Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

Comes under pressure after failure to sustain gains above 1.3900, with pullback off today’s fresh one month high at 1.3913, seen corrective, while key near-term support and breakpoint at 1.3685 stays intact. Resumption of the uptrend from 1.3145 is seen on a break above 1.3900/13, with key short-term barrier at 1.3935 to come in focus. Loss of 1.3685, however, would delay for stronger correction towards 1.3620, Fib 38.2%, while break below 1.3565/20 to sideline short-term bears.

Res: 1.3800, 1.3832, 1.3900, 1.3913
Sup: 1.3764, 1.3722, 1.3700, 1.3685

GBP/USD

Corrects the recent gains through 1.5800 barrier that peaked at 1.5850. Break below initial support at 1.5800, extended pullback to 1.5830, just ahead of next support zone at 1.5720/00, where temporary footstep was found. Bounce higher needs to regain 1.5800 to revive near-term bulls, however, hourly studies are entering negative zone and keeping the downside risk in play. Loss of 1.5730/20 levels would risk deeper reversal and expose breakpoint at 1.5665.

Res: 1.5783, 1.5800, 1.5851, 1.5865
Sup: 1.5730, 1.5720, 1.5700, 1.5685

USD/JPY

Loses the traction again after repeated attempt to hold gains above 77.00, now acting as initial support, was capped by bear-trendline off 85.51, 07 Apr high. 77.00 support comes under pressure, with break lower to signal a return to the broader range trade. Break above the trendline resistance is required to confirm near-term positive stance and expose key short-term barriers at 77.85/78.00. On the downside, 76.67/50 band supports for now, while break below 76.30 to weaken the structure and open 76.10/75.93 for test.

Res: 77.29, 77.44, 77.48, 77.85
Sup: 77.00, 76.90, 76.80, 76.67

USD/CHF

Corrective attempt from today’s fresh month low at 0.8880 has so far been capped under initial barrier at 0.9000, maintaining the negative short-term structure, that was further weakened after losing the key support at 0.8920. While 0.9000/30 zone stays intact, potential is seen for fresh weakness under, 0.8900/0.8880, to focus 0.8815, trendline support, possibly 200 day MA, currently at 0.8770, on a break.

Res: 0.8981, 0.9000, 0.9038, 0.9051
Sup: 0.8953, 0.8900, 0.8850, 0.8815

 

[WindsorBrokers]

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

EUR/USD

The pair remains under pressure following yesterday’s upside rejection at 1.3913 and slide through initial support at 1.3830 zone. Temporary ground was found just above 1.3720/00 support, also near Fib 23.6%, but recovery attempt is for now capped by 1.3790/1.3800, yesterday’s intraday high / 20 day MA on 4-hour chart. Holding below these levels keeps the downside favored, with break below 1.3720/00 to focus key near-term support at 1.3685, below which would sideline short-term bulls in favor of stronger reversal into 1.3600 zone. On the upside, clearance of initial barrier at 1.3800 improves the near-term tone for test of 1.3830/50, next resistances.

Res: 1.3790, 1.3800, 1.3832, 1.3850
Sup: 1.3747, 1.3722, 1.3700, 1.3685

GBP/USD

Near-term outlook maintains positive tone after pullback from fresh high at 1.5851, posted yesterday, was contained at 1.5730, keeping the key support zone at 1.5700/1.5665 intact for now. Regain of 1.5800 handle would signal fresh attack at 1.5851, above which to focus 1.5900/40, figure resistance / Fib 50% of 1.6617/1.5271 descend. Hourly studies are entering positive territory, with 20 day MA at 1.5770, underpinning the advance. Only loss of 1.5730 would weaken the near-term structure, while below 1.5700/1.5665 to put short-term bulls off 1.5271 on hold.

Res: 1.5821, 1.5851, 1.5865, 1.5900
Sup: 1.5770, 1.5730, 1.5720, 1.5700

USD/JPY

Weakens the near-term structure, as repeated attempt through main bear trendline off 85.51 failed. Loss of initial support at 77.00 and break below the next significant level at 76.67, brings the pair back to the previous range levels, with hourly studies pointing lower and 20 day MA at 77.00, expected to cap. This would increase risk of retest of 76.30, 12 Oct low, below which to open key support zone at 76.10/75.93. Only break above 77.00 barrier would improve the immediate tone, but clearance of trendline resistance, currently at 77.36, is required to confirm. Daily studies, however, remain flat, but below their midlines.

Res: 76.87, 77.00, 77.36, 77.50
Sup: 76.75, 76.59, 76.30, 76.10

USD/CHF

Trades in near-term recovery mode after loss of key short-term support at 0.8920, extended reversal from 0.9313 high, to post fresh one month low at 0.8880 yesterday. Near-term tone remains negative while initial barriers at 0.9000/38 stay intact, with downside test of 0.8920/0.8880 supports seen favored. Below 0.8880 to expose 0.8800 and 0.8770, 200 day MA. Only break above 0.9038 would improve the structure and expose key barriers at 0.9120/40.

Res: 0.8995, 0.9000, 0.9038, 0.9051
Sup: 0.8944, 0.8900, 0.8880, 0.8850

 

[WindsorBrokers]

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

EUR/USD

Reversal from 1.3913, yesterday’s fresh one-month high, broke through initial support at 1.3730/00, to dent breakpoint at 1.3685. Losses extended to 1.3656, where a temporary support was found, with subsequent bounce above 1.3700 barrier, attempting to base at 1.3656. Initial barrier at 1.3700/20, previous support, has so far been regained, with dynamic resistance of 20 day MA, currently at 1.3740, coming next. Break here would signal stronger recovery towards key near-term resistance at 1.3800, however, weakening 4-hour studies and hourlies already in negative zone, suggest that lower top under 1.3800 would be the likely scenario, ahead of wave 5, that would target 1.3620/00. Only lift above 1.3800 would provide near-term relief.

Res: 1.3745, 1.3790, 1.3800, 1.3832
Sup: 1.3700, 1.3685, 1.3656, 1.3620

GBP/USD

Extends reversal after today’s failure to sustain gains above 1.5800, when rally stalled at 1.5821. Slide through initial supports at 1.5730/20, dipped briefly below the next level at 1.5700, increasing risk of attack at key near-term support and breakpoint at 1.5665, below which would further weaken the tone and open 1.5630, Fibonacci level and 1.5600, round figure support, next. Holding above 1.5665, however, keeps short-term bulls in play for possible fresh attempt towards 1.5850/1.5900 barriers.

Res: 1.5750, 1.5800, 1.5821, 1.5851
Sup: 1.5694, 1.5665, 1.5630, 1.5600

USD/JPY

Trades in a narrow range, with upside capped by hourly 20 day MA, currently at 76.80 and initial support at 76.60 holding the downside. This brings the pair back to longer-term narrow range directionless trading, with near-term bearish sentiment dominating, as hourly and 4-hour studies are in the negative territory. Immediate risk is seen on break below 76.60, to open 76.30, while upside clearance of 76.80 and 77.00, initial barriers, would bring retest of trendline resistance at 77.30 in focus.

Res: 76.87, 77.00, 77.36, 77.50
Sup: 76.60, 76.50, 76.30, 76.10

USD/CHF

Recovery attempt from today’s higher low at 0.8944 shows signs of exhaustion, as near-term price action stays capped under initial barrier at 0.9038. Hourly studies, however, maintain near-term positive structure, but overbought conditions suggest corrective pullback before fresh strength emerges. 20 day MA, currently at 0.8988, underpins, with clearance of 0.9038 required to ease short-term bear-pressure and open fresh leg higher, towards key barriers at 0.9120/40. Only loss of 0.8944 support would weaken near-term structure and possibly signal double top.

Res: 0.9038, 0.9051, 0.9100, 0.9120
Sup: 0.9000, 0.8944, 0.8920, 0.8900

 

[WindsorBrokers]

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

EUR/USD

The pair regains momentum after yesterday’s brief dip under 1.3685 breakpoint found support at 1.3650 zone, just ahead of Fib 38.2% of 1.3145/1.3913 ascend at 1.3620. Fresh strength through 1.3790, bear trendline connecting 1.3913/1.3816 highs and clearance of 1.3816, yesterday’s high / Fib 61.8% of 1.3913/1.3650, is expected to turn focus towards 1.3900/13 barriers. However, resumption of the broader uptrend form 1.3145 requires clearance of 1.3935/40, 15 Sep high / daily 55 day MA. Initial supports lie at 1.3724/1.3685, while only below 1.3650 to weaken the near-term structure.

Res: 1.3900, 1.3913, 1.3935, 1.3940
Sup: 1.3800, 1.3760, 1.3720, 1.3700

GBP/USD

Pullback from 1.5851, 14 Oct high, was contained at Fib 38.2% of 1.5271/1.5851 upleg at 1.5630. Subsequent bounce through 1.5700/20, initial resistances and 1.5760/72, 20 day MA / yesterday’s intraday high, is looking for stretch above 1.5800 barrier. Hourly studies are improving, however, daily outlook still maintains negative tone and unless 1.5851/1.5900 zone is cleared, near-term gains are likely to be capped under 1.5851. Initial support lies at 1.5700, while loss of strong support at 1.5630 would be bearish.

Res: 1.5800, 1.5821, 1.5851, 1.5900
Sup: 1.5700, 1.5665, 1.5630, 1.5600

USD/JPY

Remains within 76.60/76.90 range after repeated upside failures to clear main bear-trendline. Near-term studies are in the negative territory and while 77.00 barriers caps, the downside remains vulnerable. Below the range floor to expose 76.30, initial support, ahead of key levels at 76.10/75.93. On the upside, above 77.00, trendline resistance at 77.30 comes next. However, break of either extreme point at 76.00/77.50 would signal the fresh direction.

Res: 76.90, 77.00, 77.30, 77.50
Sup: 76.65, 76.50, 76.30, 76.10

USD/CHF

Yesterday’s brief break above 0.9038 barrier was short-lived, with subsequent pullback on overbought hourly conditions, returning the price to 0.8947, just ahead of yesterday’s low, where a temporary support was found. 0.9000 level now offers initial resistance to recovery attempt from 0.8950, with break above 0.9046, yesterday’s high’s required to resume gains. Broader picture’s bullish structure, however remains intact, while 0.8880, 17 Oct low / main bull trendline holds.

Res: 0.9000, 0.9046, 0.9051, 0.9100
Sup: 0.8945, 0.8920, 0.8900, 0.8880

 

[WindsorBrokers]

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

EUR/USD

Fresh strength off 1.3650, yesterday’s low, is getting congested on approach to key barriers at 1.3900/13. Initial support at 1.3800 zone contains dips for now and keeps positive near-term tone in play for attempt at 1.3913, above which to open key barriers at 1.3935/40, 15 Sep high / 55 day MA. Loss of 1.3800 handle would delay immediate bulls, while possible break under 1.3720/00 support zone to signal lower top and re-expose 1.3685/50 zone.

Res: 1.3868, 1.3900, 1.3913, 1.3935
Sup: 1.3810, 1.3800, 1.3760, 1.3720

GBP/USD

Accelerates gains from yesterday’s higher low at 1.5630 after break above 1.5770 barrier, to test previous high of 14 Oct at 1.5851. Clear break here is required to resume higher, with near-term studies in positive territory, setting scope for upside extension towards 1.5900, then 1.5940, Fibonacci level. Overbought hourly conditions, however, suggest corrective pullback preceding fresh rally. Initial support at 1.5790/70 zone, while hourly 20 day MA, currently at 1.5850, underpins.

Res: 1.5851, 1.5865, 1.5900, 1.5940
Sup: 1.5800, 1.5790, 1.5770, 1.5710

USD/JPY

Shows no signs of action, as being entrenched within narrow 76.65/85 range. Hourly and 4-hour studies remain skewed to the downside, with loss of initial support at 76.60 to open 76.30, possibly key levels at 76.10/75.93 on a break. On the upside, near-term range ceiling at 76.85/90 offers initial resistance, ahead of key barriers at 77.25, bear trendline and 77.50 zone, previous highs. Break of either side is required to signal fresh direction.

Res: 76.90, 77.00, 77.30, 77.50
Sup: 76.65, 76.50, 76.30, 76.10

USD/CHF

Near-term price action sees narrowing trend and creation of hourly triangle, as recovery attempt from 0.8880, 17 Oct low, was initially capped at 0.9046 and near-term lower top left under 0.9000. However, near-term positive tone persists while 0.8950/20 support zone stays intact, with clearance of 0.9000/50 barriers seen for attack at 0.9100/20. Break below triangle’s lower boundary at 0.8962 would weaken the structure, while below 0.8920 would confirm near-term top and re-focus 0.8880 support.

Res: 0.9000, 0.9020, 0.9046, 0.9051
Sup: 0.8962, 0.8945, 0.8920, 0.8900

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (06:45 GMT)

EUR/USD

Comes under renewed pressure after yesterday’s gains failed to regain 1.3900 barrier, stalling at 1.3868. Subsequent slide dented 1.3700 support, with formation of head and shoulders pattern on four- hour chart, keeping the downside vulnerable. This increases risk of losing key near-term support at 1.3650, previous lows and neckline, to put short-term bulls aside and open fresh leg lower and expose next significant level at 1.3565, 11 Oct low, also daily 20 day MA. Immediate resistances lie at 1.3730/82, while clearance of 1.3800 to provide relief. Hourly studies are in the negative territory, while daily outlook is losing momentum, as 55 day MA capped the recent gains. Break below 1.3565 would further weaken the structure and signal possible end of corrective phase from 1.3145.

Res: 1.3730, 1.3782, 1.3800, 1.3868
Sup: 1.3685, 1.3650, 1.3600, 1.3565

GBP/USD

Remains congested under 1.5851, 14 Sep fresh month high, as shown on four-hour chart, after renewed attempt higher lost traction just few ticks under 1.5851, before sliding back to 1.5700 support zone. Hourly studies turn negative, but oversold conditions may delay attack at key near-term support at 1.5630, 18 Oct low / Fib 38.2% of 1.5271/1.5851 and near-term range floor, below which to sideline short-term bulls from 1.5271 in favor of deeper reversal and possible attack at 1.5560/41, Fib 50% and 12 Oct low. Hourly 20 day MA, currently at 1.5770, maintains near-term bears, with static resistances at 1.5750/83. Only break above 1.5800 would ease near-term bear-pressure.

Res: 1.5750, 1.5783, 1.5800, 1.5851
Sup: 1.5685, 1.5665, 1.5630, 1.5600

USD/JPY

Resumes the near-term narrow range directionless trading, as the pair stays within 76.60/85 span. Flat hourly and daily studies suggest the near-term price action to continue in this manner. Immediate supports lie at 76.50/30, ahead of key downside levels at 76.10/75.93. On the upside 76.85/90 and 77.00 are initial barriers, ahead of main bear-trendline at 77.25 and previous highs at 77.40/50 zone. Break of either extreme points would signal fresh direction.

Res: 76.85, 76.90, 77.00, 77.25
Sup: 76.65, 76.50, 76.30, 76.10

USD/CHF

The pair has regained strength after initial gains were capped at 0.9046, with subsequent reversal contained above 0.8944/20 support zone. Fresh gains through 0.9046, yesterday’s high, are en-route to initial barrier at 0.9100, Fib 50% of 0.9313/0.8880 descend and strong resistance zone at 0.9120/45, 11 Oct high / Fib 61.8%, clearance of which is required to signal an end of corrective phase and re-focus 0.9200 and 0.9300 levels. Hourly studies above their centerlines support the rally, however, overbought conditions warn of corrective pullback. Immediate supports lie at 0.9046/38, ahead of 0.9020/00. Only loss of the latter would soften the near-term tone.

Res: 0.9081, 0.9100, 0.9120, 0.9145
Sup: 0.9046, 0.9038, 0.9020, 0.9000

 

[WindsorBrokers]

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

EUR/USD

Narrows the near-term range after pullback from yesterday’s high at 1.3868 found support at 1.3672, just above key near-term support level at 1.3650. Fresh gains ran out of steam on approach to 1.3850, bear-trendline connecting 1.3913/1.3868 highs, with reversal under 1.3800 handle under way. Hourly studies continue to move in negative territory, with loss of 1.3730/00 support, to open 1.3672/50 zone, below which would weaken short-term structure. On the upside, break above 1.3850/68, is required to turn focus towards 1.3900 resistance zone.

Res: 1.3800, 1.3842, 1.3868, 1.3900
Sup: 1.3700, 1.3672, 1.3650, 1.3600

GBP/USD

Remains congested under 1.5851, 14 Sep fresh month high, after renewed attempt higher lost traction just few ticks under 1.5851, before sliding back to 1.5700 zone, where support was found. Failure to complete four- hour chart head and shoulders pattern resulted in bounce that was capped at 1.5800, ahead of fresh weakness. Near-term price action shows succession of higher lows and lower highs and creation of the near-term triangle pattern, with break of either extreme points, to define near-term direction and expose near-term range limits.

Res: 1.5765, 1.5778, 1.5800, 1.5851
Sup: 1.5700, 1.5690, 1.5665, 1.5630

USD/JPY

Today’s fresh attempt through 77.00 barrier brings some action in play, after three-day narrow range trading. Gains were so far capped at 77.08, with quick reversal to previous range ceiling at 76.85. Holding above here would signal a development of fresh strength, however, break above trendline resistance and previous highs at 77.20/50 zone is required to confirm.

Res: 77.00, 77.08, 77.20, 77.50
Sup: 76.85, 76.65, 76.50, 76.30

USD/CHF

Today’s price action was capped by daily 20 day MA at 0.9081, with subsequent through initial supports at 0.9000 and 0.8950, returning to strong support zone at 0.8940/20, trendline support / previous low. Brief break below main bull trendline increases risk of fresh weakness, with break below 0.8920 and 0.8880 to further weaken the short-term structure and possibly expose 200 day MA, currently at 0.8762. Hourly studies are negative but oversold conditions suggest corrective bounce. Upside remains capped at 0.9080 and only break here to resume near-term recovery attempt from 0.8880.

Res: 0.8971, 0.9000, 0.9046, 0.9081
Sup: 0.8920, 0.8900, 0.8880, 0.8800

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (06:45 GMT)

EUR/USD

The recent price action under 1.3900 barrier is seen consolidative as long as 1.3655, key near-term support stays intact. The pair is lately driven mainly by fundamentals, with flat hourly and 4-hour studies, keeping the price movement within a narrowing range. Daily 55 day MA, currently at 1.3915, along with previous high at 1.3913, posted on 17 Oct, cap the upside and only break here to spark fresh extension of short-term recovery from 1.3145. On the downside, loss of 1.3655 would signal temporary top, ahead of deeper reversal, with Fibonacci level at 1.3620 and 11 Oct low at 1.3565, to come in focus.

Res: 1.3805, 1.3842, 1.3868, 1.3900
Sup: 1.3762, 1.3700, 1.3672, 1.3655

GBP/USD

The near-term outlook turns positive after yesterday’s slide below bull trendline off 1.5630 low, found support at 1.5681, keeping the short-term range floor at 1.5630 intact. Regain of 1.5800 handle turns the near-term focus higher, with hourly studies in a positive territory, setting scope for possible retest of 1.5851 barrier. Break here to end the near-term consolidative phase and expose 1.5900 and 1.5940, daily 55 day MA and Fib 38.2% of 1.6617/1.5271 descend. Only loss of 1.5700 zone would soften the near-term tone, while below 1.5630 to put short-term bulls on hold in favor of stronger decline towards 1.5560/41.

Res: 1.5820, 1.5846, 1.5851, 1.5900
Sup: 1.5773, 1.5744, 1.5700, 1.5681

USD/JPY

Returns to the previous range after yesterday’s brief push through 77.00 barrier proved to be false. The pair continues its directionless trade, with near-term studies in neutral mode. Break of extreme points at 75.93 on the downside and 77.15/50 at the upside, is required to signal fresh direction.

Res: 76.90, 77.08, 77.15, 77.50
Sup: 76.72, 76.65, 76.50, 76.30

USD/CHF

Turns the near-term structure negative after upside failure under 0.9100 barrier triggered sharp decline. Loss of strong supports at 0.8920 and 0.8880, has so far reached 0.8850 zone, with downside being vulnerable for further losses and possible test of 200 day MA, currently at 0.8755. Overextended hourly studies suggest correction, with previous supports at 0.8920/50 offering initial resistance. Only break above 0.9000 to provide relief.

Res: 0.8900, 0.8920, 0.8950, 0.9008
Sup: 0.8847, 0.8800, 0.8789, 0.8755

 

[WindsorBrokers]

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

EUR/USD

Improves the near-term outlook after bounce from today’s low at 1.3703, cleared initial barrier at 1.3800 and 1.3825/42, bear-trendline off 1.3913 / yesterday’s high, with the latest push through 1.3868, 19 Oct peak, to expose key short-term barriers at 1.3913/17, 17 Oct high / daily 55 day MA. Four-hour studies, emerging above their midlines and 20 day MA turning upside, support the advance. However, hourly RSI, entering overbought zone, may delay initial gains in favor of corrective pullback. Immediate supports lie at 1.3842/00, with only break below the latter to delay bulls.

Res: 1.3900, 1.3913, 1.3935, 1.4000
Sup: 1.3842, 1.3806, 1.3750, 1.3700

GBP/USD

Break above 1.5851, 14 Oct previous high, open fresh leg higher, as corrective pullback from 1.5851 was contained at 1.5681, keeping the key short-term support at 1.5630, intact. Lift above 1.5900 barrier, currently tests daily 55 day MA at 1.5935, also near Fib 50% of 1.6617/1.5271 descend, above which to open 1.6000 barrier for test. Positive hourly and 4-hour studies are positive, but hourly overextended conditions warn of pullback. Previous highs at 1.5851/46 offer initial support.

Res: 1.5935, 1.5950, 1.6000, 1.6023
Sup: 1.5900, 1.5851, 1.5846, 1.5800

USD/JPY

Loses the traction after break below initial support at 76.60 accelerated losses through 76.30/10 and key support and record low at 75.93, to post fresh all-time low at 75.80. Quick recovery above 76.00 barrier followed after near-term studies entered oversold zone, however, negative near-term studies keep the downside favored and signal possible establishing of fresh bear-phase as the pair breaks out of medium-term range. Daily studies are breaking below the midlines, with 55 day MA capping the upside at 76.80 for now.

Res: 76.20, 76.30, 76.44, 76.55
Sup: 76.00, 75.80, 75.50, 75.00

USD/CHF

Today’s recovery from low at 0.8847 was short-lived, as gains were capped at 0.8950, initial resistance level. Subsequent sell-off through 0.8847 confirms the short-term negative structure under 0.9313, 06 Oct high and keeps the downside vulnerable for test of 88.00 and 200 day MA, currently at 0.8755. Potential bounce on oversold near-term conditions is for now seen limited under 0.8900/30 zone.

Res: 0.8847, 0.8863, 0.8900, 0.8930
Sup: 0.8828, 0.8800, 0.8789, 0.8755

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (06:45 GMT)

EUR/USD

Break above key barriers at 1.3900/13 confirms the end of 1.3913/1.3652 corrective phase. Daily studies are entering positive territory, with MACD emerging above the midline and clearance of 55 day MA, setting scope for test of 1.4000, Fib 61.8% of 1.4548/1.3145 descend, above which to focus 1.4065/85, 90/200 day MA’s. Positive hourly studies maintain bullish tone, however, RSI in overbought zone, warns of corrective pullback. Initial support lies at 1.3900 zone, ahead of dynamic at 1.3870, 20 day MA, with key near-term level at 1.3820.

Res: 1.3950, 1.3971, 1.4000, 1.4056
Sup: 1.3900, 1.3870, 1.3842, 1.3820

GBP/USD

Maintains bullish tone after last Friday’s strong rally cleared 1.5900 barrier and daily 55 day MA at 1.5930, with mild consolidation under 1.5971, Friday’s high, followed. Today’s fresh strength approaches 1.6000, psychological barrier, ahead of dynamic resistance of 90 day MA, at 1.6021, above which to target Fibonacci 61.8% of 1.6617/1.5271 downleg at 1.6097 and 200 day MA at 1.6136. Hourly 20 day MA, currently at 1.5945, underpins the advance, with strong support zone at 1.5915/00, and 1.5850, previous highs. Overbought hourly conditions may signal corrective reversal preceding fresh rally.

Res: 1.6000, 1.6043, 1.6082, 1.6100
Sup: 1.5972, 1.5930, 1.5915, 1.5900

USD/JPY

Near-term studies remain weak after the pair broke below the recent range on Friday, with spike low at 75.80, posting fresh record low. Consolidation under 76.60, previous range floor, is under way, with negative hourly/4-hour studies, keeping the focus at the downside. Below 75.80 to signal fresh bear phase, while daily 55 day MA at 76.77 and main bear-trendline, currently at 77.00, cap the upside.

Res: 76.47, 76.55, 76.65, 76.85
Sup: 76.18, 76.00, 75.80, 75.50

USD/CHF

The near-term price action maintains bearish tone, after recovery attempt from 0.8880, last week’s fresh low, was capped by daily 20 day MA, just under 0.9100 barrier. Subsequent weakness through main bull-trendline from 0.7067 at 0.8986 and break below 0.8880 support, has so far tested 0.8800 zone. Current consolidation is seen preceding fresh leg lower, with break below 0.8800, to focus 200 day MA, currently at 0.8754, below which to signal temporary top and open way for stronger reversal. Immediate resistance lies at 0.8850 zone, while only regain of 0.8950 to ease bear-pressure.

Res: 0.8856, 0.8866, 0.8900, 0.8950
Sup: 0.8804, 0.8789, 0.8754, 0.8700

 

[WindsorBrokers]

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

EUR/USD

Near-term price action enters corrective phase after yesterday’s rallies hit fresh six-week high at 1.3955, where gains were capped. Overall positive tone from 1.3145, 04 Oct low, remains intact while main near-term support at 1.3820 holds. Break above daily 55 day MA and previous high at 1.3935 keeps focus at the upside, with clearance of 1.3955 to open Fibonacci level at 1.4000. Only loss of 1.3820 would delay immediate bulls and allow for stronger correction. Main bull trendline off 1.3145 lies at 1.3765 and key short-term support at 1.3655, 18/20 Oct lows, also Fib 38.2% of 1.3145/1.3955 ascend.

Res: 1.3900, 1.3923, 1.3955, 1.4000
Sup: 1.3868, 1.3820, 1.3800, 1.3750

GBP/USD

Remains steady, just under fresh six-week high at 1.6006, posted yesterday. Near-term studies in positive territory support, however, overextended 4-hour conditions warn of correction. Yesterday’s low at 1.5900 offers initial support, ahead of 1.5850 zone, previous highs / main bull trendline. On the upside, daily 90 day MA at 1.6015, comes next, ahead of 1.6100, Fib 61.8% of 1.6617/1.5271 descend and 200 day MA at 1.6136.

Res: 1.6006, 1.6015, 1.6043, 1.6082
Sup: 1.5966, 1.5900, 1.5850, 1.5800

USD/JPY

Trades in a narrow range, hovering around 76.00, after recovery from 75.80, last Friday’s fresh record low was capped at 76.50, previous range floor. Near-term outlook keeps the downside favored, as hourly / 4-hour studies hold below the midlines. Break below 75.80 to risk fresh phase lower and expose 75.00. Upside is seen limited at 76.50 initially, while only break above 77.00, previous range ceiling / main bear-trendline, would provide near-term relief.

Res: 76.22, 76.47, 76.55, 76.65
Sup: 76.00, 75.80, 75.50, 75.00

USD/CHF

Maintains negative short-term tone after slide from 1.3913, 06 Oct high, completed head and shoulders pattern, seen on 4-hour chart, extending losses to probe levels under 0.8800 handle, also Fib 23.6% of 0.7067/1.3913 ascend. Near-term price action is seen capped at 0.8880, yesterday’s high / 17 Oct low / 20 day MA, with focus at 200 day MA, currently at 0.8750, below which to further weaken the structure and open 0.8700/0.8646.

Res: 0.8829, 0.8880, 0.8900, 0.8950
Sup: 0.8800, 0.8788, 0.8750, 0.8700

 

[WindsorBrokers]

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

EUR/USD

Consolidates the recent gains, as near-term price action remains capped at 1.3955 zone. The pair moves within 1.3870/1.3955 range for now, however, positive sentiment continues to be driven by optimistic fundamentals. Break through 1.3955 opens 1.4000, Fib 61.8% of 1.4548/1.3145, possibly 200 day MA at 1.4090, on a break. On the downside, loss of 1.3870 to expose higher platform at 1.3820 and trendline support at 1.3780.

Res: 1.3955, 1.4000, 1.4056, 1.4100
Sup: 1.3888, 1.3876, 1.3820, 1.3800

GBP/USD

Continues to trade higher after today’s brief consolidation under 1.6000 level. Fresh high at 1.6037 was seen so far, denting daily 90 day MA at 1.6020 and entering daily Ichimoku cloud. This keeps focus at 1.6100/36 Fibonacci level / 200 day MA, however overextended 4-hour studies suggest corrective action. Initial supports lie at 1.5965/00, ahead of strong support at 1.5850, previous high / bull trendline off 1.5271 low.

Res: 1.6037, 1.6082, 1.6100, 1.6110
Sup: 1.5965, 1.5900, 1.5850, 1.5800

USD/JPY

Remains in a consolidative mode, moving within a narrow range, just above initial support at 76.00. Near-term studies remain weak, with focus at 75.80, fresh record low, below which to signal fresh bear-phase and expose 75.00 next. Upside remains capped at 76.30/50, initial barriers, while only break above 77.00, trendline resistance, would improve the near-term tone.

Res: 76.29, 76.47, 76.55, 76.65
Sup: 76.00, 75.80, 75.50, 75.00

USD/CHF

Near-term corrective attempt is under way, after loss of 0.8800 support posted fresh 5-week low at 0.8770. Bullish MACD divergence on hourly chart may signal stronger correction, as initial resistance at 0.8843 has been reached. Strong barrier lies at 0.8880, above which would provide near-term relief. Wider picture’s outlook, however, maintains negative tone, with focus at 0.8750, 200 day MA.

Res: 0.8845, 0.8880, 0.8900, 0.8950
Sup: 0.8800, 0.8788, 0.8750, 0.8700

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (06:45 GMT)

EUR/USD

Holds steady above 1.3850, yesterday’s low and near Fib 38.2% of 1.3655/1.3959 upleg, however, upside stays capped at 1.3650 zone for now. Lack of direction is due to markets awaiting decisions of the EU summit today, as the pair was mainly driven by news in the past few days. Near-term studies are still aligned to the upside, with break above 1.3659, yesterday’s high, to expose Fibonacci level at 1.4000 next. On the downside, initial support lies at 1.3900 zone, ahead of 1.3850/20.

Res: 1.3935, 1.3959, 1.4000, 1.4056
Sup: 1.3888, 1.3876, 1.3850, 1.3820

GBP/USD

Maintains positive short-term tone, after brief consolidation at 1.6000 zone, with today’s fresh push higher, posting fresh high at 1.6039. Daily studies are gaining momentum for further extension higher and test of Fibonacci 61.8% level at 1.6100, with attack at 200 day MA at 1.6136 in sight. Overextended 4-hour studies suggest corrective pullback. First support lies at 1.5955, ahead of strong support zone at 1.5900/1.5850, expected to contain dips and keep short-term bulls in play.

Res: 1.6039, 1.6082, 1.6100, 1.6110
Sup: 1.5989, 1.5955, 1.5900, 1.5850

USD/JPY

Renewed weakness, after the near-term corrective attempt was capped at 76.50, extended losses through 75.80, to post marginally fresh record low at 75.73. Short-term studies maintain firm bearish tone, with daily structure entering negative territory. Near-term focus is at 75.00, initial target, and unless Bank of Japan executes already announced intervention, the downside remains favored, with initial barriers at 76.00/50.

Res: 76.00, 76.29, 76.47, 76.55
Sup: 75.80, 75.73, 75.50, 75.00

USD/CHF

Short-term bears remain dominative, as the pair heads towards 0.8750, 200 day MA, below which to further weaken short-term structure for extension towards 0.8646, 15 |Sep low. Initial resistance lies at 0.8880, while bear-trendline off 0.9313 high, currently at 0.8980, maintains the downtrend.

Res: 0.8800, 0.8845, 0.8880, 0.8900
Sup: 0.8770, 0.8750, 0.8700, 0.8646

 

[WindsorBrokers]

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

EUR/USD

Remains in neutral near-term mode, moving within narrow 1.3900/55 range. Upside action is for now capped by 200 day EMA, while today’s dips were contained at 1.3900, ahead of strong supports at 1.3850/20. Entering the daily Ichimoku cloud would signal fresh gains, with clearance of 1.3955 to focus the next barrier zone at 1.4000/90, Fibonacci level / 200 day SMA. Only loss of 1.3820 would softer near-term structure.

Res: 1.3935, 1.3959, 1.4000, 1.4056
Sup: 1.3888, 1.3876, 1.3850, 1.3820

GBP/USD

Returns to 1.6000 zone after pullback from today’s high at 1.6040 was contained by 4-hour 20 day SMA at 1.5970. Hourly studies are regaining strength, with clearance of 1.6040, to extend short-term bulls from 1.5271 and open 1.6100/36, Fib 61.8% / 200 day MA. On the downside, initial supports lie at 1.5970/55, also 23.6% Fibonacci retracement of 1.5681/1.6040.

Res: 1.6040, 1.6082, 1.6100, 1.6110
Sup: 1.6000, 1.5970, 1.5955, 1.5900

USD/JPY

Remains under pressure, posting another marginal fresh record low at 75.70, earlier today. Daily studies are entering negative territory, after being congested within a narrow range for over two months, and looking for fresh weakness towards 75.00, initial target. Immediate barriers lie at 76.30/50, while only regain of zone above 77.00/50 would improve short-term structure.

Res: 76.00, 76.29, 76.47, 76.55
Sup: 75.70, 75.50, 75.00, 74.50

USD/CHF

Continues to travel south, as negative short-term studies continue to pressure, with today’s dip through 0.8750, 200 day SMA, extending losses to 0.8727 so far. Next targets lie at 0.8700 and 0.8646, Fib 38.2% of 0.7710/0.9313 upleg / 15 Sep low. Barriers at 0.8850/80 are expected to cap for now.

Res: 0.8770, 0.8800, 0.8845, 0.8880
Sup: 0.8727, 0.8700, 0.8646, 0.8600

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (06:30 GMT)

EUR/USD

Resumes short-term uptrend after three-day 100 pips consolidation range. Yesterday’s sharp dip was contained at 1.3800 support zone, with two-legged recovery now testing 1.4000 barrier, Fib 61.8% of 1.4548/1.3145 downleg. Near-term studies support further gains, with immediate barrier at 1.4025, daily Ichimoku cloud ceiling and 200 day SMA at 1.4095. Previous highs at 1.3955 zone offer immediate support, while key downside levels lie at 1.3820/00.

Res: 1.4025, 1.4060, 1.4100, 1.4148
Sup: 1.3955, 1.3942, 1.3900, 1.3863

GBP/USD

Near-term structure is regaining momentum after yesterday’s slide found support at 1.5900 zone, also main bull trendline off 1.5271 low. Regain of 1.6000 handle keeps focus higher for possible break above of key near-term barrier at 1.6040 and daily Ichimoku cloud, clearance of which to open way towards 1.6100/36, Fibonacci resistance / 200 day SMA. Previous range floor at 1.5955 offers immediate support, while break below 1.5900 would put bulls on hold in favor of deeper correction.

Res: 1.6034, 1.6040, 1.6082, 1.6100
Sup: 1.5990, 1.5955, 1.5900, 1.5890

USD/JPY

Negative near-term studies keep pressure to the downside, as the pair briefly broke lower and posted fresh record low at 75.70. Recovery attempts were capped at 76.30, with the latest break under 76.00 handle, keeping the focus at 75.70 and 75.00 on a break. To regain strength, clearance of minimum 76.80/77.00 barriers is required.

Res: 76.00, 76.30, 76.47, 76.55
Sup: 75.80, 75.70, 75.50, 75.00

USD/CHF

Yesterday’s bounce above 0.8800 mark, after the pair briefly broke below 200 day SMA and posted fresh low at 0.8727, was short-lived. Gains were limited ahead of initial barrier at 0.8880, with quick return to the levels below 0.8800, keeping the focus lower. Near-term studies in the negative territory favor retest of 0.8727 low, loss of which to spark fresh weakness and open way towards 0.8646, 15 Sep low. Upside remains capped at 0.8857/80 for now, while only clear break above 0.8900 barrier would improve the near-term structure.

Res: 0.8800, 0.8845, 0.8880, 0.8900
Sup: 0.8745, 0.8727, 0.8700, 0.8646

 

[WindsorBrokers]

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

EUR/USD

Fell sharply below psychological support at 1.4000, after last week’s strong rally through Fib 61.8% and 200 day SMA peaked at 1.4246 on 27 Oct. Strong support zone at 1.3955/75, also Fib 50% of the recent 1.3655/1.4246 upleg, contained dip for now, however, hourly studies in the negative territory, suggest change of the near-term structure. Further losses are favored for now, as the latest bounce of 1.3974, day’s low, is seen corrective while below 1.4100 handle. On the downside, loss of 1.3974/55 to open 1.3850/00. Wider picture’s uptrend remains intact while higher platform at 1.3655, also near Fib 50% of 1.3145/1.4246 holds.

Res: 1.4038, 1.4076, 1.4100, 1.4132
Sup: 1.3974, 1.3955, 1.3942, 1.3900

GBP/USD

Sharp reversal from last Friday’s fresh high at 1.6151, broke through 1.6040/00, strong support zone, previous high / main bull trendline, to hit fresh daily low at 1.5964. This weakens the near-term outlook and turns immediate focus lower, with 1.5900/1.5890, 24/26 Oct lows, in sight. Hourly studies are below their midlines, suggesting further easing, while correction on oversold conditions so far capped at 1.6000 zone, also broken bull trendline. Further upside, 1.6040/1.6100 offer strong resistance and only break higher to improve near-term structure.

Res: 1.6016, 1.6034, 1.6040, 1.6070
Sup: 1.5964, 1.5955, 1.5900, 1.5890

USD/JPY

Rallied sharply after hitting fresh record low at 75.56 overnight, as Japanese Central Bank intervened to stop further strengthening of yen. Regain of key barrier at 78.00 has turned the near-term outlook positive, extending gains to test 79.55, May’s consolidation range floor., with break her to open way for test of psychological barrier at 80.00 and 80.23/50, 04 Aug high / Fib 50% of 85.51/75.56 descend. Previous resistance at 77.85, 09 Sep high, is expected to contain corrective pullback, as near-term conditions are in deep overbought zone.

Res: 79.00, 79.52, 80.00, 80.23
Sup: 78.45, 78.00, 77.85, 77.68

USD/CHF

Continues to correct the short-term bear-trend off 0.9313, 06 Oct low, after bounce from fresh low at 0.8566, posted on 27 Oct, briefly broke above 200 day SMA at 0.8730. Hourly studies turned positive and see scope for further extension higher, with focus on 0.8800/57. Initial support lies at 0.8690, while only below 0.8650 turns focus lower.

Res: 0.8737, 0.8752, 0.8800, 0.8857
Sup: 0.8700, 0.8690, 0.8650, 0.8600

 

[WindsorBrokers]

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

EUR/USD

Hovers around 1.4000 handle, after reversal off 1.4246, fresh high, accelerated losses, to find temporary support at 1.3970, just ahead of strong support at 1.3955 zone. Hourly studies maintain negative ton, with 20 day SMA pointing lower and limiting the upside at 1.4055, also the latest consolidation band ceiling. Break below 1.3970 low would trigger fresh weakness and expose 1.3955 initially, ahead of 1.3900, figure support. To avert immediate downside risk, break above 1.4055 is required, while regain of 1.4100 to signal near-term bottom and turn focus higher.

Res: 1.4055, 1.4100, 1.4132, 1.4169
Sup: 1.3970, 1.3955, 1.3942, 1.3900

GBP/USD

Trades in near-term corrective mode after overnight’s sharp fall from day’s high at 1.6135, found support at 1.5965, daily Ichimoku cloud upper boundary and just ahead of strong support at 1.5955. Bounce has so far retraced over 50% of the latest 1.6151/1.5965 downleg. 20 day SMA on 4-hour chart, limits gains for now. Hourly studies continue to point higher, with fresh momentum looking for clearance of 1.6063, correction high, to open 1.6080, Fib 61.8% and 1.6100, psychological barrier, next. Strong support lies at 1.6000 zone, below which would turn near-term focus lower and expose 1.5965.

Res: 1.6063, 1.6080, 1.6100, 1.6135
Sup: 1.6047, 1.6000, 1.5982, 1.5964

USD/JPY

The pair has so far erased a good part of today’s strong rally from 75.56 that peaked at 79.52, after action was taken by Bank of Japan. Reversal under initial support at 78.00 and test of previous high at 77.85, found temporary ground here, while wider picture’s outlook still keeps the upside favored. Hourly 20 day SMA at 77.65, underpins for now. Key targets above 79.52 lie at 80.00 and 80.23/50 zone. Only loss of 77.50/00 handles would signal return to the previous range levels.

Res: 78.34, 79.00, 79.52, 80.00
Sup: 77.75, 77.68, 77.50, 77.00

USD/CHF

Consolidates the recent gains that peaked at 0.8737 earlier today. Downside remains protected at 0.8670, consolidation low and hourly 20 day SMA, however, positive hourly studies started fading. Loss of 0.8670 would put immediate gains on hold in favor of further reversal, with 0.8620 to come next. On the upside, today’s high at 0.8737 and Fibonacci 61.8% of 0.8857/0.8566 downleg at 0.8745, offer initial resistance, with break here to signal a resumption of near-term rally and open 0.8800 next.

Res: 0.8737, 0.8745, 0.8800, 0.8823
Sup: 0.8670, 0.8620, 0.8600, 0.8566

 

[WindsorBrokers]

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

EUR/USD

Remains under pressure after suffering heavy losses that fully erased the latest upleg from 1.3800 to 1.4246. Initial optimism about steps agreed on EU summit to tackle Eurozone debt problem is now fading. Loss of initial support at 1.3800 is looking for further weakness towards 1.3700 and key short-term support at 1.3655, higher platform. Hourly and 4-hour studies are below midlines, with RSI deeply in oversold territory. Break below daily Ichimoku cloud confirms near-term bearish structure. Initial resistances lie at 1.3800/30, with hourly 20 day SMA at 1.3875, maintaining bears.

Res: 1.3800, 1.3830, 1.3870, 1.3900
Sup: 1.3740, 1.3700, 1.3655, 1.3565

GBP/USD

Weakens the near-term structure after yesterday’s strong rally posted marginally fresh high at 1.6164. Failure to sustain gains triggered fresh weakness that brings psychological support at 1.6000 in focus. However, wider picture’s positive outlook is still intact, while initial support at 1.5900 holds, but weakening 4-hour studies see risk of fresh extension below 1.6000 handle to expose strong support at 1.5964, yesterday’s low and possible test of key downside levels at 1.5900/1.5850, below which would be bearish. Only regain of 1.6100 improves the near-term tone for fresh attack at 1.6151/64 highs.

Res: 1.6050, 1.6091, 1.6100, 1.6135
Sup: 1.5990, 1.5964, 1.5900, 1.5850

USD/JPY

Near-term price action consolidates around 78.00 handle, following yesterday’s strong rally on Bank of Japan’s intervention and subsequent corrective pullback finding ground at 78.00 zone. Hourly studies are in positive territory, moving sideways, as the pair trades within narrow range. Lift above 79.00, overnight’s high, to signal fresh strength and retest of yesterday’s high at 79.52, above which to focus our next targets at 80.00/23. On the downside, 78.00/77.65, need to stay intact, to maintain near-term positive structure.

Res: 78.34, 79.00, 79.52, 80.00
Sup: 78.00, 77.75, 77.65, 77.50

USD/CHF

Continues to travel north, after gains were initially capped at 0.8737 and subsequent pullback found support at 0.8671, just above strong support at 0.8650. Fresh strength through 0.8800 barrier is approaching significant resistances at 0.8857/80, above which to expose 0.8900, bear-trendline drawn off 0.9313 high. Near-term studies are positive, but hourly RSI already in overbought zone, suggests corrective pullback, ahead of fresh strength. Initial supports lie at 0.8785/60 and 0.8737. Only break below 0.8700 would soften the near-term tone.

Res: 0.8833, 0.8857, 0.8880, 0.8900
Sup: 0.8785, 08760, 0.8737, 0.8700

 

[WindsorBrokers]

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

EUR/USD

Remains under pressure after suffering heavy losses that fully erased the latest upleg from 1.3800 to 1.4246. Initial optimism about steps agreed on EU summit to tackle Eurozone debt problem is now fading. Loss of initial support at 1.3800 is looking for further weakness towards 1.3700 and key short-term support at 1.3655, higher platform. Hourly and 4-hour studies are below midlines, with RSI deeply in oversold territory. Break below daily Ichimoku cloud confirms near-term bearish structure. Initial resistances lie at 1.3800/30, with hourly 20 day SMA at 1.3875, maintaining bears.

Res: 1.3800, 1.3830, 1.3870, 1.3900
Sup: 1.3740, 1.3700, 1.3655, 1.3565

GBP/USD

Weakens the near-term structure after yesterday’s strong rally posted marginally fresh high at 1.6164. Failure to sustain gains triggered fresh weakness that brings psychological support at 1.6000 in focus. However, wider picture’s positive outlook is still intact, while initial support at 1.5900 holds, but weakening 4-hour studies see risk of fresh extension below 1.6000 handle to expose strong support at 1.5964, yesterday’s low and possible test of key downside levels at 1.5900/1.5850, below which would be bearish. Only regain of 1.6100 improves the near-term tone for fresh attack at 1.6151/64 highs.

Res: 1.6050, 1.6091, 1.6100, 1.6135
Sup: 1.5990, 1.5964, 1.5900, 1.5850

USD/JPY

Near-term price action consolidates around 78.00 handle, following yesterday’s strong rally on Bank of Japan’s intervention and subsequent corrective pullback finding ground at 78.00 zone. Hourly studies are in positive territory, moving sideways, as the pair trades within narrow range. Lift above 79.00, overnight’s high, to signal fresh strength and retest of yesterday’s high at 79.52, above which to focus our next targets at 80.00/23. On the downside, 78.00/77.65, need to stay intact, to maintain near-term positive structure.

Res: 78.34, 79.00, 79.52, 80.00
Sup: 78.00, 77.75, 77.65, 77.50

USD/CHF

Continues to travel north, after gains were initially capped at 0.8737 and subsequent pullback found support at 0.8671, just above strong support at 0.8650. Fresh strength through 0.8800 barrier is approaching significant resistances at 0.8857/80, above which to expose 0.8900, bear-trendline drawn off 0.9313 high. Near-term studies are positive, but hourly RSI already in overbought zone, suggests corrective pullback, ahead of fresh strength. Initial supports lie at 0.8785/60 and 0.8737. Only break below 0.8700 would soften the near-term tone.

Res: 0.8833, 0.8857, 0.8880, 0.8900
Sup: 0.8785, 08760, 0.8737, 0.8700

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (14:45 GMT)

EUR/USD

Accelerated losses through key short-term support at 1.3655, with additional pressure coming from more disappointing news regarding Greece coming from Eurozone. Fresh daily low was hit just above 1.3600 handle, below which to open 1.3565, 11 Oct low / Fib 61.8% of 1.3145/1.4246 upleg. Near-term studies are firmly in the negative territory, suggesting further weakness, however, extremely oversold hourly / 4-hour conditions see scope for corrective bounce. Strong resistance at 1.3800/30 zone is expected to cap for now.

Res: 1.3700, 1.3730, 1.3800, 1.3830
Sup: 1.3607, 1.3565, 1.3523, 1.3500

GBP/USD

Sharp decline from yesterday’s fresh high at 1.6164, has so far been contained at 1.5890, 26 Oct low. Bounce higher is seen corrective, as near-term studies still point lower, with yesterday’s low at 1.5964, being tested so far. Further upside, 1.6000/20, psychological barrier / Fib 50% and hourly 20 day SMA, offer strong resistance, and holding below here to keep negative tone in play. On the downside, key support lies at 1.5850, below which to soften short-term bullish structure off 1.5271.

Res: 1.5993, 1.6000, 1.6020, 1.6050
Sup: 1.5930, 1.5900, 1.5890, 1.5850

USD/JPY

Continues to trade in a narrow range directionless mode, after corrective pullback from fresh high at 79.52, found good support at 78.00. Holding above the latter, also upper border of the daily Ichimoku cloud, keeps the positive sentiment in play. Upside regain of 79.00/52 to open key barriers at 80.00/23. Loss of 78.00 handle, however, would soften the near-term tone and expose strong support at 77.60 zone, previous highs / Fin 50% of 75.56/79.52 rally.

Res: 78.34, 79.00, 79.52, 80.00
Sup: 78.00, 77.75, 77.65, 77.50

USD/CHF

Extends the recent strength from 0.8566, 27 Oct low, as today’s surge through previous high at 0.8857 and main bear-trendline off 0.9313, at 0.8887, so far tested 0.8950, 19 Oct low. Corrective pullback on overbought hourly conditions is under way, with 0.8900 zone containing dips for now, ahead of 0.8857, now reverted to support. Positive short-term outlook keeps the upside favored, with psychological barrier at 0.9000 seen next, ahead of 0.9081, 20 Oct high.

Res: 0.8950, 0.9000, 0.9040, 0.9081
Sup: 0.8885, 0.8857, 0.8800, 0.8760