Short Term Technical Analysis for Majors

[WindsorBrokers]

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

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

 

[WindsorBrokers]

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

EUR/USD

Maintains negative tone that was confirmed on break below significant 1.3000 handle. Losses have so far tested 1.2945, med-term bear-channel support, with break lower to look for test of 1.2900, ahead of critical point at 1.2872, 09 Jan yearly low. Corrective bounces on oversold conditions, face initial resistance at 1.3063, while further rallies should not exceed the next array of barriers at 1.3100/60. Only sustained break above 1.3200 would delay immediate bears.

Res: 1.3000, 1.3063, 1.3100, 1.3160
Sup: 1.2977, 1.2945, 1.2900, 1.2872

GBP/USD

Has fully retraced the recent 1.5422/1.5777 corrective phase, as break below critical support at 1.5422, extended losses close to 1.5400 mark, where temporary support was found. Negative near-term studies keep the downside favored, with break below 1.5400 to expose next support at 1.5328, 22/23 Sep lows, ahead of test of key support and longer-term range floor at 1.5271, 02 Oct yearly low. Strong resistance at 1.5530, also 4h 20 day SMA, is expected to cap corrective bounce, while only regain of 1.5600 would signal stronger correction.

Res: 1.5500, 1.5535, 1.5550, 1.5560
Sup: 1.5432, 1.5422, 1.5407, 1.5400

USD/JPY

Holds steady just above 78.00, moving in a narrow range, as price action above 78.00 barrier remains capped at 78.15 for now. Initial support zone at 78.00/77.90, also 20 day SMA and main bull trendline, comes under pressure, as hourly studies are losing momentum, risking deeper reversal. However, wider picture’s bulls remain in play while 77.60/50, key near-term support zone contains dips, with focus at 78.27, 29 Nov previous high.

Res: 78.15, 78.27, 78.44, 79.00
Sup: 78.00, 77.90, 77.63, 77.48

USD/CHF

Corrects the recent strong rally that cleared 0.9500, psychological barrier and extended gains to 0.9545 so far. Upside remain in focus, as overall bullish structure stays intact, with today’s SNB decision expected to further support the pair. Next target lies at 0.9600, while corrective dips should find good support above 0.9400 handle.

Res: 0.9545, 0.9600, 0.9650, 0.9700
Sup: 0.9476, 0.9430, 0.9400, 0.9385

 

[WindsorBrokers]

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

EUR/USD

Maintains negative tone that was confirmed on break below significant 1.3000 handle. Losses have so far tested 1.2945, med-term bear-channel support, with break lower to look for test of 1.2900, ahead of critical point at 1.2872, 09 Jan yearly low. Corrective bounces on oversold conditions, face initial resistance at 1.3063, while further rallies should not exceed the next array of barriers at 1.3100/60. Only sustained break above 1.3200 would delay immediate bears.

Res: 1.3000, 1.3063, 1.3100, 1.3160
Sup: 1.2977, 1.2945, 1.2900, 1.2872

GBP/USD

Has fully retraced the recent 1.5422/1.5777 corrective phase, as break below critical support at 1.5422, extended losses close to 1.5400 mark, where temporary support was found. Negative near-term studies keep the downside favored, with break below 1.5400 to expose next support at 1.5328, 22/23 Sep lows, ahead of test of key support and longer-term range floor at 1.5271, 02 Oct yearly low. Strong resistance at 1.5530, also 4h 20 day SMA, is expected to cap corrective bounce, while only regain of 1.5600 would signal stronger correction.

Res: 1.5500, 1.5535, 1.5550, 1.5560
Sup: 1.5432, 1.5422, 1.5407, 1.5400

USD/JPY

Holds steady just above 78.00, moving in a narrow range, as price action above 78.00 barrier remains capped at 78.15 for now. Initial support zone at 78.00/77.90, also 20 day SMA and main bull trendline, comes under pressure, as hourly studies are losing momentum, risking deeper reversal. However, wider picture’s bulls remain in play while 77.60/50, key near-term support zone contains dips, with focus at 78.27, 29 Nov previous high.

Res: 78.15, 78.27, 78.44, 79.00
Sup: 78.00, 77.90, 77.63, 77.48

USD/CHF

Corrects the recent strong rally that cleared 0.9500, psychological barrier and extended gains to 0.9545 so far. Upside remain in focus, as overall bullish structure stays intact, with today’s SNB decision expected to further support the pair. Next target lies at 0.9600, while corrective dips should find good support above 0.9400 handle.

Res: 0.9545, 0.9600, 0.9650, 0.9700
Sup: 0.9476, 0.9430, 0.9400, 0.9385

 

[WindsorBrokers]

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

EUR/USD

Remains in near-term consolidative mode, moving in a narrow range around 1.3000 level. Dips were contained at yesterday’s low at 1.2980 zone, signaling possible basing attempt, ahead of stronger correction of the latest steep decline from 1.3547, 02 Dec lower high. Daily studies, approaching oversold zone, would support bounce. Hourly neutral to positive outlook, sees scope for test of initial barrier at 1.3042, ahead of key near-term barrier at 1.3084, 16 Dec high, also near Fib 50% of the 1.3235/1.2945 downleg, break of which is required to spark an extension towards 1.3100 and next strong resistance at 1.3145, 04 Oct low. On the downside, loss of 1.2980 zone to expose 1.2945, loss of which would accelerate losses and focus key med-term support at 1.2872, annual low, posted on 09 Jan.

Res: 1.3042, 1.3047, 1.3082, 1.3100
Sup: 1.3000, 1.2984, 1.2956, 1.2945

GBP/USD

Improving hourly studies support the fresh attempt higher, as yesterday’s upside rejection and subsequent pullback found support at 1.5500 zone. Holding above broken bear-trendline off 1.5768 high, keeps the near-term focus higher, however, break above 1.5560 barrier, where the recent gains were capped and 1.5585, Fib 50% of 1.5768/1.5407 decline, is required to sustain recovery and expose 1.5600/35 next. Otherwise, risk would be of fresh weakness under 1.5500 mark and possible retest of key near-term support at 1.5407.

Res: 1.5543, 1.5556, 1.5580, 1.5600
Sup: 1.5506, 1.5492, 1.5463, 1.5432

USD/JPY

Hovers around 78.00 mark, as the upside remains capped at 78.10/15, trendline resistance / previous highs, as the triangle pattern is forming on hourly chart. Near-term studies are losing traction that may increase risk of downside extension towards 77.75, triangle support and key levels at 77.60/50. Four-hour 20 day SMA at 77.90, holds the downside for now, however, only break above 78.15 would improve near-term outlook and open way for fresh bull-leg towards 79.00 barrier.

Res: 78.04, 78.15, 78.27, 78.44
Sup: 77.90. 77.80, 77.60, 77.48

USD/CHF

Hourly outlook sees the pair in neutral mode, moving in a narrow range around 0.9360, Fib 38.2% of 0.9069/0.9545 upleg, where a temporary support was found,. Wider picture, however, Sees scope for fresh leg lower, as 4h MACD breaks below the midline and 20 day SMA, currently at 0.9390, limits the upside. Break lower to expose 0.9328, ahead of psychological 0.9300 support, also Fib 50%, below which to signal top and open way for stronger reversal. Only regain of 0.9400/50 would ease bear pressure, with break above 0.9500 to re-focus 0.9545 high.

Res: 0.9400, 0.9413, 0.9427, 0.9475
Sup: 0.9346, 0.9340, 0.9300, 0.9285

 

[WindsorBrokers]

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

EUR/USD

Remains in near-term consolidative mode, moving in a narrow range around 1.3000 level. Dips were contained at yesterday’s low at 1.2980 zone, signaling possible basing attempt, ahead of stronger correction of the latest steep decline from 1.3547, 02 Dec lower high. Daily studies, approaching oversold zone, would support bounce. Hourly neutral to positive outlook, sees scope for test of initial barrier at 1.3042, ahead of key near-term barrier at 1.3084, 16 Dec high, also near Fib 50% of the 1.3235/1.2945 downleg, break of which is required to spark an extension towards 1.3100 and next strong resistance at 1.3145, 04 Oct low. On the downside, loss of 1.2980 zone to expose 1.2945, loss of which would accelerate losses and focus key med-term support at 1.2872, annual low, posted on 09 Jan.

Res: 1.3042, 1.3047, 1.3082, 1.3100
Sup: 1.3000, 1.2984, 1.2956, 1.2945

GBP/USD

Improving hourly studies support the fresh attempt higher, as yesterday’s upside rejection and subsequent pullback found support at 1.5500 zone. Holding above broken bear-trendline off 1.5768 high, keeps the near-term focus higher, however, break above 1.5560 barrier, where the recent gains were capped and 1.5585, Fib 50% of 1.5768/1.5407 decline, is required to sustain recovery and expose 1.5600/35 next. Otherwise, risk would be of fresh weakness under 1.5500 mark and possible retest of key near-term support at 1.5407.

Res: 1.5543, 1.5556, 1.5580, 1.5600
Sup: 1.5506, 1.5492, 1.5463, 1.5432

USD/JPY

Hovers around 78.00 mark, as the upside remains capped at 78.10/15, trendline resistance / previous highs, as the triangle pattern is forming on hourly chart. Near-term studies are losing traction that may increase risk of downside extension towards 77.75, triangle support and key levels at 77.60/50. Four-hour 20 day SMA at 77.90, holds the downside for now, however, only break above 78.15 would improve near-term outlook and open way for fresh bull-leg towards 79.00 barrier.

Res: 78.04, 78.15, 78.27, 78.44
Sup: 77.90. 77.80, 77.60, 77.48

USD/CHF

Hourly outlook sees the pair in neutral mode, moving in a narrow range around 0.9360, Fib 38.2% of 0.9069/0.9545 upleg, where a temporary support was found,. Wider picture, however, Sees scope for fresh leg lower, as 4h MACD breaks below the midline and 20 day SMA, currently at 0.9390, limits the upside. Break lower to expose 0.9328, ahead of psychological 0.9300 support, also Fib 50%, below which to signal top and open way for stronger reversal. Only regain of 0.9400/50 would ease bear pressure, with break above 0.9500 to re-focus 0.9545 high.

Res: 0.9400, 0.9413, 0.9427, 0.9475
Sup: 0.9346, 0.9340, 0.9300, 0.9285

 

[WindsorBrokers]

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

EUR/USD
The pair returns to weakness after yesterday’s gains spiked to 1.3200 barrier, but failure to break higher resulted in sharp reversal that nearly fully erased rally from 1.3000. Temporary support was found at 1.3024, with fresh attempt higher facing initial resistance at 1.3084, yesterday’s intraday high / 16 Dec high. Break here and 1.3100 is required to resume higher for possible retest of 1.3200, however, lack of momentum on 4H studies, may limit gains for now. On the downside, 1.3024 offers initial support, ahead of strong 1.3000 zone support, where also bull trendline off 1.2945 low lies and break below here and next support at 1.2980, to confirm lower top at 1.3200 and trigger fresh weakness towards 1.2945, with key m/t support at 1.2872 in sight.

Res: 1.3084, 1.3100, 1.3130, 1.3145
Sup: 1.3032, 1.3024, 1.3000, 1.2980

GBP/USD

Two days strong rally tested key near-term barrier at 1.5768/77, 12 Dec / 30 Nov peaks, where gains stalled, with subsequent pullback now attempting to base at 1.5650 zone. Weakening hourly studies suggest further weakness, with Fib 38.2% at 1.5635 coming first, ahead of 20 day SMA at 1.5620 and 1.5600 zone, figure support / Fib 50%. Loss of the latter to confirm that the pair remains within short-term 1.5407/1.5777 range, as daily structure remains capped by 55 day SMA. To improve near-term outlook, break above 1.5700 barrier is required, while clearance of 1.5777 to confirm double bottom and spark fresh extension of near-term bull phase.

Res: 1.5700, 1.5750, 1.5768, 1.5777
Sup: 1.5650, 1.5628, 1.5600, 1.5590

USD/JPY

Fresh strength from 77.60 higher base, retests key near-term resistance zone at 78.00/15, also trendline resistance, break of which to open way for fresh extension higher and test of another strong barrier at 78.27. Four-hour chart studies are turning positive, with 20 day SMA at 77.90, underpinning the structure. Only loss of 77.60/50 would be bearish.
Remains at the back foot, as 78.15 barriers stay intact for now, with reversal under 78.00 handle and break below triangle support and previous low at 77.80/70, increases risk of attempt at key short-term support levels at 77.60/50, below which to weaken short-term structure and possibly open 77.00.

Res: 78.11, 78.15, 78.27, 78.44
Sup: 78.00, 77.60, 77.48, 77.12

USD/CHF

Bounce off 0.9242, yesterday’s low, also Fib 61.8% of 0.9069/0.9545 upleg, faces strong barrier at 0.9400 zone, and while holding below here, risk remains at the downside, as hourly studies are pointing lower. Break below immediate support at 0.9330 to re-focus 0.9300 figure support / daily 20 day SMA, with retest of 0.9242 seen on a break. Only break above 0.9400 and regain of 0.9450 would signal higher low and turn focus towards 0.9500/45.

Res: 0.9390, 0.9400, 0.9450, 0.9500
Sup: 0.9330, 0.9300, 0.9290, 0.9265

 

[WindsorBrokers]

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

EUR/USD
The pair returns to weakness after yesterday’s gains spiked to 1.3200 barrier, but failure to break higher resulted in sharp reversal that nearly fully erased rally from 1.3000. Temporary support was found at 1.3024, with fresh attempt higher facing initial resistance at 1.3084, yesterday’s intraday high / 16 Dec high. Break here and 1.3100 is required to resume higher for possible retest of 1.3200, however, lack of momentum on 4H studies, may limit gains for now. On the downside, 1.3024 offers initial support, ahead of strong 1.3000 zone support, where also bull trendline off 1.2945 low lies and break below here and next support at 1.2980, to confirm lower top at 1.3200 and trigger fresh weakness towards 1.2945, with key m/t support at 1.2872 in sight.

Res: 1.3084, 1.3100, 1.3130, 1.3145
Sup: 1.3032, 1.3024, 1.3000, 1.2980

GBP/USD

Two days strong rally tested key near-term barrier at 1.5768/77, 12 Dec / 30 Nov peaks, where gains stalled, with subsequent pullback now attempting to base at 1.5650 zone. Weakening hourly studies suggest further weakness, with Fib 38.2% at 1.5635 coming first, ahead of 20 day SMA at 1.5620 and 1.5600 zone, figure support / Fib 50%. Loss of the latter to confirm that the pair remains within short-term 1.5407/1.5777 range, as daily structure remains capped by 55 day SMA. To improve near-term outlook, break above 1.5700 barrier is required, while clearance of 1.5777 to confirm double bottom and spark fresh extension of near-term bull phase.

Res: 1.5700, 1.5750, 1.5768, 1.5777
Sup: 1.5650, 1.5628, 1.5600, 1.5590

USD/JPY

Fresh strength from 77.60 higher base, retests key near-term resistance zone at 78.00/15, also trendline resistance, break of which to open way for fresh extension higher and test of another strong barrier at 78.27. Four-hour chart studies are turning positive, with 20 day SMA at 77.90, underpinning the structure. Only loss of 77.60/50 would be bearish.
Remains at the back foot, as 78.15 barriers stay intact for now, with reversal under 78.00 handle and break below triangle support and previous low at 77.80/70, increases risk of attempt at key short-term support levels at 77.60/50, below which to weaken short-term structure and possibly open 77.00.

Res: 78.11, 78.15, 78.27, 78.44
Sup: 78.00, 77.60, 77.48, 77.12

USD/CHF

Bounce off 0.9242, yesterday’s low, also Fib 61.8% of 0.9069/0.9545 upleg, faces strong barrier at 0.9400 zone, and while holding below here, risk remains at the downside, as hourly studies are pointing lower. Break below immediate support at 0.9330 to re-focus 0.9300 figure support / daily 20 day SMA, with retest of 0.9242 seen on a break. Only break above 0.9400 and regain of 0.9450 would signal higher low and turn focus towards 0.9500/45.

Res: 0.9390, 0.9400, 0.9450, 0.9500
Sup: 0.9330, 0.9300, 0.9290, 0.9265

 

[WindsorBrokers]

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

EUR/USD

The pair continues to trend lower after today’s gap lower opening extended losses to a fresh 16-month high at 1.2665. Bounce on oversold hourly conditions and break above hourly 20 day SMA, sees scope for further correction, however, strong resistance zone at 1.2857/66/72, 29 Dec low / Fib 50% of 1.3071/1.2665 / 2011 low, is expected to cap the upside for now. Key support area at 1.2600/1.2586, Fib 76.4% of 1.1875/1.4938 and 22 Aug 2010 low, remains in focus, with break here to signal fresh weakness and possible retest of next longer-term supports at 1.2455 and 1.2331, 2009/2008 lows, ahead of key level at 1.1875, 2010 low. Only firm break above 1.2900 would delay and allow for stronger correction.

Res: 1.2780, 1.2811, 1.2857, 1.2872
Sup: 1.2684, 1.2665, 1.2600, 1.2586

GBP/USD

Short-term price action maintains bearish tone, as the latest bear-leg off 1.5668, 03 Jan high, extended below 1.5400, to test 3-month range floor at 1.5360 zone. Corrective bounce is under way, with hourly studies regaining momentum. Initial barriers lie at 1.5466/75, 05/06 Jan lows, ahead of strong resistances at 1.5520, 06 Jan high / Fib 50% of 1.5668/1.5374 descend and bear trendline at 1.5550, that are expected to limit the upside. Break here would ease bear pressure and open way for stronger recovery towards 1.5600/68. On the downside, loss of 1.5360 to trigger fresh weakness and expose strong support at 1.5271, 2011 yearly low and Fib 50% of 1.3501/1.7041, 2009 rally.

Res: 1.5466, 1.5475, 1.5500, 1.5520
Sup: 1.5400, 1.5374, 1.5360, 1.5328

USD/JPY

The pair remains under pressure, as the latest recovery attempt from 76.59, 04 Jan low, just ahead of key support at 76.55, was capped by daily 90 day SMA and subsequent reversal extended below 77.00 mark. Risk is seen on retest of 76.55 support, loss of which to spark fresh weakness towards 76.00 and pre-intervention lows at 75.50. Only clearance of 77.32, 06 Jan high and 77.40, Fib 50% of 78.21/76.59 decline, would signal stronger recovery and keep the downside protected.

Res: 77.00, 77.32, 77.40, 77.60
Sup: 76.78, 76.59, 76.55, 76.10

USD/CHF

Break above 0.9545, previous high, posted on 15 Dec 2011, confirms the end of short-term corrective phase and signals a resumption of broader uptrend. Gains tested levels just under 0.9600 barrier, break of which to open 0.9700 and strong barriers at 0.9743/73, Feb 2011 highs, ahead of 0.9782, yearly high. Corrective pullback on overbought hourlies, faces initial support at 0.9500, ahead of 0.9485, 20 day SMA, also Fib 38.2% of 0.9303/0.9593 upleg.

Res: 0.9564, 0.9577, 0.9593, 0.9600
Sup: 0.9500, 0.9485, 0.9468, 0.9413

 

[WindsorBrokers]

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

EUR/USD

The pair continues to trend lower after today’s gap lower opening extended losses to a fresh 16-month high at 1.2665. Bounce on oversold hourly conditions and break above hourly 20 day SMA, sees scope for further correction, however, strong resistance zone at 1.2857/66/72, 29 Dec low / Fib 50% of 1.3071/1.2665 / 2011 low, is expected to cap the upside for now. Key support area at 1.2600/1.2586, Fib 76.4% of 1.1875/1.4938 and 22 Aug 2010 low, remains in focus, with break here to signal fresh weakness and possible retest of next longer-term supports at 1.2455 and 1.2331, 2009/2008 lows, ahead of key level at 1.1875, 2010 low. Only firm break above 1.2900 would delay and allow for stronger correction.

Res: 1.2780, 1.2811, 1.2857, 1.2872
Sup: 1.2684, 1.2665, 1.2600, 1.2586

GBP/USD

Short-term price action maintains bearish tone, as the latest bear-leg off 1.5668, 03 Jan high, extended below 1.5400, to test 3-month range floor at 1.5360 zone. Corrective bounce is under way, with hourly studies regaining momentum. Initial barriers lie at 1.5466/75, 05/06 Jan lows, ahead of strong resistances at 1.5520, 06 Jan high / Fib 50% of 1.5668/1.5374 descend and bear trendline at 1.5550, that are expected to limit the upside. Break here would ease bear pressure and open way for stronger recovery towards 1.5600/68. On the downside, loss of 1.5360 to trigger fresh weakness and expose strong support at 1.5271, 2011 yearly low and Fib 50% of 1.3501/1.7041, 2009 rally.

Res: 1.5466, 1.5475, 1.5500, 1.5520
Sup: 1.5400, 1.5374, 1.5360, 1.5328

USD/JPY

The pair remains under pressure, as the latest recovery attempt from 76.59, 04 Jan low, just ahead of key support at 76.55, was capped by daily 90 day SMA and subsequent reversal extended below 77.00 mark. Risk is seen on retest of 76.55 support, loss of which to spark fresh weakness towards 76.00 and pre-intervention lows at 75.50. Only clearance of 77.32, 06 Jan high and 77.40, Fib 50% of 78.21/76.59 decline, would signal stronger recovery and keep the downside protected.

Res: 77.00, 77.32, 77.40, 77.60
Sup: 76.78, 76.59, 76.55, 76.10

USD/CHF

Break above 0.9545, previous high, posted on 15 Dec 2011, confirms the end of short-term corrective phase and signals a resumption of broader uptrend. Gains tested levels just under 0.9600 barrier, break of which to open 0.9700 and strong barriers at 0.9743/73, Feb 2011 highs, ahead of 0.9782, yearly high. Corrective pullback on overbought hourlies, faces initial support at 0.9500, ahead of 0.9485, 20 day SMA, also Fib 38.2% of 0.9303/0.9593 upleg.

Res: 0.9564, 0.9577, 0.9593, 0.9600
Sup: 0.9500, 0.9485, 0.9468, 0.9413

 

[WindsorBrokers]

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

EUR/USD

Maintains near-term positive sentiment after pullback from day’s high at 1.2784 was contained by hourly 20 day SMA at 1.2724. Positive European data, released earlier today, are supportive for the single currency, however clearance of 1.2784 and 1.2810/20 barriers is required to resume near-term recovery off 1.2665, today’s fresh 16-month low. Hourly MACD is attempting through the midline, with 20 day SMA underpinning. Wider picture’s outlook, however, remains firmly bearish, while below 1.3100, with focus at 1.2665 as initial support, ahead of more important 1.2600/1.2586, Fibonacci level / 22 Aug 2010 low.

Res: 1.2784, 1.2811, 1.2820, 1.2857
Sup: 1.2724, 1.2700, 1.2684, 1.2665

GBP/USD

Remains in a near-term corrective mode off today’s low at 1.5374, with Fibonacci 38.2% and 50% at 1.5485 and 1.5520, now in focus. Hourly studies are in positive field, but overbought conditions suggest corrective pullback, before fresh push higher. Clearance of 1.5520/60 zone is required to confirm temporary bottom and open way for stronger recovery. Corrective dips should be contained above 1.5420/00, hourly 20 day SMA / intraday low, to maintain near-term positive tone. Loss of key supports, also range floor at 1.5374/60, would weaken the structure and expose key level at 1.5271, 2011 low.

Res: 1.5469, 1.5475, 1.5500, 1.5520
Sup: 1.5420, 1.5400, 1.5374, 1.5360

USD/JPY

The pair remains under pressure, as the latest recovery attempt from 76.59, 04 Jan low, just ahead of key support at 76.55, was capped by daily 90 day SMA at 77.32 and subsequent reversal extended below 77.00 mark. Dips have so far been contained at 76.70 zone, keeping 76.55 support intact for now. However, hourly and 4-hour studies are still negative and only firm break above 77.00 mark would ease bear pressure, with clearance of 77.32/40 required to confirm. Loss of 76.55 risks further weakness at test of 76.10/00, initially.

Res: 77.00, 77.32, 77.40, 77.60
Sup: 76.76, 76.59, 76.55, 76.10

USD/CHF

Corrective dip off today’s fresh high at 0.9593 was contained by 4H 20 day SMA at 0.9489. Fresh gains above 0.9500, look for retest of 0.9593, clearance of which is required to resume broader uptrend and expose 0.9700 next. Otherwise, further consolidation would be likely, with bulls in play while 0.9400 holds the downside.

Res: 0.9543, 0.9564, 0.9577, 0.9593
Sup: 0.9485, 0.9468, 0.9413, 0.9400

 

[WindsorBrokers]

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

EUR/USD

Maintains near-term positive sentiment after pullback from day’s high at 1.2784 was contained by hourly 20 day SMA at 1.2724. Positive European data, released earlier today, are supportive for the single currency, however clearance of 1.2784 and 1.2810/20 barriers is required to resume near-term recovery off 1.2665, today’s fresh 16-month low. Hourly MACD is attempting through the midline, with 20 day SMA underpinning. Wider picture’s outlook, however, remains firmly bearish, while below 1.3100, with focus at 1.2665 as initial support, ahead of more important 1.2600/1.2586, Fibonacci level / 22 Aug 2010 low.

Res: 1.2784, 1.2811, 1.2820, 1.2857
Sup: 1.2724, 1.2700, 1.2684, 1.2665

GBP/USD

Remains in a near-term corrective mode off today’s low at 1.5374, with Fibonacci 38.2% and 50% at 1.5485 and 1.5520, now in focus. Hourly studies are in positive field, but overbought conditions suggest corrective pullback, before fresh push higher. Clearance of 1.5520/60 zone is required to confirm temporary bottom and open way for stronger recovery. Corrective dips should be contained above 1.5420/00, hourly 20 day SMA / intraday low, to maintain near-term positive tone. Loss of key supports, also range floor at 1.5374/60, would weaken the structure and expose key level at 1.5271, 2011 low.

Res: 1.5469, 1.5475, 1.5500, 1.5520
Sup: 1.5420, 1.5400, 1.5374, 1.5360

USD/JPY

The pair remains under pressure, as the latest recovery attempt from 76.59, 04 Jan low, just ahead of key support at 76.55, was capped by daily 90 day SMA at 77.32 and subsequent reversal extended below 77.00 mark. Dips have so far been contained at 76.70 zone, keeping 76.55 support intact for now. However, hourly and 4-hour studies are still negative and only firm break above 77.00 mark would ease bear pressure, with clearance of 77.32/40 required to confirm. Loss of 76.55 risks further weakness at test of 76.10/00, initially.

Res: 77.00, 77.32, 77.40, 77.60
Sup: 76.76, 76.59, 76.55, 76.10

USD/CHF

Corrective dip off today’s fresh high at 0.9593 was contained by 4H 20 day SMA at 0.9489. Fresh gains above 0.9500, look for retest of 0.9593, clearance of which is required to resume broader uptrend and expose 0.9700 next. Otherwise, further consolidation would be likely, with bulls in play while 0.9400 holds the downside.

Res: 0.9543, 0.9564, 0.9577, 0.9593
Sup: 0.9485, 0.9468, 0.9413, 0.9400

 

[WindsorBrokers]

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

EUR/USD

Remains in a near-term corrective mode after leaving a higher low at 1.2720, with break above yesterday’s high at 1.2784, now approaching initial barrier at 1.2811/20, last Friday’s high / Fib 38.2% of 1.3071/1.2665 descend. Hourly studies remain supportive for further extension higher and possible retest of strong resistance at 1.2870 zone that is expected to limit gains, as wider timeframes remain in negative territory. However, regain of levels above 1.2900, would ease bear pressure and look for test of key near-term resistances at 1.3072/1.3100. On the downside, break below 1.2665 to resume broader downtrend and open key supports at 1.2600/1.2586.

Res: 1.2795, 1.2811, 1.2820, 1.2857
Sup: 1.2760, 1.2720, 1.2700, 1.2684

GBP/USD

The pair approaches 1.5500 barrier, figure resistance / Fib 38.2% of 1.5668/1.5374, on a third day of corrective action from 1.5374, last Friday’s fresh low. To confirm near-term basing attempt, regain of 1.5520 zone, Friday’s high / Fib 50%, is required. This would confirm wider picture’s range floor at 1.5360 intact and open way for stronger recovery towards 1.5600/40. Dynamic support at 1.5455, hourly 20 day SMA, maintains near-term bulls, with further dips to be contained above 1.5420, to keep near-term positive structure.

Res: 1.5500, 1.5520, 1.5555, 1.5579
Sup: 1.5450, 1.5420, 1.5400, 1.5374

USD/JPY

Hourly structure remains negative despite dips being contained at 76.75 zone, as 20 day SMA caps the near-term price action. In addition, 90 day SMA on a daily chart, that limited the recent attempts higher, now pointing lower, keeps the downside pressure and possible test of key support at 76.50 in play, with break here to expose 76.00 and pre-intervention low at 75.55. only break above 77.20/32 to avert immediate downside risk.

Res: 77.00, 77.32, 77.40, 77.60
Sup: 76.76, 76.59, 76.55, 76.10

USD/CHF

Near-term price action shows the pair at the back foot, after losing initial support at 0.9500 and additional pressure coming from yesterday’s SNB’s head resignation. Hourly structure remains negative, with 20 day SMA maintaining the latest decline and offering initial resistance, currently at 0.9500. Next downside target lies at 0.9448, Fib 50% of 0.9303/0.9593, loss of which to possibly attract key near-term support at 0.9400 zone, daily 20 day SMA / Fib 61.8%. On the upside, strong barriers lie at 0.9500 and 0.9540, with regain of the latter required to bring bulls in play and open way for retest of yesterday’s high at 0.9593.

Res: 0.9500, 0.9540, 0.9577, 0.9593
Sup: 0.9463, 0.9448, 0.9413, 0.9400

 

[WindsorBrokers]

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

EUR/USD

Remains in a near-term corrective mode after leaving a higher low at 1.2720, with break above yesterday’s high at 1.2784, now approaching initial barrier at 1.2811/20, last Friday’s high / Fib 38.2% of 1.3071/1.2665 descend. Hourly studies remain supportive for further extension higher and possible retest of strong resistance at 1.2870 zone that is expected to limit gains, as wider timeframes remain in negative territory. However, regain of levels above 1.2900, would ease bear pressure and look for test of key near-term resistances at 1.3072/1.3100. On the downside, break below 1.2665 to resume broader downtrend and open key supports at 1.2600/1.2586.

Res: 1.2795, 1.2811, 1.2820, 1.2857
Sup: 1.2760, 1.2720, 1.2700, 1.2684

GBP/USD

The pair approaches 1.5500 barrier, figure resistance / Fib 38.2% of 1.5668/1.5374, on a third day of corrective action from 1.5374, last Friday’s fresh low. To confirm near-term basing attempt, regain of 1.5520 zone, Friday’s high / Fib 50%, is required. This would confirm wider picture’s range floor at 1.5360 intact and open way for stronger recovery towards 1.5600/40. Dynamic support at 1.5455, hourly 20 day SMA, maintains near-term bulls, with further dips to be contained above 1.5420, to keep near-term positive structure.

Res: 1.5500, 1.5520, 1.5555, 1.5579
Sup: 1.5450, 1.5420, 1.5400, 1.5374

USD/JPY

Hourly structure remains negative despite dips being contained at 76.75 zone, as 20 day SMA caps the near-term price action. In addition, 90 day SMA on a daily chart, that limited the recent attempts higher, now pointing lower, keeps the downside pressure and possible test of key support at 76.50 in play, with break here to expose 76.00 and pre-intervention low at 75.55. only break above 77.20/32 to avert immediate downside risk.

Res: 77.00, 77.32, 77.40, 77.60
Sup: 76.76, 76.59, 76.55, 76.10

USD/CHF

Near-term price action shows the pair at the back foot, after losing initial support at 0.9500 and additional pressure coming from yesterday’s SNB’s head resignation. Hourly structure remains negative, with 20 day SMA maintaining the latest decline and offering initial resistance, currently at 0.9500. Next downside target lies at 0.9448, Fib 50% of 0.9303/0.9593, loss of which to possibly attract key near-term support at 0.9400 zone, daily 20 day SMA / Fib 61.8%. On the upside, strong barriers lie at 0.9500 and 0.9540, with regain of the latter required to bring bulls in play and open way for retest of yesterday’s high at 0.9593.

Res: 0.9500, 0.9540, 0.9577, 0.9593
Sup: 0.9463, 0.9448, 0.9413, 0.9400

 

[WindsorBrokers]

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

EUR/USD

The pair extended recovery from 1.2665 low, to probe levels above 1.2800 mark, with 1.2817 high, near Fib 38.2% of 1.3071/1.2665, seen so far. Hourly studies remain supportive, as 20 day SMA maintains recent gains. Clear break above 1.2820 to open next array of resistances at 1.2870 zone, Fib 50% / 2011 low, with lift above 1.2900 required to confirm near-term base. Today’s lows at 1.2762/40, offer initial support and are expected to contain dips and keep near-term positive structure intact.

Res: 1.2817, 1.2820, 1.2857, 1.2870
Sup: 1.2762, 1.2740, 1.2720, 1.2700

GBP/USD

Gets congested under 1.5500 barrier, as today’s fresh strength failed to break higher. Three-day corrective phase off 1.5374 low, maintains positive tone as long as 1.5455/45 zone, bull trendline off 1.5374 / today’s low, holds. Break above 1.5500 triangle resistance and clearance of more important 1.5520 barrier, 06 Jan high / Fib 50%, would signal stronger recovery towards next Fibonacci level at 1.5555 and figure resistance at 1.5600.

Res: 1.5500, 1.5520, 1.5555, 1.5579
Sup: 1.5455, 1.5445, 1.5420, 1.5400

USD/JPY

Continues to move within a narrow range, after finding temporary ground at 76.75. Hourly studies are in neutral mode, however, 4H outlook maintains bearish tone, while holding below strong barriers at 77.00 and 77.32, 06 Jan peak, where gains were capped by daily 90 day SMA. Break below 76.75 and strong support at 75.50, would signal an end of corrective phase and fresh bear-leg of the broader downtrend from 78.21, 23 Dec high, with 76.00 to come in focus first.

Res: 77.00, 77.32, 77.40, 77.60
Sup: 76.76, 76.59, 76.55, 76.10

USD/CHF

Attempts to break above near-term 0.9463/0.9500 congestion, to signal possible bottoming, with regain of 0.9540 required to confirm. Hourly studies are gaining momentum, but 4H outlook still under pressure, while 20 day SMA at 0.9420 caps. On the downside, risk is seen on break below 0.9463, to open way for stronger reversal and expose strong support at 0.9400, daily 20 day SMA / Fib 61.8% of 0.9303/0.9593.
Near-term price action shows the pair at the back foot, after losing initial support at

Res: 0.9509, 0.9540, 0.9577, 0.9593
Sup: 0.9463, 0.9448, 0.9413, 0.9400

 

[WindsorBrokers]

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

EUR/USD

The pair extended recovery from 1.2665 low, to probe levels above 1.2800 mark, with 1.2817 high, near Fib 38.2% of 1.3071/1.2665, seen so far. Hourly studies remain supportive, as 20 day SMA maintains recent gains. Clear break above 1.2820 to open next array of resistances at 1.2870 zone, Fib 50% / 2011 low, with lift above 1.2900 required to confirm near-term base. Today’s lows at 1.2762/40, offer initial support and are expected to contain dips and keep near-term positive structure intact.

Res: 1.2817, 1.2820, 1.2857, 1.2870
Sup: 1.2762, 1.2740, 1.2720, 1.2700

GBP/USD

Gets congested under 1.5500 barrier, as today’s fresh strength failed to break higher. Three-day corrective phase off 1.5374 low, maintains positive tone as long as 1.5455/45 zone, bull trendline off 1.5374 / today’s low, holds. Break above 1.5500 triangle resistance and clearance of more important 1.5520 barrier, 06 Jan high / Fib 50%, would signal stronger recovery towards next Fibonacci level at 1.5555 and figure resistance at 1.5600.

Res: 1.5500, 1.5520, 1.5555, 1.5579
Sup: 1.5455, 1.5445, 1.5420, 1.5400

USD/JPY

Continues to move within a narrow range, after finding temporary ground at 76.75. Hourly studies are in neutral mode, however, 4H outlook maintains bearish tone, while holding below strong barriers at 77.00 and 77.32, 06 Jan peak, where gains were capped by daily 90 day SMA. Break below 76.75 and strong support at 75.50, would signal an end of corrective phase and fresh bear-leg of the broader downtrend from 78.21, 23 Dec high, with 76.00 to come in focus first.

Res: 77.00, 77.32, 77.40, 77.60
Sup: 76.76, 76.59, 76.55, 76.10

USD/CHF

Attempts to break above near-term 0.9463/0.9500 congestion, to signal possible bottoming, with regain of 0.9540 required to confirm. Hourly studies are gaining momentum, but 4H outlook still under pressure, while 20 day SMA at 0.9420 caps. On the downside, risk is seen on break below 0.9463, to open way for stronger reversal and expose strong support at 0.9400, daily 20 day SMA / Fib 61.8% of 0.9303/0.9593.
Near-term price action shows the pair at the back foot, after losing initial support at

Res: 0.9509, 0.9540, 0.9577, 0.9593
Sup: 0.9463, 0.9448, 0.9413, 0.9400

 

[WindsorBrokers]

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

EUR/USD

Accelerated corrective bounce off marginally lower low at 1.2660, after yesterday’s positive fundamentals boosted the pair to regain levels above 1.2800 mark. Today’s fresh rally above yesterday’s high at 1.2844 and break above 1.2870 resistance zone, Fib 50% of 1.3075/1.2660 descend / 2011 low, sees scope for attempt towards 1.2900, figure resistance and 1.2915/25, Fib 61.8% / daily 20 day SMA. Positive hourly and 4H studies remain supportive, however, overbought conditions warn of corrective pullback, with initial supports at 1.2844 and 1.2800. Only break below 1.2776, yesterday’s intraday high, would weaken the structure.

Res: 1.2877, 1.2900, 1.2915, 1.2926
Sup: 1.2844, 1.2805, 1.2788, 1.2776

GBP/USD

Extended broader downtrend after loss of 1.5360, Nov-Jan consolidation range, triggered fresh weakness towards key med-term support at 1.5271, 2011 low. Loss were contained just ahead of 1.5271, with current bounce seen corrective and short-lived as long as 1.5420/45 zone, bear trendline off 1.5668 / Fib 38.2% of 1.5668/1.5278 / 10/11 Jan consolidation range floor, limits the upside and only break here to provide relief for possible test of key near-term resistance at 1.5500. On the downside, loss of 1.5278/71, risks fresh weakness towards 1.5000, as daily studies remain bearish.

Res: 1.5400, 1.5420, 1.5445, 1.5470
Sup: 1.5366, 1.5345, 1.5325, 1.5310

USD/JPY

Remains at the back foot after unsuccessful attempt to clear 77.00 barrier triggered fresh extension lower. Loss of previous higher platform at 76.75, now threatening test of key short-term support at 76.50 zone, loss of which risks fresh weakness and possible test of 76.00 initially, ahead of record pre-intervention low at 75.56. Hourly 20 day SMA, currently at 76.77, maintains negative structure, with 77.00/20, 11 Jan high / daily 90 day SMA, capping the upside. Only firm break above 77.20/32 would ease bear pressure and allow for stronger correction.

Res: 76.83, 77.00, 77.32, 77.40
Sup: 76.66, 76.59, 76.55, 76.10

USD/CHF
Continues to trend lower after failure to regain 0.9600 barrier. Fresh bear-leg from 0.9565, 11 Jan lower top, accelerated losses after break below 0.9463, 10 Jan low, to test strong support at 0.9400, daily 20 day SMA / near Fib 61.8% of 0.9303/0.9593. Recovery attempt from here was short-lived, with fresh weakness under way, increasing risk of full retracement of 0.9303/0.9593 upleg. On the upside, initial resistance lies at 0.9450, overnight’s high / hourly 20 day SMA, ahead of 0.9475, 10 Jan lows, with only regain of 0.9500 to improve the near-term outlook.

Res: 0.9434, 0.9450, 0.9475, 0.9500
Sup: 0.9400, 0.9361, 0.9339, 0.9303

 

[WindsorBrokers]

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

EUR/USD

Has spiraled lower after last week’s strong recovery regained levels close to 1.2900 mark. Fresh 1 ½ year low was posted at 1.2622 last Friday, after steep decline followed news of credit rating downgrade. Near-term studies continue to point lower, with recovery attempt from 1.2622 lower being short-lived, despite oversold conditions, as the pair opened lower in Asian session. Immediate focus lies at 1.2600, Fib 76.4% of 1.1875/1.4938, 2010/2011 ascend, ahead of more significant support at 1.2586, 22 Aug 2010 low, loss of which to open way towards key longer-term level at 1.1875, low of 2010. Immediate resistance lies at 1.2700, with dynamic resistance of 4H 20 day SMA, currently at 1.2740, maintaining bears. Only regain of key near-term barrier at 1.2877, would improve the outlook.

Res: 1.2665, 1.2700, 1.2725, 1.2750
Sup: 1.2622, 1.2600, 1.2586, 1.2550

GBP/USD

Continues to channel lower from 1.5668, 04 Jan high, after loss of key supports at 1.5360/1.5271, spiked to fresh low at 1.5233 last Friday, testing levels last seen in July 2010. Negative studies continue to pressure the pair, with 1.5000 zone coming in focus. Bounces are for now seen corrective, with immediate barriers at 1.5380, trendline resistance and 1.5400, last Friday’s high / Fib 38.2% of 1.5668/1.5233, expected to limit the upside. Regain of key short-term barrier at 1.5500 would provide relief.

Res: 1.5328, 1.5360, 1.5400, 1.5425
Sup: 1.5298, 1.5275, 1.5233, 1.5200

USD/JPY

Remains within narrow range, as 77.00 barrier stays intact. Interim support at 76.65 holds for now, however, negative near-term studies keep the downside under pressure, with loss of 76.65 and key support at 76.50, to open way for further weakness at expose 76.00 and record low at 75.56. Only break above 77.20/32, 90 day SMA / 06 Jan high, would ease bear pressure and allow for stronger recovery towards 78.00.

Res: 77.00, 77.32, 77.40, 77.52
Sup: 76.75, 76.65, 76.55, 76.10

USD/CHF

The pair has regained strength after finding support at 0.9400 zone, daily 20 day SMA, where a double bottom was left, ahead of strong rally. Clearance of 0.9500 barrier has so far reached 0.9573, just ahead of key near-term barrier at 0.9600, break of which is required to resume broader uptrend and expose 0.9700 next. Corrective pullbacks are expected to hold above 0.9500, also 4H 20 day SMA, to maintain current positive structure.

Res: 0.9560, 0.9573, 0.9593, 0.9600
Sup: 0.9531, 0.9516, 0.9500, 0.9480

 

[WindsorBrokers]

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

EUR/USD

Has spiraled lower after last week’s strong recovery regained levels close to 1.2900 mark. Fresh 1 ½ year low was posted at 1.2622 last Friday, after steep decline followed news of credit rating downgrade. Near-term studies continue to point lower, with recovery attempt from 1.2622 lower being short-lived, despite oversold conditions, as the pair opened lower in Asian session. Immediate focus lies at 1.2600, Fib 76.4% of 1.1875/1.4938, 2010/2011 ascend, ahead of more significant support at 1.2586, 22 Aug 2010 low, loss of which to open way towards key longer-term level at 1.1875, low of 2010. Immediate resistance lies at 1.2700, with dynamic resistance of 4H 20 day SMA, currently at 1.2740, maintaining bears. Only regain of key near-term barrier at 1.2877, would improve the outlook.

Res: 1.2665, 1.2700, 1.2725, 1.2750
Sup: 1.2622, 1.2600, 1.2586, 1.2550

GBP/USD

Continues to channel lower from 1.5668, 04 Jan high, after loss of key supports at 1.5360/1.5271, spiked to fresh low at 1.5233 last Friday, testing levels last seen in July 2010. Negative studies continue to pressure the pair, with 1.5000 zone coming in focus. Bounces are for now seen corrective, with immediate barriers at 1.5380, trendline resistance and 1.5400, last Friday’s high / Fib 38.2% of 1.5668/1.5233, expected to limit the upside. Regain of key short-term barrier at 1.5500 would provide relief.

Res: 1.5328, 1.5360, 1.5400, 1.5425
Sup: 1.5298, 1.5275, 1.5233, 1.5200

USD/JPY

Remains within narrow range, as 77.00 barrier stays intact. Interim support at 76.65 holds for now, however, negative near-term studies keep the downside under pressure, with loss of 76.65 and key support at 76.50, to open way for further weakness at expose 76.00 and record low at 75.56. Only break above 77.20/32, 90 day SMA / 06 Jan high, would ease bear pressure and allow for stronger recovery towards 78.00.

Res: 77.00, 77.32, 77.40, 77.52
Sup: 76.75, 76.65, 76.55, 76.10

USD/CHF

The pair has regained strength after finding support at 0.9400 zone, daily 20 day SMA, where a double bottom was left, ahead of strong rally. Clearance of 0.9500 barrier has so far reached 0.9573, just ahead of key near-term barrier at 0.9600, break of which is required to resume broader uptrend and expose 0.9700 next. Corrective pullbacks are expected to hold above 0.9500, also 4H 20 day SMA, to maintain current positive structure.

Res: 0.9560, 0.9573, 0.9593, 0.9600
Sup: 0.9531, 0.9516, 0.9500, 0.9480

 

[WindsorBrokers]

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

EUR/USD

Bounces above 1.2700 mark, after yesterday’s consolidation of last Friday’s heavy losses. Break above Fib 50% of 1.2877/1.2622 downleg at 1.2750, opens way for further correction, however, negative larger timeframes studies keep the downside favored, with the latest bounce seen as selling opportunity, as long as 1.2877 high stays intact. Near-term focus remains at 1.2622, ahead of key supports at 1.2600/1.2586, below which to trigger fresh weakness towards 1.2455/1.2330, 2009/2008 lows.

Res: 1.2780, 1.2800, 1.2844, 1.2877
Sup: 1.2722, 1.2700, 1.2686, 1.2650

GBP/USD

Extends corrective bounce from 1.5322, last Friday’s low, breaking above bear-trendline off 1.5668, to retrace over 50% of 1.5668/1.5322 descend. Near-term studies are turning positive and look for test of next barrier at 1.5400 zone, 13 Jan high / Fib 61.8%. Break here is required to open way towards key short-term resistance at 1.5500, above which would confirm near-term bottom and avoid scenario of fresh weakness towards 1.5000 zone.

Res: 1.5400, 1.5408, 1.5425, 1.5446
Sup: 1.5350, 1.5300, 1.5275, 1.5233

USD/JPY

Comes under pressure after failure to clear 77.00 mark triggered fresh weakness that is currently testing key support zone at 76.50. Clear break here to signal an end of med-term post- intervention consolidative phase and open way for test of 76.10/00, ahead of record low at 75.56, posted on 31 Oct 2010. Near-term studies remain negative and favor further weakness, with potential bounce on oversold hourlies seen limited at 76.85/77.00.

Res: 76.65, 76.75, 76.85, 77.00
Sup: 76.50, 76.10, 76.00, 75.65

USD/CHF

Continues to move within the recent 0.9400/0.9573 range, as the main upside target at 0.9600 stays intact for now. Strong reversal under 0.9500 mark faces supports at 0.9470, Fib 61.8% and 0.9450, while risk increases for test of key near-term support at 0.9400, loss of which would trigger fresh weakness towards 0.9300 and further delay broader uptrend from 0.7067.

Res: 0.9500, 0.9523, 0.9564, 0.9573
Sup: 0.9470, 0.9450, 0.9400, 0.9350

 

[WindsorBrokers]

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

EUR/USD

Bounces above 1.2700 mark, after yesterday’s consolidation of last Friday’s heavy losses. Break above Fib 50% of 1.2877/1.2622 downleg at 1.2750, opens way for further correction, however, negative larger timeframes studies keep the downside favored, with the latest bounce seen as selling opportunity, as long as 1.2877 high stays intact. Near-term focus remains at 1.2622, ahead of key supports at 1.2600/1.2586, below which to trigger fresh weakness towards 1.2455/1.2330, 2009/2008 lows.

Res: 1.2780, 1.2800, 1.2844, 1.2877
Sup: 1.2722, 1.2700, 1.2686, 1.2650

GBP/USD

Extends corrective bounce from 1.5322, last Friday’s low, breaking above bear-trendline off 1.5668, to retrace over 50% of 1.5668/1.5322 descend. Near-term studies are turning positive and look for test of next barrier at 1.5400 zone, 13 Jan high / Fib 61.8%. Break here is required to open way towards key short-term resistance at 1.5500, above which would confirm near-term bottom and avoid scenario of fresh weakness towards 1.5000 zone.

Res: 1.5400, 1.5408, 1.5425, 1.5446
Sup: 1.5350, 1.5300, 1.5275, 1.5233

USD/JPY

Comes under pressure after failure to clear 77.00 mark triggered fresh weakness that is currently testing key support zone at 76.50. Clear break here to signal an end of med-term post- intervention consolidative phase and open way for test of 76.10/00, ahead of record low at 75.56, posted on 31 Oct 2010. Near-term studies remain negative and favor further weakness, with potential bounce on oversold hourlies seen limited at 76.85/77.00.

Res: 76.65, 76.75, 76.85, 77.00
Sup: 76.50, 76.10, 76.00, 75.65

USD/CHF

Continues to move within the recent 0.9400/0.9573 range, as the main upside target at 0.9600 stays intact for now. Strong reversal under 0.9500 mark faces supports at 0.9470, Fib 61.8% and 0.9450, while risk increases for test of key near-term support at 0.9400, loss of which would trigger fresh weakness towards 0.9300 and further delay broader uptrend from 0.7067.

Res: 0.9500, 0.9523, 0.9564, 0.9573
Sup: 0.9470, 0.9450, 0.9400, 0.9350