Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD
Extends reversal from 1.3935, yesterday’s high, losing our initial support at 1.3770, yesterday’s higher platform / Fib 38.2% of 1.3500/1.3935, to hit fresh daily low at 1.3752. Dynamic support at 1.3750, 20 day MA, has so far contained losses. Key levels on the downside lie at 1.3700/1.3680, yesterday’s low / trendline, below which would risk lower top and signal further weakness. However, reversal above the 1.3680, would keep bullish structure intact for fresh push higher.

Res: 1.3825, 1.3875, 1.3895, 1.3935
Sup: 1.3752, 1.3702, 1.3680, 1.3668

GBP/USD

Recovery attempt from 1.5705, 14 Sep fresh low has so far been capped at 1.5870 zone, just under main bear trendline drawn off 1.6453, 29 Aug high. Near-term price action remains entrenched within a narrow range, however, holding above 1.5800 handle keeps focus at the upside, with break of trendline, currently at 1.5835, to signal fresh recovery and expose key near-term barriers at 1.5900/20. Failure to hold above 1.5800 would risk return to 1.5705.

Res: 1.5829, 1.5868, 1.5885, 1.5900
Sup: 1.5771, 1.5744, 1.5730, 1.5705

USD/JPY

Returns to a narrow range directionless trading after yesterday’s spike to 77.27 was followed by sharp reversal to 76.60 zone. Price is currently hovering just under 4-hour 20 day MA, break of which to possibly re-attract levels above 77.00 barrier. Yesterday’s low at 76.55 offers initial support, while loss of 76.40/30, broader range floor, to risk retest of record low at 75.93.

Res: 76.86, 77.00, 77.06, 77.27
Sup: 76.60, 76.50, 76.40, 76.30

USD/CHF

Holds near-term positive tone after pullback from 0.8926, 12 Sep fresh high, found support at 0.8646 yesterday. Gains extended to 0.8765 so far, over 38.2% retracement of 0.8926/0.8646 downleg, with clearance of trendline resistance at 0.8771 and 0.8800/20 barriers required to resume recovery, otherwise, risk would be of forming lower top ahead of fresh phase lower.


Res 0.8765, 0.8795, 0.8819, 0.8852
Sup: 0.8719, 0.8700, 0.8673, 0.8646

 

[WindsorBrokers]

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

EUR/USD

Came under pressure again after past week’s positive performance. Last night’s lower opening of near 100 pips brings the pair under the main short-term bull trendline drawn off 1.3500 low, with 1.3644 low seen so far, over Fib 61.8% of 1.3500/1.3935 upleg. Corrective bounce on oversold hourly studies is under way, with initial resistance at 1.3700/10 zone, ahead of dynamic 20 day MA barrier, currently at 1.3730 and 1.3750, last Friday’s low. Below 1.3644 opens 1.3590, 14 Sep low, next.

Res: 1.3700, 1.3713, 1.3752, 1.3776
Sup: 1.3644, 1.3600, 1.3590, 1.3557

GBP/USD
Ends the recovery attempt from 1.5705, 14 Sep low, after gains were capped at 1.5830, bear trendline from 1.6453, accelerating losses after lower opening and break below 1.5705 support. Fresh low was at 1.5683 overnight, with corrective attempt on oversold hourly RSI looking for test of initial barrier at 1.5750, day’s high / hourly 20 day MA. Near-term studies below their midlines suggest further weakness, with initial target at 1.5500 zone, ahead of possible attempt at1.5400/1.5343, Jan 2011/Dec 2010 lows.

Res: 1.5744, 1.5750, 1.5771, 1.5780
Sup: 1.5705, 1.5683, 1.5650, 1.5600

USD/JPY

Continues to move within narrow range after an upside failure to break above the range. The pair currently trades within 76.55/77.00 range, with 77.00 offering strong resistance for now. Near-term outlook is slightly turned higher, however, clear break above 77.00 is required to confirm and expose 77.27 next, above which 77.85 high comes next. Loss of 77.55 to weaken the tone and focus 77.40/30, possibly 75.93, record low, on a break.

Res: 76.97, 77.06, 77.27, 77.85
Sup: 76.55, 76.40, 76.30, 76.00

USD/CHF

Returns to strength after today’s higher opening accelerated gains to 0.8833 high seen so far. Break above Fib 61.8% of 0.8926/0.8646 downleg would signal an end of correction and confirm higher low. Initial supports lie at 0.8792, day’s low and 20 day MA at 0.8787, with 0.8770, Friday’s high / bull trendline, expected to contain dips, to maintain immediate bullish tone. Above 0.8833 to open 0.8852/77 next.

Res :0.8833, 0.8852, 0.8877, 0.8900
Sup: 0.8792, 0.8770, 0.8744, 0.8723

 

[WindsorBrokers]

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

EUR/USD

Maintains near-term negative tone after corrective attempt from this morning’s daily low at 1.3644 was capped under 1.3713, day’s high. Fresh weakness through 1.3644/35 lows is looking for test of 1.3590/55, 13/12 Sep lows, ahead of possible full retracement of 1.3500/1.3935 upleg. On the upside, 1.3700/50 zone offers strong resistance.

Res: 1.3673, 1.3705, 1.3713, 1.3752
Sup: 1.3600, 1.3590, 1.3557, 1.3500

GBP/USD

Continues to travel south after losses were interrupted by mild correction from 1.5683, overnight’s low. Gains were capped at 1.5750 zone, ahead of fresh leg lower. Loss of 1.5683 is now looking for test of 1.5650/00, as near-term studies point lower. Today’s high at 1.5755 is expected to cap.

Res: 1.5744, 1.5750, 1.5771, 1.5780
Sup: 1.5650, 1.5600, 1.5554, 1.5500

USD/JPY

Continues to move within narrow range after an upside failure to break above the range. The pair currently trades within 76.55/77.00 range, with 77.00 offering strong resistance for now. Near-term outlook is slightly turned higher, however, clear break above 77.00 is required to confirm and expose 77.27 next, above which 77.85 high comes next. Loss of 77.55 to weaken the tone and focus 77.40/30, possibly 75.93, record low, on a break.

Res: 76.97, 77.06, 77.27, 77.85
Sup: 76.55, 76.40, 76.30, 76.00

USD/CHF

Extends gains after overnight’s higher open, to break above 200 day MA and clear Fib 76.4% of 0.8926/0.8646 decline. This confirms positive near-term structure and opens way for test of the main bear-trendline at 0.8900 and previous high at 0.8926. Overbought hourly studies, however, warn of corrective pullback. Initial supports lie at 0.8830/00 zone.

Res :0.8877, 0.8900, 0.8926, 0.8950
Sup: 0.8792, 0.8770, 0.8744, 0.8723

 

[WindsorBrokers]

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

EUR/USD

Negative news from Italy and Greece continue to pressure the pair, as recovery attempt after yesterday’s brief break under 1.3600/1.3590 support zone was once more capped just above 1.3700. Fresh weakness brought the price back to 1.3600 area, with negative sentiment keeping focus at the downside. Loss of 1.3585, yesterday’s low, to open 1.3555, then key near-term level at 1.3500. On the upside, 1.3700 zone remains as key barrier and expected to cap for now.

Res: 1.3646, 1.3695, 1.3720, 1.3752
Sup: 1.3600, 1.3590, 1.3557, 1.3500

GBP/USD

Overall outlook remains firmly bearish, with yesterday’s sharp fall to a fresh 9-month low at 1.5632. Corrective action from here was initially capped at 1.5725, with subsequent reversal being contained at 1.5655. Near-term price action sees scope for renewed upside attempt but clearance of 1.5725 high and strong resistance at 1.5755, yesterday’s highs / 4-hour 20 day MA / trendline resistance, is required to signal further recovery, otherwise fresh extension of the broader bear-trend would be the likely scenario.

Res: 1.5725, 1.5755, 1.5771, 1.5780
Sup: 1.5655, 1.5632, 1.5600, 1.5554

USD/JPY

Turns the near-term negative after repeated failures to break above the one-month range and sustain gains above 77.00 barrier. As a result, fresh weakness tested range’s floor at 76.30, with potential for attempt at key supports at 76.00/75.93, record low zone seen in a near-term. Upside remains capped by 20 day MA, currently at 76.70 and 77.00 barrier.

Res: 76.59, 76.75, 76.97, 77.27
Sup: 76.44, 76.30, 76.00, 75.93

USD/CHF

Maintains short-term bullish tone after bounce from 0.8646, 15 Sep higher low, regained 200 day MA at 0.8820, but gains were limited at 0.8875, just ahead of main trendline resistance at 0.8892. Corrective pullback faces strong support at 0.8790 zone, with reversal here required to maintain immediate bulls, otherwise, loss of the latter would open way for stronger correction.

Res :0.8866, 0.8873, 0.8900, 0.8926
Sup: 0.8800, 0.8792, 0.8770, 0.8744

 

[WindsorBrokers]

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

EUR/USD
Renewed corrective attempt from 1.3591, today’s low, broke briefly above initial 1.3720 barrier but failed again to sustain gains. Subsequent pullback under 1.3700 mark brings near-term price action back to the 1.3585/1.3720 range. Near-term studies point lower, with 20 day MA capping the upside and bringing 1.3585 support in focus. Below here to open 1.3555 and key level at 1.3500, loss of which would signal an extension of broader downtrend.

Res: 1.3720, 1.3743, 1.3752, 1.3800
Sup: 1.3649, 1.3600, 1.3590, 1.3555

GBP/USD

Near-term corrective action from 1.5632, yesterday’s low, was so far capped by 20 day MA and just under initial trendline resistance at 1.5740 and key near-term barrier at 1.5755. While the latter stays intact, recovery from 1.5632 may be short-lived, with loss of 1.5632 to signal further weakness and open 1.5600/1.5550 next.

Res: 1.5734, 1.5755, 1.5771, 1.5780
Sup: 1.5655, 1.5632, 1.5600, 1.5554

USD/JPY

Turns the near-term negative after repeated failures to break above the one-month range and sustain gains above 77.00 barrier. As a result, fresh weakness tested range’s floor at 76.30, with potential for attempt at key supports at 76.00/75.93, record low zone seen in a near-term. Upside remains capped by 20 day MA, currently at 76.70 and 77.00 barrier.

Res: 76.59, 76.75, 76.97, 77.27
Sup: 76.44, 76.30, 76.00, 75.93

USD/CHF

Surged higher after reversal from 0.8866 found support at 0.8590 zone. Lift above 0.8866/73, previous highs, briefly broke above bear trendline off 1.0064 at 0.8900, to test levels just under 0.8926, 12 Sep 4-month high. This may signal fresh phase higher, with 0.9000 coming in focus on sustained break above 0.8900/26 barriers. Only loss of key near-term support at 0.8790 would delay immediate bulls.

Res: 0.8900, 0.8926, 0.8950, 0.9000
Sup: 0.8850, 0.8800, 0.8792, 0.8770

 

[WindsorBrokers]

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

EUR/USD

The near-term price action remains capped under 1.3750 barrier, as overnight’s attempt higher stayed below yesterday’s high at 1.3743. Hourly indicators are in sideways mode, with the latest attempt below 20 day MA weakening the tone. Immediate supports lie at 1.3760/50 zone, ahead of key near-term levels at 1.3585/00. Upside clearance of 1.3752 is required to fill Monday’s gap and signal further recovery, with 1.3800/44 seen next. Wider picture’s outlook remains bearish, while below 1.3935/1.4000 zone.

Res: 1.3721, 1.3743, 1.3752, 1.3800
Sup: 1.3669, 1.3649, 1.3600, 1.3590

GBP/USD

Extension of the recovery from 1.5632, 19 Sep low has seen a brief break above bear-trendline off 1.6453, but gains were short-lived, as main near-term resistance at 1.5755. Break under hourly 20 day MA and loss of 1.5700 handle would risk fresh weakness and possible retest of 1.5632, as near-term indicators point lower.

Res: 1.5741, 1.5755, 1.5771, 1.5780
Sup:1.5676, 1.5655, 1.5632, 1.5600

USD/JPY

Near-term negative tone continues to dominate after upside repeated failures to clear 77.00 barrier. Fresh extension lower reached levels just above record low at 75.93, with subsequent bounce returning to 76.30/40 zone. Near-term indicators keep focus at the downside, with potential loss of 75.93 to trigger fresh bear phase. On the upside, initial barriers lie at 76.65/75 zone, while only clear break above 77.00 would ease immediate bear pressure.

Res: 76.65, 76.75, 76.97, 77.27
Sup: 76.23, 76.10, 76.00, 75.93

USD/CHF

Continues to trend higher after support was found at 0.8646, with fresh surge through 0.8926, previous high, 200 day MA and main trendline resistance, opening way for further gains. Initial support lies at 0.8930/00 zone, while only below 0.8790 higher platform delays immediate bulls.

Res: 0.8984, 0.9000, 0.9060, 0.9100
Sup: 0.8926, 0.8900, 0.8850, 0.8790

 

[WindsorBrokers]

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

EUR/USD

The near-term price action remains capped under 1.3750 barrier, as upside attempt higher stalled below yesterday’s high at 1.3743. Fresh slide below 1.3650 support was held above trendline off 1.3500, maintaining near-term outlook rather directionless ahead of Fed’s announcement. However, wider picture maintains bearish tone, with retest of 1.3500 seen favored. Only break above 1.4000 zone, 200 day MA / Fib 50%, improves

Res: 1.3700, 1.3721, 1.3743, 1.3752
Sup: 1.3628, 1.3600, 1.3590, 1.3555

GBP/USD

Slips to a fresh 9-month low after recovery attempt from 1.5632, 19 Sep low, was capped under 1.5755, main near-term resistance and bear trendline drawn off 1.6453. Upside failure has accelerated losses through 1.5632, hitting new low at 1.5590 so far. Bearish short-term studies see scope for further weakness, with 1.5500 coming in focus. Oversold hourly studies warn of corrective bounce, with initial barriers at 1.5632/54, ahead of trendline resistance at 1.5700.

Res: 1.5632, 1.5654, 1.5676, 1.5700
Sup: 1.5590, 1.5550, 1.5500, 1.5474

USD/JPY

Near-term negative tone continues to dominate after upside repeated failures to clear 77.00 barrier. Fresh extension lower reached levels just above record low at 75.93, with subsequent bounce returning to 76.30/40 zone. Near-term indicators keep focus at the downside, with potential loss of 75.93 to trigger fresh bear phase. On the upside, initial barriers lie at 76.65/75 zone, while only clear break above 77.00 would ease immediate bear pressure.

Res: 76.65, 76.75, 76.97, 77.27
Sup: 76.23, 76.10, 76.00, 75.93

USD/CHF

Continues to trend higher after support was found at 0.8646, with fresh surge through 0.8926, previous high, 200 day MA and main trendline resistance, opening way for further gains. Initial support lies at 0.8930/00 zone, while only below 0.8790 higher platform delays immediate bulls.

Res: 0.8984, 0.9000, 0.9060, 0.9100
Sup: 0.8926, 0.8900, 0.8850, 0.8790

 

[WindsorBrokers]

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

EUR/USD

The pair tumbled towards key short-term support following strong gains through 1.3750 barrier, to hit levels close to 1.3800, where the rally stalled. Loss of initial support at 1.3585 and further extension below 1.3555, risks lower top at 1.3796 and possible attack at key 1.3500 level. With 20 day MA above the price and near-term studies in red territory, further downside extension would be the likely scenario. Below 1.3500 to confirm a continuation of the broader downtrend and expose 1.3427 next. Immediate barriers lie at 1.3585/1.3630 zone, while regain of 1.3700 handle is required to sideline immediate bears.

Res: 1.3585, 1.3600, 1.3630, 1.3650
Sup: 1.3526, 1.3500, 1.3450, 1.3427

GBP/USD

Yesterday’s renewed attempt higher was once more capped under bear-trendline from 1.6453, with subsequent steep fall through our initial target at 1.5500 zone, Fib 50% of 1.4230/1.6745 bull phase, extending losses to 1.5447. Near and short term studies remain firmly bearish, however, overextended conditions suggest corrective bounce preceding fresh fall. Initial resistance zone at 1.5580/1.5630 is expected to limit the upside. Only break above 1.5700 would delay bears in favor of stronger correction

Res: 1.5500, 1.5580, 1.5600, 1.5632
Sup: 1.5447, 1.5404, 1.5343, 1.5300

USD/JPY

Yesterday’s bounce from 76.10 low has regained traction to extend gains and test key short-term barrier at 77.00. Immediate pullback may signal repeated failure to clear this level, however, holding above 20 day MA, currently at 76.55, would keep hopes of renewed attempt higher alive. Otherwise, trading within one month range and possible attack at the lower boundaries remains in play.

Res: 76.96, 77.27, 77.68, 77.85
Sup: 76.50, 76.39, 76.23, 76.10

USD/CHF

Maintains gains from 0.8646, 15 Sep low, as fresh bulls cleared 200 day MA, main trendline resistance and previous high at 0.8926, to extend gains above 0.9000 mark. This would signal fresh bull phase and expose levels at 0.9200/0.9300 in a short-term. Previous barriers are now reverted to supports.

Res: 0.9036, 0.9060, 0.9100, 0.9200
Sup: 0.9000, 0.8984, 0.8926, 0.8900

 

[WindsorBrokers]

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

EUR/USD

Maintains strong short-term bear tone from yesterday’s 1.3796 lower top. Break below 1.3585 and key support at 1.3500, accelerated losses through 1.3423/00, 14 Feb low / Fib 50% retracement of longer-term rally from 1.1875, 2010 low to 1.4938, 2011 high, to post fresh nine-month low below 1.3400 handle. Short-term studies continue to point lower, with scope for further extension lower and 1.3245, 16 Jan low, seen as near-term target. Oversold conditions in both 1 and 4-hour charts, warn of corrective bounce, with initial resistance zone standing at 1.3540/85 zone, Fib 38.2% of 1.3796/1.3384 fall / 19 Sep low.

Res: 1.3476, 1.3486, 1.3540, 1.3585
Sup: 1.3420, 1.3400, 1.3384, 1.3350

GBP/USD

Accelerates losses after recovery attempt from 1.5632, 19 Sep low, was capped by bear trendline from 1.6453, with fresh weakness through 1.5500 support, Fib 50% of 1.4230/1.6745 ascend and 1.5474/04 supports, to eventually break under key med-term support at 1.5343, 26 Dec 2010 low. Fresh one year low has been posted at 1.5326, with 1.5295, 5 Sep 2010 low and 1.5195, Fib 61.8% in sight. Short-term studies maintain bearish tone, with corrective bounce on oversold hourly / 4-hour charts under way. On the upside, 1.5547/1.5500 zone offers initial resistance.

Res: 1.5400, 1.5424, 1.5500, 1.5447
Sup: 1.5326, 1.5300, 1.5250, 1.5195

USD/JPY

Yesterday’s bounce from 76.10 low has regained traction to extend gains and test key short-term barrier at 77.00. Failure to break higher has resulted in fresh weakness, with the latest attempt below 76.30, weakening near-term tone for fresh attack at 76.10/75.93 low, below which would turn tone bearish. On the upside, 77.00 offers strong resistance and caps for now.

Res: 76.32, 76.41, 76.55, 76.96
Sup: 76.10, 76.00, 75.93, 75.50

USD/CHF

Maintains strong bull tone from 0.8646, 15 Sep low, with clearance of strong resistance zone at 0.8850/0.8950, 200 day MA / main trendline resistance and previous high, to extend gains close to 0.9200, our initial target. Pullback on overbought near-term studies faces initial supports at 0.9000/0.8926, where 20 day MA currently stands, with reversal above the latter to maintain immediate bulls.

Res: 0.9180, 0.9200, 0.9250, 0.9300
Sup: 0.9050, 0.9000, 0.8984, 0.8926

 

[WindsorBrokers]

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

EUR/USD

Trades in a near-term corrective mode after suffering heavy losses yesterday’s. The bear-leg 1.3796, 21 Sep lower high, broke below key short-term support at 1.3500, extending losses through 1.3427/00 supports, 13 Feb low / Fib 50% of 1.1875/1.4938 longer-term rally, to hit fresh 8-month low at 1.3384 yesterday. Corrective bounce has so far cleared our initial barrier at 1.3440, ahead of strong resistance at 1.3585, previous low, now reverted to resistance and 20 day MA, currently at 1.3600. The near-term studies show that the pair is regaining momentum, with clearance of 1.3600 barrier required to open way for stronger correction. However, wider picture outlook remains bearish while below 1.3796.

Res: 1.3544, 1.3565, 1.3585, 1.3600
Sup: 1.3471, 1.3428, 1.3400, 1.3384

GBP/USD

Consolidates the recent losses that broke below key supports at 1.5490/43, Fib 50% of 1.4230/1.6745, 2010/2011 ascend / 26 Dec 2010 low and hit fresh one-year low at 1.5326. Bounce on oversold near-term conditions has so far regained 1.5400 handle, however, clearance of 1.5500 is to trigger stronger correction. On the downside, break below 1.5326 to open 1.5295, 05 Sep 2010 low, ahead of Fib 61.8% at 1.5195.

Res: 1.5435, 1.5450, 1.5500, 1.5585
Sup: 1.5373, 1.5326, 1.5295, 1.5250

USD/JPY

Keeps the focus at the downside after upside attempts to regain 77.00 barrier failed. Dips were so far contained at 76.10, previous low, with risk of break below key support zone at 76.00/75.93 and spark fresh bear phase. Near-term indicators hold below their midlines, with 20 day MA at 76.40 maintaining bearish near-term tone.

Res: 76.35, 76.55, 76.96, 77.27
Sup: 76.10, 76.00, 75.93, 75.50

USD/CHF

Corrects the latest strong gains through key barrier zone at 0.8800/0.8900, 200 day MA / main bear trendline, that resulted in fresh rally through 0.9000/0.9100 resistance, to hit 0.9180, fresh 5-month high and just under our initial target at 0.9200. Holding above psychological level at 0.9000 and 20 day MA at 0.8965, keeps the immediate bulls in play for fresh attempt at 0.9180/0.9200, above which to focus 0.9338, 04 Jan yearly high and 0.9394, fib 50% of 1.1730/0.7067, 2010/2011 decline.

Res: 0.9091, 0.9110, 0.9180, 0.9200
Sup: 0.9024, 0.9000, 0.8965, 0.8926

 

[WindsorBrokers]

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

EUR/USD

The pair comes under pressure again after short recovery from 1.3384 was capped at 1.3550/65 zone. Fresh weakness broke below previous 8-month low at 1.3384, bringing in focus 1.3243, 17 Jan low, ahead of Fib 61.8% of 1.1875/1.4935 ascend at 1.3044. Near-term studies continue to point lower, with 4-hour chart 20 day MA, maintaining bears. Immediate resistance lies at 1.3500, with last week / overnight highs at 1.3550/65 zone expected to cap.

Res: 1.3500, 1.3550, 1.3565, 1.3585
Sup: 1.3361, 1.3300, 1.3243, 1.3200

GBP/USD

Trades in a corrective mode off 1.5326, 22 Sep low, with nearly 50% of 1.5689/1.5326 downleg being retraced so far at 1.5500 zone. This keeps gains limited for now, with overnight dip finding support at 1.5430 area. Immediate barrier comes at 1.5480, 20 day MA, clearance of which to open 1.5490/1.5507, ahead of Fib 61.8% at 1.5550. Near-term studies remain supportive, along with daily RSI emerging from oversold zone, to set scope for further recovery.

Res: 1.5492, 1.5507, 1.5550, 1.5585
Sup: 1.5422, 1.5400, 1.5384, 1.5326

USD/JPY

Maintains near-term negative tone, as repeated attempt at key 77.00 barrier failed again and subsequent reversal returned to 76.30 zone. On the downside, 76.10, previous low, continue to limit losses, however, risk of break below key support zone at 76.00/75.93 for fresh bear phase persists. Near-term indicators hold below their midlines, with break below 20 day MA at 76.40 confirming bearish near-term tone.

Res: 76.75, 76.96, 77.27, 77.68
Sup: 76.10, 76.00, 75.93, 75.50

USD/CHF

Corrects the latest strong gains through key barrier zone at 0.8800/0.8900, 200 day MA / main bear trendline, that resulted in fresh rally through 0.9000/0.9100 resistance, to hit 0.9180, fresh 5-month high and just under 0.9200 near-term target. Correction was contained above psychological level at 0.9000 and 20 day MA, keeps the immediate bulls in play for fresh attempt at 0.9180/0.9200, above which to focus 0.9338, 04 Jan yearly high and 0.9394, fib 50% of 1.1730/0.7067, 2010/2011 decline.

Res: 0.9100, 0.9141, 0.9180, 0.9200
Sup: 0.9021, 0.9000, 0.8965, 0.8926

 

[WindsorBrokers]

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

EUR/USD

Near-term recovery off today’s fresh 8-month low at 1.3361 regained initial 1.3500 barrier, but gains stalled on approach to strong resistance zone at 1.3550/65. Four-hour 20 day MA maintains negative tone, with break below 1.3400 required to confirm and open 1.3361 initially. Below here to focus 1.3243, 17 Jan low, ahead of Fib 61.8% of 1.1875/1.4935 ascend at 1.3044. Only clear break above 1.3565 would signal near-term basing attempt and allow for stronger correction.

Res: 1.3500, 1.3541, 1.3550, 1.3565
Sup: 1.3441, 1.3400, 1.3361, 1.3300

GBP/USD

Trades in a corrective mode off 1.5326, 22 Sep low, with the latest push from today’s low at 1.5430, exceeding the initial 1.5500 barrier and extending gains to 1.5550, Fib 61.8% of 1.5689/1.5326 decline. Near-term studies are supportive, however, overbought hourly conditions may trigger correction before fresh rally. On the upside, 1.5575/1.5600 comes next, ahead of strong barrier at 1.5630.

Res: 1.5553, 1.5575, 1.5590, 1.5600
Sup: 1.5500, 1.5431, 1.5422, 1.5400

USD/JPY

Maintains near-term negative tone, as repeated attempt at key 77.00 barrier failed again and subsequent reversal returned to 76.30 zone. On the downside, 76.10, previous low, continue to limit losses, however, risk of break below key support zone at 76.00/75.93 for fresh bear phase persists, with hourly 20 day MA at 76.45, maintaining near-term bears.

Res: 76.51, 76.75, 76.96, 77.27
Sup: 76.21, 76.10, 76.00, 75.93

USD/CHF

Remains in a corrective/consolidative mode after hitting fresh high at 0.9180. After an upside attempt failed at 0.9141, en-route to 0.9180, immediate dip retested an initial support at 0.9000. While holding above here, short-term bulls remain intact for fresh attack at 0.9180, above which opens 0.9200 and turns focus at 0.9338. Only loss of 0.9000 handle would delay in favor of stronger correction, with 0.8926 seen on a break.

Res: 0.9092, 0.9141, 0.9180, 0.9200
Sup: 0.9004, 0.8994, 0.8965, 0.8926

 

[WindsorBrokers]

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

EUR/USD

Keeps near-term positive tone off1.3361, fresh 8-month low, posted yesterday. Fresh gains from 1.3478, overnight’s higher low, are currently testing 1.3565, main near-term barrier, above which opens 1.3579/85, Fib 50% of 1.3796/1.3361 downleg / 19 Sep low and psychological 1.3600. Near-term studies above their midlines remain supportive. On the downside, 20 day MA at 1.3500 underpins, while initial support lies at 1.3478.

Res: 1.3568, 1.3579, 1.3585, 1.3600
Sup: 1.3512, 1.3478, 1.3425, 1.3414

GBP/USD

Extends recovery from 1.5326, 22 Sep low, breaking through 1.5585, Fib 61.8% of 1.5746/1.5326 descend, to test levels just under key barrier at 1.5600. Sustained break here is required to spark stronger recovery, with immediate targets at 1.5630/90 coming in sight. Initial support lies at 1.5530, ahead of key 1.5500 support zone, that is expected to contain dips and keep near-term bulls intact.

Res: 1.5600, 1.5630, 1.5655, 1.5690
Sup: 1.5530, 1.5500, 1.5431, 1.5422

USD/JPY

The pair continues to trade in a narrow range directionless mode, however the downside pressure exists as key 77.00 barrier remains intact. On the downside, 76.10, previous low, offers initial support, ahead key levels at 76.00/75.93, below which would be very bearish. Hourly studies are flat, hovering near their midlines.

Res: 76.54, 76.75, 76.96, 77.27
Sup: 76.25, 76.10, 76.00, 75.93

USD/CHF

Remains in a corrective/consolidative mode after hitting fresh high at 0.9180. After a fresh upside attempt failed at 0.9141 yesterday, immediate tone weakens, with key 0.9000 support coming under pressure. Break here would signal a near-term top, ahead of stronger correction, with 0.8926/00 coming next. Holding above 0.9000, however, keeps positive outlook for fresh attack at 0.9141/80 barriers.

Res: 0.9082, 0.9100, 0.9141, 0.9180
Sup: 0.9004, 0.8994, 0.8965, 0.8926

 

[WindsorBrokers]

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

EUR/USD

Resumes near-term recovery off 1.3361, yesterday’s low, after gains were capped at initial resistance at 1.3565. Ground was found at 1.3480, today’s low, posted overnight, with fresh strength clearing 1.3565 and 1.3578, Fibonacci 50% of 1.3796/1.3361 descend, to briefly test 1.3600 barrier. Brief break above upper Bollinger band boosts the pair to resume correction and expose 1.3630, Fib 61.8% next. Near-term studies above their midline, support the advance, with initial support at 1.3565 and key level at 1.3480.

Res: 1.3630, 1.3700, 1.3720, 1.3796
Sup: 1.3565, 1.3500, 1.3478, 1.3425

GBP/USD

Sharp rally followed today’s upside rejection just under key near-term barrier at 1.5600, where subsequent dip was contained at 1.5525, our initial support and previous low. Rally through 1.5600 surged through Fib 76.4% at 1.5644, en-route to 1.5689, 21 Sep high. Near-term indicators support, however, overbought hourly conditions may interrupt gains by corrective pullback. On the downside, 1.5600, previous resistance, now offers initial support, ahead of key near-term support at 1.5525.

Res: 1.5689, 1.5700, 1.5750, 1.5780
Sup: 1.5600, 1.5569, 1.5525, 1.5500

USD/JPY

The pair continues to trade in a narrow range directionless mode, however the downside pressure exists while key 77.00 barrier remains intact. On the downside, 76.10, previous low, offers initial support, ahead key levels at 76.00/75.93, below which would be very bearish. Hourly studies are flat, hovering near their midlines.

Res: 76.57, 76.75, 76.96, 77.27
Sup: 76.37, 76.25, 76.10, 76.00

USD/CHF

Loss of key near-term support at 0.9000 that was containing reversals from 0.9180 and 0.9141 is now weakening the near-term tone and opens way for stronger correction. Initial target at 0.8926 comes under pressure, with broken bear-trendline, currently at 0.8880 and 200 day MA at 0.8804, seen on a break. Key short-term level lies at 0.8646, 15 Sep higher low.

Res: 0.9000, 0.9056, 0.9082, 0.9100
Sup: 0.8926, 0.8900, 0.8880, 0.8880

 

[WindsorBrokers]

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

EUR/USD

Yesterday’s rally through strong resistance zone at 1.3565/1.3600 extended to 1.3667, where gains were capped by bear-trendline drawn off 1.3935, 15 Sep high. Temporary support was found at 1.3540, after losing initial support at 1.3565, previous resistance, ahead of 20 day MA at 1.3510 and key near-term support at 1.3480, above which keeps near-term bulls in play for fresh attempt at 1.3640/67 barriers. However, wider picture sees the latest bounce from 1.3361 corrective, with lower top under 1.3796 required to maintain broader bearish tone.

Res: 1.3600, 1.3640, 13667, 1.3700
Sup: 1.3540, 1.3500, 1.3478, 1.3425

GBP/USD

Yesterday’s strong rally from 1.5525 higher low has regained initial barrier at 1.5689 to mark full retracement of 1.5689/1.5326 downleg, with brief break above important 1.5700 handle to signal further recovery. Corrective pullback has so far been contained above initial support at 1.5600 and bull trendline at 1.5585 and while the latter remains intact immediate scope is seen for fresh attempt higher. Clearance of 1.5700 to focus 1.5746, 20 Sep high, ahead of 1.5800 zone, which also marks Fib 38.2% of the broader 1.6617/1.5326 descend.

Res: 1.5684, 1.5704, 1.5746, 1.5780
Sup: 1.5614, 1.5600, 1.5525, 1.5500

USD/JPY

The pair returns to its directionless range trade, after yesterday’s another unsuccessful attempt at key barrier at 77.00 stalled at 76.94. Subsequent pullback into 76.50 zone confirms the downside pressure.. On the downside, initial support lies at 76.10, ahead of key supports at 76.00/75.93, below which would be very bearish.

Res: 76.61, 76.92, 77.00, 77.27
Sup: 76.25, 76.10, 76.00, 75.93

USD/CHF

Remains in a near-term downtrend after pullback from 0.9180 high lost initial strong support at 0.9000, with fresh extension lower ended testing the next level at 0.8926, previous high, posted on 12 Sep. Overextended daily studies keep pressure at the pair, with retest of 200 day MA, currently at 0.8800, before fresh push higher, as broader picture’s uptrend remains intact while above 0.8800.

Res: 0.9000, 0.9056, 0.9082, 0.9100
Sup: 0.8923, 0.8900, 0.8884, 0.8800

 

[WindsorBrokers]

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

EUR/USD

Continues to trend higher as bounce from 1.3540 higher low exceeded today’s previous high and hit fresh one at 1.3689. The pair maintains near-term bull tone with immediate support at 1.3540 and key 1.3480 double bottom, with scope for possible attempt through 1.3700 level towards key 1.3800 barrier.

Res: 1.3667, 1.3689, 1.3700, 1.3750
Sup: 1.3540, 1.3500, 1.3478, 1.3425

GBP/USD

Yesterday’s strong rally from 1.5525 higher low has regained initial barrier at 1.5689 to mark full retracement of 1.5689/1.5326 downleg, with brief break above important 1.5700 handle to signal further recovery. Corrective pullback has so far been contained above initial support at 1.5600 and bull trendline at 1.5585 and while the latter remains intact immediate scope is seen for fresh attempt higher. Clearance of 1.5700 to focus 1.5746, 20 Sep high, ahead of 1.5800 zone, which also marks Fib 38.2% of the broader 1.6617/1.5326 descend.

Res: 1.5676, 1.5704, 1.5746, 1.5780
Sup: 1.5606, 1.5600, 1.5525, 1.5500

USD/JPY

The pair returns to its directionless range trade, after another attempt at key barrier at 77.00 stalled at 76.94. Subsequent pullback into 76.50 zone confirms the downside pressure.. On the downside, initial support lies at 76.10, ahead of key supports at 76.00/75.93, below which would be very bearish.

Res: 76.53, 76.61, 76.92, 77.00
Sup: 76.32, 76.25, 76.10, 76.00

USD/CHF

Remains in a near-term downtrend after pullback from 0.9180 high lost initial strong support at 0.9000, with fresh extension lower ended testing the next level at 0.8926, previous high, posted on 12 Sep. Overextended daily studies keep pressure at the pair, with retest of 200 day MA, currently at 0.8800, before fresh push higher, as broader picture’s uptrend remains intact while above 0.8800.

Res: 0.9000, 0.9056, 0.9082, 0.9100
Sup: 0.8923, 0.8900, 0.8884, 0.8800

 

[WindsorBrokers]

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

EUR/USD

Recovery from 1.3361 low cleared bear trendline at 1.3640 and previous high at 1.3667, to reach fresh high at 1.3689, where gains stalled. Reversal from here lost initial support at 1.3540 to find ground at 1.3520, 20 day MA on 4-hour chart, before fresh push higher. Regain of 1.3600 handle improves the outlook for break through the upper boundary of triangle and fresh attempt at 1.3689/1.3700, to possibly open way for test of key short-term barrier at 1.3800. Near-term studies, holding above midlines, support the advance, with 20 day MA at 1.3545, underpinning. Bull trendline at 1.3540 and day’s low at 1.3520 offer initial support.

Res: 1.3637, 1.3689, 1.3700, 1.3750
Sup: 1.3540, 1.3520, 1.3500, 1.3478

GBP/USD

Weakens the near-term structure after failure to clear key 1.5700 barrier, with subsequent easing below strong support at 1.5600 zone, yesterday’s low / bull trendline off 1.5326 low. Dips found temporary support at 1.5542, just ahead of our next downside target at 1.5525, but recovery remains under broken bull trendline at 1.5650 for now. Break here and regain of 1.5676 is required to attract 1.5700/55, key resistance zone. On the downside, loss of 1.5642 support to allow for stronger pullback and expose 1.5616, Fib 50% of 1.5326/1.5704 ascend.

Res: 1.5648, 1.5676, 1.5704, 1.5755
Sup: 1.5616, 1.5600, 1.5542, 1.5525

USD/JPY

Narrows the near-term range further after upside remains capped under 77.00 and support was found at 76.30 zone. Flat near-term studies suggest further directionless trade, with 76.00/77.00 limiting the movements. Break of either side to define pair’s direction.

Res: 76.62, 76.92, 77.00, 77.27
Sup: 76.32, 76.25, 76.10, 76.00

USD/CHF

Enters the near-term 0.8926/0.9000 range trading after pullback from 0.9180 high lost initial strong support at 0.9000, with fresh extension lower ended testing the next level at 0.8926, previous high, posted on 12 Sep. Overextended daily studies keep pressure at the pair, with retest of 200 day MA, currently at 0.8800, before fresh push higher, as broader picture’s uptrend remains intact while above 0.8800.

Res: 0.9000, 0.9020, 0.9056, 0.9082
Sup: 0.8944, 0.8923, 0.8900, 0.8884

 

[WindsorBrokers]

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

EUR/USD

Today’s rally from 1.3520 higher low was capped just under 1.3689, yesterday’s one week high, ahead of pullback to 1.3600 zone, also broken bear trendline off 1.3935, to maintain near-term positive structure. Fresh strength is heading towards 1.3700 resistance zone, break of which to resume correction from 1.3361 and expose 1.3800 barrier for test. Near-term studies remain supportive. Initial supports lie at 1.3600, today’s intraday low and 1.3580, 20 day MA, with key levels at 1.3555, bull trendline and 1.3520, today’s low.

Res: 1.3650, 1.3677, 1.3689, 1.3700
Sup: 1.3600, 1.3540, 1.3520, 1.3500

GBP/USD

Upside remains capped at 1.5700 resistance, as today’s renewed attempt higher failed to sustain gains above the latter. Subsequent pullback is now testing initial support at 1.5620, with break here to risk further easing towards key near-term support at 1.5542, below Fib 38.2% of 1.5326/1.5705 upleg, below which would confirm double top and open way for deeper reversal. On the upside, clearance of 1.5700 opens 1.5720, ahead of potential test of key short-term barrier at 1.5800.

Res: 1.5704, 1.5755, 1.5780, 1.5800
Sup: 1.5616, 1.5600, 1.5542, 1.5525

USD/JPY

Fresh strength emerged from today’s narrow 76.30/60 range, to dent our initial one-week resistance at 77.00. Firm break here is required to signal break above the near-term range, however, extension above 78.00 mark to confirm fresh trend of the pair after a month-and a half directionless trading. Repeated failure to clear 77.00 barrier brings the recent range back in play, with initial support at 77.62, ahead of 77.41/32.

Res: 77.27, 77.68, 77.85, 78.00
Sup: 76.62, 76.41, 76.32, 76.25

USD/CHF

The near-term price action turns focus lower after reversal from 0.9180, through 0.9000 levels, was initially contained at previous low at 0.8926. Brief break above 0.9000 was short-lived, with return to 0.8920 zone increasing risk of further reversal and possible test of 200 day MA, currently at 0.8800, before bulls re-assert, as wider picture’s outlook remains firmly bullish. Initial barriers lie at 0.9000/20.

Res: 0.8976, 0.9000, 0.9020, 0.9056
Sup: 0.8937, 0.8916, 0.8900, 0.8884

 

[WindsorBrokers]

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

EUR/USD

The pair has lost the traction after 1.3700 zone capped the four-day recovery from 1.3361, fresh eight-month low. Break below trendline support at 1.3560 and probe under 1.3520, yesterday’s low, marks over Fib 50% retracement of 1.3361/1.3689 upleg, now risks double top and further reversal. Next level stands at 1.3480, 27 Sep low, near Fib 61.8% retracement, below which to possibly confirm an end of near-term corrective action and re-focus 1.3361. Immediate resistance lies at 1.3550, while only above 1.3600 handle would improve near-term outlook.

Res: 1.3560, 1.3600, 1.3660, 1.3677
Sup: 1.3500, 1.3480, 1.3420, 1.3400

GBP/USD

Weakens the near-term outlook after the week-long recovery from 1.5326, 23 Sep low, remains limited at 1.5700 zone. Break below main bull trendline at 1.5600, currently tests strong support at 1.5542, yesterday’s low, below which would risk a double top and further retracement, with 1.5525, 27 Sep low / Fib 50% to come in focus, ahead of 1.5500, 26 sep intraday high/low. On the upside, 20 day MA at 1.5615 and 1.5625 are expected to cap for now.

Res: 1.5580, 1.5608, 1.5625, 1.5675
Sup: 1.5525, 1.5516, 1.5500, 1.5470

USD/JPY

Yesterday’s fresh attempt higher that emerged from 76.60/30 range, stalled again at key 77.00 barrier, with subsequent reversal into 76.50/40 zone, bringing the pair back to longer range trading mode. The known barriers at 76.00 and 77.00 remain pivots, with break of either to signal fresh direction.

Res: 76.85, 77.01, 77.27, 77.68
Sup: 76.49, 76.41, 76.32, 76.25

USD/CHF

Reversal from 0.9180, 22 Sep high, has so far found support at 0.8920 zone. The price action was trapped within 0.8920/0.9020 range, with the latest strength attempting to clear 0.9020, previous support zone, now reverted to resistance. Break here is required to signal basing and open way for fresh leg higher, with immediate barrier at 0.9055, 27 sep high / bear trendline off 0.9180, above which to open 0.9100/41 next. Failure to clear 0.9020, however, would return the prices back to range. Key near-term support lies at 0.8920.

Res: 0.9055, 0.9100, 0.9141, 0.9180
Sup: 0.8983, 0.8963, 0.8916, 0.8900

 

[WindsorBrokers]

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

EUR/USD

Today’s slide through initial supports at 1.3520, yesterday’s low and Fib 61.8% of 1.3361/1.3689 ascend at 1.3480, brings near-term bears back in play and completes an hourly Head and Shoulders formation. As upside remains capped at 1.3700 zone, focus now turns towards 1.3400 and key support at 1.3361, also to complete the fifth leg from 1.4548 high, with over Fib 76.4% retraced so far. Break below 1.3361 to signal resumption of the broader downtrend. Extended hourly studies, and RSI in oversold zone, however, suggest possible corrective bounce ahead of fresh bear leg.

Res: 1.3480, 1.3500, 1.3520, 1.3560
Sup: 1.3414, 1.3400, 1.3361, 1.3300

GBP/USD

Dips below today’s low at 1.5540 after reversal from 1.5700 resistance zone found temporary support here, but recovery attempt was short lived. This would signal further weakness and extend near-term bears towards 1.5525/20, 27 Sep low / Fib 50% retracement of 1.5326/1.5705 ascend, below which would risk confirmation of double top at 1.5700 zone and turn focus towards 1.5500, strong support, also near Fib 61.8%. On the upside, 1.5600/25, strong resistance zone, caps for now.

Res: 1.5600, 1.5625, 1.5675, 1.5705
Sup: 1.5525, 1.5516, 1.5500, 1.5470

USD/JPY

Remains within the recent range following repeated failure to clear key barrier at 77.00 yesterday. Support was found at 76.50, with renewed attempt higher under way. Break above 77.00 is required to signal fresh action higher and expose previous highs at 77.27/85, with break above 78.00 handle needed to confirm break out of the range. On the downside, 76.50 offers initial support, while loss of range floor at 76.00/75.93 would be very bearish.

Res: 76.95, 77.01, 77.27, 77.68
Sup: 76.69, 76.49, 76.41, 76.32

USD/CHF

Attempts to break above two-day 0.8920/0.9020 consolidative range, as reversal from 0.9180 found temporary ground at 0.8920, previous high of 12 Sep support. Initial barriers at 0.9000/20 have been cleared, with 0.9045/55, main bear trendline off 0.9180 / 27 Sep high, coming under pressure. Lift above the latter would confirm near-term basing and open way for fresh recovery towards 0.9100/41 resistance zone. Upside rejection under trendline resistance risks return to range, with lower boundary and key near-term support at 0.8920.

Res: 0.9055, 0.9100, 0.9141, 0.9180
Sup: 0.8983, 0.8963, 0.8916, 0.8900