Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

Steadies above 1.4800 level after pullback from fresh yearly high at 1.4880 found support at 1.4772, that now offers initial support, ahead of 4-hour 20 day MA, currently at 1.4735. Main near-term support lies at 1.4645/30 zone. Bullish near-term tone favors fresh attack at 1.4880, break of which to open 1.4900 and psychological level at 1.5000.

Res: 1.4849, 1.4880, 1.4900, 1.4950
Sup: 1.4803, 1.4772, 1.4765, 1.4712

GBP/USD

Trades in a consolidative mode after posting fresh high at 1.6745 and subsequent pullback so far been contained at 1.6620 zone. However, further correction is not ruled out, with higher low seen at 1.6585/25 zone, 20 day MA / 38.2% Fibonacci level, as bigger picture bulls remain intact. Above 1.6745 to focus 1.6800/77 next.

Res: 1.6697, 1.6745, 1.6800, 1.6850
Sup: 1.6622, 1.6600, 1.6585, 1.6520

USD/JPY

Moves in a narrow range, just above 81.26, fresh one-month low after upside rejection at 82.80 triggered reversal to 81.40 zone. Near-term outlook still favors attempt through 81.26, to focus 80.69 and 80.00 levels, while daily 55 day MA, currently at 82.45, maintains bearish tone. Only break above 82.80/83.09 would improve tone and allow for stronger recovery.

Res: 81.69, 81.81, 82.26, 82.80
Sup:81.39, 81.26, 81.00, 80.69

USD/CHF

Recovery attempt off 0.8669, fresh historical low and 0.8688 higher low has entered narrow range sideways trading, with 0.8750, 4-hour 20 day MA and 0.8772, upper boundary of near-term triangle, offering immediate resistance and expected to cap, as near-term studies still point to the downside. Loss of 0.8669 to open 0.8600/0.8500 short-term. On the upside, clearance of 0.8830/70 barriers is needed to signal stronger recovery.

Res: 0.8758, 0.8772, 0.8790, 0.8832
Sup : 0.8720, 0.8688, 0.8669, 0.8650

 

[WindsorBrokers]

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

EUR/USD

Trades off fresh yearly high at 1.4880, after correction from the latter found support at 1.4772, that now offers initial support, along with 4-hour 20 day MA, currently at 1.4760. Main near-term support lies at 1.4645/30 zone. Bullish near-term tone favors fresh attack at 1.4880, break of which to open 1.4900 and psychological level at 1.5000.

Res: 1.4880, 1.4900, 1.4950, 1.5000
Sup: 1.4803, 1.4772, 1.4765, 1.4712

GBP/USD

Trades in a consolidative mode after posting fresh high at 1.6745 and subsequent pullback so far been contained at 1.6620 zone. However, further correction is not ruled out, as upside remains capped at 1.6700 zone, with higher low seen towards 1.6525, 38.2% Fibonacci level, as bigger picture bulls remain intact. Above 1.6745 to focus 1.6800/77 next.

Res: 1.6689, 1.6697, 1.6745, 1.6800
Sup: 1.6622, 1.6600, 1.6585, 1.6520

USD/JPY

Loses the previous low support at 81.26 after an upside rejection at 82.80 sparked fresh decline, extending short-term bears to fresh one-month low at 81.11. Next downside targets lie at 80.69/00 zone, which is expected to hold dips and maintain broader positive tone from 76.32, record low. Resistance zone at 81.60/85 needs to be cleared to signal recovery under way.

Res: 81.60, 81.85, 82.26, 82.80
Sup: 81.32, 81.11, 81.00, 80.69

USD/CHF

Extends the downtrend after near-term recovery from 0.8688 higher low at 0.8760 zone, with subsequent weakness breaking below 0.8688/69, lows and bear channel support at 0.8647, to post fresh record low at 0.8642. Correction on oversold near-term conditions, is seen for now limited at 0.8734/60, 20 day MA on 4- hour chart / previous high, ahead of fresh attempt lower. Below 0.8642 to focus 0.8600/0.8500.

Res: 0.8688, 0.8710, 0.8758, 0.8772
Sup : 0.8642, 0.8600, 0.8550, 0.8500

 

[WindsorBrokers]

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

EUR/USD

Reversed under 1.4800 after posting fresh annual high at 1.4880, to break below channel support, drawn off 1.4156, 18 Apr low, and reach 1.4761 low so far. Further reversal is seen towards 1.4732/1.4685 Fibonacci levels, where a higher low is anticipated to maintain short-term bulls in play. Loss of 1.4630 higher platform, however, would turn tone negative for potential revisit of 1.45 zone. On the upside, regain of 1.4880 would open 1.4900, ahead of psychological 1.5000 level.

Res: 1.4830, 1.4862, 1.4880, 1.4900
Sup: 1.4761, 1.4732, 1.4685, 1.4630

GBP/USD

Continues to trade sideways after posting fresh high at 1.6745 and subsequent pullback so far been contained at 1.6620 zone. 20 day MA on 4-hour chart, currently at 1.6645, underpins for now, with regain of 1.67 handle to open way for retest of 1.6745, break of which is sought for fresh leg higher, towards 1.6800/77. On the downside, potential loss of 1.6620 platform, also 38.2% Fibonacci retracement of 1.6434/1.6745 ascend, would open 1.6600/1.6550.

Res: 1.6700, 1.6737, 1.6745, 1.6800
Sup: 1.6642, 1.6622, 1.6600, 1.6585

USD/JPY

Extended weakness after losing 81.26, previous low, to briefly test 81.00 level, ahead of bounce. This is seen corrective while 81.60/80 zone holds, with 4-hour 55 day MA, currently at 82.00, maintaining short-term bears. Break here and through key near-term barrier at 82.80 is needed to signal stronger recovery, otherwise, lower top and fresh weakness towards 81.00/80.69 would be likely scenario.

Res: 81.68, 81.85, 82.26, 82.80
Sup: 81.00, 80.69, 80.24, 80.00

USD/CHF

Short-term bears remain in play, extending to a fresh all-time low at 0.8623, posted today. Corrective attempt has so far reached 0.8690 zone, with 20 day MA, currently at 0.8711, offering immediate resistance. However, lift above 0.8760/70, previous high / 38.2% Fibonacci retracement of 0.9007/0.8623, is needed to signal recovery under way, and open 0.8830/60 for retest. Upside rejection under 0.8760, however, would risk lower top and fresh weakness towards 0.8623/0.8600 initially.

Res: 0.8694, 0.8710, 0.8758, 0.8772
Sup : 0.8671, 0.8650, 0.8642, 0.8623

 

[WindsorBrokers]

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

EUR/USD

Continues to consolidate above 1.4800 level after pullback from 1.4880, fresh yearly high, found temporary support at 1.4770/60 zone. Positive near-term tone sees scope for renewed attempt at 1.4876/80 highs, break of which will open 1.4900, then psychological resistance at 1.5000. Current price action is supported by 4-hour 20 day MA, currently at 1.4810, ahead of 1.4770/60, correction lows and 1.4732, 32.8% Fibonacci retracement of 1.4492/1.4880 upleg.

Res: 1.4862, 1.4876, 1.4880, 1.4900
Sup: 1.4826, 1.4800, 1.4772, 1.4761

GBP/USD

Remains in sideways trading mode after posting fresh high at 1.6745 and subsequent pullback so far been contained at 1.6620 zone. 20 day MA on 4-hour chart, currently at 1.6658, underpins for now, with clear break above 1.6700 barrier to open way for retest of 1.6745. Break above the latter opens fresh leg higher, with initial targets at 1.6800 and 1.6877, Nov 2009 high. On the downside, potential loss of 1.6620 platform, also 38.2% Fibonacci retracement of 1.6434/1.6745 ascend, would open 1.6600/1.6550.

Res: 1.6703, 1.6737, 1.6745, 1.6800
Sup: 1.6642, 1.6622, 1.6600, 1.6585

USD/JPY

Extended weakness after breaking below 81.26, previous low, to briefly test 81.00 level, ahead of bounce. Gains have so far been limited at 81.68, 20 day MA, along with 4-hour 55 day MA, currently at 81.95, maintaining short-term bears. Near-term focus is turned towards 81.00, loss of which will open 80.69 and psychological 80.00 supports for test.
On the upside, clearance of 82.80/83.09 barriers is needed to signal recovery under way.

Res: 81.68, 81.85, 82.26, 82.80
Sup: 81.19, 81.00, 80.69, 80.24

USD/CHF

Short-term bears remain in play, extending to a fresh all-time low at 0.8623, posted today. Corrective attempts have been capped by 0.690 zone, with 20 day MA, currently at 0.8705, maintaining negative tone, with loss of 0.8623 to focus 0.8600/0.8500 next. On the upside, regain of 0.8760/70, previous high / 38.2% Fibonacci retracement of 0.9007/0.8623, is needed to signal stronger recovery, and open 0.8830/60 for retest.

Res: 0.8694, 0.8710, 0.8758, 0.8772
Sup : 0.8650, 0.8642, 0.8623, 0.8600

 

[WindsorBrokers]

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

EUR/USD

Remains in consolidative range after yesterday’s extension above 1.4880 posted fresh yearly high at 1.4900. Downside remains supported at 1.4760 zone, with break above hourly 20 day MA at 0.4832 to turn near-term focus higher. Break above 1.4900 is needed to resume bulls towards 1.5000, while loss of 1.4760 would delay and allow for deeper correction towards 1.4700 zone initially.

Res: 1.4843, 1.4882, 1.4900, 1.4950
Sup: 1.4810, 1.4770, 1.4760, 1.4745

GBP/USD

Breaks below the recent consolidative range support at 1.6620, to extend losses to 1.6585 and test short-term trendline support, connecting 1.6165/1.6434 lows. This may signal further weakness, as hourly studies are pointing lower, to target 1.6554, Fibonacci level, ahead of 1.6500, 27 Apr higher low. Hourly 20 day MA, currently at 1.6655, maintains near-term negative tone, with potential break above and regain of 1.6700 area, required to signal return to strength.

Res: 1.6646, 1.6660, 1.6700, 1.6721
Sup: 1.6607, 1.6600, 1.6585, 1.6554

USD/JPY

Maintains bear tone after recovery attempt from 81.00, yesterday’s low, stalled at 81.68. Fresh leg lower extended below 81.00 handle, to post fresh one-month low at 80.89, just ahead of 80.69, post intervention higher platform. Immediate resistance lies at 81.30 zone, with corrective attempts seen capped under 81.68 and fresh weakness to focus 80.89/69, ahead of key short-term supports at 80.00 and 79.80.

Res: 81.30, 81.68, 81.85, 82.26
Sup: 80.89, 80.69, 80.24, 80.00

USD/CHF

Short-term bears remain in play, after posting fresh all-time low at 0.8623 and recovery attempts been capped by 0.8690 zone. Loss of 0.8623 will open way for further decline towards 0.8600, then 0.8500 zone. Today’s high at 0.8668 offers immediate resistance, while regain of 0.87 zone is needed to improve near-term outlook.

Res: 0.8668, 0.8694, 0.8710, 0.8758
Sup : 0.8623, 0.8600, 0.8550, 0.8500

 

[WindsorBrokers]

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

EUR/USD

Continues to trade sideways within 1.4760/1.4900 range, with the latest bounce higher crossing above 20 day MA at 1.4812 and looking for regain of 1.4843, today’s high, to re-focus 1.4900. Break here is sought for extension of short-term upleg from 1.4156 towards 1.5000 next. Failure under 1.4843, however, would soften the near-term tone for downside attempt at 1.4760 support, loss of which would open way for deeper reversal and expose 1.4630/20, then 1.4500 zone.

Res: 1.4843, 1.4882, 1.4900, 1.4950
Sup: 1.4800, 1.4770, 1.4760, 1.4710

GBP/USD

Extends reversal from 1.6745 high after losing 1.6620 consolidation floor and 1.6600 trendline support, to dip sharply under 1.6500. 1.6466 low was seen so far, just above strong support at 1.6430 higher platform. Corrective bounce on oversold hourly conditions, faces immediate resistance at 1.6585, previous low / hourly 20 day MA, where a lower high is expected, to maintain immediate bears, with break below 1.6430 handle, to focus 1.6385, 61.8% retracement of 1.6165/1.6745 upleg. Only break above today’s highs at 1.6646/60 would improve near-term tone.

Res: 1.6585, 1.6600, 1.6646, 1.6660
Sup: 1.6466, 1.6430, 1.6385, 1.6340

USD/JPY

Maintains bear tone after recovery attempt from 81.00, yesterday’s low, stalled at 81.68. Fresh leg lower extended below 81.00 handle, to test 80.69, post intervention higher platform and. However, the recent pullback off 85.50 is still seen as correction of the broader 76.32/85.50 ascend, while 80.00/79.80 zone stays intact. Immediate resistance lies at 81.00, with corrective attempts seen capped at 81.68 for now.

Res: 81.00, 81.25, 81.68, 81.85
Sup: 80.69, 80.24, 80.00, 79.80

USD/CHF

Trades in a near-term consolidative mode, just above fresh historical low, as today’s spike low briefly broke under 0.8623 to post new low at 0.8617. Immediate bounce higher was capped at 0.8670 zone, with break above the latter and 0.8700 needed to ease bear pressure. Below 0.8617 to focus 0.8600/0.8500 next.

Res: 0.8670, 0.8694, 0.8710, 0.8758
Sup : 0.8617, 0.8623, 0.8600, 0.8550

 

[WindsorBrokers]

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

EUR/USD

Continues near-term sideways trading within 1.4754/1.4900 range, after yesterday’s upside rejection near 1.4900 high and fresh weakness under 1.4800 handle being contained above 1.4754 range low. This may signal a formation of near-term consolidative cycle bottom, ahead of resumption of broader uptrend from 1.4156, 18 Apr low, towards 1.5000 level, with daily 20 day MA at 1.4570 underpinning. However, caution of overbought daily conditions that may trigger deeper correction under 1.4754, to target 1.4650/30 zone, before resuming higher.

Res: 1.4836, 1.4888, 1.4900, 1.4950
Sup: 1.4800, 1.4774, 1.4754, 1.4710

GBP/USD

Remains in a near-term downtrend from 1.6745, fresh yearly high, after yesterday’s break below 1.6620, consolidative range bottom, triggered sharp fall to 1.6450, 50% Fibonacci retracement of 1.6465/1.6745 upleg and just ahead of 1.6430 higher platform and key near-term support, as well as daily 20 day MA. A higher low here is anticipated, to maintain short-term bulls in play, with regain of 1.6600 zone needed to confirm. On the downside, break below 1.6430 support would open 1.6385, 61.8% retracement, loss of which would sideline bulls in favor of possible return towards 1.6165.

Res: 1.6549, 1.6585, 1.6600, 1.6646
Sup: 1.6450, 1.6430, 1.6385, 1.6340

USD/JPY

Trades in a near-term corrective/consolidative mode after testing strong support at 80.69, 23 Mar higher platform. Upside regain of minimum 81.50/68 is needed to signal recovery under way, with lift above 82.00 to focus key near-term resistance at 82.80, break of which would mark a higher low of the broader ascend from 76.32, record low. On the downside, loss of 80.69 opens key support zone at 80.00/79.80 for test, break of which would suggest an end of post intervention corrective phase and turn the focus lower.

Res: 81.09, 81.25, 81.50, 81.68
Sup: 80.80, 80.69, 80.24, 80.00

USD/CHF

Maintains bear-tone after losing previous low at 0.8617 and 0.8600 support, to post fresh all-time low at 0.8594. Mild recovery is under way and while below 0.8670, immediate focus remains at the downside. However, extremely oversold daily conditions see scope for stronger correction, with regain of 0.8900/9000 zone needed to improve daily outlook.

Res: 0.8646, 0.8670, 0.8694, 0.8710
Sup : 0.8619, 0.8600, 0.8594, 0.8550

 

[WindsorBrokers]

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

EUR/USD

Breaks above recent 1.4754/1.4900 channel, to post fresh one-year high at 1.4930 so far. Near-term bulls are firmly in play, with focus at key psychological barrier at 1.5000. Immediate support lies at 1.4850, while dynamic support of 20 day MA, currently at 1.4830, underpins the advance.

Res: 1.4930, 1.4950, 1.5000, 1.5000
Sup: 1.4900, 1.4877, 1.4850, 1.4800

GBP/USD

Remains in a near-term downtrend from 1.6745, fresh yearly high, extending losses to 1.6450, 50% Fibonacci retracement of 1.6165/1.6745 upleg and upper boundary of broken multi-month bull channel, now reversed to support. Temporary support was found at 1.6454, with break above 1.6550, yesterday’s intraday high, increasing hopes for fresh gains towards 1.6600, 21 Apr high, 20 day MA, break of which is needed to signal higher low at 1.6454 and turn focus towards 1.6700/45.

Res: 1.6585, 1.6600, 1.6646, 1.6661
Sup: 1.6454, 1.6430, 1.6385, 1.6340

USD/JPY

Trades in a near-term corrective/consolidative mode after testing strong support at 80.69, 23 Mar higher platform. Upside regain of minimum 81.50/68 is needed to signal recovery under way, with lift above 82.00 to focus key near-term resistance at 82.80, break of which would mark a higher low of the broader ascend from 76.32, record low. On the downside, loss of 80.69 opens key support zone at 80.00/79.80 for test, break of which would suggest an end of post intervention corrective phase and turn the focus lower.

Res: 81.18, 81.25, 81.50, 81.68
Sup: 80.80, 80.69, 80.24, 80.00

USD/CHF

Mild correction from yesterday’s fresh low at 0.8594 was capped at 0.8650 zone, ahead of fresh weakness that sent pair below 0.8600, to post fresh record low, and look for further downside extension towards 0.8500. Daily studies, deeply in oversold territory, however, suggest correction, with regain of 0.8700 zone needed to turn the broader picture positive.


Res: 0.8625, 0.8646, 0.8670, 0.8694
Sup : 0.8579, 0.8550, 0.8500, 0.8420

 

[WindsorBrokers]

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

EUR/USD

Remains bid above 1.4800 after yesterday’s stretch above 1.4900 barrier posted fresh high at 1.4938. Subsequent reversal was contained at 1.4804, along with 1.4754, range bottom, supporting advance for fresh attempt higher, and through 1.4938 to focus psychological resistance at 1.5000. Key near-term support lies at 1.4647/30 zone, 21 Apr high/27 Apr low, also near 38.2% retracement of 1.4156/1.4938 upleg.

Res: 1.4888, 1.4900, 1.4938, 1.4950
Sup: 1.4804, 1.4774, 1.4754, 1.4712

GBP/USD

Trades in a corrective mode after pullback from 1.6745, annual high, found support at 1.6450, 50% Fibonacci retracement of 1.6165/1.6745 ascend, with initial recovery attempt being rejected at 1.6573. Fresh push higher needs to clear the latter to signal further recovery and expose 1.6620/46 barriers, ahead of possible attack at 1.6700/45 zone. Wider picture remains positive, with 1.6450 low and daily 20 day MA, along with 1.6430, expected to hold. Otherwise, loss of the latter would allow for deeper reversal and expose 1.6385 next.

Res: 1.6573, 1.6585, 1.6600, 1.6646
Sup: 1.6481, 1.6450, 1.6430, 1.6385

USD/JPY

Continues to trend lower after losing 50% retracement level at 80.91 and previous higher platform at 80.69, en-route to key support zone at 80.00/79.80, psychological support / 61.8% retracement of 76.32/85.50 upleg. Break here would signal an end of post intervention corrective attempt and resumption of the broader downtrend, with 79.00 seen as next target. On the upside, 4-hour 20 day MA at 81.00, maintains bears.

Res: 80.69, 81.00, 81.25, 81.68
Sup: 80.24, 80.00, 79.80, 79.06

USD/CHF

Continues to travel south after losing 0.8600, 5-month support line, to test 0.8550 so far. Overall trend remains firmly bearish but deeply oversold daily conditions suggest correction that may delay immediate bears, with 0.8700 zone, previous high / trendline resistance, expected to cap.


Res: 0.8625, 0.8646, 0.8670, 0.8694
Sup : 0.8550, 0.8500, 0.8420, 0.8400

 

[WindsorBrokers]

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

EUR/USD

Today’s upside rejection at 1.4900 has seen sharp reversal, breaking through 1.4804/1.4750 supports, to extend losses to 1.4676 so far and marking near 61.8% retracement of 1.4492/1.4938 ascend. Next strong support lies at 1.4646/30, with potential break here to put short-term bulls on hold, in favor of deeper setback towards 1.4500, key short-term support zone. Hourly RSI in overbought zone suggests corrective bounce, with immediate resistance at 1.4750.

Res: 1.4712, 1.4754, 1.4770, 1.4804
Sup: 1.4676, 1.4646, 1.4630, 1.4597

GBP/USD

Remains on a back foot after upside attempt from 1.6480 stalled below 1.6573, previous high, leaving lower top at 1.6542, ahead of fresh weakness. This is now testing key short-term support at 1.6430, loss of which would signal further extension of downleg from 1.6745 and open 1.6385, 61.8% Fibonacci retracement of 1.6165/1.6745 ascend. Holding above 1.6430, however, would keep hopes of fresh strength alive, but break above 1.6542/73 is needed to confirm.

Res:1.6500, 1.6542, 1.6573, 1.6585
Sup: 1.6441, 1.6430, 1.6385, 1.6306

USD/JPY

Extends the downtrend after losing key supports at 80.00/79.80, psychological support / 61.8% retracement of 76.32/85.50 upleg, to post fresh low at 79.55. This ends hopes of fresh recovery and opens way towards 79.00 zone next. Oversold hourly studies, however, see scope for correction, with immediate resistance at 80.69/81.00 zone.

Res: 80.00, 80.69, 81.00, 81.25
Sup: 79.55, 79.06, 78.82, 78.54

USD/CHF

Corrective attempt from 85.50 historical low has regained first resistance at 0.8646, extending towards key near-term resistance zone at 0.8670/0.8700 break of which is needed to pick-up fresh recovery and open 0.8760/0.8830 zone next. Hourly 20 day MA, currently at 0.8600, supports the advance.

Res: 0.8670, 0.8700, 0.8760, 0.8800
Sup : 0.8648, 0.8575, 0.8550, 0.8500

 

[WindsorBrokers]

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

EUR/USD

Trades in a near-term consolidative mode after yesterday’s sharp fall reached1.4509 fresh one week low, over 50% retracement of 1.4156/1.4938 upleg. Recovery has so far been limited at 1.4585, where an hourly 20 day MA stands, with break here sought for further gains towards 1.4630 initially. Immediate support lies at 1.4540/34, trendline support / today’s low, ahead of 1.4509, yesterday’s low and key 26 Apr higher low at 1.4492, loss of which would signal further reversal and expose 61.8% Fibonacci level at 1.4456.

Res: 1.4585, 1.5600, 1.4630, 1.4715
Sup: 1.4552, 1.4534, 1.4509, 1.4492

GBP/USD

Maintains negative tone after downleg from 1.6542 higher low broke below key short-term support at 1.6430, triggering fresh weakness that posted two-week low at 1.6357 and denting 61.8% Fibonacci retracement level at 1.6385. Recovery attempt needs to clear 1.6430 barrier, where the overnight gains were limited, to open way for stronger recovery, with regain of 1.6542/73 needed to confirm higher low. Otherwise, loss of 1.6357 handle would open 1.6300 initially, with potential return to 1.6165 base not ruled out in a short-term.

Res: 1.6432, 1.6451, 1.6500, 1.6542
Sup: 1.6382, 1.6357, 1.6306, 1.6257

USD/JPY

Price action from 79.55, fresh 7-week low, is attempting to break above first barrier 80.68, yesterday’s high /4-hour 20 day MA, clearance of which is required to signal fresh recovery towards 81.00/20 zone. However, this is seen corrective while 82.80 high stays intact, as wider picture outlook remains firmly bearish. Below 79.55 to focus 79.06/78.82 next.

Res: 80.65, 81.00, 81.25, 81.55
Sup: 80.36, 80.00, 79.55, 79.06

USD/CHF

Corrective attempt from 0.8550 historical low broke above initial resistance at 0.8646, to regain 0.8700 zone, ahead of narrow consolidation. Near-term studies remain supportive for fresh push higher, towards 0.8760 and 0.8833, Fibonacci level, with break here to confirm near-term higher low and open way for stronger recovery towards, 0.8870/0.8920. On the downside, 20 day MA, currently at 0.8646 underpins the advance.

Res: 0.8711, 0.8760, 0.8800, 0.8833
Sup : 0.8675, 0.8634, 0.8575, 0.8550

 

[WindsorBrokers]

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

EUR/USD

Remains in a steep downtrend from 1.49 zone, breaking below bull channel support, to dip to fresh 3-week low at 1.4314. Bounce higher is seen corrective for now, as short-term studies remain negative, with hourly 20 day MA limiting the upside for now. However, further correction into 1.4480/1.4500 is not ruled out, where a lower high is anticipated, ahead of fresh leg lower and below 1.43 to focus 1.4250/1.4200 next. Only break above 1.4550/80 zone would signal fresh recovery and expose 1.4625/46.

Res: 1.4424, 1.4455, 1.4482, 1.4506
Sup: 1.4375, 1.4340, 1.4314, 1.4300

GBP/USD

Maintains negative tone after loss of key short-term support at 1.6430 extended decline to 1.6341 so far. Recovery attempts were capped at 1.6400 zone, with 4-hour 20 day MA maintaining the downtrend. Break below 1.6340 handle opens strong support at 1.6300 area, ahead of possible attempt at 1.6230. On the upside, immediate resistance lies at 1.6400 and 1.6430, while clearance of last Friday’s 1.6462 high is required to pick-up stronger recovery.

Res: 1.6400, 1.6430, 1.6451, 1.6462
Sup: 1.6360, 1.6341, 1.6306, 1.6266

USD/JPY

Recovery from 79.55, fresh 7-week low, broke above 80.68 barrier to extend gains just under 81.00. 20 day MA offers immediate support, with regain of 81.00/20 needed to signal further recovery. Below 80.50 opens key near-term support at 80.20, loss of which would turn bearish.

Res: 80.65, 80.83, 80.93, 81.00
Sup: 80.50, 80.20, 80.00, 79.55

USD/CHF

Correction from 0.8550 historical low was capped at 0.88 zone, previous high / daily 20 day MA, with corrective pullback under way. Higher low above 0.8700 area is sought to resume near-term uptrend, with clearance of 0.8800 to expose 0.8830/70 resistance zone, next.

Res: 0.8760, 0.8800, 0.8833, 0.8850
Sup : 0.8727, 0.8700, 0.8675, 0.8634

 

[WindsorBrokers]

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

EUR/USD

Has ended recovery from 1.4314, Friday’s low, as gains stalled at 1.4438, just below initial resistance at 1.4450. Fresh weakness has fully retraced 1.4313/1.4438 correction upleg, losing 1.4300 handle to open 1.4250/1.4200, ahead of possible retest of 1.4156, 18 Apr higher low and key short-term support. On the upside, hourly 20 day MA maintains bears, while 1.4400/38 zone caps.

Res: 1.4340, 1.4366, 1.4405, 1.4438
Sup: 1.4270, 1.4250, 1.4225, 1.4200

GBP/USD

Extends weakness after correction from 1.6341, today’s previous low, was limited at 1.6400 zone, with fresh slide towards 1.6300 support completing hourly head and shoulders pattern, after breaking below neckline at 1.6350 zone. This signal further weakness, currently approaching Fib 76.4% at 1.6300, with break here to open way towards 1.6260/30. Initial resistance lies at 1.6380/1.6400 zone.

Res: 1.6382, 1.6400, 1.6430, 1.6451
Sup: 1.6300, 1.6266, 1.6260, 1.6200

USD/JPY

Undergoes near-term sideways trading after recovery phase from 79.55 low found resistance just under 81.00 barrier, also near Fib 38.2% of 0.8280/79.55 decline. Break here is needed to resume correction towards 81.20/70 next, before bears re-assert, as wider picture outlook remains negative.

Res: 80.83, 80.93, 81.00, 81.20
Sup: 80.50, 80.20, 80.00, 79.55

USD/CHF

Remains in a near-term recovery mode from fresh historical low at 0.8550, with break above bear channel resistance at 0.8680, extending gains to 0.8800 zone so far. Near-term studies remain supportive after corrective pullback found support at 0.8730. Clearance of 0.8800 is sought for fresh leg higher, with 0.8832, previous high and Fib 38.2% seen first, ahead of 0.8850/70 zone. 20 day MA on 4-hour chart maintains near-term bulls.

Res: 0.8795, 0.8830, 0.8850, 0.8870
Sup : 0.8730, 0.8700, 0.8675, 0.8634

 

[WindsorBrokers]

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

EUR/USD

Remains under pressure, with loss of Friday’s low at 1.4314, to test 1.4250 support. Recovery attempt have so far been capped at 1.4375, as near-term studies favor further weakness and below 1.4250 to open 1.4200/1.4156. Hourly 20 day MA maintain near-term bears, with lift above to focus 1.4375 barrier.

Res: 1.4375, 1.4405, 1.4440, 1.4455
Sup: 1.4270, 1.4250, 1.4225, 1.4200

GBP/USD

Trades in a near-term recovery mode after extending weakness to 1.6269, fresh 3-week low. 4-hour 20 day MA currently limiting the upside, as gains failed to sustain gains above 1.6400. Hourly studies still keep some positive tone, with upside break above 1.6415/30 required to signal stronger recovery and open 1.6462 next. On the downside, 1.6360/40 zone offers immediate support, loss of which will return to weakness and re-open 1.6269, possibly 1.6250/30 on a break.

Res: 1.6400, 1.6415, 1.6430, 1.6462
Sup: 1.6360, 1.6340, 1.6300, 1.6269

USD/JPY

Maintains near-term positive tone, after bounce from 79.55 tested 81.00 zone, with subsequent pullback being contained at 80.15. Fresh gains are under way, breaking above 20 day MA and looking for retest of 81.00 zone, break of which is needed to resume recovery and open 81.20 and 81.68 on a break. On the downside, 80.15 underpins the advance.

Res: 80.75, 80.83, 80.93, 81.20
Sup: 80.45, 80.34, 80.15, 80.00

USD/CHF

Reversal from yesterday’s fresh recovery high at 0.8800 zone, left a higher low at 0.8706, ahead of renewed strength, currently breaking through 0.8800. Near-term studies are supportive, with sustained break above 0.8800 to open 0.8830/70 zone next. Hourly RSI, however, is entering oversold zone, with mild correction expected to precede fresh gains. Initial support at 0.8730 needs to hold dips, to maintain positive tone.

Res: 0.8830, 0.8850, 0.8870, 0.8900
Sup : 0.8749, 0.8730, 0.8706, 0.8675

 

[WindsorBrokers]

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

EUR/USD

Near-term price action remains directionless after bounce from 1.4253 fresh low, remains capped at 1.4400 zone Hourly conditions, however, still point to the downside, with loss of 1.4323, recent range floor, expected to trigger fresh weakness towards 1.4269/53 supports. On the upside, lift above 1.4400/40 is needed to improve near-term outlook.

Res: 1.4393, 1.4440, 1.4455, 1.4509
Sup: 1.4349, 1.4323, 1.4300, 1.4269

GBP/USD

Turns the near-term focus lower after correction from 1.6269, yesterday’s fresh low, stalled at 1.6420. Hourly 20 day MA at 1.6380 caps the upside for now, with immediate focus at 1.6324, today’s low, break of which will open 1.6300/1.6269 zone for retest. Loss of the latter would signal fresh leg lower and expose 1.6225, possibly 1.6165 on a break. Upside clearance of 1.6420 is needed to ease bear pressure.

Res: 1.6380, 1.6400, 1.6420, 1.6430
Sup: 1.6324, 1.6300, 1.6269, 1.6225

USD/JPY

Corrects lower after gains from 80.15 higher low failed on approach at 81.00 resistance zone. Near-term tone, however, remains supportive for fresh attack at 81.00/20 barriers, above which would open way for further recovery and expose 81.68. Hourly 20 day MA, currently at 80.45, underpins, while loss of 80.15 would signal an end of recovery attempt.

Res: 80.86, 80.93, 81.20, 81.86
Sup: 80.52, 80.15, 80.00, 79.87

USD/CHF

Reversal from yesterday’s fresh recovery high at 0.8800 zone, left a higher low at 0.8706, ahead of renewed attempt at 0.8800 barrier. Near-term studies are supportive, with sustained break above 0.8800 to open 0.8830/70 zone next. Initial support lies at 0.8730, ahead of 0.8706.

Res: 0.8803, 0.8830, 0.8850, 0.8870
Sup : 0.8749, 0.8730, 0.8706, 0.8675

 

[WindsorBrokers]

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

EUR/USD

Trades in a corrective mode after break below channel support triggered dip to 1.4253 low. Hourly studies remain supportive, with break above 1.4430/40, bull channel trendline / 09 May high, needed to resume correction and open 1.4500 zone. Hourly 20 day MA supports at 1.4390 and RSI at 60 pointing higher. 1.4320 zone offers initial support and potential break here would bring bears back in play for retest of 1.4269/53. Loss of the latter would signal a resumption of short-term downtrend from 1.4938 and open 1.4200 next.

Res: 1.4422, 1.4440, 1.4455, 1.4509
Sup: 1.4382, 1.4320, 1.4300, 1.4269

GBP/USD

Maintains near-term positive tone after finding support at 1.6269, daily 55 day MA. Upside attempts remain capped at 1.6420 zone for now, and break here is sought for fresh recovery towards 1.6460/80. On the downside, initial support lies at 1.6343 and potential loss yesterday’s higher low at 1.6315 would end recovery hopes and expose 1.6269 for retest.

Res: 1.6382, 1.6400, 1.6420, 1.6440
Sup: 1.6343, 1.6315, 1.6300, 1.6269

USD/JPY

Today’s brief break above 81.00 barrier increases potentials for further recovery from 79.55 low, with current pullback expected to reverse above 80.52/45, previous low / trendline support, to keep near-term bulls in play. Sustained break above 81.00/20 is needed to confirm and open 81.60/80 barriers for test. On the downside, loss of 80.45 would delay for 80.15, yesterday’s higher low, break of which would signal an end of the near-term recovery phase.

Res: 81.08, 81.20, 81.68, 81.86
Sup: 80.52, 80.15, 80.00, 79.87

USD/CHF

Corrects yesterday’s rally through 0.8800 barrier that posted fresh high at 0.8821. Trendline connecting 0.8555 and 0.8706, offers immediate support at 0.8785, along with 4-hour 20 day MA at 0.8756, with higher low above 0.8706 required to keep near-term bulls in play. Clear break above 0.8820 zone is needed to confirm and expose 0.8830/50, ahead of strong resistance at 0.8900 zone.

Res: 0.8893, 0.8821, 0.8830, 0.8850
Sup : 0.8785, 0.8753, 0.8730, 0.8706

 

[WindsorBrokers]

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

EUR/USD

Near-term price action remains capped at 1.4420 zone, extending reversal to test 1.4320 support. Hourly studies are pointing lower, but approach to oversold zone may see correction preceding fresh weakness, and below 1.4320/00 to focus 1.4269/53 lows. Only regain of 1.4420/40 would ease immediate bear pressure.

Res: 1.4366, 1.4382, 1.4422, 1.4440
Sup: 1.4300, 1.4269, 1.4253, 1.4204

GBP/USD

Strong rally from 1.6343 support cleared initial resistances at 1.6420/60, to break above 1.6500 barrier and hit fresh one week high at 1.6516. Positive near-term outlook favors further gains, with clearance of 1.6542/73 needed to confirm higher low at 1.6269. On the downside, correction on overbought conditions should be contained at 1.6420/00 to keep near-term bulls in play.

Res: 1.6500, 1.6516, 1.6542, 1.6573
Sup: 1.6420, 1.6400, 1.6343, 1.6315

USD/JPY

Extends recovery phase from 79.55 low after finding support and leaving higher low at 80.61, 4-hour 20 day MA. Sustained break above 81.00 has so far dented 81.20 barrier, break of which is required to open way towards 81.60/80 zone next. Near-term studies remain positive.

Res: 81.31, 81.68, 81.86, 82.25
Sup: 80.90, 80.61, 80.52, 80.15

USD/CHF

Continues to trend higher after shallow correction from 0.8821, fresh recovery high, found footstep at 0.8781, just above 4-hour 20 day MA at 0.8770. Break above 0.8821 briefly tested 0.8830, 27 Apr high, ahead of possible attempt at strong resistance at 0.8890/0.8900 zone. Today’s low at 0.8781 underpins the advance.

Res: 0.8850, 0.8879, 0.8894, 0.8900
Sup : 0.8800, 0.8781, 0.8753, 0.8730

 

[WindsorBrokers]

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

EUR/USD

Continues to travel south after yesterday’s upside rejection at 1.4420 zone. Loss of 1.4250 support extended losses under 1.4200 handle, approaching key short-term support at 1.4156, 18 Apr low. Scope is seen for break below 1.4156 to open fresh leg lower and focus 1.4060/20, 01 Apr/28 Mar low, with corrective bounce on oversold hourly conditions possibly preceding. Immediate resistance lies at 1.4233, with 4-hour 20 day MA, currently at 1.4327, maintaining bears.

Res: 1.4233, 1.4253, 1.4269, 1.4300
Sup: 1.4171, 1.4156, 1.4060, 1.4020

GBP/USD

Remains in short-term downtrend from 1.6745 after yesterday’s strong bounce off 1.6343 stalled at 1.6516, followed by sharp reversal to 1.6320 zone and confirming top at 1.6516. Negative near-term studies favor further weakness through 1.6315/00, to focus 1.6269, 09 May fresh low, below which would open 1.6230 zone for test, ahead of key level at 1.6165. On the upside, 1.6380 caps for now, along with hourly 20 day MA.

Res: 1.6354, 1.6380, 1.6420, 1.6440
Sup: 1.6300, 1.6269, 1.6230, 1.6200

USD/JPY

Maintains near-term bulls off 79.55 low, after yesterday’s close above 81.00 barrier keeping the upside in focus. 81.33 was reached so far, with 81.68/84 seen next. Dynamic support of 20 day MA, currently at 80.74 underpins, ahead of 80.61, yesterday’s higher low that is expected to contain corrective dips.

Res: 81.33, 81.68, 81.84, 82.25
Sup: 80.90, 80.61, 80.52, 80.15

USD/CHF

Continues to trend higher after leaving higher low at 0.8781, extending gains through 0.8830/70 barriers, to retrace over 38.2% of 0.9338/0.8550 downleg and approach strong resistance zone at 0.8890/0.8900. Pullback on overbought conditions faces initial support at 0.8800/0.8780, 20 day MA and yesterday’s higher low, with reversal seen above here to maintain short-term bulls.

Res: 0.8884, 0.8894, 0.8900, 0.8944
Sup : 0.8845, 0.8800, 0.8781, 0.8753

 

[WindsorBrokers]

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

EUR/USD

Dipped below 1.4156 support after being capped at 1.4230, to hit fresh five week low at 1.4122. Corrective bounce faces immediate resistance at 1.4230, ahead of 1.4250/70 and dynamic 20 day MA resistance at 1.43 zone, where a lower high is anticipated for fresh leg lower. Near-term focus is at 1.4020, 28 Mar low.

Res: 1.4233, 1.4253, 1.4269, 1.4300
Sup: 1.4134, 1.4122, 1.4100, 1.4060

GBP/USD

Maintains bearish tone from 1.6745, after yesterday’s strong bounce off 1.6343 stalled at 1.6516, followed by sharp reversal confirming top at 1.6516. Fresh weakness through 1.6300/1.6269 supports has so far tested 1.6226 support zone, with further extension to 1.6165 seen near-term. On the upside 1.6320/80 levels offer resistance, with break above the latter needed to signal further recovery.

Res: 1.6290, 1.6320, 1.6354, 1.6380
Sup: 1.6269, 1.6230, 1.6200, 1.6165

USD/JPY

Trades in a near-term corrective mode after upside rejection at 81.33 and break below 81.00 level. 20-day MA hold dips for now at 80.70, along with 80.61 higher, with reversal here needed to keep immediate bulls intact. Above 81.33 opens 81.68/84 next. On the downside, loss of 80.61 would delay and allow for deeper correction towards 80.15.

Res: 81.33, 81.68, 81.84, 82.25
Sup: 80.75, 80.61, 80.52, 80.15

USD/CHF

Extended rally from 0.8550 record low, to briefly test 0.8900, strong resistance zone that caps the upside for now. Corrective dips should be contained at 0.8845/22 zone, to maintain immediate bull tone, with break through 0.8900 to focus 0.8930/60 barriers, ahead of possible attempt at key short-term resistance at 0.9006.

Res: 0.8902, 0.8930, 0.8960, 0.9006
Sup : 0.8861, 0.8845, 0.8800, 0.8781

 

[Bint_Crusher]

Well this thread died a sudden death.