Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

Sours the near-term outlook after yesterday’s rejection at 1.40 barrier and subsequent reversal under 1.39 level. Immediate support lies at 1.3885, 20 day MA at 4-hour chart, with break here to signal lower top at 1.40 and risk further weakness towards 1.3877, 50% of 1.3751/1.4002 ascend and1.3850, 61.8% retracement. At the upside, 1.3946/63 caps for now.

Res: 1.3946, 1.3963, 1.3979, 1.4002
Sup: 1.3892, 1.3885, 1.3877, 1.3850

GBP/USD

Yesterday’s break through 1.61 barrier has triggered fresh gains that failed at 1.62 resistance. Sharp reversal reached 1.6050 low, just above 1.6026, yesterday’s higher low, turning near-term tone negative. Today’s recovery attempt rejection at 1.6137, caps for now, with 1.6026 and key near-term support at 1.5976 in sight. Loss of the recent range floor and 55 day MA at 1.5976/57 would confirm short-term top at 1.6340 and open way for fresh weakness.

Res: 1.6097, 1.6110, 1.6137, 1.6156
Sup: 1.6050, 1.6026, 1.6010, 1.5976

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 the latter, with 81.22 seen so far, en-route to 80.59/24 zone. At the upside, 82.00 offers immediate resistance.

Res: 81.86, 82.00, 82.25, 82.45
Sup: 81.22, 81.10, 80.57, 80.24

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 supports, to break below 0.9221, 04 Mar previous low. This maintains negative near-term tone and keeps focus at key support at 0.9200, loss of which will open fresh phase lower. At the upside, 0.9250/87 offers initial resistance, while regain of 0.9300/14 needed to signal recovery.

Res: 0.9250, 0.9287, 0.9300, 0.9314
Sup: 0.9212, 0.9200, 0.9150, 0.9100

 

[WindsorBrokers]

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

EUR/USD

Reversal from 1.4002, yesterday’s peak, has retraced near 61.8% of 1.3751/1.4002 upleg at 1.3854, where temporary support was found. Fresh strength attempts at 1.3946/63 resistance zone, break of which will re-focus 1.4002/35, otherwise, failure risks higher low and fresh leg lower and expose key near-term support at 1.3850, below which will look for 1.3851, 11 Mar low.

Res: 1.3963, 1.3979, 1.4002, 1.4035
Sup: 1.3920, 1.3892, 1.3854, 1.3839

GBP/USD

Extended decline, following upside rejection at 1.6200, to fully retrace the recent 1.5976/1.6200 upleg. Correction on oversold conditions is under way, with 1.6090 offering initial resistance, where a lower high is anticipated ahead of resumption of near-term downtrend, and below 1.5976 to focus 1.5957, range bottom, loss of which will confirm short-term top at 1.6340 and trigger fresh phase lower. Only break above 1.6137 to ease immediate bear pressure and re-focus 1.6200/41.

Res: 1.6076, 1.6090, 1.6110, 1.6137
Sup: 1.6000, 1.5976, 1.5957, 1.5910

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 sparked fresh weakness below 81.00, targeting 80.59/24, key support zone, loss of which will expose 15-year low at 79.75. At the upside, 82.00/45 is expected to cap.

Res: 81.22, 81.41, 81.86, 82.00
Sup: 80.71, 80.57, 80.24, 80.00

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 supports, to break below 0.9221, 04 Mar previous low and key support at 0.9200, to post fresh historical lows. Further weakness looks for test of 0.9140/00 next, while oversold hourly conditions see scope for correction preceding fresh decline. 0.9250 offers immediate resistance.

Res: 0.9204, 0.9250, 0.9287
Sup: 0.9162, 0.9140, 0.9100, 0.9050

 

[WindsorBrokers]

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

EUR/USD

Trades just under 1.40 barrier after support was found at 1.3854 and fresh strength briefly broke above 1.40. The latter still acts as strong resistance, though, near-term studies remain positive, and while 1.3854 underpins, scope is seen for fresh attempt through 1.4000/35 to signal an upside resumption towards 1.4100 next.

Res: 1.4002, 1.4035, 1.4050, 1.4100
Sup: 1.3963, 1.3920, 1.3854, 1.3839

GBP/USD

Attempts to form near-term double bottom at 1.5975, as fresh strength remains supported at 1.6050. Break above 1.6100 barrier would signal further extension towards 1.6137 barrier, break of which is needed to confirm and expose 1.6200 next. Below 1.6050, however, weakens immediate outlook.

Res: 1.6100, 1.6120, 1.6137, 1.6200
Sup: 1.6050, 1.6000, 1.5976, 1.5957

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 sparked fresh weakness below 81.00, has so far tested 80.60, ahead of 80.24 key support, loss of which will expose 15-year low at 79.75. At the upside, 82.00/45 is expected to cap.

Res: 81.16, 81.41, 81.86, 82.00
Sup: 80.24, 80.00, 79.75, 79.50

USD/CHF

Extends weakness after 0.9360 capped the recovery attempt, with loss 0.9200 support triggering fall to post fresh record low at 0.9139. Correction is under way, with 0.9200/45, previous low / 20 day MA, offering initial resistance. However, regain of 0.9360 barrier is needed to signal stronger recovery.

Res: 0.9196, 0.9204, 0.9220, 0.9245
Sup: 0.9150, 0.9139, 0.9100, 0.9050

 

[WindsorBrokers]

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

EUR/USD

Upside remains capped at 1.40 near-term with latest pullback extending through 20 day MA at 1.3940 and retracing over 61.8% of 1.3854/1.4012 ascend. While 1.40 intact, immediate scope is seen for possible probe under 1.39 and retest of 1.3854, break of which will confirm double top and open way for fresh weakness towards 1.3751.
Trades just under 1.40 barrier after support was found at 1.3854 and fresh strength briefly broke above 1.40. The latter still acts as strong resistance, though, near-term studies remain positive, and while 1.3854 underpins, scope is seen for fresh attempt through 1.4000/35 to signal an upside resumption towards 1.4100 next.

Res: 1.4002, 1.4035, 1.4050, 1.4100
Sup: 1.3911, 1.3862, 1.3854, 1.3839

GBP/USD

Fails to sustain gains above 1.61, with subsequent reversal attempting at 1.6050 support and overnight low. Break here will end hopes of forming double bottom and return 1.5976/57, short-term range floor, back in focus. At the upside, 1.6130/37 offers initial resistance, and sustained break higher needed to revive bulls.

Res: 1.6116, 1.6130, 1.6137, 1.6200
Sup: 1.6047, 1.6000, 1.5976, 1.5957

USD/JPY

Maintains negative tone after upside rejection at 82.45, to extend losses through 80.59, 14 Mar spike low, to 80.44 today. Immediate focus lies at 80.24, 15 year low, break of which will expose 79.75, 1995 record low. At the upside, 82.00/45 is expected to cap.

Res: 81.16, 81.41, 81.86, 82.00
Sup: 80.24, 80.00, 79.75, 79.50

USD/CHF

Extends weakness after 0.9360 capped the recovery attempt, with loss of 0.9200 support triggering fall to post fresh record low at 0.9139. Subsequent corrective attempt was short-lived, as 0.92 capped, with fresh low posted at 0.9130. Studies remain negative, despite being in oversold zone, with 0.9100 seen next.

Res: 0.9196, 0.9204, 0.9220, 0.9245
Sup: 0.9139, 0.9130, 0.9100, 0.9050

 

[WindsorBrokers]

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

EUR/USD

Trades within 1.3854/1.4000 range following repeated upside rejection at 1.40. Near-term outlook remains supportive, with renewed strength through 1.39 and 1.3946, 20 day MA, setting scope for fresh attack at key resistances at 1.4000/35, break of which will signal resumption of the broader uptrend and open 1.4080/1.4156 next. Failure to clear 1.40 barrier, however, risks fresh reversal, though, immediate bulls remain in play while 1.3865/54 support zone holds. 1.3751 remains key near-term support.

Res: 1.4000, 1.4011, 1.4035, 1.4050
Sup: 1.3915, 1.3865, 1.3854, 1.3839

GBP/USD

Bounces higher after yesterday’s weakness through 1.5976 double bottom extended to test key short-term support and range floor at 1.5957, also 38.2% retracement of 1.5343/1.6342 upleg. Current strength needs to clear 1.61/1.6137 barriers to signal recovery under way and expose 1.6200, 61.8% retracement of 1.6342/1.5959 decline. Early rejection under 1.6137 will suggest a continuation of downtrend from 1.6342, with loss of 1.5957 to signal short-term top, and open fresh phase lower.

Res: 1.6100, 1.6116, 1.6130, 1.6137
Sup: 1.6018, 1.6000, 1.5976, 1.5957

USD/JPY

Has ended recovery attempt from 80.24, Nov 2010 low, after losing key supports and break below 80.24 and 79.75, 1995 all-time low, has triggered sharp decline to post fresh record low at 76.25. Subsequent strong bounce reached 79.75 so far, though break above 80.65/81.00 is required to ease bear pressure, as near-term studies remain negative

Res: 79.43, 79.75, 80.00, 80.24
Sup: 79.15, 78.59, 78.00, 76.94

USD/CHF

Has dipped to fresh record low at 0.8900 after losing the previous 0.9139 handle. Correction is under way, with 0.9057 seen so far and regain of 0.9139/96 is needed to signal further recovery, otherwise, lower top will precede fresh leg lower.

Res: 0.9046, 0.9057, 0.9070, 0.9100
Sup: 0.9010, 0.8977, 0.8958, 0.8900

 

[WindsorBrokers]

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

EUR/USD

Final push through 1.4000/35 barriers has so far seen 1.4055 high, ahead of correction on overbought hourly chart. 38.2% of 1.3867/1.4055 has so far been retraced, at 1.3980 with higher low anticipated here to maintain bulls for fresh attempt higher. Sustained break above 1.4055 will target 1.4100, then 1.4280, Nov 2010 high and trendline resistance, connecting 1.6039 and 1.1.5144 peaks.

Res: 1.4015, 1.4035, 1.4055, 1.4083
Sup: 1.3953, 1.3915, 1.3865, 1.3854

GBP/USD

Bounces higher after yesterday’s weakness through 1.5976 double bottom extended to test key short-term support and range floor at 1.5957, also 38.2% retracement of 1.5343/1.6342 upleg. Gains cleared 1.6137 resistance, extending to 1.6170 thus far, en-route to 1.6200, possibly 1.6241 on a break. Pullback on overbought conditions is seen corrective, with higher low expected at 1.6090/70 before fresh push higher, while below 1.6040 would signal lower top at 1.6170 and fresh attack at 1.5957.


Res: 1.6150, 1.6170, 1.6200, 1.6241
Sup: 1.6100, 1.6090, 1.6070, 1.6040

USD/JPY

Has ended recovery attempt from 80.24, Nov 2010 low, after losing key supports and break below 80.24 and 79.75, 1995 all-time low, has triggered sharp decline to post fresh record low at 76.25. Subsequent strong bounce reached 79.75 so far, though break above 80.65/81.00 is required to ease bear pressure, as near-term studies remain negative.

Res: 79.43, 79.75, 80.00, 80.24
Sup: 78.24, 78.00, 76.94, 76.25

USD/CHF

Has dipped to fresh record low at 0.8900 after losing the previous 0.9139 handle. Corrective bounce reached 0.9057, ahead of narrow consolidation. 0.8976 underpins for now, though upside regain of 0.9139/96 is needed to signal further recovery, otherwise, fresh weakness towards 0.8900 and possible fresh lows, would be likely scenario.

Res: 0.9027, 0.9046, 0.9057, 0.9070
Sup: 0.9010, 0.8993, 0.8976, 0.8958

 

[WindsorBrokers]

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

EUR/USD

Has found a near-term support at 1.4050/40 zone, ahead of fresh thrust higher, clearing 1.4100 barrier and approaching 1.4150. Market now eyes 1.4280/1.4313, Oct 2010 peak / major trendline resistance, drawn off 1.6039, all time high. Overbought hourly conditions see scope for correction, with immediate support at 1.4050/40. Further down, 1.3980, today’s low, 20 day MA, offers key near-term support, and only break here would delay immediate bulls.

Res: 1.4150, 1.4200, 1.4256, 1.4280
Sup: 1.4108, 1.4073, 1.4040, 1.3980

GBP/USD

Yesterday’s strength off 1.5959, short-term range bottom was capped by 1.62 zone, ahead of sharp reversal to 1.6059, near 61.8% retracement of 1.5959/1.6190, where a temporary support was found. Fresh attempt at 1.6190/1.62 is under way, with clear break required to resume near-term gains and open 1.6241, ahead of range ceiling at 1.63/1.6342. Failure to clear 1.62, however, will signal further range trading while 1.5959 holds the downside.

Res: 1.6190, 1.6200, 1.6241, 1.6300
Sup: 1.6133, 1.6100, 1.6090, 1.6070

USD/JPY

Extends near-term recovery after hitting fresh all-time low at 76.25. Consolidation within 78.20/79.00 range preceded strong rally, fueled by CB’s intervention, and regaining 82.00 handle. While holding above initial support at 79.80, scope exists for further gains towards 82.45 and 83.00/30 on a break. Losing 79.80 will re-focus 78.20/76.25.

Res: 81.74, 81.98, 82.41, 83.05
Sup: 81.20, 80.65, 79.80, 79.16

USD/CHF

Has dipped to fresh record low at 0.8900 after losing the previous 0.9139 handle.
Correction/consolidation above 0.8960 is under way, though 0.9090 caps for now. Regain of 0.92 level is needed to signal recovery and open 0.9370 next, otherwise fresh attack at 0.8960/00 and posting new record high, would be likely scenario.


Res: 0.9070, 0.9089, 0.9139, 0.9200
Sup: 0.9005, 0.8986, 0.8961, 0.8900

 

[WindsorBrokers]

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

EUR/USD

Maintains bullish tone, trading in a narrow consolidative range, just under 1.4182 high. Market looks for break above 1.4200 barrier to target key resistances at 1.4280, Nov 2010 peak and major trendline resistance, currently at 1.4303. 20 day MA at 1.4157 on hourly chart and 1.4153 range low, offer immediate support, ahead of 1.4120/00, while loss of 1.4040 would open way for deeper correction.


Res: 1.4182, 1.4200, 1.4256, 1.4280
Sup: 1.4155, 1.4120, 1.4105, 1.4082

GBP/USD

Holds gains after Friday’s break above 1.6241, previous high, and shallow correction off 1.6254 fresh high, being contained by 1.62 zone for now. Fresh strength above will try again at 1.6300/42, key resistance zone, break of which will open fresh phase higher. 1.62/1.6180 offers initial support, ahead of 1.6150, while below 1.6135/20 would signal temporary top.

Res: 1.6254, 1.6300, 1.6340, 1.6370
Sup: 1.6200, 1.6180, 1.6150, 1.6135

USD/JPY

Has found temporary support below 81.00 after strong rally from 76.25 record high regained 82.00 level, with subsequent correction reversing at 80.57. Clearance of 81.00 now eyes 82.00, break of which is needed to resume recovery and expose 83.05/29 next. 80.57 underpins the advance, and break here to signal lower top ahead of fresh weakness.

Res: 81.74, 81.98, 82.41, 83.05
Sup: 80.81, 80.57, 80.16, 79.75

USD/CHF

Undergoes recovery after dipping to a fresh all-time low at 0.8900
Correction above 0.8960 higher low remains capped by 0.9090, Friday’s high, with break here needed to resume towards 0.92 level, break of which is needed to continue recovery and open 0.9370 next, otherwise fresh attack at 0.8960/00 and posting new record high, would be likely scenario.


Res: 0.9058, 0.9090, 0.9139, 0.9200
Sup:0.9028, 0.9000, 0.8986, 0.8961

 

[WindsorBrokers]

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

EUR/USD

Hovers just under 1.42 mark after push above 1.4182 previous low, posted fresh high at 1.4202. Near-term studies remain positive, though in overbought zone on 4-hour chart, with 1.4280/1.4303, key levels in sight. At the downside, 1.4135/20 offer immediate support, while higher platform at 1.4040 underpins the advance.

Res: 1.4202, 1.4256, 1.4280, 1.4303
Sup: 1.4145, 1.4135, 1.4120, 1.4105

GBP/USD

Extends gains through 1.6254, previous high, to touch 1.6294, ahead of shallow correction to 1.6250. Fresh strength looks for clearance of 1.63 barrier for retest of key near-term resistance at 1.6342 and resume the latest bull leg from 1.5343 higher low. Hourly studies remain supportive but overextended, with potential correction to target initial support at 1.6200 zone.

Res: 1.6294, 1.6300, 1.6340, 1.6370
Sup: 1.6250, 1.6200, 1.6180, 1.6150

USD/JPY

Has found temporary support below 81.00 after strong rally from 76.25 record high regained 82.00 level, with subsequent correction reversing at 80.57. The pair was unable to sustain gains above 81.00, with 81.3, today’s high, capping for now. Renewed risk of break through 81.00/80.57 would open way for fresh weakness below 80.00. At the upside, clearance of 82.00 is needed to resume recovery.

Res: 81.31, 81.74, 81.98, 82.41
Sup: 80.92, 80.81, 80.57, 80.16

USD/CHF

Undergoes recovery after dipping to a fresh all-time low at 0.8900
Correction above 0.8960 higher low remains capped by 0.9090, Friday’s high for now, and break here needed to resume towards 0.92 level, clearance of which is needed to continue recovery and open 0.9370 next. Holding below 0.9090, however, keeps risk of fresh weakness towards 0.8960/00 in play.


Res: 0.9072, 0.9090, 0.9139, 0.9200
Sup:0.9028, 0.9000, 0.8986, 0.8961

 

[WindsorBrokers]

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

EUR/USD

Remains in bull-trend after yesterday’s break above 1.42 level hit 1.4239 high and subsequent consolidation above 20 day MA, currently at 1.4207. Succession of fresh highs keeps focus at 1.4280/1.4303 key barriers, Nov 2010 peak / major trendline resistance, despite overbought hourly/4-hour conditions. Dips are for now seen corrective, with 1.4200/1.4140 offering initial support, while key near-term support lies at 1.3855.

Res: 1.4241, 1.4256, 1.4280, 1.4303
Sup: 1.4200, 1.4182, 1.4150, 1.4135

GBP/USD

Extends advance from 1.5959, 17 Mar low and short-term range floor, to eventually break above 1.63 barrier. 1.6326 high was seen so far, with focus on key short-term level at 1.6342, 02 Mar high, break of which will signal a break above the near-term consolidation range and expose 1.6456, Jan 2010 annual high. However, risk of upside rejection under 1.6342 still exists, as wider picture shows a formation of head and shoulders pattern from Feb 2011, and failure to clear 1.6342 will suggest a completion of the pattern and attack at neckline at 1.5952.

Res: 1.6326, 1.6342, 1.6370, 1.6400
Sup: 1.6291, 1.6250, 1.6200, 1.6180

USD/JPY

Consolidates in a narrow range after sharp recovery off 79.25 record low peaked at 82.00. Downside remains supported by 80.57, Friday’s low / 20 day MA, for now, with clearance of 81.30, range ceiling and 82.00 needed to resume recovery. 82.66, 90 day MA on a daily chart, and 83.30, 11 Mar high, are seen on a break. However, loss of 80.57 will signal fresh weakness under 80.00 handle. Longer-term outlook remains bearish.

Res: 81.31, 81.74, 81.98, 82.41
Sup: 80.81, 80.57, 80.16, 80.00

USD/CHF

Maintains near-term positive tone after reversal from 0.9089, last Friday’s recovery high, settles above 0.9000 level. Recent range’s ceiling at 0.9072/89 needs to be cleared to resume recovery attempt off 0.8900 record low, and expose 0.9139, near 50% retracement of 0.9367/0.8900 downleg where a lower high is anticipated, ahead of fresh weakness, with loss of 0.9000 support to re-focus 0.8961/0.8900 levels.
Undergoes recovery after dipping to a fresh all-time low at 0.8900

Res: 0.9072, 0.9089, 0.9139, 0.9200
Sup:0.9011, 0.9000, 0.8986, 0.8961

 

[WindsorBrokers]

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

EUR/USD

Corrects below 1.42 level after extending gains to post fresh 4-month high at 1.4247. Next supports lie at 1.4135, yesterday’s low and 1.4100, 38.2% retracement of 1.3867/1.4247 ascend, where corrective dips should be contained, for fresh push higher. Above 1.4247 to target 1.4280/1.4303.

Res: 1.4200, 1.4247, 1.4256, 1.4280
Sup: 1.4158, 1.4135, 1.4100, 1.4073

GBP/USD

Extends advance from 1.5959, 17 Mar low and short-term range floor, breaking through 1.6342 key resistance, to briefly test 1.64 barrier. Narrow consolidation above 1.6360 is expected to precede fresh push higher and through 1.64 to target 1.6456, 2010 high and psychological level at 1.6500. 20 day MA, currently at 1.6325 underpins the advance.

Res: 1.6385, 1.6400, 1.6456, 1.6500
Sup: 1.6260, 1.6225, 1.6200, 1.6180

USD/JPY

Consolidates in a narrow range after sharp recovery off 79.25 record low peaked at 82.00. Downside remains supported by 80.57, Friday’s low / 20 day MA, for now, with clearance of 81.30, range ceiling and 82.00 needed to resume recovery. 82.66, 90 day MA on a daily chart, and 83.30, 11 Mar high, are seen on a break. However, loss of 80.57 will signal fresh weakness under 80.00 handle. Longer-term outlook remains bearish.

Res: 81.31, 81.74, 81.98, 82.41
Sup: 80.81, 80.57, 80.16, 80.00

USD/CHF

Maintains near-term positive tone after reversal from 0.9089, last Friday’s recovery high, settles above 0.9000 level. Recent range’s ceiling at 0.9072/89 needs to be cleared to resume recovery attempt off 0.8900 record low, and expose 0.9139, near 50% retracement of 0.9367/0.8900 downleg where a lower high is anticipated, ahead of fresh weakness, with loss of 0.9000 support to re-focus 0.8961/0.8900 levels.
Undergoes recovery after dipping to a fresh all-time low at 0.8900

Res: 0.9072, 0.9089, 0.9139, 0.9200
Sup:0.9011, 0.9000, 0.8986, 0.8961

 

[WindsorBrokers]

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

EUR/USD

Trades in a near-term corrective mode after hitting fresh high at 1.4247 yesterday. Initial support at 1.4135 is still intact, with possible extension to 1.4100, 38.2% of 1.3867/1.4247 upleg, before fresh push higher. Above 1.4247 to focus 1.4280 and 1.4303, key barriers.

Res: 1.4185, 1.4200, 1.4217, 1.4247
Sup: 1.4135, 1.4100, 1.4073, 1.4040

GBP/USD

Continues to consolidate above 1.6340/26 support zone, following yesterday’s rally to fresh 14-month high at 1.6400. Further supports lie at 1.6290/80, hourly higher platform / 4-hour 20 day MA, while upside clearance of 1.6400 to spark fresh gains towards 1.6456/1.6500.

Res: 1.6385, 1.6400, 1.6456, 1.6500
Sup: 1.6340, 1.6290, 1.6280, 1.6225

USD/JPY

Continues to trade in a narrow range after sharp recovery off 79.25 record low peaked at 82.00. Downside remains supported by 80.57, Friday’s low / 20 day MA, for now, with clearance of 81.30, range ceiling and 82.00 needed to resume recovery. 82.66, 90 day MA on a daily chart, and 83.30, 11 Mar high, are seen on a break. However, loss of 80.57 will signal fresh weakness under 80.00 handle. Longer-term outlook remains bearish.

Res: 81.31, 81.74, 81.98, 82.41
Sup: 80.57, 80.16, 80.00, 79.17

USD/CHF

Remains in a near-term corrective/consolidative mode after reversal from 0.9089, last Friday’s recovery high, settles above 0.9000 level. Recent range’s ceiling at 0.9072/89 needs to be cleared to resume recovery attempt off 0.8900 record low, and expose 0.9139, near 50% retracement of 0.9367/0.8900 downleg where a lower high is anticipated, ahead of fresh weakness, with loss of 0.9000 support to re-focus 0.8961/0.8900 levels.


Res: 0.9072, 0.9089, 0.9139, 0.9200
Sup: 0.9000, 0.8986, 0.8961, 0.8900

 

[WindsorBrokers]

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

EUR/USD

Extends reversal from fresh high at 1.4247 after losing the initial support at 1.4135, to test 38.2% retracement of 1.3867/1.4247, at 1.4100. Bounce from here needs to clear 20 day MA, currently at 1.4173 and 1.4213, today’s high, to resume bulls towards 1.4247 and 1.4280/1.4303 on a break. Failure under 1.4213, however, would signal further correction and focus 1.4057/40, 50% retracement / 18 Mar low.

Res: 1.4148, 1.4173, 1.4213, 1.4247
Sup: 1.4100, 1.4073, 1.4057, 1.4040

GBP/USD

Slides further after reversal from 1.6400, 14-month high, lost initial support at 1.6300. Market has so far retraced over 38.2% of 1.5957/1.6400 ascend at 1.6218, just ahead of 1.6200 higher platform support. Fresh gains are looking for test of 1.6290/1.6326 zone, break of which will return 1.6400 in focus. Otherwise, loss of 1.6218/00 will open 1.6180/30 Fibonacci levels for test and signal near-term top.

Res: 1.6290, 1.6305, 1.6326, 1.6385
Sup: 1.6218, 1.6200, 1.6180, 1.6150

USD/JPY

Continues to trade in a narrow range after sharp recovery off 79.25 record low peaked at 82.00. Downside remains supported by 80.57, Friday’s low / 20 day MA, for now, with clearance of 81.30, range ceiling and 82.00 needed to resume recovery. 82.66, 90 day MA on a daily chart, and 83.30, 11 Mar high, are seen on a break. However, loss of 80.57 will signal fresh weakness under 80.00 handle. Longer-term outlook remains bearish.

Res: 81.31, 81.74, 81.98, 82.41
Sup: 80.57, 80.16, 80.00, 79.17

USD/CHF

The recent narrow consolidative band floor at 0.9000 has been briefly broken, ticking 0.8976, just above key near-term support at 0.8961. Fresh strength has so far regained 0.9060, ahead of 0.9086, range ceiling, break of which is needed to signal fresh recovery under way and expose 0.9139 and 0.9200 on a break. 0.8976/61 underpin the advance for now.

Res: 0.9065, 0.9089, 0.9139, 0.9200
Sup: 0.9000, 0.8976, 0.8961, 0.8900

 

[WindsorBrokers]

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

EUR/USD

Negative near-term studies continue to pressure the pair to extend reversal from 1.4247, 22 Mar peak. Over 50% of 1.3867/1.4247 upleg has been retraced so far, to test 1.4050/40 support zone, where a higher low is anticipated, as hourly studies entered oversold zone. However, recovery attempts are seen corrective while lower top at 1.4213 caps, with break here needed to re-focus 1.4247 and 1.4280 on a break. At the downside, 1.4030/12 levels are next supports, with potential break lower to confirm near-term top and signal return to 1.3868/54 base.

Res: 1.4090, 1.4113, 1.4136, 1.4161
Sup: 1.4040, 1.4030, 1.4012, 1.3980

GBP/USD

Extends retreat from 1.6400 peak after consolidation attempt above 1.6230 failed, to test 1.6200, 21 Mar higher platform. Loss of the latter will focus 1.6180/28, 50%/61.8% of 1.5959/1.6400 ascend, loss of which will suggest return to 1.5960, short-term range floor. At the upside, break above 1.6270, overnight’s high, is needed to spark fresh gains towards1.6340/50, then 1.6380/1.6400 barriers.

Res: 1.6270, 1.6290, 1.6305, 1.6340
Sup: 1.6200, 1.6180, 1.6150, 1.6128

USD/JPY

Continues to trade in a narrow range after sharp recovery off 79.25 record low peaked at 82.00. Downside remains supported by 80.57, Friday’s low / 20 day MA, for now, with clearance of 81.30, range ceiling and 82.00 needed to resume recovery. 82.66, 90 day MA on a daily chart, and 83.30, 11 Mar high, are seen on a break. However, loss of 80.57 will signal fresh weakness under 80.00 handle. Longer-term outlook remains bearish.

Res: 81.31, 81.74, 81.98, 82.41
Sup: 80.69, 80.57, 80.16, 80.00

USD/CHF

The recent narrow consolidative band floor at 0.9000 has been briefly broken, ticking 0.8976, just above key near-term support at 0.8961. Fresh strength cleared 0.9089, recent range floor, to extend gains above 0.91 level. Immediate focus is at 0.9133/39, 50% retracement of 0.9367/0.8900 decline / 15 Mar low, with lower top seen below 0.9200, to resume broader bear-trend. Only regain of 0.9367, 09 Mar high, would improve near-term tone and signal fresh recovery.

Res: 0.9133, 0.9139, 0.9200, 0.9250
Sup: 0.9070, 0.9000, 0.8976, 0.8961

 

[WindsorBrokers]

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

EUR/USD

Reversal off 1.4247 peak has found a temporary support at 1.4052, near 50% retracement of 1.3867/1.4247 upleg, ahead of recovery attempt. This was so far capped by 1.4150, with upside break above 1.4213 required to confirm higher low at 1.4052 and open way for fresh attempt through 1.4247, towards 1.4280/1.4300 zone. Upside failure, however, risks higher low and extension of near-term downtrend and below 1.4052 opens 1.4030/12.

Res: 1.4150, 1.4161, 1.4213, 1.4247
Sup: 1.4105, 1.4094, 1.4052, 1.4040

GBP/USD

Extends retreat from 1.6400 peak after consolidation attempt above 1.6230 failed, with loss of 1.6200, 21 Mar higher platform approaching 1.6128, 61.8% retracement of 1.5959/1.6400 upleg. Loss of the latter would confirm near-term top at 1.6400 and expose higher low at 1.6059, ahead of possible full retracement of the recent rally. Initial resistance lies at 1.6220, while clearance of 1.6270 would signal fresh recovery under way.

Res: 1.6194, 1.6220, 1.6270, 1.6290
Sup: 1.6137, 1.6128, 1.6100, 1.6059

USD/JPY

Continues to trade in a narrow range after sharp recovery off 79.25 record low peaked at 82.00. Downside remains supported by 80.57, Friday’s low / 20 day MA, for now, with clearance of 81.30, range ceiling and 82.00 needed to resume recovery. 82.66, 90 day MA on a daily chart, and 83.30, 11 Mar high, are seen on a break. However, loss of 80.57 will signal fresh weakness under 80.00 handle. Longer-term outlook remains bearish.

Res: 81.31, 81.74, 81.98, 82.41
Sup: 80.69, 80.57, 80.16, 80.00

USD/CHF

Extended recovery after finding support at 0.8976, clearing 0.9089 range ceiling, to hit fresh near-term high at 0.9122. Corrective pullback remains supported by 0.9050, 20 day MA for now, with fresh gains required to clear 0.9122, to resume recovery. Alternative scenario sees risk of losing 0.9050 handle and return back to 0.8976/61 support zone.

Res: 0.9122, 0.9139, 0.9200, 0.9250
Sup: 0.9050, 0.9000, 0.8976, 0.8961

 

[WindsorBrokers]

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

EUR/USD

Returns to strength after pullback from 1.4247 was contained at 1.4050/40 support zone, 17 Mar high/18 Mar lows, also near 50% retracement of 1.3867/1.4247 upleg. Key near-term barrier at 1.4213, 23 Mar lower top has been tested, ahead of the latest consolidation just under 1.42 level. Break above 1.4213/18 is now required for retest of 1.4247, above which will look for test of key barriers at 1.4280, 04 Nov 2010 high / major bear trendline connecting 1.6039 and 1.5140 peaks. However, risk of failure to clear 1.4213 still exists, with possible return to 1.4100/1.4050 not ruled out.

Res: 1.4213, 1.4218, 1.4247, 1.4280
Sup: 1.4150, 1.4105, 1.4094, 1.4052

GBP/USD

Continues to trend lower on reversal from fresh high at 1.6400, losing 61.8% retracement level of 1.5959/1.6400, to hit 1.6091 low thus far. Corrective attempts should be capped by 1.6215, ahead of fresh leg lower to target 1.6065, 55 day MA and 1.6059, 18 Mar low, before final push towards 1.5959, the recent range bottom. At the upside, break above 1.6215 opens 1.6270, above which 1.64 comes in focus.


Res: 1.6148, 1.6194, 1.6215, 1.6270
Sup: 1.6091, 1.6065, 1.6059, 1.6018

USD/JPY

Continues to trade in a narrow range after sharp recovery off 79.25 record low peaked at 82.00. Downside remains supported by 80.57, Friday’s low / 20 day MA, for now, with clearance of 81.30, range ceiling and 82.00 needed to resume recovery. 82.66, 90 day MA on a daily chart, and 83.30, 11 Mar high, are seen on a break. However, loss of 80.57 will signal fresh weakness under 80.00 handle. Longer-term outlook remains bearish.

Res: 81.31, 81.74, 81.98, 82.41
Sup: 80.69, 80.57, 80.16, 80.00

USD/CHF

Maintains positive tone after pullback from 0.9122, yesterday’s fresh recovery high, found support at 0.9027. Renewed strength above 0.91 looks for clearance of 0.9122/39 to resume recovery towards 0.9187/0.9200, 61.8% retracement of 0.9367/0.8900 downleg / 02 Mar low, break of which will expose key short-term barrier at 0.9367. Higher low at 0.9027 underpins the advance, while loss of 0.8976/61 support zone, will signal bears back in play.

Res: 0.9122, 0.9139, 0.9200, 0.9250
Sup: 0.9075, 0.9050, 0.9027, 0.9000

 

[WindsorBrokers]

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

EUR/USD

Recovery attempt from 1.4050, yesterday’s low, failed to clear 1.4213 barrier, followed by subsequent easing to 1.41 zone. This has turned immediate tone negative, but while 1.4080/1.4050, 55 day MA / higher low holds, scope exists for fresh attack at 1.4213, then 1.4280, on a break. Downside loss of 1.4050, however, would confirm lower high at 1.4213 and open way for further easing towards 1.4012, 61.8% retracement and 1.3980, 18 Mar low.

Res: 1.4174, 1.4192, 1.4213, 1.4218
Sup: 1.4105, 1.4094, 1.4052, 1.4040

GBP/USD

Continues to trend lower on reversal from fresh high at 1.6400, losing 61.8% retracement level of 1.5959/1.6400, to test 1.6059, 18 Mar low so far. Clear break here will expose 1.5959, last 6-week range floor. Initial resistance lies at 1.6140, while break above 1.6215, 23/24 Mar consolidation range ceiling is needed to turn focus higher.

Res: 1.6127, 1.6140, 1.6194, 1.6215
Sup: 1.6040, 1.6018, 1.6000, 1.5959

USD/JPY

Bounces higher from past week narrow consolidation range to test 81.31 range ceiling, ahead of sharp reversal under 80.00. Recovery attempt has temporarily regained 81.00 handle, but break above 81.31/36 is needed to confirm and expose 82.00 next. At the downside, 80.86/69 underpins, with loss of 80.57 to signal resumption of the broader downtrend.

Res: 81.36, 81.74, 81.98, 82.41
Sup: 80.86, 80.69, 80.57, 80.16

USD/CHF

Maintains positive tone after pullback from 0.9122, yesterday’s fresh recovery high, found support at 0.9027. Renewed strength above 0.91 cleared 0.9122/39 barriers, looking upside extension towards 0.9187/0.9200, 61.8% retracement of 0.9367/0.8900 downleg / 02 Mar low, break of which will expose key short-term barrier at 0.9367. Immediate support lies at 0.9120, while higher low at 0.9027 underpins the advance.

Res: 0.9160, 0.9187, 0.9200, 0.9250
Sup:0.9120, 0.9075, 0.9050, 0.9027

 

[WindsorBrokers]

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

EUR/USD

Has left a near-term double top at 1.4215 ahead of fresh slide under 1.4052, previous low, to test 1.4020 so far. Current bounce is seen corrective, while 1.4080, 20 day MA and Friday’s closing price, stay intact. However, bearish near-term studies favor further easing towards 1.4000/1.3980, possibly 1.3865/54 higher platform.

Res: 1.4068, 1.4080, 1.4110, 1.4155
Sup: 1.4020, 1.4000, 1.3980, 1.3954

GBP/USD

Last Friday’s loss of 1.6059, 18 Mar higher low, has extended reversal from 1.6400 peak, to test 1.5989 so far, just above key near-term support at 1.5959, 17 Mar low and short-term range floor. Break here will confirm top at 1.6400 and open way for further retracement of broader 1.5343/1.6400 upleg, with 1.5870/21, 50% retracement / 31 Jan low, seen next. Immediate resistance lies at 1.6056, while regain 1.6140 needed to signal recovery.

Res: 1.6021, 1.6033, 1.6056, 1.6088
Sup: 1.5989, 1.5959, 1.5870, 1.5821

USD/JPY

Bounces higher from past week narrow consolidation range to break above 81.31 range ceiling, posting fresh one week high at 81.83, just ahead of key near-term barrier at 82.00, 18 Mar recovery high, clearance of which is needed to resume current recovery attempt, to focus 82.45, then 83.29, 14/11 Mar highs. Range bottom at 80.70 underpins the advance for now.

Res: 81.83, 81.98, 82.45, 82.60
Sup: 80.18, 81.00, 80.86, 80.69

USD/CHF

Maintains positive tone after clearance of 0.9122/39, previous high/15 Mar low and 0.9200 barrier, to test 0.9232 so far. Near-term studies remain supportive for fresh gains towards 0.9310 and key short-term resistance at 0.9367, break of which is required to signal recovery under way. However, rally may be interrupted by corrective pullback, as hourly studies entered overbought zone. 0.9120 offers initial support.

Res: 0.9232, 0.9250, 0.9310, 0.9367
Sup: 0.9193, 0.9120, 0.9075, 0.9050

 

[WindsorBrokers]

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

EUR/USD

Undergoes near-term consolidation after hitting fresh low at 1.4020 overnight. Upside for now, remains capped by 1.4085, today’s high and 1.4115, 20 day MA on 4-hour chart. Further easing through 1.4010, 61.8% retracement of 1.3867/1.4247 upleg, then 1.3980, 18/17 Mar lows.

Res: 1.4080, 1.4115, 1.4155, 1.4175
Sup: 1.4020, 1.4010, 1.4000, 1.3980

GBP/USD

Extends reversal from 1.6400 after today’s short consolidation above 1.60, to breach key short-term support at 1.5959, with 1.5935 seen so far. Oversold 4-hour conditions suggest correction, with 1.6059/1.6170 barriers expected to hold. Fresh weakness would likely look for test of 1.5820, 31 Jan low and 1.5750, 25 Jan low / 200 day MA on daily chart.

Res: 1.6021, 1.6033, 1.6056, 1.6088
Sup: 1.5971, 1.5935, 1.5870, 1.5820

USD/JPY

Bounces higher from past week narrow consolidation range to break above 81.31 range ceiling, posting fresh one week high at 81.83, just ahead of key near-term barrier at 82.00, 18 Mar recovery high, clearance of which is needed to resume current recovery attempt, to focus 82.45, then 83.29, 14/11 Mar highs. Range bottom at 80.70 underpins the advance for now.

Res: 81.83, 81.98, 82.45, 82.60
Sup: 80.18, 81.00, 80.86, 80.69

USD/CHF

Maintains positive tone after clearance of 0.9122/39, previous high/15 Mar low and 0.9200 barrier, to test 0.9232 so far. Near-term studies remain supportive for fresh gains towards 0.9310 and key short-term resistance at 0.9367, break of which is required to signal recovery under way. However, rally may be interrupted by corrective pullback on overbought conditions. 0.9120 offers initial support.

Res: 0.9232, 0.9250, 0.9310, 0.9367
Sup: 0.9175, 0.9120, 0.9075, 0.9050

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD

Has found near term support at 1.4020, with fresh strength exceeding yesterday’s high at 1.4115. This may signal further recovery towards 1.4155/60 zone, 25 Mar high / 61.8% retracement of 1.4247/1.4020 decline, where a lower top is anticipated. Downside loss of 1.4020 to open 1.3980 next, while upside regain of 1.4200/13 to confirm bulls for 1.4280, previous high / major bear trendline test.

Res: 1.4160, 1.4175, 1.4200, 1.4213
Sup: 1.4115, 1.4087, 1.4060, 1.4020

GBP/USD

Corrects the latest downleg from 1.6400 that reached 1.5935, fresh two-month low, and extending above 1.60 barrier. 1.6040 zone has so far limited gains. Break here will face immediate resistance at 1.6060, previous low and 20 day MA on 4-hour chart, clearance of which to signal further recovery and expose key near-term resistance at 1.6140/60, 25 Mar lower high / 55 day MA, where bears should re-assert, for fresh leg lower. Short- term outlook remains bearish, and loss of 1.5935 to focus 1.5820/1.5750 levels.


Res: 1.6040, 1.6060, 1.6088, 1.6111
Sup: 1.5978, 1.5935, 1.5870, 1.5820

USD/JPY

Continues to trade within narrow range after break above 81.31 range ceiling, reached fresh one week high at 81.83. This has so far capped gains, with break above 81.83/82.00 required to continue recovery and open 82.45/83.29, 83.29, 14/11 Mar highs. Initial support lies at 81.50, with potential break lower to expose earlier range floor at 80.70 and key near-term support at 80.57.

Res: 81.83, 81.98, 82.45, 82.60
Sup: 80.50, 80.18, 81.00, 80.70

USD/CHF

The latest pullback from 0.9232, yesterday’s recovery high, is seen corrective while above 0.9120, with fresh gains above 0.9232 to expose 0.9310 and key short-term resistance at 0.9367. At the downside, loss of 0.9122 would weaken the near-term tone
And open 0.9075/27 instead.

Res: 0.9204, 0.9232, 0.9250, 0.9310
Sup: 0.9138, 0.9120, 0.9075, 0.9050