Short Term Technical Analysis for Majors

[WindsorBrokers]

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

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

 

[WindsorBrokers]

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

EUR/USD
The pair ticks lower in the mi-European session and beginning of US session, after fresh strength from yesterday’s base at 1.3075, failed to sustain gains above 1.3200 mark. Initially positive sentiment on near-term studies is now fading, with immediate risk of retesting support zone at 1.3160/50, today’s intraday low / 20 day SMA, however, while main bull trendline at 1.3100 and strong support at 1.3075 hold, broader bullish structure would stay intact. Loss of 1.3075 would weaken the near-term structure and confirm completion of Head and Shoulders pattern on hourly chart, as the neckline lies at 1.3075. On the upside, lift above 1.3232, to resume bulls towards 1.3300 next.

Res: 1.3212, 1.3232, 1.3258, 1.3300
Sup: 1.3160, 1.3145, 1.3132, 1.3111

GBP/USD
The recent rally from 1.5653, yesterday’s low and strong support zone, where the pair based, eventually broke above critical barrier at 1.5770, extending gains to 1.5794 so far. Brief consolidation is under way, with positive near-term studies favoring fresh rally and extension above 1.5800, Fib 61.8% of 1.6164/1.5622, for test of next barriers at 1.5875/85. Today’s close above 1.5770 to confirm positive structure. Initial support lies at 1.5740, previous highs / 20 day SMA.

Res: 1.5794, 1.5805, 1.5850, 1.5875
Sup: 1.5761, 1.5740, 1.5724, 1.5700

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 action on oversold near-term conditions remains so far limited under initial barrier at 76.50, however, further extension higher towards 76.75/77.00 is not ruled out, before bears take control.

Res: 76.50, 76.65, 76.75, 76.85
Sup: 76.21, 76.16, 76.10, 76.00

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: 0.9158, 0.9188, 0.9208, 0.9227
Sup: 0.9120, 0.9113, 0.9100, 0.9075

 

[WindsorBrokers]

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

EUR/USD
The pair ticks lower in the mi-European session and beginning of US session, after fresh strength from yesterday’s base at 1.3075, failed to sustain gains above 1.3200 mark. Initially positive sentiment on near-term studies is now fading, with immediate risk of retesting support zone at 1.3160/50, today’s intraday low / 20 day SMA, however, while main bull trendline at 1.3100 and strong support at 1.3075 hold, broader bullish structure would stay intact. Loss of 1.3075 would weaken the near-term structure and confirm completion of Head and Shoulders pattern on hourly chart, as the neckline lies at 1.3075. On the upside, lift above 1.3232, to resume bulls towards 1.3300 next.

Res: 1.3212, 1.3232, 1.3258, 1.3300
Sup: 1.3160, 1.3145, 1.3132, 1.3111

GBP/USD
The recent rally from 1.5653, yesterday’s low and strong support zone, where the pair based, eventually broke above critical barrier at 1.5770, extending gains to 1.5794 so far. Brief consolidation is under way, with positive near-term studies favoring fresh rally and extension above 1.5800, Fib 61.8% of 1.6164/1.5622, for test of next barriers at 1.5875/85. Today’s close above 1.5770 to confirm positive structure. Initial support lies at 1.5740, previous highs / 20 day SMA.

Res: 1.5794, 1.5805, 1.5850, 1.5875
Sup: 1.5761, 1.5740, 1.5724, 1.5700

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 action on oversold near-term conditions remains so far limited under initial barrier at 76.50, however, further extension higher towards 76.75/77.00 is not ruled out, before bears take control.

Res: 76.50, 76.65, 76.75, 76.85
Sup: 76.21, 76.16, 76.10, 76.00

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: 0.9158, 0.9188, 0.9208, 0.9227
Sup: 0.9120, 0.9113, 0.9100, 0.9075

 

[WindsorBrokers]

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

EUR/USD
Near-term structure strengthened again after descend from 1.3212, yesterday’s high, was contained by 20 day EMA, just ahead of 1.3000 support. Strong rally regained 1.3200 handle, penetrating daily Ichimoku cloud again, but struggling to sustain gains through bear-trendline, connecting 1.3232 and 1.3212 highs. Hourly studies remain positive, with 1.3115/00 zone, today’s intraday low / 20 day SMA, required to contain dips on overbought hourlies, with clearance of 1.3200/12 required for fresh attack at 1.3232. Loss of 1.3100 handle would risk return to 1.3000.

Res: 1.3075, 1.3090, 1.3100, 1.3136
Sup: 1.3115, 1.3000, 1.3090, 1.3025

GBP/USD
Strong rally from today’s low at 1.5705, surged through critical barrier at 1.5770/1.5800, Nov/Dec range ceiling / Fib 61.8% of 1.6164/1.5266, to hit fresh 8-week high at 1.5867, just ahead of our initial target at 1.5557, 18 Nov high and figure resistance at 1.5900. Positive short-term structure remains supportive, with supports at 1.5800 and 1.5770, expected to contain corrective action on overbought near-term conditions. Only loss of 1.5700 handle would weaken near-term structure.

Res: 1.5867, 1.5887, 1.5900, 1.5940
Sup: 1.5800, 1.5770, 1.5743, 1.5700

USD/JPY
Remains under pressure after losing key med-term support at 76.50, as the pair ticked lower off near-term narrow consolidation band and tested next support at 76.00. Negative structure keeps the downside in focus, for possible test of all-time low at 75.56 and further extension lower. Immediate barriers lie at 76.40/50, ahead of 76.75/85, while only regain of 77.00 would ease bear pressure.

Res: 76.40, 76.50, 76.75, 76.85
Sup: 76.00, 75.56, 75.00, 74.50

USD/CHF
Continues to move sideways, within 0.9113/0.9250 near-term range, after corrective bounce failed to sustain gains above initial barriers at 0.9208/27, when rally ran out of steam at 0.9250. Near-term studies remain turned towards the downside, as broader downtrend from 0.9600 barrier stays intact, with break below 0.9100 to open Fibonacci levels at 0.9075 and 0.8655, 50% & 61.8%. Only lift above range ceiling at 0.9250, also near Fib 61.8% of 0.9338/0.9113 downleg, to signal bottom and allow for stronger recovery.

Res: 0.9161, 0.9183, 0.9200, 0.9250
Sup: 0.9120, 0.9113, 0.9100, 0.9075

 

[WindsorBrokers]

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

EUR/USD
Near-term structure strengthened again after descend from 1.3212, yesterday’s high, was contained by 20 day EMA, just ahead of 1.3000 support. Strong rally regained 1.3200 handle, penetrating daily Ichimoku cloud again, but struggling to sustain gains through bear-trendline, connecting 1.3232 and 1.3212 highs. Hourly studies remain positive, with 1.3115/00 zone, today’s intraday low / 20 day SMA, required to contain dips on overbought hourlies, with clearance of 1.3200/12 required for fresh attack at 1.3232. Loss of 1.3100 handle would risk return to 1.3000.

Res: 1.3075, 1.3090, 1.3100, 1.3136
Sup: 1.3115, 1.3000, 1.3090, 1.3025

GBP/USD
Strong rally from today’s low at 1.5705, surged through critical barrier at 1.5770/1.5800, Nov/Dec range ceiling / Fib 61.8% of 1.6164/1.5266, to hit fresh 8-week high at 1.5867, just ahead of our initial target at 1.5557, 18 Nov high and figure resistance at 1.5900. Positive short-term structure remains supportive, with supports at 1.5800 and 1.5770, expected to contain corrective action on overbought near-term conditions. Only loss of 1.5700 handle would weaken near-term structure.

Res: 1.5867, 1.5887, 1.5900, 1.5940
Sup: 1.5800, 1.5770, 1.5743, 1.5700

USD/JPY
Remains under pressure after losing key med-term support at 76.50, as the pair ticked lower off near-term narrow consolidation band and tested next support at 76.00. Negative structure keeps the downside in focus, for possible test of all-time low at 75.56 and further extension lower. Immediate barriers lie at 76.40/50, ahead of 76.75/85, while only regain of 77.00 would ease bear pressure.

Res: 76.40, 76.50, 76.75, 76.85
Sup: 76.00, 75.56, 75.00, 74.50

USD/CHF
Continues to move sideways, within 0.9113/0.9250 near-term range, after corrective bounce failed to sustain gains above initial barriers at 0.9208/27, when rally ran out of steam at 0.9250. Near-term studies remain turned towards the downside, as broader downtrend from 0.9600 barrier stays intact, with break below 0.9100 to open Fibonacci levels at 0.9075 and 0.8655, 50% & 61.8%. Only lift above range ceiling at 0.9250, also near Fib 61.8% of 0.9338/0.9113 downleg, to signal bottom and allow for stronger recovery.

Res: 0.9161, 0.9183, 0.9200, 0.9250
Sup: 0.9120, 0.9113, 0.9100, 0.9075

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:30 GMT)

EUR/USD
The upside remains capped under 1.3232, previous peak / Fib 38.2% of 1.4246/1.2622, during past couple of days, as the pair continues to move sideways, holding within 1.3025/1.3200 range. Wider picture, however, keeps short-term bullish structure intact, while daily 20 day EMA holds the downside at 1.3030 zone. Clear break above initial barrier at 1.3200/12, to open 1.3232, strong resistance for retest, above which to start fresh leg higher and expose 1.3300, daily 90 day EMA. Immediate support lies at 1.3140, ahead of 1.3100/1.3075 zone that is expected to hold the downside for now. Only loss of 1.3025, yesterday’s low and 1.3000, Fib 38.2% of 1.2622/1.3232, would weaken short-term structure.

Res: 1.3190, 1.3200, 1.3112, 1.3232
Sup: 1.3140, 1.3115, 1.3000, 1.3075

GBP/USD
Maintains positive structure after sharp rally through critical 1.5770/1.5800 barrier and yesterday’s close above here. The pair has so far reached initial target at 1.5880 zone, 18 Nov high, with 1.5900, figure resistance and 1.5940, 200 day SMA / Fib 76.4%, in focus. However, overbought near-term conditions, suggest corrective pullback may precede fresh rally, with initial levels at 1.5800/1.5570, now reverted to supports, ahead of 1.5700, above which dips should be contained. Only break here would sideline immediate bulls, in favor of stronger correction.

Res: 1.5881, 1.5887, 1.5900, 1.5940
Sup: 1.5817, 1.5800, 1.5770, 1.5743

USD/JPY
Remains under pressure after losing key med-term support at 76.50, as the pair ticked lower off near-term narrow consolidation band and tested 76.00 support. Near-term price action sees the pair in sideways mode, moving within very narrow range, with negative structure keeping the downside in focus, for possible test of all-time low at 75.56 and further extension lower. Immediate barriers lie at 76.40/50, ahead of 76.75/85, are expected to cap corrective rallies. Possible action of BOJ remains on the table.

Res: 76.40, 76.50, 76.75, 76.85
Sup: 76.00, 75.56, 75.00, 74.50

USD/CHF
Continues to move sideways, within 0.9113/0.9250 near-term range, after corrective bounce failed to sustain gains above initial barriers at 0.9208/27, when rally stalled just ahead of Fib 61.8% of 0.9338/0.9113 downleg at 0.9250. Resumption of short-term downtrend from 0.9600 is seen on a break below 0.9100, to open Fibonacci levels at 0.9075 and 0.8955, 50% and 61.8%, as negative daily studies and widening Bollingers, suggest fresh weakness. Only sustained break above range ceiling at 0.9250, would allow for stronger recovery.

Res: 0.9163, 0.9183, 0.9200, 0.9250
Sup: 0.9128, 0.9113, 0.9100, 0.9075

 

[WindsorBrokers]

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

EUR/USD
The upside remains capped under 1.3232, previous peak / Fib 38.2% of 1.4246/1.2622, during past couple of days, as the pair continues to move sideways, holding within 1.3025/1.3200 range. Wider picture, however, keeps short-term bullish structure intact, while daily 20 day EMA holds the downside at 1.3030 zone. Clear break above initial barrier at 1.3200/12, to open 1.3232, strong resistance for retest, above which to start fresh leg higher and expose 1.3300, daily 90 day EMA. Immediate support lies at 1.3140, ahead of 1.3100/1.3075 zone that is expected to hold the downside for now. Only loss of 1.3025, yesterday’s low and 1.3000, Fib 38.2% of 1.2622/1.3232, would weaken short-term structure.

Res: 1.3190, 1.3200, 1.3112, 1.3232
Sup: 1.3140, 1.3115, 1.3000, 1.3075

GBP/USD
Maintains positive structure after sharp rally through critical 1.5770/1.5800 barrier and yesterday’s close above here. The pair has so far reached initial target at 1.5880 zone, 18 Nov high, with 1.5900, figure resistance and 1.5940, 200 day SMA / Fib 76.4%, in focus. However, overbought near-term conditions, suggest corrective pullback may precede fresh rally, with initial levels at 1.5800/1.5570, now reverted to supports, ahead of 1.5700, above which dips should be contained. Only break here would sideline immediate bulls, in favor of stronger correction.

Res: 1.5881, 1.5887, 1.5900, 1.5940
Sup: 1.5817, 1.5800, 1.5770, 1.5743

USD/JPY
Remains under pressure after losing key med-term support at 76.50, as the pair ticked lower off near-term narrow consolidation band and tested 76.00 support. Near-term price action sees the pair in sideways mode, moving within very narrow range, with negative structure keeping the downside in focus, for possible test of all-time low at 75.56 and further extension lower. Immediate barriers lie at 76.40/50, ahead of 76.75/85, are expected to cap corrective rallies. Possible action of BOJ remains on the table.

Res: 76.40, 76.50, 76.75, 76.85
Sup: 76.00, 75.56, 75.00, 74.50

USD/CHF
Continues to move sideways, within 0.9113/0.9250 near-term range, after corrective bounce failed to sustain gains above initial barriers at 0.9208/27, when rally stalled just ahead of Fib 61.8% of 0.9338/0.9113 downleg at 0.9250. Resumption of short-term downtrend from 0.9600 is seen on a break below 0.9100, to open Fibonacci levels at 0.9075 and 0.8955, 50% and 61.8%, as negative daily studies and widening Bollingers, suggest fresh weakness. Only sustained break above range ceiling at 0.9250, would allow for stronger recovery.

Res: 0.9163, 0.9183, 0.9200, 0.9250
Sup: 0.9128, 0.9113, 0.9100, 0.9075

 

[WindsorBrokers]

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

EUR/USD
The near-term price action remains in sideways mode, narrowing the range and forming an hourly triangle, after repeated upside rejections at 1.3200 zone, also daily Ichimoku cloud base. Array of supports lie at 1.3120, triangle support; 1.3084, yesterday’s low and the most significant 1.3025/00, range floor / daily 20 day EMA / Fib 38.2%, loss of which further delay upside attempts in favor of stronger pullback. Wider picture’s studies, however, hold positive short-term tone and see potential for fresh attempt at/through 1.3200/1.3232, recovery highs / Fib 38.2% of 1.4246/1.2622 descend, to signal a resumption of short-term uptrend. Today’s release of US NFP data will give more clues about further action.

Res: 1.3155, 1.3180, 1.3190, 1.3200
Sup: 1.3120, 1.3113, 1.3084, 1.3025

GBP/USD
Consolidates the recent strong rally that cleared key barriers at 1.5770/1.5800 and extended to 1.5880 so far. Near-term price action moves around 1.5800 handle, with two consecutive closings above the latter, signaling possible fresh strength and attack at 1.5900, figure resistance and 1.5950, 200 day SMA, as larger timeframe studies remain positive. Near-term outlook however, still sees risk of further easing, as 4H studies turned towards the downside. Today’s low at 1.5784 offers initial support, ahead of more important bull trendline off 1.5233, currently at 1.5760, break of which to allow for stronger correction and expose 1.5740 and 1.5700.

Res: 1.5881, 1.5887, 1.5900, 1.5940
Sup: 1.5817, 1.5800, 1.5770, 1.5743

USD/JPY
The pair continue to move sideways in a past three days, after sharp sell-off from 78.27 high, where gains were capped by 200 day SMA, tested strong level at 76.00 so far. Near-term studies are neutral, while daily outlook remains negative and keep the downside favored, with test of all-time low at 75.56 seen on a break of 76.00. Initial resistance zone at 76.40/50, caps the upside for now.

Res: 76.40, 76.50, 76.75, 76.85
Sup: 76.13, 76.00, 75.56, 75.00

USD/CHF
Continues to move sideways, within 0.9113/0.9250 near-term range, after corrective bounce failed to sustain gains above initial barriers at 0.9208/27, when rally stalled just ahead of Fib 61.8% of 0.9338/0.9113 downleg at 0.9250. Resumption of short-term downtrend from 0.9600 is seen on a break below 0.9100, to open Fibonacci levels at 0.9075 and 0.8955, 50% and 61.8%, as negative daily studies and widening Bollingers, suggest fresh weakness. Only sustained break above range ceiling at 0.9250, would allow for stronger recovery.

Res: 0.9187, 0.9206, 0.9227, 0.9250
Sup: 0.9161, 0.9128, 0.9113, 0.9100

 

[WindsorBrokers]

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

EUR/USD
Continues to move within 1.3025/1.3200 range, after repeated failure to reclaim previous peak at 1.3232. Near-term tone is showing the downside pressure, as the pair opened with gap lower and continues to move lower. Break below initial support and higher base at 1.3085/65, now looks for test of next levels at 1.3025/00, 01 Feb low / Fib 38.2% of 1.2622/1.3232 ascend, below which would question short-term bulls and open way for further retracement towards next significant support at 1.2930, 25 Jan low / Fib 50%. Near-term studies are in the negative territory, with dailies starting to point lower and price breaking below 55 day SMA, keeping the upside targets out of reach for now. On the upside, filling the overnight gap and regain of 1.3135, 20 day SMA, is required to improve the immediate tone.

Res: 1.3085, 1.3100, 1.3130, 1.3166
Sup: 1.3052, 1.3025, 1.3000, 1.2930

GBP/USD
Corrective easing off 1.5881, 01 Feb fresh high, attempts to base at 1.5750 zone, also main bull trendline, to keep short-term bullish structure intact. However, further correction is not ruled out, as near-term studies are negative, with levels to come in focus on break below 1.5750, at 1.5740 and 5705. Larger timeframe studies remain positive, signaling possible fresh strength and attack at 1.5900, figure resistance and 1.5950, 200 day SMA, while 1.5700 zone and 90 day SMA at 1.5675, hold corrective dips.

Res: 1.5785, 1.5800, 1.5830, 1.5859
Sup: 1.5750, 1.5740, 1.5705, 1.5660

USD/JPY
Near-term positive tone, established after last Friday’s US NFP data, cleared initial resistance at 76.40/50, previous strong support, to test the next barrier at 76.75, so far, ahead of 76.89, Fib 38.2% of 78.27/76.00 downleg. Hourly studies are positive, corrective pullback on overbought conditions under way. Initial support, at 76.50/40 needs to hold the downside for possible fresh strength towards 77.00 and, 77.10 / 77.31, 20 / 55 / 90 days MA’s, also Fib 50%, clearance of which to avert downside risk.

Res: 76.79, 76.89, 77.00, 77.10
Sup: 76.50, 76.40, 76.13, 76.00

USD/CHF
The pair continues to move higher, post US data, after creating near-term base at 0.9110 zone. Regain of previous barriers at 0.9208 and 0.9227, improves near-term outlook, however, while the recent high at 0.9250, also Fib 61.8% of 0.9338/0.9113 descend, needs to be cleared to confirm base and open way for stronger recovery towards 0.9300 and strong barrier at 0.9338, 25 Jan high. Otherwise, holding below 0.9250 would signal further range trading.

Res: 0.9250, 0.9283, 0.9300, 0.9338
Sup: 0.9200, 0.9172, 0.9125, 0.9113

 

[WindsorBrokers]

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

EUR/USD
Continues to move within 1.3025/1.3200 range, after repeated failure to reclaim previous peak at 1.3232. Near-term tone is showing the downside pressure, as the pair opened with gap lower and continues to move lower. Break below initial support and higher base at 1.3085/65, now looks for test of next levels at 1.3025/00, 01 Feb low / Fib 38.2% of 1.2622/1.3232 ascend, below which would question short-term bulls and open way for further retracement towards next significant support at 1.2930, 25 Jan low / Fib 50%. Near-term studies are in the negative territory, with dailies starting to point lower and price breaking below 55 day SMA, keeping the upside targets out of reach for now. On the upside, filling the overnight gap and regain of 1.3135, 20 day SMA, is required to improve the immediate tone.

Res: 1.3085, 1.3100, 1.3130, 1.3166
Sup: 1.3052, 1.3025, 1.3000, 1.2930

GBP/USD
Corrective easing off 1.5881, 01 Feb fresh high, attempts to base at 1.5750 zone, also main bull trendline, to keep short-term bullish structure intact. However, further correction is not ruled out, as near-term studies are negative, with levels to come in focus on break below 1.5750, at 1.5740 and 5705. Larger timeframe studies remain positive, signaling possible fresh strength and attack at 1.5900, figure resistance and 1.5950, 200 day SMA, while 1.5700 zone and 90 day SMA at 1.5675, hold corrective dips.

Res: 1.5785, 1.5800, 1.5830, 1.5859
Sup: 1.5750, 1.5740, 1.5705, 1.5660

USD/JPY
Near-term positive tone, established after last Friday’s US NFP data, cleared initial resistance at 76.40/50, previous strong support, to test the next barrier at 76.75, so far, ahead of 76.89, Fib 38.2% of 78.27/76.00 downleg. Hourly studies are positive, corrective pullback on overbought conditions under way. Initial support, at 76.50/40 needs to hold the downside for possible fresh strength towards 77.00 and, 77.10 / 77.31, 20 / 55 / 90 days MA’s, also Fib 50%, clearance of which to avert downside risk.

Res: 76.79, 76.89, 77.00, 77.10
Sup: 76.50, 76.40, 76.13, 76.00

USD/CHF
The pair continues to move higher, post US data, after creating near-term base at 0.9110 zone. Regain of previous barriers at 0.9208 and 0.9227, improves near-term outlook, however, while the recent high at 0.9250, also Fib 61.8% of 0.9338/0.9113 descend, needs to be cleared to confirm base and open way for stronger recovery towards 0.9300 and strong barrier at 0.9338, 25 Jan high. Otherwise, holding below 0.9250 would signal further range trading.

Res: 0.9250, 0.9283, 0.9300, 0.9338
Sup: 0.9200, 0.9172, 0.9125, 0.9113

 

[WindsorBrokers]

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

EUR/USD
Near-term price action shows the pair under pressure, after several unsuccessful attempts at 1.32 barrier. While daily Ichimoku cloud continues to cap the upside, focus remains at lower targets, as the pair tested near-term range floor at 1.3025 so far. Negative hourly studies see scope for test of 1.3000, figure support / Fib 38.2% of 1.2622/1.3232 upleg, ahead of next significant level at 1.2930, 25 Jan low / Fib 50%. Negative news from Greece, put additional pressure on Euro. Upside barriers at 1.3135/60, 20 day SMA / bear-trendline, are expected to cap for now.

Res: 1.3080, 1.3100, 1.3130, 1.3166
Sup: 1.3025, 1.3000, 1.2953, 1.2930

GBP/USD
Near-term corrective pullback off 1.5881, found temporary support at 1.5730, also 26/27 Jan highs, after losing significant supports at 1.5785 and 1.5750. Quick recovery on oversold hourly studies, heads towards 1.5800 barrier, also 20 day SMA, break of which is required to ease bear pressure and allow for stronger recovery towards 1.5830/45, last Friday’s intraday high / bear-trendline off 1.5881. Failure to lift above 1.5800, however, would risk lower top and fresh extension of near-term corrective phase off 1.5881, with important level at 1.5705, 01 Feb low / Fib 50%, to come in focus.

Res: 1.5800, 1.5830, 1.5860, 1.5881
Sup: 1.5730, 1.5705, 1.5660, 1.5640

USD/JPY
Remains congested around 76.60, after last Friday’s rally cleared initial resistance at 76.40/50, previous strong supports, to test the next barrier at 76.75, daily 20 day SMA, where gains were limited for now, just ahead of 76.89, Fib 38.2% of 78.27/76.00 downleg and 77.00, figure resistance. Holding above 76.50 would keep near-term gains in play for further recovery, however, hourly studies are losing momentum that may risk loss of 76.50 and further reversal. On the upside, regain of 77.00 and MA’s at 77.10/30, is required to confirm base at 76.00 and turn short-term focus higher, as the wider picture shows the pair moving within 76.00/78.00 range.

Res: 76.69, 76.79, 76.89, 77.00
Sup: 76.50, 76.40, 76.13, 76.00

USD/CHF
The pair maintains positive near-term structure, after last Friday’s upbeat jobs data, boosted the dollar. Bounce off near-term base at 0.9110 zone and regain of previous barriers at 0.9208 and 0.9227, resulted in brief break above key near-term barrier and range ceiling at 0.9250, also Fib 61.8% of 0.9338/0.9113 downleg. Sustained break here is required to resume recovery and open 0.9300 and strong barrier at 0.9338, 25 Jan high and confirm base. Near-term studies remain supportive, however, corrective pullback may precede fresh gains, as 1 and 4H RSI is in overbought zone. Only loss of 0.9200/0.9180 would weaken near-term structure and signal further range-trade.

Res: 0.9261, 0.9283, 0.9300, 0.9338
Sup: 0.9222, 0.9210, 0.9200, 0.9172

 

[WindsorBrokers]

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

EUR/USD
Near-term price action shows the pair under pressure, after several unsuccessful attempts at 1.32 barrier. While daily Ichimoku cloud continues to cap the upside, focus remains at lower targets, as the pair tested near-term range floor at 1.3025 so far. Negative hourly studies see scope for test of 1.3000, figure support / Fib 38.2% of 1.2622/1.3232 upleg, ahead of next significant level at 1.2930, 25 Jan low / Fib 50%. Negative news from Greece, put additional pressure on Euro. Upside barriers at 1.3135/60, 20 day SMA / bear-trendline, are expected to cap for now.

Res: 1.3080, 1.3100, 1.3130, 1.3166
Sup: 1.3025, 1.3000, 1.2953, 1.2930

GBP/USD
Near-term corrective pullback off 1.5881, found temporary support at 1.5730, also 26/27 Jan highs, after losing significant supports at 1.5785 and 1.5750. Quick recovery on oversold hourly studies, heads towards 1.5800 barrier, also 20 day SMA, break of which is required to ease bear pressure and allow for stronger recovery towards 1.5830/45, last Friday’s intraday high / bear-trendline off 1.5881. Failure to lift above 1.5800, however, would risk lower top and fresh extension of near-term corrective phase off 1.5881, with important level at 1.5705, 01 Feb low / Fib 50%, to come in focus.

Res: 1.5800, 1.5830, 1.5860, 1.5881
Sup: 1.5730, 1.5705, 1.5660, 1.5640

USD/JPY
Remains congested around 76.60, after last Friday’s rally cleared initial resistance at 76.40/50, previous strong supports, to test the next barrier at 76.75, daily 20 day SMA, where gains were limited for now, just ahead of 76.89, Fib 38.2% of 78.27/76.00 downleg and 77.00, figure resistance. Holding above 76.50 would keep near-term gains in play for further recovery, however, hourly studies are losing momentum that may risk loss of 76.50 and further reversal. On the upside, regain of 77.00 and MA’s at 77.10/30, is required to confirm base at 76.00 and turn short-term focus higher, as the wider picture shows the pair moving within 76.00/78.00 range.

Res: 76.69, 76.79, 76.89, 77.00
Sup: 76.50, 76.40, 76.13, 76.00

USD/CHF
The pair maintains positive near-term structure, after last Friday’s upbeat jobs data, boosted the dollar. Bounce off near-term base at 0.9110 zone and regain of previous barriers at 0.9208 and 0.9227, resulted in brief break above key near-term barrier and range ceiling at 0.9250, also Fib 61.8% of 0.9338/0.9113 downleg. Sustained break here is required to resume recovery and open 0.9300 and strong barrier at 0.9338, 25 Jan high and confirm base. Near-term studies remain supportive, however, corrective pullback may precede fresh gains, as 1 and 4H RSI is in overbought zone. Only loss of 0.9200/0.9180 would weaken near-term structure and signal further range-trade.

Res: 0.9261, 0.9283, 0.9300, 0.9338
Sup: 0.9222, 0.9210, 0.9200, 0.9172

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (09:30 GMT)

EUR/USD
Has regained some ground after yesterday’s weakness was contained at key near-term support and range floor at 1.3025. The downside remains vulnerable, as long as key barriers at 1.3200/32 cap the upside. This morning’s fresh strength probed levels above bear-trendline at 1.3160, however, sustained break here is required maintain fresh strength off 1.3025 for possible attack at 1.3200/32. Hourly studies are turning positive, with 20 day SMA at 1.3110, underpinning. On the downside, break below 1.3100/1.3088, to signal an end of recovery attempt and re-focus key near-term support at 1.3025.

Res: 1.3080, 1.3100, 1.3130, 1.3166
Sup: 1.3025, 1.3000, 1.2953, 1.2930

GBP/USD
Improves the near-term outlook after yesterday’s dip under strong support at 1.5750, 03 Feb low / Fib 38.2% of 1.5530/1.5881, proved to be a false break, as the pair quickly recovered to the levels above 1.5800. However, broader picture keeps the negative tone, a long as bear-trendline off 1.5881, currently at 1.5837, limits the upside. Break here is required to open 1.5859 and 1.5881 barriers and signal an end of near-term corrective/consolidative phase. Key near-term supports lie at 1.5730/05 and only loss of the latter to sideline short-term bulls in favor of stronger correction.

Res: 1.5839, 1.5859, 1.5881, 1.5900
Sup: 1.5800, 1.5791, 1.5750, 1.5730

USD/JPY
The pair enters near-term range-trade, following the latest rally of 76.00 base that was limited at 76.80 so far. However, while key support and recent range floor at 76.50 holds, the potential for further recovery exists, with break through Fibonacci 38.2% at 76.86 and 77.00, figure resistance, to expose dynamic resistances at 77.10/30, 55 / 90 day SMA’s and Ichimoku cloud base at 77.40. Regain of these levels is required to bring the pair back to the previous ranges and avert downside risk of testing all-time low at 75.56.

Res: 76.79, 76.89, 77.00, 77.10
Sup: 76.61, 76.50, 76.40, 76.13

USD/CHF
Returns to the near-term range, after yesterday’s brief break above strong barrier and range ceiling at 0.9250, also Fib 38.2% of 0.9338/0.9113 descend. Sharp reversal and break below 0.9200 handle, turns the near-term structure into neutral/negative territory, with break of either side to define near-term direction. Daily studies, however, keep the downside focused, as congestion at 0.9250 zone limits the upside, with widening daily Bollingers, looking for retest of 0.9113/00 for possible attack at Ichimoku cloud base at 0.9057, below which to signal further extension of short-term downtrend from 0.9593, 09 Jan peak.

Res: 0.9200, 0.9213, 0.9250, 0.9261
Sup: 0.9160, 0.9125, 0.9113, 0.9100

 

[WindsorBrokers]

Windsor Brokers - Short Term Technical Analysis for Majors (09:30 GMT)

EUR/USD
Has regained some ground after yesterday’s weakness was contained at key near-term support and range floor at 1.3025. The downside remains vulnerable, as long as key barriers at 1.3200/32 cap the upside. This morning’s fresh strength probed levels above bear-trendline at 1.3160, however, sustained break here is required maintain fresh strength off 1.3025 for possible attack at 1.3200/32. Hourly studies are turning positive, with 20 day SMA at 1.3110, underpinning. On the downside, break below 1.3100/1.3088, to signal an end of recovery attempt and re-focus key near-term support at 1.3025.

Res: 1.3080, 1.3100, 1.3130, 1.3166
Sup: 1.3025, 1.3000, 1.2953, 1.2930

GBP/USD
Improves the near-term outlook after yesterday’s dip under strong support at 1.5750, 03 Feb low / Fib 38.2% of 1.5530/1.5881, proved to be a false break, as the pair quickly recovered to the levels above 1.5800. However, broader picture keeps the negative tone, a long as bear-trendline off 1.5881, currently at 1.5837, limits the upside. Break here is required to open 1.5859 and 1.5881 barriers and signal an end of near-term corrective/consolidative phase. Key near-term supports lie at 1.5730/05 and only loss of the latter to sideline short-term bulls in favor of stronger correction.

Res: 1.5839, 1.5859, 1.5881, 1.5900
Sup: 1.5800, 1.5791, 1.5750, 1.5730

USD/JPY
The pair enters near-term range-trade, following the latest rally of 76.00 base that was limited at 76.80 so far. However, while key support and recent range floor at 76.50 holds, the potential for further recovery exists, with break through Fibonacci 38.2% at 76.86 and 77.00, figure resistance, to expose dynamic resistances at 77.10/30, 55 / 90 day SMA’s and Ichimoku cloud base at 77.40. Regain of these levels is required to bring the pair back to the previous ranges and avert downside risk of testing all-time low at 75.56.

Res: 76.79, 76.89, 77.00, 77.10
Sup: 76.61, 76.50, 76.40, 76.13

USD/CHF
Returns to the near-term range, after yesterday’s brief break above strong barrier and range ceiling at 0.9250, also Fib 38.2% of 0.9338/0.9113 descend. Sharp reversal and break below 0.9200 handle, turns the near-term structure into neutral/negative territory, with break of either side to define near-term direction. Daily studies, however, keep the downside focused, as congestion at 0.9250 zone limits the upside, with widening daily Bollingers, looking for retest of 0.9113/00 for possible attack at Ichimoku cloud base at 0.9057, below which to signal further extension of short-term downtrend from 0.9593, 09 Jan peak.

Res: 0.9200, 0.9213, 0.9250, 0.9261
Sup: 0.9160, 0.9125, 0.9113, 0.9100

 

[WindsorBrokers]

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

EUR/USD
Break above 1.3232, previous high / Fib 38.2% of 1.4246/1.2622, ended near-term corrective phase that found ground at 1.3025, where fresh strength emerged and triggered fresh extension of short-term uptrend from 1.2622, 13 Jan low. Immediate upside target at 1.3300 comes under pressure, with more significant levels at 1.3320, 90 day SMA and 1.3400/30, figure resistance / Fib 50%, coming in focus. Short-term studies remain positive, however, overbought conditions warn of correction. Previous high at 1.3232 offers immediate support, ahead of 1.3200 zone and dynamic 20 day SMA at 1.3150, where dips should be contained. Key short-term support lies at 1.3025 higher platform.

Res: 1.3285, 1.3300, 1.3320, 1.3460
Sup: 1.3240, 1.3232, 1.3216, 1.3200

GBP/USD
The pair cleared near-term barrier at 1.5880, after fresh strength emerged from 1.5730, where higher low was left on a false break below 1.5750, previous range floor. Break above 1.5900, now approaches important 200 day SMA barrier at 1.5935, however, despite positive short and longer-term studies, overbought conditions on shorter and larger timeframes, suggest that pair may struggle at this point. Initial supports lie at 1.5880, 1.5860 and 1.5840.

Res: 1.5900, 1.5935, 1.6000, 1.6050
Sup: 1.5880, 1.5860, 1.5840, 1.5800

USD/JPY
Resumes the near-term uptrend off 76.00 base, after important level at 76.50 contained short consolidative phase. Regain of 77.00 handle and 55 day SMA at 77.10, also Fib 50% of 78.27/76.00 descend, now looks for test of next dynamic barrier of 90 day SMA, currently at 78.28, to continue recovery towards 78.00. Near-term studies are supportive, however, extended conditions see risk of consolidation/correction, preceding fresh rally. Immediate support lies at 76.80, while only loss of 76.50, would weaken the near-term tone.

Res: 77.14, 77.28, 77.50, 78.00
Sup: 77.00, 76.80, 76.61, 76.50

USD/CHF
Breaks briefly below the near-term range floor at 0.9113, after upside failure to clear range ceiling at Fibonacci level at 0.9250, triggered sharp sell-off. This signals possible end of consolidative phase and resumption of broader downtrend from 0.9600 area, with clear break below 0.9100 required to confirm. Dib 50% of 0.8566/0.9593, at 0.9075, comes next, ahead of 90 day SMA, currently at 0.9000. On the upside, only regain of 0.9200 would avert immediate downside risk and signal further range trading.

Res: 0.9139, 0.9155, 0.9177, 0.9200
Sup: 0.9100, 0.9075, 0.9050, 0.9000

 

[WindsorBrokers]

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

EUR/USD
Break above 1.3232, previous high / Fib 38.2% of 1.4246/1.2622, ended near-term corrective phase that found ground at 1.3025, where fresh strength emerged and triggered fresh extension of short-term uptrend from 1.2622, 13 Jan low. Immediate upside target at 1.3300 comes under pressure, with more significant levels at 1.3320, 90 day SMA and 1.3400/30, figure resistance / Fib 50%, coming in focus. Short-term studies remain positive, however, overbought conditions warn of correction. Previous high at 1.3232 offers immediate support, ahead of 1.3200 zone and dynamic 20 day SMA at 1.3150, where dips should be contained. Key short-term support lies at 1.3025 higher platform.

Res: 1.3285, 1.3300, 1.3320, 1.3460
Sup: 1.3240, 1.3232, 1.3216, 1.3200

GBP/USD
The pair cleared near-term barrier at 1.5880, after fresh strength emerged from 1.5730, where higher low was left on a false break below 1.5750, previous range floor. Break above 1.5900, now approaches important 200 day SMA barrier at 1.5935, however, despite positive short and longer-term studies, overbought conditions on shorter and larger timeframes, suggest that pair may struggle at this point. Initial supports lie at 1.5880, 1.5860 and 1.5840.

Res: 1.5900, 1.5935, 1.6000, 1.6050
Sup: 1.5880, 1.5860, 1.5840, 1.5800

USD/JPY
Resumes the near-term uptrend off 76.00 base, after important level at 76.50 contained short consolidative phase. Regain of 77.00 handle and 55 day SMA at 77.10, also Fib 50% of 78.27/76.00 descend, now looks for test of next dynamic barrier of 90 day SMA, currently at 78.28, to continue recovery towards 78.00. Near-term studies are supportive, however, extended conditions see risk of consolidation/correction, preceding fresh rally. Immediate support lies at 76.80, while only loss of 76.50, would weaken the near-term tone.

Res: 77.14, 77.28, 77.50, 78.00
Sup: 77.00, 76.80, 76.61, 76.50

USD/CHF
Breaks briefly below the near-term range floor at 0.9113, after upside failure to clear range ceiling at Fibonacci level at 0.9250, triggered sharp sell-off. This signals possible end of consolidative phase and resumption of broader downtrend from 0.9600 area, with clear break below 0.9100 required to confirm. Dib 50% of 0.8566/0.9593, at 0.9075, comes next, ahead of 90 day SMA, currently at 0.9000. On the upside, only regain of 0.9200 would avert immediate downside risk and signal further range trading.

Res: 0.9139, 0.9155, 0.9177, 0.9200
Sup: 0.9100, 0.9075, 0.9050, 0.9000

 

[WindsorBrokers]

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

EUR/USD
Rallies higher after rather positive news from Greece, to recover last Friday’s losses that found support at 1.3150. Today’s gap higher opening suggests possible extension towards 1.3300/20 barriers, where 90 day SMA limited upside attempts. The recent rally suggests that most of the optimism regarding Greece’s deal have already been priced in, although positive hourly studies support the latest advance, along with wider picture’s outlook. Clearance of 1.3320 MA is required to resume short-term rally and open 1.3400 and Fibonacci level at 1.3425. Immediate barriers lie at 1.3285/1.3300 zone, while downside remains protected at 1.3220/00 zone, also 20 day SMA and only loss of the latter to trigger further weakness and cover today’s gap.

Res: 1.3275, 1.3285, 1.3300, 1.3320
Sup: 1.3232, 1.3220, 1.3200, 1.3153

GBP/USD
Extended the near-term weakness off 1.5926, 08 Feb peak and 200 day SMA, to test key near-term support at 1.5730 last Friday. Current bounce is seen corrective as long as 1.5820/50, trendline resistance / Friday’s high / 20 day SMA, stay intact, as the pair struggles at 1.5800, former higher base and broken H&S neckline. Risk is seen of fresh lower high and retest of 1.5730, loss of which to open next supports at 1.5700 and 1.5650. Only lift above 1.5820 would provide near-term relief.

Res: 1.5800, 1.5820, 1.5850, 1.5880
Sup: 1.5777, 1.5757, 1.5730, 1.5700

USD/JPY
Remains in a strong uptrend, with near-term price action seen consolidating the recent gains that peaked at 77.80 and currently moving within 77.50/80 range. Near-term focus is at next strong barrier at 78.00, where main bear trendline off 2007 peak and 200 day SMA lie, above which to focus the next significant resistance at 78.27, Nov/Dec 2011 range ceiling / 25 Jan peak. Daily studies are breaking above their midlines and confirming the current bullish structure. Today’s low at 77.50, offers initial support, with previous high and Fibonacci level at 77.20, expected to contain corrective dips.

Res: 77.80, 78.00, 78.27, 78.40
Sup: 77.50, 77.20, 77.00, 76.80

USD/CHF
The pair comes under pressure again after false break below static support at 0.9100 and subsequent bounce stalled at 0.9200. Today’s gap lower opening and current test of 0.9100 risks further weakness, as the upside stays capped for now. Firm break below 0.9100 and 0.9075, Fibonacci 50% of 0.8566/0.9593 ascend / daily Ichimoku cloud base, to resume short-term weakness off 0.9593, 09 Jan peak and expose 0.9000, figure support and Fib 61.8% at 0.8955.

Res: 0.9134, 0.9158, 0.9171, 0.9200
Sup: 0.9150, 0.9135, 0.9110, 0.9100

 

[WindsorBrokers]

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

EUR/USD
Holds near-term positive tone off 1.3153, Friday’s low, as the price action so far tested initial resistance at 1.3280. Corrective easing is attempting to base at 1.3230 support, also hourly 20 day SMA and hold above Fib 38.2% at 1.3240, that would keep the upside in focus. Clearance of 1.3280 to open 1.3300 and key near-term barrier at 1.3320, also 90 day SMA, where recent gains were capped. Break here is required to resume short-term uptrend towards 1.3400 initially. On the downside, loss of 1.3230/00 would weaken the near-term structure and risk test of 1.3150, previous low / bull-trendline off 1.2622, 13 Jan low.

Res: 1.3270, 1.3285, 1.3300, 1.3320
Sup: 1.3232, 1.3220, 1.3200, 1.3153

GBP/USD
Remains congested under main bear trendline at 1.5800 zone, as several attempts through here failed, with price action also being limited by 20 day SMA on 4H chart. Hourly structure is still in positive territory, however, 4H studies are losing traction. While the upside stays capped under 1.5800/20, risk exists of fresh leg lower and possible test of 1.5750, today’s low and very strong support at 1.5730, last Friday / 06 Feb lows, loss of which would further weaken negative short-term structure off 1.5926 peak. Only lift above 1.5820 and next lower high at 1.5850 would avert downside risk and confirm near-term bottom at 1.5730. Wider picture’s tone, however, remains positive, a long as 1.5700/1.5690, previous low / 90 day SMA, holds.

Res: 1.5800, 1.5820, 1.5850, 1.5880
Sup: 1.5777, 1.5757, 1.5730, 1.5700

USD/JPY
The pair stays in past two day sideways mode, ranging between 77.50 and 77.80 band, consolidating the latest strong rally from 76.00 base that peaked at 77.80 last Friday. Short-term structure remains positive and keeps the upside targets at 78.00, main bear-trendline / 200 day SMA and 78.27, Nov/Dec 2011 range ceiling / 25 Jan peak, in focus. However, further easing towards 77.5, range floor and 77.20, is not ruled out, before bulls resume. Only loss of 77.00 handle, near Fib 50% of 76.00 / 77.80 rally, would weaken the near-term structure.

Res: 77.80, 78.00, 78.27, 78.40
Sup: 77.50, 77.20, 77.00, 76.80

USD/CHF
Continues to trade above 0.9100 support, as last Friday’s / today’s descend was again contained here. This signals further sideways trading and also suggests basing attempt at 0.9100/0.9090 lows, with regain of minimum 0.9200, previous high, required to confirm and expose key near-term barriers and range floor at 0.9250/60. Otherwise, further weakness and fresh attack at 0.9100 and more significant support at 0.9075, Fib 50% of 0.8566/0.9593 ascend / daily Ichimoku cloud base and further easing towards 0.9000, would be the likely scenario

Res: 0.9140, 0.9158, 0.9171, 0.9200
Sup: 0.9100, 0.9090, 0.9075, 0.9050

 

[WindsorBrokers]

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

EUR/USD
The pair comes under increased pressure after yesterday’s failure to clear initial resistance at 1.3280, resulted in fresh weakness. Loss of day low at 1.5757 filled the gap, extending losses through last Friday’s low at 1.3153, also main bull trendline off 1.2622, 13 Jan low, after downgrade of a number of European countries was announced. Break below daily 20 day SMA, currently at 1.3117 to open way towards next targets at 1.3100/1.3090 zone, with key near-term support at 1.3025, to come in focus. Corrective action on oversold hourly conditions, faces strong resistance at 1.3200/30 zone that is expected to limit the upside for now.

Res: 1.3163, 1.3200, 1.3220, 1.3230
Sup: 1.3126, 1.3100, 1.3090, 1.3025

GBP/USD
Yesterday’s failure to clear 1.5800 congestion, also bear trendline off 1.5926 high, triggered fresh weakness through higher platform and H&S neckline at 1.5730 and 1.5700, daily 20 / 90 day SMA’s, to signal further weakness ahead. Immediate targets lie at 1.5650/40 zone, as near-term studies remain negative. Oversold conditions on hourly chart, however, suggest corrective rally before near-term bears resume, with 1.5790 zone, 20 day SMA / trendline resistance, expected to cap.

Res: 1.5727, 1.5757, 1.5777, 1.5790
Sup: 1.5683, 1.5650, 1.5640, 1.5600

USD/JPY
The near-term positive sentiment was boosted by BoJ decision to further loosen monetary policy, as the pair emerged from two-day consolidation, rallying through long-term bear-trendline, drawn off 2007 high and attempting through next strong barrier at 78.05, 200 day SMA . Break here to expose another significant resistance at 78.27, Nov/Dec 2011 range ceiling / 25 Jan peak, to possibly re-focus post-intervention highs at 79.00/50, on a break. Near-term studies are positive, yet no signals of reversal, despite overbought hourly conditions. Initial support lies at 77.80, previous range ceiling, with 20 day SMA at 77.65, expected to contain. Only break below yesterday’s lows at 77.35, would delay immediate bulls.

Res: 78.05, 78.27, 78.40, 79.00
Sup: 77.80, 77.50, 77.35, 77.20

USD/CHF
Returns to the near-term range, after finding good support at 0.9100, with sharp recovery after false break lower, regaining last Friday’s high at 0.9200 zone. Studies on 4H chart turned positive and see potential for further extension higher and test of key upside levels at 0.9250/60, near-term range ceiling, break of which to open way for stronger recovery of broader downtrend from 0.9600 high. Clear break above 0.9200 barrier is required, however, pullback overbought hourly conditions, may delay rally. Immediate support lies at 0.9170, ahead of strong one at 0.9150 zone.

Res: 0.9195, 0.9225, 0.9250, 0.9260
Sup: 0.9170, 0.9158, 0.9150, 0.9100

 

[WindsorBrokers]

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

EUR/USD
The pair comes under increased pressure after yesterday’s failure to clear initial resistance at 1.3280, resulted in fresh weakness. Loss of day low at 1.5757 filled the gap, extending losses through last Friday’s low at 1.3153, also main bull trendline off 1.2622, 13 Jan low, after downgrade of a number of European countries was announced. Break below daily 20 day SMA, currently at 1.3117 to open way towards next targets at 1.3100/1.3090 zone, with key near-term support at 1.3025, to come in focus. Corrective action on oversold hourly conditions, faces strong resistance at 1.3200/30 zone that is expected to limit the upside for now.

Res: 1.3163, 1.3200, 1.3220, 1.3230
Sup: 1.3126, 1.3100, 1.3090, 1.3025

GBP/USD
Yesterday’s failure to clear 1.5800 congestion, also bear trendline off 1.5926 high, triggered fresh weakness through higher platform and H&S neckline at 1.5730 and 1.5700, daily 20 / 90 day SMA’s, to signal further weakness ahead. Immediate targets lie at 1.5650/40 zone, as near-term studies remain negative. Oversold conditions on hourly chart, however, suggest corrective rally before near-term bears resume, with 1.5790 zone, 20 day SMA / trendline resistance, expected to cap.

Res: 1.5727, 1.5757, 1.5777, 1.5790
Sup: 1.5683, 1.5650, 1.5640, 1.5600

USD/JPY
The near-term positive sentiment was boosted by BoJ decision to further loosen monetary policy, as the pair emerged from two-day consolidation, rallying through long-term bear-trendline, drawn off 2007 high and attempting through next strong barrier at 78.05, 200 day SMA . Break here to expose another significant resistance at 78.27, Nov/Dec 2011 range ceiling / 25 Jan peak, to possibly re-focus post-intervention highs at 79.00/50, on a break. Near-term studies are positive, yet no signals of reversal, despite overbought hourly conditions. Initial support lies at 77.80, previous range ceiling, with 20 day SMA at 77.65, expected to contain. Only break below yesterday’s lows at 77.35, would delay immediate bulls.

Res: 78.05, 78.27, 78.40, 79.00
Sup: 77.80, 77.50, 77.35, 77.20

USD/CHF
Returns to the near-term range, after finding good support at 0.9100, with sharp recovery after false break lower, regaining last Friday’s high at 0.9200 zone. Studies on 4H chart turned positive and see potential for further extension higher and test of key upside levels at 0.9250/60, near-term range ceiling, break of which to open way for stronger recovery of broader downtrend from 0.9600 high. Clear break above 0.9200 barrier is required, however, pullback overbought hourly conditions, may delay rally. Immediate support lies at 0.9170, ahead of strong one at 0.9150 zone.

Res: 0.9195, 0.9225, 0.9250, 0.9260
Sup: 0.9170, 0.9158, 0.9150, 0.9100