Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

Rally off 1.3639/56, 15/16 Mar low, stalled at 1.3816 yesterday, ahead of reversal. Loss of 1.3656/39 supports opens 1.3620/1.3530, to possibly continue broader downtrend. Only regain of 1.3727 would avert immediate bears.

Res: 1.3727, 1.3739, 1.3780, 1.3798
Sup: 1.3639, 1.3620, 1.3595, 1.3575

GBP/USD

Positive short-term structure off yesterday’s 1.5207 higher low starts to fade after break under 1.5268/58 supports, with loss of 1.5207 to way for deeper correction. However, regain of minimum 1.5316/30 is needed to re-focus 1.5367/80.

Res: 1.5330, 1.5367, 1.5380, 1.5417
Sup: 1.5354, 1.5239, 1.5217, 1.5207

USD/JPY

Continues to further retrace the recent 88.13/91.08 upleg, with today’s break below 89.98, near-term range, now focusing 89.62, 09 Mar low/50% retracement, where a higher low would mark fresh attempt towards 91.08/22.

Res: 90.85, 91.08, 91.22, 91.35
Sup: 89.62, 89.45, 89.26, 88.96

USD/CHF

Probed the 1.0523/1.0497 support zone, to reach 1.0505, ahead of bounce. This is seen corrective while 1.0641/48 caps, with further drop reaffirming recent 3-legged corrective swings off 0.9916 to open 1.0424/1.0368 zone next. Break above 1.0641/48 hints renewed strength.

Res: 1.0621, 1.0641, 1.0676, 1.0697
Sup: 1.0505, 1.0497, 1.0481, 1.0476

 

[WindsorBrokers]

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

EUR/USD

Fresh weakness emerged after yesterday’s break through 1.3656/39 key support, extending losses to 1.3586 thus far. This opens way for test of 1.3543/29, 10/05 Mar low and possible attempt at 1.3433 range low. Upside, for now, remains capped by 1.3694 and only clear break here to improve the tone and turn focus to 1.3815.

Res: 1.3645, 1.3694, 1.3727, 1.3739
Sup: 1.3586, 1.3575, 1.3543, 1.3529

GBP/USD

Extended correction off 1.4780 to reach 1.5380 on 17 Mar, retracing between 50% and 61.8% of 1.5814/1.4780 downleg, ahead of the latest reversal. Hourly studies now favor further weakness, after loss of1.5217/06 support zone. Next targets seen at 1.5087/55, ahead of key 1.4976, 16 Mar higher low. Only regain of 1.5250/80 area to delay.

Res: 1.5255, 1.5278, 1.5305, 1.5327
Sup: 1.5162, 1.5087, 1.5055, 1.4976

USD/JPY

Remains constructive off 88.13, yearly low, posted on 04 Mar. Yesterday’s dip under 89.98 support left a lower rejection at 89.74, just above key 89.62, 09 Mar low. This confirms a positive bias for test 91.08, range ceiling, also trendline resistance. Potential break here to open 92.13, 19 Feb high, near-term.

Res: 90.85, 91.08, 91.22, 91.35
Sup: 90.05, 89.75, 89.62, 89.45

USD/CHF

Corrective rally off 1.0505, 17 Mar low/near 50% retracement 1.0129/1.0897 upleg, stalled at 1.0648, just shy of 1.0656, 50% retracement of 1.0808/1.0507 decline. The near-term structure remains negative, and break below 1.0532 to open for 1.0483/47 next.

Res: 1.0621, 1.0645, 1.0656, 1.0676
Sup: 1.0532, 1.0505, 1.0497, 1.0481

 

[WindsorBrokers]

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

EUR/USD

Upside rejection at 1.3816 on 17 Mar has triggered reversal and yesterday’s break under 1.3556/39 supports extended losses to reach 1.3532, former 05/09 March lows today.
Focus is now 1.3433, range low retest, break of which would signal resumption of the broader downtrend. However, hourly conditions are overextended, suggesting correction, though, 1.3625 expected to cap. Break above the latter may delay immediate bears for 1.3694.

Res: 1.3600, 1.3625, 1.3645, 1.3694
Sup: 1.3529, 1.3513, 1.3484, 1.3445

GBP/USD

Extended correction off 1.4780 to reach 1.5380 on 17 Mar, retracing between 50% and 61.8% of 1.5814/1.4780 downleg, ahead of the latest reversal. Hourly studies now favor further weakness, after loss of1.5217/06 support zone. Next targets seen at 1.5087/55, ahead of key 1.4976, 16 Mar higher low. Regain of 1.5250, however, would delay.

Res: 1.5160, 1.5207, 1.5250, 1.5278
Sup: 1.5087, 1.5055, 1.4976, 1.4947

USD/JPY

Remains constructive off 88.13, yearly low, posted on 04 Mar. Yesterday’s dip under 89.98 support left a lower rejection at 89.74, just above key 89.62, 09 Mar low. This confirms a positive bias for test 91.08, range ceiling, also trendline resistance. Potential break here to open 92.13, 19 Feb high, near-term.

Res: 90.79, 91.08, 91.22, 91.35
Sup: 90.05, 89.75, 89.62, 89.45

USD/CHF

Corrective rally off 1.0505, 17 Mar low/near 50% retracement 1.0129/1.0897 upleg, stalled at 1.0645, just shy of 1.0656, 50% retracement of 1.0808/1.0507 decline, followed by sharp reversal to 1.0532. Fresh strength off there now under-way, though clearance of 1.0645 is required to improve the outlook and allow stronger correction. Otherwise, lower top and continuation of the broader downtrend would be likely scenario.

Res: 1.0645, 1.0656, 1.0676, 1.0697
Sup: 1.0532, 1.0505, 1.0497, 1.0481

 

[WindsorBrokers]

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

EUR/USD

Upside rejection at 1.3816 on 17 Mar and break of a 3-week rising wedge turned the immediate focus lower. Clearance of 1.3536/29 support area has so far reached 1.3497, though stretched near-term studies suggest correction, with possible lower top under 1.3628/39, ahead of fresh weakness towards 1.3433. Only break above 1.3639 would pivot market higher.

Res: 1.3586, 1.3600, 1.3625, 1.3639
Sup: 1.3497, 1.3484, 1.3445, 1.3433

GBP/USD

Sharp pullback off last week’s 1.5380 recovery high broke below 1.4976 key support, to reach 1.4930 thus far, en-route to 1.4871, 10 Mar higher low. Overextended hourly studies see correction higher, with lower top seen under 1.5126/60 area. Break below 1.4871 will reaffirm short-term bear presence, opening 1.4780 low.

Res: 1.5035, 1.5125, 1.5160, 1.5224
Sup: 1.4930, 1.4871, 1.4855, 1.4780

USD/JPY

Remains constructive off 88.13, yearly low, posted on 04 Mar. Yesterday’s dip under 89.98 support left a lower rejection at 89.74, just above key 89.62, 09 Mar low. This confirms a positive bias for test 91.08, range ceiling, also trendline resistance. Potential break here to open 92.13, 19 Feb high, near-term.

Res: 90.79, 91.08, 91.22, 91.35
Sup: 90.05, 89.75, 89.62, 89.45

USD/CHF

Has been undergoing a recovery phase off 1.0505, 17 May low. Strong resistance now lies between 1.0640/60 zone, and a break there is needed to trigger a stronger recovery towards 1.0730. The latest reversal has dented 1.0590 support and this may delay bulls for test of 1.0570/32.

Res: 1.0645, 1.0656, 1.0676, 1.0697
Sup: 1.0570, 1.0532, 1.0505, 1.0497

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (15:30 GMT)

EUR/USD

Extended losses off 1.3816, 17 Mar peak, clearing all supports, to hit 1.3462 today and nearly fully retrace the recent 1.3433/1.3816 upleg. Correction on oversold hourly conditions now underway, with 1.3580/1.3600 zone expected to hold. 1.3433, range low remains main target and break lower to focus 1.3250/1.3088, May/ Apr 2009 lows, next.

Res: 1.3545, 1.3586, 1.3600, 1.3625
Sup: 1.3462, 1.3433, 1.3423, 1.3247

GBP/USD

Reversed from 1.5380, last recovery high, clearing 1.4976 key support last Friday, to reach 1.4930 thus far, en-route to 1.4871, 10 Mar higher low. Correction now under way, with lower top seen under 1.5126/60 area. Break below 1.4871 will reaffirm short-term bear presence, opening 1.4780 low. Upside break above 1.5160, however, would allow stronger correction and open 1.5206/55 instead.

Res: 1.5126, 1.5160, 1.5224, 1.5255
Sup: 1.4930, 1.4871, 1.4855, 1.4780

USD/JPY

Dipped sharply 89.82 today, following an upside rejection at 90.76. Positive tone, however, persists, while 89.74/62, consolidation range’s bottom holds, keeping a fresh attempt through 90.76/79 to 91.08 in play. Only loss of 89.62 negates and brings underlying bear trend back to play.

Res: 90.79, 91.08, 91.22, 91.35
Sup: 89.74, 89.62, 89.45, 89.30

USD/CHF

Has been undergoing a recovery phase off 1.0505, 17 May low. Today’s attempt higher has failed at 1.0660 resistance, with sharp pullback emerging. Market now attempts at 1.0575, today’s low/trendline support, break of which would delay immediate bulls and open fresh weakness towards 1.0540/30 zone, possibly to retest 1.0505 bottom. Early rejection above 1.0575, however, would keep fresh attempts at 1.0645/60 in play.

Res: 1.0645, 1.0660, 1.0676, 1.0697
Sup: 1.0575, 1.0532, 1.0505, 1.0497

 

[WindsorBrokers]

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

EUR/USD

Continues to trade within broader 1.3433/1.3816 consolidative range. The latest strong sell-off from 1.3816 found support at 1.3462 yesterday, just above 1.3433 range bottom, ahead of current recovery phase. Higher low is now required to resume towards 1.3586/1.3639, with break of the latter to trigger stronger recovery. However, overall outlook remains negative and upside failure to attract 1.3433, then 1.3250/1.3088.

Res: 1.3568, 1.3586, 1.3600, 1.3625
Sup: 1.3501, 1.3462, 1.3433, 1.3423

GBP/USD

Dipped to 1.4930 yesterday, following an upside rejection from 1.5380 on 17 Mar. Recovery attempt reached 1.5111 today, retracing slightly over 38.2% of 1.5380/1.4930 downleg, ahead of fresh weakness. Need to confirm higher low for retest of 1.4930, break of which would expose 1.4871 and possible final attempt at 1.4780 bottom. 1.5111 now offers initial resistance, ahead of 1.5155/95 zone.


Res: 1.5111, 1.5160, 1.5206, 1.5224
Sup: 1.4976, 1.4930, 1.4871, 1.4780

USD/JPY

Remains locked in 89.74/91.08 consolidation range, with positive bias seen in play while 89.74 support holds. However, sustained break above 90.79/91.08 is needed to resume short-term recovery and focus 92.13 next. Loss of 89.74 would weaken the structure and risk test of 88.13 instead.

Res: 90.37, 90.79, 91.08, 91.22
Sup: 89.74, 89.62, 89.45, 89.30

USD/CHF

Continues to channel higher off 1.0505, 17 Mar low, forming a triangle, with 1.0660 high reached yesterday. Break here is needed to resume recovery towards 1.0694/1.0730. Failure to do so risks downside test of 1.0575, trendline support, then1.0561/30, ahead of possible attempt at 1.0505.

Res: 1.0645, 1.0660, 1.0676, 1.0697
Sup: 1.0575, 1.0530, 1.0505, 1.0497

 

[WindsorBrokers]

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

EUR/USD

Continues to trade within broader 1.3433/1.3816 consolidative range. The latest strong sell-off from 1.3816 found support at 1.3462 yesterday, just above 1.3433 range bottom, ahead of current recovery phase. This has so far stalled at 1.3568, with market attempting to leave a lower top, for fresh push higher. However, regain of 1.3639 is needed to resume short-term recovery, otherwise, attack at 1.3433 and possibly lower would be likely scenario.

Res: 1.3568, 1.3586, 1.3600, 1.3625
Sup: 1.3474, 1.3462, 1.3433, 1.3423

GBP/USD

Fresh strength emerges from 1.4971, today’s low, after recovery attempt off yesterday’s 1.4930 low failed at 1.5111. Break through 1.5111/60 is required to resume near term bears and open 1.5200/50 zone next. Early upside rejection, however, brings 1.4930, then 1.4871 and possibly 1.4780 levels back in focus.


Res: 1.5111, 1.5160, 1.5206, 1.5224
Sup: 1.4971, 1.4930, 1.4871, 1.4780

USD/JPY

Remains locked in 89.74/91.08 consolidation range, with positive bias seen in play while 89.74 support holds. However, sustained break above 90.79/91.08 is needed to resume short-term recovery and focus 92.13 next. Loss of 89.74 would weaken the structure and risk test of 88.13 instead.

Res: 90.37, 90.79, 91.08, 91.22
Sup: 90.12, 89.74, 89.62, 89.45

USD/CHF

Short-term trading remains entrenched within a corrective channel off 1.0887, 02 Mar lower high, while triangular consolidation from 1.0505, 17 Mar low may precede a further push lower through 1.0505/1.04497, strong support area. Only break above 1.0660/76 would ease immediate downside risk and pivot market higher.


Res: 1.0645, 1.0660, 1.0676, 1.0697
Sup: 1.0530, 1.0505, 1.0497, 1.0424

 

[WindsorBrokers]

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

EUR/USD

Continues to trade within broader 1.3433/1.3816 consolidative range. The latest strong sell-off from 1.3816 found support at 1.3462 yesterday, just above 1.3433 range bottom, ahead of current recovery phase. This has so far stalled at 1.3568, with market attempting to leave a lower top, for fresh push higher. However, regain of 1.3639 is needed to resume short-term recovery, otherwise, attack at 1.3433 and possibly lower would be likely scenario.

Res: 1.3568, 1.3586, 1.3600, 1.3625
Sup: 1.3474, 1.3462, 1.3433, 1.3423

GBP/USD

Fresh strength emerges from 1.4971, today’s low, after recovery attempt off yesterday’s 1.4930 low failed at 1.5111. Break through 1.5111/60 is required to resume near term bears and open 1.5200/50 zone next. Early upside rejection, however, brings 1.4930, then 1.4871 and possibly 1.4780 levels back in focus.


Res: 1.5111, 1.5160, 1.5206, 1.5224
Sup: 1.4971, 1.4930, 1.4871, 1.4780

USD/JPY

Remains locked in 89.74/91.08 consolidation range, with positive bias seen in play while 89.74 support holds. However, sustained break above 90.79/91.08 is needed to resume short-term recovery and focus 92.13 next. Loss of 89.74 would weaken the structure and risk test of 88.13 instead.

Res: 90.37, 90.79, 91.08, 91.22
Sup: 90.12, 89.74, 89.62, 89.45

USD/CHF

Short-term trading remains entrenched within a corrective channel off 1.0887, 02 Mar lower high, while triangular consolidation from 1.0505, 17 Mar low may precede a further push lower through 1.0505/1.04497, strong support area. Only break above 1.0660/76 would ease immediate downside risk and pivot market higher.


Res: 1.0645, 1.0660, 1.0676, 1.0697
Sup: 1.0530, 1.0505, 1.0497, 1.0424

 

[WindsorBrokers]

EUR/USD

Latest sell-off from 1.3816 has finally broke below 1.3433, past four week’s range bottom, to open way for fresh weakness. Next targets stand at 1.3423 and 1.3339, May 2009 lows. Correction on oversold hourly studies is likely, with 1.3568 expected to cap.

Res: 1.3444, 1.3462, 1.3480, 1.3502
Sup: 1.3423, 1.3339, 1.3245, 1.3190

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GBP/USD

Positive structure off 1.4930, 22 Mar low, suggests a final leg higher before the formation of a lower high and a possible retest of 1.4780 yearly low. Regain of 1.5207, 61.8% retracement of 1.5380/1.4930 decline, however would open fresh strength.

Res: 1.5018, 1.5051, 1.5086, 1.5111
Sup: 1.4930, 1.4871, 1.4855, 1.4780

USD/JPY

Fresh strength off 89.82, 22 Mar higher low, has cleared 90.76/79 resistances, to dent 91.08 key level. Clear break here would trigger upside extension towards 92.13, 19 Feb high, next. Only reversal under 89.74 would weaken current structure.

Res: 91.27, 91.38, 91.90, 92.13
Sup: 90.79, 90.35, 90.12, 89.74

USD/CHF

Triangular consolidation from 1.0505, 17 Mar low broke above key resistance, with 1.0700 being reached so far. Near-term structure remains positive and potential break above 1.0729, 11 Mar high to spark a recovery to 1.0805/10 next. 1.0637/09 now offers initial support.

Res: 1.0729, 1.0810, 1.0898, 1.0940
Sup: 1.0660, 1.0637, 1.0609, 1.0534

 

[WindsorBrokers]

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

EUR/USD

Today’s break below 1.3433, range bottom, triggered market lower to reach fresh yearly lows. 1.3339, 8 May 2009 low has also been cleared way for test of 1.3190, 30 Apr 2009 low. 1.3462, former support, now reverted to resistance, expected to cap, to hold immediate bears in play.

Res: 1.3444, 1.3462, 1.3480, 1.3502
Sup: 1.3245, 1.3190, 1.3165, 1.3120

GBP/USD

Negative tone now dominates after 1.5111 confirmed as lower top. Today’s break under 1.4930, key near-term support, triggered fresh weakness to test 1.4871, 10 Mar low. This sees potential for final attempt at 1.4780, break of which may signal a significant decline in a near future. Regain of 1.5086/1.5111, however, would ease bear pressure.

Res: 1.4930, 1.4971, 1.5018, 1.5051
Sup: 1.4871, 1.4855, 1.4780, 1.4765

USD/JPY

Today’s strength has broken out of 89.74/91.08 consolidation range, extending gains to 91.95 thus far. Next targets stand at key 92.13, 19 Feb high, break of which would allow stronger correction 93.15/39. Downside, 91.08/90.79 area offers initial support, while only loss of 89.74 would damage current structure.

Res: 92.13, 92.45, 93.15, 93.39
Sup: 91.08, 90.79, 90.35, 90.12

USD/CHF

Triangular consolidation from 1.0505, 17 Mar low, broke above key resistance, to extend gains to 1.0714 so far. Near-term structure remains positive and potential break above 1.0729, 11 Mar high to spark a recovery to 1.0805/10 next. Correction now under way, with 1.0637/09 now offering initial support.

Res: 1.0729, 1.0810, 1.0898, 1.0940
Sup: 1.0637, 1.0609, 1.0534, 1.0477

 

[WindsorBrokers]

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

EUR/USD

Two day bear flag seen on 23 Mar has triggered a fresh weakness to break through 1.3433 range bottom, to commence next key leg lower, targeting 1.3245, then 1.3190, en-route to 1.3090, short-term objective. Upside, 1.3433/62 area should now cap corrective rallies.

Res: 1.3346, 1.3376, 1.3444, 1.3462
Sup: 1.3281, 1.3245, 1.3190, 1.3165

GBP/USD

Positive near-term structure has triggered a minor double bottom reversal from 1.4782, targeting the 1.4950 region, where a lower high is seen forming, ahead of fresh attempt at 1.4780, key low. Regain of 1.5018, yesterday’s intraday high, however, would delay, for stronger recovery towards 1.5085/1.5111.

Res: 1.5018, 1.5051, 1.5086, 1.5111
Sup: 1.4871, 1.4855, 1.4780, 1.4765

USD/JPY

Rallied higher yesterday, breaking through 90.65/79 key resistance area, to complete a continuation pattern that signals an extension off 88.13, yearly low, posted on 04 Mar. Initial target at 92.13, has already been reached, with market now focusing 93.75, yearly high of 08 Jan. Current correction should hold above 91.35, to keep immediate bulls in play.

Res: 92.13, 92.45, 93.15, 93.39
Sup: 91.70, 91.38, 91.08, 90.79

USD/CHF

Triangular consolidation from 1.0505, 17 Mar low, broke above key resistance, to extend gains to 1.0714 so far. Near-term structure remains positive and holding above 1.0660 keeps scope for break above 1.0729, 11 Mar high, to spark a recovery to 1.0805/10 next. Loss of 1.0610, however, would delay and open 1.0560/45 zone instead.

Res: 1.0740, 1.0793, 1.0810, 1.0898
Sup: 1.0660, 1.0637, 1.0609, 1.0534

 

[WindsorBrokers]

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

EUR/USD
Fresh weakness off 1.3561, 23 Mar lower top, broke through 1.3433 range bottom, to commence next leg lower, targeting 1.3245, then 1.3190, en-route to 1.3090, short-term objective. Upside, 1.3433/62 area should now cap corrective rallies.

Res: 1.3376, 1.3444, 1.3462, 1.3486
Sup: 1.3281, 1.3245, 1.3190, 1.3165

GBP/USD

Positive near-term structure has triggered a minor double bottom reversal from 1.4782, targeting the 1.4950 region, where a lower high is seen forming, ahead of fresh attempt at 1.4780, key low. Regain of 1.5018, yesterday’s intraday high, however, would delay, for stronger recovery towards 1.5085/1.5111.

Res: 1.5003, 1.5018, 1.5051, 1.5086
Sup: 1.4855, 1.4780, 1.4765, 1.4755

USD/JPY

Rallied higher yesterday, breaking through 90.65/79 key resistance area, to complete a continuation pattern that signals an extension off 88.13, yearly low, posted on 04 Mar. Clearance of 92.13 has so far reached 92.59, en-route to 93.75, yearly high posted 08 Jan. 91.75/50, today’s low/200 days MA, underpin the advance for now.

Res: 92.75, 93.15, 93.39, 93.75
Sup: 91.75, 91.50, 91.38, 91.08

USD/CHF

Triangular consolidation from 1.0505, 17 Mar low and 50% retracement of 1.0130/1.0898 upleg, broke above key resistance, to extend gains through 1.0729 barrier to reach 1.0740 so far. Near-term structure remains positive and holding above 1.0673/60 keeps scope for recovery towards 1.0805/10. Loss of 1.0610, however, would delay and open 1.0560/45 zone instead.

Res: 1.0740, 1.0793, 1.0810, 1.0898
Sup: 1.0673, 1.0660, 1.0637, 1.0609

 

[WindsorBrokers]

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

EUR/USD

Declined through key 1.3433, range floor yesterday, to reach fresh yearly low at 1.3266 overnight. Next downside targets stand at 1.3245, then 1.3190, ahead of possible attempt at 1.3090. Correction now under way, with 1.3386, yesterday’s high, offering initial resistance. Holding below here would keep immediate bears in play, while break higher would allow stronger correction towards 1.3445/62.

Res: 1.3386, 1.3444, 1.3462, 1.3486
Sup: 1.3283, 1.3266, 1.3245, 1.3190

GBP/USD

Upside attempt off yesterday’s 1.4853 double bottom was short lived, and fresh weakness emerged from 1.5003 lower top, to reach 1.4797, just ahead of key 1.4780, annual low. Break here would likely spark significant weakness towards 1.45/1.44 zone in the near future. Upside, only regain of 1.5380 would improve the outlook.

Res: 1.4871, 1.4930, 1.5003, 1.5018
Sup: 1.4797, 1.4780, 1.4765, 1.4755

USD/JPY

Break through 91.74, two years falling trendline and 92.13, previous high, now focuses 93.09/75, 50% retracement of the broader 101.43/84.80 downmove / 08 Jan yearly high. 91.75 offers immediate support.

Res: 92.94, 93.09, 93.39, 93.75
Sup: 92.13, 91.75, 91.50, 91.38

USD/CHF

Extended recovery off 1.0505, 17 Mar low, to reach 1.0749 high yesterday. Corrective pullback now under way, with 1.0673/60 zone expected to hold, to keep immediate bulls in play for fresh attempt at 1.0805/10.

Res: 1.0749, 1.0793, 1.0810, 1.0898
Sup: 1.0673, 1.0660, 1.0637, 1.0609

 

[WindsorBrokers]

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

EUR/USD

Declined through key 1.3433, range floor yesterday, to reach fresh yearly low at 1.3266 overnight. Next downside targets stand at 1.3245, then 1.3190, ahead of possible attempt at 1.3090. Correction now under way, with latest break above 1.3386, yesterday’s high / trendline resistance, now focusing 1.3462/74. Failure to leave higher low there may put immediate bears on hold for stronger correction towards 1.3530/65.

Res: 1.3444, 1.3462, 1.3486, 1.3503
Sup: 1.3345, 1.3386, 1.3322, 1.3283

GBP/USD

Failed to sustain bounce off 1.4853 double bottom, leaving lower top at1.5003, ahead of fresh weakness to 1.4797, just ahead of key 1.4780, annual low. Break here would likely spark significant weakness towards 1.45/1.44 zone in the near future. Upside, only regain of 1.5380 would improve the outlook.

Res: 1.4930, 1.5003, 1.5018, 1.5060
Sup: 1.4824, 1.4797, 1.4780, 1.4765

USD/JPY

Break through 91.74, two years falling trendline and 92.13, previous high, now focuses 93.09/75, 50% retracement of the broader 101.43/84.80 downmove. 92.29/91.75 zone offers immediate support.

Res: 92.94, 93.09, 93.39, 93.75
Sup: 92.29, 92.13, 91.75, 91.50

USD/CHF

Extended recovery off 1.0505, 17 Mar low, to reach 1.0749 high yesterday. Corrective pullback now under way, with 1.0673/60, initial support zone now being dented, for possible stronger correction towards 1.0609/1.0570 where higher low is seen. Loss of the latter, however, will sideline and attempt at 1.0805/10 and open 1.0545/05 instead.

Res: 1.0700, 1.0722, 1.0749, 1.0793
Sup: 1.0634, 1.0609, 1.0570, 1.0545

 

[WindsorBrokers]

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

EUR/USD

Corrective rally from 1.3266, 25 Mar low, broke through important 1.3433/60/74 resistances, extending gains to 1.3489 overnight, just above 38.2% retracement of 1.3816/1.3266 downleg. 1.3540/70 now seen as key resistance. Loss of 1.3345 weakens recovery phase for 1.3267 and below.

Res: 1.3489, 1.3540, 1.3570, 1.3600
Sup: 1.3415, 1.3380, 1.3345, 1.3322

GBP/USD

Extends bounce off 1.4797, 25 Mar low, currently attempting at 1.5003, 25 Mar peak, ahead of 1.5011, trendline resistance. Further, 1.5087, 50% retracement of 1.5380/1.4797 descend and 1.5111, 23 Mar high, offer resistance. However, lower top under 1.5380 would resume broader downtrend and expose 1.4797 first.

Res: 1.5003, 1.5018, 1.5087, 1.5111
Sup: 1.4878, 1.4845, 1.4824, 1.4797

USD/JPY

Break through 91.74, two years falling trendline and 92.13, previous high, now focuses 93.09/75, 50% retracement of the broader 101.43/84.80 downmove. 92.29/91.75 zone offers immediate support.

Res: 92.94, 93.09, 93.39, 93.75
Sup: 92.29, 92.13, 91.75, 91.50

USD/CHF

Reversal 1.0749, 25 Mar high, spiked lower at 1.0575 overnight, ahead of bounce to 1.0688. Fresh decline is now under way targeting 1.0575 but only break below key 1.0545 to trigger near-term weakness. Only clearance of 1.0688/1.0702 would firm for 1.0749 and higher.

Res: 1.0688, 1.0702, 1.0722, 1.0749
Sup: 1.0579, 1.0575, 1.0545, 1.0505

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (13:30 GMT)

EUR/USD

Corrective rally from 1.3266, 25 Mar low, broke through important 1.3433/60/74 resistances, reached fresh high at 1.3505 today, to retrace between 38.2% and 50% of 1.3816/1.3266 downleg. 1.3540/70 now seen as key resistance, with potential break there to spark further recovery towards 1.3605, 61.8% retracement. Downside loss of 1.3345 weakens recovery phase for 1.3267 and below.

Res: 1.3489, 1.3505, 1.3540, 1.3570
Sup: 1.3415, 1.3380, 1.3345, 1.3322

GBP/USD

Extended recovery from 1.4797, 25 Mar low, to dent 1.5011, trendline resistance, with 1.5018 being reached so far. 1.5087, 50% retracement of 1.5380/1.4797 descend and 1.5111, 23 Mar high, offer resistance. However, lower top under 1.5380 would resume broader downtrend and expose 1.4797 first, ahead of key 1.4780 low.

Res: 1.5018, 1.5087, 1.5111, 1.5165
Sup: 1.4878, 1.4845, 1.4824, 1.4797

USD/JPY

Remains in consolidation mode, following break through 91.74, two years falling trendline and 92.13, previous high, to reach 92.94 high on 25 Mar. Focus remains on 93.09/75, 50% retracement of the broader 101.43/84.80 decline, 92.29/91.75 zone underpins.

Res: 92.94, 93.09, 93.39, 93.75
Sup: 92.29, 92.13, 91.75, 91.50

USD/CHF

Reversal 1.0749, 25 Mar high, spiked lower to reach 1.0575 overnight, ahead of bounce to 1.0688. Fresh dips are now possible, but only break below key 1.0545 to trigger near-term weakness. Upside clearance of 1.0688/1.0702, however, would firm for 1.0749 and higher.

Res: 1.0688, 1.0702, 1.0722, 1.0749
Sup: 1.0579, 1.0575, 1.0545, 1.0505

 

[WindsorBrokers]

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

EUR/USD

Corrective rally from 1.3266, 25 Mar low, has cleared 1.3505, yesterday’s peak, en-route to 1.3540, 50% of 1.3816/1.3266 downleg and key 1.3570 lower ceiling. 1.3433/15 offer initial support, while loss of 1.3375/45 to end recovery phase and focus 1.3266.

Res: 1.3489, 1.3505, 1.3540, 1.3570
Sup: 1.3540, 1.3570, 1.3605, 1.3630

GBP/USD

Continue to correct 1.5380/1.4797 downleg, with today’s clearance of 1.5018 high, now approaching 1.5087, 50% retracement. Above there, 1.5145, trendline resistance is a key level and potential break there to resume correction and open 1.5111 next. Regain of 1.5380, however, is required to neutralize bears. 1.4975/55 offer initial support, ahead of key 1.4890, yesterday’s low.

Res: 1.5087, 1.5111, 1.5165, 1.5204
Sup: 1.5018, 1.4975, 1.4955, 1.4890

USD/JPY

Remains in consolidation mode, following break through 91.74, two years falling trendline and 92.13, previous high, to reach 92.94 high on 25 Mar. Focus remains on 93.09/75, 50% retracement of the broader 101.43/84.80 decline, 92.11/91.75 zone underpins.

Res: 92.71, 92.96, 93.09, 93.39
Sup: 92.11, 91.75, 91.50, 91.33

USD/CHF

Reversal 1.0749, 25 Mar high, has so far found support at 1.0585/75, trendline support, with further dips to 1.0557 not ruled out, but loss of key 1.0545 to trigger near-term weakness. Upside clearance of 1.0661 to firm the tone for 1.0749 test.

Res: 1.0661, 1.0688, 1.0702, 1.0722
Sup: 1.0585, 1.0575, 1.0545, 1.0505

 

[WindsorBrokers]

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

EUR/USD

Corrective rally from 1.3266, 25 Mar low, has so far been capped by 1.3436, just ahead of 1.3540, 50% retracement of 1.3816/1.3266 downleg. Current pullback now attempts at 1.3433 support and possible break under 1.3417 to confirm lower top, ahead of fresh weakness, focusing 1.3266. Early downside rejection, however, would keep near-term bulls in play, though, clearance of key 1.3570 is required to resume recovery.

Res: 1.3540, 1.3570, 1.3605, 1.3640
Sup: 1.3433, 1.3417, 1.3377, 1.3344

GBP/USD

Continue to correct 1.5380/1.4797 downleg, with today’s clearance of 1.5018/1.5111 barriers, now focusing 1.5145, trendline resistance. Break there is required to resume correction towards 1.5215/54, ahead of possible attempt at key 1.5380 high. 1.5017/1.4975 offers support.

Res: 1.5145, 1.5156, 1.5165, 1.5204
Sup: 1.5018, 1.4975, 1.4955, 1.4890

USD/JPY

Remains in consolidation mode, following break through 91.74, two years falling trendline and 92.13, previous high, to reach 92.94 high on 25 Mar. Focus remains on 93.09/75, 50% retracement of the broader 101.43/84.80 decline, 92.11/91.75 zone underpins.

Res: 92.96, 93.09, 93.39, 93.75
Sup: 92.11, 91.75, 91.50, 91.33

USD/CHF

Reversal 1.0749, 25 Mar high, has so far found support at 1.0585/75, trendline support, with further dips to 1.0557 not ruled out, but loss of key 1.0545 to trigger near-term weakness. Upside clearance of 1.0661 is needed to firm the tone for 1.0749 retest.

Res: 1.0661, 1.0688, 1.0702, 1.0722
Sup: 1.0585, 1.0575, 1.0545, 1.0505

 

[WindsorBrokers]

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

EUR/USD

Corrective rally from 1.3266, 25 Mar low, has so far been capped by 1.3536, just ahead of 1.3540, 50% retracement of 1.3816/1.3266 downleg. Reversal off 1.3536 has so far reached 1.3383, ahead of 1.3370, 61.8% retracement of 1.3266/1.3436 upleg. Current softened tone now favors further weakness through 1.3383 to focus 1.3344, with possible retest of 1.3266 on a break. Only regain of 1.3536 would provide relief and target 1.3570, key lower ceiling.

Res: 1.3437, 1.3451, 1.3487, 1.3536
Sup: 1.3383, 1.3370, 1.3344, 1.3266

GBP/USD

Continue to correct 1.5380/1.4797 downleg, to extend gains to 1.5125 high, posted yesterday. Shallow pullback followed, with positive structure now seeking for 1.5123, trendline resistance, then of 1.5156, 61.8% retracement of 1.5380/1.4797 decline, ahead of possibly forming lower top.


Res: 1.5123, 1.5145, 1.5156, 1.5165
Sup: 1.5042, 1.5018, 1.4975, 1.4955

USD/JPY

Yesterday’s completion of a bull flag has triggered a continuation of near-term uptrend, with clearance of 92.94, current range ceiling, extending gains to 93.59 thus far. Further, 93.75, 08 Jan 2010 high is now key and clearance there would attract 94.05, 28 Aug 09 high. 92.74 offer immediate support and only below 92.11 to delay immediate bulls.

Res: 93.59, 93.75, 94.05, 94.30
Sup: 93.02, 92.74, 92.45, 92.11

USD/CHF

Pullback off 1.0749, 25 Mar high, spiked lower at 1.0575 on 29 Mar. A key higher low was then posted at 1.0585 on 30 Mar, also marking a trendline support, and the bounce has broken a trendline drawn off 1.0749. This signals further recovery through 1.0688 to challenge 1.0720, trendline off 1.0887.

Res: 1.0688, 1.0702, 1.0720, 1.0752
Sup: 1.0611, 1.0585, 1.0575, 1.0545

 

[WindsorBrokers]

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

EUR/USD

Corrective rally from 1.3266, 25 Mar low, has so far been capped by 1.3536, just ahead of 1.3540, 50% retracement of 1.3816/1.3266 downleg. Reversal off 1.3536 reached 1.3383 low today, ahead of fresh strength. Break through is required to resume recovery to attempt at key 1.3570 level. Early upside rejection, however, risks lower top ahead of fresh weakness. 1.3383/44 offer initial support, while loss of 1.3266 would continue a broader downtrend.

Res: 1.3536, 1.3540, 1.3570, 1.3605
Sup: 1.3383, 1.3370, 1.3344, 1.3266

GBP/USD

Extended correction of the 1.5380/1.4797 downleg, breaking through 1.512365, trendline resistance/19 Mar high, to retrace over 61.8% at 1.5185 today. Positive hourly studies see scope for further gains towards 1.5215/55, with correction on oversold conditions expected to precede the fresh upleg. 1.5042/18 support for now.


Res: 1.5185, 1.5215, 1.5255, 1.5278
Sup: 1.5042, 1.5018, 1.4975, 1.4955

USD/JPY

Yesterday’s completion of a bull flag has triggered a continuation of near-term uptrend, with clearance of 92.94, current range ceiling, extending gains to 93.59 thus far. Correction is now under way, ahead of fresh push higher, with 93.75, 08 Jan 2010 high now seen key. Break above the latter there would attract 94.05, 28 Aug 09 high. 92.74 offer immediate support and only below 92.11 to delay immediate bulls.

Res: 93.59, 93.75, 94.05, 94.30
Sup: 92.74, 92.45, 92.11, 91.75

USD/CHF

Rally from 1.0585, yesterday’s higher low, stalled at 1.0682, just below 1.0688 key resistance, today, ahead of fresh weakness. Recent break under 1.0599, trendline support and 1.0585/75, has triggered further losses, to probe 1.0545/32, 23/18 Mar low, ahead of possible attempt at key 1.0505. Upside remains capped by 1.0682/88 for now.

Res: 1.0585, 1.0634, 1.0682, 1.0688
Sup: 1.0532, 1.0505, 1.0497, 1.0485