Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

Extends correction from 1.4122, yesterday’s fresh low, breaking above bear trendline drawn off 1.4900 and clearing initial barriers at 1.4230/50, to attempt at 1.4275, yesterday’s high. Clear break here required to resume recovery and expose 1.4320/66, ahead of key near-term resistance zone at 1.4420/40. Early upside rejection, however, would risk lower top ahead of fresh weakness, with break below 1.4180 to revive for retest of 1.4122. Loss of the latter opens 1.4020 next.

Res: 1.4275, 1.4300, 1.4320, 1.4366
Sup: 1.4183, 1.4134, 1.4122, 1.4100

GBP/USD

Yesterday’s attempts lower have so far been contained by 1.6230 support zone and bull trendline from Jan 2011. Near-term tone, however, remains bearish and keeps focus at 1.6230, break of which would open fresh weakness towards 1.6165, 18 Apr higher low. On the upside, strong resistance lies at 1.6320 zone.

Res: 1.6284, 1.6320, 1.6354, 1.6380
Sup: 1.6230, 1.6200, 1.6165, 1.6100

USD/JPY

Extends reversal lower after failing to sustain gains above 81.00, with double upside failure at 81.33. Loss of 80.70/60 supports turns near-term tone negative for further descend. Key near-term support at 80.15 needs to hold to keep hopes of fresh recovery and possible test of 81.00/33, otherwise, loss of 80.15 would confirm lower high at 81.33 and signal a resumption of the broader downtrend from 85.50.

Res: 80.60, 80.70, 81.08, 81.33
Sup: 80.43, 80.15, 80.00, 79.87

USD/CHF

Maintains strong bull tone from 0.8550 to test 0.8900 resistance so far. The pair is currently trading in consolidative range within 0.8820 and 0.8900, also supported by 4-hour 20 day MA, currently at 0.8825. Immediate scope is seen for fresh attack at 0.8900 barrier, break of which to open 0.8930/60, possibly 0.9000 zone on a break. On the downside, loss of 0.8020 support would delay and allow for deeper reversal, with 0.8800/0.8780 expected to hold.

Res: 0.8872, 0.8902, 0.8930, 0.8960
Sup : 0.8820, 0.8800, 0.8780, 0.8760

 

[WindsorBrokers]

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

EUR/USD

Corrective pullback follows today’s fresh gains through 1.4275/1.4300 barriers, with 1.4338 high seen so far. Near-term bulls came under pressure after breaking below hourly 20 day MA. Supports at 1.4200/1.4183 need to contain dips, to keep near-term bullish outlook intact, otherwise, loss of 1.4183 to confirm lower high at 1.4338 and re-expose1.4122, yesterday’s fresh low. Lift above 1.4338 opens 1.4366, possibly key barriers at 1.4420/40 on a break.

Res: 1.4305, 1.4338, 1.4366, 1.4400
Sup: 1.4200, 1.4183, 1.4134, 1.4122

GBP/USD

Enters near-term sideways trading after broader weakness from 1.6745 high found temporary ground at 1.6230, strong support level, with upside capped at 1.6300/20 zone. Short-term outlook, however, remains bearish and below 1.6230 to focus 1.6165/26, 18 Apr spike low/ 76.4% retracement of 1.5934/1.6745 ascend. On the upside, clear break above 1.6320 is needed to signal fresh recovery towards 1.6375/1.6420.

Res: 1.6286, 1.6320, 1.6375, 1.6420
Sup: 1.6230, 1.6200, 1.6165, 1.6100

USD/JPY

Recovery attempt from 80.33, today’s low, stalled on approach to 81.00 barrier, with subsequent reversal to 80.50 zone. Immediate focus is at 80.33/15, as near-term studies turn negative, and loss of 80.15/00 to signal an end of recovery from 79.55. To ease immediate bear pressure, regain of 81.00/33 is required.

Res: 80.91, 81.08, 81.33, 81.68
Sup: 80.47, 80.33, 80.15, 80.00

USD/CHF

Trades in a corrective mode off fresh high at 0.8902 after reversal found support at 0.8800 zone and subsequent rally regained 0.8900 area. 0.8845/24 zone offers initial support, wit reversal here seen for fresh attack at 0.8900, break of which is sought for resumption of short-term uptrend from 0.8550, to focus 0.8945/0.9007 next. On the downside, loss of 0.8800/0.8780 would delay.

Res: 0.8872, 0.8902, 0.8930, 0.8960
Sup : 0.8845, 0.8824, 0.8800, 0.8780

 

[WindsorBrokers]

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

EUR/USD

Maintains downtrend from 1.49 zone after recovery failure left a lower top at 1.4338 last Friday and fresh weakness broke below 1.4122, previous low and 1.4100 support. To approach near-term target at 1.4020, 28 Mar low. Corrective bounce on oversold hourly conditions faces immediate resistance at 1.4122, previous low and hourly 20 day MA, clearance of which would open way for stronger correction towards 1.4180/1.4220, where a lower high is anticipated. Only break above 1.4338 barrier would sideline near-term bears.

Res: 1.4122, 1.4157, 1.4182, 1.4224
Sup: 1.4046, 1.4020, 1.4000, 1.3980

GBP/USD

Broke below 1.6230/1.6320 consolidation band to extend broader downtrend off 1.6745 through 1.6165, 18 Apr spike low, to post fresh low at 1.6145. Near-term studies remain weak, setting scope for fresh leg lower, with loss of 1.6145 to open 1.6090/80 next. Narrow consolidation is now under way, with further corrective attempts seen limited at 1.6230/70 zone. Only sustained break above 1.6320 would improve near-term outlook.

Res: 1.6210, 1.6230, 1.6286, 1.6320
Sup: 1.6165, 1.6145, 1.6100, 1.6090

USD/JPY

Trades in a sideways mode after upside attempts remain capped at 81.30 and 80.33/15 lows holding the downside. Near-term studies are turning positive, with break above 4-hour 20 day MA at 80.90 to underpin fresh attempt towards 81.30 barrier, break of which is needed to resume recovery from 79.55 towards 81.68/84 next. On the downside, loss of 80.33/15 support zone would turn outlook negative.

Res: 81.06, 81.33, 81.68, 81.84
Sup: 80.62, 80.47, 80.33, 80.15

USD/CHF

Broke above 0.8902 barrier after corrective pullback found support at 0.8796 last Friday and fresh leg higher is currently testing 0.8940, strong resistance zone. Clearance of the latter would open 0.9006, key short-term barrier, ahead of Fib 61.8% of 0.9338/0.8550 at 0.9035. On the downside, initial support lies at 0.8900, while 0.8796 underpins the advance and only loss of the latter to weaken near-term structure.

Res: 0.8944, 0.8960, 0.9006, 0.9035
Sup : 0.8900, 0.8872, 0.8845, 0.8815

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (14:00 GMT)

EUR/USD

Extends bounce from fresh low at 1.4046, currently attempting at 4-hour 20 day MA at 1.4190. Break here is needed to resume recovery and expose 1.4240/60 next, with only break above 1.4338 to open way for stronger correction. Otherwise, see scope for lower top and extension of broader downtrend. Below 1.4046 turns focus at 1.4020, possibly 1.3980 on a break.

Res: 1.4200, 1.4224, 1.4260, 1.4300
Sup: 1.4128, 1.4090, 1.4078, 1.4046

GBP/USD

Trades in a consolidative mode after hitting fresh low at 1.6145 last Friday, with near-term studies pointing higher. Immediate barrier lies at 1.6230, ahead of 20 day MA, currently at 1.6280, where bears should re-assert for continuation of the broader downtrend. Only break above 1.6320 would signal temporary low at 1.6145 and open way for further retracement of 1.6516/1.6145 descend.

Res: 1.6230, 1.6286, 1.6300, 1.6320
Sup: 1.6160, 1.6145, 1.6100, 1.6090

USD/JPY

Comes under renewed pressure after bounce from 80.33 higher low stalled on attempt to break above 81.00 barrier and being capped by 20 day MA. Holding below 81.00/33 keeps the downside in focus, with loss of 80.33/15 is needed to signal fresh weakness under way. Lift above 81.33, current range ceiling, would signal fresh phase higher and extension of recovery attempt from 79.55.

Res: 81.06, 81.33, 81.68, 81.84
Sup: 80.71, 80.62, 80.47, 80.33

USD/CHF

Reverses sharply after failure to clear 0.8940 resistance, losing 0.8900/0.8850 supports and running towards strong support at 0.8796. Hourly studies are deeply in oversold zone, suggesting correction. 4-hour conditions, however, see room for further decline, with immediate risk at 0.8796, also Fib 38.2% of 0.8550/0.8944 ascend, loss of which would open way for deeper correction. On the upside, regain of 0.8900 is needed to improve near-term tone.

Res: 0.8870, 0.8900, 0.8944, 0.8960
Sup : 0.8824, 0.8815, 0.8796, 0.8750

 

[WindsorBrokers]

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

EUR/USD

Maintains positive near-term tone from 1.4046, yesterday’s fresh 7-week low, after recovery attempt stalled at 1.4243 and subsequent pullback found support at 1.4144. Break above 4-hour 20 day MA at 1.4180 and major trendline connecting historical high of 2008 and 2009 peak, that has been lost, is required to open way for fresh attempt at initial resistance at 1.4243, ahead of 1.4338, 13 May high, clearance of which would signal near-term base and expose 1.4420/40, 11/09 May highs and over Fib 38.2% retracement of 1.4938/1.4046 downleg. Failure to clear 1.4243, however, would risk lower top and resumption of 2-week downtrend, with loss of 1.4046 to focus 1.4020 and 1.3980.

Res: 1.4200, 1.4243, 1.4260, 1.4305
Sup: 1.4128, 1.4090, 1.4046, 1.4020

GBP/USD

Short-term downtrend from 1.6745/37, fresh annual highs and highest levels since Nov 2009, has found temporary ground at 1.6145. Near-term recovery is looking for break above 1.6240/53, 4-hour 20 day MA / yesterday’s high, to signal further correction and open 1.6270/85, 09 May low / Fib 38.2% of 1.6516/1.6145 decline, with possible test of key near-term resistance zone at 1.6300/20 seen on a break. On the downside, significant support lies at 1.6155, trendline support off 1.5935, 28 Mar low, ahead of 1.6145, loss of which resumes broader downtrend and opens 1.6125, Fib 76.4% of 1.5935/1.6745 ascend and 1.6090, 05 May low.

Res: 1.6253, 1.6286, 1.6307, 1.6320
Sup: 1.6173, 1.6155, 1.6145, 1.6125

USD/JPY

Maintains short-term positive structure off 79.55, 05 May low, after recovery failure at 81.30 zone and subsequent reversal finding support at 80.33, just ahead of key near-term support at 80.15. Fresh gains broke above 81.33 previous high, signaling further recovery towards 81.68, 02 May high, ahead of Fib 38.2% of 85.50/79.55 downleg at 81.85 and daily 55 day MA at 82.00. Break here is required to open way towards key near-term barriers at 82.80 and 83.09. Yesterday’s low at 80.69, underpins the advance, with potential corrective pullback of overbought hourly conditions expected to hold above 81.00 to maintain immediate bull-tone.

Res: 81.68, 81.85, 82.00, 82.80
Sup: 81.03, 80.69, 80.33, 80.15

USD/CHF
Has retraced Fib 38.2% of the recent recovery leg from 0.8550, 04 May record low, after clearance of 0.8900 barrier failed to sustain gains, stalling at 0.8944. Sharp reversal has so far found support at 0.8798, last Friday’s low, with fresh attempt higher under way. Break above 20 day MA on 4-hour chart at 0.8868 is now required to open 0.8900/44 for retest and above here to continue short-term recovery towards key barrier at 0.9006. Holding above 0.8800 keeps immediate bulls in play, while closing below here would signal temporary top at 0.8944 and allow for stronger reversal.

Res: 0.8868, 0.8900, 0.8944, 0.8960
Sup : 0.8798, 0.8781, 0.8706, 0.8675

 

[WindsorBrokers]

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

EUR/USD

Failed to sustain gains above 1.42 barrier, as recovery attempt stalled at 1.4223, just ahead of yesterday’s high at 1.4243. Subsequent reversal broke below near-term trendline support off 1.4046 low at 1.4145 and yesterday’s low at 1.4128, to post fresh day’s low at 1.4122. Hourly studies are pointing lower, with 1.4100/1.4090 in sight. However, potential reversal above 1.4100 would keep near-term bulls alive for fresh push higher, with regain of 1.4223/43 required to confirm, otherwise, scope is seen for retest 1.4046 and extension of broader bears towards 1.4020/1.3980 on a break.

Res: 1.4160, 1.4175, 1.4223, 1.4243
Sup: 1.4122, 1.4090, 1.4046, 1.4020

GBP/USD

Strong rally from today’s low at 1.6173 has briefly tested 1.63 barrier, ahead of sharp reversal to 1.6188, that nearly full retraced the recent gains. This weakens the near-term structure and turns immediate focus at 1.6180, trendline support and 1.6173/59, previous low, to possibly attack 1.6145 low and resume broader downtrend towards 1.6125/1.6090 on a break. However, higher low above 1.6173 would keep recovery hopes in play, with clearance of 1.6230/55, 20 day MA/Fibonacci level, needed to confirm and re-expose 1.6300/20 resistance zone..

Res: 1.6230, 1.6255, 1.6286, 1.6302
Sup: 1.6188, 1.6173, 1.6155, 1.6145

USD/JPY

Strong reversal on extremely overbought hourly conditions has followed today’s rally through 81.33, previous high and initial target at 81.68, to hit 81.76, where bulls stalled. First support at 81.30 zone has so far been tested, with possible extension towards 81.00 area, where 4-hour 20 day MA is expected to contain dips, ahead of fresh push higher. Only loss of 80.70 higher base would signal an end of recovery attempt and open 80.33/15 instead.

Res: 81.76, 81.85, 82.00, 82.80
Sup: 81.10, 81.03, 80.69, 80.33

USD/CHF

Trades in a near-term recovery mode after an upside rejection at 0.8944 triggered sharp sell-off to retest 0.8798 support zone. Current price action is limited by 4-hour 20 day MA at 0.8870, break of which is needed to resume higher at re-focus 0.8900/44 barriers. Failure to break higher, however, would signal head and shoulders developing on hourly chart, with loss of neckline at 0.88 zone required to complete the pattern and open fresh leg lower.

Res: 0.8880, 0.8900, 0.8944, 0.8960
Sup : 0.8838, 0.8798, 0.8781, 0.8706

 

[WindsorBrokers]

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

EUR/USD

Attempt to form base extended gains from yesterday’s higher low at 1.4120, taking out 1.4243 initial resistance and breaking above near-term bear-channel. Immediate focus is on 1.4338, 13 May high, break of which is required to confirm near-term recovery and open key barriers at 1.4420/40. On the downside, 1.4180, 20 day MA on 4-hour chart, underpins the advance, while loss of 1.4120 weakens the structure.

Res: 1.4305, 1.4338, 1.4400, 1.4420
Sup: 1.4240, 1.4165, 1.4120, 1.4090

GBP/USD

Maintains near-term positive structure from 1.6145 low. Clearance of 1.6300 barrier, that caps the upside for now, is required to resume recovery and open 1.6380/1.6420, while break above key near-term resistance at 1.6516, also Fib 61.8% retracement of 1.67451.6145 decline, is sought to re-focus 1.6700/45 zone. Failure under 1.63, however, risks fresh weakness, with loss of 20 day MA at 1.6220 to attract levels under 1.6200.

Res: 1.6287, 1.6302, 1.6320, 1.6380
Sup: 1.6237, 1.6200, 1.6185, 1.6155

USD/JPY

Near-term price action remains on a back foot after break above 81.35 stalled at 81.76 and subsequent pullback dipped to 81.00 zone, where 20 day MA currently contains dip. Further weakness is looking for test of 80.70, possibly 80.33, loss of which would end hopes of fresh recovery and signal lower top at 81.76, ahead of possible attempt towards 80.00/79.55 zone. To improve immediate tone and re-focus 81.76, regain of 81.40/60 zone is needed

Res: 81.40, 81.60, 81.76, 82.00
Sup: 80.96, 80.69, 80.33, 80.15

USD/CHF

Trades in a near-term consolidative mode after an upside rejection at 0.8944 triggered sharp sell-off to retest 0.8800 support zone. Current price action is limited by 4-hour 20 day MA at 0.8860, break of which is needed to resume gains re-focus 0.8900/44 barriers, otherwise, loss of 0.8800 neckline would signal completion of the hourly head and shoulders pattern and open way for fresh weakness towards 0.8700 area.

Res: 0.8860, 0.8880, 0.8900, 0.8944
Sup : 0.8783, 0.8730, 0.8706, 0.8675

 

[WindsorBrokers]

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

EUR/USD

Corrects the recent 1.4120/1.4285 upleg, to test 1.4200 level for now. To keep immediate bulls in play, holding above 20 day MA at 1.4180, is required. Clearance of 1.4285 would signal a resumption of near-term bulls and open 1.4338 next. On the downside, key near-term support at 1.4120 underpins.

Res: 1.4240, 1.4285, 1.4305, 1.4338
Sup: 1.4165, 1.4120, 1.4090, 1.4046

GBP/USD

Upside rejection under 1.63 barrier has triggered sharp fall through 1.6165 trendline support at 1.6145, previous low, posted on 13 May, to end corrective phase from 1.6145 and resume broader bear trend from 1.6745, 28 Apr annual high. 1.6102 has been tested so far, ahead of 1.6090, 05 Apr low, loss of which would bring focus 1.6000/1.5970. On the upside, 1.6190 offers initial resistance, while only break above 1.6300 would revive bulls.

Res: 1.6159, 1.6173, 1.6185, 1.6237
Sup: 1.6100, 1.6090, 1.6000, 1.5970

USD/JPY

Has found temporary support at 81.00 zone after an upside rejection at 81.76 and subsequent reversal dipped to 80.93. Fresh strength regained 81.40, en-route to 81.76, above which would resume broader bull-trend from 79.55 and look for test of key barriers at 82.80/83.09. Today’s higher low at 80.93, along with 20 day MA, underpins the advance. Only loss of 80.75, trendline support, would weaken the near-term structure.

Res: 81.60, 81.76, 82.00, 82.80
Sup: 81.08, 80.93, 80.69, 80.33

USD/CHF

Failed to complete hourly head and shoulders pattern after brief break below neckline at 0.8800 reversed at 0.8783 and lift above 0.8800 is focusing 4- hour 20 day MA at 0.8853, ahead of 0.8881. Break here is needed to signal an end of corrective phase and re-expose 0.8944. on the downside, 0.8800 zone remains key support.

Res: 0.8853, 0.8881, 0.8900, 0.8944
Sup : 0.8800, 0.8783, 0.8730, 0.8706

 

[WindsorBrokers]

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

EUR/USD

Maintains near-term bull tone from 1.4046, after fresh support was found at 1.4200 zone, with 1.4300 tested so far, ahead of 1.4338, 13 may high. Break here is sought for resumption of near-term recovery phase and possible test of key resistances at 1.4420/40. Trendline off 1.4046, currently at 1.4200, along with 20 day MA, are expected to contain corrective dips and keep immediate bulls in play.

Res: 1.4305, 1.4338, 1.4400, 1.4420
Sup: 1.4250, 1.4211, 1.4194, 1.4120

GBP/USD

Yesterday’s failure to reclaim 1.6300 barrier has triggered reversal through 1.6165/45, trendline support / previous low, to find support at 1.6100. Subsequent bounce regained previous support zone at 1.6150, with break above 1.6200, also 20 day MA, required to signal near-term base and open way for possible retest of 1.6287/1.6300 barriers. Daily outlook, however, is still pointing lower, after loss of 90 day MA at 1.6200, with main trendline support at 1.6060 in sight.

Res: 1.6185, 1.6200, 1.6237, 1.6287
Sup: 1.6135, 1.6100, 1.6090, 1.6060

USD/JPY

Trades off highs at 81.80 zone after minor pullback was contained at 81.50, 20 day MA. Immediate scope is seen for clearance of 81.80/82.00 barriers, to resume short-term uptrend from 79.55 and focus key levels at 82.80/83.09. On the downside, 81.50/33 zone underpins while break below 81.00/85 would delay.

Res: 81.79, 82.00, 82.80, 83.09
Sup: 81.50, 81.28, 81.08, 80.93

USD/CHF

Remains in sideways trading after break below 0.8800 strong support zone, was contained by daily 20 day MA at 0.8765. Current price action is limited within 0.8840/0.8765 range, with break of either side to define near-term direction.

Res: 0.8814, 0.8840, 0.8853, 0.8881
Sup : 0.8765, 0.8730, 0.8706, 0.8675

 

[WindsorBrokers]

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

EUR/USD
Near-term price action remains capped at 1.4300 zone, today’s high / daily 55 day MA, after renewed attempt higher stalled on approach to 1.4300 and subsequent pullback looking for test of near-term range bottom at 1.4200 zone, 20 day MA, today/18 May low, also 38.2% Fibonacci retracement of 1.4046/1.4300 upleg. Break here would signal near-term top at 1.4300 and further reversal towards 1.4175/45, 50% / 61.8%, where a higher low is seen to maintain bulls from 1.4046. Reversal above 1.4200, however, would prompt fresh attack at 1.4300/38, key near-term barriers.

Res: 1.4294, 1.4305, 1.4338, 1.4400
Sup: 1.4205, 1.4194, 1.4120, 1.4090

GBP/USD

Trades in a narrow range after bounce from 1.6100 support failed to break above 1.6200, 20 day MA. While the latter caps, immediate scope is for retest of 1.6100 support and extension of a broader downtrend towards 1.6090 initially. Above 1.6200, strong resistance lies at 1.6280/1.6300 zone, daily 55 day MA / 17/18 May highs..

Res: 1.6205, 1.6250, 1.6287, 1.6302
Sup: 1.6130, 1.6100, 1.6090, 1.6060

USD/JPY

Maintains short-term bulls from 79.55 after correction from 81.76, 17 May high, found footstep at 81.52 and fresh rally cleared 81.76 and 82.00, daily 55 day MA, to test 90 day MA at 82.18 so far. Immediate focus is at 82.80, 27 Apr high and 200 day MA, break of which would turn broader outlook bullish and open way for possible attempt at 85.50, key short-term barrier. Hourly / 4-hour studies are in overbought zone, warning of corrective pullback. Strong support lies at 81.80 zone.

Res: 82.50, 82.80, 83.09, 83.77
Sup: 81.80, 81.50, 81.28, 81.08

USD/CHF

Fresh strength has emerged from 0.8794, today’s low / daily 20 day MA, after downside failure to sustain break under 0.88.00, strong support zone. Clearance of 0.8842, yesterday’s high, extended gains towards 0.8880, break of which is required to confirm higher low at 0.8764 and open way for test of key near-term barrier at 0.8944. Overbought hourly conditions, however, suggest correction, with 0.8820/15 zone expected to contain dips. Dynamic support, 20 day MA, currently at 0.8825, underpins the advance.

Res: 0.8881, 0.8900, 0.8944, 0.9007
Sup : 0.8842, 0.8820, 0.8795, 0.8764

 

[WindsorBrokers]

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

EUR/USD

Turned the focus higher again after corrective pullback from 1.4300 was contained at 1.4200 zone. Fresh strength through 1.43 barrier has briefly tested 1.4338, 13 May high, break of which would open key near-term resistances at 1.4420/40, 11/09 May highs, over Fib 38.2% retracement of 1.4938/1.4046 downleg and confirm bottom at 1.4046. Near-term studies remain supportive, with 20 day MA at 1.4240, maintaining uptrend.

Res: 1.4338, 1.4400, 1.4422, 1.4440
Sup: 1.4293, 1.4250, 1.4205, 1.4194

GBP/USD

Remains in a narrow consolidative range after fresh gains from 1.6100 stalled at 1.6240. Hourly conditions keep upside favored, with break above 1.6300, upper border of the recent 1.6100/1.6300 range, sought for fresh leg higher, to target 1.6375/1.6420 and possible attack at key near-term barrier at 1.6516. On the downside, 1.6200/1.6180 zone offers initial support, while loss of 1.6137 would weaken near-term structure.

Res: 1.6240, 1.6287, 1.6302, 1.6375
Sup: 1.6200, 1.6180, 1.6137, 1.6100

USD/JPY

Near-term bulls remain firmly in play while market holding above 81.33, previous high, now reverted to support and corrective pullback from 82.20 contained at 81.46. Upside clearance of 82.20 is required to open way towards 82.80/83.09 next. 20 day MA at 81.55 underpins, while loss of 81.40/30 would delay for 81.00 test.

Res: 82.00, 82.20, 82.80, 83.09
Sup: 81.60, 81.46, 81.33, 81.08

USD/CHF

Trades in corrective mode from 0.8944, 13 May high but short-term bulls from 0.8550 remain intact as long as 0.8800 strong support zone holds. Upside clearance of 0.8875 is required to re- focus 0.8944, break of which to signal fresh recovery phase. Loss of 0.8800/0.8780, however, would weaken near-term structure and turn focus towards 0.8700 zone.

Res: 0.8842, 0.8875, 0.8900, 0.8944
Sup : 0.8800, 0.8764, 0.8706, 0.8675

 

[WindsorBrokers]

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

EUR/USD

Completed the ascending wedge pattern off 1.4046, breaking trendline support at 1.4244 and losing series of supports, to test 1.4046, 16 May previous low and daily 55 day MA. Break here would signal an end of recovery phase and fresh extension of the broader downtrend from 1.4938, yearly high, and turn focus towards supports at 1.4020, 1.3900 and 1.3860/50. Near-term conditions are oversold, suggesting bounce, with immediate resistance at 1.4120/40 zone and lower high sought below 1.4200, to maintain short-term bears.

Res: 1.4100, 1.4120, 1.4140, 1.4200
Sup: 1.4039, 1.4020, 1.3980, 1.3900

GBP/USD

Continues to trade in a consolidative range within 1.6100/1.6300 after reversal from 1.6745, fresh high, found temporary ground at 1.6100 zone. Immediate outlook keeps the focus at the downside after last Friday’s upside rejection at 1.6300 and latest attempt through trendline support at 1.6185, to open way towards 1.6130, possibly to retest 1.6100 on a break. On the upside, clearance of 1.6200/30 is required to signal fresh strength and re-expose range ceiling at 1.6300 for retest. Above 1.6300 to open 1.6380/1.6420, while loss of 1.6100 to signal a resumption of downtrend from 1.6745 and possibly open 1.5935, 28 Mar low for test.


Res: 1.6215, 1.6232, 1.6275, 1.6302
Sup: 1.6158, 1.6130, 1.6100, 1.6090

USD/JPY

Maintains near-term bulls while holding above 81.33, previous high, and trendline support off 79.55, currently at 81.15. Brief break above daily 55/90 day MA’s at 81.95/82.15, suggests further gains towards 82.80/83.09 barriers. Only break below 81.15 would weaken immediate bull structure and open way for deeper reversal towards 80.93/69.

Res: 82.00, 82.20, 82.80, 83.09
Sup: 81.50, 81.33, 81.15, 80.93

USD/CHF

Trades in corrective mode from 0.8944, 13 May high but short-term bulls from 0.8550 remain intact as long as 0.8800 strong support zone holds. Upside clearance of 0.8850/75 is required to re- focus 0.8944, break of which to signal fresh recovery phase. Loss of 0.8800/0.8780, however, would weaken near-term structure and turn focus towards 0.8700 zone.

Res: 0.8853, 0.8875, 0.8900, 0.8944
Sup : 0.8800, 0.8764, 0.8706, 0.8675

 

[WindsorBrokers]

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

EUR/USD

Extends fresh weakness from 1.4344, last Friday’s recovery high, losing 1.4046/20 supports to probe levels under 1.4000. Corrective bounce on oversold hourly conditions was so far capped by 14 day MA at 1.4040, with further correction seen towards 1.4110/50, as hourly studies started gaining momentum. However, near-term outlook remains negative, favoring further slide through 1.4000 and 1.3968, today’s low, to target 1.3900/1.3860/50.

Res: 1.4040, 1.4075, 1.4093, 1.4110
Sup: 1.4000, 1.3968, 1.3900, 1.3860

GBP/USD

Dipped from 1.6300, last Friday’s high and near-term range ceiling, breaking through 1.6166/30 supports, to retest 1.6100, range floor. Losses have so far been contained here, but negative near-term studies keep break below 1.6100 favored and below here to target 1.5970 and strong support at 1.5935. Oversold hourly conditions, however, suggest that corrective bounce may precede fresh leg lower. Immediate resistances lie at 1.6130/50, while only regain of 1.62 zone would ease bear pressure.

Res: 1.6130, 1.6150, 1.6200, 1.6215
Sup: 1.6100, 1.6090, 1.6030, 1.6000

USD/JPY

Keeps bulls from 79.55, 05 May low, in play after pullback from 82.22, fresh high posted on 19 May found support at 81.31, 12 may previous high. Fresh attempt high needs to clear 82.00/22 to resume gains towards 82.80/83.09 next. Downside remains supported at 81.31 and 81.15, main short-term trendline support.

Res: 81.89, 82.00, 82.20, 82.80
Sup: 81.65, 81.31, 81.15, 80.93

USD/CHF

Fresh strength from 0.8755/45, today/last Friday’s lows, attempts through 0.8840, trendline drawn off 0.8944, 13 May fresh 5-week high, to focus 0.8975, break of which is required to confirm higher low and open way for retest of key near-term barrier at 0.8944. Hourly 20 day MA at 0.8800 and trendline support at 0.8765, underpin the advance.

Res: 0.8875, 0.8900, 0.8944, 0.9007
Sup : 0.8800, 0.8765, 0.8706, 0.8675

 

[WindsorBrokers]

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

EUR/USD

Trades in a near-term corrective mode after losing ground last Friday and yesterday’s losses through 1.4046/1.4020 supports, send the pair to fresh 2-month low at 1.3968. Recovery has so far reached 1.4085, after regaining momentum above 1.4000. Near-term focus is at 1.4120/35 zone initially. Next comes 20 day MA on 4-hour, currently at 1.4167, ahead of 1.4200, 61.8% retracement of 1.4344/1.3968 downleg, above which and 1.4230 would open way towards 1.4344. Broader picture from 1.4938, however, remains bearish and only reclaim of 1.4344/1.4440 would improve. On the downside, 1.4000 offers immediate support, while below 1.3968 fresh leg lower would look for test of 1.3900, possibly 1.3860/50 on a break.

Res: 1.4085, 1.4093, 1.4120, 1.4135
Sup: 1.4036, 1.4000, 1.3968, 1.3900

GBP/USD

Maintains short-term bearish tone after upside being limited at 1.6300 and fresh weakness from here broke below 1.6100, near-term range support, to signal fresh phase lower of broader descend from 1.6745, annual high. Loss of 1.6000 handle would open way towards 1.5950, Feb/Mar consolidative range floor. Current recovery attempt off 1.6057, overnight’s fresh low, has so far regained 1.6130 barrier, ahead of 1.6166, with 20 day MA at 1.6180 and 1.6200 zone expected to cap for now.


Res: 1.6166, 1.6200, 1.6215, 1.6232
Sup: 1.6100, 1.6090, 1.6057, 1.6030

USD/JPY

Keeps bulls from 79.55, 05 May low, in play after pullback from 82.22, fresh high posted on 19 May found support at 81.31, 12 May previous high. Upside clearance of 82.07/22 barriers is needed to resume gains towards 82.80/83.09 next. Downside remains supported at 81.31 and 81.15, main short-term trendline support.

Res: 82.07, 82.20, 82.80, 83.09
Sup: 81.31, 81.15, 80.93, 80.69

USD/CHF

Break above triangle resistance at 0.8840 and 0.8878, 19 May lower high, stalled on approach to 0.8900 level, and subsequent reversal finding temporary support at 0.8810, 4-hour 20 day MA. Key near-term supports lie at 0.8780, trendline off 0.8550 and 0.8750 zone, loss of which would suggest a lower top at 0.8890 and open way towards 0.8700 zone next. Holding above 0.8800 zone, however, keeps hopes of fresh attack at 0.8900/44 and possible extension of corrective phase from 0.8550.

Res: 0.8890, 0.8900, 0.8944, 0.9007
Sup : 0.8810, 0.8780, 0.8750, 0.8706

 

[WindsorBrokers]

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

EUR/USD

Extends near-term recovery off 1.3968, yesterday’s fresh low, regaining 1.4100 handle, also 38.2% retracement of 1.4938/1.3968 decline and approaching initial barriers at 1.4120/35. Dynamic resistance of 20 day MA comes at 1.4150 and break here would signal further recovery towards 1.4200/30 zone. However, wider picture shows broader uptrend being seriously eroded, after reversing near 50% of 1.2872/1.4938 ascend, with fresh weakness towards 1.3860/1.3750 zone seen favored, while 1.4300 zone caps.

Res: 1.4115, 1.4120, 1.4135, 1.4200
Sup: 1.4069, 1.4036, 1.4000, 1.3968

GBP/USD

Corrects the latest leg lower from 1.6300 after temporary support was found at 1.6060, longer-term trendline support, drawn off 1.4230. Regain of 1.6100, previous range floor, extended gains near 1.6180, 50% retracement of 1.6303/1.6057 decline, also 20 day MA on 4- hour chart. However, short-term outlook remains bearish while 1.6300 limits the upside, with daily Ichimoku studies showing the pair breaking below the cloud, and loss of 1.6057 needed to confirm and open way towards 1.5935 next.

Res: 1.6177, 1.6200, 1.6215, 1.6232
Sup: 1.6113, 1.6090, 1.6057, 1.6030

USD/JPY

Keeps bulls from 79.55, 05 May low, in play after pullback from 82.22, fresh high posted on 19 May found support at 81.31, 12 May previous high. Upside clearance of 82.07/22 barriers is needed to resume gains towards 82.80/83.09 next. Immediate support lies at 81.61, today’s higher low 81.30 zone, previous high/low and trendline support, underpins the advance.

Res: 82.20, 82.80, 83.09, 83.30
Sup: 81.61, 81.31, 81.15, 80.93

USD/CHF

Break above triangle resistance at 0.8840 and 0.8878, 19 May lower high, stalled on approach to 0.8900 level, and subsequent reversal finding temporary support at 0.8800 zone. This threats trendline support at 0.8780, and 0.8750, previous lows, loss of which would suggest a lower top at 0.8890 and open way towards 0.8700 zone next. Holding above 0.8800/0.8780 zone, however, keeps hopes of fresh attack at 0.8900/44 and possible extension of corrective phase from 0.8550.

Res: 0.8830, 0.8863, 0.8890, 0.8900
Sup : 0.8780, 0.8750, 0.8706, 0.8675

 

[WindsorBrokers]

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

EUR/USD

Near-term tone came under pressure again after recovery attempt from fresh low at 1.3968 stalled at 1.4135 resistance. Break below 1.4100 handle opened fresh losses towards 1.4000, psychological support and 1.3968, loss of which would signal fresh phase lower of the broader downtrend from 1.4938. Significant support comes at 1.3904, Fib 50% retracement of 1.2872/1.4938 upleg, ahead of 1.3850 zone, mid-March lows. On the upside, 20 day MA on 4-hour chart, currently at 1.4107, maintains near-term bears, while trendline off 1.4938, currently at 1.4190, limits the upside for now.

Res: 1.4132, 1.4200, 1.4230, 1.4259
Sup: 1.4000, 1.3968, 1.3904, 1.3850

GBP/USD

Maintains short-term bears off 1.6745 high, after break below 1.6100, the recent range floor, extended to 1.6057, and subsequent bounce ran out of steam at 1.6200 zone. Renewed attempt below main trendline support, drawn from 1.5404 and currently standing at 1.6140, would signal fresh weakness under way, with break below 1.6100/1.6057 to expose 1.5950/35 zone, previous range bottom. Immediate barriers lie at 1.6180/1.6200 zone, while only break above 1.6300 would improve near-term structure.

Res: 1.6178, 1.6207, 1.6215, 1.6232
Sup: 1.6113, 1.6090, 1.6057, 1.6030

USD/JPY

Continues to trade in 81.30/82.20 consolidative range after recovery from 79.55, 05 May low, was capped at 82.20. Short-term uptrend from 79.55, however, remains intact while main trendline support, currently at 81.40 and 81.30, range floor holds, with clearance of 82.20 sought for fresh leg higher, to focus 82.80/83.09, 27/20 Apr highs, also near Fib 61.8% retracement of 85.50/79.55 decline, break of which to confirm higher low at 79.55 and re-focus 85.50.

Res: 82.20, 82.80, 83.09, 83.30
Sup: 81.61, 81.31, 81.15, 80.93

USD/CHF

Remains on the back foot near-term, after false break above triangle resistance has seen sharp reversal below 0.8800, to test main trendline off 0.8550, record low of 04 May, also Fib 38.2% of 0.8550/0.8944 ascend. Break here would signal top at 0.8944 and focus 0.8745, 20 May low / 50% retracement, ahead of 0.8706/00, 10 may low / 61.8% retracement. To avert immediate downside risk, 0.8860/90 zone must be regained.

Res: 0.8812, 0.8830, 0.8863, 0.8890
Sup : 0.8780, 0.8750, 0.8706, 0.8675

 

[WindsorBrokers]

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

EUR/USD

Near-term price action was capped just under 1.4100 level, maintaining negative tone from 1.4135, yesterday’s high. Immediate focus is on 1.4014/00, then 1.3985, daily 100 day MA and 1.3968, previous low, loss of which to trigger fresh weakness towards strong support at 1.3904, Fib 50% retracement of 1.2872/1.4938 upleg. On the upside, regain of 1.4100/35 is required to improve near-term structure and open 1.4200/30 for test.

Res: 1.4093, 1.4106, 1.4132, 1.4200
Sup: 1.4014, 1.4000, 1.3968, 1.3904

GBP/USD

Eases the near-term bear pressure after holding above main trendline support at 1.6140, after fresh strength regained 1.6200 and extended gains to 1.6257 so far. Overbought hourly conditions suggest pullback before attempt at key near-term barrier and range ceiling at 1.6300 zone, break of which would signal near-term base and possible extension towards 1.6400 zone. Hourly 20 day MA at 1.6185, maintains rally, while only loss of 1.6140/30 support area would weaken the structure.

Res: 1.6257, 1.6275, 1.6300, 1.6375
Sup: 1.6200, 1.6165, 1.6140, 1.6130

USD/JPY

Continues to trade in 81.30/82.20 consolidative range after recovery from 79.55, 05 May low, was capped at 82.20. Short-term uptrend from 79.55, however, remains intact while main trendline support, currently at 81.46 and 81.30, range floor holds, with clearance of 82.20 sought for fresh leg higher, to focus 82.80/83.09, 27/20 Apr highs, also near Fib 61.8% retracement of 85.50/79.55 decline, break of which to confirm higher low at 79.55 and re-focus 85.50.

Res: 82.20, 82.80, 83.09, 83.30
Sup: 81.78, 81.61, 81.31, 81.15

USD/CHF

Remains on the back foot near-term, after false break above triangle resistance has triggered sharp reversal below 0.8800, that broke below main trendline off 0.8550, record low of 04 May, also Fib 38.2% of 0.8550/0.8944 ascend. Fresh losses reached 0.8735 so far, over 50% retracement. Next targets lie at 0.8700 zone, 61.8% retracement / 10 May low, below which would signal possible end of recovery attempt from 0.8550. To ease immediate bear pressure, regain of 0.8800 zone is required.


Res: 0.8780, 0.8800, 0.8812, 0.8830
Sup : 0.8735, 0.8706, 0.8675, 0.8644

 

[WindsorBrokers]

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

EUR/USD

Extends the near-term advance from 1.3968 after initial gains were capped at 1.4130 and subsequent correction found footstep just above 1.4000 level. Overnight’s rally through 1.4130 barrier and trendline resistance at 1.4169, focuses 1.4200, Fib 61.8% retracement of 1.4344/1.3968 downleg and 1.4231/59, 20 May intraday highs, with lower top seen under 1.4300 zone, where daily 55 day MA caps. Break above 1.4344, 20 May high, however, would signal fresh recovery phase and open 1.4420/40. On the downside, 1.4130 offers initial support, ahead of 1.4065 and key near-term support zone at 1.4026/10, loss of which would turn bearish.

Res: 1.4188, 1.4200, 1.4231, 1.4259
Sup: 1.4130, 1.4065, 1.4026, 1.4010

GBP/USD

Maintains positive tone off 1.6057, 24 May fresh low, after holding gains above med-term trendline at 1.6140, and rallying through 1.6300, key near-term barrier. Immediate pullback from fresh high at 1.6333, on overbought hourlies, is seen corrective, with initial support at 1.6250 and higher low anticipated above 1.6200, to maintain near-term bullish structure. Break above 1.6333 to target 1.6377/1.6420.

Res: 1.6333, 1.6377, 1.6400, 1.6420
Sup: 1.6250, 1.6210, 1.6200, 1.6165

USD/JPY

Eases below 82.00 after upside remains capped at 82.20, with dips contained above 81.60, initial support. Downside for now remains protected at 81.60/55, 24 May low / main short-term trendline support, but clearance of 82.20 is needed to resume gains from 79.55 and open 82.80/83.09 next. Otherwise, further sideways near-term trading would be the likely scenario.

Res: 82.20, 82.80, 83.09, 83.30
Sup: 81.66, 81.61, 81.55, 81.31

USD/CHF

Weakens further the near-term structure after 0.8880/90 zone capped recovery attempts and fresh weakness confirmed lower top at 0.8890 after break below triangle support at 0.8787 extended losses through 0.8746/06 supports, to probe the levels under 0.8700, Fib 61.8% of 0.8550/0.8944 upleg. Immediate focus is at 0.8675/45, with possible attack at 0.8550, record low, seen near-term. Bounce on oversold hourly conditions is seen corrective while 0.8800 zone caps.


Res: 0.8746, 0.8780, 0.8800, 0.8812
Sup : 0.8694, 0.8675, 0.8645, 0.8600

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (14:00 GMT)

EUR/USD

Steadies above main trendline off 1.4938, to briefly test 1.4200, Fibonacci level. Break here to open 1.4231/59 next. Caution of hourly studies approaching overbought zone, with potential pullback ideally to reverse at 1.4130/00 zone, to maintain immediate bulls. Hourly 20 day MA at 1.4140 underpins.

Res: 1.4202, 1.4231, 1.4259, 1.4300
Sup: 1.4145, 1.4130, 1.4100, 1.4065

GBP/USD

Clear break above 1.6300 barrier brings near-term bulls fully in play. Initial target at 1.6378 tested so far, with 1.6400/20 in sight and test of 1.6516, key near-term resistance not ruled out. Possible pullback on overbought hourly conditions should be contained above 1.6200, to keep focus higher.

Res: 1.6378, 1.6400, 1.6420, 1.6462
Sup: 1.6334, 1.6300, 1.6273, 1.6250

USD/JPY

Extended reversal after upside failure at 82.20, with sharp fall losing trendline support at 81.55 and strong level at 81.31, to mark over 38.25 retracement of 79.55/82.20 ascend, dipping close to 81.00 support zone. Near-term tone has turned negative, focusing 80.90/60 next, while 81.60 zone limiting the upside for now.

Res: 81.31, 81.50, 81.60, 81.90
Sup: 81.14, 81.00, 80.90, 80.60

USD/CHF

Ends hopes for further recovery after 0.8880/90 zone capped the upside and fresh weakness confirmed lower top at 0.8890 after break below triangle support at 0.8787 extended losses through 0.8746/06 supports, to probe the levels under 0.8700, Fib 61.8% of 0.8550/0.8944 upleg, to reach 0.8646, so far. This brings record low at 85.50 in near-term focus, with corrective attempts seen capped at 0.8730/50 for now.

Res: 0.8716, 0.8730, 0.8746, 0.8780
Sup : 0.8646, 0.8600, 0.8586, 0.8550

 

[WindsorBrokers]

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

EUR/USD

Extends higher after yesterday’s rejection at 1.4200 zone and strong reversal under 1.4100, found support at 1.4067, where the fresh strength emerged. Clearance of 1.4200/30/59 barriers focuses 1.4300/44 next, with 1.4277 seen so far, ahead of pullback on overbought hourly conditions. Immediate support lies at 1.4200, with dynamic 20 day MA support currently at 1.4165, where a higher low is anticipated to maintain near-term bulls. However, clearance of key near-term barrier at 1.4344, 20 May high / near Fib 38.2% retracement of 1.4938/1.3968 decline / daily 55 day MA, is sought to signal base and open way for further recovery towards 1.4420/40 resistance zone. Failure under 1.4344, however, would risk lower top and resumption of the broader downtrend from 1.4938, with loss of 1.4065, yesterday’s low / trendline off 1.3968, needed to confirm.

Res: 1.4277, 1.4300, 1.4344, 1.4400
Sup: 1.4200, 1.4170, 1.4125, 1.4100

GBP/USD

Continues to trend higher after break below 1.6100 found support at 1.6057 and subsequent rally broke above 1.6300, recent range ceiling / daily 55 day MA, clearing 1.6400/20 barriers, en-route to key near-term resistance at 1.6515. Break here is required to mark a higher low at 1.6057 and possibly re-focus 1.6700/45 zone for retest. Correction on overbought near-tern conditions is likely, with 1.6300 zone, now reverted to support, expected to contain dips, to keep near-term bulls in play.

Res: 1.6462, 1.6500, 1.6516, 1.6542
Sup: 1.6378, 1.6334, 1.6300, 1.6273

USD/JPY

Has sidelined the recent recovery phase after near-term price action was capped at 82.20 and subsequent reversal broke below significant supports at 81.55, main trendline and 81.31, 12 May high / 23 May low, to extend losses below 81.00 handle to 80.87 so far, also Fib 50% retracement of 79.55/82.20 upleg. Near-term picture is bearish and favors further weakness towards 80.55, 61.8% and 80.33/15 lows, ahead of possible return to 79.55, on a break. Oversold hourly conditions, however, suggest bounce, with initial resistance at 81.15 and 81.44 capping for now.

Res: 81.15, 81.31, 81.44, 81.60
Sup: 80.87, 80.55, 80.33, 80.15

USD/CHF

Upside rejection under 0.8900 has left a lower high, ahead of sharp decline, to fully retrace the recent 0.8550/0.8944 upleg. Brief break below 0.8550 posted fresh historical low at 0.8531 and confirmed a continuation of the long-term downtrend, with 0.8944 marking a lower high. Bounce on extremely oversold hourly studies is under way, with initial resistances at 0.8615/60, ahead of 0.8700 zone.

Res: 0.8600, 0.8615, 0.8660, 0.8675
Sup : 0.8560, 0.8550, 0.8531, 0.8500