Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

Strong rebound from 1.3836, 12 July low, exceeded our barrier at 1.4200, to extend gain to 1.4281 so far, just under Fib 61.8% retracement of 1.4576/1.3836 downleg. This confirms temporary bottom at 1.3836 and turns near-term focus higher. Corrective pullback from 1.4281, on overbought hourly conditions, has so far been contained by 20 day MA at 1.4165, with further reversal to be contained at 1.4130/00 zone, to keep immediate bulls in play. Above 1.4281 open way for test of key near-term resistance at 1.4373.

Res: 1.4250, 1.4281, 1.4300, 1.4351
Sup: 1.4165, 1.4130, 1.4109, 1.4098

GBP/USD

Strong rally that emerged after yesterday’s consolidation at 1.5960/00 zone, breached key near-term resistances at 1.6045/77, 200 day MA, 08 July high and 1.6139, 04 July correction top, to extend recovery from fresh 7-month low at 1.5779, posted on 12 July. New high was reached at 1.6192, ahead of corrective easing. Dips should hold above 1.6050, to maintain near-term bull-tone for fresh attempt through 1.6200 zone, towards next strong barriers at 1.6248/61, bear-channel resistance / 22 June high.

Res: 1.6192, 1.6248, 1.6261, 1.6300
Sup: 1.6149, 1.6109, 1.6077, 1.6047

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 by 20 day MA, currently at 79.64 and 80.00 zone for now.

Res: 79.59, 79.68, 80.00, 80.25
Sup: 78.62, 78.55, 78.45, 78.00

USD/CHF

Slumps to a fresh historical low at 0.8073 overnight, after yesterday’s loss of previous low at 0.8273 accelerated losses. Corrective action on extremely overextended hourly studies is seen preceding fresh weakness, with 0.8000, then 0.7900 levels in focus, as wider picture outlook remains firmly bearish. Immediate barrier at 0.8170, today’s high / 20 day MA, needs to be cleared, to open way for stronger correction, with 0.8200/80 seen next.

Res: 0.8171, 0.8200, 0.8280, 0.8309
Sup: 0.8111, 0.8100, 0.8073, 0.8000

 

[WindsorBrokers]

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

EUR/USD

Maintains near-term positive tone off 1.3836, after gains peaked at 1.4281 and subsequent pullback found support at 1.4156, just above initial support at 1.4130. Regain of 1.4281 is sought for resumption of current uptrend towards key near-term barrier at 1.4373, 07 July high. Failure to clear 1.4281 would risk further easing, as hourly momentum is waning. Loss of 1.4100 support, however, to weaken the structure.

Res: 1.4257, 1.4281, 1.4300, 1.4351
Sup: 1.4156, 1.4130, 1.4109, 1.4098

GBP/USD

Strong rally that emerged after yesterday’s consolidation at 1.5960/00 zone, breached key near-term resistances at 1.6045/77, 200 day MA, 08 July high and 1.6139, 04 July correction top, to extend recovery from fresh 7-month low at 1.5779, posted on 12 July. New high was reached at 1.6192, ahead of corrective easing. Corrective easing should hold above 1.6050, to maintain near-term bull-tone for fresh attempt through 1.6200 zone, towards next strong barriers at 1.6248/61, bear-channel resistance / 22 June high.

Res: 1.6192, 1.6248, 1.6261, 1.6300
Sup: 1.6094, 1.6077, 1.6047, 1.6000

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 were limited by 20 day MA, while 80.00 zone caps for now.

Res: 79.59, 79.68, 80.00, 80.25
Sup: 78.62, 78.55, 78.45, 78.00

USD/CHF

Slumps to a fresh historical low at 0.8073 overnight, after yesterday’s loss of previous low at 0.8273 accelerated losses. Corrective action on extremely overextended hourly studies is seen preceding fresh weakness, with 0.8000, then 0.7900 levels in focus, as wider picture outlook remains firmly bearish. Attempt through 0.8170, today’s high, to open way for stronger correction, with 0.8200/80 seen next.

Res: 0.8200, 0.8280, 0.8309, 0.8365
Sup: 0.8142, 0.8111, 0.8100, 0.8073

 

[WindsorBrokers]

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

EUR/USD

Corrective easing from yesterday’s high at 1.4281 has retraced 38.2% of 1.3836/1.4281 upleg at 1.4114. However, near-term positive tone from 1.3836 remains intact while 1.4100 support zone, also 20 day MA, holds, with regain of 1.4200 initial barrier, sought for retest of 1.4281 and possible extension towards 1.4373, 07 July high. Loss of 1.4100 would soften the structure and open 1.4050/35 instead.

Res: 1.4200, 1.4247, 1.4257, 1.4281
Sup: 1.4114, 1.4109, 1.4098, 1.4054

GBP/USD

Trades in a narrow range, consolidating the latest rally from 1.5779, 12 July low that peaked at 1.6192. Holding above 1.6100 handle, keeps the immediate bears in play for fresh push higher, and above 1.6200 to focus 1.6238, bear channel resistance and 1.6261, 22 June high. Further reversal, however, is not ruled out, as near-term studies started pointing lower, with 1.6030 zone, Fib 38.2% / 20 day MA, expected to contain dips.

Res: 1.6192, 1.6248, 1.6261, 1.6300
Sup: 1.6094, 1.6077, 1.6047, 1.6030

USD/JPY

Narrow range sideways trading above 79.00 mark has followed the latest recovery attempt from 78.45, fresh four month low that peaked at 79.59 yesterday. Near term tone remains supportive for fresh push higher, while 79.00 zone, also 20 day MA, holds. However, regain of 79.60 and 80.00 levels, that will signal a return to the previous range, is required. Otherwise, below 79.00, immediate target lies at 78.45, with possible extension towards 76.32 not ruled out short-term.

Res: 79.59, 79.68, 80.00, 80.25
Sup: 78.88, 78.55, 78.45, 78.00

USD/CHF

Trades in a near-term corrective mode after suffering heavy losses on a break of previous record low at 0.8273 and posting fresh all-time low at 0.8073. Recovery has so far tested 0.8200, with regain of 0.8230, 20 day MA and 0.8273, previous low, now reverted to resistance, needed to signal stronger recovery. Wider picture outlook, however, remains firmly bearish, looking for fresh leg lower, after ending current corrective phase. Below 0.8073 to focus 0.8000/0.7900 next.

Res: 0.8200, 0.8280, 0.8309, 0.8365
Sup: 0.8119, 0.8111, 0.8100, 0.8073

 

[WindsorBrokers]

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

EUR/USD

Maintains near-term bearish tone from 1.4281, 14 July high. Today’s lower opening confirms, with break below Fib 50% of 1.3836/1.4281 at 1.4058 and loss of 13 July low at 1.4035, now looking for test of Fib 61.8% at 1.4006, below which and psychological 1.4000 level would open 1.3950 first, with possible full retracement and test of 1.3836 favored. On the upside, 1.4090/1.4110, Friday’s intraday lows / 20 day MA, offers immediate resistance, while only break above 1.4200 barrier would ease bear pressure.

Res: 1.4090, 1.4110, 1.4188, 1.4198
Sup: 1.4006, 1.4000, 1.3950, 1.3900

GBP/USD

Hovers at 1.6100 zone, following pullback from 1.6192, 14 July high, with 20 day MA, currently at 1.6096, containing dips for now. Further reversal, however, would be targeting strong support at 1.6050/30 zone, daily 200 day MA / Fib 50% of 1.5343/1.6745 upleg and 38.2% of 1.5779/1.6192 ascend, loss of which to weaken the structure and signal an extension of the broader bear-trend. Regain of 1.6200 barrier improves and opens way for fresh leg higher, as a part of the short-term bull-trend from 1.5779, towards 1.6261, 22 June high.

Res: 1.6164, 1.6192, 1.6248, 1.6261
Sup: 1.6066, 1.6050, 1.6030, 1.6000

USD/JPY

Remains in a narrow range sideways trading around 79.00 mark, as recovery attempt from 78.45, fresh four month low, stalled at 79.59. Near term outlook sees potential for fresh recovery, while 79.00 holds, for attack at 79.59. However, regain of 80.00/25 levels, is required to signal a return to the previous range. Otherwise, below 79.00, immediate target lies at 78.45, with possible extension of the broader downtrend towards 76.32, not ruled out short-term.

Res: 79.16, 79.27, 79.59, 79.68
Sup: 78.88, 78.55, 78.45, 78.00

USD/CHF

Near-term corrective phase off fresh record low at 0.8073 was short-lived, as gains stalled just under 0.8200 barrier and fresh weakness nearly fully retraced 0.8073/0.8197 upleg, dipping to 0.8077 overnight. Current recovery attempt is so far seen capped at 0.8200, with break here required to signal stronger correction towards 0.8273/0.8300. Holding below 0.8200, however, keeps bears in play for fresh attempt through 0.8073, towards 0.8000/0.7900 targets.

Res: 0.8200, 0.8280, 0.8309, 0.8365
Sup: 0.8077, 0.8073, 0.8050, 0.8000

 

[WindsorBrokers]

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

EUR/USD

Maintains near-term bearish tone from 1.4281, 14 July high. Break below Fib 50% of 1.3836/1.4281 at 1.4058 and loss of 13 July low at 1.4035, has extended losses to 1.4013, just above Fib 61.8% at 1.4006, below which and psychological 1.4000 level would open 1.3950 first, with possible full retracement and test of 1.3836 favored. On the upside, 1.4090/1.4110, Friday’s intraday lows / 20 day MA, offers immediate resistance, while only break above 1.4200 barrier would ease bear pressure.

Res: 1.4090, 1.4110, 1.4188, 1.4198
Sup: 1.4013, 1.4006, 1.4000, 1.3950

GBP/USD

Hovers at 1.6100 zone, following pullback from 1.6192, 14 July high, with 20 day MA, currently at 1.6096, containing dips for now. Further reversal, however, would be targeting strong support at 1.6050/30 zone, daily 200 day MA / Fib 50% of 1.5343/1.6745 upleg and 38.2% of 1.5779/1.6192 ascend, loss of which to weaken the structure and signal an extension of the broader bear-trend. Regain of 1.6200 barrier improves and opens way for fresh leg higher, as a part of the short-term bull-trend from 1.5779, towards 1.6261, 22 June high.

Res: 1.6127, 1.6164, 1.6192, 1.6248
Sup: 1.6061, 1.6050, 1.6030, 1.6000

USD/JPY

Remains in a narrow range sideways trading around 79.00 mark, as recovery attempt from 78.45, fresh four month low, stalled at 79.59. Near term outlook sees potential for fresh recovery, while 79.00 holds, for attack at 79.59. However, regain of 80.00/25 levels, is required to signal a return to the previous range. Otherwise, below 79.00, immediate target lies at 78.45, with possible extension of the broader downtrend towards 76.32, not ruled out short-term.

Res: 79.16, 79.27, 79.59, 79.68
Sup: 78.88, 78.55, 78.45, 78.00

USD/CHF

Near-term corrective phase off fresh record low at 0.8073 was short-lived, as gains stalled just under 0.8200 barrier and fresh weakness nearly fully retraced 0.8073/0.8197 upleg, dipping to 0.8077 overnight. Current recovery attempt is so far seen capped at 0.8200, with break here required to signal stronger correction towards 0.8273/0.8300. Holding below 0.8200, however, keeps bears in play for fresh attempt through 0.8073, towards 0.8000/0.7900 targets.

Res: 0.8200, 0.8280, 0.8309, 0.8365
Sup: 0.8112, 0.8077, 0.8073, 0.8050

 

[WindsorBrokers]

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

EUR/USD

Near-term slide from 1.4281, 14 July high, found temporary support just above strong support zone at 1.4000. Subsequent bounce regained 1.4100 handle, extending to 1.4135, where gains were capped by 20 day MA. Broader outlook remains bearish, with the latest weakness under 1.4100, increasing risk of fresh attempt at 1.4000, below which to focus 1.3950 and 1.3836 on a break. On the upside, regain of 1.4135 to focus 1.4200, however, main near-term barrier at 1.4281 needs to be cleared to confirm higher low at 1.4013 and resume short-term uptrend from 1.3836, 12 July low.

Res: 1.4121, 1.4135, 1.4188, 1.4198
Sup: 1.4067, 1.4013, 1.4006, 1.4000

GBP/USD

Recovers yesterday’s sharp decline that found temporary support at 1.6000 zone, just below Fib 50% of 1.5779/1.6192 ascend. Regain of 1.6050, daily 200 day MA, improves the near-term tone, however, clearance of 1.6100 barrier, also 20 day MA, is required signal fresh strength and mark higher low at 1.6004. Key near-term resistance lies at 1.6192, above which to expose bear channel resistance at 1.6235. Failure to regain 1.6100 handle, risks reversal to 1.6000, below which exposes Fibonacci 50% and 61.8% levels at 1.1.5986 and 1.5937 respectively.

Res: 1.6080, 1.6105, 1.6127, 1.6164
Sup: 1.6040, 1.6030, 1.6004, 1.5986

USD/JPY

Remains in a narrow range sideways trading around 79.00 mark, as recovery attempt from 78.45, fresh four month low, stalled at 79.59. Near term outlook sees potential for fresh recovery, while 79.00 holds, for attack at 79.59. However, regain of 80.00/25 levels, is required to signal a return to the previous range. Otherwise, below 79.00, immediate target lies at 78.45, with possible extension of the broader downtrend towards 76.32, not ruled out short-term.

Res: 79.16, 79.27, 79.59, 79.68
Sup: 78.88, 78.55, 78.45, 78.00

USD/CHF

Near-term outlook shows a return to strength after finding ground just above fresh record low and recent break above 0.8200 barrier. Immediate resistances lie at 0.8273, previous low and 0.8300/25 zone, above which would signal stronger recovery ahead. Wider picture show the key short-term barrier at 0.8520/50 zone, and failure to regain the latter, would risk a lower top and fresh leg lower of a longer-term downtrend.

Res: 0.8231, 0.8273, 0.8309, 0.8325
Sup: 0.8178, 0.8150, 0.8112, 0.8077

 

[WindsorBrokers]

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

EUR/USD

Maintains near-term positive tone off yesterday’s higher platform at 1.4015, as the latest upleg from higher low at 1.4067 regained 1.4200 handle. While 1.4129, 20 day MA, holds dips, scope exists for fresh push higher and attack at key near-term resistance at 1.4281, 14 July high, break of which would open way for further extension of recovery phase from 1.3836, 12 July low. Reversal under 1.4281, however, would risk lower top and continuation of the broader bear-trend from 1.4938, 04 May peak, with initial focus at 1.4000 zone.

Res: 1.4200, 1.4216, 1.4247, 1.4281
Sup: 1.4135, 1.4100, 1.4067, 1.4013

GBP/USD

Remains in a recovery mode after yesterday’s sharp decline found temporary support at 1.6000 zone, just below Fib 50% of 1.5779/1.6192 ascend. Regain of 1.6050, daily 200 day MA, improves the near-term tone, with today’s clearance of 1.6100 barrier and extension to 1.6159 so far, turning focus at 1.6192, key near-term barrier. Corrective dips should be contained by 20 day MA, currently at 1.6080, to maintain immediate positive structure.

Res: 1.6159, 1.6192, 1.6261, 1.6309
Sup: 1.6103, 1.6080, 1.6054, 1.6040

USD/JPY

Remains in a narrow range sideways trading around 79.00 mark, as recovery attempt from 78.45, fresh four month low, stalled at 79.59. Near term outlook sees potential for fresh recovery, while 79.00 holds, for attack at 79.59. However, regain of 80.00/25 levels, is required to signal a return to the previous range. Otherwise, below 79.00, immediate target lies at 78.45, with possible extension of the broader downtrend towards 76.32, not ruled out short-term.

Res: 79.16, 79.27, 79.59, 79.68
Sup: 78.88, 78.55, 78.45, 78.00

USD/CHF

Near-term outlook shows a return to strength after finding ground just above fresh record low and recent break above 0.8200 barrier. Immediate resistances lie at 0.8273, previous low and 0.8300/25 zone, above which would signal stronger recovery ahead. Wider picture show the key short-term barrier at 0.8520/50 zone, and failure to regain the latter, would risk a lower top and fresh leg lower of a longer-term downtrend.

Res: 0.8231, 0.8273, 0.8309, 0.8325
Sup: 0.8185, 0.8150, 0.8112, 0.8077

 

[WindsorBrokers]

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

EUR/USD

Yesterday’s break through 1.4200 barrier was capped at 1.4216, with subsequent pullback being contained above 1.4100 mark, keeping near-term positive tone in play. Hourly studies are regaining momentum for fresh attempt at 1.4200/16 resistance zone, clearance of which is required for retest of key barrier at 1.4281, to signal a resumption of latest uptrend from 1.3836. Downside is for now seen supported by 20 day MA at 1.4126 and yesterday’s low at 1.4107, loss of which would soften the near-term tone .

Res: 1.4200, 1.4216, 1.4247, 1.4281
Sup: 1.4132, 1.4107, 1.4067, 1.4013

GBP/USD

Near-term price action is for now capped under 1.6200 zone, 14 July high / daily 55 day MA, along with bear channel resistance line at 1.6230, as current remains in narrow range sideways trading. Near-term studies are pointing lower and loss of 1.6100 handle would signal fresh weakness 1.6054/00 initially. Only clear break above 1.6200/30 improves and opens way for test of 1.6261/1.6300.

Res: 1.6130, 1.6176, 1.6192, 1.6230
Sup: 1.6103, 1.6080, 1.6054, 1.6040

USD/JPY

Returns to the recent range bottom after overnight’s fresh strength attempted to break above the range, but gains were capped at 79.30. Loss of 78.80 would signal an end of current directionless phase and likely resume the broader bear trend towards 78.45 low initially, with break here to open way for test of pre-intervention low at 76.32, short-term. On the upside, only regain of 79.60/80.00 would improve the near-term outlook.

Res: 79.30, 79.59, 79.68, 80.00
Sup: 78.80, 78.55, 78.45, 78.00

USD/CHF

Near-term outlook shows a return to strength after finding ground just above fresh record low, with break above 0.8200,near-term range top, regaining initial barrier 0.8273. Next targets lie 0.8300/25 zone, above which would signal stronger recovery ahead. Corrective dips, however, need to be contained at 0.8200 zone, to keep near-term bulls in play. Wider picture show the key short-term barrier at 0.8520/50 zone, and failure to regain the latter, would risk a lower top and fresh leg lower of a longer-term downtrend.

Res: 0.8276, 0.8309, 0.8325, 0.8362
Sup: 0.8200, 0.8174, 0.8162, 0.8150

 

[WindsorBrokers]

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

EUR/USD

Lift above 1.4200/16 barrier reached fresh one week high at 1.4238, confirming the near-term positive stance. Mild correction has so far been contained at 1.4200 zone, with focus on 1.4281, 14 July high and key near-term resistance. Break here to signal fresh phase higher and open 1.4373/90, 07 July high / main trendline resistance. Initial support lies at 1.4170, 20 day MA, while possible deeper reversal needs to be contained at 1.4130 to maintain near-term bulls.

Res: 1.4238, 1.4247, 1.4257, 1.4281
Sup: 1.4190, 1.4165, 1.4132, 1.4107

GBP/USD

Near-term price action is for now capped under 1.6200 zone, 14 July high / daily 55 day MA, along with bear channel resistance line at 1.6230, as current remains in narrow range sideways trading. Near-term outlook is still constructive after today’s dip found support at 1.6068 and subsequent bounce returned to previous range. However, break above 1.6200/30 is required to confirm near-term bulls off 1.5779 and open 1.6261/1.6300 for test. On the downside, only loss of 1.6100 handle would weaken the structure and open 1.6054/00 initially.

Res: 1.6148, 1.6176, 1.6192, 1.6230
Sup: 1.6068, 1.6054, 1.6040, 1.6004

USD/JPY

Weakens the near-term structure after overnight’s fresh strength attempted to break above the range, but gains were capped at 79.30. Brief break below of 78.80, range floor, would signal an end of current directionless phase and likely resume the broader bear trend towards 78.45 low initially, with break here to open way for test of pre-intervention low at 76.32, short-term. On the upside, only regain of 79.60/80.00 would improve the near-term outlook.

Res: 78.97, 79.30, 79.59, 79.68
Sup: 78.71, 78.55, 78.45, 78.00

USD/CHF

Near-term outlook shows a return to strength after finding ground just above fresh record low, with break above 0.8200,near-term range top, regaining initial barrier 0.8273. Next targets lie 0.8300/25 zone, above which would signal stronger recovery ahead. Corrective dips, however, need to be contained at 0.8200/0.8180 zone, previous range top / 20 day MA, to keep near-term bulls in play. Wider picture show the key short-term barrier at 0.8520/50 zone, and failure to regain the latter, would risk a lower top and fresh leg lower of a longer-term downtrend.

Res: 0.8253, 0.8276, 0.8309, 0.8325
Sup: 0.8180, 0.8162, 0.8150, 0.8112

 

[WindsorBrokers]

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

EUR/USD

Extends the latest upleg from 1.4013, 18 July higher low, currently attempting through 1.4281, 14 July high. Break here to face strong resistance at 1.4300, daily 55 day MA, clearance of which is required to confirm bullish stance and open way for test of main trendline resistance, drawn off 1.4938, currently at 1.4467. On the downside, 20 day MA, currently at 1.4230, underpins the advance, while loss of 1.4200 handle would soften the near-term tone.

Res: 1.4300, 1.4373, 1.4400, 1.4465
Sup: 1.4237, 1.4216, 1.4205, 1.4165

GBP/USD

Maintains positive structure off 1.5779, 12 July low, with the latest leg higher from 1.6004, 18 July higher low, attempting to clear key barrier at 1.6192/1.6204, 14 July high / 55 day MA / main trendline resistance, break of which would confirm base at 1.5779 and focus 1.6256/61, Fib 50% retracement of 1.6745/1.5779 decline / 22 June high. Failure to clear 1.6200 zone, however, risks fresh weakness and would signal a resumption of the broader downtrend. Immediate support lies at 1.6150 zone, 20 day MA / today’s low.

Res: 1.6200, 1.6260, 1.6300, 1.6374
Sup: 1.6150, 1.6112, 1.6095, 1.6068

USD/JPY

Weakens the near-term structure after gains were capped at 79.30 and break below 78.80, range floor, extends losses towards 78.45would signal an end of current directionless phase and likely resume the broader bear trend towards 78.45, fresh 4-month low. Break here to open way for test of pre-intervention low at 76.32, short-term. On the upside, only regain of 79.60/80.00 would improve the near-term outlook.

Res: 79.00, 79.30, 79.59, 79.68
Sup: 78.61, 78.45, 78.00, 76.50

USD/CHF

Weakens the near-term structure as gains stall at 0.8276, previous low and subsequent reversal currently testing main near-term trendline support at 0.8195. Break here to signal top at 0.8276 further soften tone for test of 0.8150 and possible test of 0.8073 fresh record low.

Res: 0.8232, 0.8253, 0.8276, 0.8309
Sup: 0.8195, 0.8176, 0.8162, 0.8150

 

[WindsorBrokers]

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

EUR/USD

Today’s sharp reversal from 1.4293 was contained by trendline support at 1.4137, with subsequent bounce fully retracing losses. Break above strong resistance zone at 1.4300, daily 55 day MA / Fib 61.8% of 1.4576/1.3836 decline, signals fresh phase higher, with 1.4350, daily 90 day MA and 1.4373, 07 July high, in focus. Near-term studies are approaching overbought zone, with corrective pullback seen preceding fresh gains. Dips need to be contained above 1.4240, to maintain immediate bullish structure. Key support lies at 1.4140, trendline support / today’s low.

Res: 1.4350, 1.4373, 1.4400, 1.4465
Sup: 1.4300, 1.4274, 1.4245, 1.4216

GBP/USD

Rallies through key barriers at 1.6200/20 zone, 14 July high / daily 55 day MA ; main bear trendline, to extend gains through daily 90 day MA at 1.6250 and previous high of 22 June at 1.6261. This would signal bottom at 1.5779 and open way for gains through 1.6400, towards 1.6440/70, 14/07 June highs. Near-term structure is supported at 1.6200, ahead of dynamic support at 1.6130, 20 day MA on 4-hour chart.

Res: 1.6400, 1.6440, 1.6470, 1.6500
Sup: 1.6234, 1.6200, 1.6169, 1.6120

USD/JPY

Maintains negative short-term bias as recovery attempts were capped at 79.60/30 zone and fresh weakness broke below the recent price range. Immediate focus lies at 78.45, 13/14 July double bottom, loss of which to resume broader downtrend from 85.50 and expose 76.32, 16 Mar low. To ease current bear pressure, regain of minimum 79.55/80.00 is required.

Res: 79.00, 79.30, 79.59, 79.68
Sup: 78.61, 78.45, 78.00, 76.50

USD/CHF

Weakens the near-term structure as gains stall at 0.8276, previous low and subsequent reversal broke below main near-term trendline support at 0.8195. Further downside extension below 0.8176 would confirm near-term top at 0.8276, and further soften tone for test of 0.8150 and possible test of 0.8073 fresh record low.

Res: 0.8207, 0.8235, 0.8253, 0.8276
Sup: 0.8176, 0.8162, 0.8150, 0.8112

 

[WindsorBrokers]

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

EUR/USD

Extends uptrend after clearing strong resistance at 1.4300 zone, to break above 1.4400 barrier, also Fib 76.4% retracement of 1.4576/1.3836 downleg. Immediate targets lie at 1.4455/65, main trendline resistance off 1.4938 / 06 July high, above which would open 1.4500 and key barrier at 1.4576, 04 July lower top. Corrective/consolidative phase is now under way, trading around 1.4400 mark, also 20 day MA. Possible deeper correction need to hold above 1.4300, to maintain short-term bullish structure.

Res: 1.4437, 1.4455, 1.4465, 1.4500
Sup: 1.4380, 1.4358, 1.4300, 1.4281

GBP/USD

Rallies through key barriers at 1.6200/20 zone, 14 July high / daily 55 day MA ; main bear trendline, to extend gains through daily 90 day MA at 1.6250 and previous high of 22 June at 1.6261 and reach levels above 1.6300. This confirms bottom at 1.5779 and open way for fresh bull phase through 1.6400, towards 1.6440/70, 14/07 June highs. Near-term structure is supported at 1.6200 zone.

Res: 1.6338, 1.6400, 1.6440, 1.6470
Sup: 1.6290, 1.6247, 1.6200, 1.6169

USD/JPY

Maintains negative short-term bias as recovery attempts were capped at 79.60/30 zone and fresh weakness broke below 78.45, 13/14 July double bottom, to extend losses to 78.21 so far. This signals a continuation of broader downtrend from 85.50 and expose 76.32, 16 Mar low. Immediate resistance lies at 78.80/90, 20 day MA / previous range low.

Res: 78.80, 78.90, 79.00, 79.30
Sup: 78.42, 78.21, 78.00, 76.50

USD/CHF

Extended reversal from 0.8276, 19 July recovery peak, losing 0.8200/0.8176 handles, to 0.8135, ahead of fresh strength. Regain of 0.8200 barrier now looks for retest of 0.8276, break of which is required to confirm higher low and resume near-term recovery off 0.8073, fresh record low. Bullish structure remains in play while 0.8169/35 zone holds.

Res: 0.8253, 0.8276, 0.8300, 0.8336
Sup: 0.8200, 0.8169, 0.8163, 0.8135

 

[WindsorBrokers]

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

EUR/USD

Trades in a consolidative mode, following the recent strong rally to 1.4437 last Friday. Short-term bulls remain in play for now and looking for retest of 1.4437, above which opens 1.4450, main trendline resistance, drawn off 1.4938 / daily Ichimoku cloud upper boundary, then psychological barrier at 1.4500 and 1.4576, 04 July peak. Immediate support lies at 1.4323, Friday’s low, with 20-day MA at 1.4310, underpinning. Loss of 1.4281, 14 July previous high, would signal a temporary top and allow for stronger correction towards 1.4250, Fib 38.2% of 1.3836/1.4437 ascend and main trendline support at 1.4215.

Res: 1.4416, 1.4437, 1.4450, 1.4500
Sup: 1.4341, 1.4323, 1.4310, 1.4281

GBP/USD

Short-term structure maintains positive tone after strength from 1.5779, 12 July low, broke above main trendline and channel resistance at 1.6220, to extend gains to 1.6343, just under Fib 61.8% of 1.6745/1.5779 descend at 1.6374. Current narrow-range consolidation is seen preceding fresh push higher, to target levels above 1.6400 barrier. Corrective dips need to be contained by 20 day MA, currently at 1.6236 and trendline support / previous high at 1.6200 zone, to maintain immediate bulls, otherwise, deeper reversal into 1.6130/1.6060, Fib 38.2% / 50% levels, would likely scenario.

Res: 1.6343, 1.6374, 1.6400, 1.6440
Sup: 1.6263, 1.6247, 1.6200, 1.6169

USD/JPY

Extends short-term bears after breaking below consolidative range floor at 79.55, to bottom at 78.45. Recovery attempt was short-lived, as gains were capped at 79.60 and fresh weakness dipped under 78.45, to hit 78.13 so far, with 76.32, 16 Mar pre-intervention low in sight. 20 day MA at 78.62, maintains negative tone, while only break above 79.55/60 would ease immediate bear pressure in favor of stronger correction into 80.00 zone.

Res: 79.00, 79.30, 79.55, 79.65
Sup: 78.13, 78.00, 76.94, 76.32

USD/CHF

Completes the near-term correction off 0.8073, as gains stalled at 0.8276 and subsequent decline broke below 0.8073, to post fresh record low. This keeps broader bear tone firmly in play, as daily studies point lower. On the downside, 0.8000 comes in focus, while 0.8130/50 zone caps.

Res: 0.8100, 0.8112, 0.8135, 0.8153
Sup: 0.8061, 0.8050, 0.8000, 0.7950

 

[WindsorBrokers]

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

EUR/USD

Remains in a consolidative mode, with sideways trading still supported by 1.4323/30, Friday’s low / 20 day MA on 4-hour chart. Near-term studies are losing momentum, increasing risk of deeper reversal below 1.4323, towards 1.4300/1.4280. Holding above main trendline support at 1.4235, however, keeps the broader bull tone in play for retest of Friday’s high at 1.4437 and main trendline resistance at 1.4445, above which to open 1.4500 and 1.4576, 04 July high, on a break.

Res: 1.4416, 1.4437, 1.4450, 1.4500
Sup: 1.4330, 1.4323, 1.4310, 1.4281

GBP/USD

Short-term structure maintains positive tone after strength from 1.5779, 12 July low, broke above main trendline and channel resistance at 1.6220, to extend gains to 1.6343, just under Fib 61.8% of 1.6745/1.5779 descend at 1.6374. Current narrow-range consolidation is seen preceding fresh push higher, to target levels above 1.6400 barrier. Corrective dips need to be contained by 20 day MA, currently at 1.6250 and trendline support / previous high at 1.6230/00 zone, to maintain immediate bulls, otherwise, deeper reversal into 1.6130/1.6060, Fib 38.2% / 50% levels, would be the likely scenario.

Res: 1.6343, 1.6374, 1.6400, 1.6440
Sup: 1.6260, 1.6230, 1.6200, 1.6169

USD/JPY

Extends short-term bears after breaking below consolidative range floor at 79.55, to bottom at 78.45. Recovery attempt was short-lived, as gains were capped at 79.60 and fresh weakness dipped under 78.45, to hit 78.05 so far, with 76.32, 16 Mar pre-intervention low in sight. 20 day MA at 78.53, maintains negative tone, while only break above 79.55/60 would ease immediate bear pressure in favor of stronger correction into 80.00 zone.

Res: 78.35, 78.71, 79.00, 79.30
Sup: 78.05, 78.00, 76.94, 76.32

USD/CHF

Completes the near-term correction off 0.8073, as gains stalled at 0.8276 and subsequent decline broke below 0.8073, to post fresh record low at 0.8018 so far. This keeps broader bear tone firmly in play, as daily studies point lower. On the downside, 0.8000 is an initial target, break of which to open figures at 0.7950/00, while 0.8130/50 zone caps.

Res: 0.8073, 0.8100, 0.8135, 0.8167
Sup: 0.8018, 0.8000, 0.7950, 0.7900

 

[Stirf]

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

I respect everybody's opinion on TA and what works for one, might not work for someone else. But read the attachment. Might be refreshing.

Trade well!

Shaka ,

Frits

 

[bedsit]

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

I respect everybody's opinion on TA and what works for one, might not work for someone else. But read the attachment. Might be refreshing.

Trade well!

Shaka ,

Frits

Shaka to you Frits.

Does TA work for you?

 

[Stirf]

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

Shaka to you Frits.

Does TA work for you?

Nope.

 

[bedsit]

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

Nope.

Is there anything else that works for you?

 

[WindsorBrokers]

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

EUR/USD

Resumes short-term uptrend from 1.3836, 12 July low, after gains were capped at 1.4437, last Friday’s high and subsequent correction found support above 1.4300 handle. Fresh rally through 1.4437/40, previous high / main trendline resistance, is attempting through 1.4500 barrier, for test of important resistance at 1.4576, 04 July high, break of which would signal an end of medium-term corrective phase off 1.4938. Overbought near-term studies suggest corrective pullback ahead of fresh strength, with 1.4437 offering initial support and 20 day MA, currently at 1.4374, underpinning the advance. Only loss of 1.4323, yesterday’s higher platform, would delay in favor of stronger reversal.

Res: 1.4521, 1.4552, 1.4576, 1.4600
Sup: 1.4466, 1.4437, 1.4416, 1.4400

GBP/USD

Maintains short-term bull-trend after short consolidation phase off 1.6338, 22 July high was contained by 20 day MA at 1.6265 and fresh strength through 1.6338 attempting towards 1.6400 barrier. Pullback on overbought hourly conditions needs to hold above 1.6260, yesterday’s higher platform / main trendline support, to keep immediate bulls in play, otherwise, risk would be for a deeper reversal towards levels below 1.6200 mark.

Res: 1.6343, 1.6374, 1.6400, 1.6440
Sup: 1.6343, 1.6328, 1.6300, 1.6265

USD/JPY

Extends short-term bears, breaking below 78.00 support and hit fresh low at 77.88. Subsequent strong bounce to 78.67 was short-lived as returned to weakness, trading below 78.00. Immediate focus is at 77.88, overnight’s low, with break here, to open way towards 76.32, 16 Mar record low. Extended daily studies, however, may see scope for stronger correction, with regain of 79.60 barrier required to improve short-term outlook.

Res: 78.00, 78.41, 78.67, 79.00
Sup: 77.88, 77.50, 76.94, 76.32

USD/CHF

Dipped below 0.8000 mark, to post fresh all-time low at 0.7996, ahead of corrective bounce. Previous low at 0.8073 offers initial resistance, ahead of 0.8135/40, 21 July low / 20 day MA, where a lower top is anticipated, to maintain bear structure, however, only regain of 0.8276 would ease immediate bear pressure. On the downside, targets lie at 0.7950/00 zone.

Res: 0.8076, 0.8100, 0.8135, 0.8167
Sup: 0.7996, 0.7950, 0.7900, 0.7850

 

[Stirf]

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

Is there anything else that works for you?

What works for me is:
- Markets move at random and there is simply NO way to predict the market's next move.
- Limit your losses and let your profits run (I never use a take profit or profit target, I simply adjust my stop loss. And if my profits run, my stop loss will be in the money as well).