Short Term Technical Analysis for Majors

[WindsorBrokers]

Short Term Technical Analysis for Majors (13:50 GMT)

EUR/USD

Trades in a near-term corrective mode after extending gains above 1.4496, previous high, to reach 1.4520 thus far. Trendline support at 1.4450 holds for now, with further reversal towards 1.4370/60, 20 day MA / Fib 50% of 1.4100/1.4520 upleg, not ruled out, before fresh push higher. Daily studies are regaining momentum and break above 1.4520/25, today’s high / main trendline resistance, to open 1.4550/1.4600.

Res: 1.4500, 1.4520, 1.4525, 1.4550
Sup: 1.4446, 1.4420, 1.4400, 1.4370

GBP/USD

Has failed to sustain gains above 1.6100, after pullback from 1.6117, day’s high, broke below 1.6050 initial support, then trendline / 200 day MA at 1.6032, to extend losses to test 1.5970, yesterday’s intraday low. This weakens near-term structure, as corrective attempt from 1.5970 was short lived. Focus is now turning lower, for possible retest of 1.5910 and extension to 1.5880/50 on a break. Only regain of 1.6030/60 zone would improve near-term tone.

Res: 1.6034, 1.6048, 1.6100, 1.6117
Sup: 1.5970, 1.5910, 1.5900, 1.5880

USD/JPY

Break above 81.05, key near-term barrier was short-lived, as gains stalled at 81.26, with strong reversal dipping to 80.25 so far. Weakened near-term structure, confirms temporary top at 81.26, ahead of possible attack at key supports at 80.00 and 79.68/55. On the upside, initial resistance lies at 80.55, 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: 80.25, 80.10, 80.00, 79.68

USD/CHF

Remains constructive off fresh record low at 0.8273, while 0.8300 zone holds. Fresh strength through 0.8366, yesterday’s high, is surging through initial barrier at 0.8400, ahead of resistances at 0.8435/50, clearance of which would signal stronger recovery towards 0.8500 and key short-term barrier at 0.8550. Previous high at 0.8366 offers initial support, while 20 day MA at 0.8335 underpins the advance.


Res: 0.8435, 0.8450, 0.8500, 0.8550
Sup:0.8400, 0.8366, 0.8335, 0.8300

 

[WindsorBrokers]

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

EUR/USD

Remains in a short term uptrend from 1.4100, 27 June low, after mild correction from 1.4536, yesterday’s fresh 3-week high, found support at 1.4466. Fresh strength is attempting through 1.4520, main trendline, connecting 1.4938 and 1.4695 highs, clearance of which and 1.4536 is required to resume bulls and expose 1.4560, 06/08 June lows and 1.4617, Fib 61.8% of 1.4938/1.4100 downleg. On the downside, 1.4460/40 zone offers initial support, along with 20 day MA, currently at 1.4420.

Res: 1.4525, 1.4536, 1.4560, 1.4600
Sup: 1.4500, 1.4466, 1.4446, 1.4420

GBP/USD

The near-term positive structure off 1.5910, 28 June 5-month low, has weakened after failure to sustain gains above 1.6100 triggered sharp sell-off under 1.6000 handle. Temporary support was found at 1.5972, with fresh strength under way, attempting to regain 1.6094/1.6117. Break of the latter is sought for resumption of recovery phase from 1.5910, to open 1.6150, Fib 38% of 1.6546/1.5910 decline, ahead of possible extension to 1.6215/25, 10 June low / Fib 50%. Early upside rejection, however, would risk lower top and possible return to 1.6000, trendline off 1.5910 and 1.5972 supports.

Res: 1.6117, 1.6150, 1.6165, 1.6215
Sup: 1.6035, 1.6000, 1.5972, 1.5910

USD/JPY

Reversal from 81.26, 28 June fresh one-month high, found support at 80.25, to keep short-term positive tone off 79.68/80.00 levels alive. Recovery attempt is struggling on approach to 81.00, with immediate risk of break below 80.30, 4-hour head and shoulders neckline, along with main trendline at 80.20, to further weaken the structure and expose 80.00/79.68/55. Wider picture shows sideways trading, with the upside well protected by daily 55/90/200 day MA’s, currently ay 81.05/81.56/82.15, as well as key short-term static resistance at 82.20.

Res: 80.76, 80.87, 81.00, 81.26
Sup: 80.40, 80.30, 80.25, 80.10

USD/CHF

Yesterday’s surge through 0.8400/50 barriers has improved near-term tone after posting fresh all-time low at 0.8273. Fresh gains are looking for test of 0.8500 and key short-term barrier at 0.8550, on clearance of 0.8462, yesterday’s fresh high. Near-term studies remain supportive, but approaching overbought zone. Daily outlook, however, is losing momentum and this may signal fresh lower top and resumption of the broader downtrend.


Res: 0.8442, 0.8462, 0.8500, 0.8550
Sup: 0.8391, 0.8366, 0.8335, 0.8300

 

[WindsorBrokers]

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

EUR/USD

Last Friday’s close above 1.4500 handle and overnight’s upside extension to a fresh high at 1.4576, keep short-term bulls from 1.4100, 27 June low, firmly in play. Main trendline, connecting 1.4938 04 May high and 1.4694, 08 June lower high, has been cleared, with next target at 1.4600, Fib 61.8% of 1.4938/1.4100 downleg, ahead of key barrier at 1.4694, break of which would signal an end of corrective phase from 1.4938. Daily studies remain supportive for fresh action higher, with hourly 20 day MA at 1.4524, underpinning the advance and main near-term support at 1.4435.

Res: 1.4565, 1.4576, 1.4600, 1.4651
Sup: 1.4510, 1.4480, 1.4435, 1.4400

GBP/USD

Returns to strength, extending the near-term correction off 1.5910, 28 June low, after pullback from 1.6117, 30 June high, found support at 1.5990/70 zone. Recent lift above 1.6117 is looking for test of 1.6200/15, ahead of key short-term barrier at 1.6261, 22 June high, break of which to signal stronger recovery and possible test of channel resistance at 1.6320. On the downside, trendline from 1.5910, offers initial support at 1.6035, ahead of previous lows at 1.5987/72, loss of which would turn the structure bearish.

Res: 1.6165, 1.6200, 1.6215, 1.6261
Sup: 1.6064, 1.6055, 1.6035, 1.6000

USD/JPY

Reversal from 81.26, 28 June fresh one-month high, has so far found support at 80.25, to keep short-term positive tone off 79.68/80.00 levels alive. Recovery attempt remain capped at 81.00 for now, with immediate risk of completion of 4-hour head and shoulders, on break below 80.30, neckline, along with main trendline at 80.25, to further weaken the structure and expose 80.00/79.68/55. Wider picture shows sideways trading, with the upside well protected by daily 55/90/200 day MA’s, currently at 80.97/81.55/82.11, as well as key short-term static resistance at 82.20.

Res: 80.76, 80.90, 81.13, 81.26
Sup: 80.54, 80.40, 80.30, 80.25

USD/CHF

Maintains near-term positive structure fresh all-time low at 0.8273, after strong rally cleared 0.8450/0.8500 barriers, extending gains to 0.8524 so far, just ahead of key short-term resistances at 0.8541, trendline resistance and 0.8548/50, 16 June high/ 04 May low. Break here is required to ease bear-pressure on the wider picture and possible near-term basing, ahead of stronger correction. Initial supports lie at 0.8460/0.8390, with the latter expected to contain corrective pullbacks to maintain immediate bulls.


Res: 0.8500, 0.8524, 0.8541, 0.8550
Sup: 0.8461, 0.8391, 0.8366, 0.8335

 

[WindsorBrokers]

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

EUR/USD

Trades in a near-term corrective/consolidative mode, after posting fresh high at 1.4576, earlier today. Holding above 1.4500 handle keeps immediate scope for fresh attack at 1.4576, above which opens Fibonacci level at 1.4600, ahead of key resistance at 1.4694, 08 June high. Initial support lies at 1.4440/35 zone.

Res: 1.4539, 1.4559, 1.4576, 1.4600
Sup: 1.4494, 1.4466, 1.4435, 1.4400

GBP/USD

Renewed attempt through 1.6100 barrier has failed to sustain gains, stalling at 1.6139, ahead of reversal into 1.6060, initial support zone. Short-term positive tone, however, remains intact, while main trendline, currently at 1.6045, holds. Potential break through 1.6139 to open 1.6200/15 next, ahead of key short-term barrier at 1.6261. Loss of trendline support and higher platform at 1.5990/70 would weaken the structure for retest of 1.5910, 28 June low.

Res: 1.6100, 1.6139, 1.6165, 1.6200
Sup: 1.6064, 1.6055, 1.6035, 1.6000

USD/JPY

Reversal from 81.26, 28 June fresh one-month high, has so far found support at 80.25, to keep short-term positive tone off 79.68/80.00 levels alive. Recovery attempt remain capped at 81.00 zone for now, with immediate risk of completion of 4-hour head and shoulders, on break below 80.30, neckline, along with main trendline at 80.25, to further weaken the structure and expose 80.00/79.68/55. Wider picture shows sideways trading, with the upside well protected by daily 55/90/200 day MA’s, currently at 80.97/81.55/82.11, as well as key short-term static resistance at 82.20.

Res: 80.90, 81.13, 81.26, 81.76
Sup: 80.52, 80.40, 80.30, 80.25

USD/CHF

Maintains near-term positive structure fresh all-time low at 0.8273, after strong rally cleared 0.8450/0.8500 barriers, extending gains to 0.8524 so far, just ahead of key short-term resistances at 0.8541, trendline resistance and 0.8548/50, 16 June high/ 04 May low. Break here is required to ease bear-pressure on the wider picture and possible near-term basing, ahead of stronger correction. Initial supports lie at 0.8460/0.8390, with the latter expected to contain corrective pullbacks to maintain immediate bulls.


Res: 0.8500, 0.8524, 0.8541, 0.8550
Sup: 0.8461, 0.8391, 0.8366, 0.8335

 

[WindsorBrokers]

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

EUR/USD

Extends near-term correction as renewed attempt higher was capped at 1.4552, just under yesterday’s fresh high at 1.4576. Loss of momentum on near-term studies, suggests further easing, with 1.4440/35 offering strong support, ahead of 1.4400, Fib 38.2% of 1.4100/1.4576 upleg, where a reversal is seen to keep immediate bulls in play. Above 1.4576 to focus 1.4600 and key barrier at 1.4694. Only loss of 1.4300 zone would weaken short-term tone and put bulls on hold.

Res: 1.4490, 1.4552, 1.4576, 1.4600
Sup: 1.4440, 1.4435, 1.4400, 1.4338

GBP/USD

Weakened the near-term structure after upside rejection at 1.6100 zone, accelerating losses through trendline support at 1.6055, and 200 day MA at 1.6040, to approach key support zone at 1.6000/1.5970, Fibonacci 61.8% / previous lows. Break below the latter would signal an end of corrective phase from 1.5910. On the upside, 1.6050 zone offers immediate resistance, ahead of 20 day MA, currently at 1.6070, expected to cap upside attempts.

Res: 1.6050, 1.6070, 1.6100, 1.6139
Sup: 1.6000, 1.5990, 1.5970, 1.5910

USD/JPY

Returns to strength after finding ground at 80.52 yesterday, with fresh strength attempting at 81.26, resistance, break of which is needed to expose key barriers at 81.76 and 82.20. Near-term studies remain supportive, however, overbought conditions suggest corrective pullback to precede fresh rally. Initial support at 80.70 is expected to contain, while loss of 80.52/40, yesterday’s low / trendline support, weakens the short-term structure.

Res: 81.26, 81.76, 82.20, 82.80
Sup: 80.97, 80.70, 80.52, 80.40

USD/CHF

Maintains near-term positive structure fresh all-time low at 0.8273, after strong rally cleared 0.8450/0.8500 barriers, extending gains to 0.8524 so far, just ahead of key short-term resistances at 0.8541, trendline resistance and 0.8548/50, 16 June high/ 04 May low. Break here is required to ease bear-pressure on the wider picture and possible near-term basing, ahead of stronger correction. Initial supports lie at 0.8460/0.8390, with the latter expected to contain corrective pullbacks to maintain immediate bulls.


Res: 0.8500, 0.8524, 0.8541, 0.8550
Sup: 0.8461, 0.8391, 0.8366, 0.8335

 

[WindsorBrokers]

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

EUR/USD

Consolidates the recent reversal from 1.4576/52 highs, after finding temporary support at 1.4450 zone, just ahead of strong support at 1.4440/35. Regain of yesterday’s low at 1.4500 area, as well as hourly 20 day MA would signal fresh strength, with clearance of 1.4576 to open way for extension of broader uptrend from 1.4100 and target 1.4600, ahead of strong resistance at 1.4695, 07 June high. Only loss of 1.4435 would weaken near-term structure and allow deeper correction.

Res: 1.4494, 1.4501, 1.4552, 1.4576
Sup: 1.4456, 1.4440, 1.4435, 1.4400

GBP/USD

Fresh strength from 1.5990, today’s low, has regained 1.61 barrier, extending gains to 1.6126, just ahead of 1.6139, yesterday’s high. Consolidation at 1.6100 zone is underway, with strengthened near-term structure, setting scope for fresh gains through the recent range ceiling at 1.6139, to focus 1.6200/61 next. 20 day MA, currently at 1.6070, supports the advance, while potential break below 1.6050 to signal a return to range trading.

Res: 1.6126, 1.6139, 1.6166, 1.6200
Sup: 1.6070, 1.6050, 1.6000, 1.5990

USD/JPY

Regains strength after support was found at 80.52 yesterday, but struggling to regain initial barrier at 81.26. Break above here is required to resume short-term uptrend from 79.68/80.00 and expose 81.76/82.20. Corrective dips need to be contained above 80.50, to keep immediate bulls in play.

Res: 81.18, 81.26, 81.76, 82.20
Sup: 80.97, 80.70, 80.52, 80.40

USD/CHF

Maintains near-term positive structure fresh all-time low at 0.8273, after strong rally cleared 0.8450/0.8500 barriers, extending gains to 0.8524 so far, just ahead of key short-term resistance at 0.8548/50, 16 June high/ 04 May low. Current corrective/consolidative trading is seen preceding fresh attempt higher, with clearance of 0.8450 barrier to signal stronger recovery. Only loss of 0.8400/8390 support zone, would weaken the near-term positive structure.


Res: 0.8504, 0.8524, 0.8550, 0.8600
Sup: 0.8427, 0.8400, 0.8391, 0.8366

 

[WindsorBrokers]

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

EUR/USD

Eases further from fresh top at 1.4576, posted on 04 July, losing 1.4440/35 support zone, to retrace 38.2% of 1.4100/1.4576 upleg at 1.4396. The latest bounce is seen corrective while 1.4500, yesterday’s high / 20 day MA zone remains intact. Near-term studies favor further correction, with 1.4340/00, 50% retracement / 24 June high, seen next. Only clearance of 1.4500 would improve the structure and expose 1.4552 instead.

Res: 1.4465, 1.4495, 1.4552, 1.4576
Sup: 1.4415, 1.4396, 1.4359, 1.4338

GBP/USD

Continues to travel south after yesterday’s recovery attempt from fresh lows under 1.6000 failed to sustain gains above 1.6100 handle. Fresh weakness is under way, looking for test of 1.6000/1.5990 and 1.5970, 30 June low, below which would signal an end of recovery phase from 1.5910 and open way for retest of the latter. On the upside, regain of 1.6100 barrier would ease current bear pressure, but clearance of 1.6126/39 is needed to confirm return to strength and open 1.6200/61 next.

Res: 1.6090, 1.6126, 1.6139, 1.6166
Sup: 1.6015, 1.6000, 1.5990, 1.5970

USD/JPY

Struggles to hold gains above 81.00 mark, as yesterday’s fresh strength stalled on approach to 81.26, 28 June high and key near-term barrier, with subsequent reversal dipping under 81.00, to dent the trendline connecting 80.25/80.52, at 80.81. Clear break here would expose 80.52 and then 80.30/25, 30 June low / main trendline support, break of which would weaken the short-term positive structure off 79.68. Regain of 81.00, 20 day MA, is required to signal return to strength and expose 81.18/26 for retest.

Res: 80.94, 81.00, 81.18, 81.26
Sup: 80.79, 80.62, 80.52, 80.30

USD/CHF

Weakens the near-term positive tone after strong rally from 0.8300 stalled at 0.8524, just ahead of key barrier at 0.8550, with subsequent reversal losses to the levels under 0.8400 after losing yesterday’s low at 0.8427. Over 50% of ascend from 0.8273 to 0.8524 has so far been retraced, posting fresh low at 0.8382. Current consolidation is so far capped by 20 day MA at 0.8416, with further easing towards 0.8300 support been favored, as broader bearish outlook remains intact while under 0.8550.

Res: 0.8416, 0.8427, 0.8456, 0.8470
Sup: 0.8382, 0.8366, 0.8336, 0.8304

 

[WindsorBrokers]

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

EUR/USD

Reversal from 1.4576 high emerges below daily Ichimoku cloud, to confirm negative near-term structure. Strong support at 1.4300 zone has been tested, ahead of Fibonacci 61.8% at 1.4282 and possible extension to 1.4236, 28 June low, seen on a break. Corrective bounce on extremely overextended hourly studies is expected to precede fresh leg lower, with initial resistance at 1.4400 zone, yesterday’s low / 20 day MA, ahead of 1.4465, today’s high, clearance of which would improve near-term outlook.

Res: 1.4369, 1.4396, 1.4465, 1.4495
Sup: 1.4301, 1.4282, 1.4236, 1.4200

GBP/USD

Maintains near-term negative tone after yesterday’s recovery attempt from fresh lows under 1.6000 failed to sustain gains above 1.6100 handle. Fresh weakness is under way, extending losses to the l levels under 1.6000/1.5990 supports. Bounce on oversold hourly conditions emerged from today’s fresh low at 1.5984, with 1.6038/48, yesterday’s low / hourly 20 day MA, offering initial barrier. On the downside, loss of 1.5982/70 supports would risk fresh weakness into 1.5910/1.5880.

Res: 1.6038, 1.6048, 1.6090, 1.6126
Sup: 1.5984, 1.5970, 1.5910, 1.5880

USD/JPY

Struggles to hold gains above 81.00 mark, as yesterday’s fresh strength stalled on approach to 81.26, 28 June high and key near-term barrier, with subsequent reversal dipping under 81.00, to dent the trendline connecting 80.25/80.52, at 80.81. Clear break here would expose 80.52 and then 80.30/25, 30 June low / main trendline support, break of which would weaken the short-term positive structure off 79.68. Regain of 81.00, 20 day MA, is required to signal return to strength and expose 81.18/26 for retest.

Res: 80.94, 81.09, 81.18, 81.26
Sup: 80.79, 80.62, 80.52, 80.30

USD/CHF

Weakens the near-term positive tone after strong rally from 0.8300 stalled at 0.8524, just ahead of key barrier at 0.8550, with subsequent reversal losses to the levels under 0.8400 after losing yesterday’s low at 0.8427. Over 50% of ascend from 0.8273 to 0.8524 has so far been retraced, posting fresh low at 0.8382. Corrective attempt was capped at 0.8441, with further easing towards 0.8300 support been favored, as broader bearish outlook remains intact while under 0.8550.

Res: 0.8441, 0.8456, 0.8470, 0.8504
Sup: 0.8382, 0.8366, 0.8336, 0.8304

 

[WindsorBrokers]

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

EUR/USD

Consolidates around 1.4300, previous support area, after fresh losses through the latter extended to retrace 61.8% of 1.4102/1.4576 ascend at 1.4285, yesterday’s low. Near-term studies remain skewed to the downside, as daily outlook loses momentum. Corrective action on oversold hourly conditions is for now seen capped at 1.4400/35 zone, with fresh weakness through 1.4285 to target 1.4236/00, ahead of trendline support at 1.4165.

Res: 1.4346, 1.4369, 1.4396, 1.4435
Sup: 1.4310, 1.4285, 1.4236, 1.4200

GBP/USD

Remains under pressure after fully retracing the latest recovery attempt from 1.5947, yesterday’s low, that stalled at 1.6017 and subsequent weakness posted fresh low at 1.5943 today. Negative near-term picture favors further losses, with key support at 1.5910 in focus, as pair continues to channel lower from 1.6745 and broke below 200 day MA, on a daily chart. On the upside, immediate barrier lies at 1.6000 zone, while 20 day MA, currently at 1.6055, is expected to cap corrective attempt. Regain of key short-term barrier at 1.6139 would improve and signal fresh strength.

Res: 1.6000, 1.6017, 1.6038, 1.6048
Sup: 1.5943, 1.5910, 1.5880, 1.5821

USD/JPY

Is trading in a near-term sideways mode after failure to hold gains above 81.00 mark triggered reversal through triangle support. Temporary support was so far found at 80.75, just ahead of 80.70 support, keeping hopes of fresh attack at/through 81.00 barrier, to focus key short-term level at 81.26, break of which is needed to maintain recovery phase from 79.68 and expose 81.76/82.20 resistances. On the downside, loss of 80.70 weakens near-term tone for 80.25/00.

Res: 81.00, 81.09, 81.18, 81.26
Sup: 80.75, 80.69, 80.52, 80.25

USD/CHF

Near-term price action is entrenched in a narrow range around 0.8400 level, after reversal from 0.8524, fresh two-week high, erased over 61.8% of 0.8273/0.8524 rally, to hit 0.8362 low thus far. Near-term tone remains negative, with initial barrier at 0.8440, yesterday’s high / 20 day MA, limiting the upside. Loss of 0.8362 to open 0.8337/00 zone for retest, ahead of historical low at 0.8273. On the upside, regain of 0.8440/50 would improve near-term picture, however, clearance of 0.8550 is required to signal fresh recovery.

Res: 0.8441, 0.8456, 0.8470, 0.8504
Sup: 0.8362, 0.8337, 0.8304, 0.8273

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD

Consolidates around 1.4300, previous support area, after fresh losses through the latter extended to retrace 61.8% of 1.4102/1.4576 ascend at 1.4285, yesterday’s low. Near-term studies remain skewed to the downside, as daily outlook loses momentum. Corrective action on oversold hourly conditions is for now seen capped at 1.4400/35 zone, with fresh weakness through 1.4285 to target 1.4236/00, ahead of trendline support at 1.4165.

Res: 1.4346, 1.4369, 1.4396, 1.4435
Sup: 1.4310, 1.4285, 1.4236, 1.4200

GBP/USD

Remains under pressure after fully retracing the latest recovery attempt from 1.5947, yesterday’s low, that stalled at 1.6017 and subsequent weakness posted fresh low at 1.5943 today. Negative near-term picture favors further losses, with key support at 1.5910 in focus, as pair continues to channel lower from 1.6745 and broke below 200 day MA, on a daily chart. On the upside, immediate barrier lies at 1.6000 zone, while 20 day MA, currently at 1.6055, is expected to cap corrective attempt. Regain of key short-term barrier at 1.6139 would improve and signal fresh strength.

Res: 1.6000, 1.6017, 1.6038, 1.6048
Sup: 1.5943, 1.5910, 1.5880, 1.5821

USD/JPY

Is trading in a near-term sideways mode after failure to hold gains above 81.00 mark triggered reversal through triangle support. Temporary support was so far found at 80.75, just ahead of 80.70 support, keeping hopes of fresh attack at/through 81.00 barrier, to focus key short-term level at 81.26, break of which is needed to maintain recovery phase from 79.68 and expose 81.76/82.20 resistances. On the downside, loss of 80.70 weakens near-term tone for 80.25/00.

Res: 81.00, 81.09, 81.18, 81.26
Sup: 80.75, 80.69, 80.52, 80.25

USD/CHF

Near-term price action is entrenched in a narrow range around 0.8400 level, after reversal from 0.8524, fresh two-week high, erased over 61.8% of 0.8273/0.8524 rally, to hit 0.8362 low thus far. Near-term tone remains negative, with initial barrier at 0.8440, yesterday’s high / 20 day MA, limiting the upside. Loss of 0.8362 to open 0.8337/00 zone for retest, ahead of historical low at 0.8273. On the upside, regain of 0.8440/50 would improve near-term picture, however, clearance of 0.8550 is required to signal fresh recovery.

Res: 0.8441, 0.8456, 0.8470, 0.8504
Sup: 0.8362, 0.8337, 0.8304, 0.8273

 

[WindsorBrokers]

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

EUR/USD

Extends weakness from 1.4576 high after brief consolidation at 1.4300 zone, losing 1.4236, 28 June low, to reach 1.4220 low so far. Further decline looks for test of trendline from 1.3968, currently at 1.4168, loss of which would confirm top at 1.4576 and open 1.4100/1.4073 lows for test. Today’s consolidative range ceiling at 1.4346 offers initial resistance, ahead of strong barrier at 1.4400 zone.

Res: 1.4346, 1.4369, 1.4396, 1.4435
Sup: 1.4220, 1.4200, 1.4168, 1.4102

GBP/USD

Remains under pressure after fully retracing the latest recovery attempt from 1.5947, yesterday’s low, that stalled at 1.6017 and subsequent weakness posted fresh low at 1.5943 today. Negative near-term picture favors further losses, with key support at 1.5910 in focus, as pair continues to channel lower from 1.6745 and broke below 200 day MA, on a daily chart. On the upside, immediate barrier lies at 1.6000 zone, while 20 day MA, currently at 1.6055, is expected to cap corrective attempt. Regain of key short-term barrier at 1.6139 would improve and signal fresh strength.

Res: 1.6000, 1.6017, 1.6038, 1.6048
Sup: 1.5943, 1.5910, 1.5880, 1.5821

USD/JPY

Returns to strength, after false break below main short-term trendline found support at 80.80/70 zone, with fresh rally regaining 81.00/26 barriers. This increases hopes for further recovery and extension of broader uptrend from 79.68/80.00 lows. Key upside levels are 81.76 and 82.20, along with 200 day MA, currently at 82.08.

Res: 81.50, 81.76, 82.08, 82.20
Sup: 81.09, 80.88, 80.75, 80.69

USD/CHF

Bounces higher after reversal from 0.8524 found temporary support at 0.8380/70 zone. Fresh rally spiked to the levels just under 0.8500, signaling possible resumption of recovery from 0.8273/0.8304, interrupted by 0.8524/0.8370 correction. To confirm this, regain of 0.8524 is required, with clearance of key short-term barrier at 0.8550 to suggest possible basing for fresh recovery phase. Rejection under 0.8500/24, however, risks lower top and fresh weakness, with break below 0.8360 to bring near-term bears back in play.

Res: 0.8493, 0.8504, 0.8524, 0.8450
Sup: 0.8400, 0.8378, 0.8362, 0.8337

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD

Extends weakness from 1.4576 high after brief consolidation at 1.4300 zone, losing 1.4236, 28 June low, to reach 1.4220 low so far. Further decline looks for test of trendline from 1.3968, currently at 1.4168, loss of which would confirm top at 1.4576 and open 1.4100/1.4073 lows for test. Today’s consolidative range ceiling at 1.4346 offers initial resistance, ahead of strong barrier at 1.4400 zone.

Res: 1.4346, 1.4369, 1.4396, 1.4435
Sup: 1.4220, 1.4200, 1.4168, 1.4102

GBP/USD

Remains under pressure after fully retracing the latest recovery attempt from 1.5947, yesterday’s low, that stalled at 1.6017 and subsequent weakness posted fresh low at 1.5943 today. Negative near-term picture favors further losses, with key support at 1.5910 in focus, as pair continues to channel lower from 1.6745 and broke below 200 day MA, on a daily chart. On the upside, immediate barrier lies at 1.6000 zone, while 20 day MA, currently at 1.6055, is expected to cap corrective attempt. Regain of key short-term barrier at 1.6139 would improve and signal fresh strength.

Res: 1.6000, 1.6017, 1.6038, 1.6048
Sup: 1.5943, 1.5910, 1.5880, 1.5821

USD/JPY

Returns to strength, after false break below main short-term trendline found support at 80.80/70 zone, with fresh rally regaining 81.00/26 barriers. This increases hopes for further recovery and extension of broader uptrend from 79.68/80.00 lows. Key upside levels are 81.76 and 82.20, along with 200 day MA, currently at 82.08.

Res: 81.50, 81.76, 82.08, 82.20
Sup: 81.09, 80.88, 80.75, 80.69

USD/CHF

Bounces higher after reversal from 0.8524 found temporary support at 0.8380/70 zone. Fresh rally spiked to the levels just under 0.8500, signaling possible resumption of recovery from 0.8273/0.8304, interrupted by 0.8524/0.8370 correction. To confirm this, regain of 0.8524 is required, with clearance of key short-term barrier at 0.8550 to suggest possible basing for fresh recovery phase. Rejection under 0.8500/24, however, risks lower top and fresh weakness, with break below 0.8360 to bring near-term bears back in play.

Res: 0.8493, 0.8504, 0.8524, 0.8450
Sup: 0.8400, 0.8378, 0.8362, 0.8337

 

[WindsorBrokers]

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

EUR/USD

Corrects the recent losses from 1.4576 high that bottomed at 1.4220 yesterday. Regain of 1.4300 handle, with extension to 1.4370 so far, looks for upside test of 1.4400 initially, ahead strong resistance zone at 1.4435/65, where bears are expected to return in play, to maintain short-term negative structure. Below 1.4220 opens 1.4170, trendline support. On the upside, break above 1.4465/1.4500 would signal an end of near-term weakness and re-focus 1.4576.

Res: 1.4373, 1.4396, 1.4435, 1.4465
Sup: 1.4332, 1.4300, 1.4285, 1.4220

GBP/USD

Maintains negative near-term tone, as upside remains capped at 1.6100 zone and fresh weakness extending losses towards key support at 1.5910, 28 June low. Break here to open way for fresh leg lower of the broader downtrend from 1.6475 and expose 1.5880, Fib 61.8% of 1.5343/1.6745 ascend, ahead of 1.5821, 31 Jan low.

Res: 1.6000, 1.6017, 1.6038, 1.6090
Sup: 1.5937, 1.5910, 1.5880, 1.5821

USD/JPY

Accelerates gains, after finding support at 80.80/70 zone, to clear 81.00/26 barriers, with 81.40 seen so far. Daily 90 day MA comes next, currently at 81.49, ahead of key static barriers at 81.76/82.20 and 200 day MA, currently at 82.07. Break here is needed to ease bear pressure and signal short-term basing for possible attempt towards key resistance at 85.50, 03 Apr high. Initial support lies at 81.00/80.76 zone, and holding above here keeps near-term positive structure intact.

Res: 81.50, 81.76, 82.08, 82.20
Sup: 81.17, 81.09, 80.88, 80.76

USD/CHF

Yesterday’s close above 0.8400 mark keeps near-term positive structure in play after rally from 0.8360 low surged to test 0.8500 zone. Fresh strength from 0.8420, yesterday’s higher low, is under way, with clearance of 0.8514, trendline resistance and 0.8524, 01 July high, is required to resume gains towards key barrier at 0.8550, break of which would signal short-term base and possible stronger recovery. On the downside, 0.8420 offers initial support, ahead of trendline at 0.8388 and previous low at 0.8362 key near-term supports.

Res: 0.8493, 0.8504, 0.8524, 0.8450
Sup: 0.8420, 0.8400, 0.8388, 0.8362

 

[WindsorBrokers]

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

EUR/USD

Maintains broader downtrend off 1.4938, 04 May peak, as the recent recovery attempt was capped at 1.4576. Fresh weakness is currently attempting at triangle support at 1.4167, with clear break here to open way for test of short-term supports at 1.4102 and 1.4073, 27 / 16 June lows, ahead of possible attempt at key support at 1.3968, 23 May low. Overextended near-term studies suggest correction, with 20 day MA, currently at 1.4300, offering initial resistance. Only break above 1.4373 would improve near-term outlook.

Res: 1.4225, 1.4271, 1.4300, 1.4373
Sup: 1.4102, 1.4073, 1.4000, 1.3968

GBP/USD

Remains under pressure after rally from last Friday’s low at 1.5930 stalled at 1.6077, near 200 day MA. Subsequent sell-off has dipped to 1.5956 so far. Negative broader outlook favors fresh attack at 1.5930/10, loss of which would signal an extension of the downtrend from 1.6745, 28 Apr high, and open way for test of 1.5880, Fibonacci level, ahead of 1.5821/1.5750, Jan lows. Upside attempts should stay capped at 1.6050 zone to maintain bears.

Res: 1.6000, 1.6041, 1.6047, 1.6077
Sup: 1.5930, 1.5910, 1.5880, 1.5821

USD/JPY

Undergoes near-term recovery after last Friday’s sharp decline from 81.46 high found temporary support at 80.50. Initial resistance at 80.78 has been regained, with 81.00 zone, 20 day MA, 15 June high, seen next, ahead of possible attempt at key barrier at 81.46, as wider picture positive tone off 80.00 remains intact for now, while main trendline at 80.40 stays intact. Loss of the latter would soften short-term tone and expose 80.25/00 instead.

Res: 81.00, 81.26, 81.46, 81.76
Sup: 80.48, 80.40, 80.25, 80.00

USD/CHF

Has dipped sharply after recovery from 0.8362, 06 July low was capped at 0.8519 trendline resistance. Loss of 0.8392, trendline support and previous low at 0.8362, weakens the near-term structure and signals possible end of recovery phase from 0.8273, fresh historical low, as more than 61.8% of 0.82730.8524 upleg has so far been retraced. Current corrective attempt is for now seen capped at 0.8400/30 zone.

Res: 0.8400, 0.8430, 0.8445, 0.8491
Sup: 0.8356, 0.8337, 0.8305, 0.8295

 

[WindsorBrokers]

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

EUR/USD
Accelerates losses from 1.4576, 04 July lower top, losing 1.4102 and 1.4073, 27 / 16 June lows. Focus is now at 1.4000 and key short-term level at 1.3968, 23 May low, loss of which would signal an extension of corrective phase from 1.4938 and expose 1.3860, possibly 1.3750 on a break. Previous supports at 1.4102 and 1.4200, now reverted to resistance, are expected to cap.

Res: 1.4073, 1.4102, 1.4186, 1.4200
Sup: 1.4000, 1.3968, 1.3900, 1.3860

GBP/USD

Has ended the near-term recovery attempt from 1.5910 that was capped at 1.6039, after today’s break below 1.5910/00 support zone. Immediate target lies at 1.5880, Fib 61.8% of 1.5343/1.6745 ascend, with test of 1.5820/1.5750 seen on a break. On the upside, 1.6000/57 zone offers immediate resistance, while only break above 1.6139 improves.

Res: 1.5942, 1.6000, 1.6045, 1.6057
Sup: 1.5887, 1.5880, 1.5821, 1.5800

USD/JPY

Today’s corrective attempt from 80.50 low was short-lived, as gains were capped at 80.82, ahead of fresh leg lower. Loss of 80.50 and trendline support at 80.40 further weakens the structure and increases risk of testing key supports at 80.00/79.68. Today’s high at 80.82 limits the upside for now.

Res: 80.60, 80.82, 81.00, 81.26
Sup: 80.25, 80.00, 79.68, 79.55

USD/CHF

Has dipped sharply after recovery from 0.8362, 06 July low was capped at 0.8519 trendline resistance. Loss of 0.8392, trendline support and previous low at 0.8362, weakens the near-term structure and signals possible end of recovery phase from 0.8273, fresh historical low, as more than 61.8% of 0.82730.8524 upleg has so far been retraced. Corrective attempt was capped just under 0.8400, with fresh weakness under way.

Res: 0.8386, 0.8400, 0.8430, 0.8445
Sup: 0.8328, 0.8305, 0.8295, 0.8273

 

[WindsorBrokers]

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

EUR/USD

Continues to travel south, extending the downleg from 1.4576, after losing supports at 1.4102 / 1.4073 and key level at 1.3968. This opens fresh bear phase and confirms top at 1.4938. Next target lies at 1.3907, daily 200 day MA, loss of which to open 1.3860 zone, 02 Feb high / 15 Mar low, next. Overextended near-term studies, however, signal possible corrective action, with initial barriers at 1.3968, now reverted to resistance, and 1.4073/1.4100 area next. 20 day MA, currently at 1.4200, is expected to cap.

Res: 1.3968, 1.4000, 1.4073, 1.4100
Sup: 1.3907, 1.3900, 1.3860, 1.3800

GBP/USD

Extends bear-trend from 1.6745, 28 Apr high, after losing key near-term support at 1.5910 and Fibonacci level at 1.5880, to approach next target at 1.5820, 31 Jan low, ahead of 1.5764, bear-channel support and strong support at 1.5750, 25 Jan low. Oversold near-term studies see scope for correction, ahead of fresh leg lower, with immediate resistances at 1.5900/30 zone, while daily 200 day MA, currently at 1.6045, limits the upside.

Res: 1.5910, 1.5930, 1.5972, 1.5990
Sup: 1.5832, 1.5821, 1.5800, 1.5750

USD/JPY

Slumps through 80.25/00 support zone, after breaking below trendline support at 80.40 yesterday, to further weaken the short-term structure. Loss of 80.00 level, has so far reached 79.82, just ahead of key supports at 79.68/55, 08 June / 05 May low, break of which would signal and end of two-month consolidative phase and extension of broader weakness from 85.50, 06 Apr high. Corrective attempts on oversold near-term conditions, should be capped at 80.50, to maintain bear-tone.

Res: 80.00, 80.25, 80.50, 80.82
Sup: 79.82, 79.68, 79.55, 79.06

USD/CHF

Near- term recovery attempt is under way after sharp losses from 0.8520 zone found support at 0.8328 yesterday. This is seen corrective while 20 day MA, currently at 0.8400 zone, caps. However, further correction towards 0.8450, trendline resistance, is not ruled out, before bears re-assert for fresh attack at 0.8328, then 0.8300 and historical low at 0.8273.

Res: 0.8366, 0.8420, 0.8430, 0.8445
Sup: 0.8345, 0.8328, 0.8305, 0.8295

 

[WindsorBrokers]

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

EUR/USD

Corrects the recent losses that dipped through 1.3907, 200 day MA and 1.3860, 02 Feb high / 15 Mar low, to find temporary support at 1.3836. Bounce on oversold hourly conditions regained 1.3968/1.4000 barriers so far, with further extension towards 1.4100, previous low and 1.4165, 20 day MA, seen ahead of reversal, as broader structure remains negative. Loss of 1.3836/00 to open way for test of next target at 1.3750, 11 Mar low.

Res: 1.4023, 1.4073, 1.4100, 1.4165
Sup: 1.3902, 1.3836, 1.3800, 1.3750

GBP/USD

Extends bear-trend from 1.6745, 28 Apr high, after losing key near-term supports at 1.5910 / 1.5880, breaking below 1.5820/00, to hit 1.5780, just ahead of bear channel support at 1.5767 and strong support at 1.5750, 25 Jan low. Corrective/consolidative phase is under way, before fresh leg lower, with initial barriers at 1.5910/30, while daily 200 day MA, currently at 1.6045, limits the upside.

Res: 1.5871, 1.5910, 1.5930, 1.5972
Sup: 1.5780, 1.5750, 1.5717, 1.5700

USD/JPY

Loss of 80.25/00 support zone has accelerated losses through key short-term supports at 79.68/25, to post fresh 4-month low at 79.16, just above our target at 79.06, 18 Mar low. This signals an end of two-month consolidative phase and extension of broader weakness from 85.50, 06 Apr high. . Corrective attempts on oversold near-term conditions should be capped at 80.50, to maintain bear-tone.

Res: 80.00, 80.25, 80.50, 80.82
Sup: 79.52, 79.16, 79.06, 78.50

USD/CHF

Recovery attempt from yesterday’s low at 0.8328 was short-lived, as gains were capped by 20 day MA, at 0.8396. Subsequent weakness reached fresh low at 0.8311, confirming negative structure and looking for test of 0.8300/0.8273 lows, below which to open fresh phase lower and post new record lows. On the upside, 0.8400 offers strong resistance.

Res: 0.8365, 0.8400, 0.8420, 0.8430
Sup: 0.8311, 0.8305, 0.8295, 0.8273

 

[market_bull]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

Wow, those charts paint quite a depressing scene. Van Gogh couldn't have done it better.

 

[WindsorBrokers]

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

EUR/USD

Trades in a corrective mode after yesterday’s loss of key support levels extended losses to post fresh 4-month low at 1.3836. Corrective bounce has so far reached 1.4053, with current sideways trading at 1.4000 zone. Overall tone remains negative, with lower top seen under 1.4100, ahead of fresh leg lower. Levels to watch at the downside are: 1.3950, 1.3900 and 1.3836, below which to focus 1.3750. On the upside, immediate barrier lies at 1.4053/73, while 1.4100, previous low / 20 day MA, caps for now.

Res: 1.4053, 1.4073, 1.4100, 1.4165
Sup: 1.3950, 1.3900, 1.3836, 1.3800

GBP/USD

Correction off yesterday’s low at 1.5780 is congested at 1.5950 zone, as 20 day MA limits the upside for now. However, near-term outlook is regaining momentum and further recovery is not ruled out, with key near-term barrier at 1.6045, 200 day MA, expected to cap. On the downside, 1.5750 remains in focus.

Res: 1.6000, 1.6045, 1.6077, 1.6100
Sup: 1.5903, 1.5880, 1.5824, 1.5780

USD/JPY

Has accelerated losses after breaking below key supports at 79.68/55 and 79.00, to spike to fresh 4-month low at 78.45. This confirms an extension of the broader downtrend from 85.50 and open way for possible retest of 76.32, 16 Mar, pre-intervention low. Corrective attempts are seen capped at 80.00 for now.

Res: 79.55, 79.68, 80.00, 80.25
Sup: 79.30, 79.11, 78.45, 78.00

USD/CHF

Recovery attempt from 0.8328 was short-lived, as gains were capped just under 0.8400 barrier and subsequent weakness extended losses to nearly fully retrace the recent 0.8273/0.8524 corrective phase. This brings bears fully in play for fresh leg lower, with 0.8200/0.8160 seen next. On the upside, regain of 0.8328 is needed to ease immediate bear pressure.

Res: 0.8300, 0.8328, 0.8365, 0.8400
Sup: 0.8285, 0.8279, 0.8273, 0.8250

 

[WindsorBrokers]

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

EUR/USD

Remains in a corrective mode off 1.3836, yesterday’s low, regaining 1.4100 zone so far. Near-term studies are supportive for further retracement of 1.4576/1.3836 decline, with lower top anticipated at 1.4200 zone, also Fib 50%, before fresh leg lower. Wider picture, however, remains bearish, with 1.3750, 11 Mar low in focus.

Res: 1.4109, 1.4165, 1.4200, 1.4230
Sup: 1.3950, 1.3900, 1.3836, 1.3800

GBP/USD

Corrective attempt off yesterday’s low at 1.5780 remains congested at 1.5950 zone, with spike to 1.5988 high seen so far. However, near-term outlook is regaining momentum and break above 20 day MA favors further recovery. Key near-term barrier at 1.6045, 200 day MA, is expected to cap. Broader bear-trend keeps focus on 1.5750, 25 Jan low.

Res: 1.5988, 1.6000, 1.6045, 1.6077
Sup: 1.5931, 1.5903, 1.5880, 1.5824

USD/JPY

Has accelerated losses after breaking below key supports at 79.68/55 and 79.00, to spike to fresh 4-month low at 78.45. This confirms an extension of the broader downtrend from 85.50 and open way for possible retest of 76.32, 16 Mar, pre-intervention low. Corrective attempts are seen capped at 80.00 for now.

Res: 79.55, 79.68, 80.00, 80.25
Sup: 79.11, 78.45, 78.00, 77.50

USD/CHF

Recovery attempt from 0.8328 was short-lived, as gains were capped just under 0.8400 barrier and subsequent weakness extended losses to fully retrace the recent 0.8273/0.8524 corrective phase and post fresh record lows. This brings bears fully in play for fresh leg lower, with 0.8200/0.8160 seen next. On the upside, regain of 0.8328 is needed to ease immediate bear pressure.

Res: 0.8300, 0.8328, 0.8365, 0.8400
Sup: 0.8250, 0.8200, 0.8160, 0.8150