Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

Hovers around 1.45 level after brief break above 1.4500 failed to sustain gains, with subsequent correction/consolidation finding support at 1.4436/54 zone. Near-term tone remains supportive for fresh gains above 1.45, to target 1.4579/1.4600 initially. On the downside, 1.4480 offers initial support, ahead of 1.4454/36, while yesterday’s low at1.4376 underpins.

Res: 1.4518, 1.4550, 1.4579, 1.4600
Sup: 1.4480, 1.4454, 1.4436, 1.4400

GBP/USD

Enters sideway trading within narrow range, after reversal from 1.6426 high found support at 1.6225, with recovery attempts being capped at 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, 1.6300, 1.6328, 1.6340
Sup: 1.6245, 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. Clearance of 84.42 barrier is required to confirm recovery and open 84.80/85.00, ahead of possible attempt at 85.50. Loss of 83.45, however, would risk fresh extension of decline from 85.50.

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 zone, with bearish near-term studies favoring fresh weakness through 0.8940, to focus key support and 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 : 0.8960, 0.8940, 0.8900, 0.8850

 

[WindsorBrokers]

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

EUR/USD

Price action off 1.44 zone, where the latest reversal, after an upside failure at 1.4518, found support, turns the near-term tone positive. 1.45 barrier has been regained, with clearance of 1.4518 needed to resume bulls towards 1.4579/1.4600 targets. 20 day MA at 1.4460 offers initial support, ahead of 1.4406, key near-term support.

Res: 1.4518, 1.4550, 1.4579, 1.4600
Sup: 1.4474, 1.4460, 1.4441, 1.4406

GBP/USD

Returns to strength after easing from 1.6426 highs was contained at 1.6230 zone. Clearance of 1.63 barrier and previous high at 1.6328, turns focus back towards 1.6400/26, break of which is sought for fresh push higher, to target 1.6456/1.6500 next. However, risk of double top still exists, in case of upside rejection under 1.6426, with break below 1.6230 needed to confirm.

Res: 1.6363, 1.6400, 1.6426, 1.6456
Sup: 1.6307, 1.6285, 1.6253, 1.6242

USD/JPY

Maintains negative near-term tone after losing temporary support at 83.45, yesterday’s low and daily 200 day MA. Sustained break lower would signal fresh weakness towards 82.55/00 and sideline recovery hopes. On the upside, 84.25/42 zone caps for now and only break here to improve the near-term outlook.

Res: 83.92, 84.25, 84.42, 84.80
Sup: 83.26, 83.00, 82.55, 82.00

USD/CHF

Extends bears after short consolidation off 0.8948, previous low, was limited by 89.80, with fresh weakness losing initial support at 0.8948 and breaking briefly through key support and all-time low at 0.8900. Near-term tone remains bearish, looking for extension towards 0.88, while upside is capped at 0.8990.

Res: 0.8968, 0.8990, 0.9017, 0.9033
Sup : 0.8900, 0.8894, 0.8850, 0.8800

 

[WindsorBrokers]

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

EUR/USD

Repeated failure to hold gains above 1.45 barrier has triggered fresh reversal through 1.4406 and 1.4376 supports, finding temporary support at 1.4365. Fresh strength from here broke above 1.44 and regained 1.4435 so far, with reclaim of 1.4455/75, 20 day MA / intraday high, needed to re-focus 1.4500/18, with [potential break above the latter to target 1.4579. Upside rejection under 1.4455, however, would risk lower top ahead of fresh leg lower. Below 1.4365 to focus 1.4290/40.

Res: 1.4435, 1.4455, 1.4475, 1.4500
Sup: 1.4400, 1.4365, 1.4300, 1.4290

GBP/USD

Returns to strength after easing from 1.6426 highs was contained at 1.6230 zone. Clearance of 1.63 barrier and previous high at 1.6328, turns focus back towards 1.6400/26, break of which is sought for fresh push higher, to target 1.6456/1.6500 next. However, risk of double top at 1.6426 still exists, in case of upside rejection under 1.6426, with break below 1.6230 needed to confirm.

Res: 1.6347, 1.6363, 1.6400, 1.6426
Sup: 1.6300, 1.6285, 1.6253, 1.6242

USD/JPY

Maintains negative near-term tone after losing temporary support at 83.45, yesterday’s low and daily 200 day MA. Sustained break lower would signal fresh weakness towards 82.55/00 and sideline recovery hopes. On the upside, 84.25/42 zone caps for now and only break here to improve the near-term outlook.

Res: 83.34, 83.45, 83.92, 84.25
Sup: 82.94, 82.70, 82.55, 82.00

USD/CHF

Extends bears after short consolidation off 0.8948, previous low, was limited by 89.80, with fresh weakness losing initial support at 0.8948 and breaking briefly through key support and all-time low at 0.8900. Near-term tone remains bearish, looking for extension towards 0.88, with corrective attempts seen capped at 0.8960/90.

Res: 0.8957, 0.8968 0.8990, 0.9017
Sup : 0.8915, 0.8900, 0.8894, 0.8850

 

[WindsorBrokers]

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

EUR/USD

Strong resistance at 1.45 zone continues to cap, as yesterday’s fresh strength from 1.4365 correction low, failed again to break higher. Market is currently trading just under 1.45 level, with near-term studies still supportive for renewed attempt higher. Above 1.4518 to target 1.4535/79. Corrective dips should be contained by 1.44 zone to keep bulls in play.

Res: 1.4475, 1.4494, 1.4500, 1.4518
Sup: 1.4450, 1.4400, 1.4365, 1.4300

GBP/USD

Returns to strength after easing from 1.6426 highs was contained at 1.6230 zone. Fresh strength broke above recent consolidation ceiling at 1.63 zone, turns focus back towards 1.6400/26, with 1.6382 seen so far. Break above 1.6426 is sought for fresh push higher, to target 1.6456/1.6500 next. Corrective dips need to hold above 1.63/1.6285 to maintain near-term strength.

Res: 1.6347, 1.6371, 1.6382, 1.6400
Sup: 1.6315, 1.6300, 1.6285, 1.6253

USD/JPY

Remains on a back foot after recovery attempt from yesterday’s fresh low at 82.94 stalled at 83.77, with subsequent reversal approaching 83.00 zone. Holding below 200 day MA, currently at 83.45, keeps near-term focus lower, with loss of 83.00/82.94 expected to open fresh phase lower and target 82.55/00.

Res: 83.45, 83.77, 83.92, 84.25
Sup: 83.14, 82.94, 82.70, 82.55

USD/CHF

Extends bears after short consolidation off 0.8948, previous low, was limited by 0.8980, with fresh weakness losing initial support at 0.8948 and breaking briefly through key support and all-time low at 0.8900. Near-term tone remains bearish, looking for extension towards 0.88, with corrective attempts seen capped at 0.8960/90.

Res: 0.8957, 0.8968, 0.8990, 0.9017
Sup : 0.8915, 0.8900, 0.8894, 0.8850

 

[WindsorBrokers]

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

EUR/USD

1.45 zone continues to limit the upside, as the latest attempt to break higher failed at 1.4502, with subsequent reversal breaking through initial support at 1.4465, 20 day MA and extending losses to 1.4408. Higher low here is sought fir fresh push higher, as wider picture remains firmly bullish. Only loss of 1.4364, yesterday’s low, could weaken the near-term tone and open way for deeper correction towards 1.43 area. Sustained break above 1.4500/18 to open 1.4535/79.

Res: 1.4469, 1.4499, 1.4518, 1.4535
Sup: 1.4406, 1.4386, 1.4365, 1.4300

GBP/USD

Returns to strength after easing from 1.6426 high was contained at 1.6230 zone. Fresh strength broke above recent consolidation ceiling at 1.63 zone, turning focus back towards 1.6400/26, with 1.6382 seen so far. Break above 1.6426 is sought for fresh push higher, to target 1.6456/1.6500 next. Corrective dips need to hold above 1.63/1.6285 to maintain near-term strength.

Res: 1.6369, 1.6382, 1.6400, 1.6426
Sup: 1.6326, 1.6315, 1.6300, 1.6285

USD/JPY

Remains on a back foot after recovery attempt from yesterday’s fresh low at 82.94 stalled at 83.77, with subsequent reversal approaching 83.00 zone. Holding below 200 day MA, currently at 83.45, keeps near-term focus lower, with loss of 83.00/82.94 expected to open fresh phase lower and target 82.55/00. To ease immediate bear pressure, break above 83.77 is required.

Res: 83.42, 83.77, 83.92, 84.25
Sup: 83.09, 82.94, 82.70, 82.55

USD/CHF

Extends bears after short consolidation off 0.8948, previous low, was limited by 0.8980, with fresh weakness losing initial support at 0.8948 and breaking briefly through key support and all-time low at 0.8900. Near-term tone remains bearish, looking for extension towards 0.88, with current corrective/consolidative phase seen capped at 0.8960/90.

Res: 0.8957, 0.8968, 0.8990, 0.9017
Sup : 0.8915, 0.8900, 0.8894, 0.8850

 

[WindsorBrokers]

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

EUR/USD

Loses ground after failure to clear 1.45 barrier, with fresh weakness losing 1.44/1.4364 supports, to hit fresh one week low at 1.4348. Consolidation under 1.44 barrier is now under way, but negative hourly conditions see scope for further easing towards 1.4300 and strong support at 1.4240. 20 day MA, currently at 1.44 maintains bear trend, with break above here to possibly signal fresh strength.

Res: 1.4400, 1.4420, 1.4454, 1.4469
Sup: 1.4364, 1.4348, 1.4300, 1.4290

GBP/USD

Recovery attempt from 1.6226 higher platform remains capped by 1.6380, with subsequent easing returning below 1.63 handle. Market is looking for renewed attempt at 1.6250/26 support zone, as hourly studies turned negative, with loss of the latter to signal lower top at 1.6380, ahead of fresh weakness towards 1.6175/1.6090. On the upside, 1.6324 caps for now.

Res: 1.6309, 1.6324, 1.6369, 1.6382
Sup: 1.6253, 1.6236, 1.6226, 1.6200

USD/JPY

Remains on a back foot after losing 200 day MA and 83.00 support, with immediate target at 82.55/00, 31 Mar low / 38.2% retracement of 76.32/85.50 upleg. Negative near-term conditions support fresh weakness, but oversold hourly conditions suggest correction, before fresh leg lower, with 83.77 expected to cap.

Res: 83.25, 83.42, 83.77, 83.92
Sup: 82.70, 82.55, 82.00, 81.83

USD/CHF

Trades in a narrow consolidative range after extending losses below 0.8900, previous low, to hit fresh all-time low at 0.8894. Immediate resistance at 0.8990 needs to be cleared, to signal fresh recovery under way, and focus 0.9060/0.9100. On the downside, loss of 0.8920, range floor will, however, signal fresh weakness, with break below 0.8894 needed to confirm.

Res: 0.8968, 0.8990, 0.9017, 0.9060
Sup : 0.8929, 0.8920, 0.8906, 0.8894

 

[WindsorBrokers]

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

EUR/USD

Reversal from 1.45 zone dipped to 1.4261, marking over 50% retracement of 1.4020/1.4518 upleg, where a temporary footstep was found. Strong rally has exceeded 1.43 barrier, testing 1.4350, ahead of 1.4370/86, 20 day MA / Friday’s intraday high, break of which is sought for fresh recovery above 1.4400/20, to open way for fresh attempt at 1.4500/18. Early upside rejection, however, risks lower top, ahead of fresh leg lower to target 1.4240/11, 07 Apr low / 61.8% retracement.

Res: 1.4349, 1.4370, 1.4386, 1.4420
Sup: 1.4261, 1.4240, 1.4211, 1.4150

GBP/USD

Has extended losses off 1.6382, 14 Apr recovery high, to test levels just above key near-term support at 1.6226, ahead of strong bounce through 1.63. The first resistance at 1.6324 has been briefly exceeded, with 1.6360/82 in focus and break here required to re-open 1.6400/26 highs. Near-term studies are turning positive, with sustained gains above 1.63 needed to continue recovery. Today’s low at 1.6231 and 1.6226, 12 Apr low, remain key, with potential loss of the latter to mark lower top at 1.6382, ahead of fresh leg lower.

Res: 1.6327, 1.6369, 1.6382, 1.6400
Sup: 1.6231, 1.6226, 1.6200, 1.6175

USD/JPY

Recovery attempt from 82.63, today’s low, was capped by 20 day MA at 82.94. Fresh weakness is under way, with break below 82.63/55 supports, looking for further descend towards 82.00, 38.2% retracement of 76.32/85.50 upleg and 81.54, 29 Mar low, next. On the upside, 83 zone offers strong resistance.

Res: 82.94, 83.25, 83.42, 83.77
Sup: 82.00, 81.83, 81.54, 81.00

USD/CHF
Falls sharply after recovery attempt from 0.8894, fresh historical low, stalled on approach at 0.8990 barrier. 0.89 area was tested so far, with near-term studies entering negative zone and suggesting fresh attack at 0.8894, loss of which will open way for fresh all-time lows. Only break above 0.8990 would improve immediate tone.

Res: 0.8988, 0.8994, 0.9017, 0.9060
Sup : 0.8904, 0.8894, 0.8850, 0.8800

 

[WindsorBrokers]

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

EUR/USD

Extended reversal from 1.45 area, to clear 61.8% retracement of 1.4020/1.4518 upleg at 1.4210 and post fresh two-week low at 1.4156, just ahead of 1.4150 support Recovery/consolidation is under way, attempting to hold gains above hourly 20 day MA, currently at 1.4230 and signal further recovery, for upside test of 1.4300/28. Deeply oversold 4- hour conditions, also suggest correction higher. On the downside, loss of 1.4156/50 handle, will open 1.4050, ahead of possible full retracement at 1.4020.

Res: 1.4245, 1.4274, 1.4300, 1.4349
Sup: 1.4204, 1.4156, 1.4150, 1.4060

GBP/USD

Yesterday’s loss of 1.6226, key near-term support has spiked to 1.6165, fresh two-week low, ahead of rebound. Gains reached 1.6270, but run of steam, returning under 1.6250/40, 20 day MA / Fibonacci 38.2% retracement, and turning near-term tone negative. While 1.6270 stay intact, scope is seen for fresh attempt towards 1.6220 area, loss of which would re-focus 1.6165. Above 1.6270, however, opens 1.6300//27.

Res: 1.6270, 1.6300, 1.6327, 1.6369
Sup: 1.6228, 1.6200, 1.6175, 1.6165

USD/JPY

20 day MA on hourly chart maintains negative tone, as recovery attempt from yesterday’s low at 82.17 was capped at 82.70/60 zone. Next target lies at 82.00, 38.2% retracement of 76.32/85.50 upleg, loss of which will open 81.54, 29 Mar low, next. On the upside, regain of minimum 83.00 is required to signal recovery under way and open way for test of 83.77/84.25, 15/13 Apr highs.


Res: 82.70, 82.94, 83.25, 83.42
Sup: 82.31, 82.17, 82.00, 81.83

USD/CHF

Remains in a recovery mode off 0.8894, fresh historical low, after strong bounce from yesterday’s spike low at 0.8904 briefly broke above 0.8990, previous high. Corrective pullback is under way, and while above 20 day MA on 4-hour chart at 0.8942, scope exists for fresh attempt towards key near-term barrier at 0.9000, break of which is needed to trigger further recovery and open 0.9060/0.9100 next. On the downside, loss of 0.8944, today’s low, would signal near-term top at 0.8998 and risk return to 0.89zone.


Res: 0.8974, 0.8998, 0.9017, 0.9060
Sup :0.8944, 0.8920, 0.8904, 0.8894

 

[WindsorBrokers]

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

EUR/USD

Renewed strength from yesterday’s fresh two week spike low at 1.4156 regained 1.43 barrier, with 1.4315 seen so far, and retraced over 38.2% of 1.4518/1.4156 decline. Dynamic 20 day MA support, currently at 1.4244, underpins the advance, with break above 1.4315, to focus 1.4336/49, 50% retracement / yesterday’s intraday high. Further up, clearance of 1.4380/1.4400 zone is needed to re-expose 1.45 and confirm higher low at 1.4156, otherwise, early upside rejection would risk lower top and fresh leg lower.

Res: 1.4315, 1.4336, 1.4349, 1.4380
Sup: 1.4264, 1.4244, 1.4204, 1.4156

GBP/USD

Yesterday’s loss of 1.6226, key near-term support has spiked to 1.6165, fresh two-week low, ahead of rebound. Break above 1.63 level and extension to 1.6314 so far, keeps positive tone in play, with recent correction expected to hold above 1.6228 to maintain near-term bulls. 20 day Ma, currently at 1.6264, has so far contained dips. Above 1.6314 opens 1.6327 and 1.6380 levels. Loss of 1.6228, however, would risk fresh weakness and re-focus 1.6165.

Res: 1.6314, 1.6327, 1.6380, 1.6400
Sup: 1.6257, 1.6228, 1.6200, 1.6175

USD/JPY

20 day MA on hourly chart maintains negative tone, as recovery attempt from yesterday’s low at 82.17 remains capped at 82.70 zone. However, while above today’s low at 82.31, scope exists for fresh recovery attempt, with clearance of 83.00 required to continue and open 83.77 next. On the downside, loss of 82.31/17 would signal fresh leg lower and focus 82.00/81.54.


Res: 82.70, 82.94, 83.25, 83.42
Sup: 82.31, 82.17, 82.00, 81.83

USD/CHF

Remains in a recovery mode off 0.8894, fresh historical low, after strong bounce from yesterday’s spike low at 0.8904 briefly broke above 0.8990, previous high. Sustained break above 0.9000 is sought for fresh recovery towards 0.9060/0.9100, while 0.8945, today’s low / 20 day MA, underpins.

Res: 0.8998, 0.9017, 0.9060, 0.9100
Sup : 0.8971, 0.8945, 0.8920, 0.8904

 

[WindsorBrokers]

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

EUR/USD

Extends rally from 1.4156 higher low, clearing 1.4380, Fibonacci 61.8% retracement and 1.44 barrier, looking for test of 76.4% retracement at 1.4435 and 1.4454, 15 Apr intraday high, ahead of possible attempt at key barriers at 1.4500/18. Break here is needed to resume bulls and open 1.4579, 2010 high, next. Overbought hourly conditions, however, warn of corrective pullback, with 1.4330/00 zone expected to contain dips and maintain immediate bulls.

Res: 1.4412, 1.4435, 1.4454, 1.4500
Sup: 1.4382, 1.4330, 1.4315, 1.4300

GBP/USD

Maintains near-term positive tone after loss of 1.6226 support extended decline to 1.6165, where a good support was found for fresh attempt higher. Regain of 1.63 handle has so far seen 1.6365 high, with 1.6382, 14 Apr high in sight, ahead of eventual attack at key resistances at 1.6400/26, above which will signal a resumption of broader uptrend and open 1.6456, 2010 high, next. Initial support lies at 1.63 zone.

Res: 1.6382, 1.6400, 1.6426, 1.6456
Sup: 1.6328, 1.6312, 1.6300, 1.6257

USD/JPY

Recovery attempt from 82.17 low broke above 4-hour 20 day MA at 82.87, to briefly break above 83.00 barrier. This signals fresh recovery towards 83.25 and strong resistance at 83.77, 15 Apr high, with 82.65 expected to hold dips, to maintain near-term positive tone.

Res: 83.09, 83.25, 83.42, 83.77
Sup: 82.65, 82.31, 82.17, 82.00

USD/CHF

Brief break above 0.9000 barrier was capped by 55 day MA at 0.9011, with reversal below 20 day MA, currently at 0.8960, under way. This turns immediate tone negative, and opens 0.8900/0.8894 lows for retest. Loss of the latter will signal a resumption of broader downtrend and open way towards 0.8800 zone. Only sustained break above 0.9000 would improve the outlook.

Res: 0.8975, 0.9006, 0.9017, 0.9060
Sup : 0.8945, 0.8920, 0.8904, 0.8894

 

[WindsorBrokers]

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

EUR/USD

Extends rally from 1.4156 higher low, to break above 1.4500/18 barriers and hit fresh yearly high at 1.4545. Immediate targets lie at 1.4579, 2010 high and 1.4600, with overbought hourly conditions suggesting corrective pullback ahead of fresh strength. 1.4500, now reverted to support, offers initial support, while 1.4400/1.4380 expected to contain corrective dips.

Res: 1.4536, 1.4545, 1.4579, 1.4600
Sup: 1.4500, 1.4473, 1.4454, 1.4412

GBP/USD

Rally from 1.6165 higher low broke above the last barrier at 1.6382, to open way for final push towards 1.6426, 08/11 Apr fresh high, break of which is sought for fresh leg higher, to open 1.6456, 2010 high and 1.6500, psychological level. Initial support lies at 1.6363, while higher low at 1.6340 underpins the advance.

Res: 1.6396, 1.6400, 1.6426, 1.6456
Sup: 1.6370, 1.6363, 4.6340, 1.6307

USD/JPY

Broke below 82.72/65 support zone to extend losses through trendline support at 82.48, and test yesterday’s higher low at 82.35. This turns near-term tone negative for further slide towards 82.17 previous low, break of which to open way for fresh weakness and expose 81.54/80.69, next. On the upside, 83.00 zone caps for now.

Res: 82.65, 82.87, 83.09, 83.25
Sup: 82.17, 82.00, 81.54, 80.69

USD/CHF

Extended losses after an upside rejection at 0.9007, to break below 0.8900 handle and previous low at 0.8894, and post fresh all-time low at 0.8887. Near-term bears are now firmly in play for fresh push lower towards 0.8850/0.8800, with hourly studies in oversold territory and suggesting corrective bounce before fresh leg lower.0.9000 zone is expected to limit corrective attempts.

Res: 0.8925, 0.8944, 0.8975, 0.9007
Sup : 0.8900, 0.8887, 0.8850, 0.8800

 

[WindsorBrokers]

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

EUR/USD

Yesterday’s break through key barriers at 1.4500/18 initially reached 1.4545, followed by correction to 1.4484, where the support was found. Fresh strength surged through 1.4579, 2010 yearly high and 1.4600, psychological barrier, to hit 1.4619 high so far. Near-term studies remain positive and looking for further upside extension towards 1.4650/85 and 1.47 level. Overbought conditions, however, warn of pullback. Initial supports lie at 1.4562 and 1.4545, with 20 day MA, currently at 1.4535, underpinning.

Res: 1.4619, 1.4650, 1.4685, 1.4700
Sup: 1.4562, 1.4545, 1.4535, 1.4484

GBP/USD

Surges through 1.6400/26, previous highs and key resistances, after initial attempt stalled at 1.6425 and subsequent reversal found footstep at 1.6385, where the fresh strength emerged. Clearance of 1.6456, 2010 high is now approaching 1.6500 level, with clear break here to open way towards 1.6700 zone in a coming days. Immediate support lies at 1.6426, today’s intraday low / previous high, ahead of 20 day MA, currently at 1.6412.

Res: 1.6396, 1.6400, 1.6426, 1.6456
Sup: 1.6370, 1.6363, 4.6340, 1.6307

USD/JPY

Extends broader downtrend after recovery attempt from 82.17 previous low, stalled at 83.09. Fresh weakness lost 82.24/17 support, extending losses below 82.00 level, with 81.54/30 levels in sight. On the upside, 20 day MA, currently at 82.55, maintains bears, along with consolidative range highs at 82.60. Only break above 83.09 would improve the near-term outlook.

Res: 82.31, 82.60, 82.87, 83.09
Sup: 81.86, 81.54, 81.30, 80.69

USD/CHF

Extended losses after an upside rejection at 0.9007, to break below 0.8900 handle and previous low at 0.8894, and post series of fresh historical lows. Near-term bears are now firmly in play for fresh push lower towards 0.8800/0.8750, with hourly studies in oversold territory and suggesting corrective bounce before fresh leg lower. Immediate resistance lies at 0.8890.

Res: 0.8890, 0.8930, 0.8947, 0.9007
Sup : 0.8800, 0.8750, 0.8700, 0.8650

 

[WindsorBrokers]

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

EUR/USD

Extends rally from 1.4484 higher platform, through 1.4579/4.4600 barriers, to post fresh high at 1.4648, ahead of correction. Initial support at 1.4562, 20 day MA / minor consolidation floor, has so far contained dips, with fresh gains approaching 1.4600 level. Break here to open 1.4648, clearance of which will focus 1.4685/1.4700 next. Potential loss of 1.4562, however, would allow for deeper correction and open 1.4484/59, yesterday’s higher platform / 38.2% retracement of 1.4156/1.4648 upleg.

Res: 1.4600, 1.4619, 1.4648, 1.4685
Sup: 1.4568, 1.4562, 1.4545, 1.4484

GBP/USD

Continues to trend higher after clearance of 1.6426 barrier, extending gains through 1.6456/1.6500, to test 1.6600 zone. Near-term bears are firmly in play, with 1.6700 seen on clear break of 1.66. Overbought hourly conditions, however, suggest correction, with 1.6460/20 expected to hold dips.

Res: 1.6600, 1.6650, 1.6700, 1.6720
Sup: 1.6538, 1.6490, 1.6460, 1.6426

USD/JPY

Extends broader downtrend after recovery attempt from 82.17 previous low, stalled at 83.09. Fresh weakness lost 82.24/17 support, extending losses below 82.00 level, en-route to 81.54/30, with 81.70 seen so far. On the upside, 20 day MA, currently at 82.50, maintains bears, along with consolidative range highs at 82.60. Only break above 83.09 would improve the near-term outlook.

Res: 82.16, 82.50, 82.60, 82.87
Sup: 81.70, 81.54, 81.30, 80.69

USD/CHF

Extended losses after an upside rejection at 0.9007, to break below 0.8900 handle and previous low at 0.8894, and post series of fresh historical lows. Near-term bears are now firmly in play for fresh push below 0.8800/0.8750, with hourly studies in oversold territory and suggesting corrective bounce before fresh leg lower. Immediate resistance lies at 0.8890.

Res: 0.8839, 0.8890, 0.8930, 0.8947
Sup : 0.8778, 0.8750, 0.8700, 0.8650

 

[WindsorBrokers]

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

EUR/USD

Corrective pullback from fresh annual high at 1.4648 was contained by 1.4520 zone, range low / previous highs, ahead of fresh attempt higher. 1.46 handle has been regained, with dynamic support of 20 day MA, currently at 1.4575, underpinning the advance. Clearance of 1.4648 to open 1.4684/1.4700 next. Key near-term support lies at 1.4520/1.4484 zone.

Res: 1.4626, 1.4648, 1.4684, 1.4700
Sup: 1.4588, 1.4524, 1.4504, 1.4484

GBP/USD

Trades in a consolidative mode, after hitting fresh yearly high at 1.6598, on 21 Apr. Corrective range floor at 1.6480 still holding the downside, and keeping near-term bulls in play for fresh push higher and retest of 1.66 level. Loss of 1.6480 handle, however, would allow for stronger correction and open way towards 1.6430 zone, 38.2% Fibonacci retracement of 1.6465/1.6598 upleg / 08/11 Apr previous highs, where a higher low is anticipated.

Res: 1.6547, 1.6552, 1.6600, 1.6650
Sup: 1.6490, 1.6480, 1.6433, 1.6424

USD/JPY

Corrective attempt from 81.61, 22 Apr fresh low, seems to be over, after gains stalled at 82.41 and subsequent reversal fell below 82.00 zone, 20 day MA / 38.2% retracement of 76.32/85.51 ascend. This may signal fresh leg of the broader weakness, with loss of 81.61 support to open way for test of levels below 81.00, with strong support standing at 80.70/60 zone. Upside remains capped at 82.40, and only break here to improve near-term out look and open 83.00 zone for test.

Res: 82.08, 82.23, 82.40, 82.60
Sup: 81.77, 81.61, 81.00, 80.69

USD/CHF
Remains in a downtrend after corrective attempt from all time low at 0.8778 stalled at 0.8873, with fresh weakness exceeding the previous and posting fresh record low at 0.8770. Near-term studies remain negative, favoring further decline towards 0.8750/00 zone next, with oversold hourly conditions suggesting corrective bounce, ahead of fresh leg lower. Immediate resistance lies at 0.8830, while potential break above 0.8873 would delay immediate bears in favor of stronger correction.

Res: 0.8830, 0.8873, 0.8890, 0.8930
Sup : 0.8770, 0.8750, 0.8700, 0.8650

 

[WindsorBrokers]

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

EUR/USD

Extends reversal from 1.4648 high through 1.4520 support zone, to test 1.4484 support. Fresh strength from here is under way, with break above 1.4565, 20 day MA needed to turn immediate tone positive and expose 1.4626/48 for retest. Clearance of the latter to open fresh leg higher and focus 1.4684/1.4700. Failure to hold above 1.4565, however, would keep negative tone in play and below 1.4492/84 to target 1.4460/00, 38.2% / 50% Fibonacci retracement of 1.4156/1.4648 upleg, ahead of 1.4365, daily 20 day MA.

Res: 1.4575, 1.4585, 1.4626, 1.4648
Sup: 1.4492, 1.4484, 1.4460, 1.4400

GBP/USD

Extends correction from fresh yearly high at 1.6598, on 21 Apr, breaking below range floor at 1.6480, to test key near-term support zone at 1.6430, 38.2% retracement of 1.6465/1.6598 upleg / 08/11 Apr previous highs. Holding above here keeps bullish outlook intact for fresh strength towards 1.6550/1.6600 zone. Loss of 1.6430 support, however, would weaken the structure and open downside targets at 1.6380/25, Fibonacci levels.

Res: 1.6500, 1.6509, 1.6547, 1.6600
Sup: 1.6430, 1.6400, 1.6380, 1.6325

USD/JPY

Corrective attempt from 81.61, 22 Apr fresh low, has ended, after gains stalled at 82.41 and subsequent reversal fell below 82.00 zone, 38.2% retracement of 76.32/85.51 ascend, to briefly break below 81.61, previous low.. This may signal fresh leg of the broader weakness, with break below 81.61/56 supports, to open way for test of levels below 81.00, with strong support standing at 80.70/60 zone. Upside remains capped at 82.40, and only break here to improve near-term outlook and open 83.00 zone for test.

Res: 81.96, 82.08, 82.23, 82.40
Sup: 81.56, 81.00, 80.69, 80.24

USD/CHF
Remains in a downtrend after corrective attempt from all time low at 0.8778 stalled at 0.8873, with fresh weakness exceeding the previous and posting fresh record low at 0.8770. Near-term studies remain negative, with 4-hour 20 day MA, currently at 0.8850, capping and favoring further decline towards 0.8750/00 zone next. Immediate resistances lie at 0.8850/75, while break above the latter would delay immediate bears in favor of stronger correction towards 0.9000 resistance zone.

Res: 0.8850, 0.8873, 0.8890, 0.8930
Sup : 0.8798, 0.8770, 0.8750, 0.8700

 

[WindsorBrokers]

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

EUR/USD

Regains strength after corrective pullback from 1.4648 high found support at 1.4492, with subsequent rally breaking above 1.4614, trendline resistance, and slightly exceeding previous yearly high at 1.4648, to post fresh one at 1.4651. Holding above 1.4600 level and 1.4575, 20 day MA, keeps the immediate focus on the upside, and clearance of 1.461 to expose 1.4684/1.4700. On the downside, 1.4492/84 remains key near-term support.

Res: 1.4645, 1.4651, 1.4684, 1.4700
Sup: 1.4597, 1.4575, 1.4537, 1.4506

GBP/USD

Maintains negative near-term tone off 1.6600, fresh yearly high, after recovery attempt from today’s low at 1.6437 left lower high at 1.6531, ahead of fresh weakness. Loss of 1.6437/33, previous low / 38.2% Fibonacci level, would signal further retracement of 1.6165/1.6600 upleg and open 1.6380/25, 50%/61.8% levels next. 20 day MA, currently at 1.6480, maintains near-term bears.

Res: 1.6500, 1.6531, 1.6547, 1.6600
Sup: 1.6437, 1.6433, 1.6400, 1.6380

USD/JPY

Corrective attempt from 81.61, 22 Apr fresh low, has ended, after gains stalled at 82.41 and subsequent reversal fell below 82.00 zone, 38.2% retracement of 76.32/85.51 ascend, to briefly break below 81.61, previous low. This may signal fresh leg of the broader weakness, with break below 81.61/56 supports, to open way for test of levels below 81.00, with strong support standing at 80.70/60 zone. 20 day MA, currently at 81.90 offers immediate resistance, while 82.40 caps for now, and only break here to improve near-term outlook and open 83.00 zone for test.

Res: 81.96, 82.08, 82.23, 82.40
Sup: 81.56, 81.00, 80.69, 80.24

USD/CHF
Remains in a downtrend after corrective attempt from all time low at 0.8778 stalled at 0.8873, with fresh weakness exceeding the previous and posting fresh record lows, with last seen at 0.8744. Near-term studies remain negative, with 4-hour 20 day MA, currently at 0.8827, maintain bears and and favoring further decline below 0.8744 towards 0.8700. 0.8850/75 zone caps for now, and potential break above the latter would delay immediate bears in favor of stronger correction towards 0.9000 resistance zone.

Res: 0.8850, 0.8875, 0.8890, 0.8930
Sup : 0.8744, 0.8700, 0.8650, 0.8600

 

[WindsorBrokers]

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

EUR/USD

Surged above 1.4651 previous high, to briefly break above 1.4700 barrier and post fresh annual high at 1.4712. Correction on overbought hourly conditions is under way, attempting to consolidate above 1.4651/53, previous high/ 20 day MA on hourly chart. However, deeper reversal towards 1.4630/00 Fibonacci levels is not ruled out, before fresh push higher for retest of 1.4712 and 1.4750/1.4800 seen on a break.

Res: 1.4695, 1.4712, 1.4750, 1.4780
Sup: 1.4663, 1.4651, 1.4630, 1.4600

GBP/USD

Maintains negative near-term tone off 1.6600, fresh yearly high, after recovery attempt from yesterday’s low 1.6430 remain capped at 1.6510/30 zone. Loss of 1.6433/30, 38.2% Fibonacci level would signal further retracement of 1.6165/1.6600 upleg and open 1.6380/25, 50%/61.8% levels next.

Res: 1.6514, 1.6531, 1.6547, 1.6600
Sup: 1.6446, 1.6430, 1.6400, 1.6380

USD/JPY

Has dipped to a fresh one-month low at 81.26, after recovery attempt from 81.60, previous low, was capped at 82.40, and subsequent reversal broke below 81.60/56 support. Fresh recovery attempt from 81.26 is under way, currently testing 81.90 zone, previous low / 20 day MA on 4 hour chart, break of which is needed to open 82.40 for retest. Otherwise, lower top at 82.00 area and fresh weakness towards 81.26 and 80.70 on a break, would be the likely scenario.

Res: 81.96, 82.08, 82.23, 82.40
Sup: 81.56, 81.00, 80.69, 80.24

USD/CHF

Maintains strong downtrend after leaving a lower top at 0.8850 yesterday, with fresh weakness breaking below 0.8744, previous low and 0.8700 figure support, to post fresh historical low at 0.8669, ahead of correction. Recovery is attempting through hourly 20 day MA at 0.8747, break of which would open 0.88 zone, where a lower top is sought to maintain bears, and break below 0.8669 to open 0.8600 next.


Res: 0.8755, 0.8782, 0.8850, 0.8875
Sup : 0.8712, 0.8700, 0.8669, 0.8600

 

[WindsorBrokers]

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

EUR/USD

Surged above 1.4651 previous high, to briefly break above 1.4700 barrier and post fresh annual high at 1.4712. Corrective/consolidative phase is so far holding above 1.4650 zone. However, deeper reversal towards 1.4630/00 Fibonacci levels / 20 day MA on 4-hour chart, where a higher low is anticipated for fresh push higher. Above 1.4712 to open 1.4750/1.4800 next.

Res: 1.4695, 1.4712, 1.4750, 1.4780
Sup: 1.4650, 1.4630, 1.4600, 1.4585

GBP/USD

Sharp rally emerged from correction lows at 1.6430/34, clearing 1.6530/50 resistances and opening way for retest of 1.6600 barrier. Hourly studies have turned positive, with previous highs at 1.6550/30 now turned to support, ahead of 1.6510, 20 day MA, that maintains current strength. Clearance of 1.6600 is needed to target 1.6700/20. Only loss of key near-term support at 1.6430 would weaken the structure.

Res: 1.6580, 1.6600, 1.6650, 1.6700
Sup: 1.6550, 1.6530, 1.6520, 1.6510

USD/JPY

Has dipped to a fresh one-month low at 81.26, after 82.40 capped the upside, with subsequent rebound breaking above 82.00 level to approach 82.40 barrier. Break here and 82.50, daily 55 day MA is required to continue recovery and open 83.00 zone for test., while rejection under 82.50/40 risks lower top and fresh weakness towards 82.00/81.26.

Res: 82.34, 82.40, 82.87, 83.09
Sup: 82.10, 82.00, 81.66, 81.51

USD/CHF

Recovery attempt from 0.8669, today’s fresh all-time low is approaching the first barrier at 0.8807, yesterday’s intraday high and 20 day MA on 4-hour chart, break of which is sought for fresh gains towards 0.8850/73, where a lower top is anticipated, before continuing downtrend, with loss of 0.8669 to open 0.8600 next.

Res: 0.8794, 0.8807, 0.8850, 0.8873
Sup : 0.8735, 0.8712, 0.8700, 0.8669

 

[WindsorBrokers]

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

EUR/USD

Rally from yesterday’s higher low at 1.4630 cleared 1.4712/20 resistances, yesterday’s high / Dec 2008 high, surging through 1.4800 barrier, to post fresh yearly high at 1.4880. Bulls are firmly in play for attack at 1.4900 and psychological 1.5000 level near-term. Overbought hourly conditions, however, see scope for corrective pullback before bulls resume, with 1.4765, today’s low / hourly 20 day MA, offering initial support..

Res: 1.4880, 1.4900, 1.4950, 1.5000
Sup: 1.4822, 1.4785, 1.4765, 1.4725

GBP/USD

Extended rally from yesterday’s higher platform at 1.6430, breaking through 1.6600/1.6700 barriers, to reach Sep 2009 high and fresh annual high at 1.6745. Further gains are looking for break through 1.6800 for possible test of 1.6877, Nov 2009 high. Correction on overbought hourly studies is seen preceding fresh move higher, with 1.6620/00 zone offering strong support.

Res: 1.6727, 1.6745, 1.6800, 1.6850
Sup: 1.6682, 1.6640, 1.6620, 1.6600

USD/JPY

Strong bounce from yesterday’s fresh one-month low cleared initial resistance at 82.40, but stalled at 82.80, just ahead of key near-term barrier at 83.09, ahead of sharp reversal under 82.00. Bearish near-term outlook favors downside test of 81.26, with break lower to expose 80.69, 23 Mar low and possibly 80.00, psychological support. Hourly 20 day MA, currently at 82.09 and today’s high at 82.26, caps for now, while only break above 82.80 improves the near-term picture.

Res: 81.81, 82.09, 82.26, 82.40
Sup: 81.51, 81.26, 81.00, 80.69

USD/CHF

Recovery attempt from 0.8669, fresh all-time low, has run out of steam at 0.8832, ahead of key barriers at 0.8850/75, with subsequent fall under 0.8700 approaching 0.8669. Weak near-term studies favor further decline and below 0.8669 to focus 0.8600. Initial resistance lies at 0.8755, while 4-hour 20 day MA, currently at 0.8770, maintains bearish tone.

Res: 0.8722, 0.8755, 0.8790, 0.8832
Sup : 0.8688, 0.8669, 0.8650, 0.8600

 

[WindsorBrokers]

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

EUR/USD

Trades in a near-term corrective mode after posting fresh yearly high at 1.4880, testing currently 1.4785/65 support, 38.2% Fibonacci retracement of 1.4630/1.4880 / today’s low, where a higher low is anticipated for fresh attempt higher, as near-term studies remain positive, with bulls supported by 20 day MA, currently at 1.4680, and 1.4630 higher low. Break above 1.4880 to open 1.4900/1.5000 next.

Res: 1.4815, 1.4864, 1.4880, 1.4900
Sup: 1.4765, 1.4712, 1.4680, 1.4630

GBP/USD

Extended rally from yesterday’s higher platform at 1.6430, breaking through 1.6600/1.6700 barriers, to reach Sep 2009 high and fresh annual high at 1.6745. Further gains are looking for break through 1.6800 for possible test of 1.6877, Nov 2009 high. Correction on overbought hourly studies is seen preceding fresh move higher, with 1.6620/00 zone offering strong support.

Res: 1.6676, 1.6727, 1.6745, 1.6800
Sup: 1.6633, 1.6620, 1.6600, 1.6580

USD/JPY

Strong bounce from yesterday’s fresh one-month low cleared initial resistance at 82.40, but stalled at 82.80, just ahead of key near-term barrier at 83.09, ahead of sharp reversal under 82.00. Bearish near-term outlook favors downside test of 81.26, with break lower to expose 80.69, 23 Mar low and possibly 80.00, psychological support. Hourly 20 day MA, currently at 82.09 and today’s high at 82.26, caps for now, while only break above 82.80 improves the near-term picture.

Res: 81.81, 82.09, 82.26, 82.40
Sup: 81.26, 81.00, 80.69, 80.00

USD/CHF

Recovery attempt from 0.8669, fresh all-time low, has run out of steam at 0.8832, ahead of key barriers at 0.8850/75, with subsequent fall under 0.8700, testing 0.8688, just ahead of 0.8669 low. Fresh attempt higher has so far tested initial resistance at 0.8755, with clear break here needed to signal near-term higher low at 0.8688 and open way 0.8832 barrier. Failure to clear 0.8755, however, would re-focus 0.8688/69 and resume broader downtrend.

Res: 0.8758, 0.8790, 0.8817, 0.8832
Sup : 0.8720, 0.8688, 0.8669, 0.8650