Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

Recovery attempt from 1.4020 has run out of steam at 1.4147, just under 1.4155/60 resistance zone, ahead of fresh weakness. Loss of initial support at 1.4060, now looks for retest of 1.4020, yesterday’s low, break of which will signal fresh leg lower of reversal from 1.4247 and open 1.4000/1.3980 next.

Res: 1.4147, 1.4155, 1.4175, 1.4213
Sup: 1.4025, 1.4020, 1.4000, 1.3980

GBP/USD

Returns to weakness after near-term recovery from 1.5935, fresh 2-month low, failed to clear 1.6040 barrier. Market has nearly fully retraced the recent 1.5935/1.6040 ascend, with loss of 1.5935 to extended bear-leg from 1.6400 and target 1.5820/1.5750, 31/25 Jan lows. Upside remains capped at 1.6040 for now.

Res: 1.5974, 1.6040, 1.6060, 1.6088
Sup: 1.5935, 1.5870, 1.5820, 1.5750

USD/JPY

Fresh gains from near-term higher platform at 81.50 eventually broke above 82.00, recovery high, approaching 82.45, 14 mar low, en-route to 83.29, 11 mar high and possible attempt at 84.00/49, key med-term barriers. Near-term studies are positive, but overbought on 1 and 4-hour charts, suggesting corrective pullback ahead of fresh push higher. 82.00 offers initial support, while 81.50 underpins.

Res: 82.45, 82.60, 83.00, 83.29
Sup: 82.00, 81.50, 81.28, 80.86

USD/CHF

Reversal from 0.9232, yesterday’s recovery high, found support at 0.9138, just above key near-term support at 0.9120, followed by fresh rally. Market is approaching 0.9232, break of which will open way for fresh phase higher and expose 0.93.00 and key short-term barrier at 0.9367. At the downside, 0.9138/20 support the advance.


Res: 0.9232, 0.9250, 0.9310, 0.9367
Sup: 0.9138, 0.9120, 0.9075, 0.9050

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (13:00 GMT)

EUR/USD

Brief break below near-term triangle support at 1.4060 keeps focus at the downside, as series of lower highs at 1.4147/26 suggest attack at 1.4020, key near-term support. Loss of the latter will signal a continuation of reversal from 1.4247, 22 Mar peak and open 1.4000, 50% retracement of 1.3750/1.4247 upleg and 1.3980, 17/18 Mar lows. At the upside, only regain of 1.4147 will avert immediate downside risk.

Res: 1.4115, 1.4126, 1.4147, 1.4155
Sup: 1.4057, 1.4046, 1.4020, 1.4000

GBP/USD

Break above 1.5942/1.6040, near-term consolidation band, was short-lived, as reversal back to 1.60 zone followed rally to 1.6081, day’s high. Weakening near-term studies would favor further easing, in case of 1.60/1.5980 support zone is lost, to target 1.5935. However, higher low above 1.5980 would keep 1.6081 in focus, with break here to suggest stronger recovery towards 1.6112/40.

Res: 1.6040, 1.6081, 1.6090, 1.6112
Sup: 1.6009, 1.5978, 1.5942, 1.5935

USD/JPY

Fresh gains from near-term higher platform at 81.50 eventually broke above 82.00, recovery high, and 82.45, 14 Mar high, to probe above 83.00 so far. Sustained gains above 83.00 will look for test of 83.29, 11 Mar high, possibly 83.96/84.49, key short-term barriers. However, overbought four hour conditions, suggest corrective pullback. Immediate support lies at 82.35, while potential loss of 81.55 higher platform would delay bulls.

Res: 83.17, 83.29, 83.52, 83.96
Sup: 82.80, 82.52, 82.35, 82.00

USD/CHF

Reversal from 0.9232 recovery high, found support at 0.9138, just above key near-term support at 0.9120, followed by fresh rally. Brief break above 0.9232 barrier suggests fresh gains towards 0.9300 will open way for fresh phase higher and expose key short-term barrier at 0.9367. At the downside, immediate support lies at 0.92 zone while 0.9138/20 underpins.


Res: 0.9250, 0.9310, 0.9361, 0.9367
Sup: 0.9202, 0.9193, 0.9138, 0.9120

 

[WindsorBrokers]

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

EUR/USD

Higher platform at 1.4045/50 has contained reversal from 1.4147, with fresh strength exceeding 1.4147 to dent triangle upper border at 1.4160. This favors further gains, as hourly studies are positive, but overbought conditions see risk of pullback. Initial support lies at 1.4115, while 1.4050 underpins current advance, with higher low on corrective reversal seen at 1.41 zone, to maintain near-term positive tone. However, regain of levels above 1.42 is required to confirm, as upside rejection under 1.4190/1.4218 would risk a lower top ahead of fresh leg lower, with potential loss of 1.4020, key near-term support, to signal an extension of correction from 1.4247.

Res: 1.4165, 1.4192, 1.4218, 1.4247
Sup: 1.4126, 1.4115, 1.4050, 1.4040

GBP/USD

Extends bounce from 1.5935/42, near-term double bottom, after yesterday’s upside rejection at 1.6081 and subsequent reversal was contained at 1.6010. Fresh rally through 1.6081 has so far reached 1.6118, 38.2% retracement of 1.6400/1.5935 decline, with regain of 1.6140, key near-term barrier, needed to resume recovery and expose 1.6167, 50% and 1.6215/21, 24 Mar high / 61.8% retracement, break of which opens way for possible retest of 1.6400 peak. Hourly studies are approaching overbought zone, increasing risk of corrective pullback preceding fresh rally. Dips need to hold above 1.6010 to maintain immediate bulls.

Res: 1.6127, 1.6140, 1.6167, 1.6215
Sup: 1.6082, 1.6060, 1.6010, 1.5978

USD/JPY

Corrects the recent rally through 83.00 barrier that peaked at 83.20, with 82.55 seen so far, ahead of initial support at 82.35, yesterday’s low. To maintain near-term bullish outlook, higher low above 81.50 is required, With break above 83.29 needed to confirm and open 83.67, possibly 84.00/49, key short-term resistance zone.

Res: 83.20, 83.29, 83.52, 83.96
Sup: 82.55, 82.35, 82.00, 81.50

USD/CHF

Trades in near-term consolidative mode, following reversal from 0.9273, yesterday’s spike high. While 0.9138, current range floor holds, near-term bulls stay intact for fresh gains through 0.9273 to focus 0.9367, key near-term barrier. Downside loss of 0.9138/31, 29 Mar low, 38.2% retracement of 0.8900/0.9273 ascend, however, will delay and open way for deeper reversal towards 0.9085/41.

Res: 0.9200, 0.9232, 0.9273, 0.9310
Sup: 0.9154, 0.9138, 0.9131, 0.9120

 

[WindsorBrokers]

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

EUR/USD

Has extended gains from 1.4050 higher platform, clearing previous highs at 1.4147 and 1.4218, to hit 1.4232, ahead of pullback on overbought hourly conditions. Loss of 1.42 handle has so far retraced 38.2% of 1.4050/1.4232 upleg at 1.4165, just ahead of 1.4156/47, previous high / 20 day MA, where a higher low is anticipated in order to maintain near-term bulls and fresh attack at 1.4232 and key barrier at 1.4247, break of which is required to open 1.4280, Nov 2010 high / major trendline resistance. At the downside, strong support lies at 1.4115, yesterday’s higher low / near 61.8% retracement, and potential loss here to sideline near-term bulls in favor of further weakness towards 1.4050 and key support at 1.4020.

Res: 1.4180, 1.4200, 1.4232, 1.4247
Sup: 1.4156, 1.4147, 1.4126, 1.4115

GBP/USD

Upside failure to sustain gains above strong resistance at 1.6140 has triggered sharp reversal under 1.61 to reach 1.6015, just above 1.6010, yesterday’s higher low. Negative near-term studies favor further weakness towards 1.5980 and possible retest of 1.5935/42, key near-term support, while corrective bounce on oversold hourly studies is seen capped by 1.6090, intraday high / 20 day MA.

Res: 1.6090, 1.6127, 1.6149, 1.6167
Sup: 1.6015, 1.6010, 1.5978, 1.5942

USD/JPY

Corrects the recent rally through 83.00 barrier that peaked at 83.20, with 82.55 seen so far, ahead of initial support at 82.35, yesterday’s low. To maintain near-term bullish outlook, higher low above 81.50 is required, with break above 83.29 needed to confirm and open 83.67, possibly 84.00/49, key short-term resistance zone.

Res: 83.20, 83.29, 83.52, 83.96
Sup: 82.55, 82.35, 82.00, 81.50

USD/CHF

Correction from yesterday’s spike high at 0.9273 re-tested 0.9138, 29 Mar higher low, also near 38.2% Fibonacci retracement of 0.8900/1.9273 ascend, increasing risk of deeper reversal. 20 day MA, currently at 0.9170, supports fresh decline, though, oversold hourly conditions see scope for bounce, with initial resistance at 0.9200. Further downside, 0.9089/73, 50% retracement, 24/25 Mar lows are seen next, ahead of 0.9042, 61.8%. To avert immediate bear pressure, regain of 0.92 is required.

Res: 0.9200, 0.9232, 0.9273, 0.9310
Sup: 0.9125, 0.9089, 0.9073, 0.9042

 

[WindsorBrokers]

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

EUR/USD

Maintains near-term positive tone after reversal from 1.4247 high found support at 1.4020. Yesterday’s breach of 1.4218, previous high, has so far reached 1.4232, just ahead of 1.4247, 22 Mar lower top, clearance of which is required for fresh attempt at 1.4280, Nov 2010 peak and major trendline resistance. Current correction is consolidating above 1.4150, with further easing not ruled out, and higher low above 1.41 seen to maintain bulls. Loss of 1.41, however, will delay and re-expose 1.4050/20 for test.

Res: 1.4176, 1.4200, 1.4232, 1.4247
Sup: 1.4152, 1.4115, 1.4090, 1.4050

GBP/USD

Upside failure to sustain gains above strong resistance at 1.6140 has triggered sharp reversal under 1.61 to reach 1.6015, just above 1.6010 higher low. Recovery attempt is seen capped by 1.61 zone, with break here and key near-term barrier at 1.6150 to signal recovery under-way. Otherwise, fresh weakness through 1.6015/10 will re-focus 1.5942/35.

Res: 1.6083, 1.6095, 1.6127, 1.6149
Sup: 1.6015, 1.6010, 1.5978, 1.5942

USD/JPY

Reversal from 83.20, yesterday’s high, was contained at 82.55, where fresh strength has emerged. Clearance of 83.20/29 barriers and important 200 day MA at 83.62, has so far reached 83.73, just ahead of 83.96, 16 Feb high, break of which is needed to open 84.49, key short-term resistance. Positive near-term studies see scope for further gains, with 82.75/55 expected to contain corrective dips on overbought conditions, to keep immediate bulls in play

Res: 83.20, 83.29, 83.52, 83.96
Sup: 82.55, 82.35, 82.00, 81.50

USD/CHF

Correction from 0.9273 spike high exceeded 0.9138/30, 29 Mar higher low/38.2% Fibonacci retracement of 0.8900/1.9273 ascend, to find temporary support at 0.9125. Break above 0.92 barrier keeps positive near-term tone for further gains, with regain of 0.9273 required to resume short-term recovery from 0.8900, towards key short-term barrier at 0.9367. On the downside, loss of 0.9125/00 weakens the tone.


Res: 0.9215, 0.9232, 0.9273, 0.9310
Sup: 0.9185, 0.9125, 0.9089, 0.9073

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:30 GMT)

EUR/USD

Regains strength after Friday’s dip tested 1.4050 support and subsequent rally exceeded previous high at 1.4247 to post fresh yearly high at 1.4267. Consolidation above 1.4200, 20 day MA, is under way, with hourly studies supportive for fresh push higher, and above 1.4267 to target key barriers at 1.4277/80, long-term bear trendline and Nov 2010 high, break of which will open fresh bull phase. Main near-term support lies at 1.4060/40 zone, while potential corrective dips should be contained by 1.4180 zone, to maintain immediate bullish tone.

Res: 1.4240, 1.4247, 1.4277, 1.4280
Sup: 1.4200, 1.4190, 1.4175, 1.4140

GBP/USD

Maintains near-term positive tone from 1.5942/35 double bottom, after pullback 1.6149 high found support at 1.5971. Strong rally through 1.6149 has so far reached 1.6175, looking for upside extension towards 1.6220, 61.8% retracement of 1.6400/1.5935, break of which will open 1.6270 next. Higher low at 1.6100, also 20 day MA on hourly chart, offers immediate support.

Res: 1.6175, 1.6200, 1.6220, 1.6270
Sup: 1.6100, 1.6070, 1.6045, 1.6015

USD/JPY

Friday’s break above 200 day MA at 83.60, has given an additional boost to the pair, clearing 84.00 barrier and key short-term resistance at 84.49, Dec 2010 high, to hit 84.72 high thus far. This now signals fresh recovery phase off 89.00 record low and looks for test of 85.00/90 next. Initial support at 84.00 is now tested, with 83.40/20 xone expected to hold dips, to maintain near-term bulls in play.

Res: 84.37, 84.49, 84.75, 85.00
Sup: 83.75, 83.40, 83.20, 83.00

USD/CHF

Corrects the latest strong rally that hit fresh 3-week high at 0.9338, posted last Friday, taking out initial support at 0.9250/30 zone. Dips should be contained by 0.9170 zone, to keep immediate bulls in play for fresh strength, and above 0.9338 to focus key short-term barrier at 0.9367. Only loss of 0.9125, 31 Mar higher low, will delay.


Res: 0.9260, 0.9273, 0.9293, 0.9338
Sup: 0.9209, 0.9185, 0.9170, 0.9140

 

[WindsorBrokers]

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

EUR/USD

Maintains positive tone off last Friday’s 1.4060 spike low, to post fresh 2011 high at 1.4267, ahead of shallow correction. Near-term support was found at 1.4191, with fresh strength looking for retest of 1.4267 and key resistance at 1.4280, Nov 2010 high and major bear trendline, connecting 1.6039 and 1.5144, 2008/2009 peaks. Today’s higher low at 1.4191 offers initial support.

Res: 1.4247, 1.4280, 1.4300, 1.4356
Sup: 1.4225, 1.4191, 1.4175, 1.4140

GBP/USD

Minor correction off today’s fresh high at 1.6175, found support at 20 day MA at 6119, ahead of return back to 1.6175. Break here will signal an extension of recovery attempt from 1.5935/42 double bottom and last Friday’s higher low at 1.5971, and expose 1.6215, 24 Mar intraday high, then 1.6235, 61.8% retracement of 1.6400/1.5935 decline, where a lower top is anticipated before fresh leg lower of the broader downtrend from 1.6400. On the downside, 1.6119/00 zone offers initial support.

Res: 1.6175, 1.6200, 1.6220, 1.6270
Sup: 1.6131, 1.6119, 1.6100, 1.6070

USD/JPY

Friday’s break above 200 day MA at 83.60, has given an additional boost to the pair, clearing 84.00 barrier and key short-term resistance at 84.49, Dec 2010 high, to hit 84.72 high thus far. This now signals fresh recovery phase off 89.00 record low and looks for test of 85.00/90 next. Initial support at 84.00 has been taken, with further correction seen towards 83.40/20 zone, that is expected to hold dips, to keep near-term bulls in play.

Res: 84.37, 84.49, 84.75, 85.00
Sup: 83.75, 83.40, 83.20, 83.00

USD/CHF

Reversal from fresh 3-wwek high at 0.9338, posted last Friday, is now testing 55 day MA, also 61.8% retracement of the latest 0.9125/0.9338 rally, with higher low in this area sought to maintain positive short-term tone off 0.8900, fresh record low, and above 0.9338, to focus key short-term barrier at 0.9367, 09 Mar two-week consolidation ceiling, also between 50% and 61.8% of the broader 0.9773/0.8900 decline. Key near-term support lies at 0.9125, 31 Mar low.

Res: 0.9249, 0.9260, 0.9273, 0.9293
Sup: 0.9200, 0.9185, 0.9170, 0.9140

 

[WindsorBrokers]

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

EUR/USD

Retraces the latest rally from 1.4060 that peaked at 1.4267, fresh yearly low, yesterday. Near 50% has been retraced so far at 1.4168, with higher low seen in this area, as hourly studies approach oversold zone, to maintain near-term bulls. Upside clearance of 1.4267 is needed to expose key resistance at 1.4280, Nov 2010 peak/major bear trendline resistance. On the downside, loss of 1.4150/40 will sideline bulls and signal return to 1.4060/40, key near-term support zone.

Res: 1.4206, 1.4231, 1.4249, 1.4267
Sup: 1.4163, 1.4140, 1.4131, 1.4115

GBP/USD

Eases back after yesterday’s double failure at 1.6175. Downside remains supported by 1.61 zone for now, keeping the upside in focus, with break above 1.6175 to resume near-term recovery attempt and open 1.6220/65, 61.8% of 1.6400/1.5935 / 24 Mar high, next. Loss of 1.61 zone, however, would signal lower top and open way for retest of key near-term support zone at 1.5970/40.

Res: 1.6175, 1.6200, 1.6220, 1.6270
Sup: 1.6100, 1.6090, 1.6015, 1.5970

USD/JPY

Friday’s break above 200 day MA at 83.60, has given an additional boost to the pair, clearing 84.00 barrier and key short-term resistance at 84.49, Dec 2010 high, to hit 84.72 high thus far. This now signals fresh phase of recovery from 89.00 record low and looks for test of 85.00/90 next. Brief break below initial support at 84.00 has been contained at 83.85, and while above 83.85/70 zone, focus remains at the upside..

Res: 84.40, 84.49, 84.75, 85.00
Sup: 84.15, 84.00, 83.85, 83.70

USD/CHF

Reversal from fresh 3-week high at 0.9338, posted last Friday, has so far found support at 0.9190, trading in 0.9190/0.9250 range. Break above 0.9250 is required to continue near-term uptrend and open 0.9338 for retest, break of which will expose key short-term barrier at 0.9367. On the downside, loss of 0.9190 will allow for further easing, and only loss of 0.9125, 31 Mar higher low / near 50% of 0.8900/0.9338 ascend would delay.

Res: 0.9252, 0.9260, 0.9293, 0.9338
Sup: 0.9190, 0.9170, 0.9140, 0.9125

 

[WindsorBrokers]

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

EUR/USD

Remains on the back foot after breaking below 1.4190, yesterday’s floor. Over 50% of 1.4060/1.4267 upleg has so far been retraced, with near-term focus at 1.4140, 61.8% retracement, loss of which will sideline bulls for possible return to key near-term supports at 1.4060/40. On the upside, immediate resistance lies at 1.4200, 20 day MA.

Res: 1.4206, 1.4231, 1.4249, 1.4267
Sup: 1.4163, 1.4140, 1.4131, 1.4115

GBP/USD

Regains strength after pullback from 1.6175 found footstep at 1.6190. Fresh rally above 1.6175/1.6200 barriers cleared 61.8% retracement at 1.6221, to reach 1.6263, just ahead of 1.6266/70, 24 Mar high / 23 Mar intraday high and 1.6290, 76.4% retracement. Overbought hourly studies suggest correction before fresh push higher, with initial support at 1.6175. Loss of today’s low at 1.6090, however, would increase risk of lower top, and break below 1.6060, 61.8% of 1.5935/1.6263, to signal possible return to 1.5970/34, key support zone.

Res: 1.6263, 1.6270, 1.6290, 1.6305
Sup: 1.6214, 1.6175, 1.6138, 1.6100

USD/JPY

Maintains short-term bulls after break above 200 day MA, with correction from 84.72, fresh high posted on 01 Apr, found support at 83.85. Rally above 84.00 is now looking for retest of 84.72, above which will open 85.38, 24 Sep 2010 high, possibly 85.92, 16 Sep 2010 high. On the downside, 84.15/83.85 offer initial supports.

Res: 84.75, 85.00, 85.38, 85.92
Sup: 84.47, 84.15, 84.00, 83.85

USD/CHF

Reversal from fresh 3-week high at 0.9338, posted last Friday, has so far found support at 0.9190, ahead of fresh strength attempting to break above 0.9190/0.9250 range. Sustained break here is required to continue near-term uptrend and open 0.9338 for retest, break of which will expose key short-term barrier at 0.9367. On the downside, loss of 0.9190 will allow for further easing, and only loss of 0.9125, 31 Mar higher low / near 50% of 0.8900/0.9338 ascend would delay.

Res: 0.9271, 0.9293, 0.9338, 0.9367
Sup: 0.9217, 0.9200, 0.9190, 0.9170

 

[WindsorBrokers]

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

EUR/USD

Extends gains from 1.4150, yesterday’s higher low, to find interim support at 1.4207. Fresh strength is now testing key resistance at 1.4280, Nov 2010 peak / major bear trendline drawn off 1.6039, 2008 all-time high. Near-term studies remain supportive, and break higher to open fresh phase higher and expose 1.4320 and 1.4356 next. However, overbought hourly studies see risk of correction, with 1.4250 offering immediate support, while loss of 1.42 zone would delay.

Res: 1.5280, 1.4300, 1.4320, 1.4356
Sup: 1.4250, 1.4230, 1.4207, 1.4200

GBP/USD

I surging higher after yesterday’s pullback from 1.6175 found support at 1.6100 zone, clearing series of resistances, en-route to 1.6400, 22 Mar high. Break here is needed to resume broader uptrend from 1.5343, Dec 2010 low and open 1.6456/1.6500. Higher platform at 1.6220 underpins the advance.

Res: 1.6372, 1.6382, 1.6400, 1.6456
Sup: 1.6310, 1.6276, 1.6220, 1.6214

USD/JPY

Remains in strong uptrend after clearance of 84.72, previous high, to extend gains to 85.50 so far, just ahead of 85.63/92, 50% retracement of 94.97/76.32 decline / 17 Sep 2010 high, break of which will open 86.36 next. On the downside, 85.00 zone offers initial support.

Res: 85.50, 85.63, 85.92, 86.36
Sup: 85.18, 84.94, 84.72, 84.43

USD/CHF

Reversal from fresh 3-week high at 0.9338, posted last Friday, has so far found support at 0.9190, ahead of fresh strength attempting to break above recent consolidative range. Clearance of yesterday’s high at 0.9294 opens 0.9338 for retest, break of which will expose key short-term barrier at 0.9367. On the downside, loss of 0.9190 will allow for further easing, and only loss of 0.9125, 31 Mar higher low / near 50% of 0.8900/0.9338 ascend would delay.

Res: 0.9294, 0.9338, 0.9367, 93.90
Sup: 0.9217, 0.9200, 0.9190, 0.9170

 

[WindsorBrokers]

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

EUR/USD

Eventual break above key barrier at 1.4280 has so far reached 1.4315. Hourly studies remain supportive for fresh gains towards 1.4356 and 1.4400 levels, with 1.4260/50, 20 day MA / 38.2% retracement offering initial support, and expected to contain corrective dips.

Res: 1.4315, 1.4356, 1.4400, 1.4456
Sup: 1.4260, 1.4250, 1.4230, 1.4207

GBP/USD

Surged to fresh two week high at 1.6362, ahead of pullback on overbought hourly conditions. Market has so far retraced over 38.2% of 1.6090/1.6362 ascend at 1.6256, with further easing seen towards 1.6225/15, where a higher low is sought for fresh attempt higher. Above 1.6362 to challenge 1.6400, 22 Mar high.

Res: 1.6316, 1.6362, 1.6382, 1.6400
Sup: 1.6220, 1.6215, 1.6194, 1.6175

USD/JPY

Remains in strong uptrend after clearance of 84.72, previous high, with corrective pullback from 85.50, today’s fresh high, finding support at 84.83. Fresh strength is under way, looking for retest of 85.50, break of which will open 85.92/86.36. On the downside, 83.85 underpins the advance.

Res: 85.38, 85.50, 85.63, 85.92
Sup: 85.06, 84.83, 84.43, 83.85

USD/CHF

Reversal from fresh 3-week high at 0.9338, posted last Friday, has lost the initial support at 0.9200/0.9190, to dip just above key near-term support at 0.9125, where fresh strength emerged. Regain of 0.92 handle, increasing hopes of further recovery, with break above 20 day MA at 0.9230 needed to confirm and open 0.9300/38 zone for retest. Loss of 0.9125 support, however, will weaken near-term outlook.

Res: 0.9200, 0.9294, 0.9242, 0.9264
Sup: 0.9175, 0.9153, 0.9129, 0.9125

 

[WindsorBrokers]

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

EUR/USD

Yesterday’s surge from 1.4272 higher low reached fresh yearly high at 1.4350, ahead of correction. Minor consolidation is seen at 1.43 zone, with further easing towards 1.4272, also 38.2% retracement of 1.4150/1.4350 upleg, possibly to 1.4250, where a higher low is anticipated for fresh push higher. Break through 1.4350 to expose 1.44/1.4450 next. Loss of 1.4250 support zone, however, would signal deeper correction.

Res: 1.4315, 1.4335, 1.4350, 1.4400
Sup: 1.4272, 1.4250, 1.4226, 1.4207

GBP/USD
Pullback from 1.6362, yesterday’s fresh high, found a footstep at 1.6260 zone, but renewed strength failed to reclaim previous high, stalling at 1.6339, ahead of return to 1.6260. This increases risk of further easing, with loss of 1.6260 to expose 1.6211, 38.2% retracement of 1.5971/1.6362 ascend / 05 Apr intraday low, possibly 1.6175, previous high / near 50% retracement. Upside clearance of 1.6339 brings 1.6362/1.6400 barriers back to focus.

Res: 1.6321, 1.6339, 1.6362, 1.6400
Sup: 1.6260, 1.6220, 1.6211, 1.6175

USD/JPY

Remains in strong uptrend after reaching fresh high at 85.51, with correction / consolidation, being supported by 84.83 for now. Clearance of 85.50 will open 85.92/86.36. On the downside, key near-term support lies at 83.85, and only loss here to weaken current structure.

Res: 85.50, 85.63, 85.92, 86.00
Sup: 85.09, 84.83, 84.43, 83.85

USD/CHF

Remains on the back foot after easing from 0.9338, fresh recovery high, lost 0.92 support, to extend losses to test key near-term support at 0.9125. While above here, scope exists for fresh attempt higher, with regain of 0.9200/30 needed to signal further recovery. Otherwise, loss of 0.9125 will open way for further losses towards 0.9065, 61.8% of 0.8900/0.9338, loss of which will signal an end of recovery from 0.8900

Res: 0.9200, 0.9242, 0.9264, 0.9294
Sup: 0.9129, 0.9125, 0.9065, 0.9027

 

[WindsorBrokers]

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

EUR/USD

Extends reversal from yesterday’s fresh high at 1.4350 after spike through 1.4300 failed at 1.4325. Fresh weakness is under way, attempting through 1.4250, 50% retracement of 1.4150/1.4350 and 20 day MA. Sustained break lower and loss of 61.8% Fibonacci level at 1.4226, will sideline short-term bulls and signal return to 1.4150, 05 Apr higher low. On the upside, regain of 1.4300/25 is needed to re-focus 1.4350, possibly 1.4400 on a break.

Res: 1.4300, 1.4325, 1.4335, 1.4350
Sup: 1.4242, 1.4226, 1.4207, 1.4150

GBP/USD

Trades in a consolidative 1.6256/1.6337 range, following pullback from yesterday’s fresh high at 1.6362. Dynamic support, 20 day MA, currently at 1.6254, along with range floor, keeps scope for fresh gains through 1.63 barrier in play, with clearance of 1.6362 to open way for retest of 1.6400. On the downside, loss of 1.6254 support will signal further easing and open 1.6211, 38.2% Fibonacci level.

Res: 1.6315, 1.6343, 1.6362, 1.6400
Sup: 1.6254, 1.6220, 1.6211, 1.6175

USD/JPY

Maintains positive short-term tone after corrective/consolidative pullback from fresh high at 85.51, remains contained by 84.83. Clearance of 85.50 will open 85.92/86.36. Key near-term support at 83.85 underpins the advance, and only loss here to weaken current structure.

Res: 85.40, 85.50, 85.63, 85.92
Sup: 85.07, 84.90, 84.83, 84.43

USD/CHF

Remains on the back foot after easing from 0.9338, fresh recovery high, lost 0.92 support, to extend losses to test key near-term support at 0.9125. While above here, scope exists for fresh attempt higher, with regain of 0.9200/30 needed to signal further recovery. Otherwise, loss of 0.9125 will open way for further losses towards 0.9065, 61.8% of 0.8900/0.9338, loss of which will signal an end of recovery from 0.8900

Res: 0.9200, 0.9242, 0.9264, 0.9294
Sup: 0.9129, 0.9125, 0.9065, 0.9027

 

[WindsorBrokers]

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

EUR/USD

Maintains strong bull trend off 1.4020 higher platform, after pullback from 1.4350 previous high, as mentioned in yesterday’s update, found good support at 1.4250/40 zone. Fresh strength through 1.4350 is currently probing 1.44 level. Hourly studies are supportive but deeply in overbought zone. Possible correction would find initial support at 1.4350, with 1.4320, yesterday’s intraday highs / 20 day MA, expected to contain, to keep bulls in play. Above 1.44 to focus 1.4450/1.45 near-term.

Res: 1.4400, 1.4450, 1.4500, 1.4579
Sup: 1.4350, 1.4342, 1.4320, 1.4304

GBP/USD

Breaks above the recent 1.6362/1.6260 consolidative band, to test 1.6400, 22 Mar previous peak. Near-term bulls are firmly in play, with clearance of 1.6400 to target 1.6456, Jan 2010 peak. However, hourly conditions are entering overbought zone, and corrective pullback may precede fresh rally. Immediate support lies at 1.6362, ahead of 20 day MA dynamic support at 1.6329, and day’s low at 1.6314. Where bulls should re-assert. Key near-term support lies at 1.6260 zone, and only break here would delay in favor of stronger pullback.

Res: 1.6406, 1.6456, 1.6500, 1.6520
Sup: 1.6362, 1.6314, 1.6300, 1.6260

USD/JPY

Trades in narrow consolidative range below fresh high at 85.50. Downside remains protected by 84.60, with break above 85.50, required to clear 85.64, 50% Fibonacci retracement of 94.97/76.32 downleg, to resume recovery towards 85.91, Sep 2010 high.

Res: 85.40, 85.50, 85.64, 85.91
Sup: 84.81, 84.60, 84.15, 83.84

USD/CHF

Remains on the back foot, after reversal from 0.9338, fresh recovery high, broke below 0.92 and fresh weakness lost 0.9125, key near-term support. Market has so far tested 0.9100 level, with further easing seen into 0.9027, possibly 0.8976, on a break. Upside for now remains capped at 0.92 area.

Res: 0.9160, 0.9200, 0.9242, 0.9264
Sup: 0.9100, 0.9065, 0.9027, 0.9000

 

[WindsorBrokers]

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

EUR/USD

Remains steady above 1.44 level, after overnight’s surge through 1.4350 previous high, briefly broke above 1.4400. Narrow consolidation to 1.4385 preceded fresh push higher, approaching now 1.4450, with test of 1.4500 barrier seen near-term. On the downside, 1.4400/1.4385 zone offers initial support, ahead of 1.4350/1.4300.

Res: 1.4400, 1.4450, 1.4500, 1.4579
Sup: 1.4400, 1.4383, 1.4350, 1.4325

GBP/USD

Attack at 1.6400 barrier and brief break higher has seen fresh high at 1.6426, ahead of reversal under 1.6400 and 1.6362, to reach 1.6345. Temporary support was found and fresh strength under way. Clear break above 1.6400/26 is needed to resume towards 1.6456, Jan 2010 high and 1.6520, Dec 2009 high. However, downside is still vulnerable to further weakness, with potential loss of 1.6345 to open 1.6260, recent consolidation floor, for test.

Res: 1.6400, 1.6426, 1.6456, 1.6500
Sup: 1.6362, 1.6345, 1.6314, 1.6300

USD/JPY

Trades in narrow consolidative range below fresh high at 85.50. Downside remains protected by 84.60, with break above 85.50, required to clear 85.64, 50% Fibonacci retracement of 94.97/76.32 downleg, to resume recovery towards 85.91, Sep 2010 high. On the downside, loss of 84.60 will open way for deeper reversal and focus 83.84, 04 Apr higher platform.

Res: 85.40, 85.50, 85.64, 85.91
Sup: 84.98, 84.81, 84.60, 84.15

USD/CHF

Extended reversal from 0.9338, 01 Apr peak, losing key near-term support at 0.9125, to post fresh low at 0.9100, retracing over 50% of 0.8900/0.9338 upleg. Near-term outlook maintains negative tone while below 0.9194, 20 day MA and 0.9200, yesterday’s consolidation ceiling, with corrective attempt expected to leave lower top under 0.92, for fresh leg lower. Loss of 0.91 handle will open way towards 0.9075/27, 25/24 Mar low.

Res: 0.9160, 0.9200, 0.9242, 0.9294
Sup: 0.9100, 0.9065, 0.9027, 0.9000

 

[WindsorBrokers]

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

EUR/USD

Friday’s break above 1.4350 previous high and 1.44 barrier has extended gains through 61.8% retracement of 1.6039/1.1875 longer-term decline at 1.4442, to post fresh yearly high at 1.4482. Bulls are firmly in play, with consolidation above 1.4445, 20 day MA on hourly chart, seen ahead of fresh attempt towards 1.45 and 1.4579, Jan 2010 high. On the downside, 1.4383 offers initial support, ahead of 1.4360/50, while reversal under 1.4330, 61.8% of 1.4240/1.4482, would delay immediate bulls.

Res: 1.4472, 1.4482, 1.4500, 1.4579
Sup: 1.4383, 1.4360, 1.4350, 1.4330

GBP/USD

Broke above 1.6400 barrier on Friday to post fresh high at 1.6426, ahead of reversal under 1.6400. Market is currently testing 1.6330/23 support, 20 day MA / Friday’s low, break of which will open way for further easing and look for extension towards key near-term support at 1.6260 higher platform. Higher low above 1.6460, however, keeps bulls in play for fresh attempt through 1.6400/26 for possible attack at 1.6456/1.6500.

Res: 1.6390, 1.6400, 1.6426, 1.6456
Sup: 1.6314, 1.6300, 1.6260, 1.6214

USD/JPY

Maintains near-term negative tone after posting fresh high at 85.50, with subsequent easing now testing 84.60 support. Holding above here will keep the upside in focus for fresh attempt through 85.50 towards 85.92/86.00 zone. Under 85.60 to open way for stronger correction and expose 84.15/83.85.

Res: 85.14, 85.40, 85.50, 85.92
Sup: 84.60, 84.15, 84.00, 83.85

USD/CHF

Extended reversal from 0.9338, 01 Apr peak, losing key near-term support at 0.9125, to extend losses under 0.91 level. Near-term outlook remains negative, with 0.9027/0.8976, 24/23 Mar lows, now in focus. On the upside, immediate resistance lies at 0.9125, while only regain of 0.92 zone improve the near-term tone.

Res: 0.9100, 0.9125, 0.9160, 0.9200
Sup: 0.9061, 0.9027, 0.9000, 0.8976

 

[WindsorBrokers]

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

EUR/USD

Extends correction from fresh yearly high at 1.4482, after losing the initial support 1.4440. Further easing is seen towards 38.2% retracement of 1.4240/1.4482, at 1.4390, and 20 day MA, currently at 1.4370, where a higher low is anticipated ahead of fresh strength. Clearance of 1.4482 to focus 1.4500 and 1.4579, Jan 2010 high. Loss of 1.4347/30, 06 Apr previous high / 61.8% retracement, would delay immediate bulls.

Res: 1.4472, 1.4482, 1.4500, 1.4579
Sup: 1.4416, 1.4390, 1.4370, 1.4330

GBP/USD

Pullback from 1.6426, last Friday’s fresh high, has found temporary support at 1.6312, just above 1.6297, 38.2% retracement of 1.6090/1.6426 ascend, followed by strong rally. Regain of 1.6390, consolidation range ceiling, signal further gains through 1.64, to retest 1.6426, break of which will open way for test of 1.6456/1.6500 levels. On the downside, 1.6330/12 zone underpins the advance.

Res: 1.6400, 1.6426, 1.6456, 1.6500
Sup: 1.6330, 1.6312, 1.6300, 1.6260

USD/JPY

Maintains near-term negative tone after posting fresh high at 85.50, with subsequent easing now testing 84.60 support. Holding above here will keep the upside in focus for fresh attempt through 85.50 towards 85.92/86.00 zone. Clear break below 84.60 to open way for stronger correction and expose 84.15/83.85.

Res: 85.14, 85.40, 85.50, 85.92
Sup: 84.53, 84.15, 84.00, 83.85

USD/CHF

Extended reversal from 0.9338, 01 Apr peak, losing key near-term support at 0.9125, to extend losses under 0.91 level. Near-term outlook remains negative, with 0.9027/0.8976, 24/23 Mar lows, now in focus. On the upside, immediate resistance lies at 0.9125, while only regain of 0.92 zone improve the near-term tone.

Res: 0.9100, 0.9125, 0.9160, 0.9200
Sup: 0.9061, 0.9027, 0.9000, 0.8976

 

[WindsorBrokers]

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

EUR/USD

Extends correction from fresh yearly high at 1.4482, breaking below 1.44 handle, with 1.4376, near 23.6% retracement of 1.4020/1.4482 ascend seen so far.. Higher low at 1.4350/00 zone is expected ahead of fresh push higher and break through 1.4482 to resume bulls towards 1.4500/79. On the downside, loss of 1.4250 to signal further weakness.

Res: 1.4440, 1.4472, 1.4482, 1.4500
Sup: 1.4350, 1.4305, 1.4250, 1.4240

GBP/USD

Dips below 1.6312, yesterday’s low to test key near-term supports at 1.6260/50, 06/07 Apr lows / 38.2% retracement of 1.5971/1.6426 upleg. Loss of the latter would signal further easing towards 1.6200/1.6180, while below 1.6145 to signal neat-term top at 1.6426 and expose 1.6090 next. To avert immediate bear pressure, regain of 1.6340/60 zone is needed.

Res: 1.6310, 1.6340, 1.6360, 1.6400
Sup: 1.6260, 1.6250, 1.6214, 1.6200

USD/JPY

Continues to trend lower off 85.50 high, with latest loss of 83.85 support, extending losses to 83.45 so far. Bounce from here is seen corrective while 84.80 caps and only break higher to re-expose 85.50. Otherwise, lower top would precede fresh leg lower and below 83.45 to focus 83.20/82.55 next.

Res: 84.50, 84.80, 85.14, 85.50
Sup: 83.45, 83.20, 83.00, 82.55

USD/CHF

Extends losses from 0.9338 high, after losing 0.9125/0.9100 handles, through 0.9050/27 supports, to approach 0.9000 level. Bearish near-term tone looks for break below 0.9000, to focus 0.8976, ahead of possible return to 0.8900, record low. Corrective attempts are for now seen limited by 0.9117/25, 20 day MA / previous low.


Res: 0.9100, 0.9125, 0.9160, 0.9200
Sup: 0.9017, 0.9000, 0.8976, 0.8950

 

[WindsorBrokers]

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

EUR/USD

Fresh rally from 1.4376, today’s higher low broke through psychological barrier at 1.4500 keeps bulls firmly in play, with 1.4516 seen so far. Market now looks for test of 1.4579, Jan 2010 yearly high, ahead of 1.4600. On the downside, 1.4376/50 zone underpins the advance.

Res: 1.4516, 1.4550, 1.4579, 1.4600
Sup: 1.4448, 1.4400, 1.4376, 1.4350

GBP/USD

Today’s loss of 1.6260 higher platform support extended losses to 1.6226, ahead of bounce. Break above 1.6310/20 resistance zone, increases hopes of fresh attack at 1.6400/26 barriers, with clearance of 1.6340/47, 20 day MA / today’s high, needed to confirm. Initial support lies at 1.6280, then 1.6250, while loss of 1.6226 would signal an extension of short-term downtrend from 1.6426.

Res: 1.6328, 1.6340, 1.6360, 1.6400
Sup: 1.6280, 1.6260, 1.6250, 1.6226

USD/JPY

Continues to trend lower off 85.50 high, with latest loss of 83.85 support, extending losses to 83.45 so far. Bounce from here is seen corrective while 84.80 caps and only break higher to re-expose 85.50. Otherwise, lower top would precede fresh leg lower and below 83.45 to focus 83.20/82.55 next.

Res: 84.42, 84.80, 85.14, 85.50
Sup: 83.88, 83.45, 83.20, 83.00

USD/CHF

Continues to spiral lower from 0.9338 high, losing 0.9000 handle today, and extending losses to 0.8943 so far. Immediate focus lies at 0.8900, all-time low, loss of which will open fresh phase lower. On the upside, immediate resistance lies at 0.9000, ahead of 0.9033 and 0.9060.

Res: 0.9000, 0.9033, 0.9060, 0.9100
Sup : 0.8943, 0.8900, 0.8850, 0.8800

 

[WindsorBrokers]

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

EUR/USD

Hovers around 1.45 level after yesterday’s brief break higher hit 1.4518, with subsequent correction/consolidation finding support at 1.4536/54 zone. Near-term tone remains supportive for fresh gains above 1.45, to target 1.4579/1.4600 initially. Caution of hourly/4-hour conditions entering overbought territory, and daily studies already overbought, warning of correction. Significant support lies at 1.4376, ahead of 1.4350/30.

Res: 1.4518, 1.4550, 1.4579, 1.4600
Sup: 1.4454, 1.4436, 1.4400, 1.4376

GBP/USD

Remains at the back foot after reversal from 1.6426 high found support at 1.6225, but recovery attempts remain capped by 1.63 zone. Break here is needed to signal fresh recovery under way and expose 1.64 zone for retest, while loss of 1.6225 would signal near-term top and open way for further easing towards 1.6175/1.6090.

Res: 1.6290, 1.6328, 1.6340, 1.6360
Sup: 1.6240, 1.6225, 1.6200, 1.6175

USD/JPY

Reversal from 85.50 high has so far been contained by 83.45, daily 200 day MA, with fresh strength under way. Initial resistance at 84.42 needs to be cleared, to confirm recovery and open 84.80/85.00, ahead of possible attempt at 85.50. Loss of 83.45, however, would risk fresh phase lower.

Res: 84.25, 84.42, 84.80, 85.14
Sup: 83.80, 83.45, 83.20, 83.00

USD/CHF

Undergoes near-term consolidation after reversal from 0.9338 hit fresh low at 0.8940. Upside remains capped by 0.8980, with bearish near-term studies favoring lower top ahead of fresh leg lower, to target key support at record low at 0.8900. To avert immediate bear pressure, regain of 0.9050/ 0.9100 zone is required.

Res: 0.8990, 0.9017, 0.9033, 0.9050
Sup : 0.8940, 0.8900, 0.8850, 0.8800