Short Term Technical Analysis for Majors

[WindsorBrokers]

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

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

 

[WindsorBrokers]

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

EUR/USD

Near-term price action sees consolidation of the past two days heavy losses, triggered by negative fundamentals. Yesterday’s break below key short-term levels at 1.3700/1.3655, Fib 50% of 1.3145/1.4246 and 18/20 Oct higher platform, has found temporary support at 1.3600 zone. Near-term studies remain negative, with further weakness favored. Below 1.3607, yesterday’s low, to expose 1.3565, 11 Oct low / Fib 61.8%. Upside is for now seen limited at 1.3800 zone and only sustained break above 1.3870 would ease current bear pressure.

Res: 1.3752, 1.3762, 1.3800, 1.3830
Sup: 1.3635, 1.3607, 1.3565, 1.3523

GBP/USD

Maintains negative near-tone off 1.6164, 31 Oct high, as 200 day SMA currently limits the upside. Easing through main bull trendline and 1.5964, initial support, has found support at 1.5900 zone for now, with corrective bounce being capped at 1.6000 barrier for now. Fresh weakness would look for retest of 1.5890, yesterday / 26 Oct lows, below which to open strong support at 1.5850 and Fib 38.2% of 1.5271/1.6164 at 1.5825. On the upside, regain of 1.6100 handle is required to improve near-term outlook.

Res: 1.6000, 1.6030, 1.6056, 1.6091
Sup: 1.5965, 1.5914, 1.5900, 1.5890

USD/JPY

Extends the sideways movements, within a narrow range, as the price action stabilizes above 78.00. Hourly positive tone is fading, however, daily studies are gaining strength, with break above initial barriers at 79.00/52 required to resume recent gains. Only loss of 77.75 would weaken the near-term structure.

Res: 78.40, 79.00, 79.52, 80.00
Sup: 78.00, 77.75, 77.65, 77.50

USD/CHF

Corrects the recent strong rally that peaked at 0.8957 yesterday. Break below 0.8900 handle has so far been contained at 0.8830, with further easing into 0.8800 zone, Fib 38.2% of 0.8566/0.8957 upleg, seen favored, as hourly studies are losing momentum and 20 day SMA, currently at 0.8875, turned to the downside. Wider picture’s outlook sees 200 day SMA at 0.8725, as main support and holding above here to maintain short-term focus at the upside.

Res: 0.8900, 0.8957, 0.9000, 0.9040
Sup: 0.8830, 0.8800, 0.8760, 0.8737

 

[WindsorBrokers]

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

EUR/USD

Near-term price action sees consolidation of the past two days heavy losses, triggered by negative fundamentals. Yesterday’s break below key short-term levels at 1.3700/1.3655, Fib 50% of 1.3145/1.4246 and 18/20 Oct higher platform, has found temporary support at 1.3600 zone. Near-term studies remain negative, with further weakness favored. Below 1.3607, yesterday’s low, to expose 1.3565, 11 Oct low / Fib 61.8%. Upside is for now seen limited at 1.3800 zone and only sustained break above 1.3870 would ease current bear pressure.

Res: 1.3752, 1.3762, 1.3800, 1.3830
Sup: 1.3635, 1.3607, 1.3565, 1.3523

GBP/USD

Maintains negative near-tone off 1.6164, 31 Oct high, as 200 day SMA currently limits the upside. Easing through main bull trendline and 1.5964, initial support, has found support at 1.5900 zone for now, with corrective bounce being capped at 1.6000 barrier for now. Fresh weakness would look for retest of 1.5890, yesterday / 26 Oct lows, below which to open strong support at 1.5850 and Fib 38.2% of 1.5271/1.6164 at 1.5825. On the upside, regain of 1.6100 handle is required to improve near-term outlook.

Res: 1.6000, 1.6030, 1.6056, 1.6091
Sup: 1.5965, 1.5914, 1.5900, 1.5890

USD/JPY

Extends the sideways movements, within a narrow range, as the price action stabilizes above 78.00. Hourly positive tone is fading, however, daily studies are gaining strength, with break above initial barriers at 79.00/52 required to resume recent gains. Only loss of 77.75 would weaken the near-term structure.

Res: 78.40, 79.00, 79.52, 80.00
Sup: 78.00, 77.75, 77.65, 77.50

USD/CHF

Corrects the recent strong rally that peaked at 0.8957 yesterday. Break below 0.8900 handle has so far been contained at 0.8830, with further easing into 0.8800 zone, Fib 38.2% of 0.8566/0.8957 upleg, seen favored, as hourly studies are losing momentum and 20 day SMA, currently at 0.8875, turned to the downside. Wider picture’s outlook sees 200 day SMA at 0.8725, as main support and holding above here to maintain short-term focus at the upside.

Res: 0.8900, 0.8957, 0.9000, 0.9040
Sup: 0.8830, 0.8800, 0.8760, 0.8737

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (15:00 GMT)

EUR/USD

The pair remains under pressure, being driven by fundamentals from early hours of European session. Bounce from day’s low at 1.3655 was capped at 1.3830, yesterday’s high, ahead of 1.3836, 12 July swing low, with subsequent fall, revisiting 1.3655. Hourly studies are neutral to negative, while 4-hour chart studies maintain bearish tone. Current price action remains supported at 1.3655, break of which to expose 1.3607, 01 Nov low. Only clearance of 1.3830/50 zone, today’s high / Fib 38.2%, would improve the near-term tone.

Res: 1.3754, 1.3800, 1.3830, 1.3850
Sup: 1.3655, 1.3635, 1.3607, 1.3565

GBP/USD

Near-term structure regains strength, after yesterday’s upside rejection at 1.6040 zone, triggered fall through key short-term support at 1.5900 zone, posting marginally fresh low at 1.5875, where a good support was found. Bounce through short-term bear-channel resistance at 1.5970, has nearly fully retraced 1.6040/1.5875 downleg, before pullback on overbought hourlies occurred. Holding above 1.6000 mark, keeps the upside in focus, as hourly studies are positive. Clearance of 1.6040 barrier is required spark fresh recovery and expose 1.6100 for test. On the downside, loss of 1.5965/50 supports would weaken the near-term tone.

Res: 1.6038, 1.6091, 1.6100, 1.6140
Sup: 1.5965, 1.5950, 1.5900, 1.5875

USD/JPY

The near-term price action remains flat, moving within very narrow range around 78.00 level. Break of extreme points at 77.75 on the downside and 78.40/79.00 on the upside is to define near-term direction. However, daily structure still shows some positive elements for possible fresh attempt higher, with potential second action of Bank of Japan still on the table. Key upside barriers lie at 79.52, post-intervention high and 79.84, 200 day SMA, above which to confirm fresh strength and expose next targets at 80.00/23.

Res: 78.40, 79.00, 79.52, 80.00
Sup: 77.88, 77.75, 77.50, 77.26

USD/CHF

Hourly structure is weakening after upside attempt from 0.8783, day’s low, was capped on approach to initial barrier at 0.8900, with fresh sell-off under way. The near-term price action is seen entrenched within 0.8780/0.8890 range, with focus at the downside, as 4-hour studies are weakening and the pair returns under broken bear-trendline. Loss of 0.8783 support to extend near-term weakness off 0.8957 high and open 200 day SMA at 0.8720 for test. On the upside, break above 0.8957, to open way for fresh recovery and expose 0.9000 next.

Res: 0.8892, 0.8900, 0.8957, 0.9000
Sup: 0.8800, 0.8793, 0.8760, 0.8737

 

[WindsorBrokers]

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

EUR/USD

The pair remains under pressure, being driven by fundamentals from early hours of European session. Bounce from day’s low at 1.3655 was capped at 1.3830, yesterday’s high, ahead of 1.3836, 12 July swing low, with subsequent fall, revisiting 1.3655. Hourly studies are neutral to negative, while 4-hour chart studies maintain bearish tone. Current price action remains supported at 1.3655, break of which to expose 1.3607, 01 Nov low. Only clearance of 1.3830/50 zone, today’s high / Fib 38.2%, would improve the near-term tone.

Res: 1.3754, 1.3800, 1.3830, 1.3850
Sup: 1.3655, 1.3635, 1.3607, 1.3565

GBP/USD

Near-term structure regains strength, after yesterday’s upside rejection at 1.6040 zone, triggered fall through key short-term support at 1.5900 zone, posting marginally fresh low at 1.5875, where a good support was found. Bounce through short-term bear-channel resistance at 1.5970, has nearly fully retraced 1.6040/1.5875 downleg, before pullback on overbought hourlies occurred. Holding above 1.6000 mark, keeps the upside in focus, as hourly studies are positive. Clearance of 1.6040 barrier is required spark fresh recovery and expose 1.6100 for test. On the downside, loss of 1.5965/50 supports would weaken the near-term tone.

Res: 1.6038, 1.6091, 1.6100, 1.6140
Sup: 1.5965, 1.5950, 1.5900, 1.5875

USD/JPY

The near-term price action remains flat, moving within very narrow range around 78.00 level. Break of extreme points at 77.75 on the downside and 78.40/79.00 on the upside is to define near-term direction. However, daily structure still shows some positive elements for possible fresh attempt higher, with potential second action of Bank of Japan still on the table. Key upside barriers lie at 79.52, post-intervention high and 79.84, 200 day SMA, above which to confirm fresh strength and expose next targets at 80.00/23.

Res: 78.40, 79.00, 79.52, 80.00
Sup: 77.88, 77.75, 77.50, 77.26

USD/CHF

Hourly structure is weakening after upside attempt from 0.8783, day’s low, was capped on approach to initial barrier at 0.8900, with fresh sell-off under way. The near-term price action is seen entrenched within 0.8780/0.8890 range, with focus at the downside, as 4-hour studies are weakening and the pair returns under broken bear-trendline. Loss of 0.8783 support to extend near-term weakness off 0.8957 high and open 200 day SMA at 0.8720 for test. On the upside, break above 0.8957, to open way for fresh recovery and expose 0.9000 next.

Res: 0.8892, 0.8900, 0.8957, 0.9000
Sup: 0.8800, 0.8793, 0.8760, 0.8737

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:50 GMT)

EUR/USD

Remains in defensive after today’s higher opening, holding below 1.3800 handle, with Fib 38.2% of 1.4246/1.3607 and daily 55 day SMA, at 1.3850, capping the upside. Hourly studies are in neutral/negative mode, keeping the focus at 1.3710/00, initial supports, last Friday’s low / channel support, below which to open 1.3650, 03 Nov higher low and key short-term support at 1.3607.

Res: 1.3800, 1.3829, 1.3850, 1.3868
Sup: 1.3710, 1.3700, 1.3655, 1.3607

GBP/USD

Near-term price action faces strong barrier at 1.6030/70, as today’s brief break higher failed to sustain gains. Subsequent reversal into 1.60 zone turns the near-term focus lower, with break below 1.6000/1.5990 to open next level at 1.5950, ahead of key supports at 1.5900/1.5875, below which to signal further correction off 1.6164, 31 Oct high. Near-term studies are pointing lower. Daily indicators, however, keep the wider picture’s structure in positive zone, with 90 day SMA offering immediate support, but clearance of 200 day SMA, that limits the upside at 1.6140, is required to open fresh phase higher.

Res: 1.6025, 1.6060, 1.6072, 1.6091
Sup: 1.6000, 1.5990, 1.5950, 1.5900

USD/JPY

Remains in a narrow range, directionless mode, as 78.00 holds the downside, ahead of 77.75, key short-term support. On the upside, 78.40 offers initial resistance. Break of either extreme points would signal possible direction. Hourly studies are flat, while daily indicators are in positive territory.

Res: 78.24, 78.40, 79.00, 79.52
Sup: 78.00, 77.88, 77.75, 77.50

USD/CHF

Breaks above initial barrier at 0.8957, 01 Nov previous high, to confirm near-term positive structure and end of 0.8957/0.8760 corrective phase. Psychological level at 0.9000 offers initial barrier, ahead of 0.9081, 20 Oct high. Daily indicators are emerging from the negative zone, with 20 day SMA crossing above 200 day SMA and underpinning the advance.

Res: 0.9000, 0.9046, 0.9081, 0.9100
Sup: 0.8957, 0.8915, 0.8900, 0.8868

 

[WindsorBrokers]

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

EUR/USD

Hourly studies remain on the negative zone, as today’s sharp bounce, driven by news, was short-lived. Earlier brief break below 1.3700, channel support, keeps the downside in focus and below 1.3680, today’s low to open 1.3655 and key short-term support at 1.3607, 01 Nov low. Short-term price action sees the upside capped at 1.3850, Fibonacci level and only clear break here to extend correction off 1.3607.

Res: 1.3789, 1.3800, 1.3829, 1.3850
Sup: 1.3721, 1.3710, 1.3680, 1.3655

GBP/USD

Near-term price action remains capped at 1.6070 zone, after fresh rally from today’s higher low at 1.5978, just above strong support at 1.5950, stalled after brief break higher to 1.6078. Quick reversal towards 1.6000 zone confirms near-term congestion, as hourly studies are neutral. Reclaim of 1.6100 barrier is required to signal fresh strength, however, break above key barrier at 1.6140, daily 200 day SMA, to confirm. On the downside, loss of 1.5980, range floor, to weaken the structure for 1.5945 initially, ahead of key short-term support zone at 1.5900/1.5875.

Res: 1.6063, 1.6078, 1.6091, 1.6100
Sup: 1.6000, 1.5978, 1.5950, 1.5900

USD/JPY

The pair continues to move within a narrow range, with reversal from last Friday’s high at78.25, currently testing initial support at 78.00. Below here 77.75, 31 Oct low at 77.55, Fib 50% of the recent post-intervention rally, offers strong support and only below here to risk a return to the pre-intervention 77.00/76.00 range. On the upside, 78.25/40 offer initial resistance, while break above 79.00 to focus 79.52, 31 Oct high. Hourly studies are skewed to the downside.

Res: 78.24, 78.40, 79.00, 79.52
Sup: 78.00, 77.88, 77.75, 77.55

USD/CHF

Today’s rally through 0.8957, previous high, confirms short-term bulls and ends corrective phase from 0.8957. Upside extension through 0.9000 mark, has so far tested Fib 61.8% of 0.9313/0.8566 descend, with positive near-term studies seeing potential for test of 0.9081, 20 Oct high, next. Corrective pullback on overbought hourly conditions, should find support at/above 0.8900, to maintain short-term positive structure.

Res: 0.9000, 0.9030, 0.9081, 0.9100
Sup: 0.8957, 0.8943, 0.8915, 0.8900

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:50 GMT)

EUR/USD
Remains within 1.3850/1.3680 range, with hourly technicals in neutral to negative mode. Fundamentals keep pressuring the pair, as focus moves from Greece to Italy. Bull trendline off 1.3607 low, at 1.3735, offers immediate support, ahead of 1.3700/1.3680, below which to further weaken near-term outlook and expose key supports at 1.3655/07. On the upside, 1.3800/30, yesterday’s highs, come first, ahead of strong barriers at 1.3850/68, Fib 38.2% / 03/04 Nov highs, clearance of which is required to improve the near-term outlook.

Res: 1.3784, 1.3800, 1.3830, 1.3850
Sup: 1.3735, 1.3721, 1.3710, 1.3680

GBP/USD

Succession of higher low in a past few days and near-term price action holding above 1.6000 level, keeps short-term outlook in a positive path. However, barriers at 1.6060/80 zone that capped recent upside attempts, need to be cleared, to resume recovery from 1.5875 and expose 1.6100 zone next, ahead of key barriers at 1.6140, 200 day SMA and 1.6164, 31 Oct high, Daily 90 day SMA at 1.6015, underpins, ahead of 1.6000 support zone, loss of which would weaken the near-term structure.

Res: 1.6065, 1.6078, 1.6091, 1.6100
Sup: 1.6034, 1.6000, 1.5978, 1.5950

USD/JPY

The pair continues to move within a narrow range, after reversal from last Friday’s high at78.25, found support at 78.00. Below here 77.75, 31 Oct low at 77.55, Fib 50% of the recent post-intervention rally, offers strong support and only below here to risk a return to the pre-intervention 77.00/76.00 range. On the upside, 78.25/40 offer initial resistance, while break above 79.00 to focus 79.52, 31 Oct high. Hourly studies are skewed to the downside.

Res: 78.24, 78.40, 79.00, 79.52
Sup: 78.00, 77.88, 77.75, 77.55

USD/CHF

Break above 0.8957, previous high and 0.9000, psychological barrier, keeps the near-term positive structure in play, as bulls are looking for test of October highs at 0.9081 and 0.9120, posted on 20 / 11 Oct respectively. Corrective pullback on overbought hourly and 4-hour conditions is not ruled out, with initial supports at 0.9015/00 and breakpoint at 0.8957, 01 Nov high / yesterday’s intraday low, below which would weaken the near-term structure and allow for deeper reversal.


Res: 0.9081, 0.9100, 0.9120, 0.9150
Sup: 0.9027, 0.9015, 0.9000, 0.8957

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (14:40 GMT)

EUR/USD

Remains steady above 1.3723, day’s low, with regain of 1.3800 handle turning the near-term focus higher. Hourly indicators are emerging above midlines, with clearance of 1.3830, yesterday’s high, to open key short-term barriers at 1.3850/70. Hourly 20 day MA at 1.3765, underpins the recent advance, as markets await more news from Italy.

Res: 1.3830, 1.3850, 1.3870, 1.3900
Sup: 1.3800, 1.3754, 1.3723, 1.3710

GBP/USD

Maintains near-term positive tone, with today’s rally touching initial target at 1.6100. Sustained break here to open way for fresh gains and test of key barriers at 1.6140/64, 20 day SMA / 31 Oct previous high that were capping the short-term price action. Clearance of the latter faces 1.6180, Fib 61.8% of 1.6745/1.5271 decline, next. Immediate supports lies at 1.6050/34, while only below 1.6000 weakens near-term structure.

Res: 1.6100, 1.6151, 1.6164, 1.6180
Sup: 1.6050, 1.6034, 1.6000, 1.5978

USD/JPY

Break below 78.00 handle weakens the near-term structure, as losses also dented strong support level at 77.75, 31 Oct low. This risks further weakness and possible return to the previous Aug/Oct 76.00/77.00 range, however, oversold hourly / 4-hour RSI, suggests corrective bounce. Only sustained break above 78.00/25 would improve near-term outlook.

Res: 78.00, 78.24, 78.40, 79.00
Sup: 77.70, 77.55, 77.26, 77.00

USD/CHF

Trades in near-term corrective mode after posting fresh high at 0.9066 today, just ahead of our initial target at 0.9081. Loss of strong support at 0.8957, would risk further reversal. The pair is currently in a fifth wave from 0.9066 and according to the wave principles, support should be found at 0.8900, previous high of 04 Nov, also near fib 50% of 0.8760/0.9066 upleg. Loss of 0.8900 handle, however, would temporarily sideline bulls and open way for stronger correction of 0.8566/0.9066 ascend.


Res: 0.8962, 0.8993, 0.9032, 0.9066
Sup: 0.8915, 0.8900, 0.8868, 0.8835

 

[WindsorBrokers]

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

EUR/USD

Holds near-term positive sentiment, moving close to the key barriers and upper boundary of the recent range at 1.3850/68. Brief break through Fibonacci 38.2% level at 1.3850 overnight, sees scope fresh attempt higher, as fundamentals, recently main driver of the pair, are supportive. Sustained break here to expose 1.3900, figure resistance and 1.3925, Fib 61.8%, next, ahead of strong barrier at 1.4000, Fib 61.8% / daily 90 day SMA. Corrective dips should be contained above 1.3765/50 zone, yesterday’s intraday lows and main bull trendline, to keep immediate positive tone in play.

Res: 1.3837, 1.3857, 1.3870, 1.3900
Sup: 1.3800, 1.3765, 1.3754, 1.3723

GBP/USD

Resumes short-term uptrend from 1.5875 higher low, after yesterday’s clearance of 1.5860/70 barrier, where the pair was congested for a couple of days. Break above 1.6100 came close to 1.6140, 200 day SMA and 1.6164, previous high, strong resistance zone on a daily chart. Corrective pullback on overbought 4-hour conditions underway, with 20 day SMA at 1.6045 offering initial support, ahead of static supports at 1.6034/00, also Fib 38.2% / 50% of 1.5875/1.6135 ascend. Reversal above the latter is sought to maintain bullish structure for fresh push higher.

Res: 1.6104, 1.6119, 1.6129, 1.6140
Sup: 1.6045, 1.6034, 1.6000, 1.5978

USD/JPY

Remains under pressure after yesterday’s sharp fall through key near-term barriers at 78.00 and 77.75 extended losses to test 77.50, Fib 50% of post-intervention 75.56/79.52 rally. The downside remains vulnerable, as near-studies are in negative territory, however, temporary base would be found at 77.50 zone, as oversold hourly conditions bring some buying interest. On the upside, 78.00 zone, also 20 day SMA, is capping for now and only break here to improve the near-term structure.

Res: 77.75, 77.85, 78.00, 78.24
Sup: 77.53, 77.26, 77.00, 76.67

USD/CHF

Corrective pullback from 0.9066, yesterday’s high, found support at 0.8920, 20 day SMA, just above our target at 0.8900, with fresh strength under way. This keeps short-term positive structure intact for fresh attempt at 0.9066, above which to open our targets at 0.9081/0.9120, mid October highs. Daily studies are emerging above midlines, with golden cross at 0.8725, underpinning the advance for possible extension towards key barrier at 0.9313 in short-term.

Res: 0.8993, 0.9032, 0.9066, 0.9100
Sup: 0.8920, 0.8900, 0.8868, 0.8835

 

[WindsorBrokers]

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

EUR/USD

The pair continues to be driven by fundamentals, as the latest news from Italy, triggered sharp sell-off. Today’s slide has completely retraced short-term corrective rally from 1.3607, 01 Nov low that was capped at 1.3850, Fibonacci level. This turns near-term structure deeply in the negative territory and keeps the downside vulnerable for further losses. Immediate target lies at 1.3565, 11 Oct low / Fib 61.8% of 1.3145/1.4246 ascend, while MACD on daily chart, breaking below the signal line and approaching the centerline, suggesting broader weakness ahead, with 1.3427, 13 Feb low, coming in focus. However, overextended near-term studies, signal corrective action, with immediate barriers at 1.3655/80, while upside is seen capped under 1.3750 zone, for now.

Res: 1.3655, 1.3680, 1.3700, 1.3723
Sup: 1.3578, 1.3565, 1.3523, 1.3500

GBP/USD

Weakens the short-term structure after today’s sharp fall, sparked by negative economic data from UK, broke through strong supports at 1.6000 and 1.5950, extending losses to 1.5929 so far. Further weakness and possible re-visit of key short-term supports at 1.5900/1.5875 is seen favored, as 4-hour studies are breaking below their midlines, with break below 1.5875 to be very bearish. Corrective bounce on oversold hourly/4-hour conditions, should be capped below 1.6030, to maintain near-term bearish tone.

Res: 1.5900, 1.5950, 1.5978, 1.6000
Sup: 1.5929, 1.5900, 1.5890, 1.5875

USD/JPY

Remains under pressure after yesterday’s sharp fall through key near-term barriers at 78.00 and 77.75 extended losses to test 77.50, Fib 50% of post-intervention 75.56/79.52 rally. The downside remains vulnerable, as near-studies are in negative territory, however, temporary base would be found at 77.50 zone, as oversold hourly conditions bring some buying interest. On the upside, 78.00 zone, also 20 day SMA, is capping for now and only break here to improve the near-term structure.

Res: 77.75, 77.85, 78.00, 78.24
Sup: 77.53, 77.26, 77.00, 76.67

USD/CHF

Continues to travel north, after corrective reversal from 0.9066 high was contained by 20 day SMA at 0.8920. The pair approaches 0.9066 barrier, clearance of which to open way for fresh upleg of the broader rally from 0.8566, 27 Oct low. Upside targets lie at 0.9081, 20 Oct and 0.9120, 11 Oct highs. 20 day SMA at 0.8975, underpins the latest advance. Key supports lie at 0.8920, today’s low and 0.8910, bull trendline support off 0.8566 low.

Res: 0.9066, 0.9081, 0.9100, 0.9120
Sup: 0.9022, 0.9000, 0.8955, 0.8920

 

[WindsorBrokers]

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

EUR/USD

Yesterday’s break below short-term consolidation band at 1.3600 has accelerated losses to test psychological 1.3500 level so far. Negative near-term studies keep further weakness favored, with 1.3427, 13 Feb low, seen as next target. Oversold conditions on 1 and 4-hour charts, however, may delay immediate bears in favor of corrective bounce. Barriers stand at 1.3600 and 1.3650 zone, where also broken bear-trendline off 1.4246 high lies, with 1.3700, also 20 day SMA, expected to limit the upside. Daily conditions are weakening and stronger weakness towards main bull trendline from 1.1875 low of 2010, is not ruled out in a short-term.

Res: 1.3557, 1.3600, 1.3655, 1.3680
Sup: 1.3450, 1.3427, 1.3400, 1.3385

GBP/USD

Maintains near-term bearish tone after 200 day SMA at 1.6140 capped another upside attempt. Sharp slide through 1.6000/1.5950 handles is currently testing key short-term support zone at 1.5890/1.5875, below which would spark fresh bear phase. Next support lies at 1.5850, also near Fib 38.2% of 1.5271/1.6164 ascend. Upside barriers lie at 1.5950/80 zone, while 1.6000, psychological level, caps for now.

Res: 1.5936, 1.5950, 1.5978, 1.6000
Sup: 1.5890, 1.5875, 1.5850, 1.5800

USD/JPY

Trades in a near-term corrective mode after dipping to 77.50 low, also Fib 50% of 75.56/79.52 rally. The pair has so far reached 77.85, with key level at 78.00 seen capping the upside for now and only clear break here to improve near-term structure. On the downside, loss of 77.50 would be bearish and risk extension to 77.00, initial support.

Res: 77.87, 78.00, 78.24, 78.40
Sup: 77.53, 77.26, 77.00, 76.67

USD/CHF

The near-term price action sees consolidation of the recent strong rally through our initial targets at 0.9081 and 0.9120, with 0.9150 reached so far. Positive outlook favors further extension higher, as clearance of 0.9120 barrier brings 0.9313, 06 Oct high, back in focus. Initial support lies at 0.9100, while only loss of 0.9000 would weaken the near-term structure.

Res: 0.9150, 0.9180, 0.9200, 0.9250
Sup: 0.9100, 0.9081, 0.9066, 0.9022

 

[WindsorBrokers]

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

EUR/USD

Corrects the recent sharp fall from 1.3850 that found temporary support at 1.3485 today. Regain of 1.3600 handle tested initial barrier at1.3650 so far. Upside is for now seen limited here, as the 4-hour chart past month’s movement could be seen as head and shoulders pattern, completion of which to signal fresh weakness. Immediate near-term target lies at 1.3485, today’s low, below which opens 1.3427 13 Feb low.

Res: 1.3655, 1.3680, 1.3700, 1.3723
Sup: 1.3600, 1.3555, 1.3500, 1.3485

GBP/USD

Yesterday’s slide from 1.6100 zone was contained at strong support at 1.5890. Subsequent bounce on oversold near-term studies, accelerated after BOE’s rate decision, however, psychological barrier at 1.6000 stays intact for now. The downside remains vulnerable, as near-term studies hold negative tone and only sustained break above 1.6000 to improve. Loss of strong support at 1.5890/78 would be bearish and to signal forming of double top pattern, with break here to open 1.5850 next.

Res: 1.5984, 1.6000, 1.6028, 1.6042
Sup: 1.5900, 1.5890, 1.5875, 1.5850

USD/JPY

Trades in a near-term corrective mode after dipping to 77.50 low, also Fib 50% of 75.56/79.52 rally. The pair has so far reached 77.85, with key level at 78.00 seen capping the upside for now and only clear break here to improve near-term structure. On the downside, loss of 77.50 would be bearish and risk extension to 77.00, initial support.

Res: 77.72, 77.87, 78.00, 78.24
Sup: 77.53, 77.26, 77.00, 76.67

USD/CHF

Extends corrective pullback from yesterday’s fresh high at 0.9150, losing initial supports at 0.9100/0.9066 and currently approaching our key near-term level at 0.9000, where 20 day SMA contained dips at 0.9020 for now. Break below 0.9000 handle would signal stronger correction towards 0.8930/20, main bull trendline / 08/09 Nov higher platform. Hourly studies are still in negative field, while 4-hour outlook remains supportive for fresh push higher, as the broader bull-trend remains intact.

Res: 0.9066, 0.9100, 0.9150, 0.9180
Sup: 0.9020, 0.9000, 0.8975, 0.8930

 

[WindsorBrokers]

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

EUR/USD

Remains in a near-term corrective mode, after bounce from 1.3485, yesterday’s fresh one-month low, was capped at strong barrier at 1.3650. The pair steadies around 1.3600 level, with hourly studies in neutral to negative mode, but wider picture’s outlook maintaining negative structure. Downside remains favored while 1.3650/80 zone caps, with psychological 1.3500 level in focus, ahead of 1.3485. Break here to open fresh leg lower and expose 1.3427, 13 Feb low next. Only lift above 1.3700 would ease bear pressure in favor of stronger recovery. Key short-term resistance lies at 1.3850.

Res: 1.3632, 1.3655, 1.3680, 1.3700
Sup: 1.3600, 1.3575, 1.3550, 1.3500

GBP/USD

Near-term price action moves within a narrow range after yesterday’s spike higher was capped under 1.6000, psychological resistance, as well as downside brief break below strong support at 1.5890/75, was short-lived. Studies remain in the negative territory and keep focus at the downside, however, clear break below key support zone that was already tested yesterday, is required to trigger fresh weakness and expose 1.5850/00 initially. On the upside, break above 1.6000 would delay and signal further range trade.

Res: 1.5950, 1.5984, 1.6000, 1.6028
Sup: 1.5900, 1.5890, 1.5875, 1.5850

USD/JPY

Resumes the near-term weakness after recovery attempt was capped under 78.00 barrier. Break below 77.50 support, previous low and 50% Fibonacci retracement of post-intervention rally, now risks easing towards 77.00 and return to previous Aug-Oct range. Near-term studies are negative but overbought hourly and 4-hour chart conditions may see corrective bounce preceding fresh weakness. Recovery high at 77.87 and 78.00 barriers cap the upside for now.

Res: 77.50, 77.72, 77.87, 78.00
Sup: 77.36, 77.26, 77.00, 76.67

USD/CHF

Bounce from yesterday’s low at 0.9020, where the pair found support, was capped under 0.9100 barrier, with current easing increasing risk of retesting 0.9020/00 strong support zone, as hourly studies are losing momentum. From the other side, daily structure is moving into positive territory and keeping scope for fresh rally towards 0.9313 high. Loss of 0.9000 handle would delay and allow for stronger correction and test of main bull trendline at 0.8970.

Res: 0.9078, 0.9088, 0.9100, 0.9150
Sup: 0.9020, 0.9000, 0.8975, 0.8930

 

[WindsorBrokers]

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

EUR/USD

Regains strength after suffering heavy losses that bottomed at 1.3483 on 10 Nov. Temporary support was found here for recovery to 1.3800 so far. Positive hourly studies see scope for further gains, as 4-hour indicators are breaking above their midlines. However, key barrier at 1.3850, Fib 50% of 1.4246/1.3483, needs to be cleared to open way for fresh bull leg towards 1.3900/50, figure resistance / Fib 61.8%. Otherwise, fresh weakness would be likely. Initial support lies at 1.3740, near-term range low / hourly 20 day SMA, below which would expose 1.3655.

Res: 1.3777, 1.3800, 1.3810, 1.3850
Sup: 1.3740, 1.3700, 1.3655, 1.3614

GBP/USD

Short-term price action keeps the pair entrenched within 1.5870/1.6160 range, with the upside seen capped by 200 day SMA at 1.6140 and previous highs at 1.6160 zone. Break here is required to signal a resumption of the broader uptrend from 1.5271, 06 Oct low. On the downside, potential loss of the initial support at 1.6040 would weaken the structure and open psychological support at 1.6000, possibly 1.5950, 10 Nov high, on a break.

Res: 1.6090, 1.6100, 1.6140, 1.6160
Sup: 1.6040, 1.6000, 1.5950, 1.5900

USD/JPY

Remains in short-term downtrend after losing key supports at 78.00/77.75, to extend losses to 77.00 zone, previous range ceiling / Fib 61.8% of 75.56/79.52 rally. Near-term consolidation just above 77.00 mark is expected to precede fresh weakness, with break here to open 76.50/00 next. Near-term studies are firmly in negative zone, favoring further decline, with 4-hour oversold conditions, suggesting corrective bounce. Initial resistance at 77.25/50 are expected to contain, however, only regain of 78.00 improves.

Res: 77.25, 77.50, 77.72, 77.87
Sup: 77.00, 76.67, 76.50, 76.30

USD/CHF

Near-term outlook remains weak, as pullback from 0.9147, 10 Nov high, broke below 0.9000, psychological support. The pair attempts to consolidate above 0.8950, strong support zone, with lift above 0.9000 required to signal fresh gains and possible retest of 0.9147 high. Below 0.8950 and 0.8920, 08 Nov low / Fib 38.2% of 0.8566/0.9147, would be very bearish and look for extension towards the next key level at 0.8760.

Res: 0.9000, 0.9025, 0.9088, 0.9100
Sup: 0.8950, 0.8920, 0.8900, 0.8856

 

[WindsorBrokers]

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

EUR/USD

Regains strength after suffering heavy losses that bottomed at 1.3483 on 10 Nov. Temporary support was found here for recovery to 1.3800 so far. Positive hourly studies see scope for further gains, as 4-hour indicators are breaking above their midlines. However, key barrier at 1.3850, Fib 50% of 1.4246/1.3483, needs to be cleared to open way for fresh bull leg towards 1.3900/50, figure resistance / Fib 61.8%. Otherwise, fresh weakness would be likely. Initial support lies at 1.3740, near-term range low / hourly 20 day SMA, below which would expose 1.3655.

Res: 1.3777, 1.3800, 1.3810, 1.3850
Sup: 1.3740, 1.3700, 1.3655, 1.3614

GBP/USD

Short-term price action keeps the pair entrenched within 1.5870/1.6160 range, with the upside seen capped by 200 day SMA at 1.6140 and previous highs at 1.6160 zone. Break here is required to signal a resumption of the broader uptrend from 1.5271, 06 Oct low. On the downside, potential loss of the initial support at 1.6040 would weaken the structure and open psychological support at 1.6000, possibly 1.5950, 10 Nov high, on a break.

Res: 1.6090, 1.6100, 1.6140, 1.6160
Sup: 1.6040, 1.6000, 1.5950, 1.5900

USD/JPY

Remains in short-term downtrend after losing key supports at 78.00/77.75, to extend losses to 77.00 zone, previous range ceiling / Fib 61.8% of 75.56/79.52 rally. Near-term consolidation just above 77.00 mark is expected to precede fresh weakness, with break here to open 76.50/00 next. Near-term studies are firmly in negative zone, favoring further decline, with 4-hour oversold conditions, suggesting corrective bounce. Initial resistance at 77.25/50 are expected to contain, however, only regain of 78.00 improves.

Res: 77.25, 77.50, 77.72, 77.87
Sup: 77.00, 76.67, 76.50, 76.30

USD/CHF

Near-term outlook remains weak, as pullback from 0.9147, 10 Nov high, broke below 0.9000, psychological support. The pair attempts to consolidate above 0.8950, strong support zone, with lift above 0.9000 required to signal fresh gains and possible retest of 0.9147 high. Below 0.8950 and 0.8920, 08 Nov low / Fib 38.2% of 0.8566/0.9147, would be very bearish and look for extension towards the next key level at 0.8760.

Res: 0.9000, 0.9025, 0.9088, 0.9100
Sup: 0.8950, 0.8920, 0.8900, 0.8856

 

[WindsorBrokers]

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

EUR/USD

The pair loses momentum after recovery attempt from 1.3483 low was capped at 1.3800 zone today, just ahead of strong resistance at 1.3850, previous highs / Fib 50% of 1.4246/1.3483. Further easing through initial 1.3700 and strong support at 1.3655, 02/07 Nov consolidation range floor, keeps the pair within 1.3483/1.3850 range and brings near-term focus to 1.3600, below which to possibly reopen 1.3500/1.3483 levels. Negative hourly studies favor further weakness.

Res: 1.3655, 1.3680, 1.3700, 1.3735
Sup: 1.3600, 1.3577, 1.3549, 1.3500

GBP/USD

Turns the near-term focus lower, towards the floor of the recent 1.5870/1.6164 range, as today’s upside rejection under 1.6100 barrier, triggered fresh weakness that fully erased last Friday’s strong rally from 1.5900 zone. The latter is currently under pressure, with break here to risk attack at 1.5870, below which to weaken short-term structure and open way for further retracement of 1.5271/1.6164 ascend and expose 1.5850 and 1.58255, Fib 38.2%. On the upside, psychological level at 1.6000, now turns to initial resistance.

Res: 1.5950, 1.5984, 1.6000, 1.6050
Sup: 1.5907, 1.5900, 1.5890, 1.5870

USD/JPY

The pair’s attempt to base at 76.80, today’s low, was so far limited at 77.00 barrier, where also hourly 20 day SMA lies, keeping the near-term focus at the downside. Negative near-term studies favor further weakness, with loss of 76.80 to open 76.50, then 76.00. On the upside, 77.25/50 offer strong resistance, with the latter expected to cap for now.

Res: 77.25, 77.50, 77.72, 77.87
Sup: 76.80, 76.67, 76.50, 76.30

USD/CHF

Today’s recovery attempt from 0.8959, day’s low, has regained levels just under key near-term barriers at 0.9080 zone, clearance of which is required to confirm double bottom pattern on hourly chart and focus previous high at 0.9147. Hourly studies emerging above their midlines, favor this scenario, with 20 day SMA at 0.9015, underpinning the advance. Corrective pullback on overbought conditions, should be contained above 0.9000, to maintain near-term positive structure. Loss of .9000 handle, however, to re-focus key short-term supports at 0.8950/50.

Res: 0.9063, 0.9085, 0.9100, 0.9147
Sup: 0.9025, 0.9000, 0.8950, 0.8920

 

[WindsorBrokers]

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

EUR/USD

The pair loses momentum after recovery attempt from 1.3483 low was capped at 1.3800 zone today, just ahead of strong resistance at 1.3850, previous highs / Fib 50% of 1.4246/1.3483. Further easing through initial 1.3700 and strong support at 1.3655, 02/07 Nov consolidation range floor, keeps the pair within 1.3483/1.3850 range and brings near-term focus to 1.3600, below which to possibly reopen 1.3500/1.3483 levels. Negative hourly studies favor further weakness.

Res: 1.3655, 1.3680, 1.3700, 1.3735
Sup: 1.3600, 1.3577, 1.3549, 1.3500

GBP/USD

Turns the near-term focus lower, towards the floor of the recent 1.5870/1.6164 range, as today’s upside rejection under 1.6100 barrier, triggered fresh weakness that fully erased last Friday’s strong rally from 1.5900 zone. The latter is currently under pressure, with break here to risk attack at 1.5870, below which to weaken short-term structure and open way for further retracement of 1.5271/1.6164 ascend and expose 1.5850 and 1.58255, Fib 38.2%. On the upside, psychological level at 1.6000, now turns to initial resistance.

Res: 1.5950, 1.5984, 1.6000, 1.6050
Sup: 1.5907, 1.5900, 1.5890, 1.5870

USD/JPY

The pair’s attempt to base at 76.80, today’s low, was so far limited at 77.00 barrier, where also hourly 20 day SMA lies, keeping the near-term focus at the downside. Negative near-term studies favor further weakness, with loss of 76.80 to open 76.50, then 76.00. On the upside, 77.25/50 offer strong resistance, with the latter expected to cap for now.

Res: 77.25, 77.50, 77.72, 77.87
Sup: 76.80, 76.67, 76.50, 76.30

USD/CHF

Today’s recovery attempt from 0.8959, day’s low, has regained levels just under key near-term barriers at 0.9080 zone, clearance of which is required to confirm double bottom pattern on hourly chart and focus previous high at 0.9147. Hourly studies emerging above their midlines, favor this scenario, with 20 day SMA at 0.9015, underpinning the advance. Corrective pullback on overbought conditions, should be contained above 0.9000, to maintain near-term positive structure. Loss of .9000 handle, however, to re-focus key short-term supports at 0.8950/50.

Res: 0.9063, 0.9085, 0.9100, 0.9147
Sup: 0.9025, 0.9000, 0.8950, 0.8920

 

[WindsorBrokers]

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

EUR/USD

Near-term outlook sees bears fully in play, as the pair loses strong support at 1.3655 yesterday to briefly break below 1.3600 handle. Minor consolidation above 1.3600 was followed by fresh weakness through yesterday’s low at 1.3590. Immediate focus lies at 1.3550/00 and key low at 1.3483. 4-hour MACD is in the negative field, with break below the signal line, maintaining negative tone. On the upside, initial resistances lie at 1.3620/55, 20 day SMA / yesterday’s consolidation ceiling / previous lows, ahead of 1.3680/1.3700, that is expected to limit the upside near-term. Key short-term barriers lie at 1.3800/50 and only break here to provide near-term relief.

Res: 1.3655, 1.3680, 1.3700, 1.3735
Sup: 1.3574, 1.3549, 1.3500, 1.3483

GBP/USD

Sharp fall from yesterday’s highs just under 1.6100 barrier, where strong gains from last Friday stalled, pressures key short-term support at 1.5870, recent range floor. Break here would signal fresh bear-phase and confirm short-term top at 1.6164, with 1.5850/25, mid-October highs / Fib 38.2% of 1.5274/1.6164, to come next, ahead of possible extension towards 1.5700 zone. Corrective bounce on oversold hourly conditions faces resistance at 1.5950, 4-hour 20 day MA, while only clearance of psychological 1.6000 level would improve the near-term structure.

Res: 1.5950, 1.5984, 1.6000, 1.6050
Sup: 1.5870, 1.5850, 1.5825, 1.5800

USD/JPY

Is losing traction after recovery attempt from yesterday’s low at 76.80 spiked to 77.50 overnight, but gains were short-lived, as the price falls again under 77.00 handle. Near-term studies remain negative, with 20 day SMA at 77.28, maintaining bear-tone. Loss of 76.80 to open 76.50/00 next, while only break above 77.50 would bring some positive tone and re-focus key short-term barrier at 78.00.

Res: 77.10, 77.50, 77.72, 77.87
Sup: 76.93, 76.80, 76.67, 76.50

USD/CHF

Continues to head higher after regain of 0.9080/0.9100 barriers, with 0.9147, 10 Nov previous high coming in focus. Break here is required to resume short-term bull phase from 0.8566 and open key barrier at 0.9313, 06 Oct high, for test. Initial support lies at 0.9080, previous highs / 20 day SMA, while 0.9050 zone should contain corrective dips, to keep bulls intact. Key near-term supports lie at 0.9000 and 0.8950.

Res: 0.9138, 0.9147, 0.9200, 0.9250
Sup: 0.9100, 0.9080, 0.9025, 0.9000

 

[WindsorBrokers]

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

EUR/USD

Near-term outlook sees bears fully in play, as the pair loses strong support at 1.3655 yesterday to briefly break below 1.3600 handle. Minor consolidation above 1.3600 was followed by fresh weakness through yesterday’s low at 1.3590. Immediate focus lies at 1.3550/00 and key low at 1.3483. 4-hour MACD is in the negative field, with break below the signal line, maintaining negative tone. On the upside, initial resistances lie at 1.3620/55, 20 day SMA / yesterday’s consolidation ceiling / previous lows, ahead of 1.3680/1.3700, that is expected to limit the upside near-term. Key short-term barriers lie at 1.3800/50 and only break here to provide near-term relief.

Res: 1.3655, 1.3680, 1.3700, 1.3735
Sup: 1.3574, 1.3549, 1.3500, 1.3483

GBP/USD

Sharp fall from yesterday’s highs just under 1.6100 barrier, where strong gains from last Friday stalled, pressures key short-term support at 1.5870, recent range floor. Break here would signal fresh bear-phase and confirm short-term top at 1.6164, with 1.5850/25, mid-October highs / Fib 38.2% of 1.5274/1.6164, to come next, ahead of possible extension towards 1.5700 zone. Corrective bounce on oversold hourly conditions faces resistance at 1.5950, 4-hour 20 day MA, while only clearance of psychological 1.6000 level would improve the near-term structure.

Res: 1.5950, 1.5984, 1.6000, 1.6050
Sup: 1.5870, 1.5850, 1.5825, 1.5800

USD/JPY

Is losing traction after recovery attempt from yesterday’s low at 76.80 spiked to 77.50 overnight, but gains were short-lived, as the price falls again under 77.00 handle. Near-term studies remain negative, with 20 day SMA at 77.28, maintaining bear-tone. Loss of 76.80 to open 76.50/00 next, while only break above 77.50 would bring some positive tone and re-focus key short-term barrier at 78.00.

Res: 77.10, 77.50, 77.72, 77.87
Sup: 76.93, 76.80, 76.67, 76.50

USD/CHF

Continues to head higher after regain of 0.9080/0.9100 barriers, with 0.9147, 10 Nov previous high coming in focus. Break here is required to resume short-term bull phase from 0.8566 and open key barrier at 0.9313, 06 Oct high, for test. Initial support lies at 0.9080, previous highs / 20 day SMA, while 0.9050 zone should contain corrective dips, to keep bulls intact. Key near-term supports lie at 0.9000 and 0.8950.

Res: 0.9138, 0.9147, 0.9200, 0.9250
Sup: 0.9100, 0.9080, 0.9025, 0.9000