Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

Break below Daily Ichimoku cloud at 1.3566 and 1.3550, 10 Nov intraday low, keeps pressure to the downside, with 1.3510 low seen so far, just ahead psychological support at 1.3500. Corrective/ consolidative phase on oversold hourly conditions may precede final push towards key short-term support at 1.3483, with 1.3590, 20 day SMA/ yesterday’s low, offering good resistance for now. Only regain of 1.3650, overnight’s consolidation ceiling, would ease immediate bear pressure. Loss of 1.3483 to trigger fresh leg lower and expose 1.3400 zone, Fib 76.4% of 1.3145/1.4246 ascend.

Res: 1.3590, 1.3600, 1.3655, 1.3680
Sup: 1.3510, 1.3500, 1.3483, 1.3450

GBP/USD

Break below short-term range floor at 1.5867, and 1.5850 support, adds additional pressure on the pair. Fresh losses so far tested Fib 38.2% of 1.5271/1.6164 upleg and daily 55 day SMA at 1.5825. Clear break below 1.5825 to open way for fresh extension towards 1.5780, mid July’s low, next, ahead of Fib 50% at 1.5720. Previous strong support zone at 1.5870/90, now reverts to resistance and along with 20 day SMA, expected to cap corrective rallies.

Res: 1.5870, 1.5890, 1.5900, 1.5950
Sup: 1.5825, 1.5800, 1.5780, 1.5720

USD/JPY

Near-term price action sees the pair stabilizing around 77.00 level, following overnight’s spike to 77.50 and subsequent reversal back to 77.00 zone. Near-term studies continue to point lower, with 76.80/50 in focus, while 20 day SMA at 77.25, maintains bears, ahead of key near-term barrier at 77.50.

Res: 77.10, 77.50, 77.72, 77.87
Sup: 76.80, 76.67, 76.50, 76.30

USD/CHF

Today’s fresh rally through 0.9147, previous high, posted 10 Nov, extended gains to 0.9175 so far, followed by corrective pullback, as near-term studies entered overbought zone. Initial support at 0.9147 was dented, with strong levels at 0.9100/0.9080 expected to contain further dips and maintain immediate bearish structure. Clearance of 0.9175 to open 0.9200/50 next, while short-term focus remains at 0.9313, 06 Oct high.

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

Break below Daily Ichimoku cloud at 1.3566 and 1.3550, 10 Nov intraday low, keeps pressure to the downside, with 1.3510 low seen so far, just ahead psychological support at 1.3500. Corrective/ consolidative phase on oversold hourly conditions may precede final push towards key short-term support at 1.3483, with 1.3590, 20 day SMA/ yesterday’s low, offering good resistance for now. Only regain of 1.3650, overnight’s consolidation ceiling, would ease immediate bear pressure. Loss of 1.3483 to trigger fresh leg lower and expose 1.3400 zone, Fib 76.4% of 1.3145/1.4246 ascend.

Res: 1.3590, 1.3600, 1.3655, 1.3680
Sup: 1.3510, 1.3500, 1.3483, 1.3450

GBP/USD

Break below short-term range floor at 1.5867, and 1.5850 support, adds additional pressure on the pair. Fresh losses so far tested Fib 38.2% of 1.5271/1.6164 upleg and daily 55 day SMA at 1.5825. Clear break below 1.5825 to open way for fresh extension towards 1.5780, mid July’s low, next, ahead of Fib 50% at 1.5720. Previous strong support zone at 1.5870/90, now reverts to resistance and along with 20 day SMA, expected to cap corrective rallies.

Res: 1.5870, 1.5890, 1.5900, 1.5950
Sup: 1.5825, 1.5800, 1.5780, 1.5720

USD/JPY

Near-term price action sees the pair stabilizing around 77.00 level, following overnight’s spike to 77.50 and subsequent reversal back to 77.00 zone. Near-term studies continue to point lower, with 76.80/50 in focus, while 20 day SMA at 77.25, maintains bears, ahead of key near-term barrier at 77.50.

Res: 77.10, 77.50, 77.72, 77.87
Sup: 76.80, 76.67, 76.50, 76.30

USD/CHF

Today’s fresh rally through 0.9147, previous high, posted 10 Nov, extended gains to 0.9175 so far, followed by corrective pullback, as near-term studies entered overbought zone. Initial support at 0.9147 was dented, with strong levels at 0.9100/0.9080 expected to contain further dips and maintain immediate bearish structure. Clearance of 0.9175 to open 0.9200/50 next, while short-term focus remains at 0.9313, 06 Oct high.

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

 

[WindsorBrokers]

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

EUR/USD

The pair remains under heavy pressure, as fundamentals are worsening. Overnight’s break through 1.3500/1.3483, key short-term supports, accelerated losses through 1.3450, heading towards 1.3400 zone, where Fib 76.4% of 1.3145/1.4246 ascend lies. Further weakness would face strong support at 1.3360, 26 Sep / 10 Oct lows, with retest of key med-term support at 1.3145, 02 Oct low, not ruled out in short-term, as daily studies broke below centerlines. Hourly and 4-hour oversold conditions suggest correction, with strong barrier at 1.3550/70 zone, yesterday’s consolidation range ceiling / Fib 38.2% of 1.3810/1.3428 decline, expected to contain bounce.

Res: 1.3590, 1.3600, 1.3655, 1.3680
Sup: 1.3428, 1.3400, 1.3360, 1.3300

GBP/USD

Commences fresh bear-leg after sharp fall from 1.6100 barrier broke below three-week range. Further losses through 1.5850/00 support zone, have so far tested 1.5750 support, ahead of next levels at 1.5720/00, Fib 50% of 1.5271/1.6164 / figure support. Economic indicators from UK, due later today, may increase pressure on the pair, as remain grim. Near-term studies in negative territory, favor further weakness, with corrective attempts seen limited at 1.5850/70, previous range floor.

Res: 1.5800, 1.5850, 1.5870, 1.5890
Sup: 1.5750, 1.5720, 1.5700, 1.5680

USD/JPY

The pair undergoes near-term consolidation above previous low at 76.80, posted on 14 Nov. Near-term outlook, however, remains in a negative territory, with retest of 76.80 and possible extension towards 76.50 and 76.00, next downside targets, seen favored for now. On the upside, 77.00 zone continues to limit near-term price action, while only lift above 77.50, yesterday’s spike high, would provide relief and open way for test of key short-term barrier at 78.00.

Res: 77.00, 77.15, 77.50, 77.72
Sup: 76.89, 76.80, 76.67, 76.50

USD/CHF

Maintains short-term bullish tone, after yesterday’s corrective pullback off 0.9196, day’s high, found support at 0.9143, previous high zone. Fresh rally through our initial target at 0.9200, faces barriers at 0.9250/78, ahead of final push towards key short-term barrier at0.9313, 06 Oct high. Hourly and four-hour studies are firmly in the positive zone, with corrective dips facing initial support at 0.9190 ahead of 0.9150 zone that is expected to contain.

Res: 0.9250, 0.9278, 0.9300, 0.9313
Sup: 0.9190, 0.9150, 0.9124, 0.9100

 

[WindsorBrokers]

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

EUR/USD

The pair remains under heavy pressure, as fundamentals are worsening. Overnight’s break through 1.3500/1.3483, key short-term supports, accelerated losses through 1.3450, heading towards 1.3400 zone, where Fib 76.4% of 1.3145/1.4246 ascend lies. Further weakness would face strong support at 1.3360, 26 Sep / 10 Oct lows, with retest of key med-term support at 1.3145, 02 Oct low, not ruled out in short-term, as daily studies broke below centerlines. Hourly and 4-hour oversold conditions suggest correction, with strong barrier at 1.3550/70 zone, yesterday’s consolidation range ceiling / Fib 38.2% of 1.3810/1.3428 decline, expected to contain bounce.

Res: 1.3590, 1.3600, 1.3655, 1.3680
Sup: 1.3428, 1.3400, 1.3360, 1.3300

GBP/USD

Commences fresh bear-leg after sharp fall from 1.6100 barrier broke below three-week range. Further losses through 1.5850/00 support zone, have so far tested 1.5750 support, ahead of next levels at 1.5720/00, Fib 50% of 1.5271/1.6164 / figure support. Economic indicators from UK, due later today, may increase pressure on the pair, as remain grim. Near-term studies in negative territory, favor further weakness, with corrective attempts seen limited at 1.5850/70, previous range floor.

Res: 1.5800, 1.5850, 1.5870, 1.5890
Sup: 1.5750, 1.5720, 1.5700, 1.5680

USD/JPY

The pair undergoes near-term consolidation above previous low at 76.80, posted on 14 Nov. Near-term outlook, however, remains in a negative territory, with retest of 76.80 and possible extension towards 76.50 and 76.00, next downside targets, seen favored for now. On the upside, 77.00 zone continues to limit near-term price action, while only lift above 77.50, yesterday’s spike high, would provide relief and open way for test of key short-term barrier at 78.00.

Res: 77.00, 77.15, 77.50, 77.72
Sup: 76.89, 76.80, 76.67, 76.50

USD/CHF

Maintains short-term bullish tone, after yesterday’s corrective pullback off 0.9196, day’s high, found support at 0.9143, previous high zone. Fresh rally through our initial target at 0.9200, faces barriers at 0.9250/78, ahead of final push towards key short-term barrier at0.9313, 06 Oct high. Hourly and four-hour studies are firmly in the positive zone, with corrective dips facing initial support at 0.9190 ahead of 0.9150 zone that is expected to contain.

Res: 0.9250, 0.9278, 0.9300, 0.9313
Sup: 0.9190, 0.9150, 0.9124, 0.9100

 

[WindsorBrokers]

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

EUR/USD

Today’s extension of downtrend from 1.3810, 14 Nov high, hit fresh one month low at 1.3428, just ahead of next target at 1.3400, figure support / Fib 76.4%. Corrective action was so far capped at our initial resistance at 1.3555, as the pair returns to the levels under 1.3500. Near-term negative structure keeps focus lower and loss of 1.3428 to open 1.3400, then 1.3360, the last defense of 1.3145, 02 Oct low. Resistances at 1.3550/70 and 20 day SMA at 1.3600 zone, maintaining bears.

Res: 1.3500, 1.3518, 1.3555, 1.3570
Sup: 1.3454, 1.3428, 1.3400, 1.3360

GBP/USD

Consolidates losses through 1.5870/20, recent range floor / daily 55 day SMA, that found temporary support at 1.5743. Subsequent bounce stalled just above 1.5800 mark, keeping near-term bears firmly in play, with focus on 1.5720/00, below which to open 1.5680/30, 20 / 18 Oct lows. Initial resistance lies at 1.5814, today’s recovery ceiling, above which come strong resistance zone at 1.5850/70.

Res: 1.5800, 1.5814, 1.5850, 1.5870
Sup: 1.5743, 1.5720, 1.5700, 1.5680

USD/JPY

The pair maintains near-term sideways movement, with range limits at 76.80 and 77.15. Near-term outlook, however, remains skewed to the downside, as technical indicators are still in the negative territory, with fresh weakness through 76.80 seen favored for now. Below here opens 76.50/30, while upside clearance of initial barriers at 77.00/15, delays for possible test of 77.50 spike high.

Res: 77.00, 77.15, 77.50, 77.72
Sup: 76.84, 76.80, 76.67, 76.50

USD/CHF

Near-term price action gets congested under 0.9200 barrier, after fresh strength from today’s low at 0.9137 failed to reclaim 0.9200. This may delay immediate bulls as head and shoulders pattern is forming on hourly chart, with break below the neckline at 0.9140 to complete the pattern and signal further retracement of the latest rally that peaked at 0.9221 today. Below 0.9140, opens 0.9120/00, ahead of strong support at 0.9080. On the upside, clearance of 0.9200/21 is required to resume gains towards key barrier at 0.9313.

Res:0.9200, 0.9221, 0.9250, 0.9278
Sup: 0.9156, 0.9124, 0.9100, 0.9080

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:35 GMT)

EUR/USD

Near-term price action sees the pair attempting to base after posting marginally fresh low at 1.3421 overnight, versus the yesterday’s one at 1.3428. Upside remains for now capped at 1.3550, yesterday’s highs / 20 day SMA, with wider picture’s outlook firmly holding bearish tone, as shown on 4-hour chart, with further consolidation seen preceding fresh weakness. Break below 1.3428 to expose 1.3400, then 1.3360, below which opens way towards key support at 1.3145. On the upside, lift above initial barrier at 1.3550, may delay immediate bears in favor of stronger correction into strong resistance zone at 1.3600/60, previous lows, Fib 50%; 61.8%.

Res: 1.3500, 1.3550, 1.3570, 1.3600
Sup: 1.3454, 1.3421, 1.3400, 1.3360

GBP/USD

Extended losses to the levels under 1.5700 handle, after yesterday’s brief consolidation above 1.5750. Near-term studies show the pair under increased pressure after breaking below 3-weeks range. Corrective bounce on oversold conditions faces initial barrier at 1.5800 zone, yesterday’s consolidation ceiling / daily 55 day SMA, ahead of strong resistances at 1.5850/75, previous range floor that is expected to cap the upside. Daily MACD is attempting through the midline and this would confirm short-term bearish stance for fresh extension lower to test 1.5630/10, 18 Oct low / Fib 61.8% of 1.5271/1.6164 ascend.

Res: 1.5764, 1.5792, 1.5800, 1.5814
Sup: 1.5735, 1.5700, 1.5690, 1.5680

USD/JPY

Remains in short-term range trade, limited within narrow daily 55 and 90 day SMA’s at 76.80 and 77.15. Hourly studies are flat, suggesting further sideways movements, while daily indicators are breaking below midlines and maintaining broader negative tone. Break below near-term extreme point at 76.80 is required to trigger fresh decline at expose 76.50/30 next, while upside remains capped at 77.15 and only break here to signal stronger recovery and expose 77.50, 15 Nov spike high.

Res: 77.00, 77.15, 77.50, 77.72
Sup: 76.90, 76.80, 76.50, 76.30

USD/CHF

Continues to trend higher after yesterday’s corrective pullback off 0.9221 high found good support at 0.9140 zone, 10 Nov previous high, where fresh rally emerged. Overnight brief break through 0.9221 high, posted fresh one at 0.9228, keeping the wider picture’s bullish structure in play for final push towards key resistance zone at 0.9313/38, 06 Oct /27 Mar highs. Key near-term support remains at 0.9140, with 20 day SMA at the same level, underpinning the latest advance.

Res: 0.9200, 0.9228, 0.9250, 0.9278
Sup: 0.9180, 0.9140, 0.9124, 0.9100

 

[WindsorBrokers]

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

EUR/USD

Near-term price action sees the pair attempting to base after posting marginally fresh low at 1.3421 overnight, versus the yesterday’s one at 1.3428. Upside remains for now capped at 1.3550, yesterday’s highs / 20 day SMA, with wider picture’s outlook firmly holding bearish tone, as shown on 4-hour chart, with further consolidation seen preceding fresh weakness. Break below 1.3428 to expose 1.3400, then 1.3360, below which opens way towards key support at 1.3145. On the upside, lift above initial barrier at 1.3550, may delay immediate bears in favor of stronger correction into strong resistance zone at 1.3600/60, previous lows, Fib 50%; 61.8%.

Res: 1.3500, 1.3550, 1.3570, 1.3600
Sup: 1.3454, 1.3421, 1.3400, 1.3360

GBP/USD

Extended losses to the levels under 1.5700 handle, after yesterday’s brief consolidation above 1.5750. Near-term studies show the pair under increased pressure after breaking below 3-weeks range. Corrective bounce on oversold conditions faces initial barrier at 1.5800 zone, yesterday’s consolidation ceiling / daily 55 day SMA, ahead of strong resistances at 1.5850/75, previous range floor that is expected to cap the upside. Daily MACD is attempting through the midline and this would confirm short-term bearish stance for fresh extension lower to test 1.5630/10, 18 Oct low / Fib 61.8% of 1.5271/1.6164 ascend.

Res: 1.5764, 1.5792, 1.5800, 1.5814
Sup: 1.5735, 1.5700, 1.5690, 1.5680

USD/JPY

Remains in short-term range trade, limited within narrow daily 55 and 90 day SMA’s at 76.80 and 77.15. Hourly studies are flat, suggesting further sideways movements, while daily indicators are breaking below midlines and maintaining broader negative tone. Break below near-term extreme point at 76.80 is required to trigger fresh decline at expose 76.50/30 next, while upside remains capped at 77.15 and only break here to signal stronger recovery and expose 77.50, 15 Nov spike high.

Res: 77.00, 77.15, 77.50, 77.72
Sup: 76.90, 76.80, 76.50, 76.30

USD/CHF

Continues to trend higher after yesterday’s corrective pullback off 0.9221 high found good support at 0.9140 zone, 10 Nov previous high, where fresh rally emerged. Overnight brief break through 0.9221 high, posted fresh one at 0.9228, keeping the wider picture’s bullish structure in play for final push towards key resistance zone at 0.9313/38, 06 Oct /27 Mar highs. Key near-term support remains at 0.9140, with 20 day SMA at the same level, underpinning the latest advance.

Res: 0.9200, 0.9228, 0.9250, 0.9278
Sup: 0.9180, 0.9140, 0.9124, 0.9100

 

[WindsorBrokers]

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

EUR/USD

Near-term price action sees the pair attempting to base after posting marginally fresh low at 1.3421 overnight, versus the yesterday’s one at 1.3428. Upside remains for now capped at 1.3550, yesterday’s highs / 20 day SMA, with wider picture’s outlook firmly holding bearish tone, as shown on 4-hour chart, with further consolidation seen preceding fresh weakness. Break below 1.3428 to expose 1.3400, then 1.3360, below which opens way towards key support at 1.3145. On the upside, lift above initial barrier at 1.3550, may delay immediate bears in favor of stronger correction into strong resistance zone at 1.3600/60, previous lows, Fib 50%; 61.8%.

Res: 1.3500, 1.3550, 1.3570, 1.3600
Sup: 1.3454, 1.3421, 1.3400, 1.3360

GBP/USD

Extended losses to the levels under 1.5700 handle, after yesterday’s brief consolidation above 1.5750. Near-term studies show the pair under increased pressure after breaking below 3-weeks range. Corrective bounce on oversold conditions faces initial barrier at 1.5800 zone, yesterday’s consolidation ceiling / daily 55 day SMA, ahead of strong resistances at 1.5850/75, previous range floor that is expected to cap the upside. Daily MACD is attempting through the midline and this would confirm short-term bearish stance for fresh extension lower to test 1.5630/10, 18 Oct low / Fib 61.8% of 1.5271/1.6164 ascend.

Res: 1.5764, 1.5792, 1.5800, 1.5814
Sup: 1.5735, 1.5700, 1.5690, 1.5680

USD/JPY

Remains in short-term range trade, limited within narrow daily 55 and 90 day SMA’s at 76.80 and 77.15. Hourly studies are flat, suggesting further sideways movements, while daily indicators are breaking below midlines and maintaining broader negative tone. Break below near-term extreme point at 76.80 is required to trigger fresh decline at expose 76.50/30 next, while upside remains capped at 77.15 and only break here to signal stronger recovery and expose 77.50, 15 Nov spike high.

Res: 77.00, 77.15, 77.50, 77.72
Sup: 76.90, 76.80, 76.50, 76.30

USD/CHF

Continues to trend higher after yesterday’s corrective pullback off 0.9221 high found good support at 0.9140 zone, 10 Nov previous high, where fresh rally emerged. Overnight brief break through 0.9221 high, posted fresh one at 0.9228, keeping the wider picture’s bullish structure in play for final push towards key resistance zone at 0.9313/38, 06 Oct /27 Mar highs. Key near-term support remains at 0.9140, with 20 day SMA at the same level, underpinning the latest advance.

Res: 0.9200, 0.9228, 0.9250, 0.9278
Sup: 0.9180, 0.9140, 0.9124, 0.9100

 

[WindsorBrokers]

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

EUR/USD

Remains in a near-term consolidative mode, entrenched within 1.3421/1.3550 range. The recent losses have been contained at 1.3421, just above strong support at 1.3407, weekly Ichimoku cloud base. Regain of 1.3500 handle extends gains towards initial barrier at 1.3550, break of which is required to signal near-term double bottom and open way for stronger recovery, with 1.3570, Fib 38.2% of 1.3810/1.3421 downleg and 1.3607, 01 Nov low, seen on a break. Improving hourly studies support the near-term price action.

Res: 1.3550, 1.3570, 1.3607, 1.3655
Sup: 1.3435, 1.3421, 1.3407, 1.3360

GBP/USD

Near-term recovery attempt from 1.5690, today’s fresh 3-weeks low, approaches initial resistance at 1.5800/20 zone, daily 55 day SMA / yesterday’s high / 4-hour 20 day SMA, after gains left higher low at 1.5720. Break above 1.5820 is required to signal near-term basing attempt and allow for stronger correction towards next array of strong barriers at 1.5850/90 zone. Hourly conditions are gaining momentum, with MACD attempting to break above the centerline. Wider picture’s outlook, however, remains firmly in the negative territory and suggests further weakness after current corrective phase.

Res: 1.5800, 1.5814, 1.5820, 1.5850
Sup: 1.5763, 1.5720, 1.5700, 1.5690

USD/JPY

Remains in short-term range trade, limited within narrow daily 55 and 90 day SMA’s at 76.80 and 77.15. Hourly studies are flat, suggesting further sideways movements, while daily indicators are breaking below midlines and maintaining broader negative tone. Break below near-term extreme point at 76.80 is required to trigger fresh decline at expose 76.50/30 next, while upside remains capped at 77.15 and only break here to signal stronger recovery and expose 77.50, 15 Nov spike high.

Res: 77.00, 77.15, 77.50, 77.72
Sup: 76.90, 76.80, 76.50, 76.30

USD/CHF

The recent series of higher highs, suggests further upside extension of the latest bull leg from 0.8950 higher. Focus remains at key barriers at 0.9313/38, 06 Oct /27 Mar highs, while corrective dips should be contained above 0.9140, strong support zone, to keep immediate bullish structure intact. Otherwise, deeper correction into 0.9120, Fib 38.2% / 15 Nov intraday low and 0.9100 zone, Fib 50%, would be the likely scenario, before bulls reassert, as the wider picture remains positive.

Res: 0.9200, 0.9234, 0.9250, 0.9278
Sup: 0.9150, 0.9140, 0.9124, 0.9100

 

[WindsorBrokers]

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

EUR/USD

Remains in a near-term consolidative mode, entrenched within 1.3421/1.3550 range. The recent losses have been contained at 1.3421, just above strong support at 1.3407, weekly Ichimoku cloud base. Regain of 1.3500 handle extends gains towards initial barrier at 1.3550, break of which is required to signal near-term double bottom and open way for stronger recovery, with 1.3570, Fib 38.2% of 1.3810/1.3421 downleg and 1.3607, 01 Nov low, seen on a break. Improving hourly studies support the near-term price action.

Res: 1.3550, 1.3570, 1.3607, 1.3655
Sup: 1.3435, 1.3421, 1.3407, 1.3360

GBP/USD

Near-term recovery attempt from 1.5690, today’s fresh 3-weeks low, approaches initial resistance at 1.5800/20 zone, daily 55 day SMA / yesterday’s high / 4-hour 20 day SMA, after gains left higher low at 1.5720. Break above 1.5820 is required to signal near-term basing attempt and allow for stronger correction towards next array of strong barriers at 1.5850/90 zone. Hourly conditions are gaining momentum, with MACD attempting to break above the centerline. Wider picture’s outlook, however, remains firmly in the negative territory and suggests further weakness after current corrective phase.

Res: 1.5800, 1.5814, 1.5820, 1.5850
Sup: 1.5763, 1.5720, 1.5700, 1.5690

USD/JPY

Remains in short-term range trade, limited within narrow daily 55 and 90 day SMA’s at 76.80 and 77.15. Hourly studies are flat, suggesting further sideways movements, while daily indicators are breaking below midlines and maintaining broader negative tone. Break below near-term extreme point at 76.80 is required to trigger fresh decline at expose 76.50/30 next, while upside remains capped at 77.15 and only break here to signal stronger recovery and expose 77.50, 15 Nov spike high.

Res: 77.00, 77.15, 77.50, 77.72
Sup: 76.90, 76.80, 76.50, 76.30

USD/CHF

The recent series of higher highs, suggests further upside extension of the latest bull leg from 0.8950 higher. Focus remains at key barriers at 0.9313/38, 06 Oct /27 Mar highs, while corrective dips should be contained above 0.9140, strong support zone, to keep immediate bullish structure intact. Otherwise, deeper correction into 0.9120, Fib 38.2% / 15 Nov intraday low and 0.9100 zone, Fib 50%, would be the likely scenario, before bulls reassert, as the wider picture remains positive.

Res: 0.9200, 0.9234, 0.9250, 0.9278
Sup: 0.9150, 0.9140, 0.9124, 0.9100

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:40 GMT)

EUR/USD

Extends the near-term sideways trading as the upside stays capped at 1.3540/55 zone. Hourly studies are in neutral mode, while 4-hour and daily outlook remains bearish and favors further weakness. Loss of strong support zone at 1.3421/07, 16/17 Nov lows / weekly Ichimoku cloud base / 76.4% of 1.3145/1.4246, would open 1.3360, the last obstacle before key short-term support at 1.3145. Rallies into 1.3570 / 1.3615, Fib 38.2% / 50% / main bear-trendline off 1.4246, would precede fresh weakness. Only break above 1.3655 / 1.3700, previous support / Fib 61.8% / daily 556 day SMA, would provide near-term relief.

Res: 1.3500, 1.3540, 1.3555, 1.3570
Sup: 1.3466, 1.3447, 1.3421, 1.3407

GBP/USD

Corrective bounce from 1.5690, yesterday’s low, remains capped at 1.5800, keeping the pair in a near-term narrow range, directionless trading. Neutral hourly studies see the pair entrenched within 1.5700/1.5800 range, while 4-hour outlook maintains short-term bears for retest of 1.5690 to spark fresh leg lower and open 1.5630/10, 18 Oct low / Fib 61.8% of 1.5271/1.6164 ascend. On the upside, extension above initial barrier at 1.5800/20 zone, is not ruled out, with possible extension of near-term corrective action towards strong resistance zone at 1.5850/75, before bears regain control.

Res: 1.5800, 1.5814, 1.5820, 1.5850
Sup: 1.5740, 1.5720, 1.5700, 1.5690

USD/JPY

Turns the near-term focus lower after repeated failures to clear initial barrier at 77.00/15. Recent range low at 76.80 comes under pressure, with break here to signal an end of near-term consolidation and open way for fresh weakness towards 76.50/30 zone, initially. Hourly studies in the negative territory, keep bears in play, with 20 day SMA at 77.00, capping the upside for now. Only lift above 77.00/15 would ease immediate bear pressure.

Res: 76.90, 77.00, 77.15, 77.50
Sup: 76.80, 76.50, 76.30, 76.00

USD/CHF

Extends the near-term consolidative phase after break above 0.9200 barrier posted fresh 5-week high at 0.9234 yesterday. The recent range floor at 0.9240/30 zone, also Fib 38.2% of 0.8950/0.9234 rally, is expected to contain, to keep short-term bulls in play for possible attack at key resistances at 0.9313/38, 06 Oct /27 Mar highs.

Res: 0.9200, 0.9234, 0.9250, 0.9278
Sup: 0.9150, 0.9140, 0.9124, 0.9100

 

[WindsorBrokers]

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

EUR/USD

Fresh strength emerged on a break of the near-term range ceiling at 1.3555, surging through 1.3600 barrier to test 1.3615, Fib 50% of 1.3810/1.3421 downleg, where gains stalled. Sharp reversal under initial support, previous resistance at 1.3655, now risks return to 1.3421 in case 1.3500 support level is lost. Wider picture’s bears, however, remain intact while 1.3635, main bear-trendline / 14/15 Nov consolidation ceiling stays intact.

Res: 1.3500, 1.3540, 1.3555, 1.3570
Sup: 1.3466, 1.3447, 1.3421, 1.3407

GBP/USD

Break above near-term consolidative range ceiling at 1.5800/20 zone, triggered fresh strength that briefly broke above our initial target at 1.5850/75, stalling ahead of next resistance zone at 1.5890/1.5900, near Fib 50%, before returning to 1.5800 area, now acting as support. Hourly MACD has emerged above the midline and holds above the signal line, suggesting possible fresh attempt higher, if 1.5800 and 20 day SMA, at 1.5790, contain the latest reversal from 1.5887, today’s high. On the downside, break below near-term bull trendline at 1.5760 would re-focus 1.5690 low.

Res: 1.5840, 1.5888, 1.5900, 1.5935
Sup: 1.5805, 1.5790, 1.5760, 1.5736

USD/JPY

Extends the near-term weakness under 76.80, previous range downside boundary, to test initial support at 76.50 so far. Bearish hourly studies see scope for further weakness and possible test of next levels at 76.30 and 76.10, while corrective bounce on oversold hourly RSI faces initial resistance at 76.80, previous strong support and 20 day SMA and should reverse ahead of key near-term barrier at 77.00, to maintain near-term negative tone. Only lift above 77.00/15 would improve the outlook and delay bears in favor of possible attempt at77.50 spike high.

Res: 76.80, 77.00, 77.15, 77.50
Sup: 76.50, 76.30, 76.10, 76.00

USD/CHF

Dip through strong supports at 0.9140/30 and 0.9100, found a footstep just above next support level at 0.9080, ahead of strong bounce. Regain of previous low and support zone at 0.9140, looks for test of 20 day SMA at 0.9175 and figure resistance at 0.9200, to signal an end of corrective phase and re-focus previous high at 0.9234.

Res: 0.9175, 0.9200, 0.9234, 0.9250
Sup: 0.9100, 0.9083, 0.9059, 0.9000

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:40 GMT)

EUR/USD

Hovers at 1.3500 zone after finding near-term support at 1.3421 last week, with upside attempts being capped at 1.3600 area. Hourly studies are in rather neutral mode, suggesting further consolidation, as daily Ichimoku cloud base limits the upside at 1.3530, while 4-hour outlook shows broader bearish tone still intact. Main barriers lie at 1.3600/14, main bear trendline drawn off 1.4246 high / last Friday’s high and while below here, focus remains at the downside. Loss of 1.3500 handle to re-focus key near-term support zone at 1.3400 area, where previous low at 1.3421 lies and weekly Ichimoku cloud base at 1.3407, break of which to open 1.3360 and main support at 1.3145 on a break.

Res: 1.3530, 1.3555, 1.3600, 1.3614
Sup: 1.3500, 1.3466, 1.3446, 1.3421

GBP/USD
Hourly outlook returns to weakness after last Friday’s strong rally stalled on approach to 1.5900 resistance, also Fib 50% of 1.6090/1.5690 descend, with subsequent reversal bringing the price to the higher platform at 1.5740 area. Completion of head and shoulders pattern on hourly chart, requires break below the neckline at 1.5740 zone, to signal and end of recovery phase and focus 1.5690 support next. Wider picture’s outlook maintain negative tone, as daily 55 day SMA caps at 1.5790 and daily MACD breaks below the centerline, suggesting fresh bear-leg. Break below 1.5690 to open 1.5630/15, 18 Oct low / Fib 61.8% of 1.5271/1.6164 rally.

Res: 1.5760, 1.5800, 1.5840, 1.5887
Sup: 1.5732, 1.5717, 1.5690, 1.5630

USD/JPY

Maintains near-term negative tone after last week’s dip to 76.50, initial support and subsequent bounce being capped at 77.00, strong resistance zone. Hourly and 4-hour studies remain in the negative territory, as 20 day SMA limits the upside at 76.90 for now. Fresh attack at 76.50 to likely open way for further weakness and expose 76.30/10 levels, next. Only firm break above 77.00 barrier would delay for possible attempt at 77.50, 15 Nov spike high.

Res: 76.93, 77.00, 77.15, 77.50
Sup: 76.74, 76.56, 76.30, 76.10

USD/CHF

The pair returns above previous range floor at 0.9140, after dip through 0.9100 support found ground at 0.9083, also previous high of 20 Oct and Fib 23.6% of 0.8566/0.9234 ascend. Hourly studies maintain neutral tone for now, but lack of momentum may keep the price action capped under 0.9180, current range ceiling, also 4-hour 20 day SMA. On the downside, loss of initial support at 0.9140 would re-focus 0.9100/0.9083, while clearance of 0.9180/0.9200 is required to signal an end of near-term corrective phase and bring near-term bulls fully in play. Daily structure maintains its bullish stance.

Res: 0.9181, 0.9200, 0.9234, 0.9250
Sup: 0.9140, 0.9100, 0.9083, 0.9059

 

[WindsorBrokers]

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

EUR/USD

Hovers at 1.3500 zone after finding near-term support at 1.3421 last week, with upside attempts being capped at 1.3600 area. Hourly studies are in rather neutral mode, suggesting further consolidation, as daily Ichimoku cloud base limits the upside at 1.3530, while 4-hour outlook shows broader bearish tone still intact. Main barriers lie at 1.3600/14, main bear trendline drawn off 1.4246 high / last Friday’s high and while below here, focus remains at the downside. Loss of 1.3500 handle to re-focus key near-term support zone at 1.3400 area, where previous low at 1.3421 lies and weekly Ichimoku cloud base at 1.3407, break of which to open 1.3360 and main support at 1.3145 on a break.

Res: 1.3530, 1.3555, 1.3600, 1.3614
Sup: 1.3500, 1.3466, 1.3446, 1.3421

GBP/USD
Hourly outlook returns to weakness after last Friday’s strong rally stalled on approach to 1.5900 resistance, also Fib 50% of 1.6090/1.5690 descend, with subsequent reversal bringing the price to the higher platform at 1.5740 area. Completion of head and shoulders pattern on hourly chart, requires break below the neckline at 1.5740 zone, to signal and end of recovery phase and focus 1.5690 support next. Wider picture’s outlook maintain negative tone, as daily 55 day SMA caps at 1.5790 and daily MACD breaks below the centerline, suggesting fresh bear-leg. Break below 1.5690 to open 1.5630/15, 18 Oct low / Fib 61.8% of 1.5271/1.6164 rally.

Res: 1.5760, 1.5800, 1.5840, 1.5887
Sup: 1.5732, 1.5717, 1.5690, 1.5630

USD/JPY

Maintains near-term negative tone after last week’s dip to 76.50, initial support and subsequent bounce being capped at 77.00, strong resistance zone. Hourly and 4-hour studies remain in the negative territory, as 20 day SMA limits the upside at 76.90 for now. Fresh attack at 76.50 to likely open way for further weakness and expose 76.30/10 levels, next. Only firm break above 77.00 barrier would delay for possible attempt at 77.50, 15 Nov spike high.

Res: 76.93, 77.00, 77.15, 77.50
Sup: 76.74, 76.56, 76.30, 76.10

USD/CHF

The pair returns above previous range floor at 0.9140, after dip through 0.9100 support found ground at 0.9083, also previous high of 20 Oct and Fib 23.6% of 0.8566/0.9234 ascend. Hourly studies maintain neutral tone for now, but lack of momentum may keep the price action capped under 0.9180, current range ceiling, also 4-hour 20 day SMA. On the downside, loss of initial support at 0.9140 would re-focus 0.9100/0.9083, while clearance of 0.9180/0.9200 is required to signal an end of near-term corrective phase and bring near-term bulls fully in play. Daily structure maintains its bullish stance.

Res: 0.9181, 0.9200, 0.9234, 0.9250
Sup: 0.9140, 0.9100, 0.9083, 0.9059

 

[WindsorBrokers]

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

EUR/USD

Extends the near-term weakness after corrective bounce from 1.3421 stalled at 1.3614. Subsequent slide has nearly fully retraced 1.3421/1.3614 rally, finding near-term support at 1.3429. Current bounce on oversold hourly conditions is seen corrective, as near-term studies remain negative and favor further weakness and retest of key near-term support zone at 1.3421/07, below which only one obstacle at 1.3360 remains ahead of key short-term support at 1.3145, 04 Oct low. Initial barriers at 1.3500/20 zone, 20 day SMA / today’s consolidative range ceiling, are expected to cap.

Res: 1.3494, 1.3500, 1.3535, 1.3555
Sup: 1.3429, 1.3421, 1.3407, 1.3360

GBP/USD

Dips below 1.5690, previous low, to confirm the end of corrective phase that was capped at 1.5887, also Fib 50% of 1.6088/1.5690 descend. Fresh weakness has so far cleared initial support at 1.5630 and dented the next one at 1.5615, Fib 61.8% of 1.5271/1.6164 upleg. Overextended hourly studies may trigger corrective bounce, with 1.5690 now acting as initial barrier, ahead of stronger resistance at 1.5735 zone, where also 20 day SMA currently stands and daily 55 day SMA at 1.5787, that capped the latest rally. Loss of 1.5600 handle to open 1.5541, 12 Oct low, ahead of figure support at 1.5500 and Fib 76.4 at 1.5485.

Res: 1.5658, 1.5690, 1.5717, 1.5735
Sup: 1.5611, 1.5600, 1.5541, 1.5500

USD/JPY

The pair continues to move in a near-term neutral mode, holding under initial barrier at 77.00, but short-term bias skewed to the downside, as the latest weakness broke below daily Ichimoku cloud to test 76.50 support so far. Upside attempts remain capped at 76.93, cloud base / 20 day SMA and while below here, immediate focus stays at 76.50, below which to open series of support levels at 76.30/10/00. Only regain of 77.00/15 would ease current bear pressure and allow for stronger bounce towards 77.50.

Res: 76.93, 77.00, 77.15, 77.50
Sup: 76.81, 76.74, 76.56, 76.30

USD/CHF

Fresh attempt higher from 0.9083, last Friday’s higher low, regained 0.9200 handle, but showing signs of fatigue and dipping to 0.9170, 20 day SMA, after unsuccessful attempt to sustain gains above 0.9200 mark. However, while initial supports at 0.9150/40 hold, scope exists for fresh attempt higher, with clearance of 0.9200 to open 0.9234, previous high, for possible final push towards our targets at 0.9313/38. On the downside, loss of 0.9140 would risk fresh near-term weakness and possible revisit of key supports at 0.9100/0.9083. Hourly studies are losing traction, while 4-hour outlook remains in a neutral / negative mode.

Res: 0.9186, 0.9207, 0.9234, 0.9250
Sup: 0.9155, 0.9140, 0.9100, 0.9083

 

[WindsorBrokers]

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

EUR/USD

Extends the near-term weakness after corrective bounce from 1.3421 stalled at 1.3614. Subsequent slide has nearly fully retraced 1.3421/1.3614 rally, finding near-term support at 1.3429. Current bounce on oversold hourly conditions is seen corrective, as near-term studies remain negative and favor further weakness and retest of key near-term support zone at 1.3421/07, below which only one obstacle at 1.3360 remains ahead of key short-term support at 1.3145, 04 Oct low. Initial barriers at 1.3500/20 zone, 20 day SMA / today’s consolidative range ceiling, are expected to cap.

Res: 1.3494, 1.3500, 1.3535, 1.3555
Sup: 1.3429, 1.3421, 1.3407, 1.3360

GBP/USD

Dips below 1.5690, previous low, to confirm the end of corrective phase that was capped at 1.5887, also Fib 50% of 1.6088/1.5690 descend. Fresh weakness has so far cleared initial support at 1.5630 and dented the next one at 1.5615, Fib 61.8% of 1.5271/1.6164 upleg. Overextended hourly studies may trigger corrective bounce, with 1.5690 now acting as initial barrier, ahead of stronger resistance at 1.5735 zone, where also 20 day SMA currently stands and daily 55 day SMA at 1.5787, that capped the latest rally. Loss of 1.5600 handle to open 1.5541, 12 Oct low, ahead of figure support at 1.5500 and Fib 76.4 at 1.5485.

Res: 1.5658, 1.5690, 1.5717, 1.5735
Sup: 1.5611, 1.5600, 1.5541, 1.5500

USD/JPY

The pair continues to move in a near-term neutral mode, holding under initial barrier at 77.00, but short-term bias skewed to the downside, as the latest weakness broke below daily Ichimoku cloud to test 76.50 support so far. Upside attempts remain capped at 76.93, cloud base / 20 day SMA and while below here, immediate focus stays at 76.50, below which to open series of support levels at 76.30/10/00. Only regain of 77.00/15 would ease current bear pressure and allow for stronger bounce towards 77.50.

Res: 76.93, 77.00, 77.15, 77.50
Sup: 76.81, 76.74, 76.56, 76.30

USD/CHF

Fresh attempt higher from 0.9083, last Friday’s higher low, regained 0.9200 handle, but showing signs of fatigue and dipping to 0.9170, 20 day SMA, after unsuccessful attempt to sustain gains above 0.9200 mark. However, while initial supports at 0.9150/40 hold, scope exists for fresh attempt higher, with clearance of 0.9200 to open 0.9234, previous high, for possible final push towards our targets at 0.9313/38. On the downside, loss of 0.9140 would risk fresh near-term weakness and possible revisit of key supports at 0.9100/0.9083. Hourly studies are losing traction, while 4-hour outlook remains in a neutral / negative mode.

Res: 0.9186, 0.9207, 0.9234, 0.9250
Sup: 0.9155, 0.9140, 0.9100, 0.9083

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:40 GMT)

EUR/USD

Remains in near-term sideways trading, with 1.34 zone offering good support for now, as yesterday’s weakness was contained just above 1.3421 low. Downside pressure, however, persists, as near-term studies continue to point lower and daily structure showing bears firmly in play. Strong resistance lies at 1.3540/50, previous highs zone, ahead of main bear trendline at 1.3565. Downside break below 1.3421 and 1.3407, weekly Ichimoku cloud base that has contained this year’s dips, would open fresh bear leg and focus initial support at 1.3360, ahead of possible stretch towards key short-term support at 1.3145, 02 Oct low. On the upside, break above the trendline and recent range ceiling at 1.3600 zone would provide near-term relief.

Res: 1.3539, 1.3555, 1.3565, 1.3600
Sup: 1.3468, 1.3429, 1.3421, 1.3407

GBP/USD

Near-term price action attempts to base above 1.5600 mark, after yesterday’s sharp decline through 1.5690/30 supports was contained at 1.5611, Fib 61.8% of 1.5271/1.6164 ascend. Four-hour studies are emerging out of oversold territory and fresh strength attempting through initial resistance zone at 1.5672/90, to pick up stronger gains towards next barriers at 1.5740 area, 18 Nov low / 20 day SMA. Near-term structure, however, remains negative, with the latest bounce seen corrective ahead of fresh weakness and below 1.5600 to open 1.5541, 12 Oct low, then 1.5500. Only regain of 1.5870/90 resistance zone would turn short-term focus higher.

Res: 1.5672, 1.5690, 1.5717, 1.5735
Sup: 1.5618, 1.5611, 1.5600, 1.5541

USD/JPY

Turns the near-term outlook positive after recovery from 76.56, 18 Nov fresh low, regained 77.00 handle and spiked to 77.31 overnight. Hourly studies maintain positive tone and 4-hour indicators emerging above the midlines, seeing potential for fresh push higher, with regain of 76.31/50 barriers required to signal stronger recovery. On the downside, break below 77.00/76.85 support zone, would weaken the tone and possibly re-focus 76.56 low.

Res: 77.08, 77.15, 77.31, 77.50
Sup: 76.85, 76.74, 76.56, 76.30

USD/CHF

Continues to consolidate the short-term upleg that peaked at 0.9234 on 17 Nov. Near-term studies are still under pressure, as the pair struggles to clear initial barrier at 0.9200. Wider picture’s outlook, however, remains positive, with 0.9083, key near-term support, expected to hold, to keep the focus higher for retest of 0.9234, above which to open targets at 0.9313/38. Loss of 0.9083 would put short-term bulls on hold in favor of stronger correction towards 0.9000 initially.

Res: 0.9184, 0.9207, 0.9234, 0.9250
Sup: 0.9140, 0.9100, 0.9083, 0.9000

 

[WindsorBrokers]

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

EUR/USD

Remains in near-term sideways trading, with 1.34 zone offering good support for now, as yesterday’s weakness was contained just above 1.3421 low. Downside pressure, however, persists, as near-term studies continue to point lower and daily structure showing bears firmly in play. Strong resistance lies at 1.3540/50, previous highs zone, ahead of main bear trendline at 1.3565. Downside break below 1.3421 and 1.3407, weekly Ichimoku cloud base that has contained this year’s dips, would open fresh bear leg and focus initial support at 1.3360, ahead of possible stretch towards key short-term support at 1.3145, 02 Oct low. On the upside, break above the trendline and recent range ceiling at 1.3600 zone would provide near-term relief.

Res: 1.3539, 1.3555, 1.3565, 1.3600
Sup: 1.3468, 1.3429, 1.3421, 1.3407

GBP/USD

Near-term price action attempts to base above 1.5600 mark, after yesterday’s sharp decline through 1.5690/30 supports was contained at 1.5611, Fib 61.8% of 1.5271/1.6164 ascend. Four-hour studies are emerging out of oversold territory and fresh strength attempting through initial resistance zone at 1.5672/90, to pick up stronger gains towards next barriers at 1.5740 area, 18 Nov low / 20 day SMA. Near-term structure, however, remains negative, with the latest bounce seen corrective ahead of fresh weakness and below 1.5600 to open 1.5541, 12 Oct low, then 1.5500. Only regain of 1.5870/90 resistance zone would turn short-term focus higher.

Res: 1.5672, 1.5690, 1.5717, 1.5735
Sup: 1.5618, 1.5611, 1.5600, 1.5541

USD/JPY

Turns the near-term outlook positive after recovery from 76.56, 18 Nov fresh low, regained 77.00 handle and spiked to 77.31 overnight. Hourly studies maintain positive tone and 4-hour indicators emerging above the midlines, seeing potential for fresh push higher, with regain of 76.31/50 barriers required to signal stronger recovery. On the downside, break below 77.00/76.85 support zone, would weaken the tone and possibly re-focus 76.56 low.

Res: 77.08, 77.15, 77.31, 77.50
Sup: 76.85, 76.74, 76.56, 76.30

USD/CHF

Continues to consolidate the short-term upleg that peaked at 0.9234 on 17 Nov. Near-term studies are still under pressure, as the pair struggles to clear initial barrier at 0.9200. Wider picture’s outlook, however, remains positive, with 0.9083, key near-term support, expected to hold, to keep the focus higher for retest of 0.9234, above which to open targets at 0.9313/38. Loss of 0.9083 would put short-term bulls on hold in favor of stronger correction towards 0.9000 initially.

Res: 0.9184, 0.9207, 0.9234, 0.9250
Sup: 0.9140, 0.9100, 0.9083, 0.9000

 

[WindsorBrokers]

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

EUR/USD

Eases back to 1.3500 level after today’s false break through main bear-trendline off 1.4246 was capped near Fib 38.2% of 1.4246/1.3421 at 1.3570. Initial positive tone on hourly chart is losing momentum, with downside risk at 1.3468, today’s higher low, loss of which to focus 1.3430, bull trendline off 1.3145 and 1.3421, 17 Nov low. Wider picture maintains neutral/negative tone, with current price action moving around 20 day SMA and indicators at their midlines, as shown oh 4-hour chart. Immediate resistance at 1.3555/70 zone, caps the near-term structure.

Res: 1.3539, 1.3555, 1.3565, 1.3600
Sup: 1.3482, 1.3468, 1.3430, 1.3421

GBP/USD

Recovery attempt failure at initial resistance at 1.5690, resulted in break below the near-term consolidative range floor and Fib 61.8% at 1.5611 and loss 1.5600 handle, to resume short-term bear-phase from 1.6164. Fresh extension lower reached 1.5581 so far, ahead of our next target at 1.5541, 12 Oct low. Hourly MACD is breaking below the signal line, suggesting further decline, while today’s high at 1.5690 should limit corrective action, as near-term studies enter oversold territory.

Res: 1.5620, 1.5678, 1.5690, 1.5717
Sup: 1.5581, 1.5541, 1.5500, 1.5483

USD/JPY

Regains 77.00 handle after quickly erasing overnight’s gains through 77.00 that spiked to 77.31. Near-term support was found at 76.80, keeping 76.56 low protected for now, however, weakening hourly studies may prevent the pair to revisit 77.31, today’s high. Break of either today’s extreme point would define the near-term price action. Daily chart’s studies are breaking below the midlines and favor further weakness whilev20 day SMA at 77.30 limits the upside.

Res: 77.12, 77.31, 77.50, 77.86
Sup: 76.80, 76.74, 76.56, 76.30

USD/CHF

Holds the near-term weak tone after losses found footstep at 0.9105 but bounce higher was capped by 20 day SMA at 0.9155. Negative hourly studies keep the near-term supports at 0.9100/0.9083 vulnerable, with potential break below 0.9083, also Fib 23.6% of 0.8566/0.9234 upleg, to signal stronger correction towards psychological support at 0.9000 and Fib 38.2% at 0.8980. Reversal above 0.9100, however, would keep hopes of fresh rally in play, as daily chart’s outlook remains bullish, with regain of minimum 0.9160/70 zone required to improve the near-term tone. Clearance of 0.9200 is required to re-focus 0.9234, previous high.

Res: 0.9158, 0.9184, 0.9207, 0.9234
Sup: 0.9105, 0.9083, 0.9000, 0.8980

 

[WindsorBrokers]

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

EUR/USD

Eases back to 1.3500 level after today’s false break through main bear-trendline off 1.4246 was capped near Fib 38.2% of 1.4246/1.3421 at 1.3570. Initial positive tone on hourly chart is losing momentum, with downside risk at 1.3468, today’s higher low, loss of which to focus 1.3430, bull trendline off 1.3145 and 1.3421, 17 Nov low. Wider picture maintains neutral/negative tone, with current price action moving around 20 day SMA and indicators at their midlines, as shown oh 4-hour chart. Immediate resistance at 1.3555/70 zone, caps the near-term structure.

Res: 1.3539, 1.3555, 1.3565, 1.3600
Sup: 1.3482, 1.3468, 1.3430, 1.3421

GBP/USD

Recovery attempt failure at initial resistance at 1.5690, resulted in break below the near-term consolidative range floor and Fib 61.8% at 1.5611 and loss 1.5600 handle, to resume short-term bear-phase from 1.6164. Fresh extension lower reached 1.5581 so far, ahead of our next target at 1.5541, 12 Oct low. Hourly MACD is breaking below the signal line, suggesting further decline, while today’s high at 1.5690 should limit corrective action, as near-term studies enter oversold territory.

Res: 1.5620, 1.5678, 1.5690, 1.5717
Sup: 1.5581, 1.5541, 1.5500, 1.5483

USD/JPY

Regains 77.00 handle after quickly erasing overnight’s gains through 77.00 that spiked to 77.31. Near-term support was found at 76.80, keeping 76.56 low protected for now, however, weakening hourly studies may prevent the pair to revisit 77.31, today’s high. Break of either today’s extreme point would define the near-term price action. Daily chart’s studies are breaking below the midlines and favor further weakness whilev20 day SMA at 77.30 limits the upside.

Res: 77.12, 77.31, 77.50, 77.86
Sup: 76.80, 76.74, 76.56, 76.30

USD/CHF

Holds the near-term weak tone after losses found footstep at 0.9105 but bounce higher was capped by 20 day SMA at 0.9155. Negative hourly studies keep the near-term supports at 0.9100/0.9083 vulnerable, with potential break below 0.9083, also Fib 23.6% of 0.8566/0.9234 upleg, to signal stronger correction towards psychological support at 0.9000 and Fib 38.2% at 0.8980. Reversal above 0.9100, however, would keep hopes of fresh rally in play, as daily chart’s outlook remains bullish, with regain of minimum 0.9160/70 zone required to improve the near-term tone. Clearance of 0.9200 is required to re-focus 0.9234, previous high.

Res: 0.9158, 0.9184, 0.9207, 0.9234
Sup: 0.9105, 0.9083, 0.9000, 0.8980