Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

Last Friday’s failure under key near-term resistance at 1.3860, has seen a reversal to 1.3710, just above 1.3703, 34 Feb previous low, where the fresh strength emerged. Break above 1.3800 barrier is now requested to resume gains towards 1.3837, 25 Feb high and final attempt at 1.3860, break of which is needed to resume recovery from 1.2872, 10 Jan low. Upside rejection under 1.3860, however, would risk double top, ahead of fresh weakness, with loss of 1.3710 required to confirm.

Res: 1.3793, 1.3837, 1.3860, 1.3900
Sup: 1.3710, 1.3703, 1.3680, 1.3644

GBP/USD

Remains in a near-term downtrend from 1.6272/53 highs, after loss of 1.6100/1.6084 support triggered fresh downside extension to 1.6030. Recovery attempt from here has so far been capped by 1.6159/50, with sustained break above here needed to spark fresh recovery. Otherwise, focus will remain on retest of 1.6030 and 1.5957, 14 Feb low, loss of which to confirm near-term double top and open way for fresh weakness.

Res: 1.6150, 1.6159, 1.6180, 1.6215
Sup: 1.6071, 1.6057, 1.6030, 1.5957

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: 0.9316, 0.9327, 0.9390, 0.9432
Sup: 0.9238, 0.9221, 0.9200, 0.9150

 

[WindsorBrokers]

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

EUR/USD

Has fully retraced the recent 1.3837/1.3710 decline, extending gains to test key near-term barrier at 1.3860, posted on 02 Feb. Sustained break here will open way for fresh phase of broader upleg from 1.2872, 10 Jan low, and expose 1.3945, 76.4% retracement and 1.3972 , 09 Nov 2010 high. At the downside, 1.37 zone offers strong support.

Res: 1.3860, 1.3900, 1.3945, 1.3972
Sup: 1.3815, 1.3785, 1.3759, 1.3710

GBP/USD

Reversal from 1.6272/53 highs declined through 1.6100/1.6084 supports, finding ground at 1.6030, where the fresh strength has emerged. Gains accelerated after break above 1.61 and leaving higher low at 1.6190, ahead of return to 1.6240 so far. Immediate focus is at 1.6253/72, ahead of key barrier at 1.6297, Nov 2010 high, break of which will signal resumption of the broader uptrend from 1.5343, 28 Dec 2010 low. Overbought hourly conditions and congestion near 1.6240, warn of correction, but while 1.6160 holds, near-term bulls remain in play. Below the latter will sideline immediate bulls.

Res: 1.6240, 1.6253, 1.6272, 1.6277
Sup: 1.6215, 1.6185, 1.6160, 1.6135

USD/JPY

Trades in near-term corrective mode, after finding temporary support at 81.61. However, gains were so far capped by 82.00 zone, with clear break here required to signal fresh recovery under way and open 82.30/50, ahead of 82.85/83.06 next. Failure to clear 82.00 would suggest an extension of broader weakness and open 81.55, trendline connecting 80.24/92 lows, and below 81.10/80.92 lows.

Res: 81.94, 82.05, 82.31, 82.63
Sup: 81.75, 81.30, 81.55, 81.10

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: 0.9316, 0.9327, 0.9390, 0.9432
Sup: 0.9238, 0.9221, 0.9200, 0.9150

 

[WindsorBrokers]

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

EUR/USD

Yesterday’s attack at key resistance at 1.3860 stalled at 1.3854, fresh yearly high, ahead of correction into 1.38 zone. The near-term uptrend remains intact while 1.37 support holds, with scope for renewed attempt at 1.3860, above which will open fresh leg higher and bring 1.4280, 04 Nov 2010 high, to focus.

Res: 1.3829, 1.3854, 1.3860, 1.3900
Sup: 1.3779, 1.3759, 1.3710, 1.3647

GBP/USD

Upside rejection at 1.6272/53 has seen a dip to 1.6030, where support was found, and upside break above 1.61 barrier has accelerated gains through 1.6253/72 barriers, to test key resistance at 1.6297, 04 Nov 2010 high. Sustained break here is needed to open fresh phase higher from 1.5343, 28 Dec 2010 higher low and expose 1.6456, Jan 2010 peak. Rejection at 1.63 would trigger fresh reversal, with 1.6030 expected to contain.

Res: 1.6287, 1.6298, 1.6371, 1.6456
Sup: 1.6250, 1.6215, 1.6185, 1.6160

USD/JPY

Attempts to build near-term base after finding support at 81.61 and bounce from here breaking above 82.00 initial resistance. Immediate targets lie at 82.50/85, while break above 83.00 to confirm recovery for attempt at 83.96/84.49 barriers. Upside rejection under 82.85 would risk lower top, ahead of fresh weakness, and below 81.61 to target 81.10/80.92 next.

Res: 81.94, 82.05, 82.31, 82.63
Sup: 82.05, 81.90, 81.72, 81.61

USD/CHF

Remains in a near-term corrective mode, after hitting fresh record low at 0.9221 on 25 Feb. Clearance of initial barrier at 0.9315 will focus 0.9390, ahead of 0.9430, 21 Feb former low / 38.2% Fibonacci retracement of 0.9773/0.9221 descend, and then 0.95 zone, near 50%, break of which is needed to confirm recovery, otherwise, lower top under 0.95 and fresh weakness towards 0.9221, would likely scenario.

Res: 0.9320, 0.9390, 0.9430, 0.9504
Sup: 0.9258, 0.9238, 0.9221, 0.9200

 

[WindsorBrokers]

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

EUR/USD

Renewed attempt at 1.3860 barrier failed just under yesterday’s high at 1.3854. Immediate reversal has so far been contained by 1.38 zone, with near-term bulls remaining in play while 1.3710/00 stays intact. Above 1.3860 to eye 1.40, possibly to attempt at 1.4280, 04 Nov 2010 high, in a near future.

Res: 1.3831, 1.3854, 1.3860, 1.3900
Sup: 1.3804, 1.3785, 1.3779, 1.3759

GBP/USD

Today’s strength from 1.6250 support, finally cleared key barrier at 1.6297, extending gains to fresh yearly low at 1.6328. Corrective pullback was contained by 1.6250, ahead of fresh push higher, and through 1.6328 to focus 1.6400/56 next.

Res: 1.6298, 1.6328, 1.6371, 1.6400
Sup: 1.6250, 1.6215, 1.6185, 1.6160

USD/JPY

Attempts to build near-term base after finding support at 81.61 and bounce from here breaking above 82.00 initial resistance. Immediate targets lie at 82.50/85, while break above 83.00 to confirm recovery for attempt at 83.96/84.49 barriers. Upside rejection under 82.85 would risk lower top, ahead of fresh weakness, and below 81.61 to target 81.10/80.92 next.

Res: 82.23, 82.31, 82.85, 83.00
Sup: 82.00, 81.90, 81.72, 81.61

USD/CHF

Trades in a near-term corrective mode, after hitting fresh record low at 0.9221 on 25 Feb. Clearance of initial barrier at 0.9315 will focus 0.9390, ahead of 0.9430, 21 Feb former low / 38.2% Fibonacci retracement of 0.9773/0.9221 descend, and then 0.95 zone, near 50%, break of which is needed to confirm recovery, otherwise, lower top under 0.95 and fresh weakness towards 0.9221, would likely scenario.

Res: 0.9320, 0.9390, 0.9430, 0.9504
Sup: 0.9283, 0.9258, 0.9238, 0.9221

 

[WindsorBrokers]

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

EUR/USD

Key resistance at 1.3860 remains intact for now, as yesterday’s repeated attempt to break higher failed at 1.3850. Subsequent reversal has so far find footstep at 1.3750 zone, with key near-term support at 1.37 required to hold dips to keep immediate bulls in play for fresh attack at 1.3860, break of which to open 1.40 are for test. Loss of 1.37 handle, however, will sideline bulls and allow for further correction towards 1.3690/50, 50% and 61.8% retracement of 1.3525/1.3854 upleg.

Res: 1.3785, 1.3804, 1.3854, 1.3860
Sup: 1.3742, 1.3710, 1.3700, 1.3690

GBP/USD

Break above key 1.6297 résistance has seen upside extension to 1.6328, but failed to sustain gains, with subsequent pullback retracing 38.2% of 1.6030/1.1.6328 upleg at 1.6215. Near-term outlook has turned negative, looking for further reversal towards 1.6180/45, Fibonacci levels, while 1.6280, previous range ceiling holds. Only above here would attract fresh attempt above 1.63 .

Res: 1.6246, 1.6280, 1.6298, 1.6328
Sup: 1.6215, 1.6180, 1.6160, 1.6145

USD/JPY

Attempts to build near-term base after finding support at 81.61 and bounce from here breaking above 82.00 initial resistance. Immediate targets lie at 82.50/85, while break above 83.00 to confirm recovery for attempt at 83.96/84.49 barriers. Upside rejection under 82.85 would risk lower top, ahead of fresh weakness, and below 81.61 to target 81.10/80.92 next.

Res: 82.23, 82.31, 82.85, 83.00
Sup: 81.78, 81.61, 81.55, 81.10

USD/CHF

Continues to trade in a narrow corrective/consolidative range, after hitting fresh record low at 0.9221 on 25 Feb. Clearance of initial barrier at 0.9315 will focus 0.9390, ahead of 0.9430, 21 Feb former low / 38.2% Fibonacci retracement of 0.9773/0.9221 descend, and then 0.95 zone, near 50%, break of which is needed to confirm recovery, otherwise, lower top under 0.95 and fresh weakness towards 0.9221, would likely scenario.

Res: 0.9320, 0.9390, 0.9430, 0.9504
Sup: 0.9269, 0.9258, 0.9238, 0.9221

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (14:40 GMT)

EUR/USD

Regains strength again after the latest upside rejection under 1.3860 barrier found footstep at 1.3742 today, leaving a higher low, ahead of rally and eventual break of 1.3860, key near-term resistance. Sustained break here opens way for fresh leg higher and exposes 1.40 zone near-term. At the downside, 1.3742 underpins the advance while loss of 1.37 would signal near-term top and fresh weakness ahead, with immediate focus at 1.3690/50.

Res: 1.3863, 1.3884, 1.3900, 1.3974
Sup: 1.3803, 1.3780, 1.3742, 1.3710

GBP/USD

Pullback from yesterday’s double top at 1.6328, reached 1.6215, 38.2% retracement of 1.6030/1.6328 ascend, where good support was found for fresh push higher. Market has so far reached 1.6322, and while above 1.63, scope remains for fresh phase higher and gains towards 1.6456, Jan 2010 high. Immediate support lies at 1.6277, today’s spike low, while break below 1.6215 higher low will soften the structure.

Res: 1.6246, 1.6280, 1.6298, 1.6328
Sup: 1.6271, 1.6245, 1.6215, 1.6198

USD/JPY

Attempts to build near-term base after finding support at 81.61 were capped by 82.23/06, ahead of fresh weakness. Break below 81.61/57, previous low / trendline support, will bring into focus 81.10/80.92, 04 Feb / 03 Jan lows, ahead of possible attempt at 80.24, 15 year low. At the upside, break above 82.23 is required to continue near-term correction, but clearance of 82.50/86 to confirm.

Res:82.06, 82.23, 82.31, 82.85
Sup: 81.61, 81.55, 81.10, 80.92

USD/CHF

Returns to weakness after corrective attempt from fresh record low at 0.9221 was capped by 0.9320 zone, with loss of 0.9250, recent range floor, turning focus lower. Loss of 0.9221 will signal fresh phase lower and eye 0.91 level next. To ease immediate bear pressure, regain of 0.9320 and 0.9390 barriers is required.

Res: 0.9279, 0.9320, 0.9390, 0.9430
Sup: 0.9221, 0.9200, 0.9150, 0.9100

 

[WindsorBrokers]

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

EUR/USD

Yesterday’s fresh strength from 1.3742 higher low has finally cleared 1.3860 resistance and spiked to 1.3889, ahead of shallow correction to 1.3860 zone, former resistance and now reverted to support. While the latter holds dips, immediate target lies at 1.3947, 76.4% Fibonacci retracement of 1.4280/1.2872 downleg, ahead of psychological barrier at 1.40. Further correction on overbought hourly conditions would target 1.3835/15, Fibonacci levels, while 1.38 marks key near-term support and needs to hold to keep near-term bullish outlook intact.

Res: 1.3874, 1.3889, 1.3900, 1.3947
Sup: 1.3845, 1.3803, 1.3780, 1.3742

GBP/USD

Has posted a fresh high at 1.6342 after pullback from double top at 1.6328 reached 1.6215, 38.2% retracement of 1.6030/1.6328 ascend, where good support was found . Hourly studies look somewhat exhausted, but 1.63/1.6270 supports hold for now. Wider picture remains bullish, with scope for fresh extension higher and 1.6456, Jan 2010 high in sight. At the downside, 1.6215 offers key near-term support and should contain corrective dips.

Res: 1.6331, 1.6342, 1.6371, 1.6456
Sup: 1.6300, 1.6271, 1.6245, 1.6215

USD/JPY

Remains at the back foot after recovery attempt from 81.61 failed to sustain gains above 82 zone, with fresh weakness extending through 81.61 to test 81.57, trendline drawn off 80.24 low. Bounce from 81.57 is so far capped by 82.00, and clearance of 82.00/23 is needed to improve near-term outlook and signal fresh recovery towards 82.90/83.05 resistance zone. At the downside, loss of 81.57 will focus 81.10/80.92.

Res: 81.91, 82.10, 82.23, 82.31
Sup: 81.76, 81.57, 81.10, 80.92

USD/CHF

Extends the latest downleg from 0.9773 high, to post fresh record low at 0.9200, after corrective attempt from 0.9221, previous low, stalled at 0.9320. Overall tone remains bearish, with 0.9100 zone seen next, while 0.9320 expected to limit the upside for now.

Res: 0.9261, 0.9289, 0.9320, 0.9390
Sup: 0.9221, 0.9200, 0.9150, 0.9100

 

[WindsorBrokers]

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

EUR/USD

Surge through 1.3889/1.3900 highs has cleared 1.3950 Fibonacci 76.4% level, extending gains to 1.3969, en-route to 1.40 barrier. Near-term studies are supportive but overbought conditions suggest correction preceding fresh rally. Immediate support at 1.3890/80, while below 1.3830 to risk deeper pullback into 1.38/1.3745.

Res: 1.3969, 1.4000, 1.4083, 1.4100
Sup: 1.3940, 1.3890, 1.3845, 1.3803

GBP/USD

Has posted a fresh high at 1.6342 after pullback from double top at 1.6328 reached 1.6215, 38.2% retracement of 1.6030/1.6328 ascend, where good support was found. Brief break above 1.6328 has seen 1.6342, ahead of reversal to 1.6257, before test of 1.63 handle. Clearance of 1.6330/42 is needed to resume higher, while 1.6215 offers initial support, and possible loss here to signal a pause in current rally, in favor of stronger correction.

Res: 1.6331, 1.6342, 1.6371, 1.6456
Sup: 1.6257, 1.6245, 1.6215, 1.6185

USD/JPY

Extends near-term strength after bouncing from 81.57, trendline support, and clearance of 82.00/10 barrier, attempting through 82.23, previous high. This will turn immediate tone positive and look for fresh correction towards 82.90/83.05, break of which to sideline immediate bears. At the downside, 81.75 needs to hold.

Res: 82.48, 82.75, 82.90, 83.05
Sup: 82.10, 81.76, 81.57, 81.10

USD/CHF

The latest bounce from 0.9200, fresh record low, attempts at 0.9320 resistance, clearance of which is needed to spark fresh recovery and open 0.9390/0.9406, 23 Feb high / 38.2% retracement of 0.9737/0.9200 downleg, and above here to focus 0.9470/0.9504 next. Early upside rejection, however, risks a lower top and resumption of the broader downtrend.

Res: 0.9320, 0.9390, 0.9406, 0.9470
Sup: 0.9232, 0.9221, 0.9200, 0.9150

 

[WindsorBrokers]

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

EUR/USD

Holds yesterday’s strong gains after clearance of 1.3889 previous extended to 1.3970. immediate target lies at 1.40, psychological barrier, above which will open way towards 1.4280, 31 Oct 2010 peak and key trendline resistance at 1.4308. Current range floor at 1.3924 offers initial support, while dips should be contained by 1.3860/30.

Res: 1.3970, 1.4000, 1.4083, 1.4100
Sup: 1.3940, 1.3924, 1.3890, 1.3845

GBP/USD

Trades in a near-term corrective mode after posting fresh high at 1.6342. Temporary support was found at 1.6252, ahead of 1.6215 higher platform, holding above which will keep bulls in play for fresh attack at 1.6342, to focus 1.6377/1.6456 on a break. Below 1.6315 will allow for stronger correction towards 1.6185/45 zone.

Res: 1.6290, 1.6314, 1.6331, 1.6342
Sup: 1.6252, 1.6223, 1.6215, 1.6185

USD/JPY

Extends near-term strength after bounce from 81.57, trendline support, cleared 82.00/23 barriers. 38.2% Fibonacci retracement of 83.96/81.57 decline have been reached so far at 82.50, with scope for further extension towards 82.90/83.05, break of which to sideline immediate bears. At the downside, 82.20/10 zone is expected to hold corrective dips, to maintain immediate bulls.

Res: 82.50, 82.75, 82.90, 83.05
Sup: 82.20, 82.10, 81.76, 81.57

USD/CHF

Maintains positive near-term tone from 0.9200, fresh record low, with slight extension above 0.9320 resistance, expected to trigger further recovery and open 0.9390/0.9406, 23 Feb high / 38.2% retracement of 0.9737/0.9200 downleg, and above here to focus 0.9470/0.9504 next. Early upside rejection, however, risks a lower top and resumption of the broader downtrend.

Res: 0.9327, 0.9390, 0.9406, 0.9470
Sup: 0.9300, 0.9270, 0.9232, 0.9221

 

[WindsorBrokers]

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

EUR/USD

Maintains positive tone after spike to 1.40 level was followed by sharp reversal to 1.3940. Retest of 1.40 and extension towards 1.4083/1.41 zone on a break remains favored, while 1.3940/24 offers immediate support, while 1.3860, former high, underpins the advance.

Res: 1.4000, 1.4050, 1.4083, 1.4100
Sup: 1.3940, 1.3924, 1.3890, 1.3845

GBP/USD

Extends corrective pullback from fresh high at 1.6342 to 1.6234, just ahead of key near-term handle at 1.6215, after losing an initial support at 1.6252. Holding above 1.6215 is needed to keep immediate bulls in play, with break through 1.63 zone to expose 1.6342. Loss of 1.6315, however, would signal further retracement of 1.6030/1.6342 upleg and open 1.6185/45 next.

Res: 1.6290, 1.6314, 1.6331, 1.6342
Sup: 1.6234, 1.6215, 1.6185, 1.6132

USD/JPY

Has spiked to 83.05, 61.8% retracement of 83.96/81.57 downleg, ahead of sharp reversal. Previous high at 82.50, now reverted to support, has been lost, with break below 82.28 today’s higher platform, to question current recovery attempt and open way for further weakness towards 82.13, 61.8% Fibonacci retracement. Downside rejection above 82.28 would signal fresh recovery under way.

Res: 82.50, 82.75, 82.90, 83.05
Sup: 82.28, 82.13, 81.76, 81.57

USD/CHF

Recovery attempt from 0.9200 low has so far been capped by 0.9320 zone, with the latest weakness retracing nearly 61.8% of 0.9200/0.9320 ascend, and turning immediate tone negative. However, while above 0.9230, scope exists for fresh recovery attempt, though, regain of 0.9320 is required to confirm, otherwise return to 0.9200 and fresh record lows on a break, would be the likely scenario.

Res: 0.9274, 0.9290, 0.9318, 0.9327
Sup: 0.9248, 0.9230, 0.9221, 0.9200

 

[WindsorBrokers]

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

EUR/USD

Trades in a narrow consolidative range after brief break through psychological barrier at 1.40 failed to sustain gains. Near-term studies remain supportive for fresh attempt at 1.40, with clear break to expose 1.4083/1.4100 next, ahead of key resistance at 1.4280, Nov 2010 lower high and trendline resistance, currently at 1.4307. Overbought daily studies, however, see scope for correction, with 1.3860/30 zone offering initial support.
Maintains positive tone after spike to 1.40 level was followed by sharp reversal to 1.3940. Retest of 1.40 and extension towards 1.4083/1.41 zone on a break remains favored, while 1.3940/24 offers immediate support, while 1.3860, former high, underpins the advance.

Res: 1.4005, 1.4050, 1.4083, 1.4100
Sup: 1.3940, 1.3924, 1.3890, 1.3845

GBP/USD

Reversal from 1.6342, 02 Mar fresh high has so far been contained by 1.6240/30 zone, with fresh strength looking for test 1.63 zone. Sustained break here will open 1.6342 for retest, and possible extension towards 1.6371 and 1.6456. At the downside, loss of 1.6230/14 supports will allow for stronger correction towards key near-term support at 1.6030.

Res: 1.6281, 1.6295, 1.6314, 1.6342
Sup: 1.6234, 1.6214, 1.6185, 1.6132

USD/JPY

Has spiked to 83.05, 61.8% retracement of 83.96/81.57 downleg, ahead of sharp reversal. Previous high at 82.50, now reverted to support, has been lost, turning the near-term tone negative. Break below 82.00 handle will turn focus towards 81.70/57, ahead of 81.10/80.92, key support zone. At the upside, 82.30/50 caps for now.

Res: 82.30, 82.50, 82.75, 82.90
Sup: 81.92, 81.76, 81.57, 81.10

USD/CHF

Recovery attempt from 0.9200 low has so far been capped by 0.9320 zone, with the latest weakness retracing nearly 61.8% of 0.9200/0.9320 ascend, and turning immediate tone negative. However, while above 0.9220, scope exists for fresh recovery attempt, though, regain of 0.9320 is required to confirm, otherwise return to 0.9200 and fresh record lows on a break, would be the likely scenario.

Res: 0.9274, 0.9290, 0.9318, 0.9327
Sup: 0.9221, 0.9200, 0.9150, 0.9100

 

[WindsorBrokers]

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

EUR/USD

Renewed attempt above 1.40 level has posted fresh yearly high at 1.4035, with subsequent pullback under 1.40 followed. Loss of 20 day MA at 1.3990 would signal further correction into 1.3940/24 support zone, possibly to 1.3860, ahead of fresh strength. Overall tone remains bullish, with 1.4280/1.4307, Nov 2010 high/trendline resistance in focus.

Res: 1.4005, 1.4035, 1.4050, 1.4083
Sup: 1.3990, 1.3940, 1.3924, 1.3890

GBP/USD

Corrective pullback from 1.6342 high was contained at 1.6240/30, followed by fresh strength through 1.63 barrier. Bulls stalled just ahead of 1.6342, with sharp reversal below 1.63 keeping the upside intact. Market now entered 1.6234/1.6342 range and either side will define near-term direction. However, wider picture remains bullish, with clearance of 1.6324 to open fresh phase higher and expose 1.6456. At the downside, loss of 1.6234/14 will signal near-term top and deeper correction of 1.5343/1.6342 upleg and expose 1.6030, 25 Feb higher low next.

Res: 1.6304, 1.6314, 1.6335, 1.6342
Sup: 1.6234, 1.6214, 1.6185, 1.6132

USD/JPY

Sharp reversal from 83.05, last Friday’s spike high, has dented 82.00 support, to find temporary ground at 81.94. Upside break of 82.46 is needed to confirm fresh strength and mark 81.94 as higher low, en-route to 83.05, 61.8% of 83.96/81.57 decline, with break here to re-expose 83.45/96. Failure under 83.05, however, would suggest and end of recovery phase from 81.57 and extension of broader downtrend, with trendline support, currently at 81.61, coming in focus.

Res: 82.30, 82.46, 82.75, 82.90
Sup: 81.94, 81.76, 81.57, 81.10

USD/CHF

Recovery attempt from 0.9200 low has so far been capped by 0.9320 zone, with the latest weakness retracing nearly 61.8% of 0.9200/0.9320 ascend, and turning immediate tone negative. However, while above 0.9220, scope exists for fresh recovery attempt, though, regain of 0.9320 is required to confirm, otherwise return to 0.9200 and fresh record lows on a break, would be the likely scenario.

Res: 0.9274, 0.9290, 0.9318, 0.9327
Sup: 0.9221, 0.9200, 0.9150, 0.9100

 

[WindsorBrokers]

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

EUR/USD

Failure to sustain gains above 1.40 psychological barrier and 4-hour bull channel ceiling has seen reversal below 1.40, after hitting fresh 4-month high at 1.4035. The pair extends lower after initial support was found at 1.3955, with further reversal seen towards 1.3860, former high, where a higher low is anticipated ahead of fresh push higher. Clear break above 1.4000/35 will open 1.4083/1.4100 next.

Res: 1.3987, 1.4005, 1.4035, 1.4050
Sup: 1.3924, 1.3890, 1.3860, 1.3845

GBP/USD

Upside remains intact for now, as yesterday’s renewed attempt at 1.6342 failed, with subsequent reversal losing supports at 1.6234/14, and extending losses to 1.6181, over 50% of Fibonacci retracement of 1.6030/1.6342 upleg. Near-term outlook has turned negative, looking for fresh weakness towards 1.6160/45, 25 Feb high / 61.8% retracement, while 1.6205/34 offers immediate resistance and caps the upside for now.

Res: 1.6207, 1.6214, 1.6234, 1.6255
Sup: 1.6170, 1.6160, 1.6145, 1.6132

USD/JPY

Returns to strength after sharp reversal from 83.05 spike high dipped to 81.94, where a footstep was found. Upside clearance of 82.40 looks for fresh attempt at 83.00 zone, also 61.8% retracement of 83.96/81.57 decline, break of which is needed to confirm recovery mode from 81.57 and re-expose 84.00/84.49 key short-term resistance zone. Failure under 83.05, however, would suggest an end of recovery phase, with loss of 82.20/05, 20 day MA / trendline support , needed to confirm.

Res: 82.46, 82.75, 82.90, 83.05
Sup: 82.20, 81.94, 81.76, 81.57

USD/CHF

Continues to trade within 100 pips range after bounce from fresh record low at 0.9200 was limited by 0.9327, 02 Feb former low / 04 Mar high. Fresh strength is underway, approaching 0.9327 barrier, with sustained break higher required to signal fresh recovery towards 0.9415/32, 38.2% retracement / 21Feb former low. Extremely overbought hourly conditions, however, warn of correction, with immediate support seen at 0.9275.

Res: 0.9342, 0.9390, 0.9415, 0.9432
Sup: 0.9320, 0.9302, 0.9275, 0.9234

 

[WindsorBrokers]

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

EUR/USD

Upside rejection at 1.4035 has triggered fresh weakness under 1.40 zone. After finding initial support at 1.3950, losses accelerated after break here, to probe under 1.39 level. Previous high at 1.3860 is in focus, ahead of 1.3830 and 1.3800, 38.2% retracement of 1.3427/1.4035 ascend, above which higher low is expected, to keep near-term bulls in play for renewed attempt through 1.40 barrier. Otherwise, fresh weakness below 1.38, towards 1.3725/00, would be the next step.

Res: 1.3910, 1.3942, 1.3955, 1.3987
Sup: 1.3860, 1.3845, 1.3803, 1.3725

GBP/USD

Extends reversal from 1.6342 after short consolidation above 1.6180 today. Break below 1.6145, 61.8% retracement of 1.6030/1.6342 ascend, now brings 1.6089/71 in focus, ahead of possible full retracement at 1.6030. Oversold conditions, however, see scope for corrective bounce, with 1.6205 expected to cap, to maintain immediate bears.


Res: 1.6165, 1.6181, 1.6205, 1.6214
Sup: 1.6118, 1.6089, 1.6071, 1.6030

USD/JPY

Returns to strength after sharp reversal from 83.05 spike high dipped to 81.94, where a footstep was found. Clearance of 82.40 now attempt at 83.00 zone, also 61.8% retracement of 83.96/81.57 decline, break of which is needed to confirm recovery mode from 81.57 and re-expose 84.00/84.49 key short-term resistance zone. Failure under 83.05, however, would suggest an end of recovery phase, with loss of 82.20/05, 20 day MA / trendline support, needed to confirm.

Res: 82.85, 83.05, 83.23, 83.52
Sup: 82.45, 82.20, 81.94, 81.76

USD/CHF

Fresh strength from 0.9234 higher low broke above 0.9327 resistance, to confirm near-term floor at 0.9221/00. Focus is now at 0.9415/32, 38.2% retracement / 21Feb former low, break of which is required to confirm recovery and open way towards 0.9504/37 next. Overbought hourly conditions, however, warn of correction, with immediate support at 0.9300/0.9275.

Res: 0.9390, 0.9415, 0.9432, 0.9504
Sup: 0.9333, 0.9320, 0.9302, 0.9275

 

[WindsorBrokers]

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

EUR/USD

Pullback from 1.4035 fresh high, has so far retraced over 50% of the 1.3710/1.4035 upleg, trading in a narrow consolidative range, after overnight’s failure to sustain gains above 1.39, with 1.3870/60, key near-term support area, holding the downside. Near-term outlook, however, remains negative, favoring break below 1.3860, to open way for further weakness towards 1.3830/00, before bulls re-assert for fresh push higher, as bullish daily studies keep focus at 1.4000/35, break of which to expose 1.4280/1.4307.

Res: 1.3923, 1.3942, 1.3955, 1.3987
Sup: 1.3860, 1.3845, 1.3803, 1.3725

GBP/USD

Extends the near-term weakness after upside rejection at 1.6234, with yesterday’s consolidative/corrective attempt being capped by 1.62 zone. Fresh weakness has so far reached 1.6124, near 76.4% retracement of 1.6030/1.6342 upleg, above which consolidation is under way. While 1.6205 holds the upside, near-term focus remains towards 1.61/1.6070 zone, ahead of possible return to 1.6030, 25 Feb low and key near-term support.

Res: 1.6186, 1.6205, 1.6214, 1.6234
Sup: 1.6139, 1.6124, 1.6089, 1.6071

USD/JPY

Maintains near-term positive tone after sharp reversal from 83.05 spike high found support at 81.94. Market has so far reached 82.92, just ahead of key 83.05 barrier, also 61.8% retracement of 83.96/81.57 decline, break of which is needed to resume recovery and expose 83.52/96, with possible attempt at 84.49, key short-term resistance. Failure under 83.05, however, would risk lower top.

Res: 82.92, 83.05, 83.23, 83.52
Sup: 82.59, 82.45, 82.20, 81.94

USD/CHF

Fresh strength from 0.9234 higher low broke above 0.9327 resistance, to confirm near-term floor at 0.9221/00. Consolidation below 0.9365, fresh 2-week high is under way, with 0.9327/00 zone offering support. Focus is at 0.9415/32, 38.2% retracement / 21Feb former low, break of which is required to confirm recovery and open way towards 0.9504/37 next.
Res: 0.9365, 0.9390, 0.9415, 0.9432
Sup: 0.9327, 0.9302, 0.9275, 0.9221

 

[WindsorBrokers]

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

EUR/USD

Recovery attempt from today’s low at 1.3854 peaked at 1.3940, with subsequent reversal back to 1.39 zone. This is seen as correction of the broader downmove from 1.4035 while 1.3940 caps, with risk of return to 1.3860 support zone and possible extension to 1.3830, 03 Mar low and 1.3803, 38.2% Fibonacci retracement. Break above 1.3940, however, will signal fresh recovery under way and expose 1.3955/87 instead.

Res: 1.3940, 1.3955, 1.3987, 1.4013
Sup: 1.3860, 1.3845, 1.3803, 1.3725

GBP/USD

Pullback from 1.6234 high extended losses to 1.6124, just above trendline connecting 1.5750 and 1.6030, followed by a bounce. Clearance of 1.6205 resistance reached 1.6241, over 50% of the latest 1.6234/1.124 downleg, where a temporary ceiling was found. Immediate pullback is seen corrective while 1.6169, 20 day MA holds, with higher low to precede fresh attempt higher. Above 1.6241 to expose 1.6257, 61.8% and confirm near-term floor ahead of attempt towards 1.6342. Loss of 1.6169/24 supports, however, will signal a fresh leg lower and focus 1.6030, 25 Feb higher low.

Res: 1.6218, 1.6241, 1.6257, 1.6287
Sup: 1.6169, 1.6139, 1.6124, 1.6089

USD/JPY

Maintains near-term positive tone after sharp reversal from 83.05 spike high found support at 81.94. Market has so far reached 82.92, just ahead of key 83.05 barrier, also 61.8% retracement of 83.96/81.57 decline, break of which is needed to resume recovery and expose 83.52/96, with possible attempt at 84.49, key short-term resistance. Failure under 83.05, however, would risk lower top.

Res: 82.92, 83.05, 83.23, 83.52
Sup: 82.59, 82.45, 82.20, 81.94

USD/CHF

Fresh strength from 0.9234 higher low broke above 0.9327 resistance, extending recovery to 0.9367, ahead of reversal. Fresh losses through 0.9327/00 support zone weaken the near-term tone, for possible return to 0.9221/00 area. Higher low above 0.9221, with regain of 0.9335 is needed to avert immediate downside risk and open 0.9367 for retest.

Res: 0.9307, 0.9335, 0.9367, 0.9390
Sup: 0.9267, 0.9234, 0.9221, 0.9200

 

[WindsorBrokers]

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

EUR/USD

Extends reversal from 1.4035 after recovery attempt from 1.3860 failed at 1.3940. Fresh weakness broke below 1.3860 support to hit 1.3800, 38.2% retracement of 1.3427/1.4035 ascend so far. Negative near-term outlook sees scope for further downside, with 1.3744, 02 Mar low, 1.3731, 50% and 1.3710, 28 Feb low now in focus. Oversold hourly and 4-hour conditions, however, suggest correction higher before fresh attempt lower, while 1.3940 expected to cap.

Res: 1.3854, 1.3880, 1.3923, 1.3940
Sup: 1.3800, 1.3744, 1.3731, 1.3710

GBP/USD

Remains on the back foot after yesterday’s recovery attempt from 1.6124 stalled at 1.6240. Fresh weakness is under way, approaching first support at 1.6134, trendline drawn off 1.5750, ahead of 1.6124. Break here will signal an end of recovery phase and expose 1.6030/1.5957, key near-term supports. Only break above 1.6240 will turn near-term focus higher.

Res: 1.6175, 1.6189, 1.6212, 1.6222
Sup: 1.6134, 1.6124, 1.6089, 1.6030

USD/JPY

Maintains near-term positive tone after sharp reversal from 83.05 spike high found support at 81.94. Market has so far reached 82.95, just ahead of key 83.05 barrier, also 61.8% retracement of 83.96/81.57 decline, break of which is needed to resume recovery and expose 83.52/96, with possible attempt at 84.49, key short-term resistance. Failure under 83.05, however, would risk lower top.

Res: 82.95, 83.05, 83.23, 83.52
Sup: 82.71, 82.59, 82.45, 82.20

USD/CHF

Fresh strength from 0.9234 higher low broke above 0.9327 resistance, extending recovery to 0.9367, ahead of reversal. Fresh losses through 0.9327/00 support zone weaken the near-term tone, for possible return to 0.9221/00 area. Current attempt to leave a higher low above 0.9221 cleared first barrier at 0.9335, en-route to 0.9367, break of which is needed to signal fresh recovery phase and open 0.9390/0.9417.


Res: 0.9345, 0.9367, 0.9390, 0.9417
Sup: 0.9309, 0.9279, 0.9267, 0.9234

 

[WindsorBrokers]

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

EUR/USD

Near-term outlook remains negative after leaving a lower top at 1.3940 and extending losses to 1.38, 38.2% Fibonacci level, with subsequent bounce being short-lived. Renewed weakness dented 1.38 support, break of which will eye 1.3742/10 next, while upside stays limited by 1.3854/70, yesterday’s low / 20 day MA.

Res: 1.3854, 1.3870, 1.3923, 1.3940
Sup: 1.3794, 1.3742, 1.3731, 1.3710

GBP/USD

Extends weakness from 1.6240, yesterday’s lower high, losing 1.6134/24 support zone, as well as 1.61 handle. This confirms near-term top, with immediate focus at 1.6030/1.5957, 25/14 Feb lows. Oversold hourly studies suggest correction, with 1.6124 offering initial resistance, ahead of 1.6195.

Res: 1.6124, 1.6175, 1.6195, 1.6212
Sup: 1.6063, 1.6030, 1.6000, 1.5957

USD/JPY

Remains in a near-term uptrend from 81.94, 07 Mar low, with the latest push higher from 82.57 higher, eventually breaking above 83.05 barrier. Sustained gains above here will turn focus to 83.52/86, above which to eye key barriers at 83.37/49, 200 day MA and 15 Dec 2010 range ceiling. Immediate support lies at 82.57/53, yesterday’s low / 20 day MA.

Res: 83.16, 83.23, 83.52, 83.96
Sup: 82.71, 82.55, 82.45, 82.20

USD/CHF

Temporary support was found at 0.9267 yesterday, after gains through 0.9327, previous high, stalled at 0.9367. Fresh gains are now approaching 0.9367 barrier, with break here to resume recovery from 0.9200 record low, and open 0.9390/0.9417. However, failure to clear 0.9367 would risk return to 0.9267.

Res: 0.9367, 0.9390, 0.9417, 0.9454
Sup: 0.9309, 0.9279, 0.9267, 0.9234

 

[WindsorBrokers]

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

EUR/USD

Returns to strength after the recent pullback from 1.4035 high, retraced early 50% of 1.33427/1.4035 upleg, and found support at 1.3751. Regain of 1.39 handle keeps the near-term outlook bullish, focusing 1.40 and 1.4035, break of which to open a fresh phase higher. Immediate support lies at 1.3915, while 1.3860, 20 day MA underpins the advance.

Res: 1.3952, 1.3969, 1.4000, 1.4035
Sup: 1.3915, 1.3900, 1.3860, 1.3840

GBP/USD

Remains at the back foot after recovery from Friday’s fresh low at 1.5976 was capped at 1.61. Holding below 1.6125/00 barriers, keep the near-term tone negative, with scope for fresh weakness through 1.5976, to target 1.5957, 14 Feb low and recent range floor, loss of which would signal further retracement of 1.5343/1.6342 upleg.

Res: 1.6077, 1.6098, 1.6124, 1.6175
Sup: 1.6026, 1.6000, 1.5976, 1.5957

USD/JPY

Upside rejection at 83.29 has seen sharp fall through trendline support at 81.67, with spike low at 80.59, ahead of strong bounce above 82.00, where a 20 day MA currently lies. Holding above the latter keeps immediate tone positive, with regain of 82.45/60 zone required to open 83.00/29 barriers for retest. Losing 82.00/81.65 support, will turn focus lower.

Res: 82.25, 82.45, 82.60, 83.05
Sup: 82.03, 81.65, 81.29, 80.57

USD/CHF

Near-term recovery from 0.9200, fresh record low, has so far been limited by 0.9360 zone, with subsequent reversal finding support at 92.70 zone for now. Upside clearance of 20 day MA, currently at 0.9314, is needed to re-focus 0.9360/67 barriers, break of which will open fresh upleg of recovery phase from 0.92. At the downside, 0.9270/55 supports the advance.


Res:0.9357, 0.9367, 0.9390, 0.9417, 0.9454
Sup: 0.9294, 0.9270, 0.9266, 0.9255

 

[WindsorBrokers]

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

EUR/USD

Bounce from 1.3751, Friday’s low, holds gains above 1.39 support and today’s low, with 1.3979 seen so far, just ahead of 1.3987, 08 Mar previous high. Near-term outlook remains bullish, but overbought hourly conditions see scope for correction. 1.3900/1.3892, today’s low / 38.2% retracement of 1.3751/1.3979 upleg should hold dips to maintain immediate bulls for attempt at 1.4000/35.

Res: 1.3979, 1.4000, 1.4018, 1.4035
Sup: 1.3941, 1.3915, 1.3900, 1.3892

GBP/USD

Clearance of 1.61 barrier has triggered fresh extension of bounce from 1.5976, last Friday’s low, to reach 1.6145, just above 1.6035, 38.2% retracement of 1.6241/1.5976 downleg. This increases hopes of further recovery and test of 1.6195/1.6212, resistances, ahead of 1.6241, 09 Mar lower high. Correction on overbought hourly studies sees immediate support at 1.6100/1.6085, with further reversal towards 1.6060 not ruled out, before bulls re-assert. Only loss of 1.6040/25 will signal an end of recovery attempt and re-expose 1.5976/57.

Res: 1.6149, 1.6175, 1.6195, 1.6212
Sup: 1.6100, 1.6085, 1.6060, 1.6040

USD/JPY

Near-term outlook weakens again after strong recovery from 80.59 spike low, surged through 82.00 barrier, to reach 82.45 high. Failure to hold gains above 82.00 has seen a return below here, to re-focus 81.60/10 zone, while 82.45 caps the upside.

Res: 82.00, 82.25, 82.45, 82.60
Sup: 81.72, 81.65, 81.29, 80.57

USD/CHF

Near-term recovery from 0.9200, fresh record low, has so far been limited by 0.9360 zone, with subsequent reversal breaking below 0.9270/55 support zone. This maintains negative near-term tone and focuses 0.9234/21, previous low, ahead of eventual attempt at key support at 0.9200, loss of which will open fresh phase lower. At the upside, 0.9300/15 caps for now, and only break here to ease immediate bear pressure.

Res:0.9357, 0.9367, 0.9390, 0.9417
Sup: 0.9240, 0.9234, 0.9221, 0.9200