Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

Near-term outlook remains positive after decline from 1.4536 high bottomed at 1.4056 on 05 Aug and subsequent strength emerged above main short-term trendline resistance, drawn off 1.4536. Regain of previous highs at 1.4429/52 confirms near-term bulls and opens way for retest of key barrier at 1.4536. Corrective pullback on overbought hourly conditions, should find support above 1.4300, to keep positive structure intact. Loss of 1.4300, however, would delay bulls and risk deeper reversal.

Res: 1.4455, 1.4476, 1.4500, 1.4536
Sup: 1.4365, 1.4328, 1.4300, 1.4290

GBP/USD

Maintains near-term strength after reversal from 1.6475 high broke below 1.6223, range floor, to find ground at 1.6110, with bounce from here regaining 1.6400 barrier. Current pullback is expected to reverse at 1.6300, to keep immediate bulls in play and above 1.6400 to focus 1.6475, 05 Aug high. Only loss if 1.6250, yesterday’s consolidation range floor, would weaken immediate tone.

Res: 1.6409, 1.6475, 1.6500, 1.6546
Sup: 1.6326, 1.6312, 1.6300, 1.6250

USD/JPY

Trades in a narrow consolidative range after posing fresh record low at 76.30 on 11 Aug. Overall tone remains negative and favors further weakness while range ceiling at 77.25 and daily 20 day MA, currently at 77.70 cap the upside.

Res: 77.08, 77.25, 77.84, 78.00
Sup: 76.50, 76.30, 76.00, 75.50

USD/CHF

Remains in a near-term corrective mode after extending bears to post fresh historical low at 0.7067 on 09 Aug. Regain of 0.8000 level, also above Fib 61.8% of 0.8520/0.7067 decline, increases hopes of further recovery towards 0.8075/0.8150 zone. On the downside, 0.7765 zone offers immediate support.

Res: 0.7995, 0.8014, 0.8045, 0.8100
Sup: 0.7782, 0.7765, 0.7700, 0.7679

 

[WindsorBrokers]

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

EUR/USD

Corrects the recent upleg from 1.4100 that broke above 1.4500 mark and peaked at 1.4516, just ahead of key barrier at 1.4536. Reversal has so far found support at 1.4280/70 zone, above Fib 61.8% of 1.4102/1.4516 ascend. Holding above the latter would keep the near-term bullish tone in play for possible fresh attack at 1.4516/36 barriers. However, loss of 1.4270/60, yesterday’s low / Fibonacci level, would put bulls on hold and further soften the structure for test of 1.4210, 12 Aug low and 1.4165, bull trendline off 1.3836.

Res: 1.4345, 1.4387, 1.4400, 1.4451
Sup: 1.4270, 1.4210, 1.4200, 1.4165

GBP/USD

Trades in a near-term consolidative mode after rally from 1.6110 higher low, cleared 1.6475/1.6546 barriers, to peak at 1.6589, en-route to key med-term resistance at 1.6745, 28 Apr high. The downside remains for now supported by 20 day MA, currently at 1.6465, with fresh attempt higher favored. On the downside, loss of 1.6400 support zone would allow stronger correction and expose 1.6350, 17 Aug low / Fib 50% of 1.6110/1.6589 upleg.

Res: 1.6531, 1.6553, 1.6589, 1.6600
Sup: 1.6458, 1.6419, 1.6400, 1.6350

USD/JPY

Trades in a narrow consolidative range after posing fresh record low at 76.30 on 11 Aug. Overall tone remains negative, as post-intervention rally failed to sustain gains, with further weakness favored while range ceiling at 77.25 offers immediate cap.

Res: 76.63, 76.96, 77.25, 77.84
Sup: 76.30, 76.00, 75.50, 75.00

USD/CHF

Remains in a near-term corrective mode after extending bears to post fresh historical low at 0.7067 on 09 Aug. Regain of 0.8000 level, also above Fib 61.8% of 0.8520/0.7067 decline, increases hopes of further recovery towards 0.8075/0.8150 zone. On the downside, current range floor at 0.7765, offers immediate support.

Res: 0.7958, 0.7987, 0.8014, 0.8045
Sup: 0.7855, 0.7822, 0.7700, 0.7765

 

[WindsorBrokers]

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

EUR/USD

Maintains short-term positive tone from 1.4056, 05 Aug higher low, holding gains above bear trendline and channel ceiling, drawn off 1.4938, 04 May peak. Clearance of 1.4500 barrier has so far reached 1.4516, just ahead of 1.4536, 27 July high, clearance of which is required to open 1.4576, 04 July high, next. Near-term corrective phase from 1.4516 is under way, with 1.4258/40, last Friday’s low / bull trendline off 1.4056, expected to contain dips ahead of fresh push higher. Only loss of 1.4240/30, trendline support / Fib 61.8% of 1.4056/1.4516 ascend, would signal temporary top and open way for deeper reversal.

Res: 1.4451, 1.4500, 1.4516, 1.4536
Sup: 1.4294, 1.4258, 1.4240, 1.4230

GBP/USD

Corrects the short-term strong rally from 1.6110 that cleared previous highs at 1.6475 and 1.6546 and peaked at 1.6617 last Friday. Short-term structure remains positive while 1.6420, 18 Aug low / Fib 38.2% of 1.6110/1.6617 upleg holds. Fresh strength through 1.6617 is required to open way for test of key barrier at 1.6745, 28 Apr high. Near-term tone, however, needs to clear ¼ hour 20 day MA at 1.6500, to signal fresh gains ahead.

Res: 1.6509, 1.6553, 1.6589, 1.6617
Sup: 1.6470, 1.6454, 1.6443, 1.6420

USD/JPY

Maintains short-term negative tone after strong post-intervention rally that regained levels above 80.00, stalled and immediate reversal erased gains and returned to 76.30, record low zone. Subsequent narrow range consolidation has preceded last Friday’s spike below 76.00 that posted fresh record low at 75.93, confirms negative structure, however, today’s higher opening and brief break above 77.00 barrier, may signal stronger recovery ahead of fresh bears, as near-term structure remains positive while above 76.55, today’s low / 20 day MA.

Res: 76.86, 76.96, 77.30, 77.84
Sup: 76.55, 76.45, 76.30, 75.93

USD/CHF

Short-term structure remains positive after bounce from 0.7067, 09 Aug fresh record low, regained 0.8000 barrier and retraced over 61.8% of 0.8520/0.7067 decline at 0.8013. Current consolidation needs to hold above 0.7800/0.7770, to keep immediate scope for fresh attempt through 0.8013 and focus 0.8075 next. Loss of 0.7770, however, would open way for deeper reversal and risk lower top in case of break below 0.7550.

Res: 0.7902, 0.7958, 0.7987, 0.8013
Sup: 0.7838, 0.7800, 0.7770, 0.7700

 

[WindsorBrokers]

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

EUR/USD

Fresh gains from today’s low at 1.4346 broke above 1.4400 mark, extending the upleg from 1.4258, to hit 1.4433 high, ahead of shallow correction to 1.4400 zone. Near-term outlook remains positive, with break above triangle upper boundary and 1.4433/51 resistance zone, required to open 1.4516/36 barriers for retest. Immediate support lies at 1.4390 zone, today’s intraday high / hourly 20 day MA, ahead of bull trendline at 1.4374, above which keeps immediate bulls in play.

Res: 1.4433, 1.4451, 1.4500, 1.4516
Sup: 1.4390, 1.4374, 1.4346, 1.4309

GBP/USD

Today’s price action is seen limited within narrow range after reversal from fresh high at 1.6617 found support at 1.6450/60 zone. Upside attempts were for now capped at 1.6520, with further consolidation seen above 1.6450/20 zone, before fresh attempt at 1.6617. Wider picture outlook, however, remains firmly bullish.

Res: 1.6520, 1.6553, 1.6589, 1.6617
Sup: 1.6466, 1.6454, 1.6443, 1.6420

USD/JPY

Maintains short-term negative tone after strong post-intervention rally that regained levels above 80.00, stalled and immediate reversal erased gains and returned to 76.30, record low zone. Subsequent narrow range consolidation has preceded last Friday’s spike below 76.00 that posted fresh record low at 75.93, confirms negative structure, however, today’s higher opening and brief break above 77.00 barrier, may signal stronger recovery ahead of fresh bears, as near-term structure remains positive while above 76.55, today’s low / 20 day MA.

Res: 76.86, 76.96, 77.30, 77.84
Sup: 76.55, 76.45, 76.30, 75.93

USD/CHF

Short-term structure remains positive after bounce from 0.7067, 09 Aug fresh record low, regained 0.8000 barrier and retraced over 61.8% of 0.8520/0.7067 decline at 0.8013. Current consolidation needs to hold above 0.7800/0.7770, to keep immediate scope for fresh attempt through 0.8013 and focus 0.8075 next. Loss of 0.7770, however, would open way for deeper reversal and risk lower top in case of break below 0.7550.

Res: 0.7902, 0.7958, 0.7987, 0.8013
Sup: 0.7838, 0.7805, 0.7770, 0.7700

 

[WindsorBrokers]

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

EUR/USD
Near-term price action sees narrowing the range after yesterday’s pullback from 1.4433, day’s high, was contained at 1.4350, yesterday’s low. Immediate upside barrier lies at 1.4400, bear trendline off 1.4516, with break here to open way for fresh strength and test of 1.4433/51 resistances. Failure to clear 1.4400 barrier would risk fresh weakness and break below 1.4365/50 supports to turn near-term tone negative for possible retest of 1.4258, key near-term support.

Res: 1.4400, 1.4433, 1.4451, 1.4500
Sup: 1.4365, 1.4350, 1.4309, 1.4294

GBP/USD

Remains in a consolidative mode after gains from 1.6110 peaked at 1.6617 last Friday and subsequent corrective pullback found support at 1.6420. Wider picture remains positive while 1.6420 holds the downside, with renewed strength currently attempting at 1.6520, yesterday’s high, break of which is needed to resume for possible retest of 1.6617. On the downside, loss of 1.6420 would delay bulls in favor of stronger correction towards 1.6363/50, Fib 50% / 17 Aug low.

Res: 1.6553, 1.6589, 1.6617, 1.6700
Sup: 1.6469, 1.6446, 1.6434, 1.6420

USD/JPY

Maintains short-term negative tone after strong post-intervention rally that regained levels above 80.00, stalled and immediate reversal erased gains and returned to 76.30, record low zone. Subsequent narrow range consolidation has preceded last Friday’s spike below 76.00 that posted fresh record low at 75.93, and subsequent upside failure at 77.20, confirms negative structure. Immediate support lies at 76.55, while only break above 77.20 would improve near-term outlook.

Res: 76.92, 77.20, 77.84, 78.00
Sup: 76.65, 76.55, 76.45, 76.30

USD/CHF

Trades in a narrow range sideways mode after recovery from 0.7067, 09 Aug fresh historical low, reached 0.8000 zone. Range floor at 0.7800 needs to stay intact to maintain short-term positive structure, with regain of 0.8013, previous high, required to signal stronger recovery and expose bear trendline off 0.9770, at 0.8075. Four hour chart 55 day MA, currently at 0.7770, underpins.

Res: 0.7909, 0.7958, 0.7987, 0.8013
Sup: 0.7868, 0.7852, 0.7838, 0.7805

 

[WindsorBrokers]

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

EUR/USD
Has surged to 1.4500 zone after pullback from 1.4433 found support at 1.4350, yesterday’s low, and fresh strength cleared bear trendline at 1.4400 and barriers at 1.4433/51, 22 / 19 Aug highs. Gains were capped at 1.4500, with subsequent pullback attempting below 1.4433, now reverted to support. This would weaken near-term positive structure for further decline towards dynamic support of 20 day MA, currently at 1.4400, and trendline support at 1.4382, loss of which to confirm lower top and expose key near-term level at 1.4350.

Res: 1.4461, 1.4500, 1.4516, 1.4536
Sup: 1.4400, 1.4382, 1.4365, 1.4350

GBP/USD

Holds near-term positive tone after today’s fresh strength en-route to 1.6617 high, stalled at 1.6571, with subsequent dip testing levels under 1.6500 mark. Holding above 1.6420, key near-term support and recent range floor, broader bullish structure off 1.6110 remains intact and keeps focus on 1.6617, above which to open way for upside extension towards key barrier at 1.6745. On the downside, loss of 1.6420 and break below the current range, would delay bulls in favor of stronger correction towards 1.6363/50, Fib 50% / 17 Aug low.

Res: 1.6510, 1.6538, 1.6571, 1.6589
Sup: 1.6469, 1.6446, 1.6434, 1.6420

USD/JPY

Near-term price action has lost momentum again after yesterday’s spike above 77.00 barrier and today’s renewed attempt higher failed, with subsequent weakness testing key support at 76.50. Break here to confirm broader bearish tone and re-expose 76.00/75.63 levels for test. Only regain of 77.00/20 zone would improve the near-term structure.

Res: 76.83, 76.92, 77.20, 77.84
Sup: 76.45, 76.30, 76.00, 75.93

USD/CHF

Trades in a narrow range sideways mode after recovery from 0.7067, 09 Aug fresh historical low, reached 0.8000 zone. Range floor at 0.7800 needs to stay intact to maintain short-term positive structure, with regain of 0.8013, previous high, required to signal stronger recovery and expose bear trendline off 0.9770, at 0.8075. Four hour chart 55 day MA, currently at 0.7770, underpins.

Res: 0.7909, 0.7958, 0.7987, 0.8013
Sup: 0.7851, 0.7837, 0.7805, 0.7768

 

[WindsorBrokers]

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

EUR/USD

Extends the short-term range trading, as upside attempts remain capped at 1.4500/16 zone, previous highs / Fib 61.8% of 1.4938/1.3836 decline. However, near-term tone keeps momentum for fresh attack at 1.4500/36 barriers, clearance of which is required to expose 1.4576, 04 July high, possibly 1.4695, 07 June high, on a break. On the downside, 1.4350 offers initial support, ahead of 1.4280/58, trendline support / 19 Aug low.

Res: 1.4446, 1.4500, 1.4516, 1.4536
Sup: 1.4386, 1.4375, 1.4350, 1.4280

GBP/USD

Yesterday’s attempt towards 1.6617 high failed at 1.6571, with subsequent pullback finding support at 1.6500 zone. Short-term bulls, however, remain intact while higher platform floor at 1.6420 holds dips and keep focus on the upside, with break above 1.6571 required to expose 1.6617, 14 Aug high, above which would open way for test of key barrier at 1.6745.

Res: 1.6538, 1.6571, 1.6589, 1.6617
Sup: 1.6476, 1.6446, 1.6434, 1.6420

USD/JPY

Maintains near-term weak tone after yesterday’s brief break below 76.55 support, with upside being capped under 77.00 barrier. Further pressure came after Japan’s downgrade, pushing the pair towards 76.46, yesterday’s low, below which would signal a break below short-term range and expose 76.00/75.93 record lows. Only break above 77.00/20 zone would improve the near-term structure

Res: 76.86, 76.92, 77.20, 77.84
Sup: 76.46, 76.30, 76.00, 75.93

USD/CHF

Broke above 0.7900 barrier, previous high / bear-trendline off 0.8013 high, to extend to 0.7941, where gains were capped. Holding above 0.7900 would keep near-term positive tone in play for possible fresh attempt higher, however, wider picture’s outlook requires break above 0.8000 barrier and range ceiling, to resume short-term recovery from 0.7067 record low. On the downside, loss of 0.7900 support opens 0.7850/30 zone.

Res: 0.7941, 0.7958, 0.7987, 0.8013
Sup: 0.7900, 0.7851, 0.7837, 0.7805

 

[WindsorBrokers]

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

EUR/USD

Narrowing near-term range, as the latest upside attempt was rejected at 1.4475, with hourly 20 day MA at 1.4425, holding the downside, to form the triangle. Broader picture, however, keeps bullish tone in play after break above main trendline resistance drawn off 1.4938 peak. Upside clearance of 1.4500/36 resistance zone is now seen for break above the recent range and possible attack at 1.4576 and 1.4695 barriers. Immediate support lies at 1.4390, trendline off 1.4258, while loss of higher platform at 1.4350 would signal fresh weakness.

Res: 1.4475, 1.4500, 1.4516, 1.4536
Sup: 1.4425, 1.4390, 1.4375, 1.4350

GBP/USD

The upside remains intact for now, as today’s attempt higher stalled at 1.6532 and subsequent weakness broke through initial support at 1.6500 zone, to test key near-term level at 1.6420. Clear break here would signal and end of the near-term consolidation below 1.6617 and open way for stronger correction of 1.6110/1.6617 upleg. Below 1.6420 opens 1.6363, Fib 50% and 1.6350/22, 17/16 Aug lows, ahead of key 1.6300 zone, Fib 61.8% / main bull-trendline.

Res: 1.6538, 1.6571, 1.6589, 1.6617
Sup: 1.6413, 1.6363, 1.6350, 1.6322

USD/JPY

Maintains near-term weak tone after yesterday’s brief break below 76.55 support, with upside being capped under 77.00 barrier. Further pressure came after Japan’s downgrade, pushing the pair towards 76.46, yesterday’s low, below which would signal a break below short-term range and expose 76.00/75.93 record lows. Only break above 77.00/20 zone would improve the near-term structure

Res: 76.86, 76.92, 77.20, 77.84
Sup: 76.46, 76.30, 76.00, 75.93

USD/CHF

Break above 0.7900 barrier, previous high / bear-trendline off 0.8013 high, extended to 0.7941, where gains were capped. Fresh weakness lost 0.7900 support, turning near-term tone negative, for test of 0.7850/38, yesterday’s low / trendline support, below which would open way for stronger retracement of 0.7067/0.8013 and open 0.7800 next.


Res:0.7910, 0.7941, 0.7958, 0.7987
Sup: 0.7858, 0.7838, 0.7805, 0.7768

 

[WindsorBrokers]

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

EUR/USD
Overnight’s brief break below trendline support at 1.4400, tested yesterday’s intraday low at 1.4388, ahead of bounce back above 1.4400. This may weaken the near-term structure and possibly open 1.4350, range floor for test. On the upside, range ceiling at 1.4500 zone caps for now and only break here to revive bulls and resume broader uptrend from 1.4056, for test of key barriers at 1.4536//76.

Res: 1.4432, 1.4480, 1.4500, 1.4516
Sup: 1.4388, 1.4378, 1.4350, 1.4300

GBP/USD

Weakens the near-term structure after yesterday’s loss of key support at 1.6420 extended losses 1.6350, to retrace over 50% of 1.6110/1.6617 upleg. Temporary support was found here, with current bounce looking for regain of 1.6420/50 barriers, above which would improve the tone. Otherwise, lower top and fresh leg lower towards 1.6300/1.6260, Fib 61.8% / trendline support, would be the likely scenario.

Res: 1.6420, 1.6450, 1.6532, 1.6570
Sup: 1.6350, 1.6322, 1.6300, 1.6260

USD/JPY

Attempts to emerge above the recent narrow range after range floor at 76.40 zone contained yesterday’s dips. Clear break above 77.20 is required to signal fresh recovery under way and open 78.00 zone for test. Failure to clear 77.20 risks return to the short-term sideways trade.

Res: 77.22, 77.84, 78.00, 78.45
Sup: 76.83, 76.46, 76.30, 76.00

USD/CHF

Turns the near-term bias positive after yesterday’s reversal from 0.7941 found support at 0.7873, with subsequent bounce extending gains to test 0.7960 zone. Clear break above 0.8000 mark is required to continue short-term recovery off 0.7067, while only loss of yesterday’s low at 0.7873 would weaken near-term structure.

Res: 0.7964, 0.7987, 0.8000, 0.8013
Sup: 0.7900, 0.7873, 0.7858, 0.7838

 

[WindsorBrokers]

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

EUR/USD

Further narrows the recent sideways range trade after today’s bounce from 1.4388 stalled under yesterday’s high at 1.4480. Triangle support currently lies at 1.4400, while the upper boundary is at 1.4466, with break of either side to signal near-term direction. Wider picture shows positive tone still dominating, with main trendline resistance off 1.4938 peak, currently at 1.4485. Break here and 1.4500/36 to resume broader uptrend from 1.3836, 12 July low. Only loss of 1.4260/50, 16 Aug low / bull trendline, on a daily chart, would weaken short-term structure.

Res: 1.4456, 1.4473, 1.4500, 1.4516
Sup: 1.4400, 1.4388, 1.4378, 1.4350

GBP/USD

Extends the near-term weakness after losses through key support at 1.6420 extended to 1.6350, where a temporary support was found and subsequent recovery attempt was capped at 1.6400 zone. Fresh dip under 1.6350 has so far tested 1.6330, en-route to 1.6300/1.6267, Fib 61.8% of 1.6110/1.6617 / bull trendline off 1.5779, loss of which would further weaken the short-term structure and signal lower top at 1.6617.

Res: 1.6396, 1.6420, 1.6450, 1.6532
Sup: 1.6330, 1.6322, 1.6300, 1.6260

USD/JPY

Attempts to emerge above the recent narrow range after range floor at 76.40 zone contained yesterday’s dips. Current push through 77.20 barrier shows no signals of clear break higher that is required to trigger fresh recovery and open 78.00 zone for test, with failure to sustain gains above 77.20 to risk return to the short-term sideways trade.

Res: 77.26, 77.84, 78.00, 78.45
Sup: 76.83, 76.46, 76.30, 76.00

USD/CHF

Maintains the near-term positive bias positive after good support was found at 0.7873 and subsequent bounce extended gains to test 0.7980 zone. Clear break above 0.8000 mark is required to continue short-term recovery off 0.7067, while only loss of yesterday’s low at 0.7873 would weaken near-term structure.

Res: 0.7982, 0.8000, 0.8013, 0.8045
Sup: 0.7934, 0.7908, 0.7873, 0.7858

 

[WindsorBrokers]

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

EUR/USD

Returns to strength after break below triangle support found ground at 1.4327, just above main trendline support at 1.4300. Fresh strength is looking for test of bear-trendline off 1.4500, currently at 1.4455, clearance of which to expose 1.4480/1.4500, ahead of possible test of key barriers at 1.4516/36, to emerge out of the recent range and signal an extension of uptrend from 1.4056. Otherwise, continuation of sideways trade is likely. On the downside, 1.4400 zone, intraday low / 20 day MA, offers initial support, while loss of 1.4327 would weaken the near-term tone.

Res: 1.4455, 1.4473, 1.4500, 1.4516
Sup: 1.4400, 1.4368, 1.4327, 1.4300

GBP/USD

The near-term weakness from lower high at 1.6531 accelerated losses after breaking below the range floor at 1.6420, to hit fresh low at 1.6260, at main bull trendline off 1.5779, where a temporary support was found. Corrective bounce is under way, however, regain of 1.6400 zone is required to confirm recovery and open way for gains towards 1.6420/50 and 1.6500 on extension. Upside rejection under 1.6400 would risk lower top and fresh leg lower and possible revisit of key support at 1.6110.

Res: 1.6333, 1.6350, 1.6396, 1.6420
Sup: 1.6280, 1.6260, 1.6165, 1.6110

USD/JPY

Break above range ceiling at 77.00/20 was short-lived, as failure to sustain gains resulted in stall at 77.68 and subsequent reversal brought the pair back to the levels below 77.00, where near-term support was found at 76.90, 4-hour 20 day MA. Holding above 77.00 is required to keep hopes of fresh recovery alive, with regain of 77.68/78.00 zone to confirm. Otherwise, extension of nearly two weeks sideways range trading would be the likely scenario.

Res: 77.26, 77.45, 77.68, 78.00
Sup: 76.90, 76.46, 76.30, 76.00

USD/CHF

Returns back to the broader consolidation range after yesterday’s strength failed to regain 0.8000 barrier, running out of steam at 0.7987 and returning below 0.7900 level. While higher low at 0.7873 stays intact, near-term focus remains at the upside, with reclaim of 0.8000/13 barriers needed to signal an extension of short-term recovery from record low at 0.7067. On the downside, loss of 0.7873 would risk return to 0.7800 zone.

Res: 0.7944, 0.7987, 0.8000, 0.8013
Sup: 0.7890, 0.7873, 0.7858, 0.7805

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:15 GMT)

EUR/USD

Fresh strength emerged 1.4328, last Friday’s low, just above the main bull trendline, to clear key barriers at 1.4516/36 and post fresh 7-weeks highs. Immediate upside target lies at 1.4576, 04 July high, above which to focus 1.4695, 07/08 June peaks. Near-term studies remain supportive but extended hourly conditions warn of corrective pullback preceding fresh rally. Initial support lies at 1.4500, while only loss of 1.4465, today’s low, may soften immediate bull tone and allow for stronger reversal.

Res: 1.4550, 1.4576, 1.4600, 1.4651
Sup: 1.4500, 1.4465, 1.4425, 1.4400

GBP/USD

Trades in a near-term corrective mode, following the latest losses from 1.6617, that broke below main trendline support and extended to 1.6200 zone, where a support was found. Strong rally from here has so far regained 1.6400, previous high, to retrace nearly 50% of 1.6617/1.6207 downleg. Nest targets lie at 1.6420/50 and 1.6460/75, Fib 61.8% / trendline resistance, above which to signal resumption of the broader uptrend and re-focus 1.6532. Upside rejection under 1.6475, however, would risk lower top and possible extension of near-term weakness. Initial supports lie at 1.6340/20 zone.

Res: 1.6420, 1.6446, 1.6460, 1.6475
Sup: 1.6362, 1.6340, 1.6320, 1.6280

USD/JPY

Break above range ceiling at 77.00/20 was short-lived, as failure to sustain gains resulted in stall at 77.68 and subsequent reversal brought the pair back to the levels below 77.00, where near-term support was found at 76.90. Break above 77.00 is required to keep hopes of fresh recovery alive, with regain of 77.68/78.00 zone to confirm. Otherwise, extension of nearly two weeks sideways range trading would be the likely scenario.

Res: 76.79, 77.06, 77.26, 77.45
Sup: 76.60, 76.46, 76.30, 76.00

USD/CHF

Extends the short-term recovery from 0.7067 historical low, after emerging out of two-week narrow range, breaking above trendline resistance at 0.8034, to hit fresh highs above 0.8100. Short-term studies favor further upside extension, as break above daily 55 day MA, looks for test of resistance at 0.8276, 19 July high. Initial supports lie at 0.8110/0.8073.

Res: 0.8155, 0.8200, 0.8246, 0.8276
Sup: 0.8110, 0.8073, 0.8013, 0.7955

 

[WindsorBrokers]

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

EUR/USD

Returns to strength after correction off 1.4548 fresh high, found support at 1.4483, within our initial support zone. Fresh gains are looking for retest of today’s high, clearance of which to open 1.4576 next. Near-term structure remains positive while above 1.4483/65, while loss of the later would delay immediate bulls.

Res: 1.4550, 1.4576, 1.4600, 1.4651
Sup: 1.4500, 1.4465, 1.4425, 1.4400

GBP/USD

Extended rally from 1.6207 low to briefly test 1.6420/50 resistance zone, with 1.6434 seen so far, capped for now by 55 day MA. Focus is on trendline resistance at 1.6467, with break here to confirm higher low at 1.6207 and open way for test of 1.6532/70 next. Failure under 1.6465, however, would risk lower top and possible extension of near-term weakness.

Res: 1.6434, 1.6446, 1.6465, 1.6500
Sup: 1.6368, 1.6340, 1.6320, 1.6280

USD/JPY

Break above range ceiling at 77.00/20 was short-lived, as failure to sustain gains resulted in stall at 77.68 and subsequent reversal brought the pair back to the levels below 77.00, where near-term support was found at 76.90. Break above 77.00 is required to keep hopes of fresh recovery alive, with regain of 77.68/78.00 zone to confirm. Otherwise, extension of nearly two weeks sideways range trading would be the likely scenario.

Res: 76.97, 77.06, 77.26, 77.45
Sup: 76.56, 76.46, 76.30, 76.00

USD/CHF

Extends the short-term recovery from 70.67 historical low, after emerging out of two-week narrow range, breaking above trendline resistance at 0.8034, to hit fresh highs above 0.8100. Short-term studies favor further upside extension, as break above daily 55 day MA, looks for test of resistance at 0.8276, 19 July high. Initial supports lie at 0.8110/0.8073.

Res: 0.8200, 0.8246, 0.8276, 0.8330
Sup: 0.8155, 0.8110, 0.8073, 0.8013

 

[WindsorBrokers]

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

EUR/USD
Enters the near-term consolidation phase after yesterday’s rally posted fresh high at 1.4548. Current range floor at 1.4490/65 needs to hold dips to maintain immediate bulls in play for fresh attempt higher and through 1.4548 to focus 1.4576, 04 July high. On the downside, loss of 1.4465, would allow for deeper pullback, while only below 1.4345/28, trendline support / 25/26 Aug double bottom, to weaken the structure.

Res: 1.4532, 1.4550, 1.4576, 1.4600
Sup: 1.4483, 1.4465, 1.4425, 1.4400

GBP/USD

Near-term studies start to point lower after gains from 1.6207 low stalled at 1.6453, just under main trendline resistance and the latest attempt below initial support at 1.6390, would signal further retracement. Next support comes at 1.6358, 38.2%, ahead of 1.6322/10, 29 Aug low / trendline support, below which would signal lower top and resumption of the broader downtrend.

Res: 1.6394, 1.6420, 1.6450, 1.6465
Sup: 1.6368, 1.6358, 1.6330, 1.6322

USD/JPY

Maintains near-term negative tone as long as 77.00 zone caps the upside. Hourly break below 20 day MA looks for test of initial support at 76.56/45, yesterday’s low / range floor, below which to confirm an end of 3-week range trading and resume broader downtrend. On the upside, regain of 77.00 improves but clearance of 77.68 is required to signal stronger recovery.

Res: 76.97, 77.06, 77.26, 77.45
Sup: 76.56, 76.46, 76.30, 76.00

USD/CHF

Break above the recent consolidation range has triggered fresh rally that peaked at 0.8239 yesterday, ahead of correction. Initial support at 0.8155/45 zone was tested so far, with further reversal into 0.8000 zone seen, before fresh leg higher. Above 0.8239 to focus 0.8276, 19 July high.

Res: 0.8185, 0.8200, 0.8239, 0.8276
Sup: 0.8073, 0.8013, 0.8000, 0.7987

 

[WindsorBrokers]

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

EUR/USD
Enters the near-term consolidation phase after yesterday’s rally posted fresh high at 1.4548. Current range floor at 1.4490/65 needs to hold dips to maintain immediate bulls in play for fresh attempt higher and through 1.4548 to focus 1.4576, 04 July high. On the downside, loss of 1.4465, would allow for deeper pullback, while only below 1.4345/28, trendline support / 25/26 Aug double bottom, to weaken the structure.

Res: 1.4532, 1.4550, 1.4576, 1.4600
Sup: 1.4483, 1.4465, 1.4425, 1.4400

GBP/USD

Near-term studies start to point lower after gains from 1.6207 low stalled at 1.6453, just under main trendline resistance and the latest attempt below initial support at 1.6390, would signal further retracement. Next support comes at 1.6358, 38.2%, ahead of 1.6322/10, 29 Aug low / trendline support, below which would signal lower top and resumption of the broader downtrend.

Res: 1.6394, 1.6420, 1.6450, 1.6465
Sup: 1.6368, 1.6358, 1.6330, 1.6322

USD/JPY

Maintains near-term negative tone as long as 77.00 zone caps the upside. Hourly break below 20 day MA looks for test of initial support at 76.56/45, yesterday’s low / range floor, below which to confirm an end of 3-week range trading and resume broader downtrend. On the upside, regain of 77.00 improves but clearance of 77.68 is required to signal stronger recovery.

Res: 76.97, 77.06, 77.26, 77.45
Sup: 76.56, 76.46, 76.30, 76.00

USD/CHF

Break above the recent consolidation range has triggered fresh rally that peaked at 0.8239 yesterday, ahead of correction. Initial support at 0.8155/45 zone was tested so far, with further reversal into 0.8000 zone seen, before fresh leg higher. Above 0.8239 to focus 0.8276, 19 July high.

Res: 0.8185, 0.8200, 0.8239, 0.8276
Sup: 0.8073, 0.8013, 0.8000, 0.7987

 

[WindsorBrokers]

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

EUR/USD

Break below 1.4465 support accelerated losses to dip to 1.4383, Fib 76.4% of 1.4328/1.4548 upleg. This weakens the near-term tone and turns focus lower, with 1.4340, trendline support, in sight, ahead of 1.4328, 25/26 Aug double bottom. On the upside, 1.4465/90 zone, previous support, now reverted to resistance, is expected to cap.

Res: 1.4465, 1.4490, 1.4532, 1.4550
Sup: 1.4383, 1.4356, 1.4340, 1.4328

GBP/USD

Turns the near term tone negative after gains from 1.6207 low stalled at 1.6453, just under main trendline resistance and subsequent reversal extends losses through main trendline at 1.6310, to hit 1.6277 low so far. This suggest a possible end of recovery phase and extension of the broader downtrend, with 1.6207 coming in focus. Oversold hourly conditions, however, see corrective bounce preceding fresh leg lower.

Res: 1.6318, 1.6338, 1.6370, 1.6394
Sup: 1.6277, 1.6222, 1.6207, 1.6165

USD/JPY

Remains in sideways trading mode, with near-term negative tone dominating as long as 77.00 zone caps the upside. Today’s weakness was contained above 76.45 range floor, however, near-term price action holds below 20 day MA, keeping the downside favored.
Only regain of 77.00 would improve and expose 77.68 for retest.

Res: 76.88, 76.97, 77.06, 77.26
Sup: 76.64, 76.56, 76.46, 76.30

USD/CHF

Break above the recent consolidation range has triggered fresh rally that peaked at 0.8239 yesterday, ahead of correction. Dip below 0.8155/45 support zone was contained at 0.8120, where fresh strength has emerged. Upside clearance of 0.8239 is required to continue gains for test of 0.8276 barrier next. Only loss of 0.8070 support would delay bulls.

Res: 0.8230, 0.8239, 0.8276, 0.8300
Sup: 0.8120, 0.8100, 0.8073, 0.8013

 

[WindsorBrokers]

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

EUR/USD

Has regained some ground after yesterday’s sharp decline to the levels below 1.4400. Near-term structure off 1.4483 low maintains positive tone, with clearance of 1.4465 required to spark stronger recovery and attract 1.4500/32 for retest. Hourly 20 day MA, currently at 1.4432, underpins. Only loss of 1.4483, yesterday’s low, would signal an extension of weakness from 1.4532 and expose channel support at 1.4350, loss of which would weaken short-term bullish tone.

Res: 1.4465, 1.4490, 1.4532, 1.4550
Sup: 1.4416, 1.4383, 1.4350, 1.4328

GBP/USD

Yesterday’s renewed attempt below main bull trendline, drawn off 1.5779 low and daily 90 day MA, has further weakened short-term tone, as temporary support was found at 1.6254, but recovery attempt being capped by trendline.20 day MA on 4-hour chart, currently at 1.6345 is maintaining negative tone. Loss of 1.6254 to turn focus to key near-term support at 1.6207, 26 Aug low. Also near Fib 61.8% retracement of 1.5779/1.6617 ascend.

Res: 1.6328, 1.6338, 1.6370, 1.6394
Sup: 1.6288, 1.6254, 1.6222, 1.6207

USD/JPY

Remains in sideways trading mode, with near-term negative tone dominating as long as 77.00 zone caps the upside. Overnight’s extension towards 76.45 range floor, and MA’s above the price, keep the downside favored for now. However, break below 76.00 is required to trigger fresh phase lower, while upside clearance of range ceiling at 77.00/26 improves.

Res: 76.75, 76.88, 76.97, 77.06
Sup: 76.53, 76.46, 76.30, 76.00

USD/CHF

Consolidates the latest rally that peaked at 0.8239 on 29 Aug. The pair is currently moving within narrow range, with 0.8120 offering immediate support. Break here would open way for stronger correction and expose 0.8073/13 supports, as near-term studies started pointing lower. On the upside, initial barrier lies at 0.8239, above which to focus key resistance at 0.8276.


Res:0.8220, 0.8230, 0.8239, 0.8276
Sup: 0.8137, 0.8120, 0.8100, 0.8073

 

[WindsorBrokers]

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

EUR/USD

Fresh gains off yesterday’s low at 1.4383 remain capped at 1.4465 for now, with near-term price action entrenched within narrow range. Holding above 1.4400 zone would keep hopes of fresh gains alive, however, clearance of initial barrier at 1.4465 is required to confirm and expose 1.4490/1.4532 next, while break below 1.4483 would risk test of channel support at 1.4357 instead.

Res: 1.4465, 1.4490, 1.4532, 1.4550
Sup: 1.4416, 1.4383, 1.4350, 1.4328

GBP/USD

Yesterday’s renewed attempt below main bull trendline, drawn off 1.5779 low and daily 90 day MA, keeps the short-term focus at the downside, as temporary support was found at 1.6254. Recovery attempt remains capped by trendline and 20 day MA on 4-hour chart, currently at 1.6345. Loss of 1.6254 to turn focus to key near-term support at 1.6207, 26 Aug low, also near Fib 61.8% retracement of 1.5779/1.6617 ascend.

Res: 1.6338, 1.6370, 1.6394, 1.6418
Sup: 1.6255, 1.6222, 1.6207, 1.6165

USD/JPY

Remains in sideways trading mode, with near-term negative tone dominating as long as 77.00 zone caps the upside. Overnight’s extension towards 76.45 range floor, and MA’s above the price, keep the downside favored for now. However, break below 76.00 is required to trigger fresh phase lower, while upside clearance of range ceiling at 77.00/26 improves.

Res: 76.75, 76.88, 76.97, 77.06
Sup: 76.44, 76.30, 76.00, 75.93

USD/CHF

Corrects the latest rally that peaked at 0.8239 on 29 Aug, as the pair broke below initial support at 0.8120, extending losses to the levels below 0.8000. This weakens the near-term tone and opens way for possible further retracement of 0.7067/0.8239 ascend, however, wider picture bull-trend off 0.7067 remains in play while 0.7790, Fib 38.2% stays intact.

Res: 0.8055, 0.8073, 0.8120, 0.8150
Sup: 0.7992, 0.7959, 0.7926, 0.7890

 

[WindsorBrokers]

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

EUR/USD

Has lost the traction after yesterday’s upside attempts were capped at 1.4465 and subsequent weakness broke below initial support at 1.4383, extending losses to 1.4350 and denting the channel support, bull trendline drawn off 1.4056 low. Sustained break below channel floor would weaken the short-term structure, with immediate focus at 1.4328, 25/26 Aug double bottom, ahead of 1.4258, 19 Aug low. Near-term studies favor this scenario, however, 1 and 4-hour RSI, close to oversold zone, may signal corrective bounce preceding fresh leg lower. Only regain of 1.4465 would improve the tone.

Res: 1.4385, 1.4415, 1.4465, 1.4490
Sup: 1.4350, 1.4328, 1.4300, 1.4258

GBP/USD

Extends the short-term weakness off 1.6617 peak, as yesterday’s attempt to return to the levels above 1.6330, broken main bull trendline, resulted in fresh decline, losing initial support at 1.6255, 30 Aug low and dipping to 1.6216, just above key short-term support at 1.6207, 26 Aug low. Break below here is required to confirm lower top at 1.6333 and open way for full retracement of 1.6110/1.6617 upleg. 20 day MA on 4- hour char, currently at 1.6323, along with 1.6333 yesterday’s high, are expected to cap for now. Only break above the latter would delay immediate bears and allow for stronger correction.

Res: 1.6269, 1.6300, 1.6338, 1.6370
Sup: 1.6216, 1.6207, 1.6165, 1.6110

USD/JPY

Bounces higher again in attempt to break out of short term range trade. Fresh strength emerged from 76.40, range floor, where yesterday’s weakness was contained, to clear 77.00 barrier at test previous high at 77.25. Corrective pullback is attempting to find ground below 77.00, to maintain near-term momentum for fresh attack at 77.68 barrier and possibly extend gains towards 80.00 resistance zone. Failure to sustain gains above 77.00 would suggest return to range trade.

Res: 77.00, 77.25, 77.68, 78.00
Sup: 76.41, 76.30, 76.00, 75.93

USD/CHF

Corrects the latest rally that peaked at 0.8239 on 29 Aug, as the pair broke below initial support at 0.8120, extending losses to the levels below 0.8000. Temporary support was found at levels just under 0.8000 mark, with gains required to clear 0.8100/20 barriers, to signal a return to strength and re-focus recent highs above 0.8200. Otherwise, fresh leg lower and attack at 0.7900/0.7800 levels would be the likely near-term scenario.


Res: 0.8080, 0.8100, 0.8120, 0.8150
Sup:0.8030, 0.8008, 0.7992, 0.7959

 

[WindsorBrokers]

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

EUR/USD

Continues to travel south after an upside rejection at 1.4465 and subsequent weakness, accelerated losses through channel support, bull trendline drawn off 1.4056 low, to 1.4262 just ahead of our target at 1.4258, 19 Aug low. Corrective action on overextended near-term conditions should be contained under 1.4350, to keep near-term bears intact. Clear break under 1.4258, however, to open way for test of 1.4150/00 next.

Res: 1.4300, 1.4328, 1.4350, 1.4375
Sup: 1.4258, 1.4243, 1.4210, 1.4150

GBP/USD

Extends the short-term weakness off 1.6617 peak, as yesterday’s attempt to return to the levels above 1.6330, broken main bull trendline, resulted in fresh decline, losing initial support at 1.6255, 30 Aug low and dipping to briefly break below key short-term support at 1.6207, 26 Aug low. Below here confirms lower top at 1.6333 and opens way for full retracement of 1.6110/1.6617 upleg. 20 day MA on 4- hour chart, at 1.6305, maintains the downtrend currently at 1.6305, while only lift above 1.6333 improves the near-term tone.

Res: 1.6251, 1.6269, 1.6300, 1.6338
Sup: 1.6194, 1.6165, 1.6110, 1.6050

USD/JPY

Bounces higher again in attempt to break out of short term range trade. Fresh strength emerged from 76.40, range floor, where yesterday’s weakness was contained, to clear 77.00 barrier at test previous high at 77.25. Corrective pullback is attempting to find ground below 77.00, to maintain near-term momentum for fresh attack at 77.68 barrier and possibly extend gains towards 80.00 resistance zone. Failure to sustain gains above 77.00 would suggest return to range trade.

Res: 77.25, 77.68, 78.00, 78.45
Sup: 76.75, 76.41, 76.30, 76.00

USD/CHF

Corrects the latest rally that peaked at 0.8239 on 29 Aug, as the pair broke below initial support at 0.8120, extending losses to the levels below 0.8000. Recovery attempt was short-lived, as gains stalled at 0.8086 and fresh weakness extended to 0.7959 so far. Broader picture bull-tone, however, remains intact while 0.7900/0.7800 support zone, also Fibonacci level, contain dips. Only loss of 0.7800/0.7770 would mark temporary top and open way for further weakness.


Res: 0.8011, 0.8030, 0.8086, 0.8100
Sup: 0.7959, 0.7926, 0.7900, 0.7851