Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

The pair inched higher during the Asian session, but again failed to regain strong barrier at 1.2800, after yesterday’s gains were capped at 1.2800 zone, just under main bear-trendline and subsequent pullback found support above 1.2700 handle. Clearance of 1.2800/10 is required to resume bounce from 1.2622 and expose key near-term barriers at 1.2870/77, daily 20 day SMA that maintains bear-trend from early November 2011 and last Friday’s high, above which to confirm short-term bottom and open way for stronger recovery. On the downside, hourly 20 day SMA offers initial support at 1.2750, ahead of higher base at 1.2710 zone, loss of which would turn near-term tone bearish.

Res: 1.2786, 1.2808, 1.2844, 1.2877
Sup: 1.2750, 1.2716, 1.2710, 1.2700

GBP/USD

Weakens the near-term structure after recovery attempt from 1.5233, last Friday’s fresh 1 ½ year low, ran out of steam at strong resistance zone at 1.5400, 13 Jan high / Fib 38.2% of 1.5668/1.5233 descend. Descend from 1.5400 was contained above 1.5300, also broken bear-trendline, keeping hopes of fresh push towards 1.5400 barrier, break of which is required to continue correction for possible attempt towards key short-term resistance at 1.5500. Failure to sustain gains above 1.5300 and potential break below the latter, would suggest forming of double top and fresh weakness towards 1.5275/33.

Res: 1.5358, 1.5400, 1.5408, 1.5425
Sup: 1.5332, 1.5319, 1.5300, 1.5275

USD/JPY

Maintains negative short-term tone, after the recent failure to clear initial barrier at 77.00, triggered fresh weakness that tested key support at 76.50. Subsequent bounce keeps the latter intact for now, however, negative studies on 1 and 4H charts, keep the downside favored, with bounces towards 77.00 mark seen corrective for now. Only clear break above 77.20/32, daily 90 day SMA / 06 Jan high, would provide relief. On the downside, break below 76.50 to open 76.10/00 next.

Res: 76.73, 76.85, 77.00, 77.20
Sup: 76.62, 76.54, 76.10, 76.00

USD/CHF

Remains at the back foot after repeated failure to reclaim 0.9600 barrier sparked fresh weakness to 0.9445, also Fib 76.4% of 0.9405/0.9573 upleg, where losses were temporary contained. Subsequent recovery attempt was capped at initial barrier at 0.9520 and fresh descend under way, attempting at 0.9445, ahead of key near-term support at 0.9400, below which to open way for further easing and confirm short-term top. On the upside, 20 day SMA at 0.9500 offers initial resistance, ahead of 0.9523, yesterday’s high that is expected to cap the near-term price action, as near-term studies maintain negative tone.

Res: 0.9459, 0.9482, 0.9500, 0.9523
Sup: 0.9445, 0.9410, 0.9400, 0.9350

 

[WindsorBrokers]

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

EUR/USD

The pair inched higher during the Asian session, but again failed to regain strong barrier at 1.2800, after yesterday’s gains were capped at 1.2800 zone, just under main bear-trendline and subsequent pullback found support above 1.2700 handle. Clearance of 1.2800/10 is required to resume bounce from 1.2622 and expose key near-term barriers at 1.2870/77, daily 20 day SMA that maintains bear-trend from early November 2011 and last Friday’s high, above which to confirm short-term bottom and open way for stronger recovery. On the downside, hourly 20 day SMA offers initial support at 1.2750, ahead of higher base at 1.2710 zone, loss of which would turn near-term tone bearish.

Res: 1.2786, 1.2808, 1.2844, 1.2877
Sup: 1.2750, 1.2716, 1.2710, 1.2700

GBP/USD

Weakens the near-term structure after recovery attempt from 1.5233, last Friday’s fresh 1 ½ year low, ran out of steam at strong resistance zone at 1.5400, 13 Jan high / Fib 38.2% of 1.5668/1.5233 descend. Descend from 1.5400 was contained above 1.5300, also broken bear-trendline, keeping hopes of fresh push towards 1.5400 barrier, break of which is required to continue correction for possible attempt towards key short-term resistance at 1.5500. Failure to sustain gains above 1.5300 and potential break below the latter, would suggest forming of double top and fresh weakness towards 1.5275/33.

Res: 1.5358, 1.5400, 1.5408, 1.5425
Sup: 1.5332, 1.5319, 1.5300, 1.5275

USD/JPY

Maintains negative short-term tone, after the recent failure to clear initial barrier at 77.00, triggered fresh weakness that tested key support at 76.50. Subsequent bounce keeps the latter intact for now, however, negative studies on 1 and 4H charts, keep the downside favored, with bounces towards 77.00 mark seen corrective for now. Only clear break above 77.20/32, daily 90 day SMA / 06 Jan high, would provide relief. On the downside, break below 76.50 to open 76.10/00 next.

Res: 76.73, 76.85, 77.00, 77.20
Sup: 76.62, 76.54, 76.10, 76.00

USD/CHF

Remains at the back foot after repeated failure to reclaim 0.9600 barrier sparked fresh weakness to 0.9445, also Fib 76.4% of 0.9405/0.9573 upleg, where losses were temporary contained. Subsequent recovery attempt was capped at initial barrier at 0.9520 and fresh descend under way, attempting at 0.9445, ahead of key near-term support at 0.9400, below which to open way for further easing and confirm short-term top. On the upside, 20 day SMA at 0.9500 offers initial resistance, ahead of 0.9523, yesterday’s high that is expected to cap the near-term price action, as near-term studies maintain negative tone.

Res: 0.9459, 0.9482, 0.9500, 0.9523
Sup: 0.9445, 0.9410, 0.9400, 0.9350

 

[WindsorBrokers]

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

EUR/USD

EUR/USD extends near-term recovery after regaining strong barrier at 1.2877 yesterday, with fresh push through 1.2900, Fib 61.8% of 2012 descend from the annual high at 1.3075. Break above 1.2900 has so far reached 1.2925, fresh 2-week high, as the pair attempts through bull channel resistance, to open next level at 1.2950, Fib 76.4%. Corrective easing on overbought hourly studies, faces initial support at 1.2877, previous resistance, where also hourly 20 day SMA lies, ahead of today’s higher low at 1.2838, above which reversal is anticipated, to keep immediate bulls intact. Only loss of 1.2800 handle would weaken the short-term structure.

Res: 1.2925, 1.2950, 1.3000, 1.3020
Sup: 1.2877, 1.2838, 1.2800, 1.2780

GBP/USD

The pair consolidates today’s gains, after strong rally cleared significant barrier at 1.5400 and fresh extension higher so far tested levels just above Fib 50% of 1.5668/1.5233 downleg at 1.5450. Focus remains at the upside target and strong resistance at 1.5500, 10 Jan highs / Fib 61.8%, while corrective dips are expected reverse at/above 1.5400/1.5380 support zone.

Res: 1.5465, 1.5500, 1.5523, 1.5580
Sup: 1.5432, 1.5414, 1.5400, 1.5380

USD/JPY

Near-term price action sees the pair moving in a narrow range and directionless mode, above key support at 76.50. Hourly and 4H studies keep neutral tone, however, negative daily structure keeps the downside under pressure, with focus at 76.50 and possible extension towards 76.00 on a break, while strong barriers at 77.00/30 zone, 06/16 Jan highs / daily 90 day SMA, continue to limit the upside.

Res: 77.00, 77.20, 77.32, 77.50
Sup: 76.77. 76.67, 76.62, 76.54

USD/CHF

Extends the near-term downtrend after losing strong support at 0.9400, to retrace 23.6% of broader Oct/Jan ascend from 0.8566 to 0.9593, at 0.9345. Immediate focus lies at strong support at 0.9300, 03 Jan low / daily 55 day SMA / lower daily Bollinger band, below which would spark stronger correction, while corrective bounces hold below 0.9400/50 barriers.

Res: 0.9400, 0.9445, 0.9463, 0.9500
Sup: 0.9345, 0.9320, 0.9300, 0.9275

 

[WindsorBrokers]

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

EUR/USD

EUR/USD extends near-term recovery after regaining strong barrier at 1.2877 yesterday, with fresh push through 1.2900, Fib 61.8% of 2012 descend from the annual high at 1.3075. Break above 1.2900 has so far reached 1.2925, fresh 2-week high, as the pair attempts through bull channel resistance, to open next level at 1.2950, Fib 76.4%. Corrective easing on overbought hourly studies, faces initial support at 1.2877, previous resistance, where also hourly 20 day SMA lies, ahead of today’s higher low at 1.2838, above which reversal is anticipated, to keep immediate bulls intact. Only loss of 1.2800 handle would weaken the short-term structure.

Res: 1.2925, 1.2950, 1.3000, 1.3020
Sup: 1.2877, 1.2838, 1.2800, 1.2780

GBP/USD

The pair consolidates today’s gains, after strong rally cleared significant barrier at 1.5400 and fresh extension higher so far tested levels just above Fib 50% of 1.5668/1.5233 downleg at 1.5450. Focus remains at the upside target and strong resistance at 1.5500, 10 Jan highs / Fib 61.8%, while corrective dips are expected reverse at/above 1.5400/1.5380 support zone.

Res: 1.5465, 1.5500, 1.5523, 1.5580
Sup: 1.5432, 1.5414, 1.5400, 1.5380

USD/JPY

Near-term price action sees the pair moving in a narrow range and directionless mode, above key support at 76.50. Hourly and 4H studies keep neutral tone, however, negative daily structure keeps the downside under pressure, with focus at 76.50 and possible extension towards 76.00 on a break, while strong barriers at 77.00/30 zone, 06/16 Jan highs / daily 90 day SMA, continue to limit the upside.

Res: 77.00, 77.20, 77.32, 77.50
Sup: 76.77. 76.67, 76.62, 76.54

USD/CHF

Extends the near-term downtrend after losing strong support at 0.9400, to retrace 23.6% of broader Oct/Jan ascend from 0.8566 to 0.9593, at 0.9345. Immediate focus lies at strong support at 0.9300, 03 Jan low / daily 55 day SMA / lower daily Bollinger band, below which would spark stronger correction, while corrective bounces hold below 0.9400/50 barriers.

Res: 0.9400, 0.9445, 0.9463, 0.9500
Sup: 0.9345, 0.9320, 0.9300, 0.9275

 

[WindsorBrokers]

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

EUR/USD

Moves in a near-term corrective mode after extending one-week rally from 1.2622, 13 Jan low, to 1.2984, just ahead of psychological barrier at 1.3000, also Fib 38.2% of 1.3547/1.2622 downleg. Overnight’s gap lower opening signals selling pressure, as gap remains unfilled before Europe’s opening. Hourly studies are negative, with 20 day SMA maintaining near-term weakness. Initial support at 1.2877, previous resistance, so far holds the downside, with break lower to expose next significant support at 1.2840, 19 Jan higher platform / Fib 38.2% of 1.2622/1.2984 ascend, loss of which and 1.2800 handle, to weaken near-term structure. On the upside, initial resistances lie at 1.2900/50, regain of which to re-focus 1.2984/3000 and signal a resumption of short-term uptrend.

Res: 1.2907, 1.2949, 1.2984, 1.3000
Sup: 1.2875, 1.2840, 1.2800, 1.2750

GBP/USD

Consolidates recent gains, after clearance of strong resistance at 1.5500, 10 Jan lower top / Fib 61.8% of 1.5668/1.5233 decline, extended gains to levels just under next significant barrier at 1.5600, daily 55 day SMA. Dips are so far holding above hourly 20 day SMA, with further easing towards 1.5500, now reverted to support, not ruled out, as hourly studies are losing traction. Higher low above 1.5500 would signal fresh attempt higher and test of 1.5600, while only loss of breakpoint at 1.5450/40 zone, also Fib 38.2% of 1.5233/1.5572 upleg, would sideline short-term bulls.

Res: 1.5500, 1.5523, 1.5580, 1.5600
Sup: 1.5526, 1.5500, 1.5450, 1.5415

USD/JPY

Maintains short-term positive structure after fresh gains broke above initial 77.00 barrier and tested key resistance zone at 77.20/30. Corrective dips remain contained by 20 day SMA, with price hovering at 77.00 level and keeping the near-term focus at 77.30. Break here to trigger stronger rally and expose 77.40, daily 55 day SMA, ahead of next strong resistance zone at 78.00/20. On the downside, loss of 76.90/75 to weaken near-term tone and re-focus key short-term support at 76.50.

Res: 77.07, 77.29, 77.32, 77.40
Sup: 76.90, 76.85, 76.75, 76.65

USD/CHF

Near-term price action shows the pair in recovery mode after suffering heavy losses that resulted in test of very important support at 0.9300, where losses were contained for now. Bounce remains supported by 20 day SMA on hourly chart, with today’s gap-higher opening, suggesting further recovery towards next strong barrier at 0.9400, 19 Jan high / Fib 38.2% of 0.9573/0.9304 decline, where reversal is anticipated, as wider picture’s tone remains negative. Loss of 0.9300 to open 0.9242 and 0.9200 next, while sustained break above 0.9400 would signal stronger recovery and expose 0.9445 next.

Res: 0.9376, 0.9400, 0.9413, 0.9445
Sup: 0.9357, 0.9338, 0.9323, 0.9304

 

[WindsorBrokers]

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

EUR/USD

Moves in a near-term corrective mode after extending one-week rally from 1.2622, 13 Jan low, to 1.2984, just ahead of psychological barrier at 1.3000, also Fib 38.2% of 1.3547/1.2622 downleg. Overnight’s gap lower opening signals selling pressure, as gap remains unfilled before Europe’s opening. Hourly studies are negative, with 20 day SMA maintaining near-term weakness. Initial support at 1.2877, previous resistance, so far holds the downside, with break lower to expose next significant support at 1.2840, 19 Jan higher platform / Fib 38.2% of 1.2622/1.2984 ascend, loss of which and 1.2800 handle, to weaken near-term structure. On the upside, initial resistances lie at 1.2900/50, regain of which to re-focus 1.2984/3000 and signal a resumption of short-term uptrend.

Res: 1.2907, 1.2949, 1.2984, 1.3000
Sup: 1.2875, 1.2840, 1.2800, 1.2750

GBP/USD

Consolidates recent gains, after clearance of strong resistance at 1.5500, 10 Jan lower top / Fib 61.8% of 1.5668/1.5233 decline, extended gains to levels just under next significant barrier at 1.5600, daily 55 day SMA. Dips are so far holding above hourly 20 day SMA, with further easing towards 1.5500, now reverted to support, not ruled out, as hourly studies are losing traction. Higher low above 1.5500 would signal fresh attempt higher and test of 1.5600, while only loss of breakpoint at 1.5450/40 zone, also Fib 38.2% of 1.5233/1.5572 upleg, would sideline short-term bulls.

Res: 1.5500, 1.5523, 1.5580, 1.5600
Sup: 1.5526, 1.5500, 1.5450, 1.5415

USD/JPY

Maintains short-term positive structure after fresh gains broke above initial 77.00 barrier and tested key resistance zone at 77.20/30. Corrective dips remain contained by 20 day SMA, with price hovering at 77.00 level and keeping the near-term focus at 77.30. Break here to trigger stronger rally and expose 77.40, daily 55 day SMA, ahead of next strong resistance zone at 78.00/20. On the downside, loss of 76.90/75 to weaken near-term tone and re-focus key short-term support at 76.50.

Res: 77.07, 77.29, 77.32, 77.40
Sup: 76.90, 76.85, 76.75, 76.65

USD/CHF

Near-term price action shows the pair in recovery mode after suffering heavy losses that resulted in test of very important support at 0.9300, where losses were contained for now. Bounce remains supported by 20 day SMA on hourly chart, with today’s gap-higher opening, suggesting further recovery towards next strong barrier at 0.9400, 19 Jan high / Fib 38.2% of 0.9573/0.9304 decline, where reversal is anticipated, as wider picture’s tone remains negative. Loss of 0.9300 to open 0.9242 and 0.9200 next, while sustained break above 0.9400 would signal stronger recovery and expose 0.9445 next.

Res: 0.9376, 0.9400, 0.9413, 0.9445
Sup: 0.9357, 0.9338, 0.9323, 0.9304

 

[WindsorBrokers]

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

EUR/USD

Resumes the short-term uptrend from 1.2622, 13 Jan low, after corrective pullback from 1.2984, last Friday’s high, as contained at 1.2875, 13 Jan high, previous resistance, now reverted to support, also near broken daily 20 day SMA. Fresh strength through previous high at 1.2984, cleared psychological barrier at 1.3000, en-route to the next significant barrier at 1.3075, 03 Jan year-to-date high, with 1.3030 seen so far. Hourly studies in the positive field, continue to support, however, extended conditions warn of correction. Initial supports lie at 1.3000/1.2984, with zone above 1.2900 mark required to protect the downside.

Res: 1.3030, 1.3050, 1.3075, 1.3100
Sup: 1.3000, 1.2984, 1.2926, 1.2910

GBP/USD

The pair remains under strong resistance at 1.5600, daily 55 day SMA, after mild correction from last Friday’s high at 1.5572, found footstep at 1.5515, just above 1.5500, previous resistance, now acting as strong support. Further consolidation is not ruled out, with short-term bulls seen in play while holding above 1.5500 zone. Clearance of 1.5600 to open fresh leg higher and expose 1.5668/78, 03/04 Jan highs / main bear trendline, ahead of strong barrier at 1.5770 zone, Nov Dec range ceiling. Improving daily studies suggest further recovery.

Res: 1.5582, 1.5600, 1.5668, 1.5678
Sup: 1.5526, 1.5515, 1.5500, 1.5450

USD/JPY

Remains under pressure after another unsuccessful attempt to clear key barrier at 77.30/20. Subsequent easing and loss of 77.00 support, now risks further weakness and possible test of key support at 76.50, with losses being contained at initial support at 76.85. Hourly 20 day SMA, currently at 76.95, along with today’s high at 77.07, is expected to cap the upside for now, as hourly studies are losing momentum.

Res: 77.00, 77.07, 77.32, 77.50
Sup: 76.85, 76.75, 76.65, 76.50

USD/CHF

Slides below 0.9300 support, after initial recovery attempt stalled on approach to 0.9400 barrier and capped by 20 day SMA. Fresh weakness through 55 day SMA, penetrated daily Ichimoku cloud at 0.9300, suggesting further retracement of broader uptrend, with loss of Fibonacci level at 0.9200 to focus 0.9170, daily 90 day SMA. Today’s close below 0.9300 is required to confirm.

Res: 0.9300, 0.9323, 0.9376, 0.9400
Sup: 0.9255, 0.9242, 0.9200, 0.9170

 

[WindsorBrokers]

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

EUR/USD

Resumes the short-term uptrend from 1.2622, 13 Jan low, after corrective pullback from 1.2984, last Friday’s high, as contained at 1.2875, 13 Jan high, previous resistance, now reverted to support, also near broken daily 20 day SMA. Fresh strength through previous high at 1.2984, cleared psychological barrier at 1.3000, en-route to the next significant barrier at 1.3075, 03 Jan year-to-date high, with 1.3030 seen so far. Hourly studies in the positive field, continue to support, however, extended conditions warn of correction. Initial supports lie at 1.3000/1.2984, with zone above 1.2900 mark required to protect the downside.

Res: 1.3030, 1.3050, 1.3075, 1.3100
Sup: 1.3000, 1.2984, 1.2926, 1.2910

GBP/USD

The pair remains under strong resistance at 1.5600, daily 55 day SMA, after mild correction from last Friday’s high at 1.5572, found footstep at 1.5515, just above 1.5500, previous resistance, now acting as strong support. Further consolidation is not ruled out, with short-term bulls seen in play while holding above 1.5500 zone. Clearance of 1.5600 to open fresh leg higher and expose 1.5668/78, 03/04 Jan highs / main bear trendline, ahead of strong barrier at 1.5770 zone, Nov Dec range ceiling. Improving daily studies suggest further recovery.

Res: 1.5582, 1.5600, 1.5668, 1.5678
Sup: 1.5526, 1.5515, 1.5500, 1.5450

USD/JPY

Remains under pressure after another unsuccessful attempt to clear key barrier at 77.30/20. Subsequent easing and loss of 77.00 support, now risks further weakness and possible test of key support at 76.50, with losses being contained at initial support at 76.85. Hourly 20 day SMA, currently at 76.95, along with today’s high at 77.07, is expected to cap the upside for now, as hourly studies are losing momentum.

Res: 77.00, 77.07, 77.32, 77.50
Sup: 76.85, 76.75, 76.65, 76.50

USD/CHF

Slides below 0.9300 support, after initial recovery attempt stalled on approach to 0.9400 barrier and capped by 20 day SMA. Fresh weakness through 55 day SMA, penetrated daily Ichimoku cloud at 0.9300, suggesting further retracement of broader uptrend, with loss of Fibonacci level at 0.9200 to focus 0.9170, daily 90 day SMA. Today’s close below 0.9300 is required to confirm.

Res: 0.9300, 0.9323, 0.9376, 0.9400
Sup: 0.9255, 0.9242, 0.9200, 0.9170

 

[WindsorBrokers]

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

EUR/USD

Maintains short-term bullish structure after pullback from last Friday’s high left higher low at 1.2875, previous high and strong support, ahead of fresh strength through 1.3000, psychological support. Market is approaching key barrier at 1.3080 zone, 03 Jan high / Fib 50% of 1.3547/1.2622 descend, break of which to extend recovery and expose next significant resistance at 1.3145 Oct 2011 low. Initial support lies at 1.2984, with 20 day SMA at 1.2945, maintaining short-term bulls. Only loss of breakpoint at 1.2875 would weaken short-term tone.

Res: 1.3050, 1.3075, 1.3100, 1.3145
Sup: 1.3000, 1.2984, 1.2950, 1.2900

GBP/USD

The pair’s one-week rally from 1.5233, 13 Jan low, accelerated after break through strong barrier at 1.5500, to test 1.5600, figure resistance / daily 55 day SMA, where gains ran out of steam. The pullback is seen corrective while support zone at 1.5515/00 hold the downside, with gains through 1.5600 to open strong resistance zone at 1.5670, highs of 03/04 Jan / 90 day SMA / main bear trendline, drawn off 1.6617 peak, for test. Only loss of 1.5500 would weaken short-term structure.

Res: 1.5578, 1.5600, 1.5668, 1.5678
Sup: 1.5536, 1.5515, 1.5500, 1.5450

USD/JPY

Enters again narrow range directionless trading, after upside stays capped at 77.30 zone and temporary support found above key support at 76.50. Near-term studies are neutral, however, larger timeframes outlook remains skewed to the downside, as daily 90 day SMA continues to cap the upside, with risk seen towards 76.50, loss of which to trigger further weakness and expose next support at 76.00.

Res: 77.07, 77.32, 77.50, 78.00
Sup: 76.85, 76.75, 76.65, 76.50

USD/CHF

The near-term price action sees the pair consolidating recent heavy losses that so far reached 0.9250 low. Narrow consolidation holds below 0.9300, initial resistance, with negative short-term studies keeping the downside favored. Next targets lie at 0.9200, Fib 38.2% of 0.8566/0.9593, ahead of 90 day SMA, currently at 0.9170. Only lift above 0.9300, previous low and dynamic resistance of 20 day SMA, currently at 0.9330, would delay immediate bears, while regain of 0.9376/0.9400 is required to confirm near-term basing.

Res: 0.9300, 0.9323, 0.9376, 0.9400
Sup: 0.9250, 0.9242, 0.9200, 0.9170

 

[WindsorBrokers]

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

EUR/USD

Maintains short-term bullish structure after pullback from last Friday’s high left higher low at 1.2875, previous high and strong support, ahead of fresh strength through 1.3000, psychological support. Market is approaching key barrier at 1.3080 zone, 03 Jan high / Fib 50% of 1.3547/1.2622 descend, break of which to extend recovery and expose next significant resistance at 1.3145 Oct 2011 low. Initial support lies at 1.2984, with 20 day SMA at 1.2945, maintaining short-term bulls. Only loss of breakpoint at 1.2875 would weaken short-term tone.

Res: 1.3050, 1.3075, 1.3100, 1.3145
Sup: 1.3000, 1.2984, 1.2950, 1.2900

GBP/USD

The pair’s one-week rally from 1.5233, 13 Jan low, accelerated after break through strong barrier at 1.5500, to test 1.5600, figure resistance / daily 55 day SMA, where gains ran out of steam. The pullback is seen corrective while support zone at 1.5515/00 hold the downside, with gains through 1.5600 to open strong resistance zone at 1.5670, highs of 03/04 Jan / 90 day SMA / main bear trendline, drawn off 1.6617 peak, for test. Only loss of 1.5500 would weaken short-term structure.

Res: 1.5578, 1.5600, 1.5668, 1.5678
Sup: 1.5536, 1.5515, 1.5500, 1.5450

USD/JPY

Enters again narrow range directionless trading, after upside stays capped at 77.30 zone and temporary support found above key support at 76.50. Near-term studies are neutral, however, larger timeframes outlook remains skewed to the downside, as daily 90 day SMA continues to cap the upside, with risk seen towards 76.50, loss of which to trigger further weakness and expose next support at 76.00.

Res: 77.07, 77.32, 77.50, 78.00
Sup: 76.85, 76.75, 76.65, 76.50

USD/CHF

The near-term price action sees the pair consolidating recent heavy losses that so far reached 0.9250 low. Narrow consolidation holds below 0.9300, initial resistance, with negative short-term studies keeping the downside favored. Next targets lie at 0.9200, Fib 38.2% of 0.8566/0.9593, ahead of 90 day SMA, currently at 0.9170. Only lift above 0.9300, previous low and dynamic resistance of 20 day SMA, currently at 0.9330, would delay immediate bears, while regain of 0.9376/0.9400 is required to confirm near-term basing.

Res: 0.9300, 0.9323, 0.9376, 0.9400
Sup: 0.9250, 0.9242, 0.9200, 0.9170

 

[WindsorBrokers]

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

EUR/USD

Near-term price action runs out of steam, as renewed attempt through 1.3051, yesterday’s high, failed to sustain gains and test next barrier at 1.3075. Subsequent pullback broke below initial support at 1.2984, extending losses to test 20 day SMA at 1.2953 so far. MACD bearish divergence on 4H chart signaled weakness, with hourly studies already in the negative field. Further weakness would risk test of critical support at 1.2875, 13 Jan high / 23 Jan low, with potential break lower, to possibly signal an end of short-term recovery phase. Reversal above 1.2900/1.2875, however, would keep short-term bulls in play, but regain of the territory above 1.30 is required to confirm and re-focus 1.3061, today’s fresh high.

Res: 1.2984, 1.3000, 1.3026, 1.3050
Sup: 1.2950, 1.2917, 1.2900, 1.2875

GBP/USD

Regained strength after corrective pullback from yesterday’s high at 1.5600, found footstep at 1.5532, ahead of strong support zone at 1.5515/0, but fresh rally so far stays under 1.5600, break of which is required to resume short-term uptrend towards strong resistance at 1.5670 zone, highs of 03/04 Jan / 90 day SMA / main bear trendline, drawn off 1.6617 peak. Hourly studies are emerging above their centerlines, while 4H is losing momentum that may risk further consolidation, ahead of fresh attempt higher. Initial static/dynamic support lies at 1.5535, today’s low / 20 day SMA, with break here to risk test of key short-term levels at 1.5515/00.

Res: 1.5593, 1.5600, 1.5668, 1.5678
Sup: 1.5565, 1.5532, 1.5515, 1.5500

USD/JPY

Surges through initial barrier at 77.20/32, 90 day SMA / previous highs, also daily Ichimoku cloud at 77.54, to break above long-term bear-trendline drawn off 124.14, 01 June 2007 high at 77.72, en-route to psychological barrier at 78.00. Break here to open key med-term resistance zone at 78.20/30, Nov-Dec range ceiling. Positive near-term studies support the rally, however, overextended hourly conditions warn of corrective pullback. Previous strong resistance at 77.30 now acts as initial support.

Res: 78.00, 78.21, 78.27, 78.40
Sup: 77.55, 77.32, 77.00, 76.85

USD/CHF

Corrects the recent heavy losses that found temporary support at 0.9230 zone, with regain of initial barrier at 0.9300, looking for further retracement of 0.9573/0.9233 fall. Dynamic resistance at 0.9320, 20 day SMA, comes first, ahead of next significant barrier at 0.9376, yesterday’s high that is expected to limit the upside for now, as short-term studies remain in the negative field. Below 0.9233 to open Fibonacci level at 0.9200, possibly 0.9170, 90 day SMA, while only regain of 0.9376/0.9400 averts downside risk.

Res: 0.9323, 0.9376, 0.9400, 0.9445
Sup: 0.9259, 0.9233, 0.9200, 0.9170

 

[WindsorBrokers]

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

EUR/USD

Near-term price action runs out of steam, as renewed attempt through 1.3051, yesterday’s high, failed to sustain gains and test next barrier at 1.3075. Subsequent pullback broke below initial support at 1.2984, extending losses to test 20 day SMA at 1.2953 so far. MACD bearish divergence on 4H chart signaled weakness, with hourly studies already in the negative field. Further weakness would risk test of critical support at 1.2875, 13 Jan high / 23 Jan low, with potential break lower, to possibly signal an end of short-term recovery phase. Reversal above 1.2900/1.2875, however, would keep short-term bulls in play, but regain of the territory above 1.30 is required to confirm and re-focus 1.3061, today’s fresh high.

Res: 1.2984, 1.3000, 1.3026, 1.3050
Sup: 1.2950, 1.2917, 1.2900, 1.2875

GBP/USD

Regained strength after corrective pullback from yesterday’s high at 1.5600, found footstep at 1.5532, ahead of strong support zone at 1.5515/0, but fresh rally so far stays under 1.5600, break of which is required to resume short-term uptrend towards strong resistance at 1.5670 zone, highs of 03/04 Jan / 90 day SMA / main bear trendline, drawn off 1.6617 peak. Hourly studies are emerging above their centerlines, while 4H is losing momentum that may risk further consolidation, ahead of fresh attempt higher. Initial static/dynamic support lies at 1.5535, today’s low / 20 day SMA, with break here to risk test of key short-term levels at 1.5515/00.

Res: 1.5593, 1.5600, 1.5668, 1.5678
Sup: 1.5565, 1.5532, 1.5515, 1.5500

USD/JPY

Surges through initial barrier at 77.20/32, 90 day SMA / previous highs, also daily Ichimoku cloud at 77.54, to break above long-term bear-trendline drawn off 124.14, 01 June 2007 high at 77.72, en-route to psychological barrier at 78.00. Break here to open key med-term resistance zone at 78.20/30, Nov-Dec range ceiling. Positive near-term studies support the rally, however, overextended hourly conditions warn of corrective pullback. Previous strong resistance at 77.30 now acts as initial support.

Res: 78.00, 78.21, 78.27, 78.40
Sup: 77.55, 77.32, 77.00, 76.85

USD/CHF

Corrects the recent heavy losses that found temporary support at 0.9230 zone, with regain of initial barrier at 0.9300, looking for further retracement of 0.9573/0.9233 fall. Dynamic resistance at 0.9320, 20 day SMA, comes first, ahead of next significant barrier at 0.9376, yesterday’s high that is expected to limit the upside for now, as short-term studies remain in the negative field. Below 0.9233 to open Fibonacci level at 0.9200, possibly 0.9170, 90 day SMA, while only regain of 0.9376/0.9400 averts downside risk.

Res: 0.9323, 0.9376, 0.9400, 0.9445
Sup: 0.9259, 0.9233, 0.9200, 0.9170

 

[WindsorBrokers]

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

EUR/USD

Extends the short-term uptrend, after two days congestion under 1.3061/75 resistance zone. Fresh strength was boosted by yesterday’s FOMC release, surging through 1.3075 and 1.3100, en-route to the next significant barrier at 1.3145, 04 Oct 2011 low and currently testing daily 55 day SMA at 1.3124. Short-term positive sentiment keeps the upside favored, though overextended near-term conditions may slow the rally. Daily structure continues to improve after break above 20 day SMA, with fresh momentum and MACD emerging above the centerlines, suggesting further recovery. Clearance of 1.3145 to open 1.3200 next. On the downside, key support remains at 1.2875, with initial supports lie at 1.3075/61 and 1.3000.

Res: 1.3145, 1.3196, 1.3211, 1.3258
Sup: 1.3100, 1.3075, 1.3061, 1.3000

GBP/USD

The pair resumes short-term uptrend from 1.5233, 13 Jan low, after corrective pullback from 1.5627 was contained at initial support at 1.5530, where fresh strength emerged. Rally through 1.5620/27 barrier, daily Ichimoku cloud base / 24 Jan previous high, is currently testing next strong resistance zone at 1.5760/70, daily 90 day SMA / 03 Jan high / main bear trendline off 1.617 high, with sustained break higher to expose 1.5700, Fib 50% of 1.6164/1.5233 descend, ahead of very strong resistance at 1.5770 zone, Dec’s range ceiling, also near Fib 61.8%. Overextended hourly studies suggest corrective pullback, with initial supports at 1.5627, also 20 day SMA and 1.5600. Key short-term support zone lies at 1.5535/00.

Res: 1.5677, 1.5700, 1.5770, 1.5800
Sup: 1.5627, 1.5600, 1.5550, 1.5530

USD/JPY

USD/JPY has erased over half of its latest strong rally that ended testing key med-term resistance zone at 78.20/30, after release of dollar negative FOMC data accelerated losses through initial support at 77.60, also broken bear-trendline. Negative near-term sentiment keeps the pair under pressure for extension lower and test of strong supports at 77.40/32, Fib 61.8% / previous highs, loss of which to confirm top and signal return to previous 77.32/76.85 range. Initial resistances lie at 77.80 and 78.00 and only break above the latter to ease near-term bear pressure.

Res: 77.80, 78.00, 78.27, 78.40
Sup: 77.50, 77.32, 77.00, 76.85

USD/CHF

Resumes the downtrend off 0.9600 resistance zone, after near-term consolidative/corrective phase failed to sustain gains above initial resistance at .9300, leaving a lower top under strong barrier at 0.9376, ahead of sharp fall under our initial target at 0.9200, Fib 38.2% of 0.8566/0.9593. Negative short-term structure keeps the downside favored, with break below 0.9178, 90 day SMA to expose 0.9100, then 0.9075/64, Fib 50% / 30 Nov 2011 low. Oversold 1 and 4H conditions, however, suggest corrective action preceding fresh weakness, with 0.9230/50 offering initial resistance and 20 day SMA, currently at 0.9275, expected to cap the upside.

Res: 0.9233, 0.9250, 0.9268, 0.9300
Sup: 0.9193, 0.9178, 0.9150, 0.9100

 

[WindsorBrokers]

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

EUR/USD

Extends the short-term uptrend, after two days congestion under 1.3061/75 resistance zone. Fresh strength was boosted by yesterday’s FOMC release, surging through 1.3075 and 1.3100, en-route to the next significant barrier at 1.3145, 04 Oct 2011 low and currently testing daily 55 day SMA at 1.3124. Short-term positive sentiment keeps the upside favored, though overextended near-term conditions may slow the rally. Daily structure continues to improve after break above 20 day SMA, with fresh momentum and MACD emerging above the centerlines, suggesting further recovery. Clearance of 1.3145 to open 1.3200 next. On the downside, key support remains at 1.2875, with initial supports lie at 1.3075/61 and 1.3000.

Res: 1.3145, 1.3196, 1.3211, 1.3258
Sup: 1.3100, 1.3075, 1.3061, 1.3000

GBP/USD

The pair resumes short-term uptrend from 1.5233, 13 Jan low, after corrective pullback from 1.5627 was contained at initial support at 1.5530, where fresh strength emerged. Rally through 1.5620/27 barrier, daily Ichimoku cloud base / 24 Jan previous high, is currently testing next strong resistance zone at 1.5760/70, daily 90 day SMA / 03 Jan high / main bear trendline off 1.617 high, with sustained break higher to expose 1.5700, Fib 50% of 1.6164/1.5233 descend, ahead of very strong resistance at 1.5770 zone, Dec’s range ceiling, also near Fib 61.8%. Overextended hourly studies suggest corrective pullback, with initial supports at 1.5627, also 20 day SMA and 1.5600. Key short-term support zone lies at 1.5535/00.

Res: 1.5677, 1.5700, 1.5770, 1.5800
Sup: 1.5627, 1.5600, 1.5550, 1.5530

USD/JPY

USD/JPY has erased over half of its latest strong rally that ended testing key med-term resistance zone at 78.20/30, after release of dollar negative FOMC data accelerated losses through initial support at 77.60, also broken bear-trendline. Negative near-term sentiment keeps the pair under pressure for extension lower and test of strong supports at 77.40/32, Fib 61.8% / previous highs, loss of which to confirm top and signal return to previous 77.32/76.85 range. Initial resistances lie at 77.80 and 78.00 and only break above the latter to ease near-term bear pressure.

Res: 77.80, 78.00, 78.27, 78.40
Sup: 77.50, 77.32, 77.00, 76.85

USD/CHF

Resumes the downtrend off 0.9600 resistance zone, after near-term consolidative/corrective phase failed to sustain gains above initial resistance at .9300, leaving a lower top under strong barrier at 0.9376, ahead of sharp fall under our initial target at 0.9200, Fib 38.2% of 0.8566/0.9593. Negative short-term structure keeps the downside favored, with break below 0.9178, 90 day SMA to expose 0.9100, then 0.9075/64, Fib 50% / 30 Nov 2011 low. Oversold 1 and 4H conditions, however, suggest corrective action preceding fresh weakness, with 0.9230/50 offering initial resistance and 20 day SMA, currently at 0.9275, expected to cap the upside.

Res: 0.9233, 0.9250, 0.9268, 0.9300
Sup: 0.9193, 0.9178, 0.9150, 0.9100

 

[supersub]

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

I think the current up leg for EURUSD will reach a resistance point at around 1.3270
I am anticipating a high pivot to form around that area. Shorting opportunities can be seen by this week.

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (09:00 GMT)

EUR/USD

The near-term price action shows the pair in corrective pullback after extending two-week uptrend. Regain of significant barriers at 1.3145 and 1.3200, where daily Ichimoku cloud was briefly penetrated, sees scope for further extension higher. The pair so far reached 1.3232, exactly 38.2% retracement of 1.4246/1.2622 descend, looking for test of 1.3300, possibly 1.3429/58, Fib 50% / 08 Dec high, on a break. Dips have so far found footstep at 1.3135, ahead of figure support at 1.3100 and 1.3080, 27 Jan higher platform / Fib 50% of 1.2930/1.3232 ascend that should keep the downside protected for now.

Res: 1.3196, 1.3232, 1.3250, 1.3300
Sup: 1.3100, 1.3080, 1.3061, 1.3045

GBP/USD

Reverses lower after renewed attempt above 1.5700 barrier failed to sustain gains. Pullback of marginally fresh high at 1.5739 vs previous one at 1.5733, dipped below 1.5700 handle, so far holding above initial supports at 1.5660/40, with next array of support standing at 1.5625/00, where also main bull trendline lies. Near-term studies are losing momentum and risk break below 1.5600 that may signal short-term bulls on hold, while reversal above 1.5600 would keep 1.5770, critical resistance, in focus.

Res: 1.5700, 1.5733, 1.5770, 1.5800
Sup: 1.5672, 1.5660, 1.5640, 1.5625

USD/JPY

Maintains negative near-term sentiment after upside rejection at key barrier at 78.20/30 zone, with subsequent strong reversal losing important support at 77.00. Dip below the later now risks test of very important level at 76.50, med-term range floor, below which to open way for test of 76.00 zone initially and possibly posting fresh record lows. Corrective actions are seen limited at 77.00/30 zone for now.

Res: 76.85, 77.00, 77.28, 77.60
Sup: 76.65, 76.50, 76.10, 76.00

USD/CHF

Continues to head south, extending short-term bears from 0.9600 zone, where gains were capped, to post fresh low at 0.9113 last Friday, just ahead of our next downside target at 0.9100 / 0.9075, figure support / Fib 50% of 0.8566/0.9695 ascend. Corrective bounce on oversold near-term conditions, faces initial barrier at 0.9200, also 20 day SMA, while gains are likely to stay capped at 0.9230 zone, 24 Jan low / 27 Jan high, before fresh push lower, as studies on larger timeframes are entering negative territory. Loss of 0.9100 support to open 0.9075/64, Fibonacci level / 30 Nov low and possibly signal broader weakness towards 0.9000 and 0.8955, Fib 61.8% on a break. Only regain of 0.9300/38 barriers would provide relief.

Res: 0.9175, 0.9200, 0.9215, 0.9230
Sup: 0.9134, 0.9113, 0.9100, 0.9075

 

[WindsorBrokers]

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

EUR/USD

The near-term price action shows the pair in corrective pullback after extending two-week uptrend. Regain of significant barriers at 1.3145 and 1.3200, where daily Ichimoku cloud was briefly penetrated, sees scope for further extension higher. The pair so far reached 1.3232, exactly 38.2% retracement of 1.4246/1.2622 descend, looking for test of 1.3300, possibly 1.3429/58, Fib 50% / 08 Dec high, on a break. Dips have so far found footstep at 1.3135, ahead of figure support at 1.3100 and 1.3080, 27 Jan higher platform / Fib 50% of 1.2930/1.3232 ascend that should keep the downside protected for now.

Res: 1.3196, 1.3232, 1.3250, 1.3300
Sup: 1.3100, 1.3080, 1.3061, 1.3045

GBP/USD

Reverses lower after renewed attempt above 1.5700 barrier failed to sustain gains. Pullback of marginally fresh high at 1.5739 vs previous one at 1.5733, dipped below 1.5700 handle, so far holding above initial supports at 1.5660/40, with next array of support standing at 1.5625/00, where also main bull trendline lies. Near-term studies are losing momentum and risk break below 1.5600 that may signal short-term bulls on hold, while reversal above 1.5600 would keep 1.5770, critical resistance, in focus.

Res: 1.5700, 1.5733, 1.5770, 1.5800
Sup: 1.5672, 1.5660, 1.5640, 1.5625

USD/JPY

Maintains negative near-term sentiment after upside rejection at key barrier at 78.20/30 zone, with subsequent strong reversal losing important support at 77.00. Dip below the later now risks test of very important level at 76.50, med-term range floor, below which to open way for test of 76.00 zone initially and possibly posting fresh record lows. Corrective actions are seen limited at 77.00/30 zone for now.

Res: 76.85, 77.00, 77.28, 77.60
Sup: 76.65, 76.50, 76.10, 76.00

USD/CHF

Continues to head south, extending short-term bears from 0.9600 zone, where gains were capped, to post fresh low at 0.9113 last Friday, just ahead of our next downside target at 0.9100 / 0.9075, figure support / Fib 50% of 0.8566/0.9695 ascend. Corrective bounce on oversold near-term conditions, faces initial barrier at 0.9200, also 20 day SMA, while gains are likely to stay capped at 0.9230 zone, 24 Jan low / 27 Jan high, before fresh push lower, as studies on larger timeframes are entering negative territory. Loss of 0.9100 support to open 0.9075/64, Fibonacci level / 30 Nov low and possibly signal broader weakness towards 0.9000 and 0.8955, Fib 61.8% on a break. Only regain of 0.9300/38 barriers would provide relief.

Res: 0.9175, 0.9200, 0.9215, 0.9230
Sup: 0.9134, 0.9113, 0.9100, 0.9075

 

[WindsorBrokers]

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

EUR/USD

Extends pullback from last Friday’s closing, when the pair hit fresh high at 1.3232. Further easing broke below 1.3100 handle, currently testing strong support zone at 1.3080, Jan higher platform / Fib 50% of 1.2930/1.3232 ascend, with risk of extension towards 1.3060/45, main bull trendline / Fib 61.8%, possibly to 1.3000, as hourly Bollingers are widening. Hourly studies maintain negative tone, with oversold conditions suggesting corrective bounce. Immediate barrier lies at 1.3165 zone, also 20 day SMA and only sustained break here to improve near-term structure.

Res: 1.3131, 1.3165, 1.3196, 1.3232
Sup: 1.3075, 1.3061, 1.3045, 1.3000

GBP/USD
Remains under pressure after today’s recovery attempt off 1.5653, where a temporary support was found, failed under 1.5700 barrier, also 20 day SMA, reversing back to 1.5650, strong support zone. Holding above here, would keep possibility of fresh rally and extension of broader uptrend, with clearance of 1.5700 required to expose 1.5739, ahead of critical barrier at 1.5770. Failure to break above 1.5700, however, would risk fresh weakness and expose 1.5615/00, main bull trendline / figure support.

Res: 1.5700, 1.5724, 1.5739, 1.5770
Sup: 1.5653, 1.5640, 1.5625, 1.5600

USD/JPY
Continues to spiral lower after losing very strong support at 76.50 that kept the downside protected for past two months. Hourly studies in the negative territory, keep the downside favored, with initial target at 76.10/00 now in focus, after the pair posted fresh 3-month low at 76.30. Possibility of Bank of Japan’s intervention is getting higher, however, no official comments for now. On the upside, 76.75/85 offers initial barriers, ahead of 77.00/20, that is expected to cap.

Res: 76.50, 76.65, 76.85, 77.00
Sup: 76.30, 76.10, 76.00, 75.56

USD/CHF

Near-term recovery attempt from today’s fresh low at 0.9113, broke briefly above 0.9200, initial barrier. Hourly structure remains supportive for further gains, with regain of 0.9230, also Fib 23.6% of 0.9573/0.9113 descend, required to spark stronger recovery. Weakening studies on larger timeframes, however, keep the downside under pressure and risk further reversal, with 0.9100/0.9075 seen next.

Res: 0.9208, 0.9230, 0.9250, 0.9268
Sup: 0.9160, 0.9134, 0.9113, 0.9100

 

[WindsorBrokers]

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

EUR/USD

Extends pullback from last Friday’s closing, when the pair hit fresh high at 1.3232. Further easing broke below 1.3100 handle, currently testing strong support zone at 1.3080, Jan higher platform / Fib 50% of 1.2930/1.3232 ascend, with risk of extension towards 1.3060/45, main bull trendline / Fib 61.8%, possibly to 1.3000, as hourly Bollingers are widening. Hourly studies maintain negative tone, with oversold conditions suggesting corrective bounce. Immediate barrier lies at 1.3165 zone, also 20 day SMA and only sustained break here to improve near-term structure.

Res: 1.3131, 1.3165, 1.3196, 1.3232
Sup: 1.3075, 1.3061, 1.3045, 1.3000

GBP/USD
Remains under pressure after today’s recovery attempt off 1.5653, where a temporary support was found, failed under 1.5700 barrier, also 20 day SMA, reversing back to 1.5650, strong support zone. Holding above here, would keep possibility of fresh rally and extension of broader uptrend, with clearance of 1.5700 required to expose 1.5739, ahead of critical barrier at 1.5770. Failure to break above 1.5700, however, would risk fresh weakness and expose 1.5615/00, main bull trendline / figure support.

Res: 1.5700, 1.5724, 1.5739, 1.5770
Sup: 1.5653, 1.5640, 1.5625, 1.5600

USD/JPY
Continues to spiral lower after losing very strong support at 76.50 that kept the downside protected for past two months. Hourly studies in the negative territory, keep the downside favored, with initial target at 76.10/00 now in focus, after the pair posted fresh 3-month low at 76.30. Possibility of Bank of Japan’s intervention is getting higher, however, no official comments for now. On the upside, 76.75/85 offers initial barriers, ahead of 77.00/20, that is expected to cap.

Res: 76.50, 76.65, 76.85, 77.00
Sup: 76.30, 76.10, 76.00, 75.56

USD/CHF

Near-term recovery attempt from today’s fresh low at 0.9113, broke briefly above 0.9200, initial barrier. Hourly structure remains supportive for further gains, with regain of 0.9230, also Fib 23.6% of 0.9573/0.9113 descend, required to spark stronger recovery. Weakening studies on larger timeframes, however, keep the downside under pressure and risk further reversal, with 0.9100/0.9075 seen next.

Res: 0.9208, 0.9230, 0.9250, 0.9268
Sup: 0.9160, 0.9134, 0.9113, 0.9100

 

[WindsorBrokers]

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

EUR/USD

Returns to strength, regaining levels just under 1.3200, after yesterday’s pullback from fresh high at 1.3232 was contained at 1.3075, strong support, 27 Jan higher platform / Fib 50% of 1.2930/1.3232 ascend. Some positive tones that came from Greece, keep the single currency supported, however clearance of 1.3232, previous high / Fib 38.2% of 1.4246/1.2622, to signal a resumption of short-term bull-trend and open 1.3300/40, figure resistance / 90 day SMA, next. Positive hourly studies suggest further gains, however, corrective dips are likely. Immediate support lies at 1.3145, 20 day SMA and 1.3111, while only loss of 1.3075/60 support zone, would delay bulls.

Res: 1.3197, 1.3232, 1.3258, 1.3300
Sup: 1.3145, 1.3132, 1.3111, 1.3100

GBP/USD

Retests previous highs and strong barrier at 1.5740 zone, just ahead of very strong resistance at 1.5770, after correction lower was contained by 90 day SMA at 1.5650 zone. Clearance of the latter to signal fresh phase higher, as this will signal a break above two- month range that was capped at 1.5770. Near-term studies remain supportive, but overbought, while daily studies keep strong bullish tone. Dynamic support at 1.5700, 20 day SMA, underpins, while only break below 1.5650/40 zone, previous lows / main bull trendline, would risk stronger weakness.

Res: 1.5753, 1.5770, 1.5800, 1.5850
Sup: 1.5724, 1.5700, 1.5676, 1.5653

USD/JPY

The pair slumps to the levels close to 76.00 support, after upside rejection at 78.30 zone, previous range ceiling / 200 day SMA, triggered sharp reversal. Short-term outlook remains negative, with possible extension below 76.00 and test of record low at 75.56, posted on 31 Oct 2011, seen as likely scenario. However, possibility of Bank of Japan’s action is also quite high, as main support at 76.50 has been lost. Corrective bounces on oversold near-term conditions, face resistance at 76.50/75, with 20 day SMA, currently at 76.85, limiting the upside for now.

Res: 76.50, 76.65, 76.75, 76.85
Sup: 76.16, 76.10, 76.00, 75.56

USD/CHF

Remains under pressure, maintaining short-term negative structure, after corrective bounce from last Friday’s fresh low at 0.9113 was capped by descending 20 day SMA at 0.9208, just ahead of initial barrier at 0.9227, Friday’s high / Fib 23.6% of 0.9573/0.9113 descend. While the latter stays intact, downside risk towards 0.9113 / 0.9100 dominates, with break lower to trigger fresh extension of short-term bear-trend and expose Fib 50% at 0.9075 and figure support at 0.9000.

Res: 0.9165, 0.9188, 0.9208, 0.9227
Sup: 0.9128, 0.9113, 0.9100, 0.9075