Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

Has regained momentum from 1.3968, to approach 1.3944, 20 May previous high / 38.2% retracement of 1.4938/1.3968 downleg. Gains were so far capped at 1.4330 zone by daily 55 day MA, with pullback expected to find ground above 1.4200 zone, to maintain immediate bulls. Clearance of 1.4344 is required to confirm recovery and open fresh leg higher towards 1.4420/40 resistance zone. Failure to break above 1.4344, however, risks lower top and extension of the downtrend from 1.4938 and potential loss of 1.4080/70, trendline support / 26 May higher low, to focus 1.4000/1.3968 next.

Res: 1.4305, 1.4325, 1.4344, 1.4400
Sup: 1.4256, 1.4200, 1.4170, 1.4125

GBP/USD

Remains well supported above 1.6400 zone, previous range ceiling, with latest rally attempting at 1.6516, key short-term barrier. Corrective pullback on overbought near-term conditions is expected to reverse above 1.6400/1.6380, previous low / 4-hour 20 day MA, ahead of fresh attempt higher. Clear break above 1.6516, to focus 1.6570/80, 04 May high / 76.4%b retracement of 1.6745/1.6057. Loss of 1.6400/1.6380 support zone, would delay immediate bulls and allow for stronger correction into 1.6340/1.6300 zone.

Res: 1.6501, 1.6516, 1.6542, 1.6573
Sup: 1.6460, 1.6400, 1.6380, 1.6334

USD/JPY

Remains at the back foot as upside rejection at 82.20 and fresh decline through trendline support at 81.55 and 80.93 previous low, extended losses to 80.70, strong support, so far. Near-term consolidation is seen here, before fresh leg lower to focus 80.33/15, ahead of psychological support at 80.00 and possible extension lower, to target 79.55, 05 May low. On the upside, 81.10, daily 20 day MA offers immediate resistance and potential break here to signal fresh near-term recovery. However, regain of 82.00/20 zone, daily 55 / 90 day MA / previous high, is needed to confirm.

Res: 80.94, 81.10, 81.28, 81.44
Sup: 80.70, 80.33, 80.15, 80.00

USD/CHF

Maintains strong bear-tone after minor recovery from previous record low at 0.8531 was capped by hourly 20 day MA at 85.90 zone and fresh weakness extended through 0.831 and important support at 0.8500, post new all-time low at 0.8463. Bounce on oversold hourly conditions, faces immediate barrier at 0.8530/50 zone, with regain of minimum 0.8600 needed to ease immediate bear pressure.

Res: 0.8531, 0.8550, 0.8593, 0.8660
Sup : 0.8500, 0.8463, 0.8450, 0.8400

 

[WindsorBrokers]

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

EUR/USD

Maintains bull tone from 1.3968, 23 may low, after narrow consolidation from yesterday’s high at 1.4325 was contained above 1.4250. Fresh strength through 1.4325, previous high / daily 55 day MA, has emerged above daily Ichimoku cloud at 1.4370 and so far tested 1.4400 barrier, posting new 3-week high at 1.4405. Immediate scope is seen for test of 1.4422/40, 11/09 May highs, also Fib 50% retracement of 1.4938/1.3968 downleg, break of which would open 1.4500/65, 05/06 May lows / Fib 61.8%, next. Overbought near-term conditions, however, warn of corrective pullback, with 1.4340 zone offering immediate support and 1.4250 area, yesterday’s low / 20 day MA on 4-hour chart, expected to hold dips to keep bulls in play.

Res: 1.4405, 1.4422, 1.4440, 1.4500
Sup: 1.4340, 1.4300, 1.4256, 1.4200

GBP/USD

Continues to trend higher from 1.6057, 24 May fresh 3-week low, after yesterday’s marginal break above 1.6500 barrier stalled at 1.6510, just under strong resistance at 1.6516, with shallow correction finding support at 1.6550, ahead of fresh push higher. Lift above 1.6500 and clearance of 1.6516 now focuses 1.6550/73, 03/04 May highs and 1.6581, 76.4% retracement of 1.6745/1.6057 descend, with possible attempt at 1.6700/45 high seen on a break. Correction on overbought hourly / 4-hour conditions should be contained at 1.6450/00 zone, to maintain positive tone.

Res: 1.6545, 1.6573, 1.6581, 1.6600
Sup: 1.6505, 1.6450, 1.6400, 1.6380

USD/JPY

Returns to strength after upside rejection at 82.20 zone triggered reversal. Support was found at 80.70, 16 May low and Fib 61.8% retracement of 79.55/82.20 ascend, with fresh strength breaking above 81.30/60 barriers. Clearance of 81.90/82.08, daily 55/90 day MA’s and previous top at 82.20 is required to confirm higher low and resume uptrend from 79.55, with 82.61, 200 day MA and 82.80/83.09 seen on a break. Failure under 82.20, however, risks lower top and continuation of the short-term downtrend from 85.51.

Res: 81.88, 82.00, 82.08, 82.20
Sup: 81.44, 81.12, 81.00, 80.70

USD/CHF

Maintains strong bear-tone after minor recovery from previous record low at 0.8531 was capped by hourly 20 day MA at 85.90 zone and fresh weakness extended through 0.831 and important support at 0.8500, post new all-time low at 0.8463. Bounce on oversold hourly conditions, faces immediate barrier at 0.8530/50 zone, with regain of minimum 0.8600 needed to ease immediate bear pressure. On the downside, loss of 0.8463 would open 0.8400 next.

Res: 0.8538, 0.8550, 0.8593, 0.8660
Sup : 0.8506, 0.8485, 0.8463, 0.8450

 

[WindsorBrokers]

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

EUR/USD

Maintains bull tone from 1.3968, 23 May low, after narrow consolidation from yesterday’s high at 1.4325 was contained above 1.4250. Fresh strength through 1.4325, previous high / daily 55 day MA, has emerged above daily Ichimoku cloud at 1.4370 and so far tested 1.4400 barrier, posting new 3-week high at 1.4422. Further gains are seen towards 1.4440, 09 May highs, also Fib 50% retracement of 1.4938/1.3968 downleg, break of which would open 1.4500/65, 05/06 May lows / Fib 61.8%, next. Immediate support lies at 1.4365/25 zone, while holding above 1.4250 maintains immediate bear tone.

Res: 1.4422, 1.4440, 1.4500, 1.4564
Sup: 1.4365, 1.4325, 1.4300, 1.4256

GBP/USD

Extended rally from 1.6057 through 1.6516, 11 May high, to post fresh 3-week high at 1.6546, ahead of shallow correction. This now signals a possible end of corrective phase from 1.6745, with immediate focus at 1.6573/81, 04 May high / 76.4% retracement of 1.6745/1.6057, ahead of final attempt at 1.6700/45 resistance zone. Corrective dips are seen supported at 1.6400, while only loss of 1.6300 would weaken the near-term structure.

Res: 1.6546, 1.6573, 1.6581, 1.6600
Sup: 1.6450, 1.6400, 1.6380, 1.6300

USD/JPY

Trades in a narrow congestive range after fresh rally from 80.70 support reached fresh high of the week at 81.76. Near-term outlook remains supportive but clearance of 81.90/82.20, strong resistance zone, daily 55/90 day MA and previous high, is sought for fresh rally towards 82.60, 200 day Ma and 82.80/83.09, 27/20 Apr highs. Upside rejection under 82.20, however, would risk lower top and continuation of the short-term downtrend from 85.51.

Res: 81.76, 81.88, 82.00, 82.08
Sup: 81.44, 81.12, 81.00, 80.70

USD/CHF

Holds above fresh historical lows at 0.8460 zone, but upside remains capped at 0.8550 zone, previous low / 4-hour 20 day MA, for now. Clearance of 0.8550/ 0.8600 is required to ease bear pressure and signal fresh recovery phase towards 0.8645/0.8700, Fib 38.2% / 50% of 0.8944/0.8463 downleg and 0.8800, trendline resistance, otherwise fresh leg lower through 0.8463 towards 0.8400 initially, would be the likely scenario.

Res: 0.8543, 0.8584, 0.8593, 0.8645
Sup : 0.8520, 0.8500, 0.8490, 0.8463

 

[WindsorBrokers]

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

EUR/USD

Break above 1.4400 barrier struggled at 1.4440, 09 May high, just ahead of Fib 50% retracement of 1.4938/1.3968 at 1.4450, with immediate pullback probing under 1.4400 zone, also hourly 20 day MA. Loss of initial support at 1.4400 would signal stronger correction, as hourly studies started to point lower., with supports at 1.4360/25, and key one at 1.4250, 30 May low / Fib 38.2% of 1.3968/1.4400. Holding above 1.4400 would keep near-term focus higher, with clearance of 1.4440/50 to open 1.4500 zone and Fib 61.8% at 1.4584.

Res: 1.4442, 1.4500, 1.4564, 1.4584
Sup: 1.4400, 1.4360, 1.4325, 1.4300

GBP/USD

Corrects the latest rally through 1.6500/16 barriers, after gains stalled at 1.6546. Downside loss of 1.6500/1.6450 supports has so far tested 1.6420 zone, but while holding above 1.6400, 27 May lows, near-term outlook remains supportive for fresh attempt towards 1.6500/46, break of which would open 1.6573/81, 04 May high / 76.4% retracement of 1.6745/1.6057, ahead of final attempt at 1.6700/45 resistance zone.

Res: 1.6500, 1.6546, 1.6573, 1.6581
Sup: 1.6439, 1.6422, 1.6400, 1.6380

USD/JPY

Maintains positive near-term tone after pullback from yesterday’s strong rally high at 81.76 was contained above 81.00 level, also 4-hour 20 day MA. Immediate focus lies at 81.55/76, above which would look for test of barriers within 81.90 and 82.60, 55 / 90 / 200 day MA. Only loss of 80.70 would weaken tone for 80.33/15.

Res: 81.55, 81.76, 81.88, 82.00
Sup: 81.14, 81.00, 80.70, 80.33

USD/CHF

Remains in a consolidative mode above fresh historical lows at 0.8460 zone, with upside limited at 0.8550 zone. Clearance of 0.8550/ 0.8600 is required to ease bear pressure and signal fresh recovery phase towards 0.8645/0.8700, Fib 38.2% / 50% of 0.8944/0.8463 downleg and 0.8800, trendline resistance, otherwise fresh leg lower through 0.8463 towards 0.8400 initially, would be the likely scenario.

Res: 0.8544, 0.8584, 0.8593, 0.8645
Sup : 0.8512, 0.8500, 0.8490, 0.8463

 

[WindsorBrokers]

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

EUR/USD

Hovers at 1.4400 zone after fresh strength from 1.4360 stalled near 1.4450, 50% retracement of 1.4938/1.3968 downleg. Near-term structure remains positive while 1.4400/1.4360 supports hold, as the wider picture outlook points higher, with break above 1.4450 sought for fresh extension towards 1.4500 and 1.4565, Fib 61.8% retracement.

Res: 1.4446, 1.4500, 1.4564, 1.4584
Sup: 1.4383, 1.4360, 1.4325, 1.4300

GBP/USD

Extends reversal from 1.6546, yesterday’s fresh 3-week high, after losing 1.6400 handle, with 1.6375 seen so far. Immediate outlook turned bearish, with scope for downside attempt at 1.6360, Fib 38.2% and 1.6330, while loss of 1.6300 support to signal short-term top, ahead of fresh weakness. On the upside, regain of 1.6500 is needed to re-focus 1.6546 and signal an end of corrective phase. Above 1.6546 to open 1.6573/81 next.

Res: 1.6422, 1.6500, 1.6546, 1.6573
Sup: 1.6375, 1.6360, 1.6330, 1.6300

USD/JPY

Weakens the near-term tone after pullback from yesterday’s strong rally high at 81.76 lost 81.00 handle, breaking below daily Ichimoku cloud, to hit 80.80, just above key near-term support at 80.70. Loss of the latter would signal lower top at 81.76 and possible retest of 80.33/15 support levels. On the upside, reclaim of 81.76 is needed to open 81.90/82.20, strong resistance zone for test.

Res: 81.50, 81.76, 81.88, 82.00
Sup: 80.80, 80.70, 80.33, 80.15

USD/CHF

Starts fresh leg lower after minor recovery attempt from 0.8463, previous record low was capped at 0.8550 zone and subsequent fall extended losses through 0.8463, to approach 0.8400 target. Negative near-term studies keep further extension lower favored but extremely oversold hourly studies suggest correction. Immediate resistance lies at 0.8463, while only break above 0.8550 would improve near-term tone.

Res: 0.8463, 0.8500, 0.8544, 0.8584
Sup : 0.8400, 0.8350, 0.8300, 0.8250

 

[WindsorBrokers]

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

EUR/USD

Yesterday’s upside rejection at Fib 50% of 1.4938/1.3968 at 1.4450 zone has triggered strong reversal to 1.4300, where support was found for fresh leg higher. Break above 1.4450 has signaled an end of corrective phase and opened way for extension of the broader uptrend, towards psychological level at1.4500 and 1.4565/85, Fib 61.8% / 06 May highs. Corrective pullback on overbought hourly conditions should be contained at 1.4400/1.4380 zone, to maintain immediate bull tone.

Res: 1.4485, 1.4500, 1.4565, 1.4585
Sup: 1.4405, 1.4381, 1.4350, 1.4306

GBP/USD

Remains in a near-term downtrend, following an upside rejection at 1.6545, with subsequent 3-leeged pullback extending losses to 1.6300 zone, Fib 50% retracement of 1.6057/1.6545 upleg. Bounce above 1.6400 was short-lived, as gains stalled at 1.6416, and fresh weakness to 1.6350 zone so far, attempting to leave lower top. However, break below 1.6315/05, daily 55 day MA and today’s low, is needed to confirm and open way towards 1.6250, 90 day MA and Fib 61.8% level. Only regain of 1.6416/40 zone would ease near-term bear pressure.

Res: 1.6400, 1.6416, 1.6440, 1.6494
Sup: 1.6315, 1.6305, 1.6250, 1.6210

USD/JPY

Maintains negative short-term tone after recovery attempt from 80.70 failed on approach to strong resistance zone at 81.90/82.20. Reversal under 80.70 has so far tested Fib 61.8% of 79.55/82.20 ascend at 80.60, keeping the pressure to the downside and looking for test of 80.33/15, possibly 80.00/79.55 on a break. 20 day MA at 81.10 offers immediate resistance, while regain of 81.76 improves the near-term outlook

Res: 81.10, 81.31, 81.50, 81.76
Sup: 80.55, 80.33, 80.15, 80.00

USD/CHF

Opens the fresh phase lower after minor recovery attempt from 0.8463, previous record low was capped at 0.8550 zone and subsequent fall extended losses through 0.8400, to post fresh all-time low at 0.8381. Negative near-term studies keep further weakness favored, as corrective attempts were capped at 0.8450. Only regain of 0.8550 zone would ease current bear pressure.


Res: 0.8432, 0.8451, 0.8463, 0.8500
Sup : 0.8400, 0.8350, 0.8300, 0.8250

 

[WindsorBrokers]

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

EUR/USD

Consolidates the recent strong gains after rally from 1.4306, yesterday’s higher low briefly broke above important 1.4500 barrier, to reach 1.4516 level, last time seen beginning of May. Overall picture remains bullish, with focus on 1.4565, Fibonacci level and 1.4581, 06 May high. Overextended near-term studies, however, see scope for correction before fresh attempt higher. Initial support lies at 1.4450/00 zone and dynamic 55 day MA support at 1.4355, underpinning the advance. Only loss of 1.4300 handle would sideline immediate bulls in favor of deeper correction towards 1.4250 zone, 30 May higher platform, also near 50% of 1.3968/1.4516 ascend.


Res: 1.4516, 1.4565, 1.4581, 1.4600
Sup: 1.4456, 1.4401, 1.4344, 1.4306

GBP/USD

Trades in a sideways mode after the recent reversal from 1.6545 found temporary support at 1.6304, but upside remains capped at 1.6400 zone. The near-term outlook would keep the negative tone while holding below 1.6400/20, with break here needed to resume gains and signal higher low. On the downside, daily 55 day MA at 1.6320, ahead of key near-term support at 1.6300, also daily 20 day MA, are key, with loss of the latter to resume short-term downtrend from 1.6545.

Res: 1.6379, 1.6400, 1.6416, 1.6440
Sup: 1.6332, 1.6320, 1.6305, 1.6250

USD/JPY

Maintains negative short-term tone after recovery attempt from 80.70 failed on approach to strong resistance zone at 81.90/82.20. Reversal under 80.70 has so far tested Fib 61.8% of 79.55/82.20 ascend at 80.60, keeping the pressure to the downside and looking for test of 80.33/15, possibly 80.00/79.55 on a break. 20 day MA at 81.10 offers immediate resistance, while regain of 81.76 improves the near-term outlook

Res: 81.00, 81.10, 81.31, 81.50
Sup: 80.55, 80.33, 80.15, 80.00

USD/CHF

Trades in a narrow consolidative range above fresh historical low at 0.8381. Upside remains limited at 0.8465 zone, 27/31 May low, also 20 day MA, with potential break here to allow further correction into 0.8500 zone, before fresh leg lower, as overall structure remain negative. Only regain of trendline resistance at 0.8765 would offer relief.

Res: 0.8432, 0.8451, 0.8463, 0.8500
Sup : 0.8400, 0.8381, 0.8350, 0.8300

 

[WindsorBrokers]

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

EUR/USD

Maintains last Friday’s strong gains sparked by disappointing US jobs data, to extend gains above 1.4600 barrier and currently consolidating around 1.4650 level. Near-term studies remain supportive, but overbought 4-hour conditions suggest a pause in the recent gains and possible correction of 200 pips rally, seen on Friday. Hourly 20 day MA at 1.4612 offers immediate support, ahead of 1.4560, with 1.4450, Friday’s consolidation range floor, expected to contain dips. On the upside, 1.4685 and 1.4720/50 are seen next.

Res: 1.4685, 1.4700, 1.4720, 1.4750
Sup: 1.4621, 1.4610, 1.4592, 1.4560

GBP/USD

Maintains recent strong gains after rally from 1.6300 zone hit 1.6460. Consolidation above 1.6400 is under way, with clearance of 1.6460/1.6500 needed to confirm higher low at 1.6285 and open way for test of 1.6546, 31 May high, as daily outlook regains momentum. Immediate support lies at 1.6400 zone, with 20 day MA underpinning at 1.6380.

Res: 1.6448, 1.6460, 1.6494, 1.6514
Sup: 1.6409, 1.6385, 1.6360, 1.6330

USD/JPY

Extends losses off 82.20 high after upside rejection left a lower top at 81.76 and fresh weakness broke through 80.70/33 supports, to briefly test key psychological support at 80.00. Corrective/consolidative attempts were capped at 80.40 zone, with possible extension to 80.70, previous low and 20 day MA, before reversal. On the downside, initial support lies at 80.00, with break here to open way for test of 79.5505 May low, possibly 79.06 on a break.

Res: 80.38, 80.50, 80.70, 81.00
Sup: 80.15, 80.00, 79.55, 79.06

USD/CHF

Undergoes narrow consolidation after extending losses overnight to post fresh record low at 0.8326. Some action higher may be seen as overextended near-term studiers see scope for correction, however, upside remains capped at 0.8400/50 for now.


Res: 0.8356, 0.8370, 0.8400, 0.8420
Sup : 0.8326, 0.8300, 0.8250, 0.8200

 

[WindsorBrokers]

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

EUR/USD

Trades in a corrective consolidative mode after hitting fresh one month high at 1.466 today. Initial support at 1.4600 zone holds dips for now, but 4-hour studies still in overextended territories and further correction into 1.4560/20 zone is not ruled out, before bulls reassert. Key near-term support lies at 1.4450 and only break here to delay immediate bulls. On the upside, clearance of 1.4656 to focus 1.4700/20.

Res: 1.4656, 1.4685, 1.4700, 1.4720
Sup: 1.4592, 1.4560, 1.4520, 1.4500

GBP/USD

Corrects rally from 1.6285, last Friday’s low that peaked at 1.6460 overnight, to retrace over 38.2% at 1.6381 so far, after losing 1.6400 handle. 20 day MA on 4-hour chart, currently at 1.6370, offers good support and holding above here keeps near-term positive tone in play for fresh attempt at 1.6459, break of which would open 1.6500 next. On the downside, 1.6300 zone remains key near-term support.

Res: 1.6441, 1.6460, 1.6494, 1.6514
Sup: 1.6381, 1.6360, 1.6330, 1.6300

USD/JPY

Maintains negative short-term tone off 82.20, as fresh leg lower from 81.76, 31 May lower top has tested psychological barrier at 80.00. Corrective attempts on oversold near-term studies were initially capped at 80.40 zone, with possible extension to 80.70, previous low and 20 day MA, before reversal. On the downside, clear break of 80.00 opens way for test of 79.55, 05 May low, possibly 79.06 on a break.

Res: 80.38, 80.50, 80.70, 81.00
Sup: 79.96, 79.55, 79.06, 78.82

USD/CHF

Trades in a corrective mode after extending losses overnight to post fresh record low at 0.8326. Some action higher may be seen as overextended near-term studiers see scope for correction, however, upside remains capped at 0.8400/50 for now.


Res: 0.8384, 0.8400, 0.8420, 0.8444
Sup : 0.8326, 0.8300, 0.8250, 0.8200

 

[WindsorBrokers]

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

EUR/USD

Returns to strength after yesterday’s close under 1.4600 and downside extension to 1.4560 zone, where support was found. Fresh rally, regaining momentum through 1.4600 barrier, approaches yesterday’s high at 1.4657, break of which is sought for resumption of the boarder uptrend and focus 1.4700/20 next. Hourly studies are supportive, with 20 day MA at 1.4600 zone, underpinning the latest advance. Only loss of 1.4560 support would signal a pause in the recent gains and open way for possible stronger correction into 1.4520/1.4450 zone.

Res: 1.4642, 1.4656, 1.4685, 1.4700
Sup: 1.4600, 1.4560, 1.4520, 1.4500

GBP/USD

Near-term price action maintains negative tone as recovery attempt from 1.6285, 03 Jun low, stalled at 1.6459, and subsequent reversal tested levels just above 1.6300. However, wider picture bullish outlook remains intact while 1.6285 holds, but clearance of 1.6459 is required to signal higher low and fresh attempt at 1.6546. Otherwise, upside rejection under 1.6459 would suggest further retracement of reversal from 1.6546, and below 1.6300/1.6285, to focus 1.6200/1.6160 zone.

Res: 1.6406, 1.6459, 1.6494, 1.6546
Sup: 1.6323, 1.6300, 1.6285, 1.6252

USD/JPY

Trades in a narrow consolidative range after decline from 82.20/81.76 highs tested 80.00 support. Near-term picture remains bearish, with corrective attempts seen capped at 80.70 zone. Loss of 80.00, psychological level, also near Fib 38.2% of 79.32/85.50 upleg, would signal further weakness towards 79.55/79.06 next.

Res: 80.38, 80.50, 80.70, 81.00
Sup: 79.96, 79.55, 79.06, 78.82

USD/CHF

Remains under pressure after recovery attempt from fresh historical low at 0.8326 was capped at 0.8384, followed by fresh weakness. Holding above 0.8326, would keep near-term basing attempt in play, however, break above 0.8400/20 is needed to ease immediate bear pressure. On the downside, loss of 0.8326, would open 0.8300/0.8250 next.

Res: 0.8362, 0.8384, 0.8400, 0.8420
Sup: 0.8326, 0.8300, 0.8250, 0.8200

 

[WindsorBrokers]

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

EUR/USD

Continues to trend higher after leaving a higher low at 1.4560 yesterday, with fresh gains through 1.4656, previous high, extending to 1.4680 so far. Near-term studies are supportive but overextended, suggesting corrective/consolidative action ahead of attempt at targets at 1.4700/17, Fib 76.4% / 05 May high, then 1.5750 zone, 03 May lows. Hourly 20 day MA at 1.4615, maintains immediate bull tone, with support at 1.4560 zone, expected to contain dips.

Res: 1.4680, 1.4700, 1.4720, 1.4750
Sup: 1.4647, 1.4600, 1.4560, 1.4520

GBP/USD

Improves the near-term outlook after today’s bounce from 1.6323, day’s low, exceeded previous high at 1.6459, with subsequent correction being contained above 1.6400. Hourly studies see scope for fresh attempt higher, with clearance of today’s high at 1.6471 sought for possible attempt at 1.6500/46. Downside remains supported at 1.6400/1.6380 for now and only loss of the latter to weaken the near-term structure for possible test of 1.6300 zone, key short-term support.

Res: 1.6471, 1.6494, 1.6546, 1.6573
Sup: 1.6408, 1.6380, 1.6352, 1.6323

USD/JPY

Trades in a narrow consolidative range after decline from 82.20/81.76 highs tested 80.00 support. Short-term structure remains bearish, with corrective attempts seen capped at 80.70 zone. Loss of 80.00, psychological level, also near Fib 38.2% of 79.32/85.50 upleg, would signal further weakness towards 79.55/79.06 next.

Res: 80.38, 80.50, 80.70, 81.00
Sup: 79.96, 79.55, 79.06, 78.82

USD/CHF

Remains under pressure after recovery attempt from fresh historical low at 0.8326 was capped at 0.8384, followed by fresh weakness. The latest bounce higher, after retesting 0.8326, signals possible near-term basing attempt in play, as overextended daily studies see potential for correction, however, break above 0.8400/20 is needed to ease immediate bear pressure. On the downside, loss of 0.8326, would open 0.8300/0.8250 next.

Res: 0.8384, 0.8400, 0.8420, 0.8450
Sup: 0.8326, 0.8300, 0.8250, 0.8200

 

[WindsorBrokers]

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

EUR/USD

Extends bull trend from 1.3968, 23 May low, to approach 1.4700 zone, where the targets lie at 1.4705/20, Fib 76.4% / 05 May intraday high, ahead of 1.4754, 03 May low. Positive tone remains intact, but extended 4-hour studies suggest correction. Main near-term support lies at 1.4560, with potential break here to delay in favor of stronger pullback into 1.4520/1.4450 zone. Only loss of key short-term support at 1.4300 would signal an end recovery phase from 1.3968.

Res: 1.4694, 1.4705, 1.4720, 1.4750
Sup: 1.4642, 1.4600, 1.4560, 1.4520

GBP/USD

Holds near-term positive structure from 1.62858 after yesterday’s bounce from 1.6323 higher low exceeded previous high at 1.6460 and hit fresh high at 1.6471. While current corrective pullback holds above 20 day MA, currently at 1.64 zone, scope exists for fresh attempt through 1.6500, towards 1.6546, 31 May high, break of which would open way for possible retest of key barrier at 1.6745 in a short-term. Main trendline support at 1.6367, maintains short-term bulls..

Res: 1.6453, 1.6471, 1.6494, 1.6546
Sup: 1.6404, 1.6367, 1.6352, 1.6323

USD/JPY

Extends short-term downtrend from 82.20/81.76 highs, losing 80.00 handle, with 79.74 seen so far, just ahead of key support at 79.55, 05 May low. Loss of the latter to signal an end of recovery phase and confirm lower top at 82.20, ahead of fresh weakness towards 79.06 next. Some corrective action may be seen on oversold near-term studies, with initial resistance at 80.30 zone and 80.70 expected to cap.

Res: 80.26, 80.38, 80.50, 80.70
Sup: 79.74, 79.55, 79.06, 78.82

USD/CHF

Remains under pressure after recovery attempt from fresh historical low at 0.8326 was capped at 0.8384, followed by fresh weakness. The latest bounce higher, after retesting 0.8326, signals possible near-term basing attempt in play, as overextended daily studies see potential for correction, however, break above 0.8400/20 is needed to ease immediate bear pressure. On the downside, loss of 0.8326, would open 0.8300/0.8250 next.

Res: 0.8389, 0.8400, 0.8420, 0.8450
Sup: 0.8326, 0.8300, 0.8250, 0.8200

 

[WindsorBrokers]

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

EUR/USD

Corrects the latest upleg from 1.4560 higher low, as gains lost traction just under 1.4700 barrier. Break of 20 day MA at 1.4615 and brief probe below 1.4600 handle may open way for extension towards 1.4660, key near-term support, loss of which would signal near-term top ahead of stronger reversal towards 1.4520/1.4450, near Fib 50% / 61.8% of 1.4306/1.4697 ascend. Higher low above 1.4560, however, would signal a resumption of short-term uptrend, with clearance of 1.4700//20 needed to confirm and expose 1.4750 next.

Res: 1.4687, 1.4695, 1.4705, 1.4720
Sup: 1.4600, 1.4560, 1.4520, 1.4450

GBP/USD

Pullback from 1.6471, today’s high, is currently attempting through main trendline support off 1.6057, at 1.6366, sidelining the near-term positive tone in favor of possible attempt at 1.6323/1.6285, key near-term supports, loss of which would signal an extension of downtrend from 1.6546, 31 May high and turn focus towards 1.6250/00 zone. On the upside, 1.6400, today’s intraday low / 20 day MA, is expected to cap.

Res: 1.6388, 1.6400, 1.6453, 1.6471
Sup: 1.6323, 1.6300, 1.6285, 1.6250

USD/JPY

Extends short-term downtrend from 82.20/81.76 highs, after break below 80.00 psychological support reached 79.68, just ahead of key support at 79.55, 05 May low. Loss of the latter to signal an end of recovery phase and confirm lower top at 82.20, ahead of fresh weakness towards 79.06 next. Some corrective action may be seen on oversold near-term studies, with initial resistance at 80.30 zone and 80.70 expected to cap.

Res: 80.00, 80.26, 80.38, 80.50
Sup: 79.68, 79.55, 79.06, 78.82

USD/CHF

Trades in a narrow consolidative mode, just above 83.25, fresh all-time low, with near-term outlook still under pressure, as 0.8400 zone caps. Overextended daily studies see potential for stronger correction, with break above 0.8400/50 needed to ease immediate bear pressure. On the downside, loss of 0.8325, would open 0.8300/0.8250 next.

Res: 0.8389, 0.8400, 0.8420, 0.8450
Sup: 0.8325, 0.8300, 0.8250, 0.8200

 

[WindsorBrokers]

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

EUR/USD

Extends pullback from 1.4695, 07 June fresh high, to test key near-term support at 1.4660. Subsequent bounce is for now limited at 1.4630, 20 day MA, with break here sought for retest of 1.4695 and 1.4705/20/54, next targets. Near-term bulls remain in play while 1.4560 holds and only break here to weaken the structure for deeper correction into 1.4520/1.4450.

Res: 1.4638, 1.4687, 1.4695, 1.4705
Sup: 1.4563, 1.4520, 1.4500, 1.4450

GBP/USD

Yesterday’s false break below main trendline support has seen strong bounce above 1.6400, with 1.6440 zone tested so far. However, regain of 1.6471 is required to confirm strength and resume gains towards 1.6500/46 barriers, above which to open way towards year’s high at 1.6745. Failure under 1.6471 would risk return to key support zone at 1.6300/1.6285.

Res: 1.6453, 1.6471, 1.6500, 1.6546
Sup: 1.6388, 1.6347, 1.6323, 1.6300

USD/JPY

Corrective attempt from 79.68, yesterday’s fresh low, regained 80.00 handle but gains so far limited at 80.30 zone. Near-term studies are turning positive and suggest further correction, with break above 80.30 to focus 80.70 zone, previous lows / 55 day MA, where bears are expected to re-assert for fresh leg lower. Only regain of 81.76 would improve the short-term outlook. On the downside, loss of 79.68, opens 79.55, then 79.06.

Res: 80.29, 80.38, 80.50, 80.70
Sup: 79.96, 79.68, 79.55, 79.06

USD/CHF

Trades in a narrow consolidative mode, just above 0.8325, fresh all-time low, with near-term outlook still under pressure, as 0.8400 zone caps. Overextended daily studies see potential for stronger correction, with break above 0.8400/50 required to ease immediate bear pressure. On the downside, loss of 0.8325 would open 0.8300/0.8250 next.

Res: 0.8378, 0.8389, 0.8400, 0.8420
Sup: 0.8345, 0.8325, 0.8300, 0.8250

 

[WindsorBrokers]

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

EUR/USD
Near-term tone turns negative after upside failure at 1.4650 triggered sharp fall through strong support at 1.4560, to test 1.4500 zone, ahead of next significant support at 1.4450, 03 June low. Hourly studies in oversold zone suggest bounce, with immediate barrier at 1.4560, now reverted to resistance, ahead of 1.4590, while only regain of 1.4650 improves the near-term outlook.

Res: 1.4560, 1.4590, 1.4650, 1.4687
Sup: 1.4450, 1.4413, 1.4400, 1.4345

GBP/USD

Renewed attempt at 1.6471 barrier has failed at 1.6465, with subsequent reversal pushing through trendline support at 1.6395, en-route to 1.6347, yesterday’s low. Break here would confirm near-term top at 1.6370 zone and expose key short-term supports at 1.6300/1.6285, loss of which would confirm lower top at 1.6546 and open way for fresh leg lower. Dynamic supports lie at 1.6330, daily 55 day MA and 1.6263, 90 day MA. Corrective actions are seen limited at 1.6400 for now.

Res: 1.6400, 1.6438, 1.6456, 1.6471
Sup: 1.6347, 1.6323, 1.6300, 1.6285

USD/JPY

Continues to trade in a narrow range after corrective attempt from 79.68, yesterday’s fresh low, regained 80.00 handle but gains so far limited at 80.30 zone. Near-term studies see scope for further correction, with break above 80.30 to focus 80.70 zone, previous lows / 55 day MA, where bears are expected to re-assert for fresh leg lower. Only regain of 81.76 would improve the short-term outlook. On the downside, loss of 79.68, opens 79.55, then 79.06.

Res: 80.29, 80.38, 80.50, 80.70
Sup: 79.96, 79.68, 79.55, 79.06

USD/CHF

Breaks above the recent narrow consolidative range above fresh all-time low at 0.8326, to test immediate barrier at 0.8450, break of which is sought for fresh correction towards 0.8500/50 zone, also near Fib 38.2% of 0.8944/0.8325 downleg. On the downside, 0.8400/0.8380 zone offers initial support, along with 20 day MA, currently at 0.8365, underpinning the recent advance.

Res: 0.8444, 0.8451, 0.8500, 0.8550
Sup: 0.8400, 0.8380, 0.8345, 0.8325

 

[WindsorBrokers]

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

EUR/USD

Remains in a near-term downtrend off 1.4695, 08 June high, with today’s loss of 1.4500 handle, now looking for test of 1.4450, strong support zone, also near Fib 61.8% of 1.4306/1.4695 upleg. Break here to confirm short-term top and open way towards daily 55 day MA at 1.4395 and key support zone at 1.4300. Correction on oversold hourly studies is seen limited by 1.4550/60, along with 4-hour 20 day MA, currently at 1.4600, maintaining near-term bear-tone.

Res: 1.4500, 1.4550, 1.4560, 1.4590
Sup: 1.4464, 1.4450, 1.4400, 1.4345

GBP/USD

Break below main trendline and loss of supports at 1.6350, 08 June low and 1.6330/23, daily 55 day MA / 07 June low, confirms near-term negative structure, as double failure at 1.6471 barrier triggered sharp sell-off. Current test of key short-term supports at 1.6300/1.6285 would confirm lower top on a break and open 1.6250/00 levels next. Upside attempts are seen capped at 1.6400 zone for now.

Res: 1.6323, 1.6350, 1.6386, 1.6400
Sup: 1.6285, 1.6250, 1.6200, 1.6160

USD/JPY

Bounce from fresh low at 79.68 has regained 80.00 handle, to briefly extend above weekly high at 80.30 zone, but gains stalled at 80.45, ahead of reversal to 80.00 zone. 4-hour outlook sees scope for possible attempt higher, while holding above 20 day MA at 80.00 zone, but regain of 80.45/70 is required to confirm, otherwise, fresh weakness towards 79.55/06 levels would be the likely scenario.

Res: 80.30, 80.45, 80.55, 80.70
Sup: 79.96, 79.68, 79.55, 79.06

USD/CHF

Remains constructive above 0.8325 record low, as fresh gains reclaimed 0.8440/50 previous highs and downside supported at 0.8395, overnight’s low and 0.8375, 20 day MA. Further price action is seen towards 0.8500/44 levels, as daily indicators started pointing higher. Caution of near-term studies approaching overbought zone, as corrective action may precede fresh rally.

Res: 0.8444, 0.8451, 0.8500, 0.8550
Sup: 0.8395, 0.8380, 0.8345, 0.8325

 

[WindsorBrokers]

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

EUR/USD

Maintains negative tone after Friday’s loss of strong support at 1.4450 and sharp fall towards 1.4300, key short– term support. The pair is currently in a near-term consolidative phase after closing at 1.4330 on Friday and posting fresh low at 1.4320 overnight. Hourly chart regains momentum and attempt to break above 20 day MA that would signal correction, as near-term studies are in oversold zone. Upside looks capped at 1.4450/1.4500 for now, as wider picture studies point to the downside, with loss of daily 55 day MA, looking for attempt through 1.4300, to possibly test 1.4250 zone, 30 May lows / Fib 61.8% of 1.3968/1.4695 ascend.

Res: 1.4375, 1.4400, 1.4450, 1.4470
Sup: 1.4320, 1.4306, 1.4260, 1.4245

GBP/USD

Extended losses from 1.6471, clearing key short-term support at 1.6300 zone and Fib 61.8% of 1.6057 / 1.6545 upleg at 1.6244, to test levels just above 1.6200 handle. Current narrow consolidation at 1.6230/40 zone would likely precede fresh weakness, as near-term structure remains negative. However, oversold conditions may trigger further corrective action, with strong barrier at 1.6300/20 expected to cap. Below 1.6200 focus comes at 1.6131, 25 May low, ahead of possible full retracement and test of 1.6057, seen near-term.

Res:1.6257, 1.6300, 1.6323, 1.6350
Sup: 1.6214, 1.6200, 1.6160, 1.6131

USD/JPY

Corrective action from 79.68, 08 May fresh one-month low, regained 80.00 handle, extending gains above 80.45, Friday’s high, to hit 80.68, ahead of pullback. Hourly 20 day MA is expected to hold, to maintain near-term positive structure, for possible attempt at 81.00/31 zone next. On the downside, loss of 80./30/20 support area would risk fresh weakness towards 80.10/00, below which would turn bearish and expose 79.68/55, possibly 79.06 on a break.

Res: 80.55, 80.70, 81.00, 81.31
Sup: 80.30, 80.25, 80.10, 80.00

USD/CHF

Remains constructive above 0.8325 record low, as fresh gains reclaimed 0.8440/50 previous highs while 0.8395, Friday’s low / 20 day MA holds. Further price action is seen towards 0.8500/44 levels, as daily indicators started pointing higher.

Res: 0.8450,0.8466, 0.8500, 0.8550
Sup: 0.8414, 0.8395, 0.8380, 0.8345

 

[WindsorBrokers]

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

EUR/USD

Extends correction from today’s low at 1.4320, to approach 1.4400 level. Hourly studies remain supportive for further gains into 1.4450/1.4500 zone, where a lower top is lower top is seen ahead of fresh leg lower. Loss of strong support zone at 1.4300 would open 1.4250, 30 May lows / Fib 61.8% of 1.3968/1.4695 ascend. On the upside, break above 1.4500 would ease bear pressure, but clearance of 1.4550/60 is required to confirm higher low at 1.4320.

Res: 1.4390, 1.4400, 1.4450, 1.4460
Sup: 1.4350, 1.4320, 1.4306, 1.4250

GBP/USD

Has found near-term support just above 1.6200, ahead of fresh rally through 1.6300 barrier, to retrace 50% of 1.6465/1.6215 downleg at 1.6340. Ideally, lower top at this point, as 4-hour 20 day and daily 55 day MA’s are attempting to cap, ahead of fresh leg lower, would be the scenario for continuation of short-term downtrend from 1.6646. Initial supports lie at 1.6250, today’s intraday low, ahead of triangle support at 1.6223 and today’s low at 1.6214, loss of which would open 1.6131 next. Only break above Fibonacci level at 1.6370 and Friday’s high at 1.6380 would confirm recent price action and re-open 1.6400/70 zone for test.

Res:1.6343, 1.6357, 1.6370, 1.6380
Sup: 1.6250, 1.6223, 1.6214, 1.6200

USD/JPY

Corrective action from 79.68, 08 May fresh one-month low, regained 80.00 handle, extending gains above 80.45, Friday’s high, to hit 80.68, ahead of pullback. Hourly 20 day MA is expected to hold, to maintain near-term positive structure, for possible attempt at 81.00/31 zone next. On the downside, loss of 80./30/20 support area would risk fresh weakness towards 80.10/00, below which would turn bearish and expose 79.68/55, possibly 79.06 on a break.

Res: 80.46, 80.70, 81.00, 81.31
Sup: 80.25, 80.10, 80.00, 79.68

USD/CHF

Corrective attempt from 83.25 record low has extended above of 0.8444, 09 June previous high, but rally was short-lived, as gains stalled at 0.8466 and sharp decline under 0.8400 handle followed, as bearish divergence on hourly chart signaled. Losses were contained by 0.8350 support for now, however, negative near-term structure keeps fresh weakness towards 0.8325 and lower, favored, with corrective attempts seen capped under 0.8400 barrier.

Res: 0.8380, 0.8400, 0.8450, 0.8466
Sup: 0.8350, 0.8325, 0.8300, 0.8250

 

[WindsorBrokers]

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

EUR/USD

Bounce off yesterday’s low at 1.4320 is currently testing 1.4450 barrier, 01 June high / 03 June low / 20 day MA on 4-hour chart, ahead of Fib 38.2% at 1.4460. Break here would signal fresh gains and expose resistances at 1.4476/1.4500 zone. Clearance of 1.4550, however, is required to indicate possible end of corrective phase from 1.4695.

Res: 1.4450, 1.4460, 1.4476, 1.4500
Sup: 1.4413, 1.4400, 1.4377, 1.4345

GBP/USD

Extends rally from 1.6215, yesterday’s low, through 1.6350/1.6400 resistance zone, to reach 1.6426 so far. Upside break above key barrier at 1.6470 is sought to confirm strength for possible attack at 1.6546, 31 May high. However, overbought hourly conditions may see corrective pullback, with 1.6300 area expected to hold, to maintain near-term bulls, otherwise, loss of 1.6300/1.6280 would signal an end of recovery phase.

Res: 1.6426, 1.6465, 1.6471, 1.6500
Sup: 1.6400, 1.6354, 1.6311, 1.6300

USD/JPY

Holds above 80.00 support, following yesterday’s upside rejection at 80.68. Fresh gains are looking for retest of 80.70, strong resistance, 27/31 May low / trendline drawn off 82.20, break of which is required to resume gains towards 81.00, possibly 81.30/76. Failure to clear 80.70 would signal return to 80.00 zone.

Res: 80.46, 80.70, 81.00, 81.31
Sup: 80.25, 80.10, 80.00, 79.68

USD/CHF

Trades in a narrow range after failure to clear strong resistance at 0.8450 triggered sharp fall to 0.8350 zone. This offers strong support for now, however, upside clearance of 0.8383 is needed to confirm near-term bottom at 0.8350. Otherwise, test of record low at 0.8325 and further weakness into 0.8300/0.8250 zone, would be the likely scenario in the coming hours.

Res: 0.8383, 0.8400, 0.8450, 0.8466
Sup: 0.8350, 0.8325, 0.8300, 0.8250

 

[WindsorBrokers]

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

EUR/USD

Trades in near-term corrective mode the recent gains through 1.4450 barrier peaked at 1.4471. Subsequent pullback on overbought hourly conditions, currently attempting to base at 1.4420 zone, where hourly 20 day MA lies. Further decline is not ruled out at this point, with 1.4400, daily 55 day MA, expected to contain dips and keep near-term strength intact. On the upside, clearance of 1.4475/1.4500 is required to resume gains towards key barrier at 1.4550, also Fib 61.8% of 1.4695/1.4320 downleg. Loss of 1.4400/1.4380, however, would indicate an end of recovery phase and re-focus 1.4320/00.

Res: 1.4450, 1.4476, 1.4500, 1.4550
Sup: 1.4413, 1.4400, 1.4377, 1.4345

GBP/USD

Daily 55 day MA at 1.6350 and hourly 20 day MA at 1.6390, so far hold corrective pullback from 1.6440, today’s peak of the latest rally from 1.6215, with 4—hour structure still supportive for fresh attempt higher. Clearance of key near-term barrier at 1.6470 is sought for extension towards 1.6545, while loss of strong support zone at 1.6350 would weaken near-term picture.

Res: 1.6420, 1.6465, 1.6471, 1.6500
Sup: 1.6376, 1.6354, 1.6345, 1.6311

USD/JPY

Break below daily Ichimoku cloud keeps the wider picture in the negative territory, while near-term structure maintains positive tone off 79.68, 08 June low. Gains were so far capped at 80.70, strong resistance level, also main trendline, connecting 82.20/81.76 highs, with break here sought to resume recovery and open 81.00/30 next, ahead of possible attempt at 81.76, key lower top. On the downside, 20 day MA at 80.25 and psychological 80.00 level, offer strong support for now.

Res: 80.70, 81.00, 81.31, 81.76
Sup: 80.40, 80.25, 80.10, 80.00

USD/CHF

Regains strength after sharp pullback from 0.8466, yesterday’s high, found good support at 0.8350 zone. Strong rally is approaching key near-term barriers at 0.8450/70, break of which is required to resume recovery towards 0.8500/44 and increase hopes for short-term basing above 0.8325, record low. Corrective pullback on overbought hourly conditions, however, should hold above 0.8400, to maintain near-term positive structure.

Res: 0.8450, 0.8470, 0.8500, 0.8544
Sup: 0.8400, 0.8380, 0.8350, 0.8325