Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

Continues to weaken, as upside failure to regain 1.3600 handle, triggered fresh sell-off that was accelerated by US jobs data, with further pressure coming from negative fundamentals regarding the Eurozone credit-rating. The pair has lost strong support at 1.3370/60 zone and so far retraced 61.8% of recovery phase from 1.3211, 25 Nov low. As negative hourly studies continue to favor further losses, immediate focus comes on 1.3320/00, bull trendline off 1.3211/ figure support, below which would re-focus 1.3211 and possibly look for extension of broader downtrend. Oversold hourly conditions may provide temporary relief in corrective bounce, with 1.3400/20 offering initial resistance and 1.3485 expected to cap for now. Only lift above 1.3500 would delay bears.

Res: 1.3384, 1.3400, 1.3420, 1.3487
Sup: 1.3320, 1.3300, 1.3273, 1.3211

GBP/USD

Remains in a negative near-term mode from 1.5777, 30 Nov high, as reversal has so far retraced over 50% of initial 1.5422/1.5777 recovery rally. Basing attempt under 1.5600 and subsequent bounce, failed to sustain gains, with fresh weakness underway, threatening 1.5576, last Friday’s low, as the pair broke under bull trendline off 1.5422 low. Hourly studies are back into negative territory, with price action holding below hourly 20 day SMA and keeping the downside in focus. Loss of 1.5576 to open 1.5558, Fib 61.8% and possibly signal an end of corrective phase, with break below 1.55/2500 to confirm. On the upside, 1.5650 zone offers initial resistance, while only clearance of 1.5700 barrier would improve the near-term outlook.

Res: 1.5641, 1.5650, 1.5700, 1.5714
Sup: 1.5586, 1.5576, 1.5558, 1.5525

USD/JPY

Near-term outlook remains weak, as the pair failed to clear important 78.00 barrier. Subsequent reversal is attempting to stabilize at 77.80/70 zone, just above bull trendline drawn off 76.56 low that may keep hopes of fresh gains through 78.00 alive. Negative hourly studies, however, keep the downside pressure, with loss of 77.60, trendline support and Fib 50% of end of Oct post-intervention rally, to further weaken the structure and expose 77.28 and 77.00 supports. On the upside, regain of 78.00/14 is required to signal fresh strength ahead and open 78.27/44 next.

Res: 77.85, 78.00, 78.14, 78.27
Sup: 77.67, 77.50, 77.28, 77.00

USD/CHF

Remains in stable near-term uptrend off 0.9064/69 lows of 30Oct / 01 Dec, where a higher base was formed. Clearance of 0.9200 barrier and previous highs at 0.9239/49, has so far reached levels just under 0.9300 barrier. Overbought hourly conditions, however, may delay rally, with dips to be contained above 0.9200 handle. Near-term studies remain in a positive territory and favor retest of 0.9313/28 peaks, above which to open fresh leg higher and expose 0.9400 initially.

Res: 0.9294, 0.9300, 0.9313, 0.9328
Sup: 0.9249, 0.9239, 0.9200, 0.9189

 

[WindsorBrokers]

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

EUR/USD

Continues to weaken, as upside failure to regain 1.3600 handle, triggered fresh sell-off that was accelerated by US jobs data, with further pressure coming from negative fundamentals regarding the Eurozone credit-rating. The pair has lost strong support at 1.3370/60 zone and so far retraced 61.8% of recovery phase from 1.3211, 25 Nov low. As negative hourly studies continue to favor further losses, immediate focus comes on 1.3320/00, bull trendline off 1.3211/ figure support, below which would re-focus 1.3211 and possibly look for extension of broader downtrend. Oversold hourly conditions may provide temporary relief in corrective bounce, with 1.3400/20 offering initial resistance and 1.3485 expected to cap for now. Only lift above 1.3500 would delay bears.

Res: 1.3384, 1.3400, 1.3420, 1.3487
Sup: 1.3320, 1.3300, 1.3273, 1.3211

GBP/USD

Remains in a negative near-term mode from 1.5777, 30 Nov high, as reversal has so far retraced over 50% of initial 1.5422/1.5777 recovery rally. Basing attempt under 1.5600 and subsequent bounce, failed to sustain gains, with fresh weakness underway, threatening 1.5576, last Friday’s low, as the pair broke under bull trendline off 1.5422 low. Hourly studies are back into negative territory, with price action holding below hourly 20 day SMA and keeping the downside in focus. Loss of 1.5576 to open 1.5558, Fib 61.8% and possibly signal an end of corrective phase, with break below 1.55/2500 to confirm. On the upside, 1.5650 zone offers initial resistance, while only clearance of 1.5700 barrier would improve the near-term outlook.

Res: 1.5641, 1.5650, 1.5700, 1.5714
Sup: 1.5586, 1.5576, 1.5558, 1.5525

USD/JPY

Near-term outlook remains weak, as the pair failed to clear important 78.00 barrier. Subsequent reversal is attempting to stabilize at 77.80/70 zone, just above bull trendline drawn off 76.56 low that may keep hopes of fresh gains through 78.00 alive. Negative hourly studies, however, keep the downside pressure, with loss of 77.60, trendline support and Fib 50% of end of Oct post-intervention rally, to further weaken the structure and expose 77.28 and 77.00 supports. On the upside, regain of 78.00/14 is required to signal fresh strength ahead and open 78.27/44 next.

Res: 77.85, 78.00, 78.14, 78.27
Sup: 77.67, 77.50, 77.28, 77.00

USD/CHF

Remains in stable near-term uptrend off 0.9064/69 lows of 30Oct / 01 Dec, where a higher base was formed. Clearance of 0.9200 barrier and previous highs at 0.9239/49, has so far reached levels just under 0.9300 barrier. Overbought hourly conditions, however, may delay rally, with dips to be contained above 0.9200 handle. Near-term studies remain in a positive territory and favor retest of 0.9313/28 peaks, above which to open fresh leg higher and expose 0.9400 initially.

Res: 0.9294, 0.9300, 0.9313, 0.9328
Sup: 0.9249, 0.9239, 0.9200, 0.9189

 

[WindsorBrokers]

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

EUR/USD

Remains under pressure, as recovery attempt from today’s low at 1.3332, was capped at 1.3426, initial resistance zone. Fresh weakness is testing previous support at 1.3360, with 1.3332/29, day’s low / main short-term bull trendline in focus, as the hourly structure is losing momentum. The near-term price action is limited within the asymmetric triangle, with the upper boundary at 1.3430, limiting the upside for now.

Res: 1.3384, 1.3400, 1.3420, 1.3487
Sup: 1.3360, 1.3330, 1.3300, 1.3273

GBP/USD

The near-term bias remains skewed to the downside while broken bull trendline off 1.5422 low caps corrective attempts. Hourly studies are below their midlines, suggesting further extension of the short-term reversal from 1.5777, 30 Nov high. Initial support zone at 1.5600/1.5575, holds for now, however, weakening 4H conditions see scope for break lower to expose next array of supports at 1.5557, Fibonacci 61.8% and 1.5525/00. Today’s high at 1.5663 and bear trendline at 1.5687, keep the upside capped for now.

Res: 1.5641, 1.5663, 1.5700, 1.5714
Sup: 1.5586, 1.5576, 1.5558, 1.5525

USD/JPY

Moves in a narrow range after dip to 77.62, day’s low, tested main bull trendline of 76.56, with mild recovery so far unable to regain momentum. While below 78.00 barrier, weak tone is expected to persist, with potential break below trendline support and Fibonacci 50% level at 77.60, to trigger further weakness and expose 77.28, possibly 77.00 on a break. Only clear break above 78.00 would improve near-term structure and re-focus recent highs at 78.27/44.

Res: 77.85, 78.00, 78.14, 78.27
Sup: 77.62, 77.50, 77.28, 77.00

USD/CHF

Today’s corrective dip off day’s fresh high at 0.9294, was contained by hourly 20 day SMA at levels just above our initial support at 0.9200. Fresh gains are en-route to 0.9300 barrier, above which to look for retest of 0.9313/28 peaks and resume broader uptrend. Near-term studies remain supportive and only loss of strong support at 0.9200, also bull trendline off 0.9069 double bottom, would weaken near-term structure.

Res: 0.9285, 0.9294, 0.9300, 0.9313
Sup: 0.9242, 0.9215, 0.9200, 0.9164

 

[WindsorBrokers]

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

EUR/USD

Remains under pressure, as recovery attempt from today’s low at 1.3332, was capped at 1.3426, initial resistance zone. Fresh weakness is testing previous support at 1.3360, with 1.3332/29, day’s low / main short-term bull trendline in focus, as the hourly structure is losing momentum. The near-term price action is limited within the asymmetric triangle, with the upper boundary at 1.3430, limiting the upside for now.

Res: 1.3384, 1.3400, 1.3420, 1.3487
Sup: 1.3360, 1.3330, 1.3300, 1.3273

GBP/USD

The near-term bias remains skewed to the downside while broken bull trendline off 1.5422 low caps corrective attempts. Hourly studies are below their midlines, suggesting further extension of the short-term reversal from 1.5777, 30 Nov high. Initial support zone at 1.5600/1.5575, holds for now, however, weakening 4H conditions see scope for break lower to expose next array of supports at 1.5557, Fibonacci 61.8% and 1.5525/00. Today’s high at 1.5663 and bear trendline at 1.5687, keep the upside capped for now.

Res: 1.5641, 1.5663, 1.5700, 1.5714
Sup: 1.5586, 1.5576, 1.5558, 1.5525

USD/JPY

Moves in a narrow range after dip to 77.62, day’s low, tested main bull trendline of 76.56, with mild recovery so far unable to regain momentum. While below 78.00 barrier, weak tone is expected to persist, with potential break below trendline support and Fibonacci 50% level at 77.60, to trigger further weakness and expose 77.28, possibly 77.00 on a break. Only clear break above 78.00 would improve near-term structure and re-focus recent highs at 78.27/44.

Res: 77.85, 78.00, 78.14, 78.27
Sup: 77.62, 77.50, 77.28, 77.00

USD/CHF

Today’s corrective dip off day’s fresh high at 0.9294, was contained by hourly 20 day SMA at levels just above our initial support at 0.9200. Fresh gains are en-route to 0.9300 barrier, above which to look for retest of 0.9313/28 peaks and resume broader uptrend. Near-term studies remain supportive and only loss of strong support at 0.9200, also bull trendline off 0.9069 double bottom, would weaken near-term structure.

Res: 0.9285, 0.9294, 0.9300, 0.9313
Sup: 0.9242, 0.9215, 0.9200, 0.9164

 

[WindsorBrokers]

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

EUR/USD

Recovery attempt from 1.3332, yesterday’s low, stalled at 1.3454, en-route to 1.3485, with subsequent reversal accelerating decline on pessimistic news from Germany. The pair has so far erased over 76.4% of 1.3332/1.3454 rally, losing 1.3360 support, the last barrier before retest of 1.3332, near Fib 61.8% of 1.3211/1.3547 upleg, also triangle support. Break here to confirm lower top and extend near-term downtrend off 1.5777 high. Hourly studies favor further weakness, with figure support at 1.3300 to come on break below 1.3332. On the upside, 20 day SMA, now pointing lower, maintains the weakness, while 1.3443/54, bear-trendline / day’s high, cap for now.

Res: 1.3400, 1.3426, 1.3453, 1.3485
Sup: 1.3332, 1.3300, 1.3273, 1.3258

GBP/USD

Maintains near-term positive tone off 1.5560, yesterday’s low, as the pair breaks through 1.5640 congestion, to probe above bear-trendline off 1.5777 high. While downside remains protected at 1.5600 zone, today’s lows / triangle support, scope exists for fresh extension through trendline resistance and possible test of 1.5715/25, 05/02 Dec highs, as near-term studies are emerging out of the negative territory. Regain of levels above 1.5700 mark, would signal higher low at 1.5560, with regain 1.5777, required to confirm. On the downside, loss of 1.5600/1.5575, support band, would be bearish.

Res: 1.5669, 1.5700, 1.5715, 1.5725
Sup: 1.5640, 1.5600, 1.5576, 1.5560

USD/JPY

Near-term price action gets entrenched in a narrow range, moving in directionless mode. While 77.60/50 supports stay intact, there are hopes of fresh attempt towards 78.00/10, bear-trendline / 05 Dec high, as fresh momentum emerges on hourly chart. Clearance of initial barriers at 77.80, range ceiling / 20 day SMA, is required to open way for test of 78.00 zone. Loss of 77.50, Fibonacci support, however, would signal and extension of bear-leg from 78.10.

Res: 77.85, 78.00, 78.14, 78.27
Sup: 77.61, 77.50, 77.28, 77.00

USD/CHF

The near-term price action shows the pair well bid but hesitating under initial barrier at 0.9300, as repeated attempts higher failed at 0.9294/86. Hourly studies are above their midlines, keeping the near-term focus at 0.9300 and key barriers at 0.9313/28, with 0.9235/00 support band, expected to hold and keep immediate bulls intact.

Res: 0.9286, 0.9294, 0.9300, 0.9313
Sup: 0.9235, 0.9225, 0.9215, 0.9200

 

[WindsorBrokers]

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

EUR/USD

Recovery attempt from 1.3332, yesterday’s low, stalled at 1.3454, en-route to 1.3485, with subsequent reversal accelerating decline on pessimistic news from Germany. The pair has so far erased over 76.4% of 1.3332/1.3454 rally, losing 1.3360 support, the last barrier before retest of 1.3332, near Fib 61.8% of 1.3211/1.3547 upleg, also triangle support. Break here to confirm lower top and extend near-term downtrend off 1.5777 high. Hourly studies favor further weakness, with figure support at 1.3300 to come on break below 1.3332. On the upside, 20 day SMA, now pointing lower, maintains the weakness, while 1.3443/54, bear-trendline / day’s high, cap for now.

Res: 1.3400, 1.3426, 1.3453, 1.3485
Sup: 1.3332, 1.3300, 1.3273, 1.3258

GBP/USD

Maintains near-term positive tone off 1.5560, yesterday’s low, as the pair breaks through 1.5640 congestion, to probe above bear-trendline off 1.5777 high. While downside remains protected at 1.5600 zone, today’s lows / triangle support, scope exists for fresh extension through trendline resistance and possible test of 1.5715/25, 05/02 Dec highs, as near-term studies are emerging out of the negative territory. Regain of levels above 1.5700 mark, would signal higher low at 1.5560, with regain 1.5777, required to confirm. On the downside, loss of 1.5600/1.5575, support band, would be bearish.

Res: 1.5669, 1.5700, 1.5715, 1.5725
Sup: 1.5640, 1.5600, 1.5576, 1.5560

USD/JPY

Near-term price action gets entrenched in a narrow range, moving in directionless mode. While 77.60/50 supports stay intact, there are hopes of fresh attempt towards 78.00/10, bear-trendline / 05 Dec high, as fresh momentum emerges on hourly chart. Clearance of initial barriers at 77.80, range ceiling / 20 day SMA, is required to open way for test of 78.00 zone. Loss of 77.50, Fibonacci support, however, would signal and extension of bear-leg from 78.10.

Res: 77.85, 78.00, 78.14, 78.27
Sup: 77.61, 77.50, 77.28, 77.00

USD/CHF

The near-term price action shows the pair well bid but hesitating under initial barrier at 0.9300, as repeated attempts higher failed at 0.9294/86. Hourly studies are above their midlines, keeping the near-term focus at 0.9300 and key barriers at 0.9313/28, with 0.9235/00 support band, expected to hold and keep immediate bulls intact.

Res: 0.9286, 0.9294, 0.9300, 0.9313
Sup: 0.9235, 0.9225, 0.9215, 0.9200

 

[WindsorBrokers]

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

EUR/USD

Remains steady and moving within a narrow range around 1.3400 handle, as bull trendline from 1.3211 low, contained yesterday’s slide at 1.3350. Focus is again on fundamentals, with today’s ECB rate decision coming ahead of EU summit, with decisions expected to be the main driver of the market. Hourly studies are on neutral/positive mode, as the pair attempts through initial barrier at 1.3425, triangle resistance / recent range highs, above which to open strong barriers at 1.3453/85. Downside remains protected at 1.3360/50 zone and while holding above here, near-term positive tone remains in play.

Res: 1.3425, 1.3453, 1.3485, 1.3500
Sup: 1.3400, 1.3390, 1.3360, 1.3350

GBP/USD

Yesterday’s strong rally from 1.5575/90 base, broke above the triangle resistance, to extend gains above 1.5700 and test 1.5720, strong resistance zone. The pair now trades in a near-term consolidative mode, with positive near-term studies setting scope for fresh extension higher and test of 1.5754, 01 Dec high and key barrier at 1.5777, 30 Nov high. Immediate support lies at 1.5690, 20 day SMA / consolidation floor, ahead of 1.5670/60.

Res: 1.5720, 1.5754, 1.5777, 1.5800
Sup: 1.5690, 1.5670, 1.5660, 1.5640

USD/JPY

Maintains near-term negative tone, as steady 3-day decline shows succession of lower lows, keeping the focus at the downside. Hourly studies below midlines, favor further weakness, as the pair attempts through key short-term supports at 77.60/50, below which to open 77.28, 30 Nov low, possibly 77.00 on a break. 20-day SMA on 4H chart at 77.75, maintains weak tone, while main bear-trendline off 78.27 high, caps the upside for now at 78.00.

Res: 77.70, 77.85, 78.00, 78.14
Sup: 77.50, 77.28, 77.00, 76.80

USD/CHF

Continues to move sideways after the upside rejections just under 0.9300 barrier, with downside being protected above 0.9200 handle so far. Risk of further easing exists, as hourly studies are weakening, with loss of immediate supports at 0.9225/00, also Fib 38.2% of 0.9069/0.9294, to trigger fresh leg lower and open next supports at 0.9180, Fib 50% and 0.9165, 05 Dec low. On the upside, 0.9250, today’s high / 20 day SMA, offers initial resistance, ahead of key barriers at 0.9294/0.9300.

Res: 0.9250, 0.9286, 0.9294, 0.9300
Sup: 0.9225, 0.9215, 0.9200, 0.9180

 

[WindsorBrokers]

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

EUR/USD

Remains steady and moving within a narrow range around 1.3400 handle, as bull trendline from 1.3211 low, contained yesterday’s slide at 1.3350. Focus is again on fundamentals, with today’s ECB rate decision coming ahead of EU summit, with decisions expected to be the main driver of the market. Hourly studies are on neutral/positive mode, as the pair attempts through initial barrier at 1.3425, triangle resistance / recent range highs, above which to open strong barriers at 1.3453/85. Downside remains protected at 1.3360/50 zone and while holding above here, near-term positive tone remains in play.

Res: 1.3425, 1.3453, 1.3485, 1.3500
Sup: 1.3400, 1.3390, 1.3360, 1.3350

GBP/USD

Yesterday’s strong rally from 1.5575/90 base, broke above the triangle resistance, to extend gains above 1.5700 and test 1.5720, strong resistance zone. The pair now trades in a near-term consolidative mode, with positive near-term studies setting scope for fresh extension higher and test of 1.5754, 01 Dec high and key barrier at 1.5777, 30 Nov high. Immediate support lies at 1.5690, 20 day SMA / consolidation floor, ahead of 1.5670/60.

Res: 1.5720, 1.5754, 1.5777, 1.5800
Sup: 1.5690, 1.5670, 1.5660, 1.5640

USD/JPY

Maintains near-term negative tone, as steady 3-day decline shows succession of lower lows, keeping the focus at the downside. Hourly studies below midlines, favor further weakness, as the pair attempts through key short-term supports at 77.60/50, below which to open 77.28, 30 Nov low, possibly 77.00 on a break. 20-day SMA on 4H chart at 77.75, maintains weak tone, while main bear-trendline off 78.27 high, caps the upside for now at 78.00.

Res: 77.70, 77.85, 78.00, 78.14
Sup: 77.50, 77.28, 77.00, 76.80

USD/CHF

Continues to move sideways after the upside rejections just under 0.9300 barrier, with downside being protected above 0.9200 handle so far. Risk of further easing exists, as hourly studies are weakening, with loss of immediate supports at 0.9225/00, also Fib 38.2% of 0.9069/0.9294, to trigger fresh leg lower and open next supports at 0.9180, Fib 50% and 0.9165, 05 Dec low. On the upside, 0.9250, today’s high / 20 day SMA, offers initial resistance, ahead of key barriers at 0.9294/0.9300.

Res: 0.9250, 0.9286, 0.9294, 0.9300
Sup: 0.9225, 0.9215, 0.9200, 0.9180

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:30 GMT)

EUR/USD

Yesterday’s fresh slide from 1.3450 zone, that capped near-term price action, confirms short-term bearish structure, as brief break above trendline resistance was short-lived. Loss of 1.3332/00 supports, extended losses to 1.3290 support initially, with following recovery attempt being capped under 1.3400 barrier. Fresh weakness is under way, with break below 1.3290 to look for test of 1.3260, the last barrier ahead of 1.3211, 25 Nov low, loss of which to expose 1.3145, key med-term support. Near-term studies are firmly in the negative territory, however, oversold conditions risk corrective bounce. Strong barrier at 1.3370/90 zone, overnight’s high / 4H 20 day SMA / main bear trendline, is expected to cap.

Res: 1.3332, 1.3350, 1.3370, 1.3390
Sup: 1.3280, 1.3260, 1.3211, 1.3200

GBP/USD

Sharp reversal to the 1.5600/1.5590 base followed past two days strong rally that ran out of steam just ahead of key short-term barrier at 1.5777, 30 Nov peak. This weakens the near-term structure, as the pair breaks below bull trendline off 1.5422 low. The key near-term support at 1.5560 comes under pressure, with break here to signal double top, seen on 4H chart and possibly trigger fresh weakness towards 1.5525/00 supports. Negative hourly studies favor such scenario, however, rejection above 1.5560, would hold the pair within one-week range and delay immediate bears.

Res: 1.5610, 1.5655, 1.5670, 1.5690
Sup: 1.5584, 1.5560, 1.5525, 1.5500

USD/JPY

Near-term structure regains the strength after yesterday’s slide through 77.28, 30 Nov low, found support at 77.10, with subsequent sharp rally returned back to 77.60/70 range. Hourly studies are regaining momentum and setting scope for fresh gains and test of key barrier at 78.00, also main bear-trendline, drawn off 78.27 high, with break higher to confirm and end of near-term bear-phase and expose 78.10/27 resistances for test. On the downside, 77.50 offers strong support and break below here would weaken the near-term structure again.

Res: 77.75, 77.85, 78.00, 78.14
Sup: 77.50, 77.28, 77.10, 77.00

USD/CHF

Remains within 3 day range, as the upside stays capped below 0.9300 and 0.9200 support contains dips, despite yesterday’s spike to 0.9174. Near-term studies keep positive tone, however, clearance of 0.9300 barrier is required to confirm. Otherwise, risk would be on attack at 0.9200, as bear-trendline off 0.9327 high limits gains for now. Above 0.9300 to open 0.9313/27 highs, while below 0.9200, also Fib 38.2% of 0.9069/0.9294, to risk extension to 0.9174/55 initially.

Res: 0.9282, 0.9294, 0.9300, 0.9313
Sup: 0.9236, 0.9215, 0.9200, 0.9174

 

[WindsorBrokers]

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

EUR/USD

Past week’s price action shows the pair in a steady downtrend, moving within the bear channel off 1.3547, 02 Dec high. The recent rather pessimistic news from EU, keep the investors cautious that keeps the downside pressure. Overnights movements were limited under 1.3400, with initial support at 1.3300/1.3280 staying intact for now, despite negative hourly studies. Near-term focus, however, remains at the downside, with session’s low at 1.3333 coming first, ahead of 1.3300/1.3280 and 1.3258, channel support / 30 Nov low, loss of which to re-attract main near-term support at 1.3211 and main bull trendline at 1.3200. overnight’s high at 1.3380 and daily 20 day SMA that capped during the past week, offer initial barriers, ahead of 1.3420, channel resistance, ahead of 1.3432/58, 09/08 Dec spike highs.

Res: 1.3356, 1.3380, 1.3390, 1.3400
Sup: 1.3333, 1.3316, 1.3300, 1.3280

GBP/USD

Continues to trade sideways, with price action entrenched within 1.5777/1.5560 range. Near-term studies hold neutral tone, however, daily outlook remains negative, as a part of broader downtrend from 1.6164, 31 Oct high, with 55 day SMA, limiting gains for now. Loss of initial support at 1.5600 puts pressure at 1.5584, last Friday’s low and 1.5560, 06 Dec low and range floor, loss of which to signal and end of consolidative phase and expose next array of supports at 1.5525/00. Hourly studies below their midlines and 20 day SMA pointing lower, favor such scenario. Only break above 1.5664, Friday’s intraday high, would ease bear pressure, however, regain of 1.5700 handle is required to avert immediate downside risk.

Res: 1.5635, 1.5655, 1.5664, 1.5700
Sup: 1.5584, 1.5560, 1.5525, 1.5500

USD/JPY

Series of lower highs maintain short-term downtrend from 78.27, 29 Nov high, as the near-term recovery attempt from 77.12, 08 Dec spike low, remains capped at 77.80, just under cannel resistance, currently at 77.87. Hourly structure shows the pair in a directionless motion, holding within 30 pips range, with break of either side to define near-term direction. Daily structure, however, remains positive as long as 55 day SMA holds the downside. Immediate support lies at 77.48, Friday’s low, ahead of 77.28/12 lows, below which to resume broader downtrend. Upside clearance of 77.80, range ceiling opens 78.00 next, ahead of 78.10/27 barriers.

Res: 77.66, 77.78, 77.87, 78.00
Sup: 77.57, 77.48, 77.28, 77.10

USD/CHF

Near-term focus remains at the upside, as the pair breaks above bear-trendline off 0.9328, in attempt to clear strong barrier at 0.9300 that was capping the upside attempts in a past couple of day. Break here to signal an end of near-term range trade phase and expose next barriers at 0.9313 and 0.9328, 06 Oct / 25 Nov highs. Hourly studies are positive and favor fresh rally, with 20 day SMA underpinning the action at 0.9250. Only loss of 0.9200 handle would be bearish.

Res: 0.9300, 0.9313, 0.9328, 0.9338
Sup: 0.9260, 0.9233, 0.9215, 0.9200

 

[WindsorBrokers]

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

EUR/USD

Past week’s price action shows the pair in a steady downtrend, moving within the bear channel off 1.3547, 02 Dec high. The recent rather pessimistic news from EU, keep the investors cautious that keeps the downside pressure. Overnights movements were limited under 1.3400, with initial support at 1.3300/1.3280 staying intact for now, despite negative hourly studies. Near-term focus, however, remains at the downside, with session’s low at 1.3333 coming first, ahead of 1.3300/1.3280 and 1.3258, channel support / 30 Nov low, loss of which to re-attract main near-term support at 1.3211 and main bull trendline at 1.3200. overnight’s high at 1.3380 and daily 20 day SMA that capped during the past week, offer initial barriers, ahead of 1.3420, channel resistance, ahead of 1.3432/58, 09/08 Dec spike highs.

Res: 1.3356, 1.3380, 1.3390, 1.3400
Sup: 1.3333, 1.3316, 1.3300, 1.3280

GBP/USD

Continues to trade sideways, with price action entrenched within 1.5777/1.5560 range. Near-term studies hold neutral tone, however, daily outlook remains negative, as a part of broader downtrend from 1.6164, 31 Oct high, with 55 day SMA, limiting gains for now. Loss of initial support at 1.5600 puts pressure at 1.5584, last Friday’s low and 1.5560, 06 Dec low and range floor, loss of which to signal and end of consolidative phase and expose next array of supports at 1.5525/00. Hourly studies below their midlines and 20 day SMA pointing lower, favor such scenario. Only break above 1.5664, Friday’s intraday high, would ease bear pressure, however, regain of 1.5700 handle is required to avert immediate downside risk.

Res: 1.5635, 1.5655, 1.5664, 1.5700
Sup: 1.5584, 1.5560, 1.5525, 1.5500

USD/JPY

Series of lower highs maintain short-term downtrend from 78.27, 29 Nov high, as the near-term recovery attempt from 77.12, 08 Dec spike low, remains capped at 77.80, just under cannel resistance, currently at 77.87. Hourly structure shows the pair in a directionless motion, holding within 30 pips range, with break of either side to define near-term direction. Daily structure, however, remains positive as long as 55 day SMA holds the downside. Immediate support lies at 77.48, Friday’s low, ahead of 77.28/12 lows, below which to resume broader downtrend. Upside clearance of 77.80, range ceiling opens 78.00 next, ahead of 78.10/27 barriers.

Res: 77.66, 77.78, 77.87, 78.00
Sup: 77.57, 77.48, 77.28, 77.10

USD/CHF

Near-term focus remains at the upside, as the pair breaks above bear-trendline off 0.9328, in attempt to clear strong barrier at 0.9300 that was capping the upside attempts in a past couple of day. Break here to signal an end of near-term range trade phase and expose next barriers at 0.9313 and 0.9328, 06 Oct / 25 Nov highs. Hourly studies are positive and favor fresh rally, with 20 day SMA underpinning the action at 0.9250. Only loss of 0.9200 handle would be bearish.

Res: 0.9300, 0.9313, 0.9328, 0.9338
Sup: 0.9260, 0.9233, 0.9215, 0.9200

 

[WindsorBrokers]

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

EUR/USD

Continues to head lower, as losses accelerated after breaking below 1.3300 handle. Loss of the last barriers at 1.3280 and 1.3258, 30 Nov low / channel support, opens way towards 1.3211, 25 Nov low and 1.3200, weekly H&S neckline, break below which to complete the pattern and focus 1.3145, with extension towards psychological level at 1.3000 not ruled out. Negative hourly studies favor this scenario, however, oversold conditions may delay bears in favor of corrective bounce. Initial resistances lie at 1.3280/1.3300, ahead of 20 day SMA, currently at 1.3320 and maintaining bear-tone. Only regain of today’s highs at 1.3380 zone would provide near-term relief.

Res: 1.3280, 1.3290, 1.3300, 1.3300
Sup: 1.3229, 1.3211, 1.3200, 1.3145

GBP/USD

Has nearly fully recovered today’s losses from 1.5657, day’s high, after break below 1.5560, range floor, found footstep at 1.5536, just ahead of strong support at 1.5525. However, gains stalled just ahead of 1.5657/64 resistance zone, with fresh weakness putting pressure on 1.5600 support. Near-term studies remain in the negative territory, keeping the downside vulnerable, with only sustained break above 1.5657/64 barriers to ease bear-pressure.

Res: 1.5656, 1.5664, 1.5700, 1.5733
Sup: 1.5600, 1.5584, 1.5560, 1.5536

USD/JPY

Turns the near-term tone into positive field after break above the recent range broke above bear-trendline off 78.27 high, to briefly test 78.00 barrier. Corrective pullback on overbought hourlies should find support at/ above 77.70/60 supports, to maintain positive structure, with clear break above 78.00 to open way for further gains and retest of 78.27/44. Loss of 77.60, however, would signal return to the near-term range and risk test of range floor at 77.48.

Res: 78.00, 78.10, 78.27, 78.44
Sup: 77.74, 77.57, 77.48, 77.28

USD/CHF

Final push through 0.9300 congestion has triggered fresh rally that cleared previous highs at 0.9313/28, to post marginally fresh two-week high at 0.9336. Near-term bulls are fully in play, with 0.9350/0.9400 in focus and possible extension towards strong resistance at 0.9461, 10 Oct low, seen on a break. However, overbought conditions risk corrective pullback, before fresh action. Previous resistances at 0.9300/0.9280 zone, now offer initial support.

Res: 0.9338, 0.9350, 0.9400, 0.9450
Sup: 0.9300, 0.9280, 0.9260, 0.9233

 

[WindsorBrokers]

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

EUR/USD

Continues to head lower, as losses accelerated after breaking below 1.3300 handle. Loss of the last barriers at 1.3280 and 1.3258, 30 Nov low / channel support, opens way towards 1.3211, 25 Nov low and 1.3200, weekly H&S neckline, break below which to complete the pattern and focus 1.3145, with extension towards psychological level at 1.3000 not ruled out. Negative hourly studies favor this scenario, however, oversold conditions may delay bears in favor of corrective bounce. Initial resistances lie at 1.3280/1.3300, ahead of 20 day SMA, currently at 1.3320 and maintaining bear-tone. Only regain of today’s highs at 1.3380 zone would provide near-term relief.

Res: 1.3280, 1.3290, 1.3300, 1.3300
Sup: 1.3229, 1.3211, 1.3200, 1.3145

GBP/USD

Has nearly fully recovered today’s losses from 1.5657, day’s high, after break below 1.5560, range floor, found footstep at 1.5536, just ahead of strong support at 1.5525. However, gains stalled just ahead of 1.5657/64 resistance zone, with fresh weakness putting pressure on 1.5600 support. Near-term studies remain in the negative territory, keeping the downside vulnerable, with only sustained break above 1.5657/64 barriers to ease bear-pressure.

Res: 1.5656, 1.5664, 1.5700, 1.5733
Sup: 1.5600, 1.5584, 1.5560, 1.5536

USD/JPY

Turns the near-term tone into positive field after break above the recent range broke above bear-trendline off 78.27 high, to briefly test 78.00 barrier. Corrective pullback on overbought hourlies should find support at/ above 77.70/60 supports, to maintain positive structure, with clear break above 78.00 to open way for further gains and retest of 78.27/44. Loss of 77.60, however, would signal return to the near-term range and risk test of range floor at 77.48.

Res: 78.00, 78.10, 78.27, 78.44
Sup: 77.74, 77.57, 77.48, 77.28

USD/CHF

Final push through 0.9300 congestion has triggered fresh rally that cleared previous highs at 0.9313/28, to post marginally fresh two-week high at 0.9336. Near-term bulls are fully in play, with 0.9350/0.9400 in focus and possible extension towards strong resistance at 0.9461, 10 Oct low, seen on a break. However, overbought conditions risk corrective pullback, before fresh action. Previous resistances at 0.9300/0.9280 zone, now offer initial support.

Res: 0.9338, 0.9350, 0.9400, 0.9450
Sup: 0.9300, 0.9280, 0.9260, 0.9233

 

[WindsorBrokers]

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

EUR/USD

Bears remain firmly in play after the pair broke below 1.3300/1.3280, strong support zone, accelerating losses below channel support at 1.3250. Break below 1.3200, weekly Head and Shoulders neckline has so far reached 1.3160 low, just ahead of strong support at 1.3145, 04 Oct low. Corrective / consolidative phase is under way, as near-term studies are overstretched, however, upside is seen limited at 1.3280/1.3300 zone, also 20 day SMA on 4H chart, as negative sentiment continues to dominate. On the downside, loss of critical support at 1.3145 would open fresh bear-phase and expose 1.3000 zone next.

Res: 1.3250, 1.3280, 1.3290, 1.3300
Sup: 1.3182, 1.3160, 1.3145, 1.3100

GBP/USD

Returns back to two-week range after yesterday’s brief break below 1.5560 range floor, found support at 1.5536. Regain of 1.5600 handle sees potential for further extension and possible test of next barrier at 1.5660 zone, as hourly conditions are improving. However, broader picture’s bearish tone remains in play as long as 1.5750/70, daily 55 day SMA and range ceiling caps the upside. Immediate supports at 1.5570, day’s low and 1.5560, Fib 61.8% of 1.5422/1.5770 ascend need to hold, otherwise, fresh weakness towards 1.5536/25 and 1.5500, would be the likely near-term scenario, with key short-term support at 1.5422 to come in focus on a break below 1.5500 figure support.

Res: 1.5623, 1.5656, 1.5664, 1.5700
Sup: 1.5597, 1.5571, 1.5560, 1.5536

USD/JPY

The pair consolidates the recent gains from 77.50 support that broke through trendline resistance and briefly tested 78.00 barrier. Holding above 77.80, range floor and broken bear-trendline off 78.27 high, would keep near-term focus higher, with clearance of 78.00 required to open next static resistances at 78.27/44. Near-term studies are still supportive, with 20 day SMA, currently at 77.70, underpinning the action. Loss of 77.80/70, however, would sour the near-term tone and re-expose initial support at 77.50.

Res: 78.00, 78.10, 78.27, 78.44
Sup: 77.80, 77.70, 77.57, 77.48

USD/CHF

Yesterday’s strong rally that cleared key obstacles at 0.9300 and 0.9313/27, ended short-term corrective phase from 0.9328, 25 Nov previous high and opened fresh leg higher, extending the broader uptrend from 0.7067, 09 Aug record low. The pair so far tested levels just under 0.9400 barrier, with shallow correction contained by 20 day SMA at 0.9350, for now. Studies on 4H chart are positive, but oversold conditions see risk of deeper correction, before fresh rally. Firm break above 0.9400 to open way for test of psychological barrier at 0.9500. On the downside, potential loss of 0.9350 support would test previous resistance at 0.9328, however, dips need to hold above 0.9300 mark, also Fib 38.2% of 0.9180/0.9386 ascend, to keep immediate bulls intact.


Res: 0.9386, 0.9400, 0.9450, 0.9500
Sup: 0.9360, 0.9350, 0.9328, 0.9300

 

[WindsorBrokers]

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

EUR/USD

Bears remain firmly in play after the pair broke below 1.3300/1.3280, strong support zone, accelerating losses below channel support at 1.3250. Break below 1.3200, weekly Head and Shoulders neckline has so far reached 1.3160 low, just ahead of strong support at 1.3145, 04 Oct low. Corrective / consolidative phase is under way, as near-term studies are overstretched, however, upside is seen limited at 1.3280/1.3300 zone, also 20 day SMA on 4H chart, as negative sentiment continues to dominate. On the downside, loss of critical support at 1.3145 would open fresh bear-phase and expose 1.3000 zone next.

Res: 1.3250, 1.3280, 1.3290, 1.3300
Sup: 1.3182, 1.3160, 1.3145, 1.3100

GBP/USD

Returns back to two-week range after yesterday’s brief break below 1.5560 range floor, found support at 1.5536. Regain of 1.5600 handle sees potential for further extension and possible test of next barrier at 1.5660 zone, as hourly conditions are improving. However, broader picture’s bearish tone remains in play as long as 1.5750/70, daily 55 day SMA and range ceiling caps the upside. Immediate supports at 1.5570, day’s low and 1.5560, Fib 61.8% of 1.5422/1.5770 ascend need to hold, otherwise, fresh weakness towards 1.5536/25 and 1.5500, would be the likely near-term scenario, with key short-term support at 1.5422 to come in focus on a break below 1.5500 figure support.

Res: 1.5623, 1.5656, 1.5664, 1.5700
Sup: 1.5597, 1.5571, 1.5560, 1.5536

USD/JPY

The pair consolidates the recent gains from 77.50 support that broke through trendline resistance and briefly tested 78.00 barrier. Holding above 77.80, range floor and broken bear-trendline off 78.27 high, would keep near-term focus higher, with clearance of 78.00 required to open next static resistances at 78.27/44. Near-term studies are still supportive, with 20 day SMA, currently at 77.70, underpinning the action. Loss of 77.80/70, however, would sour the near-term tone and re-expose initial support at 77.50.

Res: 78.00, 78.10, 78.27, 78.44
Sup: 77.80, 77.70, 77.57, 77.48

USD/CHF

Yesterday’s strong rally that cleared key obstacles at 0.9300 and 0.9313/27, ended short-term corrective phase from 0.9328, 25 Nov previous high and opened fresh leg higher, extending the broader uptrend from 0.7067, 09 Aug record low. The pair so far tested levels just under 0.9400 barrier, with shallow correction contained by 20 day SMA at 0.9350, for now. Studies on 4H chart are positive, but oversold conditions see risk of deeper correction, before fresh rally. Firm break above 0.9400 to open way for test of psychological barrier at 0.9500. On the downside, potential loss of 0.9350 support would test previous resistance at 0.9328, however, dips need to hold above 0.9300 mark, also Fib 38.2% of 0.9180/0.9386 ascend, to keep immediate bulls intact.


Res: 0.9386, 0.9400, 0.9450, 0.9500
Sup: 0.9360, 0.9350, 0.9328, 0.9300

 

[WindsorBrokers]

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

EUR/USD

Moves in a near-term consolidative mode, after hitting fresh 9-week low at 1.3164. Mild corrective bounce was capped just under broken channel support trendline, as hourly studies are losing momentum. Lack of fundamentals that may give stronger boost to the pair and negative near-term studies, keep the downside in focus, with extension through 1.3260 to open 1.3225/00, ahead of critical support at 1.3145, below which would trigger large stops and spark fresh weakness, with test of 1.3000 zone not ruled out.

Res: 1.3200, 1.3235, 1.3250, 1.3280
Sup: 1.3160, 1.3145, 1.3100, 1.3054

GBP/USD

Near-term price action remains congested between 1.5565, today’s low and 1.5630 level, where today’s recovery attempt was capped. Hourly conditions are in neutral mode, as the pair moves in a choppy, directionless mode, while 4H outlook remains skewed to the downside, as 20 day SMA caps the upside for now. Loss of the recent rage floor to signal further retracement of 1.5422/1.5777 upleg and open 1.5525/00 initially. On the upside, only regain of 1.5665/1.5700 barriers would improve near-term tone.

Res: 1.5600, 1.5628, 1.5656, 1.5665
Sup: 1.5571, 1.5560, 1.5536, 1.5525

USD/JPY

Eases lower after failure to clear 78.00 on renewed attempt triggered pullback towards initial support at 77.50, with 77.63 low seen so far. This weakens immediate tone, with hourly studies now below their midlines, increasing risk of further weakness. Loss of 77.50 to open 77.28/12 lows, possibly psychological support at 77.00 on a break, while only lift above 78.00 to signal fresh strength and focus 78.27/44 instead.

Res: 77.87, 78.00, 78.10, 78.27
Sup: 77.63, 77.48, 77.28, 77.12

USD/CHF

Extends corrective pullback after gains hit fresh high, just below 0.9400 barrier. The pair retraced Fib 23.6% of the recent of 0.9180/0.9386 upleg and 0.9340, with further easing towards 0.9328, possibly to 0.9300 support, also Fib 38.2% / 20 day SMA, not ruled out, before bulls re-assert. Resumption of the broader uptrend requires clearance of 0.9400, with 0.9500 seen next. Only loss of 0.9300 handle would delay bulls in favor of deeper reversal.

Res: 0.9377, 0.9386, 0.9400, 0.9450
Sup: 0.9340, 0.9328, 0.9300, 0.9285

 

[WindsorBrokers]

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

EUR/USD

Moves in a near-term consolidative mode, after hitting fresh 9-week low at 1.3164. Mild corrective bounce was capped just under broken channel support trendline, as hourly studies are losing momentum. Lack of fundamentals that may give stronger boost to the pair and negative near-term studies, keep the downside in focus, with extension through 1.3260 to open 1.3225/00, ahead of critical support at 1.3145, below which would trigger large stops and spark fresh weakness, with test of 1.3000 zone not ruled out.

Res: 1.3200, 1.3235, 1.3250, 1.3280
Sup: 1.3160, 1.3145, 1.3100, 1.3054

GBP/USD

Near-term price action remains congested between 1.5565, today’s low and 1.5630 level, where today’s recovery attempt was capped. Hourly conditions are in neutral mode, as the pair moves in a choppy, directionless mode, while 4H outlook remains skewed to the downside, as 20 day SMA caps the upside for now. Loss of the recent rage floor to signal further retracement of 1.5422/1.5777 upleg and open 1.5525/00 initially. On the upside, only regain of 1.5665/1.5700 barriers would improve near-term tone.

Res: 1.5600, 1.5628, 1.5656, 1.5665
Sup: 1.5571, 1.5560, 1.5536, 1.5525

USD/JPY

Eases lower after failure to clear 78.00 on renewed attempt triggered pullback towards initial support at 77.50, with 77.63 low seen so far. This weakens immediate tone, with hourly studies now below their midlines, increasing risk of further weakness. Loss of 77.50 to open 77.28/12 lows, possibly psychological support at 77.00 on a break, while only lift above 78.00 to signal fresh strength and focus 78.27/44 instead.

Res: 77.87, 78.00, 78.10, 78.27
Sup: 77.63, 77.48, 77.28, 77.12

USD/CHF

Extends corrective pullback after gains hit fresh high, just below 0.9400 barrier. The pair retraced Fib 23.6% of the recent of 0.9180/0.9386 upleg and 0.9340, with further easing towards 0.9328, possibly to 0.9300 support, also Fib 38.2% / 20 day SMA, not ruled out, before bulls re-assert. Resumption of the broader uptrend requires clearance of 0.9400, with 0.9500 seen next. Only loss of 0.9300 handle would delay bulls in favor of deeper reversal.

Res: 0.9377, 0.9386, 0.9400, 0.9450
Sup: 0.9340, 0.9328, 0.9300, 0.9285

 

[WindsorBrokers]

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

EUR/USD

Accelerated losses after losing key short-term support at 1.3145, to resume broader downtrend off 1.4938, 2011 high. Break below 1.3045, Fib 61.8% of longer-term rally from 1.1875, 2010 low to 1.4938, exposed psychological level at 1.3000, where a temporary support was found. Bears remain in fully in play, with break below 1.3000 to focus next critical level at 1.2875, 09 Jan yearly low. Overextended near-term studies, however, suggest corrective action preceding fresh weakness. Initial resistance lies at 1.3100, ahead of higher platform at 1.3150 zone, while only firm break above 1.3200 would provide relief.

Res: 1.3200, 1.3235, 1.3250, 1.3280
Sup: 1.3160, 1.3145, 1.3100, 1.3054

GBP/USD

Steep fall followed yesterday’s upside rejection above 1.5600, losing initial support at 1.5560 and accelerating decline through 1.5525, 30 Nov low and figure support at 1.5500, to signal possible end of short-term corrective phase from 1.5422, 25 Nov low that was capped at 1.5777. The pair found temporary support at 1.5450, currently moving in a corrective mode, as near-term studies entered oversold territory. First resistance at 1.5500 is under pressure, with further extension higher to face barriers at 1.5540/60 zone and key near-term level at 1.5600, clearance of which would put immediate bears on hold. On the downside, loss of key support at 1.5422 would open way towards 1.5328, 22/23 Sep double bottom, ahead of yearly low and longer-term range floor at 1.5271.

Res: 1.5500, 1.5535, 1.5550, 1.5560
Sup: 1.5450, 1.5422, 1.5400, 1.5328

USD/JPY

Retest of strong barrier at 78.00 keeps the focus at the upside, as yesterday’s dip found footstep above key near-term support at 77.50. Positive tone on near-term studies remain in play but loss of momentum may risk further congestion under 78.00 mark. Initial supports at 77.80/63, need to hold to maintain near-term bulls. Clearance of 78.00/10 is required to resume gains towards next strong resistance at 78.27, 29 Nov peak.

Res: 77.87, 78.00, 78.10, 78.27
Sup: 77.80, 77.63, 77.48, 77.28

USD/CHF

Resumes the med-term uptrend from 0.7067, yearly and historical low, after break above near-term congestion at 0.9300 and clearance of previous high at 0.9328. Fresh rally accelerated through 0.9380, Fib 50% of longer-term descend from 1.1730, 2010 high to 0.7067, clearing 0.9400 barrier, en-route to psychological level at 0.9500, above which to focus 0.9546, 05 Nov 2010 low, next. Overstretched near-term studies, however, see potential for corrective pullback, preceding final push through 0.9500. Initial support lies at 0.9400, while only loss of higher platform at 0.9340 would delay immediate bulls in favor of deeper correction.

Res: 0.9469, 0.9476, 0.9500, 0.9546
Sup: 0.9400, 0.9386, 0.9340, 0.9328

 

[WindsorBrokers]

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

EUR/USD

Accelerated losses after losing key short-term support at 1.3145, to resume broader downtrend off 1.4938, 2011 high. Break below 1.3045, Fib 61.8% of longer-term rally from 1.1875, 2010 low to 1.4938, exposed psychological level at 1.3000, where a temporary support was found. Bears remain in fully in play, with break below 1.3000 to focus next critical level at 1.2875, 09 Jan yearly low. Overextended near-term studies, however, suggest corrective action preceding fresh weakness. Initial resistance lies at 1.3100, ahead of higher platform at 1.3150 zone, while only firm break above 1.3200 would provide relief.

Res: 1.3200, 1.3235, 1.3250, 1.3280
Sup: 1.3160, 1.3145, 1.3100, 1.3054

GBP/USD

Steep fall followed yesterday’s upside rejection above 1.5600, losing initial support at 1.5560 and accelerating decline through 1.5525, 30 Nov low and figure support at 1.5500, to signal possible end of short-term corrective phase from 1.5422, 25 Nov low that was capped at 1.5777. The pair found temporary support at 1.5450, currently moving in a corrective mode, as near-term studies entered oversold territory. First resistance at 1.5500 is under pressure, with further extension higher to face barriers at 1.5540/60 zone and key near-term level at 1.5600, clearance of which would put immediate bears on hold. On the downside, loss of key support at 1.5422 would open way towards 1.5328, 22/23 Sep double bottom, ahead of yearly low and longer-term range floor at 1.5271.

Res: 1.5500, 1.5535, 1.5550, 1.5560
Sup: 1.5450, 1.5422, 1.5400, 1.5328

USD/JPY

Retest of strong barrier at 78.00 keeps the focus at the upside, as yesterday’s dip found footstep above key near-term support at 77.50. Positive tone on near-term studies remain in play but loss of momentum may risk further congestion under 78.00 mark. Initial supports at 77.80/63, need to hold to maintain near-term bulls. Clearance of 78.00/10 is required to resume gains towards next strong resistance at 78.27, 29 Nov peak.

Res: 77.87, 78.00, 78.10, 78.27
Sup: 77.80, 77.63, 77.48, 77.28

USD/CHF

Resumes the med-term uptrend from 0.7067, yearly and historical low, after break above near-term congestion at 0.9300 and clearance of previous high at 0.9328. Fresh rally accelerated through 0.9380, Fib 50% of longer-term descend from 1.1730, 2010 high to 0.7067, clearing 0.9400 barrier, en-route to psychological level at 0.9500, above which to focus 0.9546, 05 Nov 2010 low, next. Overstretched near-term studies, however, see potential for corrective pullback, preceding final push through 0.9500. Initial support lies at 0.9400, while only loss of higher platform at 0.9340 would delay immediate bulls in favor of deeper correction.

Res: 0.9469, 0.9476, 0.9500, 0.9546
Sup: 0.9400, 0.9386, 0.9340, 0.9328

 

[WindsorBrokers]

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

EUR/USD

Resumes bear-trend after brief consolidation above 1.3000 mark, with upside capped at 1.3060. Loss of the last barrier at 1.2968, 28 Nov 2010 low, opens way towards 1.2900 and next key support at 1.2872, 2011 low, posted on 09 Jan. Near-term studies remain deeply in the negative territory.

Res: 1.3000, 1.3063, 1.3100, 1.3160
Sup: 1.2964, 1.2900, 1.2872, 1.2800

GBP/USD

Turns the near-term focus lower after corrective attempt from 1.5449, yesterday’s low, faced strong barrier at initial resistance at 1.5530. Fresh weakness briefly below 1.5449 would signal test of key short-term support at 1.5422, below which to focus 1.5328 and year’s low at 1.5271. Only bounce above 1.5600 would ease immediate bear pressure and signal hourly double bottom pattern..

Res: 1.5500, 1.5535, 1.5550, 1.5560
Sup: 1.5446, 1.5422, 1.5400, 1.5328

USD/JPY

Maintains positive near-term tone, as the pair breaks above initial barriers at 78.00/10. Holding above here keeps the focus higher for retest of 78.27, next resistance, with extension towards 79.00 seen on a break. 20 day SMA on 4H chart at 77.85, underpins, while only break below 77.63 would soften the near-term structure.

Res: 78.14, 78.27, 78.44, 79.00
Sup: 77.85, 77.63, 77.48, 77.28

USD/CHF

Probes levels above 0.9500 barrier, with firm break here to signal further extension of broader uptrend from 0.8566, 27 Oct higher low and expose 0.9600, with significant barriers at 0.9750/70 zone. From the other side, daily studies are approaching oversold zone that may signal stronger correction. Strong supports lie at 0.9400/0.9385.

Res: 0.9504, 0.9546, 0.9600, 0.9650
Sup: 0.9430, 0.9400, 0.9385, 0.9340