Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD
Break below 7-week trendline support extends the near-term weakness off 1.4548 high through 1.4300/1.4258 supports to reach 1.4226 low so far. This weakens the medium-term bull structure and opens way for possible full retracement of 1.4056/1.4548 upleg. Initial supports lie at 1.4200 and 1.4150, ahead of 1.4056, 05 Aug low. Upside breakthrough 1.4314/28 barriers is required to improve near-term tone.

Res: 1.4270, 1.4300, 1.4314, 1.4328
Sup: 1.4226, 1.4210, 1.4150, 1.4100

GBP/USD

Extends the short-term weakness off 1.6617 peak, after leaving a lower top at 1.6330, broken main bull trendline, resulted in fresh decline through key near-term level at 1.6207, 26 Aug low, to nearly fully retrace 1.6207/1.6617 ascend, with 1.6131 low seen so far, Ahead of key supports at 1.6115/10, 200 day MA / 11 Aug low. Corrective attempt faces initial barrier at 1.6207 and strong resistance at 1.6250, that is expected to cap for now. Regain of 1.6300/30, however, would signal return to strength and expose 1.6400 zone.

Res: 1.6207, 1.6251, 1.6269, 1.6300
Sup: 1.6126, 1.6110, 1.6050, 1.6000

USD/JPY

Returns back to levels under 77.00 mark and broader range trade, after fresh strength from 76.40, range floor, cleared 77.00 barrier, but gains stalled at 77.25. Clearance of 76.40/77.25 range barriers is required to define direction.

Res: 77.00, 77.25, 77.68, 78.00
Sup: 76.72, 76.41, 76.30, 76.00

USD/CHF

Extends correction from 0.8239, fresh 29 Aug high, losing 0.8000 and 0.7900 supports, to focus 0.7800/0.7770, previous range floor and Fib 38.2% of 0.7067/0.8239 recovery. Loss of 0.7770 would be very bearish and confirm near-term top, for stronger reversal towards 0.7700/0.7650. on the upside, 0.7900/60 zone offers initial resistance, while only break above 0.8000 improves.

Res: 0.7900, 0.7924, 0.7987, 0.8011
Sup: 0.7844, 0.7805, 0.7770, 0.7707

 

[WindsorBrokers]

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

EUR/USD

Trades just above 1.4207, today’s fresh three-month low. Break below channel support weakens the med-term structure and opens way for test of initial supports 1.4150/1.4100, with test of key support at 1.4056 not ruled out. Overextended near-term studies see scope for corrective bounce, with hourly MACD bullish divergence supporting. On the upside, 1.4286 offers initial resistance, ahead of 1.4330/40 barrier zone, where a lower top is anticipated.

Res: 1.4286, 1.4300, 1.4314, 1.4328
Sup: 1.4207, 1.4150, 1.4100, 1.4056

GBP/USD

The latest leg lower from 1.6453, 29 Aug lower high, found temporary support at 1.6131, just ahead of key support zone at 1.6115/10, 200 day MA / 11 Aug low, also near Fib 61.8% of 1.5779/1.6617 ascend, ahead of bounce. Corrective action was capped by 20 day MA at 1.6250 for now, with fresh weakness below 1.6200 suggesting further extension of downtrend from 1.6617, to focus 1.6115/10, below which would turn med-term tone bearish. On the upside, regain of 1.6250 would ease immediate bear pressure, while clearance of 1.6330 improves.

Res: 1.6251, 1.6269, 1.6300, 1.6330
Sup: 1.6172, 1.6131, 1.6110, 1.6050

USD/JPY

Returns back to levels under 77.00 mark and broader range trade, after fresh strength from 76.40, range floor, cleared 77.00 barrier, but gains stalled at 77.25. Clearance of 76.40/77.25 range barriers is required to define direction.

Res: 76.87, 77.00, 77.25, 77.68
Sup: 76.51, 76.41, 76.30, 76.00

USD/CHF

Extends corrective pullback off 0.8239, 29 Aug high, breaking below 0.7770, the recent consolidative range floor, to retrace over 38.2% of 0.7067/0.8239 upleg, to post fresh 3-week low at 0.7710. Corrective bounce on oversold hourly/4-hour conditions is under way, with penetration of 0.7800 barrier, looking for test of 0.7900/50 zone, before bears re-assert. Below 0.7710 to focus 0.7675/55. Only break above 0.8000/35 would signal an end of corrective phase and re-focus 0.8239.

Res :0.7837, 0.7851, 0.7890, 0.7900
Sup: 0.7710, 0.7675, 0.7655, 0.7600

 

[WindsorBrokers]

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

EUR/USD

Extends the short-term downtrend from 1.4548, 29 Aug high, after break below channel support and loss of 1.4200 handle, opening way for test of 1.4100, 11 Aug low, ahead of key short-term support at 1.4056, 05 Aug low. Short-term studies remain bearish and favor further weakness, with break under 1.4056 to signal fresh leg lower and expose 1.4000 zone where daily 200 day MA currently lies. On the upside, 1.4170/1.4200 zone offers initial resistance, while only regain of 1.4258/86 improves.

Res: 1.4135, 1.4169, 1.4182, 1.4200
Sup: 1.4100, 1.4056, 1.4013, 1.4000

GBP/USD

Maintains short-term negative tone after hitting fresh low at 1.6131 on 01 Sep and subsequent recovery attempt being capped by 20 day MA at 1.6250. Fresh weakness is looking for retest of 1.6131, below which to open way for full retracement of 1.6110/1.6617 upleg and break below key short-term support at 1.6110, also near Fib 61.8% of 1.5779/1.6617 ascend, to signal fresh bear phase, with 1.6000 to come in focus. Initial resistances lie at 1.6184/1.6200.

Res: 1.6184, 1.6207, 1.6251, 1.626
Sup: 1.6131, 1.6110, 1.6050, 1.6050

USD/JPY

Returns back to levels under 77.00 mark and broader range trade, after fresh strength from 76.40, range floor, cleared 77.00 barrier, but gains stalled at 77.25. Clearance of 76.40/77.25 range barriers is required to define direction.

Res: 76.95, 77.00, 77.25, 77.68
Sup: 76.68, 76.51, 76.41, 76.30

USD/CHF

Bounces higher after pullback from 0.8239, 29 Aug low, dipped to 0.7710 last Friday, retracing between 38.2% and 50% of 0.7067/0.8239 upleg. Temporary support was found at 0.7710, with 0.7911 seen so far. Upside break above 20 day MA, currently at 0.7962, is required to signal further recovery and open 0.8000 zone for test. On the downside, loss of 0.7710 would signal a return to near-term weakness and open 0.7655, Fib 50% next.

Res :0.7911, 0.7924, 0.7958, 0.7993
Sup: 0.7837, 0.7802, 0.7756, 0.7710

 

[WindsorBrokers]

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

EUR/USD

Negative sentiment continues to drive pair lower, with overnight’s break below 1.4056, 05 Aug higher low and key short-term support, now focusing 1.4013, 200 day MA / 18 July low. Break here to signal a break below med-term range from early June and look for possible full retracement of 1.3836/1.4548 bull phase. However, overextended near-term studies see scope for corrective action, with 1.4100/ offering initial resistance, ahead of 1.4170/1.4200 zone, which is expected to cap.

Res: 1.4100, 1.4150, 1.4169, 1.4200
Sup: 1.4037, 1.4013, 1.4000, 1.3950

GBP/USD

Near-term price action enters consolidative phase after yesterday’s break below strong support zone at 1.6110, 200 day MA / 11 Aug higher low / Fib 61.8%, with sustained break lower to confirm broader picture bears and expose 1.6000 zone, 18 July low, next. Corrective attempt on oversold near-term conditions faces strong barrier at 1.6180 zone, yesterday’s high / 20 day MA, with reversal below here required to maintain bears. Otherwise, clearance of 1.6180/1.6200, would risk stronger correction and open 1.6250.

Res: 1.6184, 1.6207, 1.6251, 1.6265
Sup: 1.6065, 1.6040, 1.6000, 1.5970

USD/JPY

Remains in a directionless, narrow range trade in past one month. Near-term indicators are still flat and lacking direction, with similar configuration on the wider picture outlook. The recent price action is stuck in a narrowing range, currently between 76.40 and 77.00 levels, with break of either side to possibly signal further movements.

Res: 76.84, 76.95, 77.00, 77.25
Sup: 76.68, 76.51, 76.41, 76.30

USD/CHF

Maintains near-term positive structure off 0.7710, 02 Sep low, where pullback from 0.8239 found temporary support. Break above 0.7911, yesterday’s high / Fib 38.2%, holds near-term bulls in play, with regain of 0.8000/35 needed to confirm higher low and open way for upside extension towards 0.8086/0.8120. Only loss of 0.7840/20 would weaken the near-term tone.

Res :0.7945, 0.7959, 0.7993, 0.8023
Sup: 0.7900, 0.7859, 0.7837, 0.7820

 

[WindsorBrokers]

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

EUR/USD

Today’s sharp rally from fresh low at 1.4037, proved to be false break, despite regaining levels close to Fib 50% of 1.4548/1.4037 downleg. Gains stalled at 1.4278 and subsequent sell-off completely reversed the rally, to slightly exceed previous low, posting the fresh one at 1.4027. This keeps the broader bear structure in play, with key supports at 1.4013, 200 day MA / 18 July low, in sight.

Res: 1.4100, 1.4117, 1.4158, 1.4196
Sup: 1.4027, 1.4013, 1.4000, 1.3950

GBP/USD

Returns to weakness after today’s rally regained initial 1.6180/1.6200 resistance zone, but upside rejection at 1.6200, just ahead of Fib 76.4% of 1.6250/1.6061 decline, triggered sharp reversal. Loss of 1.6061 low extended losses to 1.6017 so far, ahead of our next target at 1.6004, 18 July low. Near-term studies remain negative, but overextended conditions suggest possible correction before fresh leg lower. Wider picture outlook remains bearish, as break below 200 day MA favors possible retest of 1.5779, 12 July low in short-term.

Res: 1.6063, 1.6086, 1.6100, 1.6153
Sup: 1.6017, 1.6000, 1.5970, 1.5903

USD/JPY

Today’s fresh rally through upper one-month range boundary at 77.00/25 zone, has so far reached 77.60, just under previous high at 77.68, posted on 25 Aug. Holding above 77.00 mark, also 20 day MA, keeps near-term positive structure in play for possible fresh attack at key near-term barriers at 80.00/23. Loss of 77.00 support, however, would signal an end of recovery attempt and return to range trade.

Res: 77.60, 77.68, 77.84, 78.45
Sup: 77.00, 76.71, 76.51, 76.41

USD/CHF

Maintains near-term positive structure off 0.7710, 02 Sep higher low, after strong rally from today’s low at 0.7840 surged through previous high at 0.8239 to hit fresh high at 0.8570, Fib 50% of 1.0067/0.7067 decline, levels last seen in late May. This turns short-term outlook positive, with focus at 200 day MA, currently at 0.8868, with 0.8944, 13 May high / trendline off 1.0064 high, seen on a break. Previous high at 0.8239 offers initial support.

Res :0.8570, 0.8600, 0.8700, 0.8746
Sup: 0.8437, 0.8400, 0.8300, 0.8239

 

[WindsorBrokers]

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

EUR/USD

Trades in a near-term corrective mode after yesterday’s spike to the levels just under 1.4300 and sharp fall through 1.4000 zone, 18 July low / 200 day MA, to extend losses to 1.3970 so far. Bounce on overextended near-term conditions is under way, with initial barrier at 1.4120, 20 day MA on 4-hour chart and possible extension towards 1.4170, near Fib 38.2% of 1.4548/1.3970 decline, where a lower top is anticipated to maintain wider picture bearish tone. Below 1.3970 to focus 1.3950, with extension to key level at 1.3836 not ruled out.

Res: 1.4088, 1.4100, 1.4117, 1.4170
Sup: 1.4036, 1.4000, 1.3970, 1.3950

GBP/USD

Yesterday’s upside rejection at 1.6200 has triggered sharp fall through 1.6000/1.5980 support, extending losses to 1.5920 so far, just ahead of our next target at 1.5900. Corrective attempt has so far reached levels just above 1.6000 mark, ahead of initial barrier at 1.6060/1.6100 zone that is expected to cap. Broader outlook, however, remains bearish, with break below 200 day MA, now favoring further downside extension and possible re-test of key support at 1.5779, 12 July low.

Res: 1.6015, 1.6063, 1.6086, 1.6100
Sup: 1.5966, 1.5920, 1.5903, 1.5850

USD/JPY

Maintains near-term positive structure after yesterday’s rally broke above the one-month range and tested recent high at 77.68. Subsequent two-legged pullback has so far found support at 77.00 zone and holding above here keeps scope for fresh recovery through 77.68, to test 78.00/45 next. Loss of 77.00 handle, however, would suggest another false break higher and return back to directionless trading.

Res: 77.40, 77.70, 77.84, 78.00
Sup: 77.06, 76.71, 76.51, 76.41

USD/CHF

Trades in a narrow consolidative range after yesterday’s strong gains peaked at 0.8624. Further reversal is not ruled out at this stage, as near-term conditions are overbought. Initial support lies at 0.8540. On the upside, next target lies at 0.8750.

Res : 0.8624, 0.8700, 0.8746, 0.8800
Sup: 0.8544, 0.8500, 0.8470, 0.8437

 

[WindsorBrokers]

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

EUR/USD

Recovery attempt from today’s fresh low at 1.3970, stalled at 1.4150, as break above 20day MA failed to hold gains. Subsequent reversal to the levels near 1.4000 mark signals the pair coming under pressure, with 1.4000/1.3970 in focus again. Loss of the latter opens way towards 1.3950 initially, ahead possible attempt at key support at 1.3836. On the upside, 1.4080/1.4100 offers initial resistance, while only clearance of today’s high at 1.4150 improves near-term outlook.

Res: 1.4080, 1.4100, 1.4150, 1.4170
Sup: 1.4017, 1.4000, 1.3970, 1.3950

GBP/USD

Short-term bears remain in play after break below 200 day MA extended weakness to fresh 7-week low at 1.5920 and corrective bounce stalled on approach to the initial barrier at 1.6065. While 20 day MA caps the upside, immediate focus is at 1.5920/00, loss of which would expose key support at 1.5779 for retest.

Res: 1.6011, 1.6038, 1.6063, 1.6086
Sup: 1.5954, 1.5920, 1.5903, 1.5850

USD/JPY

Maintains near-term positive structure after yesterday’s rally broke above the one-month range and tested recent high at 77.68. Subsequent two-legged pullback has so far found support at 77.00 zone and holding above here keeps scope for fresh recovery through 77.68, to test 78.00/45 next. Loss of 77.00 handle, however, would suggest another false break higher and return back to directionless trading.

Res: 77.40, 77.70, 77.84, 78.00
Sup: 77.06, 76.71, 76.51, 76.41

USD/CHF

Trades in a narrow consolidative range after yesterday’s strong gains peaked at 0.8624. Further reversal is not ruled out at this stage, as near-term conditions are overbought. Initial support at 0.8540 holds the downside for now, keeping the immediate focus at 0.8624, clearance of which to open fresh leg higher and expose 0.8750 next.

Res : 0.8609, 0.8624, 0.8700, 0.8746
Sup: 0.9565, 0.8540, 0.8500, 0.8470

 

[WindsorBrokers]

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

EUR/USD

Continues to trade in a near-term consolidative/corrective mode, holding above 1.4000 mark, after dipping to fresh two-month low at 1.3970 on 06 Sep. Current attempt through 20 day MA at 1.4076, with break above 1.4100 barrier, would signal further recovery and expose key near-term resistance at 1.4150. Holding above 200 day MA keeps the structure positive and favors further recovery. On the downside, 1.4050/12 lows offer initial support. However, today’s ECB’s decision and particularly Trichet’s comments would provide more clear picture of the pair’s direction.

Res: 1.4107, 1.4150, 1.4170, 1.4200
Sup: 1.4050, 1.4012, 1.4000, 1.3970

GBP/USD

Remains under pressure after recovery attempt from 1.5920 low failed to sustain gains above key 1.6000 barrier and subsequent reversal slightly exceeded 1.5920, posting fresh low at 1.5917. Holding below 1.6000 keeps the immediate focus lower, with near-term studies supporting the scenario of fresh leg lower and test of 1.5900 initially. Upside regain of 1.6000 improves, but clearance of 1.6038/65 is required to confirm.

Res: 1.5991, 1.6011, 1.6038, 1.6063
Sup: 1.5917, 1.5903, 1.5850, 1.5800

USD/JPY

Maintains near-term positive structure after breaking above the one-month range tested recent high at 77.68. Subsequent pullback has so far found support at 77.00 zone and holding above here keeps scope for fresh recovery through 77.68, to test 78.00/45 next, with 20 day MA, currently at 77.20, underpinning. Loss of 77.00 handle, however, would suggest another false break higher and return back to directionless trading.

Res: 77.44, 77.70, 77.84, 78.00
Sup: 77.06, 76.71, 76.51, 76.41

USD/CHF

Trades in a narrow consolidative range after yesterday’s strong gains peaked at 0.8624. Further reversal is not ruled out at this stage, as near-term conditions are in overbought zone. Initial support at 0.8540 holds the downside for now, keeping the immediate focus at 0.8624, clearance of which to open fresh leg higher and expose 0.8750 next.

Res : 0.8624, 0.8700, 0.8746, 0.8800
Sup: 0.8582, 0.8570, 0.8540, 0.8500

 

[WindsorBrokers]

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

EUR/USD

Returns to weakness after recovery from 1.3970 failed to hold gains above 1.4100 and fresh leg lower briefly broke below 1.3970, previous low and dented main bull trendline drawn off 1.1875, 2010 low. Daily chart studies continue to point lower, with clear break lower, along with recent loss of 200 day MA to trigger fresh bear phase, with initial target at 1.3836. However, some hesitation could be seen before break lower, as hourly oversold conditions suggest corrective action, with 20 day MA, currently at 1.4060, offering initial barrier, ahead of 1.4100 zone. Only lift above 1.4150 would ease bear pressure.

Res: 1.4012, 1.4060, 1.4107, 1.4150
Sup: 1.3953, 1.3907, 1.3854, 1.3836

GBP/USD

Extends losses to 1.5912, just ahead of our initial target at 1.5900, to find temporary support for fresh recovery attempt. Break above previous high at 1.6038 and 20 day MA, would signal stronger correction ahead, with regain of 1.6065 barrier and important levels at 1.6115/24, Fib 38.2% of 1.6453/1.5912 decline / 200 day MA, required to confirm. Upside rejection below the latter would signal lower top and fresh extension of the broader downtrend.

Res: 1.6051, 1.6063, 1.6115, 1.6124
Sup: 1.5990, 1.5956, 1.5927, 1.5912

USD/JPY

Maintains near-term positive structure after breaking above the one-month range tested recent high at 77.68. Subsequent pullback has so far found support at 77.00 zone and holding above here keeps scope for fresh recovery through 77.68, to test 78.00/45 next, with 20 day MA, currently at 77.20, underpinning. Loss of 77.00 handle, however, would suggest another false break higher and return back to the month-long range.

Res: 77.44, 77.70, 77.84, 78.00
Sup: 77.06, 76.71, 76.51, 76.41

USD/CHF

The near-term price action has seen break above the recent consolidation under 0.8624 high, posted on 06 Sep, with today’s fresh strength emerging higher to hit levels near 0.8700, our initial target. Near-term bulls remain intact while hourly 20 day MA, currently at 0.8600 supports the advance, with potential break here to return prices back to the range. Only loss of 0.8540 support would signal stronger pullback.

Res : 0.8624, 0.8700, 0.8746, 0.8800
Sup: 0.8624, 0.8600, 0.8582, 0.8540

 

[WindsorBrokers]

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

EUR/USD

Yesterday’s sell-off after ECB has extended losses below 1.3900, to hit fresh low at 1.3970, ahead of mild correction overnight. The pair remains under pressure after break below 200 day MA and long-term trendline support off 1.1875, 2010 low, with 1.3860/36, 02 July high / 12 July low, in focus. On the upside, today’s high at 1.3935 offers initial resistance, ahead of 1.3970/1.4000 zone that is expected to cap.

Res: 1.3900, 1.3935, 1.3950, 1.3970
Sup: 1.3871, 1.3860, 1.3836, 1.3800

GBP/USD

Found near-term support at 1.5912, just ahead of strong support at 1.5900, with subsequent bounce regaining 1.6038/65 barriers, but gains stalled on approach to 1.6100 resistance zone. Return to 1.5950 area keeps the pair in a near-term directionless trade, with loss of 1.5900 handle to signal fresh bearish phase and expose 1.5779, key support, as 20 day MA holds above the price. On the upside, regain of 1.6100 is required to improve.

Res: 1.5990, 1.6038, 1.6082, 1.6115
Sup: 1.5945, 1.5912, 1.5900, 1.5850

USD/JPY

Maintains near-term positive structure after breaking above the one-month range tested recent high at 77.68. Subsequent pullback has so far found support at 77.00 zone and holding above here keeps scope for fresh recovery through 77.68, to test 78.00/45 next, with 20 day MA, currently at 77.20, underpinning. Loss of 77.00 handle, however, would suggest another false break higher and return back to the month-long range.

Res: 77.59, 77.70, 77.84, 78.00
Sup: 77.13, 77.06, 76.71, 76.51

USD/CHF

The near-term price action has seen break above the recent consolidation under 0.8624 high, posted on 06 Sep, with fresh strength emerging higher to hit new high at 0.8767 yesterday. Near-term bullish outlook remain in play, however, wider picture’s conditions are overbought, with corrective pullback not ruled out at this stage. On the downside, 0.8624/00 zone offers good support, while break above 0.8767 would turn focus towards 200 day MA, currently at 0.8850.


Res : 0.8737, 0.8755, 0.8767, 0.8800
Sup: 0.8700, 0.8624, 0.8600, 0.8582, 0.8540

 

[WindsorBrokers]

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

EUR/USD

Extends the broader downtrend from 1.4548 after yesterday’s correction from 1.3971 failed to sustain gains above 1.4100 mark. Fresh leg lower has seen an extension through 1.3900, accelerating losses after loss of key support at 1.3836, to hit fresh lows under 1.3800. further weakness would target 1.3750/00 initially, ahead of 1.3665, Fib 61.8% of 1.2872/1.4548 upleg. Over-extended near-term studies, however, warn of corrective bounce, with immediate barriers at 1.3838 and 1.3871, where 20 day MA currently stands. Only regain of 1.3938, yesterday’s low, improves near-term tone.

Res: 1.3800, 1.3835, 1.3870, 1.3900
Sup: 1.3759, 1.3750, 1.3700, 1.3666

GBP/USD

Comes under pressure again after ending near-term consolidative phase above 1.5900 mark and upside attempts capped just under 1.6100. Return to weakness after loss of 1.5950, with brief break below 1.5900 support signaling fresh leg lower, with 1.5779, key med-term support coming in focus. Corrective attempts would face initial resistance at 1.6000, while only regain of 1.6100 barrier eases immediate bear pressure.

Res: 1.5950, 1.5990, 1.6038, 1.6082
Sup: 1.5850, 1.5824, 1.5800, 1.5779

USD/JPY

Maintains near-term positive structure after breaking above the one-month range tested recent high at 77.68. Subsequent pullback has so far found support at 77.00 zone and holding above here keeps scope for fresh recovery through 77.70, to test 78.00/45 next, with 20 day MA, currently at 77.4, underpinning. Loss of 77.00 handle, however, would suggest another false break higher and return back to the month-long range.

Res: 78.00, 78.45, 79.00, 79.31
Sup: 77.42, 77.13, 77.06, 76.71

USD/CHF

The near-term price action has seen break above the recent consolidation below 0.8624 high, posted on 06 Sep, with fresh strength through 0.8767, yesterday’s high, to hit new highs above 0.8800 barrier. Immediate focus lies at 200 day MA, currently at 0.8850, with break higher to confirm short-term bullish stance and open 0.8930/44, trendline resistance / Fib 61.8% of 1.0064/0.7067 decline / 13 May high. On the downside, 0.8700 zone offers initial support, with 20 day MA at 0.8650, underpinning.

Res : 0.8800, 0.8850, 0.8900, 0.8944
Sup: 0.8773, 0.8706, 0.8624, 0.8600

 

[WindsorBrokers]

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

EUR/USD

Maintains short-term negative tone after today’s opening nearly 100 pips below last Friday’s close signaled fresh weakness. Losses extended to hit fresh 7-month low at 1.3500. Corrective attempt on overextended near-term conditions is under way, with initial resistance at 1.3625 zone, today’s high / Friday’s low, with upside seen limited for now, as near-term indicators are firmly bearish. Below 1.3500 to focus 1.3427, 13 Feb low.

Res: 1.3600, 1.3625, 1.3652, 1.3700
Sup: 1.3500, 1.3427, 1.3407, 1.3365

GBP/USD

Continues to travel south after failure to regain 1.6000 barrier, with sustained break below 1.5900, extending losses to post fresh two month low under 1.5800 level. Immediate focus is at key support at 1.5779, 12 July low. Near-term indicators continue to point lower, but entered oversold zone, with 4-hour chart MACD bearish divergence, signaling possible correction. Initial resistance lies at 1.5860, today’s high / 20 day MA, ahead of strong barrier at 1.5900 zone.

Res: 1.5843, 1.5860, 1.5900, 1.5950
Sup: 1.5791, 1.5779, 1.5750, 1.5700

USD/JPY

Failed to maintain recent positive sentiment, with upside rejection at 77.85, just above previous high at 77.70, triggering strong reversal. Loss of initial support at 77.00 may signal return to the previous range, however, break below 76.40 initial support would risk test of 76.00, below which would turn the tone bearish.

Res: 77.09, 77.61, 77.71, 77.85
Sup: 76.71, 76.40, 76.00, 75.93

USD/CHF

Confirms the short-term bullish structure after today’s higher open and the latest gains’ break above 200 day MA, to test main bear- trendline at 0.8924, also Fib 61.8% of 1.0064/0.7067 descend.. Break here to open way for test of the next important barrier at 0.8944, 13 May high. Near-term studies remain bullish, but overbought, with corrective pullback not ruled out. Initial supports lie at 0.8855/00 zone.

Res : 0.8926, 0.8944, 0.9007, 0.9050
Sup: 0.8872, 0.8855, 0.8800, 0.8773

 

[WindsorBrokers]

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

EUR/USD
Maintains short-term negative tone after today’s opening nearly 100 pips below last Friday’s close extended losses to hit fresh 7-month low at 1.3500. Corrective bounce exceeded initial resistance at 1.3625 zone, but stalled on approach at 1.3700/25 resistance zone, with break below 1.3600, 20 day MA, to open way towards 1.3500. Wider picture remains bearish and loss of 1.3500 handle to expose 1.3427 next.

Res: 1.3678, 1.3700, 1.3725, 1.3787
Sup: 1.3600, 1.3590, 1.3533, 1.3500

GBP/USD

Near-term corrective attempt off today’s fresh two-month low at 1.5791, ran out of steam on approach at 1.5900, strong resistance zone, with subsequent sell-off under way. Break below hourly 20 day MA turns focus at 1.5791, below which to open key support at 1.5779, as short-term structure remains bearish, with break here to signal fresh bear phase and initially focus 1.5750/00 zone.

Res: 1.5885, 1.5900, 1.5950, 1.6000
Sup: 1.5800, 1.5791, 1.5779, 1.5750

USD/JPY

Failed to maintain recent positive sentiment, with upside rejection at 77.85, just above previous high at 77.70, triggering strong reversal. Loss of initial support at 77.00 may signal return to the previous range, however, break below 76.40 initial support would risk test of 76.00, below which would turn the tone bearish.

Res: 77.09, 77.61, 77.71, 77.85
Sup: 76.74, 76.40, 76.00, 75.93

USD/CHF

Confirms the short-term bullish structure after today’s higher open and the recent break above 200 day MA, to test main bear- trendline at 0.8924, also Fib 61.8% of 1.0064/0.7067 descend.. Break here to open way for test of the next important barrier at 0.8944, 13 May high. Near-term studies remain bullish, however, corrective pullback on overbought conditions has so far tested initial support at 0.8800. Further easing into 0.8770/00 zone is not ruled out, before bulls re-assert for fresh leg higher.

Res : 0.8851, 0.8862, 0.8910, 0.8926
Sup: 0.8800, 0.8773, 0.8750, 0.8700

 

[WindsorBrokers]

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

EUR/USD

Corrective attempt from yesterday’s fresh 7-month low at 1.3500 has so far been capped at 1.3680/90 zone, Fib 23.6% retracement of 1.4278/1.3500 descend. Near-term structure keeps the bullish tone alive, however, clearance of 1.3700/20 zone is required to confirm and resume correction towards 1.3796, Fib 38.2%. Wider picture, however, remains bearish, but daily RSI entering oversold zone.

Res: 1.3680, 1.3700, 1.3725, 1.3787
Sup: 1.3620, 1.3600, 1.3555, 1.3500

GBP/USD

Trades in a corrective/consolidative mode after hitting fresh low at 1.5772, with upside capped below 1.5900, key near-term barrier, for now. Sustained break here is needed to signal further recovery and open 1.6000, then 1.6030, Fib 38.2% of 1.6453/1.5772, ahead of 1.6082, 08 Sep high. However, near-term studies keep the downside in focus while 20 day MA, currently at 1.5908, stays above the price.

Res: 1.5868, 1.5885, 1.5900, 1.5950
Sup: 1.5800, 1.5784, 1.5772, 1.5750

USD/JPY

Failed to maintain recent positive sentiment, with upside rejection at 77.85, just above previous high at 77.70, triggering strong reversal. Loss of initial support at 77.00 may signal return to the previous range, as the latest push higher failed at 77.40. However, break below 76.40 initial support would risk test of 76.00, below which would turn the tone bearish.

Res: 77.24, 77.40, 77.61, 77.71
Sup: 76.96, 76.74, 76.40, 76.00

USD/CHF

Confirms the short-term bullish structure after today’s higher open and the recent break above 200 day MA, to test main bear- trendline at 0.8924, also Fib 61.8% of 1.0064/0.7067 descend.. Break here to open way for test of the next important barrier at 0.8944, 13 May high. Near-term studies remain bullish, however, corrective pullback on overbought conditions has so far tested initial support at 0.8800. Further easing into 0.8770/00 zone is not ruled out, before bulls re-assert for fresh leg higher.

Res : 0.8879, 0.8910, 0.8926, 0.8944
Sup: 0.8800, 0.8785, 0.8750, 0.8700

 

[WindsorBrokers]

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

EUR/USD

Remains in a near-term consolidative mode after bounce from 1.3500, fresh 7-month low, was capped at 1.3680/90 zone, also Fib 23.6% of 1.4278/1.3500 decline. Dips were contained just above 1.3555 initial support, keeping the pair in a narrow directionless trade. Short-term bears, however, remain intact, as the latest upside attempt is seen corrective, before fresh phase lower. Below 1.3500 to open 1.3427. On the upside, clearance of 1.3690/1.3700 and 1.3725, 20 day MA, is required to trigger stronger correction and expose 1.3800 next.

Res: 1.3680, 1.3700, 1.3725, 1.3787
Sup: 1.3623, 1.3600, 1.3555, 1.3500

GBP/USD

Overnight’s corrective attempt from 1.5772 was limited under initial barriers at 1.5885/1.5900, with subsequent weakness briefly exceeding 1.5772, to post marginal fresh low at 1.5761. Near-term studies are starting to point higher, with clearance of 1.5885/1.5920 resistance zone, required to spark stronger recovery and open way for test of 1.6000 next. Wider picture’s outlook, however, remains bearish.

Res: 1.5850, 1.5868, 1.5885, 1.5900
Sup: 1.5793, 1.5774, 1.5761, 1.5750

USD/JPY

Failed to maintain recent positive sentiment, with upside rejection at 77.85, just above previous high at 77.70, triggering strong reversal. Loss of initial support at 77.00 may signal return to the previous range, as the latest push higher failed at 77.40. However, break below 76.40 initial support would risk test of 76.00, below which would turn the tone bearish.

Res: 77.09, 77.24, 77.40, 77.61
Sup: 76.74, 76.40, 76.30, 76.00

USD/CHF

Consolidates the latest rally through 200 day MA that resulted in test of main bear trendline off 1.0067, at 0.8924. Subsequent correction is currently entrenched within 0.8785/0.8888 range, with almost flat near-term studies and 20 day MA still underpinning. However, loss of the near-term range at 0.8785 would allow for stronger pullback and expose 0.8700 zone. On the upside, clearance of 0.8880 barrier is required to turn focus higher and expose key barrier at 0.8924.

Res : 0.8835, 0.8879, 0.8910, 0.8924
Sup: 0.8785, 0.8750, 0.8700, 0.8666

 

[WindsorBrokers]

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

EUR/USD

Near-term price action remains at the back foot, after extending correction from 1.3500, probed levels above 1.3700, but failure to sustain gains above the latter triggered reversal. Dip below 1.3600 handle suggests further weakness and possible test of key near-term level at 1.3555, below which would signal an end of corrective phase and re-focus 1.3500. Negative near-term studies support this scenario, with 20 day MA pointing lower and capping the upside for now. Only clear break above 1.3738, yesterday’s low, would open way for stronger recovery towards 1.3800, Fibonacci level.

Res: 1.3650, 1.3704, 1.3738, 1.3800
Sup: 1.3590, 1.3555, 1.3500, 1.3427

GBP/USD

Continues to travel south after short consolidation attempt was capped under 1.5900 barrier. Today’s fresh weakness through 1.5761/50 supports is approaching 1.5700 level, below which to focus 1.5650/00 initially. Previous lows at 1.5761/72 now offer initial resistance, while key near-term barrier lies at 1.5900 zone and only break here to signal stronger recovery.

Res: 1.5761, 1.5772, 1.5800, 1.5850
Sup: 1.5713, 1.5700, 1.5650, 1.5600

USD/JPY

Trades in a narrow range after upside rejection at 77.85 sparked fresh weakness that dipped under 77.00 handle. Temporary support was found at 76.75, however, while 77.00 caps the upside, the negative near-term sentiment keeps focus to the downside, with loss of 76.75/40 supports to expose key levels at 76.00/75.93, loss of which would be very bearish.

Res: 77.06, 77.24, 77.40, 77.61
Sup: 76.75, 76.40, 76.30, 76.00

USD/CHF

Consolidates the latest rally through 200 day MA that resulted in test of main bear trendline off 1.0067, at 0.8924. Subsequent correction has so far been contained at 0.8765, 08 Sep high, with upside clearance of 0.8878, upper range boundary, needed to re-expose 0.8924 high. However, loss of 0.8765 support would signal deeper correction and open 0.8700 zone for test.

Res : 0.8878, 0.8900, 0.8910, 0.8924
Sup: 0.8785, 0.8765, 0.8750, 0.8700

 

[WindsorBrokers]

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

EUR/USD

Today’s fresh strength briefly broke above yesterday’s high at 1.3738, after dips were contained at 1.3590. This keeps near-term bulls in play for possible extension towards 1.3800/38, Fibonacci level / 09 Sep intraday high. Hourly 20 day MA, currently at 1.3675, maintains near-term positive structure. Only loss of today’s low and key near-term support at 1.3590 would weaken the structure.

Res: 1.3746, 1.3787, 1.3800, 1.3838
Sup: 1.3690, 1.3635, 1.3606, 1.3590

GBP/USD

Corrective bounce on oversold conditions from today’s fresh low at 1.5705, regained 1.5800 handle so far, with 20 day MA at 1.5838, expected to cap recovery attempt. Overall picture remains bearish, with current upmove seen corrective ahead of fresh leg lower and below 1.5705 to open 1.5650/00. Only break above 1.5850/85 barriers, also near Fib 38.2% / 50% of 1.6082/1.5705 descend, would ease immediate bear pressure in favor of stronger correction and test of strong resistance zone at 1.5900/20.

Res: 1.5813, 1.5850, 1.5885, 1.5900
Sup: 1.5781, 1.5751, 1.5722, 1.5705

USD/JPY

Extends the near-term weakness after recovery attempt failed to regain 77.00 barrier and fresh losses broke below initial support at 76.74. This would further weaken near-term tone and expose key support zone at 76.50/30, loss of which to signal a downside break of the recent range and test of 75.93, 19 Aug fresh record low. Near-term studies continue to point lower, with 20 day MA maintaining bear-tone.

Res: 76.95, 77.06, 77.24, 77.40
Sup: 76.50, 76.40, 76.30, 76.00

USD/CHF

Trades in a corrective mode after the latest rally through 200 day MA that resulted in test of main bear trendline off 1.0067, at 0.8924. Succession of marginally lower lows and lower highs, keeps the near-tern corrective tone off 0.8924 in play, as wider picture’s conditions are overextended. On the downside, 0.8700 zone is seen next, ahead of Fib 23.6% at 0.8670. Hourly 20 day MA, currently at 0.8800 maintains the tone, while only break above today’s high at 0.8852 improves.


Res : 0.8789, 0.8828, 0.8852, 0.8877
Sup: 0.8752, 0.8706, 0.8670, 0.8625

 

[WindsorBrokers]

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

EUR/USD

Maintains near-term positive structure off 1.3500, fresh seven-month low, posted on 12 Sep. Series of higher highs and lower lows extend the correction with 1.3782 high seen so far, just under 1.3800, Fib 38.2% of 1.4278/1.3500 downleg. Break here is required to confirm recovery and open way towards 1.3838/70 next. Trendline support at 1.3635 offers the main near-term support, while break above hourly 20 day MA on hourly chart and 9/14 day MA’s above the latter, keep focus at the upside. However, longer-term outlook remains bearish while below 1.4000 resistance zone.

Res: 1.3756, 1.3782, 1.3800, 1.3838
Sup: 1.3702, 1.3635, 1.3590, 1.3557

GBP/USD

Near-term price action is seen trapped in a narrow range sideways trading, after posting fresh low at 1.5705 yesterday. Broader bear-trend remains intact while key barrier at 1.5900 zone is intact. Near-term outlook is seen capped by 20 day MA, currently at 1.5776 caps, with break here and 1.5800 zone required to signal stronger correction.
On the downside, break below 1.5705 opens further weakness towards 1.5650/00.

Res: 1.5776, 1.5813, 1.5850, 1.5885
Sup: 1.5745, 1.5705, 1.5650, 1.5600

USD/JPY

Extends the near-term weakness after recovery attempt failed to regain 77.00 barrier and fresh losses broke below initial support at 76.74. This would further weaken near-term tone and expose key support zone at 76.50/30, loss of which to signal a downside break of the recent range and test of 75.93, 19 Aug fresh record low. Near-term outlook keeps the downside, with 20 day MA, currently at 76.91, maintaining bear-tone.

Res: 76.79, 76.95, 77.06, 77.24
Sup: 76.59, 76.50, 76.40, 76.30

USD/CHF

Trades in a corrective mode after the latest rally through 200 day MA that resulted in test of main bear trendline off 1.0067 at 0.8924. Succession of marginally lower lows and lower highs, keeps the near-tern corrective tone off 0.8924 in play, as wider picture’s conditions are overextended. On the downside, 0.8700 zone is seen next, ahead of Fib 23.6% at 0.8670. Hourly 20 day MA, currently at 0.8800 maintains the tone, while only break above today’s high at 0.8852 improves.


Res :0.8795, 0.8819, 0.8852, 0.8877
Sup: 0.8727, 0.8706, 0.8670, 0.8625

 

[WindsorBrokers]

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

EUR/USD

Accelerates gains after break above 1.3782/1.3800, previous high / Fib 38.2%, to probe levels above 1.3900, Fib 50%. Near-term indicators point higher and support further extension towards 1.3971/77, 06 Sep low / Fib 61.8%, possibly 1.4000 on a break. Hourly RSI in overbought zone signals corrective pullback, ahead of fresh rally. Immediate support lies at 1.3824/00, with 20 day MA at 1.3760, underpinning the advance.

Res: 1.3935, 1.3977, 1.4000, 1.4050
Sup: 1.3824, 1.3800, 1.3771, 1.3702

GBP/USD

Breaks above the near-term range ceiling at 1.5800 zone to extend bounce from fresh low at 1.5705, to hit 1.5854 high so far. Immediate focus lies at 1.5868/85 barriers, also near Fib 23.6% of 1.6453/1.5705 descend, above which to open key near-term barrier at 1.5900/20 zone, previous consolidation range floor. Near-term studies remain supportive.

Res: 1.5854, 1.5885, 1.5900, 1.5920
Sup: 1.5813, 1.5789, 1.5730, 1.5705

USD/JPY

The latest strong rally from 76.50, near the short-term range floor, spiked through initial barrier at 77.00 to reach 77.27 high, where gains stalled and subsequent reversal brought the prices to the levels under 77.00. Holding below the latter would signal a false break higher and keep the pair entrenched within 5-week range.

Res: 77.00, 77.06, 77.27, 77.37
Sup: 76.55, 76.50, 76.40, 76.30

USD/CHF

Remains in a near-term corrective mode after the latest rally through 200 day MA that resulted in test of main bear trendline off 1.0067 at 0.8924. Succession of marginally lower lows and lower highs, keeps the near-tern corrective tone off 0.8924 in play, with the latest sharp dip through 0.8706/0.8670 supports, hit fresh one-week low at 0.8646, with further easing towards 0.8624/00 seen favored. Hourly 20 day MA, currently at 0.8760, points lower and maintain near-term bears. Only regain of 0.8800 zone would offer some relief.

Res :0.8720, 0.8731, 0.8795, 0.8819
Sup: 0.8646, 0.8624, 0.8600, 0.8570

 

[WindsorBrokers]

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

EUR/USD

Extension of short-term bulls from 1.3500, 12 Sep low, reached 1.3935 high posted yesterday. This marks between 50% and 61.8% Fibonacci retracement of 1.4278/1.3500 downleg. Overall positive tone remains intact, as 4-hour 20 day MA underpins. However, near-term corrective phase off 1.3935 is under way, as hourly studies point lower. Initial support at 1.3835 has been tested so far and further reversal is seen towards 1.3800. Reversal above 1.3780/70 support zone is required to maintain bullish structure. On the upside, lift above 1.3935 to expose 1.3970/80, 06 Sep low / Fib 61.8%.

Res: 1.3875, 1.3895, 1.3935, 1.3977
Sup: 1.3800, 1.3780, 1.3771, 1.3702

GBP/USD

Recovery attempt from 1.5705, 14 sp fresh low has so far been capped at 1.5870 zone, just under main bear trendline drawn off 1.6453, 29 Aug high. Break below hourly 20 day MA and 1.5800 handle would signal further easing, as initial support at 1.5780 is under pressure. Hourly studies are still pointing lower and possible reversal towards 1.5705 could not be ruled out. On the upside, key near-term barrier, trendline at 1.5845 needs to be cleared to avoid immediate downside risk and open way towards key near-term barrier at 1.5900/20 zone.

Res: 1.5816, 1.5868, 1.5885, 1.5900
Sup: 1.5757, 1.5730, 1.5705, 1.5650

USD/JPY

Near-term price action shows slightly positive tone after yesterday’s spike to 77.27 was short-lived, as the price sharply reversed to 76.60 zone. Current recovery attempt to break above 20 day MA on 4-hour chart would signal possible attack at 77.00/27 barriers, otherwise rejection here to risk return to 76.60/40 zone.

Res: 76.86, 77.00, 77.06, 77.27
Sup: 76.74, 76.60, 76.50, 76.40

USD/CHF
Holds near-term positive tone after pullback from 0.8926, 12 Sep fresh high, found support at 0.8646 yesterday. Gains cleared initial resistance at 0.8720, but regain of 0.8800 barrier is required to confirm near-term bottom at 0.8646 and open way for stronger gains. Overextended daily conditions, however, see scope for deeper correction.

Res 0.8751, 0.8795, 0.8819, 0.8852
Sup: 0.8673, 0.8646, 0.8624, 0.8600