure.

Res: 1.6078, 1.6093, 1.6166, 1.6200
Sup: 1.6003, 1.5989, 1.5965, 1.5911

USD/JPY
Recent failure to sustain gains above 83.00 zone has triggered fresh weakness through 82.10, triangle support and attempt through 81.84, key near-term support, to suggest an end of recovery phase from 80.92 and extension of broader downtrend from 84.49, confirming lower top at 83.67, Immediate downside target lies at 80.92, key short-term support , ahead of possible return to 80.24, multi-year low, posted on Nov 2010.open way for retest of 80.92, 03 Jan 2011 low. Upside, 83.20 caps for now.


Res: 82.14, 82.24, 82.46, 82.70
Sup: 81.74, 81.67, 80.92, 80.24

USD/CHF
Maintains negative tone after the latest recovery attempt from 0.9301, historical low failed at 0.9782, with subsequent weakness clearing the last support at 0.9413, 76.4% retracement of 0.9301/0.9782 ascend, and opening way for attack at key 0.9301 support. Loss of the latter would signal and extension of the broad downtrend and fresh phase lower to expose psychological levels at 0.9200/0.9100. Only regain of 0.9620/80 would put immediate bears on hold and keep alive hopes of fresh recovery.

Res: 0.9447, 0.9468, 0.9480, 0.9493
Sup: 0.9367, 0.9306, 0.9301, 0.9250

 

[WindsorBrokers]

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

EUR/USD
Extended advance off 1.3569 higher low, to briefly break above 1.3757, 27 Jan previous high. Fresh 2 ½ month high was reached at 1.3774, followed by pullback to 1.3730 zone. However, short-term bulls remain in play while holding above 1.3570 and break above 1.3784 to focus 1.3838, 76.4% Fibonacci retracement of 1.4280/1.2872 decline.

Res: 1.3757, 1.3784, 1.3824, 1.3838
Sup: 1.3662, 1.3636, 1.3600, 1.3570

GBP/USD
Strong rally from 1.5821, yesterday higher low, has cleared previous high at 1.6058, surging through 1.61 barrier, to reach 1.6140 for now. This signals a continuation of recovery from 1.5343, with immediate focus on 1.6166, longer-term descending trendline connecting 1.7041 and 1.6297, 2009/2010 highs, break of which is required to resume higher and open 1.6297, 31 Oct 2010 high. Downside, 1.5821 underpins the advance, while loss of 1.5750 weakens short-term structure.

Res: 1.6140, 1.6166, 1.6183, 1.6211
Sup: 1.6080, 1.6036, 1.6003, 1.5989

USD/JPY
Recent failure to sustain gains above 83.00 zone has triggered fresh weakness, with loss of 81.84, key near-term support, extending losses to 81.46 so far and suggesting an end of recovery phase from 80.92. The latter now acts as key short-term support and comes in focus. Break below 80.92 would signal an end of correction from multiyear low at 80.24. Upside, 81.84/82.00 offer immediate resistance, while only break above 83 zone provides relief.

Res: 81.84, 82.01, 82.14, 82.24
Sup: 81.46, 81.21, 80.92, 80.52

USD/CHF
Maintains negative tone after the latest recovery attempt from 0.9301, historical low failed at 0.9782, with subsequent weakness clearing the last support at 0.9413, 76.4% retracement of 0.9301/0.9782 ascend, and opening way for attack at key 0.9301 support. Loss of the latter would signal and extension of the broad downtrend and fresh phase lower to expose psychological levels at 0.9200/0.9100. Only regain of 0.9620/80 would put immediate bears on hold and keep alive hopes of fresh recovery.

Res: 0.9447, 0.9468, 0.9480, 0.9493
Sup: 0.9367, 0.9306, 0.9301, 0.9250

 

[WindsorBrokers]

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

EUR/USD
Extends gains off 1.3570 higher low, surging through 1.3784, Nov 2010 lower high and 1.38 barrier, to post fresh 3-month high at 1.3860 overnight. Immediate resistances lie at 1.3886 and 1.3938, 76.4% of 1.4280/1.2872, ahead of key longer-term descending trendline, currently at 1.4039. Clearance of the latter will open way for retest of 1.4280, key lower high of the broader downtrend from 1.6039. Bulls are firmly in play, but entering overbought zone, suggesting correction would precede fresh push higher. Downside, 1.3760 offers initial resistance, while loss of 1.37 to sour near-term structure. However, only below 1.3570 would sideline immediate bulls in favor of stronger correction.

Res: 1.3860, 1.3886, 1.3938, 1.4039
Sup: 1.3812, 1.3776, 1.3757, 1.3725

GBP/USD
Strong rally from 1.5821, 31 Jan higher low, has so far cleared 1.6058/1.61 barriers, to dent key longer-term trendline resistance at 1.6166. Sustained break here is needed to expose 1.6297, 31 Oct 2010 high and signal resumption of recovery from 1.4230, May 2010 low. Immediate supports lie at 1.6058/15, with dips contained above here, otherwise, potential is for deeper reversal towards 1.59 zone.

Res: 1.6211, 1.6297, 1.6430, 1.6456
Sup: 1.6127, 1.6080, 1.6058, 1.6036

USD/JPY
Extends short-term downtrend from 83.67 after the latest recovery attempt failed at 83.20 and fresh weakness broke below 81.84, key near-term support, to reach 81.30, fresh one-month low today. Immediate downside target lies at 80.92, 2011 low and key support, loss of which is expected to open way towards 80.24, Nov 2010 15-years low. Upside, 81.84 offers immediate resistance, while only regain of 83.20 improves short-term structure.

Res: 81.84, 81.90, 82.14, 82.24
Sup: 81.30, 81.21, 80.92, 80.52

USD/CHF
Maintains negative tone after the latest recovery attempt from 0.9301, historical low failed at 0.9782, with subsequent weakness clearing the last support at 0.9413, 76.4% retracement of 0.9301/0.9782 ascend, posting fresh lows en-route to key 0.9301 support. Loss of the latter would signal and extension of the broad downtrend and fresh phase lower to expose psychological levels at 0.9200/0.9100. Upside, 0.9450/80 zone caps for now.

Res: 0.9367, 0.9417, 0.9447, 0.9468
Sup: 0.9327, 0.9306, 0.9301, 0.9250

 

[WindsorBrokers]

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

EUR/USD
Trades in a near-term corrective/consolidative mode after the latest rally reached fresh 3-month high at 1.3860. Dips broke below 1.38 level, though further extension into 1.3760/50 is seen corrective, ahead of fresh attempt higher. Above 1.3860 to target 1.3886/1.3938, with test of key 1.4039, trendline resistance, seen short-term. Only loss of 1.3750, 38.2% of 1.3570/1.3860 would anticipate deeper correction and focus 1.3715/1.3680. Short-term, 1.3570 remains key support.

Res: 1.3844, 1.3860, 1.3886, 1.3938
Sup: 1.3787, 1.3750, 1.3725, 1.3715

GBP/USD
Surged through 1.32 barrier today, after clearing 1.6166, longer-term trendline resistance, to reach 1.6228 so far. Intraday studies remain supportive for final thrust towards 1.6297, key short-term resistance, break of which is required to trigger fresh phase higher and confirm higher low at 1.5343. Overbought conditions, however, may see corrective pullback preceding fresh strength. Immediate supports lie at 1.6120/1.6080 and is expected to contain corrective dips, otherwise, deeper correction below 1.6000 would be likely.

Res: 1.6228, 1.6297, 1.6430, 1.6456
Sup: 1.6127, 1.6080, 1.6058, 1.6036

USD/JPY
Continues to trade in a near-term consolidative mode after bears extended to post fresh low of 81.30 yesterday, just above 80.92, key short-term support. Intraday studies remain bearish, looking for further losses, with break below 80.92 to expose 80.24, 15-year low. Hourly studies, however, see scope of possible near-term basing above 81.30, though minimum of 81.84/82.24 should be regained to confirm recovery attempt.

Res: 81.84, 81.90, 82.14, 82.24
Sup: 81.30, 81.21, 80.92, 80.52

USD/CHF
Maintains negative tone after the latest recovery attempt from 0.9301, historical low failed at 0.9782, with subsequent weakness clearing the last support at 0.9413, 76.4% retracement of 0.9301/0.9782 ascend, posting fresh lows en-route to key 0.9301 support. Market posted fresh low at 0.9327, with subsequent recovery attempt failure at 0.9395, keeping bears firmly in play, and loss of 0.9301 to signal extension of the broad downtrend and fresh phase lower. Upside, 0.9450/80 zone caps for now.

Res: 0.9367, 0.9395, 0.9417, 0.9447
Sup: 0.9327, 0.9306, 0.9301, 0.9250

 

[WindsorBrokers]

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

EUR/USD
Extended correction below 1.38 mark after hitting fresh 3-month high at 1.3860, finding support at 1.3766, just above 1.3850, 38.2% of the latest leg higher from 1.3570 to 1.3860. Fresh strength is underway and holding above 1.3800/10 to keep near-term focus higher for retest of 1.3860. Break here will open 1.3939/72, ahead of possible attempt at key trendline resistance, currently at 1.4044. Failure to sustain gains above 1.38 and loss of 1.3766/50 support zone, would risk deeper reversal and open 1.3715/00, then 1.3680, 61.8% retracement. Key short-term support lies at 1.3570.

Res: 1.3827, 1.3844, 1.3860, 1.3886
Sup: 1.3783, 1.3766, 1.3750, 1.3715

GBP/USD
Short-term bulls from 1.5821 higher low remain in play after a shallow correction off yesterday’s peak at 1.6228 found ground at 1.6140. Fresh gains broke above 1.6228, with 1.6243 seen so far and sustained break higher to look for test of key resistance at 1.6297, break of which would open fresh phase higher of the broader uptrend from 1.4230. Downside, 1.6140 offers immediate support, while possible deeper pullbacks need to hold above 1.6058/00 zone to keep immediate bulls in play.

Res: 1.6243, 1.6297, 1.6430, 1.6456
Sup: 1.6174, 1.6140, 1.6127, 1.6080

USD/JPY
Attempts to base above 81.30, 01 Feb fresh low, with recovery testing initial resistance at 81.84 so far. However, break of minimum 82.00/25 is required to signal further near-term recovery developing and expose 82.47, 61.8% of 83.20/81.30 decline, break of which to open key resistance zone at 83.00/20. Failure to sustain recovery, however, will resume the downtrend from 83.20 and loss of 81.30 to open way for test of key supports at 80.92 and 80.24.

Res: 81.84, 81.90, 82.14, 82.24
Sup: 81.48, 81.30, 81.21, 80.92

USD/CHF
Extends the near-term downleg from 0.9782, posting fresh low at 0.9327 yesterday, just above 0.9301, historical low and key support, ahead of bounce. The latest recovery attempt has so far reached 0.9440, though, regain of 0.9480/0.9500 is needed to signal further correction and open 0.9556/0.9607, 50% / 61.8% retracement of 0.9782/0.9327 decline, where a lower high is anticipated. Only break above 0.9685 would sideline near-term bears.


Res: 0.9440, 0.9454, 0.9480, 0.9500
Sup: 0.9394, 0.9327, 0.9306, 0.9301

 

[WindsorBrokers]

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

EUR/USD
Failed to sustain gains above 1.38, after pullback from 1.3860, fresh high, initially found footstep at 1.3766. Near-term lower high was left at 1.3824, ahead of sharp fall through 1.37, to test 1.3662 higher low of 31 Jan. This now opens way for possible retest of key near-term support at 1.3570, loss of which would risk deeper correction and sideline immediate bulls. Early downside rejection and higher low above 1.3570, however, will keep retest of 1.3824/60 in focus, with extension towards 1.3939/72 eyed on a break.

Res: 1.3700, 1.3724, 1.3765, 1.3788
Sup: 1.3627, 1.3595, 1.3570, 1.3539

GBP/USD
Extended bulls after breaking above 1.6228, previous high, to rich the fresh one at 1.6277, just below key barrier at 1.6297, ahead of reversal. Loss of 1.6200 level has so far seen dip to 1.6171, though, while key near-term support at 1.6139 holds, scope remains for retest of 1.6277/97, with break of the latter to trigger fresh phase higher. Downside, potential loss of 1.6139 would risk stronger correction to 1.6105/1.6080 zone. Loss of 1.60, however, will signal an end of recovery phase from 1.5821

Res: 1.6228, 1.6277, 1.6297, 1.6430
Sup: 1.6171, 1.6139, 1.6105, 1.6080

USD/JPY
Attempts to base above 81.30, 01 Feb fresh low, with recovery testing initial resistance at 81.84 so far. Regain of minimum 82.00/25 is required to signal further near-term recovery developing and expose 82.47, 61.8% of 83.20/81.30 decline, break of which to open key resistance zone at 83.00/20. Failure to sustain recovery, however, will resume the downtrend from 83.20 and loss of 81.30 to open way for test of key supports at 80.92 and 80.24.

Res: 81.84, 81.90, 82.14, 82.24
Sup: 81.53, 81.48, 81.30, 80.92

USD/CHF
The latest recovery attempt off 0.9327, fresh yearly low, is attempting through 0.9480/0.9500, initial barrier, clear break of which would signal fresh gains towards 0.9556/0.9607, 50% / 61.8% retracement of 0.9782/0.9327 decline, where a lower top is anticipated, to maintain bigger picture’s bears and re-expose 0.9301. Only regain of 0.9685 improves near-term tone.


Res: 0.9500, 0.9521, 0.9554, 0.9607
Sup: 0.9440, 0.9410, 0.9394, 0.9327

 

[WindsorBrokers]

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

EUR/USD
Remains under pressure after yesterday’s sharp fall through a series of supports tested 1.36 zone so far, sidelining near-term bulls. Immediate focus is on 1.3570, key near-term support, loss of which will further weaken the structure and expose 1.3480, 38.2% of 1.2872/1.3860 ascend. Corrective attempts are seen capped by 1.3700/35 zone.

Res: 1.3657, 1.3700, 1.3724, 1.3735
Sup: 1.3608, 1.3595, 1.3570, 1.3539

GBP/USD
Gains through 1.6228, previous high, stalled at 1.6277, just under key barrier at 1.6297, followed by shallow correction. Near-term studies remain supportive for fresh attempt higher, with clearance of 1.6297 needed to resume the recent bull-leg from 1.5750 and open way for fresh bull phase, to target 1.6400, 38.2% retracement of the long-term 2.1161/1.3501 decline. Downside, 1.6120 offers immediate support, with potential break here to trigger deeper correction towards 1.6076/36. Loss of 1.60 zone, however, weakens the short-term structure.

Res: 1.6174, 1.6228, 1.6277, 1.6297
Sup: 1.6120, 1.6105, 1.6076, 1.6002

USD/JPY
Continues to trade sideways after the latest recovery attempt off 81.30 low faces strong resistance at 82.00 zone. While the latter intact, short-term bears remain in play for retest of 81.30 and 80.92, key support, loss of which would turn immediate focus at 80.24, 01 Nov 2010 multiyear low. Upside, regain of 82.00/25 to signal further recovery and open 82.50/83.00 zone next.

Res: 81.69, 81.84, 82.05, 82.24
Sup: 81.48, 81.39, 81.30, 80.92

USD/CHF
Remains in a corrective mode after decline from 0.9782 found temporary support at 0.9327, just above key historical low at 0.9301. Market briefly broke above 0.9499, 38.2% retracement of 0.9782/0.9327 downleg, to reach 0.9523, with break through here and 0.9553, 50%, to signal further recovery towards 0.9600 zone, clearance of which is required to confirm recovery, otherwise, lower top and resumption of the broader downtrend would the likely scenario.

Res: 0.9500, 0.9523, 0.9554, 0.9607
Sup: 0.9446, 0.9420, 0.9394, 0.9327

 

[WindsorBrokers]

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

EUR/USD
Extended losses from 1.3860 fresh high, after initial consolidation within narrow 1.3610/30 range, to briefly break through key near-term support at 1.3570. Immediate tone remains bearish, favoring break below 1.3570 to focus 1.3480, 38.2% of 1.2872/1.3860 ascend, next. Only regain of 1.3700/50 would ease near-term bear pressure.

Res: 1.3640, 1.3657, 1.3700, 1.3724
Sup: 1.3570, 1.3539, 1.3480, 1.3430

GBP/USD
Dips further after pullback from 1.6277, yesterday’s high, initially reached 1.6120, followed by short consolidation. Fresh weakness extended losses through 1.6076, 38.2% retracement of 1.5750/1.6277 ascend, to reach 1.6063 so far. Near-term studies are bearish, looking for further decline, to target key near-term support zone at 1.60, loss of which would signal an end of recovery attempt from 1.5750/1.5821.However, correction may precede fresh bears, as hourly studies entered oversold area.

Res: 1.6120, 1.6149, 1.6174, 1.6228
Sup: 1.6063, 1.6015, 1.6002, 1.5989

USD/JPY
Continues to trade within 81.30/82.00 range, despite today’s spike low at 81.10. Upside, however, remains limited by 82.00 and while below here, immediate focus is at 81.30 and key short-term support at 80.92. Only break above 82.00/25 zone to signal further recovery and open 82.50/83.00 zone next.

Res: 81.93, 82.05, 82.24, 82.50
Sup: 81.39, 81.30, 81.10, 80.92

USD/CHF
Remains in a corrective mode after decline from 0.9782 found temporary support at 0.9327, just above key historical low at 0.9301. Today’s fresh bulls extended gains to clear 50% of 0.9782/0.9327 decline at 0.9555, with immediate scope seen for extension higher and attempt at 0.9607/21, 61.8% / 24 Jan high, break of which is needed to re-focus 0.9782 short-term. Over-extended hourly conditions, however, see potential for correction preceding fresh strength. Only loss of 0.9450 to weaken near-term structure.


Res: 0.9564, 0.9607, 0.9621, 0.9685
Sup: 0.9514, 0.9460, 0.9446, 0.9420

 

[WindsorBrokers]

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

EUR/USD
Continues to trend lower after reversal from 1.3860 high broke below 1.3570 support. Recovery attempt from 1.3542 was short-lived, as bulls failed to hold above 1.36 level, reversing lower to test 1.3539 support. Break here and 1.3533, 90 day MA, with weak near-term studies favoring further extension towards 1.3483, 38.2% retracement of 1.2872/1.3860 upleg, then 1.3450/30, and possible test of 1.3367, 50% retracement. Upside is seen capped by 1.3625/75 zone for now.

Res: 1.3566, 1.3625, 1.3675, 1.3700
Sup: 1.3500, 1.3483, 1.3450, 1.3430

GBP/USD
Has corrected nearly 50% of 1.5750/1.6277 ascend after an upside rejection just below key 1.6297 barrier triggered two-legged reversal to 1.6035. Recovery attempt briefly broke above1.6170/82, last Friday’s high / 61.8% of 1.6277/1.6035 decline, but failed to sustain gains, reversing below 1.61 level. Key near-term support lies at 1.6035 and potential break here to confirm lower high at 1.6184 and allow for stronger correction to open 1.6013/00 zone next. Only regain of 1.6184 will improve near-term structure and keep 1.6277/97 retest in focus.


Res: 1.6145, 1.6184, 1.6216, 1.6228
Sup: 1.6091, 1.6035, 1.6015, 1.6002

USD/JPY
Extends near-term recovery above 82 level, following last Friday’s break below the previous low at 81.30 and spike low at 81.10, just ahead of key short-term support at 80.92. Over 50% of recent 83.67/81.10 downleg has been retraced at 82.46 so far, with near-term studies supportive for fresh push higher. Clearance of 83.70, 61.8% retracement will open 83.20/45, ahead of possible retest 83.67, key short-term barrier, break of which is needed to ease current bear pressure. Downside loss of 81.10/80.92, however, resumes the downtrend towards key 15-year low at 80.24, posted on 01 Nov 2010.

Res: 82.50, 82.70, 83.08, 83.20
Sup: 82.15, 82.05, 81.85, 81.75

USD/CHF
Extends correction after reversal from 0.9782 found support at 0.9327, just above key historical low at 0.9301. Fresh gains over 0.9523, previous high extended to 0.9596 so far, just under 0.9607/21, 61.8% / 24 Jan high, break of which is needed to re-focus 0.9782 short-term. Near-term studies remain supportive, with 0.9523 offering initial support. Only loss of 0.9450 would weaken the near-term structure.


Res: 0.9596, 0.9607, 0.9621, 0.9685
Sup: 0.9542, 0.9523, 0.9513, 0.9460

 

[WindsorBrokers]

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

EUR/USD
Has so far found a footstep just above 1.35 level after reversal from 1.3860 high lost key near-term supports at 1.3570/39. Dips to 1.3516/07 were seen ahead of fresh recovery attempt higher, with supportive near-term studies looking for break above 1.3640/55, 38.2% of 1.3860/1.3507 / 03 Feb high; 1.3576/83, last Friday’s spike high / 50% retracement, with clearance of 1.3724, 61.8% retracement to confirm higher low at 1.3507 and resume bulls for retest of 1.3860. Failure to break higher, however, risks lower top and fresh weakness towards 1.35/1.3483 initially.

Res: 1.3655, 1.3675, 1.3700, 1.3724
Sup: 1.3570, 1.3542, 1.3507, 1.3483

GBP/USD
Near-term price action sees trading in a narrow range after reversal from 1.6277, 03 Feb high, found temporary support at 1.6035. Initial clearance of 1.6150 barrier was short-lived, as an upside extension to 1.6184 was followed by reversal. However, the downside remains supported by 1.6085/35 for now, and while holding above here, near-term bulls will look for break above 1.6184, to target 1.6277/97, key resistance area, break of which will signal resumption of broader uptrend from 1.5343 and expose 1.6405, 38.2% retracement of long-term 2.1161/1.3501 decline. Failure to clear 1.6184 resistance would turn near-term risk lower and potential break below 1.6035 to signal further reversal towards 1.60/1.5950 zone.

Res: 1.6184, 1.6228, 1.6277, 1.6297
Sup: 1.6085, 1.6035, 1.6015, 1.6002

USD/JPY

Extends near-term recovery above 82 level, following last Friday’s break below the previous low at 81.30 and spike low at 81.10, just ahead of key short-term support at 80.92. Over 50% of recent 83.67/81.10 downleg has been retraced at 82.46 so far, with clearance of 83.70, 61.8% retracement, needed to open 83.20/45, ahead of possible retest 83.67, key short-term barrier, break of which would signal fresh near-term strength. Downside loss of 81.10/80.92, however, resumes the downtrend towards key 15-year low at 80.24, posted on 01 Nov 2010.

Res: 82.50, 82.70, 83.08, 83.20
Sup: 82.05, 81.85, 81.75, 81.30

USD/CHF
Extends near-term recovery from 0.9327, but gains stall on approach to 0.9607, 61.8% of 0.9782/0.9327 decline. Current corrective/consolidative mode is so far supported by 0.9530/20, and holding above here keeps immediate focus at 0.9607, break of which is needed to resume recovery and expose 0.9685, 21 Jan lower high, with possible retest of 0.9782 seen on a break. Downside, loss of 0.9520 would signal near-term top at 0.9596 and look for fresh weakness towards 0.9500/0.9460, while loss of 0.9430 will signal an end of recovery phase and re-expose 0.9327/01 supports.

Res: 0.9564, 0.9596, 0.9607, 0.9685
Sup: 0.9520, 0.9493, 0.9460, 0.9430

 

[WindsorBrokers]

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

EUR/USD
Extended recovery off 1.3507, yesterday’s low, through 1.3640/55 barriers, to retrace over 38.2% of 1.2860/1.3705 decline at 1.3865, just under Friday’s spike high at 1.3576 and 50% retracement at 1.3683. Minor correction is expected to reverse above 1.3570, to keep immediate bulls in play and through 1.3665/83 to focus 1.3683, 61.8% level. Downside loss of 1.3570 would signal near-term top and open way for test of 1.3507/1.3483.

Res: 1.3665, 1.3675, 1.3683, 1.3724
Sup: 1.3591, 1.3570, 1.3542, 1.3507

GBP/USD
Remains in a near-term corrective mode after an upside failure at 1.6277, just below key 1.6297 resistance, triggered reversal to 1.6035 so far. Near-term recovery from here was so far capped by 1.6160/84 zone, with renewed weakness breaking below 1.61 level and looking for retest of 1.6035, key near-term support. Holding above here keeps immediate bulls in play for fresh attempt through 1.6160/84, to challenge 1.6277/97, break of which would open fresh leg higher. Otherwise, loss of 1.6035 would risk deeper reversal towards 1.6015/1.5950, 50% / 61.8% retracement of 1.5750/1.6277 upleg.

Res: 1.6160, 1.6184, 1.6228, 1.6277
Sup: 1.6035, 1.6015, 1.6002, 1.5950

USD/JPY

Extends near-term recovery above 82 level, following last Friday’s break below the previous low at 81.30 and spike low at 81.10, just ahead of key short-term support at 80.92. Over 50% of recent 83.67/81.10 downleg has been retraced at 82.46 so far, with clearance of 83.70, 61.8% retracement, needed to open 83.20/45, ahead of possible retest 83.67, key short-term barrier, break of which would signal fresh near-term strength. Downside loss of 81.10/80.92, however, resumes the downtrend towards key 15-year low at 80.24, posted on 01 Nov 2010.

Res: 82.50, 82.70, 83.08, 83.20
Sup: 81.99, 81.85, 81.75, 81.30

USD/CHF

Extends near-term recovery from 0.9327, but gains stall on approach to 0.9607, 61.8% of 0.9782/0.9327 decline. Current corrective/consolidative mode is so far supported by 0.9530/20, and holding above here keeps immediate focus at 0.9607, break of which is needed to resume recovery and expose 0.9685, 21 Jan lower high, with possible retest of 0.9782 seen on a break. Downside, loss of 0.9520 would signal near-term top at 0.9596 and look for fresh weakness towards 0.9500/0.9460, while loss of 0.9430 will signal an end of recovery phase and re-expose 0.9327/01 supports.

Res: 0.9596, 0.9607, 0.9685, 0.9739
Sup: 0.9520, 0.9493, 0.9460, 0.9430

 

[WindsorBrokers]

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

EUR/USD
Yesterday’s brief break above last Friday’s spike high at 1.3676 has reached fresh high at 1.3687, to retrace over 50% of 1.3680/1.3507 downleg, ahead of easing. Near-term structure off 1.3507 remains supportive, with break through 1.3687 required to target 1.3724, 61.8%, and 1.3766 where a lower high is anticipated for fresh downside attempt towards 1.3507. Supports at 1.36 zone are expected to contain dips, to maintain immediate bulls.

Res: 1.3665, 1.3675, 1.3687, 1.3724
Sup: 1.3611, 1.3591, 1.3570, 1.3542

GBP/USD
Remains in a near-term corrective mode after an upside failure at 1.6277, just below key 1.6297 resistance, triggered reversal to 1.6027. This marks over 23.6% retracement of 1.5350/1.6277 ascend, also trendline support, drawn off 1.5404. While the latter holds, scope exists for renewed attempt higher, with clearance of 1.6184 to focus 1.6277/97, key resistance zone. Loss of 1.6027, however, would risk deeper reversal towards 1.6015/1.5950, 50% / 61.8% retracement.

Res: 1.6103, 1.6160, 1.6184, 1.6228
Sup: 1.6035, 1.6027, 1.6015, 1.6002

USD/JPY
Maintains near-term positive tone from 81.10/30 lows, after peaking at 82.46 and subsequent pullback finding ground at 81.76. Current attack at 82.46 needs to see clear break higher to resume recovery towards 83.20/67 resistance zone, break of which is required to open key short-term resistance at 84.49, 15 Dec 2010 high. Rejection under 83.20, however, would risk lower top, with loss of 81.76 to re-focus 80.92, key short-term support.

Res: 82.50, 82.70, 83.08, 83.20
Sup: 82.24, 81.99, 81.76, 81.30

USD/CHF
Extends near-term recovery from 0.9327, to extend above 61.8% of 0.9782/0.9327 decline, reaching 0.9653 so far, just ahead of 0.9672/85, 76.4% / 21 Jan previous high. Near-term studies are supportive for fresh extension higher, with 0.96 zone expected to contain corrective dips. Through 0.9685 to open way for retest of key short-term resistance at 0.9782. Only loss of 0.9522 higher platform, would weaken the structure.

Res: 0.9653, 0.9672, 0.9685, 0.9739
Sup: 0.9618, 0.9600, 0.9561, 0.9522

 

[WindsorBrokers]

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

EUR/USD
Remains entrenched within 1.3611/87 range after recovery from 1.3507 stalled at 1.3687 yesterday. However, positive near-term tone favors break through 1.3687 to extend gains towards 1.3724, 61.8% retracement of 1.3860/1.3507 downleg and 1.3766. Initial support at 1.3611/00 underpins for now, while loss of 1.3570 will return focus to 1.3507.

Res: 1.3687, 1.3724, 1.3766, 1.3824
Sup: 1.3611, 1.3591, 1.3570, 1.3542

GBP/USD
Trades in a near-term corrective mode after an upside failure at 1.6277, just below key 1.6297 resistance, triggered reversal to 1.6027. This marks over 23.6% retracement of 1.5350/1.6277 ascend, also trendline support, drawn off 1.5404. While the latter holds, scope exists for renewed attempt higher, with clearance of 1.6184 to focus 1.6277/97, key resistance zone. Loss of 1.6027, however, would risk deeper reversal towards 1.6015/1.5950, 50% / 61.8% retracement.

Res: 1.6103, 1.6160, 1.6184, 1.6228
Sup: 1.6035, 1.6027, 1.6015, 1.6002

USD/JPY
Maintains near-term positive tone from 81.10/30 lows, after reversal from 82.46 high found support at 81.76. Subsequent bounce has cleared 82.46 barrier to reach 82.66 so far, en-route to 83.20/67 resistance zone, break of which is required to open key short-term resistance at 84.49, 15 Dec 2010 high. Rejection under 83.20, however, would risk lower top, with loss of 81.76 to re-focus 80.92, key short-term support.

Res: 82.66, 83.08, 83.20, 83.67
Sup: 82.33, 82.24, 81.99, 81.76

USD/CHF
Extends near-term recovery from 0.9327, to extend above 61.8% of 0.9782/0.9327 decline, reaching 0.9659 so far, just ahead of 0.9672/85, 76.4% / 21 Jan previous high. Near-term outlook keeps fresh extension higher favored, with 0.96 zone expected to contain corrective dips. Clearance of 0.9685 to open way for retest of key short-term resistance at 0.9782. Only loss of 0.9522 higher platform, would weaken the structure.

Res: 0.9659, 0.9672, 0.9685, 0.9739
Sup: 0.9618, 0.9600, 0.9561, 0.9522

 

[WindsorBrokers]

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

EUR/USD
Continues to channel higher off 1.3507, 07 Feb low, after fresh strength emerged from 1.3610, yesterday’s higher platform. Clearance of previous high at 1.3687 has so far reached 1.3743, following break through 1.3724 barrier, 61.8% retracement of 1.3860/1.3507 downleg. Corrective pullback needs to hold above 1.3660, trendline connecting 1.3507 and 1.3610, to maintain immediate bulls for upside extension through 1.3743 to test 1.3766/76, 02 Feb low / channel resistance, break of which would signal return to 1.3824 and key near-term resistance at 1.3860. At the downside, 1.3610/1.3590 zone offers strong support and possible break lower will sideline near-term bulls and re-expose 1.3507. Loss of the latter to confirm lower top at 1.3643 and resume correction from 1.3860.

Res: 1.3730, 1.3743, 1.3766, 1.3776
Sup: 1.3660, 1.3610, 1.3590, 1.3570

GBP/USD
Continues to trade sideways after upside rejection under key 1.6297 resistance at 1.6277 and subsequent reversal has so far found support at 1.6030/20 zone. Near-term structure off 1.5750 remains supportive while above 1.6010/1.5990, 50% retracement of 1.5750/1.6277 / 20 day MA, with loss of the latter to open way for further reversal and expose 1.5953, 61.8%, possibly 1.5821, 31 Jan higher low, on a break. At the upside, clearance of 1.6161/84 is required to resume bulls towards keys resistance zone at 1.6277/97 and open fresh phase higher.

Res: 1.6123, 1.6160, 1.6184, 1.6228
Sup: 1.6035, 1.6027, 1.6015, 1.6002

USD/JPY
Bounce off 81.10, 04 Feb fresh low, keeps near-term focus at the upside after temporary support was found at 82.19 yesterday, and clearance of previous high at 82.65 looking for further extension to test 83.00/20 zone. Break here is required to confirm higher low at 81.10 and look for test of 83.67, to open key short-term resistance at 84.49, break of which will signal an extension of recovery attempt from 80.24, 01 Nov 2010 low. Immediate support lies at 81.76 and loss here to re-expose 81.10/80.92, key near-term support zone.

Res: 82.71, 83.08, 83.20, 83.67
Sup: 82.49, 82.19, 81.99, 81.76

USD/CHF
Extends near-term recovery from 0.9327, to break above 0.9607, 61.8% of 0.9782/0.9327 decline, and reach 0.9659 so far, just under of 0.9672/85, 76.4% / 21 Jan previous high, ahead of correction. Loss of initial support at 0.96 zone has seen reversal to 0.9550, where a support was found for now, with fresh strength aiming at 0.9659/85, with break above the latter to focus key near-term resistance zone at 0.9762/84, clearance of which is required to resume recovery from 0.9301, 31 Dec 2010 historical low. At the downside, 0.9550/21 area need to hold to maintain immediate bulls, otherwise, deeper reversal into 0.9490/55 would be likely scenario.

Res: 0.9627, 0.9659, 0.9672, 0.9685
Sup: 0.9550, 0.9522, 0.9490, 0.9455

 

[WindsorBrokers]

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

EUR/USD
Extends reversal from yesterday’s fresh high at 1.3743, losing supports at 1.3610/1.3590, to turn near-term tone bearish and expose 1.3507, key near-term support, for retest. Loss of the latter will confirm lower top at 1.3743 and signal further retracement of 1.2872/1.3860 upleg, with immediate focus on 1.3483, 38.2% and 1.3395 on a break. However, holding above 1.3507 keeps hopes of fresh recovery alive, with regain of 1.3743 needed to reopen 1.3766 and 1.3824.

Res: 1.3652, 1.3687, 1.3743, 1.3766
Sup: 1.3570, 1.3542, 1.3507, 1.3483

GBP/USD
Today’s fresh weakness briefly broke through 1.6035 support, with sustained break lower to weaken the near-term structure. Downside loss of 1.5990/53 to sideline near-term bulls and open key supports at 1.5821/1.5750 for retest. Upside, 1.6123 caps for now and only break here to improve tone, while clearance of 1.6161/84 needed to re-expose 1.6277//97.

Res: 1.6073, 1.6123, 1.6160, 1.6184
Sup: 1.6010, 1.6002, 1.5965, 1.5953

USD/JPY
Bounce off 81.10, 04 Feb fresh low, keeps near-term focus at the upside after temporary support was found at 82.19 yesterday, and clearance of previous high at 82.65 currently testing 83.00/20 zone. Break here is required to confirm higher low at 81.10 and look for test of 83.67, to open key short-term resistance at 84.49, break of which will signal an extension of recovery attempt from 80.24, 01 Nov 2010 low. Immediate supports lie at 82.50/20, ahead of 81.76, loss of which to re-expose 81.10/80.92, key near-term support zone.

Res: 83.20, 83.67, 83.88, 84.49
Sup: 82.60, 82.49, 82.19, 81.99

USD/CHF
Extends near-term recovery from 0.9327, to break above 0.9607, 61.8% of 0.9782/0.9327 decline, and reach 0.9676 so far, just under of 0.9685, 21 Jan previous high, after shallow correction from 0.9659 found footstep at 0.9550. Break above 0.9685 to focus key near-term resistance zone at 0.9762/84, clearance of which is required to resume recovery from 0.9301, 31 Dec 2010 historical low. At the downside, 0.9550/21 zone offers immediate support.

Res: 0.9685, 0.9739, 0.9762, 0.9784
Sup: 0.9610, 0.9550, 0.9522, 0.9490

 

[WindsorBrokers]

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

EUR/USD

Extends reversal from yesterday’s fresh high at 1.3743, losing supports at 1.3610/1.3590, to turn near-term tone bearish and expose 1.3507, key near-term support, for retest. Loss of the latter will confirm lower top at 1.3743 and signal further retracement of 1.2872/1.3860 upleg, with immediate focus on 1.3483, 38.2% and 1.3395 on a break. However, holding above 1.3507 keeps hopes of fresh recovery alive, with regain of 1.3743 needed to reopen 1.3766 and 1.3824.

Res: 1.3652, 1.3687, 1.3743, 1.3766
Sup: 1.3570, 1.3542, 1.3507, 1.3483

GBP/USD

Today’s fresh weakness briefly broke through 1.6035 support, with sustained break lower to weaken the near-term structure. Downside loss of 1.5990/53 to sideline near-term bulls and open key supports at 1.5821/1.5750 for retest. Upside, 1.6123 caps for now and only break here to improve tone, while clearance of 1.6161/84 needed to re-expose 1.6277//97.

Res: 1.6073, 1.6123, 1.6160, 1.6184
Sup: 1.6010, 1.6002, 1.5965, 1.5953

USD/JPY

Bounce off 81.10, 04 Feb fresh low, keeps near-term focus at the upside after temporary support was found at 82.19 yesterday, and clearance of previous high at 82.65 currently testing 83.00/20 zone. Break here is required to confirm higher low at 81.10 and look for test of 83.67, to open key short-term resistance at 84.49, break of which will signal an extension of recovery attempt from 80.24, 01 Nov 2010 low. Immediate supports lie at 82.50/20, ahead of 81.76, loss of which to re-expose 81.10/80.92, key near-term support zone.

Res: 83.20, 83.67, 83.88, 84.49
Sup: 82.60, 82.49, 82.19, 81.99

USD/CHF

Extends near-term recovery from 0.9327, to break above 0.9607, 61.8% of 0.9782/0.9327 decline, and reach 0.9676 so far, just under of 0.9685, 21 Jan previous high, after shallow correction from 0.9659 found footstep at 0.9550. Break above 0.9685 to focus key near-term resistance zone at 0.9762/84, clearance of which is required to resume recovery from 0.9301, 31 Dec 2010 historical low. At the downside, 0.9550/21 zone offers immediate support.

Res: 0.9685, 0.9739, 0.9762, 0.9784
Sup: 0.9610, 0.9550, 0.9522, 0.9490

 

[WindsorBrokers]

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

EUR/USD

Has extended reversal from 1.3743, yesterday’s high, breaking through 1.3610/1.3590 support zone to post series of fresh lows, with 1.3551 seen latest. Near term studies remain weak and looking for retest of 1.3507, week’s low and key near-term suport. Break here to signal an extension of corrective phase from 1.3860 and turn immediate focus at 1.3483/1.3395, 38.2% of 1.2872/1.3860 / 20 Jan low. Upside remains capped by 1.3620/45, today’s high / 55 day MA.

Res: 1.3620, 1.3645, 1.3652, 1.3687
Sup: 1.3542, 1.3507, 1.3483, 1.3417

GBP/USD

Break through 1.6035 support has senn extension to 1.6010, 50% of 1.5750/1.6277 ascend, followed by bounce that stalled at 1.6136, confirming stong resistance zone at 1.6120/60. Near-term tone favors fresh attempt through 1.60 support area to target 1.5950, 61.8%, loss of which would signal return to 1.5821 and 1.5750, key higher lows. Only break above 1.6160/84 brings bulls back in play.

Res: 1.6112, 1.6136, 1.6160, 1.6184
Sup: 1.6010, 1.6002, 1.5965, 1.5950

USD/JPY

Bounce off 81.10, 04 Feb fresh low, keeps near-term focus at the upside after support was found at 82.19, and clearance of 83.00/20 resistance zone, now approaching 83.67, 07 Jan high. Break here is required to confirm higher low at 81.10 and open key short-term resistance at 84.49, break of which will signal an extension of recovery attempt from 80.24, 01 Nov 2010 low. Overbough hourly studies warn of correctio, with 82.60/50 expected to contain dips.

Res: 83.67, 83.88, 84.49, 85.00
Sup: 83.05, 82.60, 82.50, 82.19

USD/CHF

Extends near-term recovery from 0.9327, to break above 0.9685, 21 Jan previous high and 0.97 barrier. This brings in focus key near-term resistance zone at 0.9762/84, clearance of which is required to resume recovery from 0.9301, 31 Dec 2010 historical low. At the downside, 0.9565/50 should hold to keep immediate bulls in play.

Res: 0.9739, 0.9762, 0.9784, 0.9800
Sup: 0.9660, 0.9625, 0.9590, 0.9565

 

[WindsorBrokers]

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

EUR/USD

Continues to decline following an upside rejection at 1.3743 on 09 Feb and break through 1.36 support zone, to dent key near-term support at 1.3505. Clear break here will open way for fresh leg lower and expose 1.3483, 61.8% retracement of 1.2872/1.3680, ahead of 1.3395, 20 Jan low and 1.3365, 50% level. Near-term studies favor further weakness, with 1.3620/36 expected to cap corrective attempts on oversold hourly conditions.

Res: 1.3540, 1.3575, 1.3620, 1.3636
Sup: 1.3504, 1.3483, 1.3441, 1.3395

GBP/USD

Extends weakness through 1.6010/1.5990 support zone, to reach fresh low at 1.5964, after yesterday’s recovery failure at 1.6136. This marks nearly 61.8% retracement of 1.5750/1.6277 ascend, with break below the latter to trigger further extension reversal from 1.6277 peak, to possibly expose 1.5821 and 1.5750, key near-term higher low. Upside, 1.6010/35 zone offers immediate resistance, and only regain of 1.6136 to signal fresh strength.

Res: 1.6010, 1.6035, 1.6068, 1.6112
Sup: 1.5964, 1.5950, 1.5920, 1.5895

USD/JPY

Bounce off 81.10, 04 Feb fresh low, keeps near-term focus at the upside after support was found at 82.19, and clearance of 83.00/20 resistance zone, now approaching 83.67, 07 Jan high. Break here is required to confirm higher low at 81.10 and open key short-term resistance at 84.49, break of which will signal an extension of recovery attempt from 80.24, 01 Nov 2010 low. Correction on overbought hourly conditions is under way, with 82.60/50 expected to contain dips.

Res: 83.67, 83.88, 84.49, 85.00
Sup: 83.05, 82.60, 82.50, 82.19

USD/CHF

Extends near-term recovery from 0.9327, to break above 0.9685, 21 Jan previous high and 0.97 barrier, and extend gains to 0.9747 so far.. This brings in focus key near-term resistance zone at 0.9762/84, clearance of which is required to resume recovery from 0.9301, 31 Dec 2010 historical low. Immediate support lies at 0.9685, now reverted to support, with further dips to be contained by 0.9587, to keep immediate bulls in play.

Res: 0.9747, 0.9762, 0.9784, 0.9800
Sup: 0.9685, 0.9660, 0.9625, 0.9587