Short Term Technical Analysis for Majors

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:30 GMT)

EUR/USD

Upswing off 1.3383, yesterday’s low, has probed above 1.3540, 50% retracement of 1.3815/1.3266 downleg to open 1.3570, key 23 Mar lower ceiling. Potential break here would attract 1.3605, 61.8% retracement, next. Loss of 1.3433/15 would resume the underlying bear trend.

Res: 1.3560, 1.3570, 1.3605, 1.3638
Sup: 1.3475, 1.3433, 1.3415, 1.3383

GBP/USD

Continues to trade within an hourly rising channel, to reach 1.5246, just ahead of 1.5256, 19 Mar high. Scope is now seen for further near term strength, with potential break through the latter to open way for the key 1.5380, 17 Mar peak. Upside rejection, however, risks a lower top for an eventual relapse lower back towards 1.4780 annual low.

Res: 1.5256, 1.5278, 1.5315, 1.5327
Sup: 1.5167, 1.5117, 1.5088, 1.5042

USD/JPY

Continues to trend higher, fueled by the longer-term bear channel break. Completion of bull flag completion and yesterday’s lower rejection at 92.75 now supports fresh gains towards initial 9375, yearly high, posted on 08 Jan. Break here opens 94.05/30 first.

Res: 93.75, 94.05, 94.30, 94.65
Sup: 93.05, 92.75, 92.45, 92.11

USD/CHF

Has broken out of a minor bearish coil which held below 1.0688/1.0703 hourly lower tops. Subsequent break below 1.0505, 17 Mar swing low, now reaffirms 3-legged 0.9916/1.0898 rise, with short-term risk at 1.0424/1.0368 next.

Res: 1.0565, 1.0585, 1.0649, 1.0688
Sup: 1.0485, 1.0775, 1.0447, 1.0424

 

[WindsorBrokers]

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

EUR/USD
Failure to sustain gains above 1.3570 has triggered a reversal off 1.3591, last Friday’s fresh high. Immediate support stands at 1.3459, 01/today’s lows. Potential break here would delay near-term bulls in favor of further weakness towards 1.3383. Upside clearance of 1.3591/1.3626 is required to resume bulls and expose key 1.3816, 17 Mar high.

Res: 1.3537, 1.3568, 1.3570, 1.3591
Sup: 1.3459, 1.3433, 1.3383, 1.3344

GBP/USD

Recovery off 1.4797, 25 Mar low, stalled at 1.5298, followed by correction to 1.5180. Fresh strength is now underway, with break through 1.5298/1.5315, been required for resumption of near-term uptrend, to challenge key 17 Mar, 1.5380 peak.

Res: 1.5298, 1.5315, 1.5327, 1.5380
Sup: 1.5180, 1.5117, 1.5088, 1.5042

USD/JPY

Extends gains above 93.75, 08 Jan pivot, to further retrace the pullback from 101.43, 06 Apr 2009 high. Bulls now eye 95.02, 61.8% retracement, ahead of the 95.30 region. Dips are expected to find support over 93.55 to sustain the immediate bullish tone.

Res: 94.77, 95.02, 95.30, 95.50
Sup: 93.05, 92.75, 92.45, 92.11

USD/CHF

Broke below 1.0505, key near-term low, to spike lower to 1.0433 on 01 Apr. Fresh strength emerged from there, now sees scope for renewal of bulls, with clearance of the key 1.0682/88 resistances, needed to expose 1.0749, 25 Mar pivot high. Loss of 1.0553/35, however, would delay for retest of 1.0433.

Res: 1.0643, 1.0682, 1.0688, 1.0705
Sup: 1.0585, 1.0553, 1.0535, 1.0487

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:30 GMT)

EUR/USD
Daily structure exposes a potential bear flag developing, with a push under 1.3383, 31 Mar pivot low, increasing the probability of a return to 1.3266, 25 Mar annual low. In the meantime a short-term swing higher is not ruled out.

Res: 1.3459, 1.3496, 1.3537, 1.3591
Sup: 1.3383, 1.3344, 1.3324, 1.3305

GBP/USD

The second attempt at 1.5315, 23.6% retracement of the entire 1.7041/1.4780 fall failed, ahead of fresh push lower. Weekly structure since 1.7041 favors a shallow retrace and a resumption of weakness. 1.5380 is seen key resistance and only break here would improve the outlook.

Res: 1.5244, 1.5262, 1.5315, 1.5380
Sup: 1.5165, 1.5117, 1.5088, 1.5042

USD/JPY

Daily structure since the annual low at 88.13 hints at possible exhaustion of the current rise. Potential is seen for a pullback now towards the 200 day MA, currently at 91.46. Bulls remain in play while 93.55 holds.

Res: 94.77, 95.02, 95.30, 95.50
Sup: 93.55, 93.27, 93.05, 92.75

USD/CHF

Daily structure reveals a possible bull flag forming from the low at 1.0130, 11 Jan low. A break back over 1.0749 will further strengthen outlook, and likely trigger a return to 1.0897, annual high, posted on 19 Feb. However, near-term weakness, preceding fresh bulls, is not ruled out.

Res: 1.0688, 1.0705, 1.07491.0795
Sup: 1.0585, 1.0553, 1.0535, 1.0487

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:30 GMT)

EUR/USD

Hourly structure continues to be negative with yesterday's break below 1.3390/83, 61.8% retracement of the 1.3266/1.3591 rise / 31 Mar low, warning of a full retrace of the move. Scope is now for a short-term swing higher, before leaving a lower top.

Res: 1.3438, 1.3459, 1.3496, 1.3537
Sup: 1.3355, 1.3344, 1.3305, 1.3266

GBP/USD

Continues to trade close to the 23.6% retracement of the 1.7041/1.4780 fall at 1.5315. Weekly structure continues to favor a shallow retrace and eventual relapse to retest 1.4780, the annual low.

Res: 1.5282, 1.5315, 1.5330, 1.5380
Sup: 1.5192, 1.5128, 1.5117, 1.5042

USD/JPY

Daily structure since the annual low at 88.13 hints at possible exhaustion of the current rise. Potential is seen for a pullback now towards the 200 day MA, currently at 91.46. Bulls remain in play while 93.55 holds, with potential break here to open 93.27 and 92.75. Only regain of 94.39 would suggest renewed strength.

Res: 94.39, 94.77, 95.02, 95.30
Sup: 93.55, 93.27, 93.05, 92.75

USD/CHF

Continues to head higher off recent lower rejection of 200-day MA, with scope set at 1.0779, break of which will trigger a larger daily bull flag with an initial target at 1.0899, annual high, posted on 19 Feb).

Res: 1.0720, 1.0749, 1.0795, 1.0810
Sup: 1.0643, 1.0585, 1.0553, 1.0487

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:30 GMT)

EUR/USD

Continues to trend lower, with risk seen for further drop to fully retrace the 1.3266/1.3591 upleg. Break below 1.3266, yearly low, would open 1.3190, 30 Apr 2009 low next, while 1.3409 expected to cap corrective attempts.

Res: 1.3377, 1.3409, 1.3438, 1.3459
Sup: 1.3266, 1.3245, 1.3213, 1.3190

GBP/USD

Failed again in attempt at 1.5282/1.5315 area, with fresh weakness now under way. 1.5147/28 zone offers strong support, and break there is required to resume a broader weakness towards 1.4797/80. Regain of 1.5315/80, however, would improve.

Res: 1.5250, 1.5282, 1.5315, 1.5380
Sup: 1.5147, 1.5128, 1.5117, 1.5042

USD/JPY

Current pullback is seen as corrective in structure with an hourly reversal pattern having been triggered. Scope is now for further weakness towards 92.75 and 91.45, 200 day moving average. Back over 94.03 defers.

Res: 93.55, 93.85, 94.03, 94.25
Sup: 93.05, 92.75, 92.45, 92.11

USD/CHF

Daily structure continues to be constructive with a bull-flag in place, following the recent break over 1.0749. Hourly structure also remains positive, with scope for a near-term rise towards 1.0809/27. Downside, 1.0677 offers initial support.

Res: 1.0795, 1.0809, 1.0827, 1.0898
Sup: 1.0712, 1.0677, 1.0643, 1.0585

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

Yesterday’s failure to break below 1.3266 yearly low, has triggered a corrective phase. A higher low is now sought in an hourly time frame for a fresh leg higher, with 1.3409/59 offering strong resistance. Break above the latter is required to sideline near-term bears in favor of stronger correction, while failure to break higher would risk fresh weakness and re-focus 1.3266.

Res: 1.3409, 1.3438, 1.3459, 1.3497
Sup: 1.3341, 1.3320, 1.3282, 1.3266

GBP/USD

Daily structure continues to seek for a shallow retrace, with a short-term rise back over 1.5380 not ruled out, before leaving a lower top. Latest clearance of 1.5315 now confirms this scenario.

Res: 1.5380, 1.5400, 1.5420, 1.5475
Sup: 1.5235, 1.5220, 1.5167, 1.5128

USD/JPY

Recovers off yesterday’s 92.82 low, just below 38.2% retracement of 89.74/94.77 rise ascend, leaving a bullish hammer candle. Risk is now seen for a lower top to form, ahead of fresh decline back towards 91.45, 200 days moving average.

Res: 93.72, 93.85, 94.03, 94.25
Sup: 93.05, 92.82, 92.75, 92.45

USD/CHF

Failing to break above congestive tops at 1.0802/08 while daily shooting star warns of possible weakness. Current risk is seen of further retracement of 1.0433/1.0784 upleg, with a break below 1.0677 to open 1.0650/08, 38.2%/50% respectively.

Res: 1.0742, 1.0795, 1.0809, 1.0827
Sup: 1.0677, 1.0650, 1.0608, 1.0585

 

[WindsorBrokers]

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

EUR/USD

Undergoes corrective phase after yesterday’s bounce off 1.3282, just above 1.3266, 2010 low. Today’s clearance of 1.3409 resistance has so far reached 1.3417, followed by pullback. 1.3341, today’s low, needs to hold to keep immediate bulls in play, and above 1.3417 to extend correction towards 1.3459, where a lower top should take place, ahead of fresh weakness. Only break above the latter would allow for stronger correction.

Res: 1.3417, 1.3438, 1.3459, 1.3497
Sup: 1.3341, 1.3320, 1.3282, 1.3266

GBP/USD

Extends gains off 1.4797 to dent key 1.5380 resistance today. Clear break here would signal further recovery towards 1.5475, while early upside rejection risks lower top, for fresh attempt at 1.5167/28 zone.

Res: 1.5400, 1.5420, 1.5475, 1.5520
Sup: 1.5235, 1.5220, 1.5167, 1.5128

USD/JPY

Recovers off yesterday’s 92.82 low, just below 38.2% retracement of 89.74/94.77 rise ascend, leaving a bullish hammer candle. Risk is now seen for a lower top to form, ahead of fresh decline back towards 91.45, 200 days moving average.

Res: 93.85, 94.03, 94.25, 94.77
Sup: 93.05, 92.82, 92.75, 92.45

USD/CHF

Failing to break above congestive tops at 1.0802/08 while daily shooting star warns of possible weakness. Current risk is seen of further retracement of 1.0433/1.0784 upleg, with a break below 1.0677 to open 1.0650/08, 38.2%/50% respectively.

Res: 1.0742, 1.0795, 1.0809, 1.0827
Sup: 1.0677, 1.0650, 1.0608, 1.0585

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:30 GMT)

EUR/USD

The latest advance off 1.3280, 08 Apr low, has breached key 1.3591 resistance, to extend gains to 1.3691 overnight and retrace over 61.8% of the broader 1.3816/1.3266 decline. Scope is now seen for upside attempt towards 1.3735, with current pullback on overbought conditions to be contained by 1.3538/1.3496, to keep immediate bulls in play.

Res: 1.3691, 1.3735, 1.3788, 1.3816
Sup: 1.3604, 1.3592, 1.3538, 1.3496

GBP/USD

Recovery phase from 1.4780/1.4800 lows broke above key 1.5380 lower platform, to hit 1.5484 earlier this morning. Overbought hourly structure sees correction now under way, with 1.5380 offering immediate support, ahead of fresh push higher, as daily conditions remain supportive for continuation of the recent strength, focusing 1.5574 next. Below 1.5380, however, may risk deeper reversal.

Res: 1.5484, 1.5520, 1.5574, 1.5632
Sup: 1.5380, 1.5313, 1.5267, 1.5235

USD/JPY

Rally off 89.74, 18 Mar low, peaked at 94.77 on 05 Apr. A corrective phase followed and support was found at 92.83, near 38.2% retracement of the entire move. 92.77, today’s higher low now supports and clearance of 93.55/78 expected to resume near-term gains and open 94.25 next. Downside loss of 92.88/75 risks 92.26/11 instead.

Res: 93.55, 93.85, 94.03, 94.25
Sup: 92.88, 92.75, 92.45, 92.26

USD/CHF

Continues to fall sharply off last week’s failure at 1.0784, possibly completing recent 3-week expanded flat, ahead of retesting 200-day MA, currently at 1.0475, and lower towards 1.0435. Intraday falling gap left at 1.0626/55 weighs for now.

Res: 1.0625, 1.0655, 1.0686, 1.0713
Sup: 1.0525, 1.0510, 1.0475, 1.0435

 

[WindsorBrokers]

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

EUR/USD

The latest advance off 1.3280, 08 Apr low, has breached key 1.3591 resistance, to extend gains to 1.3691 overnight and retrace over 61.8% of the broader 1.3816/1.3266 decline. Scope is now seen for upside attempt towards 1.3735, with current pullback on overbought conditions to be contained by 1.3538/1.3496, to keep immediate bulls in play.

Res: 1.3691, 1.3735, 1.3788, 1.3816
Sup: 1.3565, 1.3538, 1.3496, 1.3459

GBP/USD

Recovery phase from 1.4780/1.4800 lows broke above key 1.5380 lower platform, to hit 1.5484 today. Immediate pullback has dented 1.5380 support, signaling possible end of recovery, though, 1.5313/1.5267 need to be taken to confirm. However, positive daily structure remains supportive for continuation of the recent strength, focusing 1.5574 next.

Res: 1.5461, 1.5484, 1.5520, 1.5574
Sup: 1.5313, 1.5267, 1.5235, 1.5220

USD/JPY

Rally off 89.74, 18 Mar low, peaked at 94.77 on 05 Apr. A corrective phase followed and support was found at 92.83, near 38.2% retracement of the entire move. 92.77, today’s higher low now supports and clearance of 93.55/78 expected to resume near-term gains and open 94.25 next. Downside loss of 92.88/75 risks 92.26/11 instead.

Res: 93.55, 93.85, 94.03, 94.25
Sup: 92.88, 92.75, 92.45, 92.26

USD/CHF

Fell sharply off last week’s upside rejection at 1.0784, possibly completing recent 3-week expanded flat, ahead of retesting 200-day MA, currently at 1.0475, and lower towards 1.0435. Intraday falling gap left at 1.0626/55 weighs for now.

Res: 1.0625, 1.0655, 1.0686, 1.0713
Sup: 1.0525, 1.0510, 1.0475, 1.0435

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:30 GMT

EUR/USD

Broke through 1.3591 lower ceiling yesterday, to hit a fresh high at 1.3691, ahead of pullback. Market so far found support at 1.3565, though, holding above 1.3538/1.3496 would keep immediate bulls in play for possible attempt towards key 1.3816 high.

Res: 1.3640, 1.3691, 1.3735, 1.3788
Sup: 1.3565, 1.3538, 1.3496, 1.3459

GBP/USD

Yesterday's rejection at 1.5484 weighs on near-term outlook, though downside loss of 1.5128 is needed to confirm. However, ability to hold above 1.5313/1.5267 would maintain positive tone for fresh attempt through 1.5484, to possibly attract 1.5520/74.

Res: 1.5420, 1.5461, 1.5484, 1.5520
Sup: 1.5335, 1.5313, 1.5267, 1.5235

USD/JPY

Has found a foothold at 92.56 today, and has pushed higher to challenge 94.40/61, the upper corrective channel off 94.77, 05 Apr high. Break above the latter would signal start of next bull leg through layered resist at 93.78 and 94.25, for possible retest of 94.77.

Res: 93.40, 93.59, 93.78, 94.25
Sup: 92.56, 92.45, 92.26, 92.11

USD/CHF

Falling gap at 1.0626/55 is seen weighing current recovery effort, while a potential bear flag may precede next downleg back at 200-day MA, currently at 1.0472 and 1.0435 swing low. Only break above1.0655 improves the tone.


Res: 1.0625, 1.0655, 1.0686, 1.0713
Sup: 1.0548, 1.0525, 1.0510, 1.0472

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (14:30 GMT)

EUR/USD

Broke through 1.3591 lower ceiling yesterday, to hit a fresh high at 1.3691, ahead of pullback on overbought conditions. Market so far found support at 1.3565, though, holding above 1.3538/1.3496 would keep immediate bulls in play for possible attempt towards key 1.3816 high.

Res: 1.3640, 1.3691, 1.3735, 1.3788
Sup: 1.3555, 1.3538, 1.3496, 1.3459

GBP/USD

Yesterday's rejection at 1.5484 weighs on near-term outlook, though downside loss of 1.5128 is needed to confirm. However, ability to hold above 1.5313/1.5267 would maintain positive tone for fresh attempt through 1.5484, to possibly attract 1.5520/74, with the latest break above 1.5400/20 increasing hopes for such scenario.

Res: 1.5461, 1.5484, 1.5520, 1.5535
Sup: 1.5335, 1.5313, 1.5267, 1.5235

USD/JPY

Has found a foothold at 92.56 today, and has pushed higher to challenge 94.40/61, the upper corrective channel off 94.77, 05 Apr high. Break above the latter would signal start of next bull leg through layered resistances at 93.78 and 94.25, for possible retest of 94.77. Loss of 92.56 would expose 92.26/11 instead.

Res: 93.40, 93.59, 93.78, 94.25
Sup: 92.56, 92.45, 92.26, 92.11

USD/CHF

Remains locked within a choppy, though broadly flat range. Recent pullback off 1.0784, 08 Mar high, has so far found support at 1.0525. Break here would signal fresh weakness towards 1.0489, possibly 1.0433 on a break. Upside clearance of 1.0615/55 is needed to pivot the market higher and focus 1.0686/1.0761.


Res: 1.0615, 1.0655, 1.0686, 1.0713
Sup: 1.0525, 1.0510, 1.0489, 1.0433

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

Has found foothold at 1.3544, near 38.2% retracement of 1.3280/1.3691 upleg, yesterday, with break above 1.3619/26, firming the tone for 1.3691 retest. Break here opens 1.3735 first, ahead of possible attempt to 1.3795 and key 1.3816 high. Loss of 1.3544, however, would weaken near-term outlook and shift focus lower, as medium-term structure remains negative.

Res: 1.3664, 1.3691, 1.3735, 1.3795
Sup: 1.3600, 1.3585, 1.3565, 1.3544

GBP/USD

Remains in a near-term consolidative mode, with a mild upwards bias still in place, with regain of 1.5484 needed to confirm. However, recent structure suggests that this may be the final phase of the rise off 1.4797. Longer-term outlook continues to be negative.

Res: 1.5461, 1.5484, 1.5520, 1.5535
Sup: 1.5347, 1.5335, 1.5313, 1.5267

USD/JPY

Continues to trend higher, following bounce off 92.56, yesterday’s low. Today’s clearance of the trendline resistance at 93.25, has so far seen 93.49, just ahead of 92.59. Break here to expose 93.78/94.25, for possible final push towards key 94.77 high. Initial supports stands at 92.81/56, and break below the latter to resume the short-term downtrend.

Res: 93.59, 93.78, 94.25, 94.77
Sup: 92.81, 92.56, 92.45, 92.26

USD/CHF

Remains capped below recent daily falling gap at 1.0615/55 to break below 1.0525, extending losses to 1.0500 so far. Loss there will focus 1.0470, 200 day moving average, ahead of recent swing low at 1.0433, to extend the recent bear phase off 1.0897, 19 Feb high.


Res: 1.0565, 1.0615, 1.0655, 1.0686
Sup: 1.0500, 1.0489, 1.0470, 1.0433

 

[WindsorBrokers]

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

EUR/USD

Fibonacci support at 1.3544 buoyed yesterday and the push above 1.3626 resistance firmed the near-term tone. Market now eyeing 1.3691, above which opens 1.3729 first. Key resistance stands 1.3816, 17 Mar high. 1.3595 offers initial resistance, while loss of 1.3544 turns the focus lower.

Res: 1.3677, 1.3691, 1.3735, 1.3795
Sup: 1.3595, 1.3565, 1.3544, 1.3520

GBP/USD

Short-term structure from 1.4797 higher low suggests scope for a pullback from the current region. However, failure for any such pullback to push under the 1.5450 region will strengthen the outlook, and above 1.5520 to expose 1.5574 next.

Res: 1.5520, 1.5535, 1.5574, 1.5635
Sup: 1.5454, 1.5430, 1.5400, 1.5375

USD/JPY

Bounce off 92.56 floor has pushed higher to breach 93.25, trendline off 94.77, 05 Apr high, to reach 93.70 thus far. Above 93.70/78 will now firm further for initial upside to 94.25/77, while 92.82 buoys advance for now.

Res: 93.70, 93.78, 94.25, 94.77
Sup: 92.99, 92.81, 92.56, 92.45

USD/CHF

Continues to drift lower within a broad near-term flat consolidation. Under 1.0500, 14 Apr low, would risk a further push lower to possibly test 1.0433, 01 Apr pivot low. Break above 1.0561/1.0615 now needed to shift focus higher.

Res: 1.0561, 1.0615, 1.0655, 1.0686
Sup: 1.0500, 1.0487, 1.0470, 1.0433

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (13:45 GMT)

EUR/USD

Upside failure at 1.3691 on 12 Apr has seen a dip to 1.3544, ahead of renewed attempt higher. This has left a lower top at 1.3677 yesterday, followed by fresh weakness. The latest breach of 1.3544 now risks resumption of the underlying bear trend and focuses 1.3496/45 next.

Res: 1.3595, 1.3677, 1.3691, 1.3735
Sup: 1.3520, 1.3496, 1.3459, 1.3445

GBP/USD

Short-term structure from 1.4797 higher low suggests scope for a pullback, after bulls failed at 1.5520 today. The latest break under 1.5454/30 now increases possibilities of fresh weakness, with current advance seen corrective, while 1.5480/1.5500 caps. Only clearance of 1.5520 would negate immediate bears.

Res: 1.5480, 1.5500, 1.5520, 1.5535
Sup: 1.5375, 1.5335, 1.5265, 1.5235

USD/JPY

Bounce off 92.56 floor has pushed higher to breach 93.25, trendline off 94.77, 05 Apr high, to reach 93.70 thus far. Above 93.70/78 will now firm further for initial upside to 94.25/77, while 92.82 buoys advance for now.

Res: 93.70, 93.78, 94.25, 94.77
Sup: 92.99, 92.81, 92.56, 92.45

USD/CHF

Drifted lower within a broad near-term flat consolidation, with 1.0500 being reached yesterday, ahead of today’s fresh strength. This has so far cleared 1.0561 and 1.0604 resistances, to shift the focus higher. Break through 1.0615, however, is needed to open way towards 1.0655/86 zone next.

Res: 1.0615, 1.0655, 1.0686, 1.0713
Sup: 1.0561, 1.0500, 1.0487, 1.0433

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:45 GMT)

EUR/USD
Maintains weak tone from 1.3691/1.3677 area, with 1.3520 low reached yesterday, ahead of a bounce to post a likely lower ceiling at 1.3583. Break below 1.3520 would trigger further weakness to 1.3445 next. Near- term, extension to 1.3340 is likely, as medium-term structure remains negative.

Res: 1.3595, 1.3650, 1.3677, 1.3691
Sup: 1.3496, 1.3459, 1.3445, 1.3410

GBP/USD

Three legged consolidation off the recent high at 1.5523 may be completed, with scope now for a swing higher to complete the recovery off 1.4780, annual low. Only loss of 1.5335/15 to weaken the structure and allow stronger correction..

Res: 1.5451, 1.5484, 1.5500, 1.5520
Sup: 1.5335, 1.5315, 1.5265, 1.5235

USD/JPY

Testing now 92.56, 16 Apr low, after an upside failure to breach 93.79. Structure remains corrective off 94.78, 05 Apr high. Strong support stands at 92.26/11 and this should buoy a fresh push higher. Break above 93.17 firms for 93.78.

Res: 93.17, 93.70, 93.78, 94.25
Sup: 92.52, 92.26, 92.11, 92.75

USD/CHF

Rallies off 1.0500 base, short of daily falling gap at 1.0615/55, to reaffirm bearish stance towards 1.0468, 200-day MA and 1.0433 low. Sustained break above 1.0655, however, averts.

Res: 1.0615, 1.0655, 1.0686, 1.0713
Sup: 1.0555, 1.0500, 1.0487, 1.0433

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (13:45 GMT)

EUR/USD

Maintains weak tone from 1.3691/1.3677 area, with 1.3520 low reached yesterday, ahead of a bounce that left a lower ceiling at 1.3583. The latest break below 1.3520 and 1.3496 looks for further weakness to 1.3445, possibly 1.3340 on a break. Near- term, extension to 1.3340 is likely, as medium-term structure remains negative.

Res: 1.3595, 1.3650, 1.3677, 1.3691
Sup: 1.3496, 1.3459, 1.3445, 1.3410

GBP/USD

Three legged consolidation off the recent high at 1.5523 may be completed, with scope now for a swing higher to complete the recovery off 1.4780, annual low. Only loss of 1.5335/15 to weaken the structure and allow stronger correction..

Res: 1.5472, 1.5484, 1.5500, 1.5520
Sup: 1.5365, 1.5335, 1.5315, 1.5265




USD/JPY

Testing 92.56, 16 Apr low, after an upside failure to breach 93.79. Structure remains corrective off 94.78, 05 Apr high. Strong support stands at 92.26/11 and this should buoy a fresh push higher. Break above 93.17 firms for 93.78.

Res: 93.17, 93.70, 93.78, 94.25
Sup: 92.52, 92.26, 92.11, 92.75


USD/CHF

Rallies higher, after decline from 1.0784, 08 Apr high, found base at 1.0500 zone. Yesterday’s higher low at 1.0555 now supports, with fresh break through 1.0615, now looking for recovery extension to 1.0655/86.

Res: 1.0615, 1.0655, 1.0686, 1.0713
Sup: 1.0555, 1.0500, 1.0487, 1.0433

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (13:45 GMT)

EUR/USD

Maintains weak tone from 1.3691/1.3677 area, with 1.3520 low reached yesterday, ahead of a bounce that left a lower ceiling at 1.3583. The latest break below 1.3520 and 1.3496 looks for further weakness to 1.3445, possibly 1.3340 on a break. Near- term, extension to 1.3340 is likely, as medium-term structure remains negative.

Res: 1.3595, 1.3650, 1.3677, 1.3691
Sup: 1.3496, 1.3459, 1.3445, 1.3410

GBP/USD

Three legged consolidation off the recent high at 1.5523 may be completed, with scope now for a swing higher to complete the recovery off 1.4780, annual low. Only loss of 1.5335/15 to weaken the structure and allow stronger correction..

Res: 1.5472, 1.5484, 1.5500, 1.5520
Sup: 1.5365, 1.5335, 1.5315, 1.5265

USD/JPY

Testing 92.56, 16 Apr low, after an upside failure to breach 93.79. Structure remains corrective off 94.78, 05 Apr high. Strong support stands at 92.26/11 and this should buoy a fresh push higher. Break above 93.17 firms for 93.78.

Res: 93.17, 93.70, 93.78, 94.25
Sup: 92.52, 92.26, 92.11, 92.75

USD/CHF

Rallies higher, after decline from 1.0784, 08 Apr high, found base at 1.0500 zone. Yesterday’s higher low at 1.0555 now supports, with fresh break through 1.0615, now looking for recovery extension to 1.0655/86.

Res: 1.0615, 1.0655, 1.0686, 1.0713
Sup: 1.0555, 1.0500, 1.0487, 1.0433

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:15 GMT)

EUR/USD

Maintains weak tone from 1.3691/1.3677 area, with market now testing 1.3438, 61.8% retracement of 1.3280/1.3691 ascend. Break below the latter will signal a further slide to 1.3366/40 zone. Only regain of 1.3520/62 would shift near-term focus higher.

Res: 1.3595, 1.3650, 1.3677, 1.3691
Sup: 1.3410, 1.3366, 1.3340, 1.3280

GBP/USD

Today has seen a gap down out of a daily rising channel. This may potentially mark the end of the three legged correction seen since 1.4780, with scope now seen for an eventual full retracement of the 1.4780/1.5523 move.

Res: 1.5335, 1.5365, 1.5385, 1.5448
Sup: 1.5210, 1.5165, 1.5128, 1.5045

USD/JPY
Broke below recent consolidation floor at 92.56, to continue reversal off 94.77, 05 Apr peak. Market now eyeing 91.46, 50% retracement of 88.13/94.77 ascend, as short-term studies becoming stretched. Regain of 92.56, however, is needed to ease current bear pressure and shift focus higher.

Res: 92.21, 92.56, 92.88, 93.15
Sup: 91.46, 91.09, 90.79, 90.67

USD/CHF

Pullback from 1.0784, 08 Apr high, found support at 1.0500 last week. Higher lows have subsequently developed and clearance of 1.0610/15 completes a base for recovery towards 1.0687/1.0761. 1.0600 now offers immediate support.

Res: 1.0687, 1.0713, 1.0761, 1.0784
Sup: 1.0600, 1.0586, 1.0555, 1.0528

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:15 GMT)

EUR/USD

Reversal from 1.3691/1.3677 zone found a short-term foothold at 1.3416 yesterday. This level now shields 1.3366 and a key near-term support line at 1.3300. Break below the latter opens 1.3280/66. Lower ceiling at 1.3499/1.3502 caps for now.

Res: 1.3501, 1.3520, 1.3544, 1.3565
Sup: 1.3416, 1.3366, 1.3340, 1.3280

GBP/USD

Has found support at 1.5190 yesterday, with fresh strength emerging. Current attempt through 1.5360 resistance would sideline near-term negative structure in favor of stronger correction towards 1.5448/72. Failure to sustain gains over 1.5360, risks a continuation of near-term bears and opens 1.5190/28 instead.

Res: 1.5385, 1.5448, 1.5472, 1.5520
Sup: 1.5287, 1.5256, 1.5190, 1.5128

USD/JPY

Correction off 94.77, 05 Apr high, reached 91.58 yesterday, ahead of strong bounce. Market is now eyeing 93.10/18, previous peak/trendline resistance, break of which is required to resume underlying uptrend and focus 93.51/77, possibly 94.25 on a break. Rejection under 93.10, however, risks a retest of 91.58

Res: 93.18, 93.51, 93.77, 94.25
Sup: 92.56, 92.10, 91.58, 91.09

USD/CHF

Pullback from 1.0784, 08 Apr high, found support at 1.0500 last week. Higher lows have subsequently developed and clearance of 1.0610/15 completes a base for recovery towards 1.0687/1.0761. 1.0600 now offers immediate support.

Res: 1.0658, 1.0687, 1.0713, 1.0761
Sup: 1.0620, 1.0600, 1.0586, 1.0555

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

Corrective bounce off 1.3416, 19 Apr low, stalled at 1.3520 yesterday, just under 38.2% retracement of 1.3691/1.3416 decline. Fresh decline is now under way, as market clears 1.3416, break through 1.3366/40 would target key near-term trendline support at 1.3300. Lower top is seen preceding downmove. Only break above 1.3520 firms.

Res: 1.3448, 1.3501, 1.3520, 1.3544
Sup: 1.3397, 1.3366, 1.3340, 1.3300

GBP/USD

Daily structure may have seen the completion of a three legged correction off 1.4780, 2010 low, posted on 01 Mar. Further resistance to strength may be provided by 1.5463, daily trendline resistance, drawn off 1.6456, 19 Jan yearly high, ahead of 1.5520 15 Apr peak.

Res: 1.5410, 1.5431, 1.5448, 1.5472
Sup: 1.5330, 1.5287, 1.5256, 1.5190

USD/JPY

Correction off 94.77, 05 Apr high, dipped to 91.58, ahead of strong bounce. Clearance of 93.10/18, previous peak/trendline resistance, now focuses 93.51/77, possibly 94.25 on a break. 92.50 area supports the advance for now.

Res: 93.39, 93.51, 93.77, 94.25
Sup: 92.95, 92.56, 92.10, 91.58

USD/CHF

Remains constructive off 1.0500, 14 Apr low, with yesterday's higher rejection at 1.0600 now underpinning a fresh attempt at 1.0750/61. Clearance here projects significant near-term gains. Loss of 1.0620/00, however, weakens the outlook.

Res: 1.0689, 1.0713, 1.0750, 1.0761
Sup: 1.0658, 1.0620, 1.0600, 1.0586