Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

Trades in a corrective/consolidative mode after fresh weakness from 1.3743, 07 Feb lower high, briefly broke below 1.3507, 07 Feb low, last Friday. Immediate resistance lies at 1.3570/76, ahead of 1.3619/37, 50% retracement of 1.3743/1.3496 down leg / 10 Feb high. Downside, 1.3516/1.3496, 55 day MA / Friday’s fresh low, underpins the corrective attempt, while regain of 1.3650 needed to re-expose 1.3743, otherwise, early upside rejection lower top and fresh attempt at 1.3496, loss of which will resume the near-term downtrend and open 1.3483, 61.8% of 1.2872/1.3860, then 1.3395, 20 Jan low.

Res: 1.3557, 1.3576, 1.3619, 1.3636
Sup: 1.3527, 1.3507, 1.3496, 1.3483

GBP/USD

Upside rejection at 1.6136 triggered fresh weakness through 1.6010/1.5990 support zone, to post fresh lows at 1.5964/57 last Friday. Recovery attempt is under way, with clearance of 1.6090, trendline connecting 1.6277 and 1.6136, needed to signal further recovery and look for test of 1.6136. Above here to target 1.6157/84 zone. Failure under 1.6136, however, would signal resumption of recent downtrend from 1.6277 and re-open 1.5957, then 1.5821, possibly 1.5750, key near-term support, on a break..

Res: 1.6076, 1.6090, 1.6112, 1.6136
Sup: 1.6000, 1.5964, 1.5957, 1.5920

USD/JPY

Remains a in a near-term uptrend off 81.10, 04 Feb low, with break above 83.20 barrier, extending gains to test 83.67, 07 Jan lower high. Break here is needed to open key near-term resistance at 84.49, break of which will signal an extension of recovery from 80.24, 01 Nov 2010 low. Immediate support lies at 83 zone, while loss of 82.19/07 will end hopes of recovery and re-focus 81.10/80.92.

Res: 83.67, 83.88, 84.49, 85.00
Sup: 83.05, 82.80, 82.60, 82.19

USD/CHF

Extends near-term recovery from 0.9327, to break above 0.9685/0.97 resistance zone, and 0.9762, extending gains to 0.9773, just under key short-term resistance at 0.9784. Clearance of the latter will confirm double bottom and open way for fresh leg higher, exposing 0.9850 initially. Downside, 0.9680/60 zone offers immediate support, while only loss of 0.9520/00 will turn focus lower.


Res: 0.9773, 0.9784, 0.9800, 0.9850
Sup: 0.9680, 0.9660, 0.9603, 0.9550

 

[WindsorBrokers]

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

EUR/USD

Today’s recovery attempt off 1.3496 was capped by 1.3555, with subsequent reversal breaking through 1.3496/83 supports, to extend losses to 1.3427 and test previous 31 Dec 10 / 04 Jan 11 highs, so far. Near-term outlook favors further weakness and brings 1.3395/66, 20 Jan low / 50% of 1.2872/1.3860, in focus next. Oversold hourly conditions, however, see scope for correction, with immediate resistance at 1.3500/10, and 1.3555/70 expected to cap.

Res: 1.3496, 1.3507, 1.3557, 1.3570
Sup: 1.3427, 1.3395, 1.3366, 1.3350

GBP/USD

Upside failure at 1.6076, just under trendline resistance at 1.6085 keeps near-term focus at the downside, with break under 1.60, exposing key levels at 1.5965, triangle support and 1.5957/50, previous low / 61.8% of 1.5750/1.6277, break of which to expose key higher lows at 1.5821 and 1.5750. Upside remains limited by 1.6076/85 for now.

Res: 1.6034, 1.6076, 1.6085, 1.6112
Sup: 1.5964, 1.5957, 1.5950, 1.5920

USD/JPY
Resumes near-term uptrend from 81.10, 04 Feb low, after pullback from 83.66 fresh high, found support, just above 83, ahead of fresh strength. Clearance of 83.66/67 to expose key near-term resistance at 84.49, break of which will signal an extension of recovery from 80.24, 01 Nov 2010 low. Immediate support lies at 83 zone, while loss of 82.19/07 will end hopes of recovery and re-focus 81.10/80.92.

Res: 83.67, 83.88, 84.49, 85.00
Sup: 83.05, 82.80, 82.60, 82.19

USD/CHF

Extends near-term recovery from 0.9327, to break above 0.9685/0.97 resistance zone, and 0.9762, extending gains to 0.9773, just under key short-term resistance at 0.9784. Clearance of the latter will confirm double bottom and open way for fresh leg higher, exposing 0.9850 initially. Downside, 0.9680/60 zone offers immediate support, while only loss of 0.9520/00 will turn focus lower.


Res: 0.9773, 0.9784, 0.9800, 0.9850
Sup: 0.9700, 0.9680, 0.9660, 0.9603

 

[WindsorBrokers]

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

EUR/USD

Yesterday’s recovery attempt from 1.35 zone was capped by 1.3555 and followed by sharp fall to post fresh low at 1.3427, retracing between 38.2% and 50% of 1.2872/1.3860 ascend. Correction off 1.3427 is seen limited by 1.3555/70, with break of the latter to signal recovery towards 1.3625/35 and possible attempt at 1.3670, descending trendline, connecting 1.3860 and 1.3743. Holding below 1.3570, however, suggest a resumption of near-term bears and loss of 1.3427 to turn focus to 1.3395, 20 Jan low / channel support and 1.3366, 50% retracement, break of which would accelerate losses and expose 1.3252/43, 61.8% / 17 Jan higher low.

Res: 1.3526, 1.3557, 1.3570, 1.3618
Sup: 1.3427, 1.3395, 1.3366, 1.3350

GBP/USD

Remains in near-term downtrend off 1.6277, 03 Feb low, narrowing the range after recovery attempt from fresh low at 1.5960, 61.8% of 1.5750/1.6277 upleg stays capped by 1.6076/61. Break below 1.6000/1.5960 is required to signal fresh weakness and look for attack at key near-term supports at 1.5821/1.5750, loss of which would confirm lower top at 1.6277 and open way for possible test of 1.5404/1.5343, short-term.

Res: 1.6060, 1.6076, 1.6085, 1.6112
Sup: 1.5980, 1.5964, 1.5957, 1.5950

USD/JPY

Near-term uptrend off 81.10, 04 Feb low, has fully retraced the recent 83.67/81.10 decline, with correction to 83.08 followed. Fresh strength looks to break through 83.67 to expose key near-term resistance at 84.49, clearance of which will confirm higher lows at 80.92/81.10 and extension of broader recovery attempt from 80.24, 2010 low.

Res: 83.67, 83.88, 84.49, 85.00
Sup:83.18, 83.05, 82.80, 82.60

USD/CHF

Extends near-term recovery from 0.9327, to clear 0.9685/0.97 and 0.9762 resistances, extending gains to 0.9773, just under key short-term resistance at 0.9784. Correction lower has so far found foothold at 0.9680, with fresh strength looking for retest of 0.9773/84, break of which is needed to confirm higher low at 0.9327 and open way for stronger recovery towards 0.9850/0.9910. At the downside, immediate support lies at 0.9680, ahead of 0.9603/0.9550, 38.2% / 50% retracement of 0.9327/0.9773 ascend.


Res: 0.9741, 0.9773, 0.9784, 0.9800
Sup: 0.9680, 0.9660, 0.9603, 0.9550

 

[WindsorBrokers]

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

EUR/USD

Extended decline from 1.3743 09 Feb lower high, to post fresh low at 1.3427 yesterday, ahead of the latest recovery attempt. This is seen capped by 1.3550, 38.2% of 1.3743/1.3427 decline for now, with lift above 1.3550/76 required to signal further recovery and open 1.3584, 50%, and 1.3620/37, 61.8% / 10 Feb intraday high. Upside rejection under 1.36, however, signal lower top and fresh weakness for retest of 1.3427 and attempt at 1.3395, 20 Jan low / channel support and 1.3366, 50% retracement of 1.2872/1.3860 upleg.

Res: 1.3550, 1.3557, 1.3570, 1.3620
Sup: 1.3460, 1.3427, 1.3395, 1.3366

GBP/USD

Reversal from 1.6277, 03 Feb high, has so far found good support at 1.60 zone, ahead of strong rally that cleared several resistances and retraced over 61.8% of 1.6277/1.5996 decline at 1.6169, just ahead of 1.6184, 07 Feb lower high. Break here is needed to open way for test of 1.6277/97, key near-term resistances, clearance of which will trigger fresh phase higher. Immediate support lies at 1.6114/05.

Res: 1.6169, 1.6184, 1.6228, 1.6277
Sup: 1.6114, 1.6105, 1.6090, 1.6076

USD/JPY

Extends recovery from 81.10 low to break above 83.67, previous high of 07 Feb to test 83.90, 21 Dec 2010 high, ahead of possible extension to 84.19 and final attempt at 84.49, 15 Dec 2010 high and key short-term resistance. Break here is needed to trigger fresh leg higher on recovery attempt from 80.24, 01 Nov 2010 low. Higher platform at 83.18/07 underpins the advance.

Res: 83.90, 84.19, 84.49, 85.00
Sup: 83.58, 83.18, 83.05, 82.80

USD/CHF

Extends near-term recovery from 0.9327, through 0.9685/ 0.9762 resistances, extending gains to 0.9773, just under key short-term resistance at 0.9784. Correction lower has so far found foothold at 0.9680, with fresh strength looking for retest of 0.9773/84, break of which is needed to confirm higher low at 0.9327 and open way for stronger recovery towards 0.9850/0.9910. At the downside, immediate support lies at 0.9680, ahead of 0.9603/0.9550, 38.2% / 50% retracement of 0.9327/0.9773 ascend.


Res: 0.9741, 0.9773, 0.9784, 0.9800
Sup: 0.9680, 0.9660, 0.9603, 0.9550

 

[WindsorBrokers]

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

EUR/USD

Near-term price action has found temporary support at 1.3427, with fresh strength attempting through 1.3555/76 resistance zone. Break here is needed to confirm immediate recovery mode and look for upside extension towards 1.3625/35, then trendline resistance, currently at 1.37. Failure to clearly break above 1.3576 will signal a resumption of near-term downtrend from 1.3860 and loss of 1.3427 to turn focus to 1.3395, 20 Jan low / channel support and 1.3366, 50% retracement, break of which would accelerate losses and expose 1.3252/43, 61.8% / 17 Jan higher low.

Res: 1.3569, 1.3576, 1.3620, 1.3635
Sup: 1.3519, 1.3475, 1.3460, 1.3427

GBP/USD

Maintains near-term positive tone after reversal from 1.6277 high left a higher low at 1.5957 on 14 Feb. Fresh bulls emerging from the latter have so far retraced over 61.8% of 1.6277/1.5957 downleg, to attempt at 1.6184, en-route to key resistances at 1.6277/97. Break above here will signal fresh phase higher and extension of broader recovery from 1.4230, 16 May 2010 higher low. Higher platform at 1.6118 offers immediate support, while loss of 1.6070 would question near-term bulls.

Res: 1.6184, 1.6228, 1.6277, 1.6297
Sup: 1.6140, 1.6118, 1.6105, 1.6095

USD/JPY

Extends recovery from 81.10 low to break above 83.67, previous high of 07 Feb and test 83.90, 21 Dec 2010 high, ahead of possible extension to 84.19 and final attempt at 84.49, 15 Dec 2010 high and key short-term resistance. Break here is needed to trigger fresh leg higher on recovery attempt from 80.24, 01 Nov 2010 low. Higher platform at 83.18/07 underpins the advance.

Res: 83.90, 84.19, 84.49, 85.00
Sup: 83.60, 83.18, 83.05, 82.80

USD/CHF

Extended near-term recovery from 0.9327, 02 Feb low, to nearly fully retrace 0.9782/0.9327 decline, reaching 0.9773, ahead of pullback on overbought hourly conditions. This is seen corrective while 0.9600/0.9550 zone holds, with scope for retest of 0.9784. Break here is needed to signal fresh recovery and focus 0.9850/0.9925 next. Only loss of 0.9520/00 zone would sideline near-term bulls.

Res: 0.9673, 0.9727, 0.9741, 0.9773
Sup: 0.9603, 0.9550, 0.9520, 0.9500

 

[WindsorBrokers]

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

EUR/USD

Near-term bulls remain capped by 1.3570/76 zone for now, as renewed attempt higher stalls at 1.3569 today. Subsequent reversal has so far seen brief dip below 1.35, with sustained break lower to turn immediate tone negative and focus 1.3475/50, ahead of possible return to 1.3427, loss of which will resume the broader downtrend from 1.3860 and open 1.3395 next. Early downside rejection above 1.3475, however, would signal fresh strength, with clearance of 1.3576 needed to confirm.

Res: 1.3550, 1.3569, 1.3576, 1.3620
Sup: 1.3475, 1.3460, 1.3427, 1.3395

GBP/USD

Has extended recovery from 1.5957, 14 Feb low, to test 1.6184, 07 Feb previous high, ahead of sharp reversal. Near-term tone is now negative, looking for break below 1.6005, to focus 1.5957, break of which would confirm lower high at 1.6184 and open way towards 1.5821 and 1.5750, 31/25 Jan higher lows. At the upside, 1.6080/1.6118 cap for now.

Res: 1.6080, 1.6118, 1.6169, 1.6184
Sup: 1.5980, 1.5957, 1.5911, 1.5862

USD/JPY

Extends recovery from 81.10 low to break above 83.67, previous high of 07 Feb and test 83.90, 21 Dec 2010 high, ahead of possible extension to 84.19 and final attempt at 84.49, 15 Dec 2010 high and key short-term resistance. Break here is needed to trigger fresh leg higher on recovery attempt from 80.24, 01 Nov 2010 low. Higher platform at 83.18/07 underpins the advance.

Res: 83.90, 84.19, 84.49, 85.00
Sup: 83.60, 83.18, 83.05, 82.80

USD/CHF

Reversal off 0.9773, 11 Feb high, found support at 0.9615, just above 38.2% retracement of 0.9327/0.9773 ascend, ahead of strong rally. Market has so far regained 0.9337, en-route to 0.9773/84 resistance zone, break of which will trigger fresh recovery and focus 0.9850/0.9925 next. Downside, 0.9662 offers immediate support.

Res: 0.9737, 0.9743, 0.9773, 0.9784
Sup: 0.9714, 0.9684, 0.9660, 0.9642

 

[WindsorBrokers]

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

EUR/USD

Near-term recovery from 1.3427, 14 Feb low, has so far tested 1.3608, after several unsuccessful attempts at 1.3570/76 resistance zone, with subsequent pullback finding support at 1.3461. Immediate target lies at 1.3620, 11 Feb low / 61.8% of 1.3743/1.3427 downleg and 1.3637, 10 Feb intraday high, break of which would open way for retest of 1.3743, key near-term lower top. Clearance of the latter will signal an end of correction from 1.3860, 02 Feb top. At the downside, strong support lies at 1.3461, ahead of key 1.3427, loss of which will resume correction of 1.2872/1.3860 ascend and expose 1.3395/61, 20 Jan low / 61.8% retracement .

Res: 1.3608, 1.3620, 1.3637, 1.3652
Sup: 1.3550, 1.3475, 1.3460, 1.3427

GBP/USD

Trades in a corrective / consolidative mode after pullback from 1.6277, 03 Feb fresh high, found support at 1.5957. However, upside remains capped at 1.6184, with break here required to open 1.6277/97, key resistance zone, and clearance here to resume broader recovery from 1.4230, May 2010 yearly low. 1.5985/57, recent range bottom, offers initial support and while trading above here, near-term focus remains at the upside. Break below 1.5957 would weaken the structure and expose 1.5821/1.5750 lows, near-term.

Res: 1.6118, 1.6169, 1.6184, 1.6228
Sup: 1.6083, 1.6057, 1.5985, 1.5957

USD/JPY

Break above 83.67 resistance has extended recovery from 81.10, 04 Feb yearly low, to test 84.00 zone so far, ahead of key short-term resistance area at 84.39/49, break of which is needed to trigger fresh recovery phase from 80.24, Nov 2011 15-year low and expose 85.40/90 next. At the downside, 83.20/00 zone is expected to contain corrective pullbacks, to maintain immediate bulls, otherwise, loss of the latter to signal stronger correction into 82.87/50, Fibonacci retracement 38.2% and 50% zone.

Res: 83.99, 84.19, 84.49, 85.00
Sup: 83.18, 83.05, 82.87, 82.54

USD/CHF

Has retraced 50% of 0.9327/0.9773 upleg after recovery attempt from 0.9327, 02 Feb higher low failed at 0.9773, just under key near-term barrier at 0.9782, with subsequent reversal dipping to 0.9552 so far. Near-term tone has turned negative and favors further weakness towards 0.9520/00 zone, while 0.9737, yesterday’s lower top caps, with break here needed to expose 0.9773/82, above which will signal an extension of correction from 0.9301/27, 31 Dec 2010 historical low / 02 Feb 2011 low, and open 0.9850/0.99 zone next.

Res: 0.9737, 0.9743, 0.9773, 0.9784
Sup : 0.9552, 0.9522, 0.9500, 0.9462

 

[WindsorBrokers]

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

EUR/USD

Consolidates above 1.3535 after recovery from 1.3427, 14 Feb low, and 1.3461 higher low, stalled at 1.3608. Holding above 1.3535, today’s higher platform, keeps immediate focus at the upside, with clearance of 1.3608 to target 1.3620, 11 Feb low / 61.8% of 1.3743/1.3427 downleg and 1.3637, 10 Feb intraday high, break of which would open way for retest of 1.3743, key near-term lower top. Loss of 1.3535, however, delays, while below 1.3461/1.3527, key near-term supports will signal fresh extension of 1.2872/1.3860 upleg correction.

Res: 1.3590, 1.3608, 1.3620, 1.3637
Sup: 1.3550, 1.3535, 1.3475, 1.3460

GBP/USD

Trades in a corrective / consolidative mode after pullback from 1.6277, 03 Feb fresh high, found support at 1.5957. Upside remains capped at 1.6170/84 for now, with break here required to open 1.6277/97, key resistance zone, and clearance here to resume broader recovery from 1.4230, May 2010 yearly low. 1.5985/57, recent range bottom, offers initial support and while trading above here, near-term focus remains at the upside. Break below 1.5957 would weaken the structure and expose 1.5821/1.5750 lows, near-term.

Res: 1.6145, 1.6170, 1.6184, 1.6228
Sup: 1.6112, 1.6075, 1.6057, 1.5985

USD/JPY

Break above 83.67 resistance has extended recovery from 81.10, 04 Feb yearly low, to test 84.00 zone so far, ahead of key short-term resistance area at 84.39/49, break of which is needed to trigger fresh recovery phase from 80.24, Nov 2011 15-year low and expose 85.40/90 next. At the downside, 83.20/00 zone is expected to contain corrective pullbacks, to maintain immediate bulls, otherwise, loss of the latter to signal stronger correction into 82.87/50, Fibonacci retracement 38.2% and 50% zone.

Res: 83.73, 83.96, 84.19, 84.49
Sup: 83.18, 83.08, 82.87, 82.54

USD/CHF

Broke below 0.9550 support, to extend reversal off 0.9773, 11 Feb peak, to 0.9510, just above 0.9500, 61.8% retracement of 0.9327, 02 Feb low. Negative near-term tone looks for break below 0.9500 to signal an end of recovery attempt and focus 0.9462/20, ahead of possible full retracement of the recent ascend. At the upside, 0.9600 offers immediate resistance.

Res: 0.9581, 0.9600, 0.9638, 0.9690
Sup : 0.9500, 0.9462, 0.9420, 0.9394

 

[WindsorBrokers]

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

EUR/USD

Has slightly extended gains above yesterday’s 1.3608, to test 1.3626, 61.8% retracement of 1.3743/1.3427 decline, but failed to sustain gains and reversed below 1.36. 55-day MA, currently at 1.3565 and yesterday’s higher platform at 1.3540, underpin the latest advance for fresh attempt through 1.3626, to target 1.3642/94, 50% / 61.8% of 1.3860/1.3427, ahead of possible attack at 1.3743, 09 Feb lower high. At the downside, loss of 1.3640 will allow for stronger reversal, while break below 1.35 to signal lower top.

Res: 1.3615, 1.3626, 1.3642, 1.3694
Sup: 1.3565, 1.3550, 1.3540, 1.3475

GBP/USD

Consolidated in a narrow range after break above 1.6169, descending trendline off 1.6277 high and test of resistance at 1.6184, 07/16 Feb highs. Fresh strength from 1.6150, range floor, broke above 1.6184, turning focus to key short-term barriers at 1.6277/97. At the downside, 1.6110 offers strong support and expected to contain corrective dips.

Res: 1.6228, 1.6277, 1.6297, 1.6350
Sup: 1.6149, 1.6110, 1.6075, 1.6057

USD/JPY

Break above 83.67 resistance has extended recovery from 81.10, 04 Feb yearly low, to test 84.00 zone so far, ahead of key short-term resistance area at 84.39/49, break of which is needed to trigger fresh recovery phase from 80.24, Nov 2011 15-year low and expose 85.40/90 next. At the downside, 83.20/00 zone is expected to contain corrective pullbacks, to maintain immediate bulls, otherwise, loss of the latter to signal stronger correction into 82.87/50, Fibonacci retracement 38.2% and 50% zone.

Res: 83.40, 83.73, 83.96, 84.19
Sup: 83.15, 83.05, 82.87, 82.54

USD/CHF

Extends reversal from 0.9773, 11 Feb peak, breaking through 0.9500, 61.8% retracement of 0.9327, 02 Feb low, to post fresh low at 0.9476. This may signal an end of recovery attempt from 0.9327, 02 Feb low, as negative near-term studies look for further downside extension and test of 0.9420/0.9394, ahead of possible full retracement of the recent upleg. Oversold hourly conditions, however, warn of correction, with 0.9600 limiting the upside for now.

Res: 0.9551, 0.9581, 0.9600, 0.9638
Sup : 0.9476, 0.9462, 0.9420, 0.9394

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD

Remains in a near-term uptrend after pullback from overnight’s 1.3608 high was contained by 1.3540/35 support zone. Fresh strength accelerated through 1.3608 to test 1.3640, 50% retracement of 1.3860/1.3427 decline, with 1.3694, 61.8%, in sight, before final attempt towards 1.3743, 09 Feb lower high. Break here is needed to signal an end of corrective phase from 1.3860 and open the latter for retest. Immediate support lies at 1.3615/1.3590 area, while 1.3540/35 remains key.

Res: 1.3645, 1.3694, 1.3743, 1.3788
Sup: 1.3615, 1.3605, 1.3590, 1.3540

GBP/USD

Narrow consolidation under 1.6184 preceded the fresh push higher. Lift above 1.6184 has so far tested 1.6246, just ahead of key short-term resistance zone at 1.6277/97. Break here will signal a fresh phase higher and extend broader uptrend from 1.4230, May 2010 higher low. At the downside, 1.6184, now reverted to support, and 1.6149, underpin the advance.

Res: 1.6277, 1.6297, 1.6350, 1.6456
Sup: 1.6184, 1.6149, 1.6110, 1.6075

USD/JPY

Remains in a near-term corrective/consolidative mode after break above 83.67, previous high, peaked at 83.96, en-route to 84.49, key short-term resistance. Immediate support lies at 83.10 area, 55 day MA / 14/17 Feb lows, also neckline of asymmetric head and shoulders pattern on 4 hour chart, loss of which would signal further correction and open 82.87/52, 38.2% / 50% retracement of 81.10/83.96 upleg.

Res: 83.48, 83.73, 83.96, 84.19
Sup: 83.15, 83.05, 82.87, 82.52

USD/CHF

Extends reversal from 0.9773, 11 Feb peak, breaking through 0.9500, 61.8% retracement of 0.9327, 02 Feb low, to post fresh low at 0.9476. This may signal an end of recovery attempt from 0.9327, 02 Feb low, as negative near-term studies look for further downside extension and test of 0.9420/0.9394, ahead of possible full retracement of the recent upleg. Corrective attempt off 0.9476 is so far capped by 0.9536.

Res: 0.9536, 0.9551, 0.9581, 0.9600
Sup :0.9486, 0.9476, 0.9462, 0.9420

 

[WindsorBrokers]

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

EUR/USD

Maintains positive near-term tone after Friday’s reversal found support at 1.3545 and sharp rally broke above 1.37 barrier, 61.8% retracement of 1.3860/1.3427 decline.. Corrective pullback is seen preceding fresh strength, with 1.3650/30 expected to contain dips. Above 1.3714, overnight high, immediate focus turns to 1.3743, 09 Feb lower high. Clearance of the latter to signal an end of correction from 1.3860 and expose 1.3766/88 next.

Res: 1.3714, 1.3743, 1.3766, 1.3788
Sup: 1.3665, 1.3645, 1.3620, 1.3605

GBP/USD

Has nearly fully retraced the recent pullback from 1.6277, 03 Feb high, that bottomed at 1.5957. Fresh strength has so far reached 1.6262, en-route to 1.6277 lower high, break of which to expose key short-term resistance at 1.6297. Above here to open fresh phase higher of the broader recovery from 1.4230. At the downside, 1.6200/1.6185 offers initial support, with 1.6150 expected to hold dips, to keep immediate bulls in play.


Res: 1.6248, 1.6277, 1.6297, 1.6350
Sup: 1.6205, 1.6185, 1.6149, 1.6110

USD/JPY

Remains in a near-term corrective/consolidative mode after break above 83.67, previous high, peaked at 83.96, ahead of 84.49, key short-term resistance. Support zone at 83.10/00 area, 55 day MA / 14/17 Feb lows, also neckline of asymmetric head and shoulders pattern on 4 hour chart, is tested so far, and loss here would signal further correction and open 82.87/52, 38.2% / 50% retracement of 81.10/83.96 upleg.

Res: 83.52, 83.73, 83.96, 84.19
Sup: 83.01, 82.87, 82.52, 82.20

USD/CHF

Extends reversal from 0.9773, 11 Feb peak, breaking through 0.9500, 61.8% retracement of 0.9327, 02 Feb low, to post fresh low at 0.9432, 76.4% retracement of 0.9327/0.9773 ascend. This signals an end of recovery attempt from 0.9327, 02 Feb low, as negative near-term studies look for further downside extension and test of 0.9420/0.9394, ahead of possible full retracement of the recent upleg. Corrective attempts are seen capped by 0.9536 for now.

Res: 0.9536, 0.9551, 0.9581, 0.9600
Sup: 0.9432, 0.9420, 0.9365, 0.9327

 

[WindsorBrokers]

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

EUR/USD
Trades in a near-term corrective mode after fresh strength from 1.3545 higher low, broke above 1.37 barrier, 61.8% retracement of 1.3860/1.3427 decline. Corrective pullback is seen preceding fresh strength, with immediate support at 1.3645/20. Potential break lower will open way for deeper correction towards 1.3600, 38.2% of 1.3427/1.3714. At the upside, clearance of 1.3714, fresh high, to target 1.3743, 09 Feb lower high. Clearance of the latter to signal an end of correction from 1.3860 and expose 1.3766/88 next.

Res: 1.3689, 1.3714, 1.3743, 1.3766
Sup: 1.3645, 1.3620, 1.3605, 1.3570

GBP/USD

Has nearly fully retraced the recent pullback from 1.6277, 03 Feb high, that bottomed at 1.5957. Fresh strength has so far reached 1.6262, en-route to 1.6277 lower high, break of which to expose key short-term resistance at 1.6297. Above here to open fresh phase higher of the broader recovery from 1.4230. At the downside, 1.6200/1.6185 offers initial support, with 1.6150 expected to hold dips, to keep immediate bulls in play.


Res: 1.6248, 1.6277, 1.6297, 1.6350
Sup: 1.6203, 1.6185, 1.6149, 1.6110

USD/JPY

Remains in a near-term corrective/consolidative mode after break above 83.67, previous high, peaked at 83.96, ahead of 84.49, key short-term resistance. Support zone at 83.10/00 area, 55 day MA / 14/17 Feb lows, also neckline of head and shoulders pattern on 4 hour chart, is tested so far, and loss here would signal further correction and open 82.87/52, 38.2% / 50% retracement of 81.10/83.96 upleg.

Res: 83.52, 83.73, 83.96, 84.19
Sup: 83.01, 82.87, 82.52, 82.20

USD/CHF

Extends reversal from 0.9773, 11 Feb peak, breaking through 0.9500, 61.8% retracement of 0.9327, 02 Feb low, to post fresh low at 0.9432, 76.4% retracement of 0.9327/0.9784 ascend. This signals an end of recovery attempt from 0.9327, 02 Feb low, as negative near-term studies look for further downside extension and test of 0.9420/0.9394, ahead of possible full retracement of the recent upleg. Corrective attempts are seen capped by 0.9536 for now.

Res: 0.9536, 0.9551, 0.9581, 0.9600
Sup: 0.9432, 0.9420, 0.9365, 0.9327

 

[WindsorBrokers]

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

EUR/USD

Underwent strong correction after rally from 1.3427, 14 Feb low stalled at 1.3714 yesterday, just ahead of 1.3743, 09 Feb lower top. The pair retraced over 61.8% of the latest 1.3427/1.3714 upleg at 1.3525, thus far, after losing supports at 1.3544/34. Fresh weakness towards 1.3461/27 and possible break lower to resume broader correction off 1.3860, would be likely scenario. At the upside, 1.3600 zone caps for now.

Res: 1.3595, 1.3624, 1.3646, 1.3685
Sup: 1.3525, 1.3506, 1.3475, 1.3461

GBP/USD

Reversal from 1.6262, 18 Feb high, just below key short-term resistance zone at 1.6277/97, accelerated losses after breaking below 1.6203/1.6185 supports, to break below 1.6149, 18 Feb higher low and retrace over 38.2% of 1.5985/1.6262 ascend. Near-term tone has turned bearish, with 1.6124/1.6090 seen next. Downside rejection above the latter, however, is expected to resume rally from 1.5985 and re-focus 1.6262/77 and 1.6297 on a break. Loss of 1.6090, however, would signal return to 1.5985/57 lows and confirm near-term lower hi9gh at 1.6262.

Res: 1.6177, 1.6192, 1.6227, 1.6248
Sup: 1.6133, 1.6124, 1.6110, 1.6090

USD/JPY

Bounced higher after corrective pullback from 83.96, 16 Feb high found temporary footstep at 82.83, near 38.2% retracement of 81.10/83.96 upleg. Recovery for now remains capped by 83.52, 18 Feb lower high / today’s spike high, with break here required to signal and end of correction from 83.96 and focus 83.74/96, above which will target key short-term resistance at 84.49. Failure to clear 83.52 and break below 82.83, however, will suggest stronger correction, and expose 82.52/20 zone next.

Res: 83.52, 83.73, 83.96, 84.19
Sup: 82.83, 82.52, 82.20, 81.76

USD/CHF

Trades in near-term consolidative mode, after an upside rejection at 0.9773, just under 0.9784, key short-term resistance, posted fresh low at 0.9432, 76.4% retracement of 0.9327/0.9784 ascend. This would signal an end of recovery attempt from 0.9327, 02 Feb low, as negative near-term studies look for further downside extension and test of 0.9420/0.9394, ahead of possible full retracement at 0.9327. Upside remains capped by 0.9536 for now.

Res: 0.9504, 0.9536, 0.9551, 0.9581
Sup: 0.9453, 0.9432, 0.9420, 0.9365

 

[WindsorBrokers]

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

EUR/USD
Reversal off 1.3714, yesterday’s high, found support at 1.3525. Bounce accelerated gains after clearing 1.36 barrier, through 1.3646, to test 1.3685, yesterday’s intraday high. Immediate focus is at 1.3714, then 1.3743, 09 Feb lower high, clearance of which would open 1.3860, key near-term resistance. At the downside, immediate support lies at 1.3630, ahead of 1.3600 zone.

Res: 1.3708, 1.3714, 1.3743, 1.3788
Sup: 1.3660, 1.3630, 1.3608, 1.3595

GBP/USD

Recovery attempt from 1.6131, today’s low and temporary support for the latest reversal from 1.6262, underwent congestive trading capped by 1.6180 for now. Break here is needed to resume recovery and eye 1.62/1.6230 zone, ahead of possible retest of 1.6262. Failure under 1.6180, however, would signal a resumption the near-term downtrend and open 1.6124/1.6093 next.

Res: 1.6180, 1.6192, 1.6227, 1.6248
Sup: 1.6131, 1.6124, 1.6110, 1.6093

USD/JPY

Bounced higher after corrective pullback from 83.96, 16 Feb high found temporary footstep at 82.83, near 38.2% retracement of 81.10/83.96 upleg. Recovery for now remains capped by 83.52, 18 Feb lower high / today’s spike high, with break here required to signal and end of correction from 83.96 and focus 83.74/96, above which will target key short-term resistance at 84.49. Failure to clear 83.52 and break below 82.83, however, will suggest stronger correction, and expose 82.52/20 zone next.

Res: 83.41, 83.52, 83.73, 83.96
Sup: 82.83, 82.52, 82.20, 81.76

USD/CHF

Recovery attempt off 0.9432, yesterday’s low, failed at 0.9504, with fresh weakness extending through 0.9432 and breaking below 0.94 level. Market now eyes 0.9342/27, trendline support / 02 Feb higher low, break of which will re-focus historical high at 0.9301, posted on 31 Dec 2010. 0.95 zone is expected to cap the upside.

Res: 0.9432, 0.9450, 0.9504, 0.9536
Sup: 0.9378, 0.9342, 0.9327, 0.9301

 

[WindsorBrokers]

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

EUR/USD

Has fully reversed the recent pullback from 1.3714, last Friday’s previous high, after finding ground at 1.3525. Fresh strength cleared 1.3714, en-route to 1.3743, 09 Feb lower high. Break here is needed to signal an end of corrective phase off 1.3860 and expose the latter for retest. At the downside, 1.3634, yesterday’s higher platform, underpins the advance.

Res: 1.3743, 1.3788, 1.3824, 1.3860
Sup: 1.3677, 1.3634, 1.3608, 1.3595

GBP/USD

Regains 1.62 handle after yesterday’s pullback from 1.6262 high, just under key 1.6277/97 resistance zone, found support at 1.6100. Near-term structure is supportive for attempt higher and above 1.6297 to trigger fresh bull phase towards 1.6456. Immediate support lies at 1.6170/65, while loss of 1.61 will weaken near-term tone.

Res: 1.6227, 1.6248, 1.6262, 1.6277
Sup: 1.6162, 1.6124, 1.6100, 1.6075

USD/JPY

Extends reversal from 83.96, 16 Feb peak, has so far retraced 50% of the latest 81.10/83.96 ascend, with negative near-term studies looking for further weakness towards 82.20, 61.8% retracement, loss of which will signal return to 81.76/81.10 levels. At the upside, 82.88/83.00 area offers immediate resistance and expected to cap. Otherwise, fresh recovery attempt will focus 83.50 next.

Res: 82.88, 83.23, 83.52, 83.73
Sup: 82.52, 82.20, 81.76, 81.10

USD/CHF

Accelerates losses after yesterday’s recovery attempt from 0.9432 stalled at 0.9504. Immediate target lies at 0.9343, trendline support, ahead of 0.9327, 02 Feb higher low, and possible retest of 0.9301, historical low, break of which will open fresh bear-phase. At the upside, 0.9504 is expected to limit corrective attempts.

Res: 0.9432, 0.9450, 0.9504, 0.9536
Sup: 0.9353, 0.9342, 0.9327, 0.9301

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (14:15 GMT)

EUR/USD

Continues to trend higher from yesterday’s 1.3525 base, with 1.3743, 09 Feb high tested thus far. Break here will open 1.3788/1.3824 levels, ahead of retest of key resistance at 1.3860, 02 Feb peak, above which will signal a resumption of broader uptrend from 1.2872, 10 Jan low. Higher platform at 1.3640 now underpins the advance.

Res: 1.3743, 1.3788, 1.3824, 1.3860
Sup: 1.3692, 1.3680, 1.3647, 1.3634

GBP/USD

Maintains positive tone from 1.6100, yesterday’s low, hitting 1.6272 high so far, just under 1.6277 barrier. Corrective easing remains well supported by 1.62 zone for now, with scope for break above 1.6277/97 to open way for fresh extension higher.. Immediate support lies at 1.6200/1.6185, while loss of 1.61 will weaken near-term tone.

Res: 1.6272, 1.6277, 1.6297, 1.6330
Sup: 1.6200, 1.6185, 1.6162, 1.6124

USD/JPY

Extends reversal from 83.96, 16 Feb peak, has so far retraced 50% of the latest 81.10/83.96 ascend, with negative near-term studies looking for further weakness towards 82.20, 61.8% retracement, loss of which will signal return to 81.76/81.10 levels. At the upside, 82.88/83.00 area offers immediate resistance and expected to cap. Otherwise, fresh recovery attempt will focus 83.50 next.

Res: 82.88, 83.23, 83.52, 83.73
Sup: 82.52, 82.20, 81.76, 81.10

USD/CHF

Accelerates losses after yesterday’s recovery attempt from 0.9432 stalled at 0.9504. Immediate target lies at 0.9343, trendline support, ahead of 0.9327, 02 Feb higher low, and possible retest of 0.9301, historical low, break of which will open fresh bear-phase. At the upside, 0.9432/ 0.9504 is expected to limit corrective attempts.

Res: 0.9390, 0.9432, 0.9450, 0.9504
Sup: 0.9353, 0.9342, 0.9327, 0.9301

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:15 GMT)

EUR/USD

Clearance of 1.3743, previous high, has seen an upside extension to test 1.3785, just below 1.38 barrier, ahead of pullback. Initial support at 1.3723, 23.6% retracement of 1.3525/1.3785 upleg tested so far, with extension to 1.3690, 55 day MA and 38.2% seen, before bulls re-assert for fresh push higher. Through 1.3785/1.3800 to focus 1.3824, 03 Feb high and then key near-term resistance at 1.3860, break of which is expected to open fresh extension higher of recovery from 1.2872, 10 Jan low. Loss of 1.3690, however, would allow for stronger correction towards 1.3650 zone.

Res: 1.3743, 1.3785, 1.3800, 1.3824
Sup: 1.3703, 1.3692, 1.3680, 1.3647

GBP/USD

Remains capped at 1.6262 after renewed attempt higher stalled at 1.6253 overnight. However, near-term bulls are still in play, with latest reversal from 1.6253 losing the 1.6180 handle, and dipping to 1.6142. This sidelines scope for fresh push higher and opens 1.6100 support for retest. Break below here will signal near-term top, ahead of stronger reversal. 1.5985/57 remains key near-term support.

Res: 1.6180, 1.6214, 1.6253, 1.6272
Sup: 1.6142, 1.6124, 1.6100, 1.6075

USD/JPY
Continues to trend lower from 16 Feb high at 83.96, approaching 81.75, 08 Feb higher low and 76.4% of 81.10/83.96 ascend. Negative near-term tone looks for downside retest of key higher lows at 81.10/80.92, loss of which will signal an end of recovery phase and expose 80.24, 01 Nov 2010 15-year low. At the upside, only regain of 83.00 zone would revive hopes for fresh recovery.

Res: 82.14, 82.31, 82.63, 82.85
Sup: 81.82, 81.75, 81.10, 80.92

USD/CHF

Yesterday’s break below 0.9301 has triggered fresh weakness to post a series of record lows. Temporary support was found at 0.9272, with correction to 0.93 zone preceding fresh decline. Near-term studies remain supportive for downside extension into 0.92 initially. However, oversold hourly/daily conditions see scope for stronger correction.

Res: 0.9301, 0.9327, 0.9345, 0.9390
Sup: 0.9265, 0.9250, 0.9200, 0.9100

 

[WindsorBrokers]

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

EUR/USD

Fresh strength from 1.3525, 22 Feb higher low, peaked at 1.3806, ahead of consolidation. Scope is now seen for upside test of 1.3824, before final push towards 1.3860, 02 Feb high and key near-term resistance. We need to see clear break here to resume broader recovery from 1.2872 and expose 1.3944, 76.4% retracement of 1.4280/1.2872 decline. At the downside, 1.3750/30 offers initial support, while loss of today’s low at 1.3703 would delay immediate bulls.

Res: 1.3782, 1.3806, 1.3824, 1.3900
Sup: 1.3750, 1.3732, 1.3703, 1.3680

GBP/USD

Remains capped at 1.6262 after renewed attempt higher stalled at 1.6253 overnight. However, near-term bulls are still in play, with latest reversal from 1.6253 losing the 1.6180 handle, and dipping to 1.6142. Fresh strength needs to regain minimum 1.6215, today’s intraday high, to resume gains for retest of 1.6262 and possible attack at key resistances at 1.6277/97. Otherwise, lower top and fresh weakness towards 1.6142/00, would be the likely scenario.

Res: 1.6215, 1.6253, 1.6272, 1.6277
Sup: 1.6142, 1.6124, 1.6100, 1.6075

USD/JPY

Extends weakness from 16 Feb high at 83.96, to break below 81.75, 08 Feb higher low and 76.4% of 81.10/83.96 ascend. Next targets lie at 81.10/80.92, key higher lows, loss of which will signal an end of recovery phase and expose 80.24, 01 Nov 2010 15-year low. At the upside, only regain of 83.00 zone would revive hopes for fresh recovery.

Res: 82.15, 82.31, 82.63, 82.85
Sup: 81.64, 81.30, 81.10, 80.92

USD/CHF

Yesterday’s break below 0.9301 has triggered fresh weakness to post a series of record lows. Temporary support was found at 0.9272, with correction to 0.93 zone preceding fresh decline. Near-term studies remain supportive for downside extension into 0.92 initially. However, oversold hourly/daily conditions see scope for stronger correction.

Res: 0.9309, 0.9327, 0.9345, 0.9390
Sup: 0.9239, 0.9200, 0.9150, 0.9100

 

[WindsorBrokers]

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

EUR/USD

Maintains positive tone, holding above 1.38 level, extending gains through 1.3819/24 barriers to post fresh 3 –week high at 1.3837 overnight. Immediate scope is for retest of key near-term resistance at 1.3860, clearance of which is to confirm recovery from 1.2872 and open fresh leg higher, to focus 1.4280, 04 Nov 2010 high, short-term. 1.38 zone offers immediate support, while holding above 1.3750/00 keeps immediate bulls in play.

Res: 1.3837, 1.3860, 1.3900, 1.3972
Sup: 1.3850, 1.3806, 1.3750, 1.3700

GBP/USD

Extended weakness after upside failure at 1.6253, just under 1.6262/77 barriers, with loss of 1.61 support, posting fresh low at 1.6084, over 61.8% retracement of 1.1.5985/1.6272 ascend. This keeps near-term outlook negative, with lower top seen under 1.6180, ahead of fresh push lower. Below 1.6084 to focus 1.6054, 76.4% retracement and trendline connecting 1.5957/1.5985 lows, loss of which to signal possible full retracement. Only regain of 1.6215 would ease immediate bear pressure.

Res: 1.6159, 1.6180, 1.6215, 1.6253
Sup: 1.6119, 1.6100, 1.6084, 1.6054

USD/JPY

Extends weakness from 16 Feb high at 83.96, to break below 81.75, 08 Feb higher low and 76.4% of 81.10/83.96 ascend, reaching 81.61 so far. Corrective attempt remains capped by 82.00 zone for now, with fresh weakness looking for test of 81.10/80.92, key higher lows, loss of which will signal an end of recovery phase and expose 80.24, 01 Nov 2010 15-year low.

Res: 82.05, 82.31, 82.63, 82.85
Sup: 81.61, 81.30, 81.10, 80.92

USD/CHF

Trades in a narrow consolidative range after loss of key 0.9301 key support triggered fresh weakness to post a series of record lows, with 0.9221 low seen thus far. Near-term studies favor fresh weakness towards 0.92/0.9150 initially. Corrective attempts need to regain minimum 0.9390, to signal stronger correction.

Res:0.9283, 0.9309, 0.9327, 0.9390
Sup: 0.9221, 0.9200, 0.9150, 0.9100

 

[WindsorBrokers]

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

EUR/USD

Undergoes minor correction after upside attempts were capped by 1.3837. Market has so far test tested 1.3750 handle, ahead of 1.3718/03, 38.2% of 1.3525/1.3837 upleg / yesterday’s higher low, above which reversal is anticipated to maintain immediate bulls for renewed attempt at 1.3837 and 1.3860, on a break. Loss of 1.3703, however, would risk stronger correction and open 1.3680 and 1.3644, 50% / 61.8% Fibonacci retracement levels. Below the latter, focus will turn lower for possible return to 1.3525.

Res: 1.3793, 1.3837, 1.3860, 1.3900
Sup: 1.3718, 1.3700, 1.3680, 1.3644

GBP/USD

Extended weakness after upside failure at 1.6253, just under 1.6262/77 barriers, with loss of 1.61/1.6084 supports, after leaving lower top at 1.6159, test 1.6075, 17 Feb low. Negative near-term outlook favors further weakness, with 1.6054, 76.4% retracement and trendline connecting 1.5957/1.5985 lows, seen next. At the upside, 1.6159 is expected to cap.

Res: 1.6159, 1.6180, 1.6215, 1.6253
Sup: 1.6068, 1.6054, 1.6034, 1.5958

USD/JPY

Extends weakness from 16 Feb high at 83.96, to break below 81.75, 08 Feb higher low and 76.4% of 81.10/83.96 ascend, reaching 81.61 so far. Corrective attempt remains capped by 82.00 zone for now, with fresh weakness looking for test of 81.10/80.92, key higher lows, loss of which will signal an end of recovery phase and expose 80.24, 01 Nov 2010 15-year low.

Res: 82.05, 82.31, 82.63, 82.85
Sup: 81.61, 81.30, 81.10, 80.92

USD/CHF

Trades in a narrow consolidative range after loss of key 0.9301 key support triggered fresh weakness to post a series of record lows, with 0.9221 low seen thus far. Near-term studies favor fresh weakness towards 0.92/0.9150 initially. Current bounce higher is seen corrective while 0.9390 caps, and only break here to signal stronger correction.

Res: 0.9309, 0.9327, 0.9390, 0.9432
Sup: 0.9221, 0.9200, 0.9150, 0.9100