Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

Recovery attempt from 1.4320, 13 May low, has ran out of steam on approach to 1.4500 barrier, with subsequent pullback losing near-term bull channel support and 1.4400 handle, to break below 1.4377, yesterday’s higher low and Fib 61.8% of 1.4320/1.4496 upleg, and test 1.4368, main trendline, connecting 1.3968 and 1.4320 lows, loss of which would signal an end of recovery phase from 1.4320 and re-focus 1.4320/00, strong support zone.

Res: 1.4377, 1.4400, 1.4428, 1.4450
Sup: 1.4345, 1.4320, 1.4300, 1.4256

GBP/USD

Renewed attempt towards key near-term barrier at 1.6470 has lost traction at 1.6440, sliding below 1.6375/50, to test 1.6330/20 zone, Fib 50% / 07 June low/20 day MA, ahead of 1.6300/1.6280, Fib 61.8% / 13 June higher low. Loss of the latter would confirm lower high at 1.6440 and open way for retest of 1.6215, key near-term support. Only regain of 1.6380/90 zone would ease immediate bear pressure.

Res: 1.6376, 1.6393, 1.6427, 1.6440
Sup: 1.6327, 1.6300, 1.6280, 1.6251

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 80.33 and psychological 80.00 level, underpin.

Res: 80.70, 81.00, 81.31, 81.76
Sup: 80.37, 80.12, 80.00, 79.68

USD/CHF

Extends the near-term recovery from 0.8325/45 lows, breaking through 0.8450/70 barriers, en-route to 0.8544/50, 31 May high/04 May low. Break here would confirm near-term base and open way for stronger recovery, with trendline resistance at 0.8660 seen on a break. On the downside, 0.8450/40 zone offers immediate support, with dynamic support at 0.8420, 20 day MA, underpinning the advance.

Res: 0.8500, 0.8544, 0.8550, 0.8600
Sup: 0.8466, 0.8455, 0.8440, 0.8420

 

[WindsorBrokers]

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

EUR/USD

Extends fall from 1.4496, yesterday’s high, losing trendline support at 1.4368 and key near-term levels at 1.4320/00, to approach 1.4250, Fib 61.8% of 1.3968/1.4694. This confirms short-term downtrend and lower top at 1.4496. Negative near-term studies favor further weakness towards 1.4200/1.4180, with oversold conditions suggesting corrective bounce, ahead of fresh push lower. 1.4320/50 zone offers initial resistance

Res: 1.4300, 1.4320, 1.4350, 1.4377
Sup: 1.4263, 1.4256, 1.4245, 1.4200

GBP/USD

Upside rejection at 1.6440 has triggered sharp decline that nearly fully retraced 1.6215/1.6440 upleg, reaching 1.6226 so far. Potential loss of 1.6215 would expose 1.6131/00 next, while 1.6300/20 zone, Fib 38.2% / 20 day MA, is expected to hold corrective bounce, as hourly studies are deeply oversold.

Res: 1.6280, 1.6300, 1.6330, 1.6357
Sup: 1.6226, 1.6215, 1.6200, 1.6131

USD/JPY

Near-term price action off 79.68/80.00 cleared strong barrier at 80.70, also trendline off 82.20, to test 81.00 zone so far. Supportive near-term studies see scope for further gains towards 81.30, possibly 81.76 on a break, with corrective dips seen contained at 80.40 zone, to maintain near-term strength.

Res: 81.04, 81.31, 81.76, 82.00
Sup: 80.63, 80.37, 80.12, 80.00

USD/CHF

Extends the near-term recovery from 0.8325/45 lows, breaking through 0.8450/70 and 0.8500 barriers, en-route to 0.8544/50, 31 May high/04 May low. Break here would confirm near-term base and open way for stronger recovery, with trendline resistance at 0.8660 seen on a break. On the downside, 0.8450/40 zone offers immediate support, with dynamic support at 0.8430, 20 day MA, underpinning the advance.

Res: 0.8525, 0.8544, 0.8550, 0.8600
Sup: 0.8483, 0.8466, 0.8455, 0.8440

 

[WindsorBrokers]

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

EUR/USD

Remains in a steep downtrend from 1.4496, 14 June high, losing key supports at1.4320/00, to accelerate losses to probe levels under 1.4100 level. Fresh 3-week low was reached at 1.4089 this morning, ahead of 1.4067/12, 26/25 May low, loss of which would attract 1.3968, key short-term support, for retest. Overextended hourly / 4-hour studies suggest corrective action, with 1.4200, overnight high and hourly 20 day MA, expected to cap for now. Wider picture outlook also weakened, as 100 day MA at 1.4155 was lost.

Res: 1.4155, 1.4200, 1.4256, 1.4300
Sup: 1.4089, 1.4067, 1.4012, 1.4000

GBP/USD

Upside rejection at 1.6440 has triggered sharp decline through 1.6240, triangle support and 1.6215, 10 June low, also losing 1.6200 handle, to extend losses close to 1.6131, next target and 25 May low. Further downside action is seen towards key level at 1.6057, 24 May low and recent range floor, loss of which would weaken the broader structure and confirm short-term top at 1.6745. on the upside, immediate resistance lies at 1.6220, while 1.6300 zone caps for now.


Res: 1.6215, 1.6224, 1.6272, 1.6300
Sup: 1.6144, 1.6131, 1.6100, 1.6057

USD/JPY

Near-term price action off 79.68/80.00 cleared strong barrier at 80.70, also trendline off 82.20, to reach 81.05 high thus far, ahead on pullback, as near-term studies entered overbought zone. Immediate support lies at 80.50/40 zone, 20 day MA / yesterday’s low, and reversal at this point required to keep near-term bulls in play for renewed attempt through 81.00, to open 81.76/82.20, key barriers. Loss of 80.40, however, would delay for 80.20, Fib 61.8 and important 80.00 handle, below which would end recovery phase and confirm lower top at 81.05.

Res: 81.05, 81.31, 81.76, 82.00
Sup: 80.50, 80.37, 80.20, 80.00

USD/CHF

Steady recovery from 0.8325/45 low, extended gains to test key near-term barrier at 0.8544/50 zone. Current corrective/consolidative phase on overbought near-term conditions, should be contained at 0.8480/50 support zone, also Fib 50%, to maintain near-term bulls. Clearance of 0.8550 would open way for fresh extension higher and target 0.8600/60 next. On the downside, potential loss of 0.8450, also 20 day MA, would risk fresh weakness below 0.8400 and likely signal an end of recovery phase.

Res: 0.8550, 0.8600, 0.8660, 0.8700
Sup: 0.8480, 0.8466, 0.8455, 0.8440

 

[WindsorBrokers]

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

EUR/USD

Maintains near-term negative tone as the latest leg lower from 1.4496 broke below bear channel off 1.4695, 07 June high, to test levels below 1.4100. Overnight’s lower high at 1.4200 offers immediate resistance for corrective attempt on oversold near-term studies, with 1.4300/20 zone expected to cap. On the downside, next targets lie at 1.4012/00, with attempt at key support at 1.3968 seen on a break

Res: 1.4155, 1.4200, 1.4256, 1.4300
Sup: 1.4067, 1.4012, 1.4000, 1.3968

GBP/USD

Upside rejection at 1.6440 has triggered sharp decline through 1.6240, triangle support and 1.6215, 10 June low, also losing 1.6200 handle, to accelerate losses close below 1.6100, just ahead of key support at 1.6057, 24 May low and recent range floor. Break here would weaken the broader structure and confirm short-term top at 1.6745. On the upside, immediate resistance lies at 1.6220, while 1.6300 zone is expected to limit current corrective action on oversold hourly / 4-hour conditions.

Res: 1.6167, 1.6200, 1.6215, 1.6224
Sup: 1.6077, 1.6057, 1.6000, 1.5970

USD/JPY

Near-term price action off 79.68/80.00 cleared strong barrier at 80.70, also trendline off 82.20, to reach 81.05 high thus far, ahead on pullback, as near-term studies entered overbought zone. Support zone at 80.50/40, 20 day MA / yesterday’s low, has so far contained dips, with break above 81.05 sought for resumption of uptrend from 79.68, to target 81.76/82.20 next. The current hesitation just under 81.00 barrier may signal fresh weakness, with loss of 80.50/40 to weaken near-term structure and open 80.00/79.68 instead.

Res: 80.92, 81.05, 81.31, 81.76
Sup: 80.50, 80.37, 80.20, 80.00

USD/CHF

Steady recovery from 0.8325/45 low, extended gains to test key near-term barrier at 0.8544/50 zone. Current corrective/consolidative phase on overbought near-term conditions, should be contained at 0.8480/50 support zone, also Fib 50%, to maintain near-term bulls. Clearance of 0.8550 would open way for fresh extension higher and target 0.8600/60 next. On the downside, potential loss of 0.8450, also 20 day MA, would risk fresh weakness below 0.8400 and likely signal an end of recovery phase.

Res: 0.8550, 0.8600, 0.8660, 0.8700
Sup: 0.8466, 0.8455, 0.8440, 0.8418

 

[WindsorBrokers]

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

EUR/USD

Returns into 4-hour bear channel after last Thursday’s false break lower found support at 1.4073, with subsequent bounce regaining 1.4300 barrier. Gains stalled at 1.4338 and fresh losses under 1.4200 mark, now increase risk of lower top and extension of the broader weakness off 1.4695, 07 June high. Break below Friday’s low at 1.4126 is required to confirm, and open way for retest of 1.4073, below which would target 1.4012 and key support at 1.3968. On the upside, clearance of 1.4327, channel ceiling and 1.4338 high is needed to signal higher low and expose 1.4500 zone.

Res: 1.4289, 1.4338, 1.4428, 1.4495
Sup: 1.4126, 1.4073, 1.4012, 1.3968

GBP/USD

Maintains short-term weak tone after upside failure to clear key barrier at1.6470 triggered sharp sell-off to 1.6077, last Thursday, just above 1.6057, 24 May low. The pair is currently congested within narrow range, with upside being capped under 1.6200. 20 day MA on 4-hour chart, currently at 1.6175, maintains near-term bears for attempt at 1.6077/57 and possible test of 200 day MA, currently at 1.6020, loss of which would confirm short term bears and top at 1.6745. To ease bear pressure, regain of minimum 1.6300 level is required.

Res: 1.6194, 1.6224, 1.6272, 1.6285
Sup: 1.6092, 1.6077, 1.6057, 1.6000

USD/JPY

Recovery from 79.68, 08 June low, was capped at 81.05, with fresh weakness testing psychological support at 80.00 so far. Loss of 80.00 would open strong supports at 79.68/55 for retest, break of which would confirm broader weakness off 85.50, as upside remains capped by 55/90 day MA’s at 81.67/77 and 82.20, previous high and 200 day MA at 82.34.

Res: 80.92, 81.05, 81.31, 81.76
Sup: 80.00, 79.68, 79.55, 79.06

USD/CHF

Steady recovery from 0.8325/45 low, extended gains to test key near-term barrier at 0.8544/50 zone. Corrective pullback on overbought near-term conditions, has so far been contained at 0.8440 support zone, also Fib 50%, keeping near-term bulls in play. Clearance of 0.8550 would open way for fresh extension higher and target 0.8600/60 next. On the downside, loss of 0.8440, would risk fresh weakness below 0.8400 and likely signal an end of recovery phase.

Res: 0.8514, 0.8550, 0.8600, 0.8660
Sup: 0.8440, 0.8418, 0.8400, 0.8345

 

[WindsorBrokers]

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

EUR/USD

Maintains near-term positive structure off 1.4073, 3-weeks fresh low, after pullback from 1.4338, last Friday’s recovery high, was supported by trendline, connecting 1.4073 and 1.4126 lows. Fresh attempt higher needs to clear 1.4320./38, channel resistance / previous high, to resume recovery towards 1.4380, Fib 50% of 1.4695/1.4073 downleg, with possible extension to 1.4430/60 seen on a break. Failure to break above 1.4338, however, would signal lower top and fresh weakness and turn focus to 1.4190, today’s low.

Res: 1.4320, 1.4338, 1.4428, 1.4460
Sup: 1.4211, 1.4190, 1.4126, 1.4073

GBP/USD

Extends near-term recovery phase from 1.6077, 16 June low, in attempt to emerge from the recent consolidative range, with recent brief break above 1.6200 range ceiling, signaling further correction of the broader downmove from 1.6545 and 1.6470. However, clearance of 1.6224 is needed to confirm and expose 1.6285/1.6300 zone next, as hourly studies remain supportive. On the downside, hourly 20 day MA underpins, with key near-term support at 1.6108.

Res: 1.6224, 1.6272, 1.6285, 1.6300
Sup: 1.6108, 1.6092, 1.6077, 1.6057

USD/JPY

Recovery from 79.68, 08 June low, was capped at 81.05, with fresh weakness testing psychological support at 80.00 so far. Loss of 80.00 would open strong supports at 79.68/55 for retest, break of which would confirm broader weakness off 85.50, as wider picture outlook remains capped by 55/90 day MA’s at 81.67/77 and 82.20, previous high and 200 day MA at 82.34.

Res: 80.35, 80.47, 80.92, 81.05
Sup: 80.00, 79.68, 79.55, 79.06

USD/CHF

Continues to lose traction as the recent recovery from 0.8325 record low, stalled on test of initial barrier at 0.8550. Downside loss of 0.8466/40 support zone, increases risk of lower top at 0.8550 and extension of broader downtrend. Loss of 0.8420/00 support is needed to confirm and open way for retest of 0.8345/25 lows.

Res: 0.8475, 0.8514, 0.8550, 0.8600
Sup: 0.8400, 0.8345, 0.8325, 0.8300

 

[WindsorBrokers]

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

EUR/USD

Extends near-term recovery phase from 1.4073 low, breaking above bear channel from 1.4695 and previous high at 1.4338, to test Fib 50% of 1.4695/1.4073 decline at 1.4380. Mild correction to 1.4300 zone on overbought hourly studies was seen overnight, with fresh strength looking for break above daily 55 day MA at 1.4410, to possibly open 1.4496, 14 June high for retest. Near-term studies remain supportive, however, caution on hourly conditions approaching overbought zone. On the downside, 20 day MA at 1.4310, maintains positive tone, with reversal under 1.4290, yesterday’s intraday low and 1.4275, trendline support, to possibly signal near-term top and trigger deeper pullback.

Res: 1.4382, 1.4428, 1.4456, 1.4496
Sup: 1.4305, 1.4290, 1.4275, 1.4211

GBP/USD

Maintains near-term positive tone off 1.6077, 16 June low, breaking above 1.6200/45 barriers, to focus 1.6285/1.6300 targets, break of which is required to confirm near-term base and look for possible attack at 1.6400, trendline resistance. Hourly 20 day MA at 1.6210, underpins, while under 1.6200/1.6173 would risk deeper reversal into 1.6100 zone.

Res: 1.6253, 1.6272, 1.6285, 1.6300
Sup: 1.6204, 1.6173, 1.6108, 1.6092

USD/JPY

Continues to trade in a narrow consolidative range after losses from 81.05, 15 June high, found support at 80.00, psychological support. Hourly 20 day MA, currently at 80.20, limits the upside, with break here and 80.30/40, previous high zone, required to ease immediate bear pressure and signal further recover. However, clearance of 81.05 is needed to confirm higher low and possibly open way for test of 81.76/82.20 barriers. On the downside, loss of 80.00 handle risks retest of 79.68/55, key supports.

Res: 80.35, 80.47, 80.92, 81.05
Sup: 80.00, 79.68, 79.55, 79.06

USD/CHF

Near-term structure remains weak after recovery attempt from record low at 0.8325, stalled at initial barrier at 0.8550 and subsequent reversal lost 0.8466/40 handles, to test 0.8400 support. Hourly / 4 hour studies favor further weakness while 0.8480, 20 day MA and 0.8514, yesterday’s high, cap, with loss of 0.8400 to expose 0.8345/25 for retest. Only break above 0.8514 would improve near-term tone, but clearance of 0.8550 is required to confirm and open 0.8600 next.

Res: 0.8480, 0.8514, 0.8550, 0.8600
Sup: 0.8416, 0.8404, 0.8345, 0.8325

 

[WindsorBrokers]

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

EUR/USD

Remains well supported at 1.4300 zone, as today’s two pullback were contained just above here, with latest strength attempting at 1.4380 zone, overnight’s high / Fib 50% of 1.4695/1.4073 downleg. Break here is sought for resumption of near-term uptrend from 1.4073, to open 1.4428/56, 15 June high / Fib 61.8%. Extended hourly indicators, however, warn of possible stall, and potential loss of 1.4300/1.4290 support zone, today’s lows / main trendline support, to delay immediate bulls.

Res: 1.4387, 1.4428, 1.4456, 1.4496
Sup: 1.4314, 1.4305, 1.4290, 1.4211

GBP/USD

Near-term tone weakened after renewed attempt at 1.6253, overnight’s high, also Fib 38.2% of 1.6545/1.6073, failed at 1.6243, with subsequent reversal losing 1.6200/1.6173 handles. Fresh strength off 1.6166, today’s low is currently struggling to sustain gains above 1.6200, with failure under 1.6250 zone to signal fresh leg lower and expose 1.6130, trendline support and 1.6108, yesterday’s low.

Res: 1.6243, 1.6253, 1.6272, 1.6285
Sup: 1.6166, 1.6130, 1.6108, 1.6092

USD/JPY

Continues to trade in a narrow consolidative range after losses from 81.05, 15 June high, found support at 80.00, psychological support. Hourly studies remain skewed to the downside while 20 day MA, currently at 80.20, and 80.33/36, today’s / yesterday’s highs, limiting the upside. Renewed attempt at 80.00 support increases risk of further weakness and below the latter to open 79.68/55, possibly 79.06, 18 Mar low, on a break.

Res: 80.35, 80.47, 80.92, 81.05
Sup: 80.00, 79.68, 79.55, 79.06

USD/CHF

Near-term structure remains weak after recovery attempt from record low at 0.8325, stalled at initial barrier at 0.8550 and subsequent reversal lost 0.8466/40 handles, to test 0.8400 support. Hourly / 4 hour studies favor further weakness while 0.8480, 20 day MA and 0.8514, yesterday’s high, cap, with loss of 0.8400 to expose 0.8345/25 for retest. Only break above 0.8514 would improve near-term tone, but clearance of 0.8550 is required to confirm and open 0.8600 next.

Res: 0.8473, 0.8514, 0.8550, 0.8600
Sup: 0.8416, 0.8404, 0.8345, 0.8325

 

[WindsorBrokers]

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

EUR/USD

Has extended rally from 1.4073, backed by positive news from Greece, regaining 1.4400 handle, to test 1.4428 barrier, 15 June intraday high. Corrective pullback was contained by 55 day MA on four hour chart at 1.4344, ahead of fresh strength. Above 1.4431, today’s high, to test 1.4456/80, Fib 61.8% of 1.4695/1.4073 downleg / daily Ichimoku cloud’s upper boundary, break of which would open key barrier at 1.4496, 14 June high. On the downside, 1.4344/00 zone needs to hold to keep immediate bulls in play.

Res: 1.4431, 1.4456, 1.4480, 1.4496
Sup: 1.4344, 1.4314, 1.4305, 1.4290

GBP/USD

Recovery attempt from 1.6077, 16 June low, broke above previous high at 1.6253, to retrace over 38.2% of 1.6545/1.6077 downleg, after corrective pullback from 1.6253 found support at 20 day MA at 1.6166. Near-term studies remain supportive for fresh push higher, however, clear break above 1.6260 is required to resume towards 1.6285/1.6300 next target zone. Corrective pullbacks need to hold above 1.6190/66, to maintain near-term positive tone.

Res: 1.6253, 1.6260, 1.6272, 1.6285
Sup: 1.6190, 1.6166, 1.6130, 1.6108

USD/JPY

Continues to trade in a narrow consolidative range after losses from 81.05, 15 June high, found support at 80.00, psychological support. Near-term studies keep the downside favored, while 80.33/36 highs, limiting the upside. Renewed attempt at 80.00 support increases risk of further weakness and below the latter to open 79.68/55, possibly 79.06, 18 Mar low, on a break.

Res: 80.35, 80.47, 80.92, 81.05
Sup: 80.00, 79.68, 79.55, 79.06

USD/CHF

Near-term structure remains weak after recovery attempt from record low at 0.8325, stalled at initial barrier at 0.8550 and subsequent reversal lost 0.8466/40 handles, to test 0.8400 support. Hourly / 4 hour studies favor further weakness while 0.8450, 20 day MA / yesterday’s high, cap, with loss of 0.8400 to expose 0.8345/25 for retest. Only break above 0.8514 would improve near-term tone, but clearance of 0.8550 is required to confirm and open 0.8600 next.

Res: 0.8450, 0.8473, 0.8514, 0.8550
Sup: 0.8398, 0.8345, 0.8325, 0.8300

 

[WindsorBrokers]

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

EUR/USD

Trades is a narrow range, currently hovering around 1.4400 level, after renewed upside attempt at fresh high at 1.4431 stalled at 1.4418. However, downside remains well supported at 1.4350 for now. Hourly chart shows creation of triangle, with upper boundary at 1.4405 to be cleared for fresh attempt at 1.4431 and possible extension to 1.4456, Fib 61.8% of 1.4695/1.4073 downleg and 1.4500, key near-term barrier. On the downside, loss of 1.4350 zone, previous lows / triangle support, would signal stronger correction ahead.

Res: 1.4418, 1.4431, 1.4456, 1.4480
Sup: 1.4355, 1.4344, 1.4314, 1.4305

GBP/USD

Has ran out of steam again, as renewed attempt through 1.6250, yesterday’s high / Fib 38.2% of 1.6545/1.6077 failed, with subsequent fall nearly fully retracing the near-term 1.6077/1.6260 recovery, hitting 1.6092 low so far. This suggests a fresh extension of the broader downtrend from 1.6545, with loss of 1.6077 to open 1.6057/00 next. Oversold hourly studies see scope for corrective action, with 1.6190/1.6200 zone expected to cap.

Res: 1.6136, 1.6166, 1.6192, 1.6215
Sup: 1.6092, 1.6077, 1.6057, 1.6000

USD/JPY

Continues to trade in a narrow consolidative range after losses from 81.05, 15 June high, found support at 80.00, psychological support. Near-term studies keep the downside favored, while 80.33/36 highs, limiting the upside. Renewed attempt at 80.00 support increases risk of further weakness and below the latter to open 79.68/55, possibly 79.06, 18 Mar low, on a break.

Res: 80.24, 80.35, 80.47, 80.92
Sup: 80.00, 79.68, 79.55, 79.06

USD/CHF

Near-term structure remains weak after recovery attempt from record low at 0.8325, stalled at initial barrier at 0.8550 and subsequent reversal lost 0.8466/40 handles, to test 0.8400 support. Hourly / 4 hour studies favor further weakness while 0.8450, 20 day MA / yesterday’s high, cap, with loss of 0.8400 to expose 0.8345/25 for retest. Only break above 0.8514 would improve near-term tone, but clearance of 0.8550 is required to confirm and open 0.8600 next.

Res: 0.8450, 0.8473, 0.8514, 0.8550
Sup: 0.8398, 0.8345, 0.8325, 0.8300

 

[WindsorBrokers]

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

EUR/USD

Yesterday’s break above triangle was short-lived as failure to sustain gains above 1.4431, previous high, triggered strong sell-off. Loss of triangle support at 1.4360 and key levels at 1.4300/1.4290, weakened the near-term structure, with focus on 1.4253/13, Fib 50% / 61.8% of 1.4073/1.4440 ascend / daily 90 day MA, and 1.4190, 20 June higher low. Immediate barriers lie at 1.4344/50, yesterday’s intraday lows / hourly 20 day MA.

Res: 1.4344, 1.4352, 1.4385, 1.4420
Sup: 1.4282, 1.4253, 1.4213, 1.4190

GBP/USD

Has slumped through key short-term supports at 1.6077/57 after recovery attempt from 1.6077 was capped by 4-hour 55 day MA at 1.6260, to 200 day MA at 1.6028. This suggests fresh weakness towards 1.6000 then 1.5935, Feb /Mar range floor, loss of which would signal and end of med-term recovery phase from 1.5345.

Res: 1.6092, 1.6108, 1.6148, 1.6166
Sup: 1.6028, 1.6017, 1.6000, 1.5935

USD/JPY

Broke above the recent consolidative range, as psychological support at 80.00 remains intact, extending gains to 80.60 zone so far, en-route to key near-term barrier at 81.05. Previous highs at 80.33/36 offer good support for now, with latest corrective pullback being contained here. Hourly 20 day MA, currently at 80.31, underpins the near-term bulls.

Res: 80.63, 80.92, 81.05, 81.31
Sup: 80.33, 80.00, 79.68, 79.55

USD/CHF

Extended the downleg from 0.8550 barrier, breaking through 0.8400 support, to test levels just above record low at 0.8325, where temporary support was found. Subsequent bounce has regained 0.8400 handle, with 0.8436 seen so far. Holding above 0.8400, also hourly 20 day MA, keeps immediate recovery attempt in play, with regain of 0.8450/75 is required to confirm and re-focus 0.8550.

Res: 0.8436, 0.8450, 0.8475, 0.8514
Sup: 0.8386, 0.8338, 0.8325, 0.8300

 

[WindsorBrokers]

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

EUR/USD

Extends weakness off 1.4440, yesterday’s high, losing 1.4190/77, 20 June low / Fib 61.8% of 1.4073/1.4440 upleg, to reach 1.4152 low so far. Immediate focus is at 1.4100, trendline connecting 1.3968/1.4073 lows, ahead of 1.4073, 16 June low, loss of which would confirm lower top at 1.4440 and expose 1.3968, key short-term support, for retest. Oversold near-term conditions suggest corrective action before fresh leg lower, with 1.4300 zone expected to cap.

Res: 1.4200, 1.4234, 1.4281, 1.4300
Sup: 1.4152, 1.4126, 1.4100, 1.3968

GBP/USD

Upside rejection at 1.6260 has triggered sharp decline through key supports at 1.6077/57, also breaking below 1.6026, 200 day MA and 1.6000 handle, en-route to 1.5935, Feb /Mar range floor and Fib 61.8% of 1.5345/1.6745 ascend at 1.5880. Overextended hourly studies see scope for bounce, with 1.6060/1.6100 zone expected to cap correction.

Res: 1.6000, 1.6043, 1.6066, 1.6077
Sup: 1.5935, 1.5900, 1.5880, 1.5820

USD/JPY

Maintains near-term positive tone after break above the recent consolidative range, as psychological support at 80.00 remains intact. Clearance of previous high at 80.63 has far seen 80.78 high, en-route to key near-term barrier at 81.05. Previous highs at 80.33/36 are expected to contain corrective pullback, as hourly studies entered overbought zone. Hourly 20 day MA, currently at 80.46, underpins the near-term bulls.

Res: 80.78, 80.92, 81.05, 81.31
Sup: 80.54, 80.33, 80.00, 79.68

USD/CHF

Extended the downleg from 0.8550 barrier, breaking through 0.8400 support, to test levels just above record low at 0.8325, where temporary support was found. Subsequent bounce has regained 0.8400 handle, with 0.8436 limiting the upside for now. Holding above 0.8400 zone, also hourly 20 day MA, keeps hopes of fresh recovery in play, with regain of 0.8450/75 is required to confirm and re-focus 0.8550. Below 0.8400, to target 0.8338/25.

Res: 0.8436, 0.8450, 0.8475, 0.8514
Sup: 0.8383, 0.8338, 0.8325, 0.8300

 

[WindsorBrokers]

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

EUR/USD

Has dipped to 1.4125, 17 June low, just ahead of 1.4100, trendline support and 1.4073, 16 June higher low, with subsequent bounce being limited under 1.4300 barrier for now. Short-term bears remain in play while 1.4300 zone caps, with 1.4125/00 in focus and 1.4073/00 seen on a break. Clear break under daily 90 day MA at 1.4250 to confirm weakness.

Res: 1.4276, 1.4285, 1.4300, 1.4320
Sup: 1.4228, 1.4200, 1.4163, 1.4125

GBP/USD

Consolidates recent losses through 1.6000 handle that tested 1.5935, 28 Mar range floor. The upside remains capped at 1.6030 for now, with possible extension to 1.6057/77, ahead of fresh leg lower, as short-term negative outlook favors further losses. Break below 1.5935 to open 1.5880, Fibonacci level next.

Res: 1.6028, 1.6043, 1.6057, 1.6077
Sup: 1.5935, 1.5900, 1.5880, 1.5820

USD/JPY

Maintains near-term positive tone after break above the recent consolidative range, as psychological support at 80.00 remains intact. Clearance of previous high at 80.63 has far seen 80.78 high, en-route to key near-term barrier at 81.05. Previous highs at 80.33/36 are expected to contain corrective pullback, as hourly studies entered overbought zone. Hourly 20 day MA, currently at 80.46, underpins the near-term bulls.

Res: 80.63, 80.78, 80.92, 81.05
Sup: 80.35, 80.00, 79.68, 79.55

USD/CHF

Loss of 0.8400 support has ended hopes of fresh recovery and brought bears fully in play. Near-term focus is at 0.8338, 22 June low, ahead of 0.8325, record low, posted on 07 June, loss of which would open way for fresh bear phase. On the upside, 0.8400 now offers immediate resistance, ahead of 0.8435. Key near-term barrier lies at 0.8550.

Res: 0.8400, 0.8436, 0.8450, 0.8475
Sup: 0.8363, 0.8338, 0.8325, 0.8300

 

[WindsorBrokers]

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

EUR/USD

Corrective attempt from 1.4125, 23 June low, was capped by 55 day MA at 1.4304, ahead of fresh leg lower to extend broader weakness off 1.4440 and test 1.4100 level. Brief break below trendline connecting 1.3968 and 1.4073 low may signal further weakness and retest of 1.4073, 16 June low, break of which would open key short-term support at 1.3968, 23 May low. Hourly studies see scope for correction, with immediate barrier at 1.4200 and lower high seen under 1.4260, to maintain immediate bears.

Res: 1.4197, 1.4226, 1.4247, 1.4276
Sup: 1.4102, 1.4073, 1.4000, 1.3968

GBP/USD

Maintains bear tone off 1.6546, 31 May high, after bounce from key support at 1.5935 stalled at 1.6045. Subsequent weakness broke below 1.5935, to test levels near 1.5900, with focus on 1.5880, Fib 61.8% of 1.5343/1.6745 upleg, loss of which would confirm top at 1.6745 and open way for broader weakness, targeting 1.5750 next. Near-term corrective action faces initial resistance at 1.6045/65 zone.

Res: 1.6000, 1.6045, 1.6065, 1.6077
Sup: 1.5912, 1.5900, 1.5880, 1.5820

USD/JPY

Maintains near-term positive tone after break above the recent consolidative range, as psychological support at 80.00 remains intact. Clearance of previous high at 80.78 is now approaching key near-term barrier at 81.05, above which would signal stronger recovery towards 81.76/82.20, key short-term resistances. Corrective dips on extended hourly conditions, need to be contained above 80.40 to keep immediate bulls in play.

Res: 80.87, 81.05, 81.76, 82.20
Sup: 80.66, 80.48, 80.29, 80.12

USD/CHF
Slight recovery has followed overnight’s opening at fresh historical low at 0.8316, trading currently under 0.8400 barrier. Hourly studies see scope for further recovery, with clearance of 0.8400 to focus 0.8436, 23 June high next. However, daily studies are losing momentum and fresh weakness after current corrective attempt would be the likely scenario.

Res: 0.8400, 0.8436, 0.8450, 0.8475
Sup: 0.8338, 0.8325, 0.8316, 0.8300

 

[WindsorBrokers]

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

EUR/USD

Bounce from 1.4102, overnight’s low, was capped at 1.4135, ahead of fresh weakness under 1.4200. Immediate downside target lies at 1.4115/02, trendline off 1.3968 / today’s low, with break here to resume downtrend and expose 1.4073, 16 June low, ahead of key support at 1.3968, 23 May low. On the upside, clearance of today’s high at 1.4235 and 20 day MA at 1.4245, is required to signal possible basing, with regain of 1.4300 zone needed to confirm.

Res: 1.4200, 1.4235, 1.4247, 1.4304
Sup: 1.4124, 1.4102, 1.4073, 1.4000

GBP/USD

Corrective attempt from fresh 5 month low at 1.5912, posted overnight, was short-lived, as gains stalled on attempt to clear barrier at 1.6000, and subsequent fall nearly fully retraced initial rally. Near-term outlook favors bearish break through 1.5912/00 to target 1.5880, Fibonacci level, ahead of 1.5845, bear channel support line, loss of which would open way for test of 1.5750, 25 Jan low. Upside remains capped at 1.6007, today’s high and 1.6030/45, daily 200 day MA / 24 June high.

Res: 1.6007, 1.6045, 1.6065, 1.6077
Sup: 1.5912, 1.5900, 1.5880, 1.5820

USD/JPY

Maintains near-term positive tone after break above the recent consolidative range, as psychological support at 80.00 remains intact. Clearance of previous high at 80.78 is now approaching key near-term barrier at 81.05, above which would signal stronger recovery towards 81.76/82.20, key short-term resistances. Corrective dips on extended hourly conditions, need to be contained above 80.40, to keep immediate bulls in play.

Res: 81.05, 81.31, 81.76, 82.20
Sup: 80.66, 80.48, 80.29, 80.12

USD/CHF

Mild recovery from today’s fresh record low at 0.8316, was limited at 0.8400, with fresh fall signaling an extension of the broader downtrend. Loss of 0.8316 to expose 0.8300 next, ahead of Fibonacci expansion levels at 0.8285 and 0.8200, while 0.8400/36 zone caps.

Res: 0.8382, 0.8400, 0.8436, 0.8450
Sup: 0.8325, 0.8316, 0.8300, 0.8285

 

[WindsorBrokers]

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

EUR/USD

Extends recovery after finding good support at 1.4100, trendline connecting 1.3968 and 1.4073 low, with regain of 1.4300 barrier improving the near-term outlook. Pullback from 1.4328, overnight’s fresh high, on overbought hourly conditions, is seen corrective while 1.4230, 20 day MA holds, with fresh gains expected to attack trendline resistance at 1.4350, to open way towards 1.4400/38. On the downside, loss of 1.4230/00 would bring bears back in play.

Res: 1.4319, 1.4338, 1.4350, 1.4400
Sup: 1.4253, 1.4230, 1.4200, 1.4167

GBP/USD

Remains at the back foot after yesterday’s recovery attempt from fresh 5 month low at 1.5912, failed to clear 1.6000 barrier. Subsequent weakness is now looking for retest of 1.5912, as the pair is losing momentum and below the latter to focus 1.5880, Fib 61.8% of 1.5343/1.6745 ascend and bear channel floor at 1.5845, below which would turn broader structure bearish and open 1.5750 next. Regain of 1.6010/45 is required to ease immediate bear pressure

Res: 1.6000, 1.6010, 1.6045, 1.6077
Sup: 1.5924, 1.5912, 1.5900, 1.5880

USD/JPY

Near-term positive tone from 80.00 support remains in play as the pair is approaching initial barrier at 81.05, 15 June high. Break here is required to signal near-term base and open way for test of next key levels at 81.76 and 82.20, along with dynamic resistances at 81.16/60 and 82.20, daily 55; 90; 200 day MA’s. Current consolidation under 81.05 needs to hold above 80.60 zone, yesterday’s intraday low / 20 day MA, to maintain near-term bulls.

Res: 81.05, 81.31, 81.76, 82.20
Sup: 80.71, 80.60, 80.48, 80.29

USD/CHF

Near-term price action sees directionless trade within narrow range, just above yesterday’s fresh record low at 0.8316. Overall outlook remains bearish, as daily studies are losing momentum after initial signals of fresh recovery. Break below 0.8316 opens 0.8300 next, ahead of Fibonacci expansion levels at 0.8285 and 0.8200. Upside remains capped at 0.8400/36 zone and only break above the latter would provide near-term relief.


Res: 0.8393, 0.8400, 0.8436, 0.8450
Sup: 0.8336, 0.8316, 0.8300, 0.8285

 

[WindsorBrokers]

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

EUR/USD

Attempts to clear strong resistance at 1.4330, today/yesterday’s highs, to resume near-term uptrend from 1.4100. Corrective dips were so far contained at 1.4240 zone, with break above 1.4330 to expose 1.4350, trendline resistance, ahead of 1.4440, 22 June high. Failure to clear 1.4330 would signal fresh weakness, with loss of 1.4240/00 needed to confirm and expose 1.4100 instead.

Res: 1.4330, 1.4350, 1.4400, 1.4440
Sup: 1.4236, 1.4221, 1.4200, 1.4167

GBP/USD

Trades in a narrow range after recovery attempt from yesterday’s fresh 5 month low at 1.5912, remains capped at 1.6010. Near-term tone’s improvement needs to see clear break above 1.6010/45 to resume recovery towards 1.6077/1.6100 next, while upside failure risks return to 1.5910 and possible attempt at 1.5880, Fib 61.8% of 1.5343/1.6745 ascend and bear channel floor at 1.5845.

Res: 1.6010, 1.6045, 1.6077, 1.6100
Sup: 1.5961, 1.5910, 1.5900, 1.5880

USD/JPY

Near-term positive tone from 80.00 support remains in play as the pair is approaching initial barrier at 81.05, 15 June high. Break here is required to signal near-term base and open way for test of next key levels at 81.76 and 82.20, along with dynamic resistances at 81.16/60 and 82.20, daily 55; 90; 200 day MA’s. Current consolidation under 81.05 needs to hold above 80.60 zone, yesterday’s intraday low / 20 day MA, to maintain near-term bulls.

Res: 81.05, 81.31, 81.76, 82.20
Sup: 80.71, 80.60, 80.48, 80.29

USD/CHF

Resumes the bear trend after ending brief consolidation above record low at 0.8312. Fresh weakness is currently attempting at 0.8300, loss of which would open way for series of fresh historical lows, with 0.8285/00 projections seen next. Upside is seen capped at 0.8375/0.8400 for now.

Res: 0.8356, 0.8376, 0.8400, 0.8436
Sup: 0.8300, 0.8285, 0.8250, 0.8200

 

[WindsorBrokers]

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

EUR/USD

Extends the near-term bulls after finding support at 1.4100, trendline connecting 1.3968/1.4073 lows, to clear 1.4330, yesterday’s highs and main trendline resistance at 1.4350, testing levels just under 1.4400. Corrective/consolidative pullback on overbought hourly studies was contained above 1.4330, with fresh strength underway, looking for break of 1.4400 to challenge key near-term barriers at 1.4440/96. 20 day MA, currently at 1.4350, underpins the advance.

Res: 1.4395, 1.4400, 1.4440, 1.4496
Sup: 1.4337, 1.4326, 1.4300, 1.4236

GBP/USD

Maintains near-term positive tone off 1.5910, fresh 5-month low, posted yesterday, to test 1.6045 barrier so far. However, break above 200 day MA at 1.6035 and clearance of 1.6077, 16 June low and 1.6100 is required to confirm recovery and open way towards 1.6150/1.6200 next. Failure under 1.6077 risks return to 1.5910 and possible attempt at 1.5880, Fib 61.8% of 1.5343/1.6745 ascend and bear channel floor at 1.5845.

Res: 1.6035, 1.6045, 1.6077, 1.6100
Sup: 1.5974, 1.5910, 1.5900, 1.5880

USD/JPY

Has rallied through key near-term barrier at 81.05, to confirm positive structure off 80.00 support and possibly open way for test static, 81.76/82.20 and dynamic resistances, 81.60/82.18, 90/200 day MA’s, in order to confirm short-term base and open way towards 82.80/83.10. Corrective actions should be contained above 80.60, to maintain immediate bull tone.

Res: 81.26, 81.49, 81.76, 82.20
Sup: 80.92, 80.60, 80.29, 80.00

USD/CHF

Loss of 0.8316, previous low , has triggered fresh fall through 0.8300 handle to post fresh all-time low at 0.8273, yesterday. Recovery attempt from here has ran out of steam at 0.8330, turning the near-term focus lower. Below 0.8273 to target 0.8250/00, while 0.8350 zone caps for now.

Res: 0.8330, 0.8356, 0.8375, 0.8400
Sup: 0.8295, 0.8273, 0.8250, 0.8200

 

[WindsorBrokers]

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

EUR/USD

Is loosing traction after initial gains through 1.4400 barrier slightly exceeded 1.4440, strong resistance, but failed to hold. Subsequent strong pullback dipped to 1.4327, just above strong support at 1.4300 zone, weakening the near-term tone for possible further reversal. However, higher low within 1.4300 zone would signal a resumption of near-term uptrend from 1.4100, and possible fresh attack at 1.4440/96 upside targets.

Res: 1.4400, 1.4440, 1.4496, 1.4550
Sup: 1.4327, 1.4300, 1.4236, 1.4200

GBP/USD

Extends gains above 1.6045 barrier after spike lower was contained by 20 day MA at 1.5980. Holding above 1.6000 would keep near-term positive tone from 1.5910 in play, with clearance of fresh high at 1.6056 and strong resistance at 1.6077 required to open 1.6100/50 next. Loss of 1.600/1.5980, however, would weaken the structure and warn of fresh weakness towards 1.5910 initially, then 1.5880/50 on a break.

Res: 1.6045, 1.6056, 1.6077, 1.6100
Sup: 1.6000, 1.5980, 1.5910, 1.5900

USD/JPY

Dips sharply after filing to hold gains above 81.05 barrier, losing initial supports at 81.00/80.65, to test 80.55, 23 June previous high. This may signal an end of recovery phase from 80.00 and while below 81.00 to keep focus at 80.10/00, break of which would open key supports at 79.68/55. Clearance of 81.26 is required to turn near-term focus higher for test of 81.76/82.20 barriers.

Res: 81.00, 81.26, 81.49, 81.76
Sup: 80.55, 80.29, 80.10, 80.00

USD/CHF

Improves the near-term tone after finding support at 0.8295 and fresh push through initial resistance at 0.8350. Clear break here to expose 0.8375/0.8400 next, ahead of strong barrier at 0.8450 zone. Near-term studies look supportive, with 20 day MA, currently at 0.8325, supporting the advance. Wider picture, however, remains bearish while 0.8550 caps.

Res: 0.8375, 0.8400, 0.8450, 0.8500
Sup: 0.8320, 0.8295, 0.8273, 0.8250

 

[WindsorBrokers]

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

EUR/USD

Resumes uptrend from 1.4100 after yesterday’s sharp pullback from 1.4450 found ground above 1.4300 support. Fresh gains through 1.4496, 14 June high, have so far reached 1.4517, as correction on overbought hourly / 4-hour conditions looms. Immediate support lies at 1.4460/50 zone, ahead of trendline support at 1.4420, where a higher low is sought for continuation of short-term bulls. Above 1.4517 to look for test of main trendline resistance at 1.4533, above which, 1.4695, 07 June high comes in focus.

Res: 1.4517, 1.4533, 1.4550, 1.4563
Sup: 1.4457, 1.4447, 1.4420, 1.4400

GBP/USD

Has cleared barriers at 1.6077/1.6100 to extend near-term uptrend from 1.5910 to 1.6115 so far. Holding above 200 day MA, currently at 1.6038, keeps short-term structure positive for upside extension towards 1.6160/1.6200, with possible attempt at 1.6215/60 not ruled out. Overbought near-term conditions suggest corrective pullback preceding fresh rally, with 1.6050 zone expected to contain dips.

Res: 1.6115, 1.6160, 1.6200, 1.6215
Sup: 1.6075, 1.6050, 1.6020, 1.6000

USD/JPY

Has ran out of steam after clearance of key near-term barrier at 81.05, with strong reversal emerging from yesterday’s fresh high at 81.26. Dip to 80.30 so far, has weakened near-term structure, confirming near-term top for possible attack at key supports at 80.00 and 79.68/55. On the upside, initial resistance lies at 80.60, also 20 day MA, regain of which may would ease near-term bear-pressure, however, only break above 81.00 barrier improves the tone.

Res: 80.55, 80.65, 81.00, 81.26
Sup: 80.30, 80.10, 80.00, 79.68

USD/CHF

Remains constructive off fresh record low at 0.8273, while 0.8300 zone holds. However, yesterday’s failure at 0.8366 and subsequent reversal keep focus to the downside and only recovery above the latter would improve near-term outlook. On the downside, below 0.8300/0.8273 to focus 0.8200 next.

Res: 0.8350, 0.8366, 0.8375, 0.8400
Sup: 0.8304, 0.8295, 0.8273, 0.8250