Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD
Continues to channel lower as fears of Greece’s bailout failure and recent downgrade of European countries credit rate, put additional pressure on the pair. Break below key near-term support at 1.3025 and figure support at 1.3000, sets scope for fresh leg lower, with immediate target at 1.2970, Fib 50% of 1.2622/1.3320 and 1.2930, 25 Jan low. Negative near-term studies keep the focus at the downside, immediate resistance at 1.3025, previous support, ahead of 20 day SMA at 1.3050 and previous low at 1.3078, expected to limit corrective rallies.

Res: 1.3030, 1.3050, 1.3078, 1.3100
Sup: 1.2970, 1.2930, 1.2900, 1.2875

GBP/USD
Near-term price action shows the pair remains under pressure, as recovery attempt from fresh low at 1.5643 was limited by 20 day SMA that maintains short-term downtrend off 1.5926. While 1.5730 zone, yesterday’s high / 10/6 Feb lows / channel resistance, caps, near-term focus remains towards the downside, with loss of 1.5643 to expose 55 day SMA at 1.5600 and Fib 50% at 1.5580.

Res: 1.5711, 1.5721, 1.5735, 1.5770
Sup: 1.5658, 1.5643, 1.5600, 1.5580

USD/JPY
Trades in a near-term consolidative mode after bulls surged through very strong barriers at 78.00 and 78.27, to post fresh 3 ½ month high at 78.65. Corrective dips were contained at initial 78.30/20 support zone that sees potential of further extension higher. Above 78.65 to target 79.00 and very strong resistance at 79.52, post October’s intervention peaks. Near-term studies are pointing higher, with initial support at 78.20, ahead of 78.00, 200 day SMA.

Res: 78.52, 78.65, 79.00, 79.52
Sup: 78.35, 78.20, 78.00, 77.80

USD/CHF
Extends gains off 0.9100 support zone, after yesterday’s pullback was held above 20 day SMA, to clear strong resistance and near-term range ceiling at 0.9250/60, currently attempting through Fib 38.2% of 0.9293/0.9087 descend. Positive near-term sentiment sees potential for further recovery towards round figure barrier at 0.9300 and 55 day SMA at 0.9315, ahead of more significant static resistance at 0.9338, 25 Jan high / Fib 50%, above which to confirm base at 0.9100 zone. Previous highs at 0.9260/50 offer initial support, ahead of 0.9227, while only loss of 0.9200 zone would weaken the near-term structure.

Res: 0.9282, 0.9300, 0.9315, 0.9338
Sup: 0.9260, 0.9250, 0.9227, 0.9200

 

[WindsorBrokers]

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

EUR/USD
Continues to channel lower as fears of Greece’s bailout failure and recent downgrade of European countries credit rate, put additional pressure on the pair. Break below key near-term support at 1.3025 and figure support at 1.3000, sets scope for fresh leg lower, with immediate target at 1.2970, Fib 50% of 1.2622/1.3320 and 1.2930, 25 Jan low. Negative near-term studies keep the focus at the downside, immediate resistance at 1.3025, previous support, ahead of 20 day SMA at 1.3050 and previous low at 1.3078, expected to limit corrective rallies.

Res: 1.3030, 1.3050, 1.3078, 1.3100
Sup: 1.2970, 1.2930, 1.2900, 1.2875

GBP/USD
Near-term price action shows the pair remains under pressure, as recovery attempt from fresh low at 1.5643 was limited by 20 day SMA that maintains short-term downtrend off 1.5926. While 1.5730 zone, yesterday’s high / 10/6 Feb lows / channel resistance, caps, near-term focus remains towards the downside, with loss of 1.5643 to expose 55 day SMA at 1.5600 and Fib 50% at 1.5580.

Res: 1.5711, 1.5721, 1.5735, 1.5770
Sup: 1.5658, 1.5643, 1.5600, 1.5580

USD/JPY
Trades in a near-term consolidative mode after bulls surged through very strong barriers at 78.00 and 78.27, to post fresh 3 ½ month high at 78.65. Corrective dips were contained at initial 78.30/20 support zone that sees potential of further extension higher. Above 78.65 to target 79.00 and very strong resistance at 79.52, post October’s intervention peaks. Near-term studies are pointing higher, with initial support at 78.20, ahead of 78.00, 200 day SMA.

Res: 78.52, 78.65, 79.00, 79.52
Sup: 78.35, 78.20, 78.00, 77.80

USD/CHF
Extends gains off 0.9100 support zone, after yesterday’s pullback was held above 20 day SMA, to clear strong resistance and near-term range ceiling at 0.9250/60, currently attempting through Fib 38.2% of 0.9293/0.9087 descend. Positive near-term sentiment sees potential for further recovery towards round figure barrier at 0.9300 and 55 day SMA at 0.9315, ahead of more significant static resistance at 0.9338, 25 Jan high / Fib 50%, above which to confirm base at 0.9100 zone. Previous highs at 0.9260/50 offer initial support, ahead of 0.9227, while only loss of 0.9200 zone would weaken the near-term structure.

Res: 0.9282, 0.9300, 0.9315, 0.9338
Sup: 0.9260, 0.9250, 0.9227, 0.9200

 

[WindsorBrokers]

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

EUR/USD
Yesterday’s strong bounce through important barriers at 1.3080/1.3100 and break above s/t channel resistance, turns the near-term picture positive, signaling basing attempt, as the pair retraced over 50% of initial downmove from 1.3320 to 1.2973, yesterday’s low / daily Ichimoku cloud base. Overnight price action shows consolidation within narrow range, with 1.3100, now acting as support, where also 20 day SMA lies, required to hold the downside for fresh attempt higher. Clearance of strong resistances at 1.3200/30 zone, to attract 1.3282 and key barrier at 1.3320, 09 Feb peak. On the downside, loss of 1.3080 would risk lower top and fresh weakness.

Res: 1.3030, 1.3050, 1.3078, 1.3100
Sup: 1.2970, 1.2930, 1.2900, 1.2875

GBP/USD
Rally off 1.5650, double bottom zone, surged through 1.5735/70 static resistance, also through main bear trendline off 1.5926 high, with regain of 1.5800 handle, so far testing Fib 61.8% of 1.5926/1.5643 descend and just under next significant barriers at 1.5826/50, for possible push towards 1.5917/26, 200 day SMA / 08 Feb peak.. Near-term studies see potential for further extension higher, as positive sentiment persists, however, overbought conditions warn of corrective easing, preceding rally. Dips should be contained at 1.5770 zone, to maintain near-term bulls.

Res: 1.5816, 1.5826, 1.5850, 1.5882
Sup: 1.5792, 1.5770, 1.5735, 1.5700

USD/JPY
Extends strong uptrend from 76.00 base, to break above near-term bull channel and clear initial resistance at 79.00 and extends gain to 79.17 so far. Near-term focus is at 79.52, 31 Oct 2011, post-intervention peak, with corrective pullback on extended near-term studies suggesting corrective easing ahead of fresh rally, is not ruled out. Initial support lies at 79.00, ahead of 78.70/50 zone.

Res: 79.17, 79.52, 80.00, 80.40
Sup: 79.00, 78.70, 78.50, 78.35

USD/CHF
Weakens the near-term structure and turns focus lower again, after strong rally through 0.9250/60 range ceiling, stalled on approach to next barrier at 0.9300 and subsequent sharp reversal dipped below 0.9200 handle. This may signal an end of near-term recovery and re-focus strong support zone at 0.9100. Recent upside attempts were so far capped by 20 day SMA, just above 0.9200 and while the latter caps, further weakness towards 0.9100 would be the likely scenario. Only lift above previous resistances at 0.9250/60, would ease near-term bear-pressure and possibly re-attract 0.9300 and 55 day SMA at 0.9315.

Res: 0.9200, 0.9250, 0.9260, 0.9300
Sup: 0.9173, 0.9153, 0.9140, 0.9100

 

[WindsorBrokers]

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

EUR/USD
Maintains positive sentiment off last Thursday’s low at 1.2973, as positive outcome for Greece is expected on today’s Eurozone Financial Ministers meeting. Today’s gap higher opening shows the pair well bid, with 76.4% retracement of 1.3320/1.2973 downleg, seen so far. Near-term studies continue to point higher, as the last barriers at 1.3280 zone, 13 Feb high / 90 day SMA, come in focus, ahead of key resistance at 1.3320.Initial support lies at 1.3173, ahead of 1.3137/14 zone that is expected to contain corrective dips and keep near-term bulls in play.

Res: 1.3236, 1.3277, 1.3282, 1.3300
Sup: 1.3196, 1.3173, 1.3137, 1.3114

GBP/USD
Extends near-term bulls off 1.5650 zone double bottom, to test 1.5880 so far, the last barrier ahead of key hurdles at 1.5913/26, 200 day SMA / 08 Feb high. Break here is required to resume short-term uptrend from 1.5233, 13 Jan low and expose 1.6000 next. Positive near-term studies remain supportive, however, corrective pullback may precede fresh rally, with 1.5800/1.5770 zone expected to hold the downside.

Res: 1.5878, 1.5882, 1.5900, 1.5926
Sup: 1.5826, 1.5800, 1.5792, 1.5770

USD/JPY
The pair’s strong three-week rally off 76.00 base, has finally cleared the main barrier at 79.52, 31 Oct 2011 post-intervention peak, reaching 79.88 high so far, ahead of psychological barrier at 80.00, above which to signal break above longer-term range from Aug 2011. Corrective easing on overbought hourly/4H conditions sees supports at 79.00 and 78.70.

Res: 79.59, 79.88, 80.00, 80.23
Sup: 79.00, 78.70, 78.50, 78.35

USD/CHF
Extends the near-term weakness after upside failure just under 0.9300, with break below daily Ichimoku cloud, bringing key supports at 0.9100/0.9087 into focus. Loss of the latter to trigger fresh bear-phase and extend the short-term downtrend from 0.9593, 09 Jan high, for test of Fibonacci level at 0.9075, possibly 0.9000, figure support, on a break. Strong resistance lies at 0.9200, 17/10 Feb highs / 20 day SMA.

Res: 0.9161, 0.9177, 0.9200, 0.9250
Sup: 0.9136, 0.9113, 0.9100, 0.9087

 

[WindsorBrokers]

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

EUR/USD
Maintains positive sentiment off last Thursday’s low at 1.2973, as positive outcome for Greece is expected on today’s Eurozone Financial Ministers meeting. Today’s gap higher opening shows the pair well bid, with 76.4% retracement of 1.3320/1.2973 downleg, seen so far. Near-term studies continue to point higher, as the last barriers at 1.3280 zone, 13 Feb high / 90 day SMA, come in focus, ahead of key resistance at 1.3320.Initial support lies at 1.3173, ahead of 1.3137/14 zone that is expected to contain corrective dips and keep near-term bulls in play.

Res: 1.3236, 1.3277, 1.3282, 1.3300
Sup: 1.3196, 1.3173, 1.3137, 1.3114

GBP/USD
Extends near-term bulls off 1.5650 zone double bottom, to test 1.5880 so far, the last barrier ahead of key hurdles at 1.5913/26, 200 day SMA / 08 Feb high. Break here is required to resume short-term uptrend from 1.5233, 13 Jan low and expose 1.6000 next. Positive near-term studies remain supportive, however, corrective pullback may precede fresh rally, with 1.5800/1.5770 zone expected to hold the downside.

Res: 1.5878, 1.5882, 1.5900, 1.5926
Sup: 1.5826, 1.5800, 1.5792, 1.5770

USD/JPY
The pair’s strong three-week rally off 76.00 base, has finally cleared the main barrier at 79.52, 31 Oct 2011 post-intervention peak, reaching 79.88 high so far, ahead of psychological barrier at 80.00, above which to signal break above longer-term range from Aug 2011. Corrective easing on overbought hourly/4H conditions sees supports at 79.00 and 78.70.

Res: 79.59, 79.88, 80.00, 80.23
Sup: 79.00, 78.70, 78.50, 78.35

USD/CHF
Extends the near-term weakness after upside failure just under 0.9300, with break below daily Ichimoku cloud, bringing key supports at 0.9100/0.9087 into focus. Loss of the latter to trigger fresh bear-phase and extend the short-term downtrend from 0.9593, 09 Jan high, for test of Fibonacci level at 0.9075, possibly 0.9000, figure support, on a break. Strong resistance lies at 0.9200, 17/10 Feb highs / 20 day SMA.

Res: 0.9161, 0.9177, 0.9200, 0.9250
Sup: 0.9136, 0.9113, 0.9100, 0.9087

 

[WindsorBrokers]

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

EUR/USD
The pair rallied on Greek deal announcement, moving from overnight’s low at 1.3187, to briefly break above daily 90 day SMA, but so far failed to regain psychological level at 1.3300 and key near-term barrier at 1.3320. Positive structure off 1.2973, last week’s low / Fib 50% of 1.2622/1.3320 ascend, sees potential for attempt through 1.3320, to resume short-term uptrend from 1.2622 and expose 1.3400 and 1.3430, Fib 50% of 1.4246/1.2622 descend. Previous resistance at 1.3230, now offers initial support, ahead of more significant 1.3180 zone and 4H 20 day SMA at 1.3160, where corrective dips should be contained, to keep immediate bulls intact.

Res: 1.3292, 1.3300, 1.3320, 1.3350
Sup: 1.3230, 1.3200, 1.3180, 1.3137

GBP/USD
Holds the near-term positive tone from 1.5650 zone double-bottom, but gains are still capped under 200 day SMA at 1.5911 and key near-term resistance at 1.5926, 08 Feb peak. Clear break here is required to resume short-term rally and signal fresh bull-phase, however, wider picture outlook is more pessimistic, as studies started to point lower, with risk of repeating the scenario from Oct / Nov 2011, when price action was capped by 200 day SMA and triggered significant losses. Strong near-term support lies at 1.5800 zone.

Res: 1.5860, 1.5879, 1.5882, 1.5900
Sup: 1.5815, 1.5800, 1.5788, 1.5770

USD/JPY
The pair’s strong three-week rally off 76.00 base, has finally cleared the main barrier at 79.52, 31 Oct 2011 post-intervention peak, reaching 79.88 high so far, ahead of psychological barrier at 80.00, above which to signal break above longer-term range from Aug 2011. Subsequent consolidation found ground at 79.50, now acting as support, with fresh gains under way, looking for fresh extension of short-term uptrend. Near-term studies remain supportive.

Res: 79.88, 80.00, 80.23, 80.40
Sup: 79.50, 79.00, 78.70, 78.50

USD/CHF
Remains under pressure after the recent upside rejection at 0.9300, with subsequent slide breaking below strong support zone at 0.9100/0.9087, to post marginally lower low at 0.9081 so far. Bounces are seen corrective, as long as holding below 0.9150/80 zone, with focus at 0.9075, Fibonacci level, ahead of 0.9000, psychological support. To improve the short-term structure, clear break above 0.9300 barrier is required.

Res: 0.9120, 0.9150, 0.9162, 0.9177
Sup: 0.9100, 0.9087, 0.9081, 0.9075

 

[WindsorBrokers]

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

EUR/USD
The pair rallied on Greek deal announcement, moving from overnight’s low at 1.3187, to briefly break above daily 90 day SMA, but so far failed to regain psychological level at 1.3300 and key near-term barrier at 1.3320. Positive structure off 1.2973, last week’s low / Fib 50% of 1.2622/1.3320 ascend, sees potential for attempt through 1.3320, to resume short-term uptrend from 1.2622 and expose 1.3400 and 1.3430, Fib 50% of 1.4246/1.2622 descend. Previous resistance at 1.3230, now offers initial support, ahead of more significant 1.3180 zone and 4H 20 day SMA at 1.3160, where corrective dips should be contained, to keep immediate bulls intact.

Res: 1.3292, 1.3300, 1.3320, 1.3350
Sup: 1.3230, 1.3200, 1.3180, 1.3137

GBP/USD
Holds the near-term positive tone from 1.5650 zone double-bottom, but gains are still capped under 200 day SMA at 1.5911 and key near-term resistance at 1.5926, 08 Feb peak. Clear break here is required to resume short-term rally and signal fresh bull-phase, however, wider picture outlook is more pessimistic, as studies started to point lower, with risk of repeating the scenario from Oct / Nov 2011, when price action was capped by 200 day SMA and triggered significant losses. Strong near-term support lies at 1.5800 zone.

Res: 1.5860, 1.5879, 1.5882, 1.5900
Sup: 1.5815, 1.5800, 1.5788, 1.5770

USD/JPY
The pair’s strong three-week rally off 76.00 base, has finally cleared the main barrier at 79.52, 31 Oct 2011 post-intervention peak, reaching 79.88 high so far, ahead of psychological barrier at 80.00, above which to signal break above longer-term range from Aug 2011. Subsequent consolidation found ground at 79.50, now acting as support, with fresh gains under way, looking for fresh extension of short-term uptrend. Near-term studies remain supportive.

Res: 79.88, 80.00, 80.23, 80.40
Sup: 79.50, 79.00, 78.70, 78.50

USD/CHF
Remains under pressure after the recent upside rejection at 0.9300, with subsequent slide breaking below strong support zone at 0.9100/0.9087, to post marginally lower low at 0.9081 so far. Bounces are seen corrective, as long as holding below 0.9150/80 zone, with focus at 0.9075, Fibonacci level, ahead of 0.9000, psychological support. To improve the short-term structure, clear break above 0.9300 barrier is required.

Res: 0.9120, 0.9150, 0.9162, 0.9177
Sup: 0.9100, 0.9087, 0.9081, 0.9075

 

[WindsorBrokers]

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

EUR/USD
Near-term price action sees the pair moving in a narrow range and directionless mode, after initial optimism about Greek’s deal faded and price dropped to 1.3200 zone, where temporary support was found. Hourly studies are neutral, while 4H structure is weakening. Break below key near-term supports at 1.3210/00, yesterday’s intraday lows / 20 day SMA and 1.3181/70, yesterday’s low / Fib 38.2% of 1.2973/1.3292, to further weaken the structure and open 1.3150, 10 Feb low and 1.3133, Fib 50%. On the upside, minor resistances lie at 1.3250/74, with yesterday’s high at 1.3292 and key barrier at 1.3320, clearance of which is required to end near term congestion and resume broader uptrend from 1.2622, 13 Jan low.

Res: 1.3250, 1.3266, 1.3274, 1.3292
Sup: 1.3210, 1.3200, 1.3180, 1.3170

GBP/USD
Extends near-term weakness off 1.5880, 20/09/01 Feb highs, where the recent strong rally off 1.5650 double-bottom was capped. Steady decline has so far erased 50% of the initial rally at 1.5762, with potential for further weakness seen on negative hourly studies, as corrective bounce stays limited at 1.5800 for now. Loss of 1.5762 to expose 1.5740/35 zone next, Fib 61.8% / 15 Feb high, below which would confirm lower high at 1.5880 and re-focus strong support at 1.5650. Only regain of 1.5830 zone, where 20 day SMA lies, would improve near-term tone.

Res: 1.5860, 1.5879, 1.5882, 1.5900
Sup: 1.5815, 1.5800, 1.5788, 1.5770

USD/JPY
The pair’s strong three-week rally off 76.00 base, continues to break its upside barriers, with the last one at 80.00, cleared today. This opens way for further gains and test of breakpoint at 80.23, also med-term range ceiling of Jul 2011/Feb 2012 broader congestion. Break here to signal basing attempt and open way for stronger recovery of long-term downtrend from 2007. Hourly studies are positive, but overbought conditions signal corrective pullback, ahead of fresh rally, as yet no signal of reversal on the wider picture’s outlook. Previous high at 79.52, along with 20 day SMA, offers good support for now.


Res: 80.00, 80.23, 80.40, 80.50
Sup: 79.88, 79.60, 79.50, 79.00

USD/CHF
The downside remains in focus after upside rejection at 0.9300 barrier and subsequent slide broke below initial supports at 0.9100/0.9090, as the price action holds below daily Ichimoku cloud. Yesterday’s corrective attempt was capped at initial barrier at 0.9150, with fresh weakness under way, however, hourly structure shows the price action entrenched in 50-pips range and in directionless mode, as long as 0.9100/0.9080 support holds, with break here to signal an extension of short-term downtrend and expose round figure support at 0.9000.

Res: 0.9135, 0.9150, 0.9162, 0.9188
Sup: 0.9100, 0.9087, 0.9081, 0.9075

 

[WindsorBrokers]

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

EUR/USD
Near-term price action sees the pair moving in a narrow range and directionless mode, after initial optimism about Greek’s deal faded and price dropped to 1.3200 zone, where temporary support was found. Hourly studies are neutral, while 4H structure is weakening. Break below key near-term supports at 1.3210/00, yesterday’s intraday lows / 20 day SMA and 1.3181/70, yesterday’s low / Fib 38.2% of 1.2973/1.3292, to further weaken the structure and open 1.3150, 10 Feb low and 1.3133, Fib 50%. On the upside, minor resistances lie at 1.3250/74, with yesterday’s high at 1.3292 and key barrier at 1.3320, clearance of which is required to end near term congestion and resume broader uptrend from 1.2622, 13 Jan low.

Res: 1.3250, 1.3266, 1.3274, 1.3292
Sup: 1.3210, 1.3200, 1.3180, 1.3170

GBP/USD
Extends near-term weakness off 1.5880, 20/09/01 Feb highs, where the recent strong rally off 1.5650 double-bottom was capped. Steady decline has so far erased 50% of the initial rally at 1.5762, with potential for further weakness seen on negative hourly studies, as corrective bounce stays limited at 1.5800 for now. Loss of 1.5762 to expose 1.5740/35 zone next, Fib 61.8% / 15 Feb high, below which would confirm lower high at 1.5880 and re-focus strong support at 1.5650. Only regain of 1.5830 zone, where 20 day SMA lies, would improve near-term tone.

Res: 1.5860, 1.5879, 1.5882, 1.5900
Sup: 1.5815, 1.5800, 1.5788, 1.5770

USD/JPY
The pair’s strong three-week rally off 76.00 base, continues to break its upside barriers, with the last one at 80.00, cleared today. This opens way for further gains and test of breakpoint at 80.23, also med-term range ceiling of Jul 2011/Feb 2012 broader congestion. Break here to signal basing attempt and open way for stronger recovery of long-term downtrend from 2007. Hourly studies are positive, but overbought conditions signal corrective pullback, ahead of fresh rally, as yet no signal of reversal on the wider picture’s outlook. Previous high at 79.52, along with 20 day SMA, offers good support for now.


Res: 80.00, 80.23, 80.40, 80.50
Sup: 79.88, 79.60, 79.50, 79.00

USD/CHF
The downside remains in focus after upside rejection at 0.9300 barrier and subsequent slide broke below initial supports at 0.9100/0.9090, as the price action holds below daily Ichimoku cloud. Yesterday’s corrective attempt was capped at initial barrier at 0.9150, with fresh weakness under way, however, hourly structure shows the price action entrenched in 50-pips range and in directionless mode, as long as 0.9100/0.9080 support holds, with break here to signal an extension of short-term downtrend and expose round figure support at 0.9000.

Res: 0.9135, 0.9150, 0.9162, 0.9188
Sup: 0.9100, 0.9087, 0.9081, 0.9075

 

[WindsorBrokers]

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

EUR/USD
Hourly structure remains neutral, as the price action still in a range-trading mode, with the downside protected at 1.3200 support zone for now. Brief bounce to 1.3280 so far, needs to clear minimum 1.3292, to improve the near-term outlook and expose key barrier at 1.3320, clearance of which to resume the uptrend from January’s low at 1.2622. Four-hour chart outlook, however, shows more positive tone and keeps focus at 1.3320 peak, with 20 day SMA at 1.3240, underpinning. On the downside, loss of consolidation floor at 1.3200 would weaken the near-term structure and allow for stronger pullback, with Fib 38.2% / 50% of 1.2973/1.3292 at 1.3170/1.3132, to come next.

Res: 1.3282, 1.3292, 1.3320, 1.3400
Sup: 1.3230, 1.3200, 1.3180, 1.3170

GBP/USD
The pair consolidates yesterday’s heavy losses that fully erased the near-term rally from 1.5650, double-bottom to 1.5880, where gains were capped. Attempt to make a new base at 1.5650, must regain minimum 1.5770, previous high / near Fib 50%, to avert immediate downside risk, as near-term studies are negative, with the latest bounce seen corrective. Clear break above 1.5800/13 is required to confirm. On the downside, loss of very strong support at 1.5650, to confirm lower top at 1.5880 and open fresh bear-phase and possibly repeat the scenario from Oct/Nov 2011, when repeated attempts to clear 200 day SMA at 1.6100/1.6000 zone failed and triggered significant losses to 1.5400 zone, initially.

Res: 1.5700, 1.5720, 1.5735, 1.5760
Sup: 1.5650, 1.5600, 1.5580, 1.5530

USD/JPY
Holds positive short-term tone off 76.00 base, with yesterday’s break above key med-term barrier and breakpoint at 80.23, looking for further recovery towards weekly 90 day SMA at 81.30. Hourly studies show the pair in corrective mode, while bigger picture remains firmly bullish and showing no signal reversal, despite daily RSI being in overbought zone. Supports lie at 80.00 and 79.88, 4H 20 day SMA, with 79.50 expected to contain.

Res: 80.23, 80.40, 80.50, 81.00
Sup: 80.00, 79.88, 79.60, 79.50

USD/CHF
Near-term structure turns negative after recovery attempt failed at initial resistance at 0.9150. Attempt to create base at 0.9100/0.9070 zone is now fading, as renewed pressure pushed the price to 0.9070 so far. Break here to signal an extension of short-term downtrend off 0.9593, Jan’s peak and expose 0.9000 and 0.8655, Fibonacci 61.8% of 0.8566/0.9593, Oct / Jan rally. Previous support at 0.9100 offers initial resistance, along with 20 day SMA at 0.9115, while 0.9150 is expected to cap for now.

Res: 0.9100, 0.9115, 0.9135, 0.9150
Sup: 0.9070, 0.9050, 0.9000, 0.8955

 

[WindsorBrokers]

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

EUR/USD
Hourly structure remains neutral, as the price action still in a range-trading mode, with the downside protected at 1.3200 support zone for now. Brief bounce to 1.3280 so far, needs to clear minimum 1.3292, to improve the near-term outlook and expose key barrier at 1.3320, clearance of which to resume the uptrend from January’s low at 1.2622. Four-hour chart outlook, however, shows more positive tone and keeps focus at 1.3320 peak, with 20 day SMA at 1.3240, underpinning. On the downside, loss of consolidation floor at 1.3200 would weaken the near-term structure and allow for stronger pullback, with Fib 38.2% / 50% of 1.2973/1.3292 at 1.3170/1.3132, to come next.

Res: 1.3282, 1.3292, 1.3320, 1.3400
Sup: 1.3230, 1.3200, 1.3180, 1.3170

GBP/USD
The pair consolidates yesterday’s heavy losses that fully erased the near-term rally from 1.5650, double-bottom to 1.5880, where gains were capped. Attempt to make a new base at 1.5650, must regain minimum 1.5770, previous high / near Fib 50%, to avert immediate downside risk, as near-term studies are negative, with the latest bounce seen corrective. Clear break above 1.5800/13 is required to confirm. On the downside, loss of very strong support at 1.5650, to confirm lower top at 1.5880 and open fresh bear-phase and possibly repeat the scenario from Oct/Nov 2011, when repeated attempts to clear 200 day SMA at 1.6100/1.6000 zone failed and triggered significant losses to 1.5400 zone, initially.

Res: 1.5700, 1.5720, 1.5735, 1.5760
Sup: 1.5650, 1.5600, 1.5580, 1.5530

USD/JPY
Holds positive short-term tone off 76.00 base, with yesterday’s break above key med-term barrier and breakpoint at 80.23, looking for further recovery towards weekly 90 day SMA at 81.30. Hourly studies show the pair in corrective mode, while bigger picture remains firmly bullish and showing no signal reversal, despite daily RSI being in overbought zone. Supports lie at 80.00 and 79.88, 4H 20 day SMA, with 79.50 expected to contain.

Res: 80.23, 80.40, 80.50, 81.00
Sup: 80.00, 79.88, 79.60, 79.50

USD/CHF
Near-term structure turns negative after recovery attempt failed at initial resistance at 0.9150. Attempt to create base at 0.9100/0.9070 zone is now fading, as renewed pressure pushed the price to 0.9070 so far. Break here to signal an extension of short-term downtrend off 0.9593, Jan’s peak and expose 0.9000 and 0.8655, Fibonacci 61.8% of 0.8566/0.9593, Oct / Jan rally. Previous support at 0.9100 offers initial resistance, along with 20 day SMA at 0.9115, while 0.9150 is expected to cap for now.

Res: 0.9100, 0.9115, 0.9135, 0.9150
Sup: 0.9070, 0.9050, 0.9000, 0.8955

 

[WindsorBrokers]

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

EUR/USD
Corrective pullback off last Friday’s fresh high at 1.3465, levels last time visited at the beginning of Dec 2011, found footstep at 1.3365, 4H 20 day SMA and just ahead of strong support zone at 1.3350/40. Fresh strength above 1.3400 handle, regained 1.3450 so far, however, clearance of yesterday’s intraday high at 1.3463 is required to re-focus 1.3485/1.3500, otherwise, further easing is not ruled out, as hourly studies started to point lower. Immediate supports at 1.3400/1.3380 zone are expected to contain, to keep positive sentiment intact, while only break below 1.3365/40 support zone would allow for stronger pullback and turn the near-term focus lower.

Res: 1.3450, 1.3463, 1.3485, 1.3500
Sup: 1.3400, 1.3385, 1.3365, 1.3356

GBP/USD
Rally from 1.5650, very strong support zone was once more capped by 200 day SMA at 1.5900, keeping the upside intact for now. Subsequent reversal was contained at 1.5800 zone, above 20 day SMA and more significant 1.5770 support. Holding above the latter, keeps the pair within the range, while break lower to turn focus towards 1.5720/00, next supports. Only sustained break above 1.5900/26 would signal break above 1.5900/1.5650 range and resume broader uptrend from 1.5233, 13 Jan low.

Res: 1.5868, 1.5880, 1.5900, 1.5926
Sup: 1.5809, 1.5800, 1.5770, 1.5720

USD/JPY
Near-term price action shows the pair in defense after hitting fresh 9-month high at 81.65 yesterday. Swing lower was for now contained at 80.00, just above static support at 79.84, attempting through yesterday’s intraday high and hourly 55 day SMA at 80.65, break of which is required to trigger further recovery. Hourly studies, however, are still weak and further easing is not ruled out, as long as 81.00 stays intact, with potential break below 80.00, to expose next support at 79.50.

Res: 80.75, 81.00, 81.24, 81.65
Sup: 80.00, 79.84, 79.50, 79.00

USD/CHF
Trades in a near-term corrective mode, off 0.8929, last Friday’s fresh low. Upside was so far capped at 0.9000 resistance, but room for stronger bounce still exists. While today’s low at 0.7960 holds, immediate focus is at 0.9000, above which to trigger further recovery towards strong resistance zone at 0.9070/0.9100. Wider picture, however, shows bears off 0.9573, 09 Jan high, firmly in play.

Res: 0.9000, 0.9009, 0.9025, 0.9063
Sup: 0.8960, 0.8945, 0.8929, 0.8900

 

[WindsorBrokers]

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

EUR/USD
Corrective pullback off last Friday’s fresh high at 1.3465, levels last time visited at the beginning of Dec 2011, found footstep at 1.3365, 4H 20 day SMA and just ahead of strong support zone at 1.3350/40. Fresh strength above 1.3400 handle, regained 1.3450 so far, however, clearance of yesterday’s intraday high at 1.3463 is required to re-focus 1.3485/1.3500, otherwise, further easing is not ruled out, as hourly studies started to point lower. Immediate supports at 1.3400/1.3380 zone are expected to contain, to keep positive sentiment intact, while only break below 1.3365/40 support zone would allow for stronger pullback and turn the near-term focus lower.

Res: 1.3450, 1.3463, 1.3485, 1.3500
Sup: 1.3400, 1.3385, 1.3365, 1.3356

GBP/USD
Rally from 1.5650, very strong support zone was once more capped by 200 day SMA at 1.5900, keeping the upside intact for now. Subsequent reversal was contained at 1.5800 zone, above 20 day SMA and more significant 1.5770 support. Holding above the latter, keeps the pair within the range, while break lower to turn focus towards 1.5720/00, next supports. Only sustained break above 1.5900/26 would signal break above 1.5900/1.5650 range and resume broader uptrend from 1.5233, 13 Jan low.

Res: 1.5868, 1.5880, 1.5900, 1.5926
Sup: 1.5809, 1.5800, 1.5770, 1.5720

USD/JPY
Near-term price action shows the pair in defense after hitting fresh 9-month high at 81.65 yesterday. Swing lower was for now contained at 80.00, just above static support at 79.84, attempting through yesterday’s intraday high and hourly 55 day SMA at 80.65, break of which is required to trigger further recovery. Hourly studies, however, are still weak and further easing is not ruled out, as long as 81.00 stays intact, with potential break below 80.00, to expose next support at 79.50.

Res: 80.75, 81.00, 81.24, 81.65
Sup: 80.00, 79.84, 79.50, 79.00

USD/CHF
Trades in a near-term corrective mode, off 0.8929, last Friday’s fresh low. Upside was so far capped at 0.9000 resistance, but room for stronger bounce still exists. While today’s low at 0.7960 holds, immediate focus is at 0.9000, above which to trigger further recovery towards strong resistance zone at 0.9070/0.9100. Wider picture, however, shows bears off 0.9573, 09 Jan high, firmly in play.

Res: 0.9000, 0.9009, 0.9025, 0.9063
Sup: 0.8960, 0.8945, 0.8929, 0.8900

 

[WindsorBrokers]

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

EUR/USD
Maintains positive near-term tone off 1.3365, 27 Feb low, retracing fully the recent 1.3485/1.3365 pullback. Hourly studies are supportive for fresh attempt through 1.3485, to test 1.3500, figure resistance and 1.3547, 02 Dec high. 20 day EMA, currently at 1.3460, underpins, ahead of static supports at 1.3388 and 1.3365/56, loss of which would delay immediate bulls. Larger timeframe’s outlook is bullish, as 20 day SMA is crossing above 90 day and break above current congestion to signal resumption of broader uptrend.

Res: 1.3485, 1.3500, 1.3547, 1.3567
Sup: 1.3450, 1.3400, 1.3388, 1.3365

GBP/USD
The pair regained strength after yesterday’s renewed attempt lower found ground at 1.5800, previous low, with fresh rally breaking above very strong barrier at 1.5900, 200 day SMA / last Friday’s high and previous peak of 08 Feb at 1.5926. This may signal fresh bull-phase, as price breaks above one-month 1.5900/1.5650 range and expose upside targets at 1.6000, round figure resistance and 1.6090/1.6129, 14 / 08 Nov 2011 highs, ahead of key medium-term barrier at 1.6164, 31 Oct 2011 peak. Daily studies are positive, while overbought hourly conditions see potential for corrective pullback, before fresh rally. Previous high at 1.5900 offers initial support, where also 20 day EMA lies, with reversal above 1.5850 required to keep bulls intact.

Res: 1.5937, 1.5950, 1.5989, 1.6000
Sup: 1.5900, 1.5871, 1.5865, 1.5850

USD/JPY
Remains in defensive, following pullback off the latest high at 81.65, posted on 27 Feb, with downside protected for now at 80.00, yesterday’s low. Upside attempts, however, remain capped by hourly Ichimoku cloud base at 80.70 zone, keeping the downside still vulnerable, along with weak hourly studies that hold below their midlines. Break above 80.68/77, previous highs and figure resistance at 81.00 is required to turn focus higher and open 81.65 peak for retest. Otherwise, risk is seen towards 80.00 base, loss of which to trigger further correction and expose 79.50 and 79.00 supports.

Res: 80.68, 80.77, 81.00, 81.24
Sup: 80.24, 80.00, 79.84, 79.50

USD/CHF
Near-term negative tone after upside rejection at 0.9000 barrier, continues to pressure, as price action holding just above last Friday’s high at 0.8929. Bounces higher are seen corrective, while below 0.9000, as larger timeframes show bears fully in play. Loss of 0.8929/00 handles to open way towards 200 day SMA and Fibonacci 61.8 expansion at 0.8765. Only lift above 0.9000 would delay for possible extension towards another strong barriers at 0.9070/0.9100 zone.

Res: 0.9000, 0.9009, 0.9025, 0.9063
Sup: 0.8934, 0.8929, 0.8900, 0.8850

 

[WindsorBrokers]

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

EUR/USD
Maintains positive near-term tone off 1.3365, 27 Feb low, retracing fully the recent 1.3485/1.3365 pullback. Hourly studies are supportive for fresh attempt through 1.3485, to test 1.3500, figure resistance and 1.3547, 02 Dec high. 20 day EMA, currently at 1.3460, underpins, ahead of static supports at 1.3388 and 1.3365/56, loss of which would delay immediate bulls. Larger timeframe’s outlook is bullish, as 20 day SMA is crossing above 90 day and break above current congestion to signal resumption of broader uptrend.

Res: 1.3485, 1.3500, 1.3547, 1.3567
Sup: 1.3450, 1.3400, 1.3388, 1.3365

GBP/USD
The pair regained strength after yesterday’s renewed attempt lower found ground at 1.5800, previous low, with fresh rally breaking above very strong barrier at 1.5900, 200 day SMA / last Friday’s high and previous peak of 08 Feb at 1.5926. This may signal fresh bull-phase, as price breaks above one-month 1.5900/1.5650 range and expose upside targets at 1.6000, round figure resistance and 1.6090/1.6129, 14 / 08 Nov 2011 highs, ahead of key medium-term barrier at 1.6164, 31 Oct 2011 peak. Daily studies are positive, while overbought hourly conditions see potential for corrective pullback, before fresh rally. Previous high at 1.5900 offers initial support, where also 20 day EMA lies, with reversal above 1.5850 required to keep bulls intact.

Res: 1.5937, 1.5950, 1.5989, 1.6000
Sup: 1.5900, 1.5871, 1.5865, 1.5850

USD/JPY
Remains in defensive, following pullback off the latest high at 81.65, posted on 27 Feb, with downside protected for now at 80.00, yesterday’s low. Upside attempts, however, remain capped by hourly Ichimoku cloud base at 80.70 zone, keeping the downside still vulnerable, along with weak hourly studies that hold below their midlines. Break above 80.68/77, previous highs and figure resistance at 81.00 is required to turn focus higher and open 81.65 peak for retest. Otherwise, risk is seen towards 80.00 base, loss of which to trigger further correction and expose 79.50 and 79.00 supports.

Res: 80.68, 80.77, 81.00, 81.24
Sup: 80.24, 80.00, 79.84, 79.50

USD/CHF
Near-term negative tone after upside rejection at 0.9000 barrier, continues to pressure, as price action holding just above last Friday’s high at 0.8929. Bounces higher are seen corrective, while below 0.9000, as larger timeframes show bears fully in play. Loss of 0.8929/00 handles to open way towards 200 day SMA and Fibonacci 61.8 expansion at 0.8765. Only lift above 0.9000 would delay for possible extension towards another strong barriers at 0.9070/0.9100 zone.

Res: 0.9000, 0.9009, 0.9025, 0.9063
Sup: 0.8934, 0.8929, 0.8900, 0.8850

 

[WindsorBrokers]

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

EUR/USD
The near-term tone has weakened as the pair’s upside failure at 1.3485, previous high, triggered fresh weakness that accelerated on break below 1.3420/00, initial support zone. Loss of breakpoint at 1.3365/55, confirms near-term double top, as the price dips below 1.3320 support, 09 Feb previous peak. Hourly studies are well below their midlines, suggesting that further weakness is not ruled out, with break below 1.3290, 21 Feb high / Fib 38.2% of 1.2973/1.3485, required to open fresh leg lower and expose next supports at 1.3200 zone, 21/22 Feb higher platform and 1.3170, Fib 61.8%. Corrective attempt off yesterday’s low at 1.3313, holds under initial barrier at 1.3365, 27 Feb low / hourly20 day EMA, while more significant recovery is seen on regain 1.3400 handle, also 55 day EMA.

Res: 1.3365, 1.3400, 1.3421, 1.3485
Sup: 1.3313, 1.3300, 1.3290, 1.3229

GBP/USD
Cable maintained its bullish tone, despite greenback strengthened across the board, as price still holds above significant support at 1.5900, previous high and 200 day SMA. Fresh rally extended gains to 1.5991 so far, just under our initial target at 1.6000, with current easing seen corrective, as long as 1.5900/1.5880 zone contains. Larger timeframes studies remain positive and see potential for fresh attempt through 1.6000, to focus 1.6090/1.6100, 14 Nov high / Fib 161.8 projection, next target. Hourly studies weakened, as reversal off 1.5991 approaches 1.5900, also 55 day EMA, with break here to delay bulls and open way for stronger correction. Next strong supports lie at 1.5865, bull-channel support and 1.5800 higher platform, below which to signal return to three-week range.

Res: 1.5933, 1.5950, 1.5991, 1.6000
Sup: 1.5900, 1.5880, 1.5865, 1.5800

USD/JPY
The pair regained strength, as near-term base at 80.00 stayed intact, with lift above our initial barrier, turning the near-term focus higher. Hourly studies turned positive, with overnight’s correction being contained by 20 day EMA at 81.00 zone. Regain of yesterday’s high at 81.39 is required to open way for retest of 81.65 high, above which to resume broader uptrend and expose 82.00/20 next. Overextended daily studies, however, see risk of fresh reversal. Only loss of 80.00 would significantly weaken the short-term structure.

Res: 81.39, 81.65, 82.00, 82.20
Sup: 81.00, 80.82, 80.70, 80.24

USD/CHF
Extends reversal above 0.9000 barrier, breaking above bear-channel, to confirm near-term base at 0.9030 zone, extending gains to 0.9050 so far. Break here, also 55 day EMA on 4H chart, to open way for possible test of next strong resistance at 0.9100 zone. Near-term studies are positive, but overextended hourly conditions require caution, as daily studies maintain negative structure.

Res: 0.9078, 0.9100, 0.9125, 0.9150
Sup: 0.9019, 0.9000, 0.8945, 0.8929

 

[WindsorBrokers]

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

EUR/USD
The near-term tone has weakened as the pair’s upside failure at 1.3485, previous high, triggered fresh weakness that accelerated on break below 1.3420/00, initial support zone. Loss of breakpoint at 1.3365/55, confirms near-term double top, as the price dips below 1.3320 support, 09 Feb previous peak. Hourly studies are well below their midlines, suggesting that further weakness is not ruled out, with break below 1.3290, 21 Feb high / Fib 38.2% of 1.2973/1.3485, required to open fresh leg lower and expose next supports at 1.3200 zone, 21/22 Feb higher platform and 1.3170, Fib 61.8%. Corrective attempt off yesterday’s low at 1.3313, holds under initial barrier at 1.3365, 27 Feb low / hourly20 day EMA, while more significant recovery is seen on regain 1.3400 handle, also 55 day EMA.

Res: 1.3365, 1.3400, 1.3421, 1.3485
Sup: 1.3313, 1.3300, 1.3290, 1.3229

GBP/USD
Cable maintained its bullish tone, despite greenback strengthened across the board, as price still holds above significant support at 1.5900, previous high and 200 day SMA. Fresh rally extended gains to 1.5991 so far, just under our initial target at 1.6000, with current easing seen corrective, as long as 1.5900/1.5880 zone contains. Larger timeframes studies remain positive and see potential for fresh attempt through 1.6000, to focus 1.6090/1.6100, 14 Nov high / Fib 161.8 projection, next target. Hourly studies weakened, as reversal off 1.5991 approaches 1.5900, also 55 day EMA, with break here to delay bulls and open way for stronger correction. Next strong supports lie at 1.5865, bull-channel support and 1.5800 higher platform, below which to signal return to three-week range.

Res: 1.5933, 1.5950, 1.5991, 1.6000
Sup: 1.5900, 1.5880, 1.5865, 1.5800

USD/JPY
The pair regained strength, as near-term base at 80.00 stayed intact, with lift above our initial barrier, turning the near-term focus higher. Hourly studies turned positive, with overnight’s correction being contained by 20 day EMA at 81.00 zone. Regain of yesterday’s high at 81.39 is required to open way for retest of 81.65 high, above which to resume broader uptrend and expose 82.00/20 next. Overextended daily studies, however, see risk of fresh reversal. Only loss of 80.00 would significantly weaken the short-term structure.

Res: 81.39, 81.65, 82.00, 82.20
Sup: 81.00, 80.82, 80.70, 80.24

USD/CHF
Extends reversal above 0.9000 barrier, breaking above bear-channel, to confirm near-term base at 0.9030 zone, extending gains to 0.9050 so far. Break here, also 55 day EMA on 4H chart, to open way for possible test of next strong resistance at 0.9100 zone. Near-term studies are positive, but overextended hourly conditions require caution, as daily studies maintain negative structure.

Res: 0.9078, 0.9100, 0.9125, 0.9150
Sup: 0.9019, 0.9000, 0.8945, 0.8929

 

[WindsorBrokers]

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

EUR/USD
Near-term outlook shows the pair still under pressure, following the latest sharp fall from 1.3485, double top. Mild recovery off yesterday’s low at 1.3281 stayed under 20 day EMA that suggest further weakness is likely, as hourly studies remain weak. Loss of 1.3290/80 zone, also Fib 38.2% of 1.2973/1.3485 ascend / last week’s congestion ceiling, to open 1.3200 area, range’s floor, next. Dynamic resistance at 1.3315, 20 day EMA, maintains negative tone, ahead of static barriers at 1.3340/65 zone, above which to trigger stronger recovery.

Res: 1.3330, 1.3347, 1.3365, 1.3400
Sup: 1.3290, 1.3281, 1.3230, 1.3210

GBP/USD
The pair remains supported as the near-term price action holds above 200 day SMA and static support at 1.5900, moving within narrow range in past two days. Daily chart’s structure holds positive tone for fresh attempt towards 1.5990/1.6000, our initial target, above which to focus 1.6090/1.6100, 14 Nov high / Fib 161.8 projection. Hourly outlook, however, shows signs of weakness, with risk seen of retest of key near-term support zone at 1.5900/1.5880. Only break here would weaken the near-term structure and allow for deeper reversal.

Res: 1.5965, 1.5971, 1.5991, 1.6000
Sup: 1.5927, 1.5900, 1.5880, 1.5865

USD/JPY
Holds near-term positive tone after finding ground at 80.00. Regain of 81.00, following yesterday’s brief break below and clearance of previous high at 81.39, keeps the upside in focus. Gains are approaching previous high at 81.65 and Fibonacci level at 81.71, 61.8% of 85.51/75.56 descend, above which to focus 82.00/20, next targets. Positive hourly studies support the latest advance, with 20 day EMA at 81.27, underpinning. Only loss of 81.00/80.80, yesterday’s low / 55 day EMA, would signal further range trade. Larger timeframes studies are positive but stretched, with no signals of reversal yet.

Res: 81.65, 81.71, 82.00, 82.20
Sup: 81.39, 81.27, 81.00, 80.82

USD/CHF
Maintains near-term positive structure off 0.8930 double bottom, as fresh gains above 0.9000, currently testing next strong resistance zone at 0.9080/0.9100, previous lows / Fib 38.2% of 0.9573/0.8930. Break here is required to trigger stronger recovery and expose next array of barriers at 0.9150, Fib 61.8% and/0.9200 zone. Key short term resistance lie at 0.9250/0.9300. On the downside, 0.9020/0.9000 is required to hold, to keep near-term bulls in play.

Res: 0.9086, 0.9100, 0.9125, 0.9150
Sup: 0.9070, 0.9044, 0.9019, 0.9000

 

[WindsorBrokers]

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

EUR/USD
Near-term outlook remains negative, as the pair probes below 1.3200, to test next target at 1.3170, Fib 61.8% of 1.2973/1.3485 upleg and signal an end of overnight’s consolidation around 1.3200. Further weakness to focus 1.3100 zone next, as 20 day EMA caps the upside just above 1.3200. Daily chart shows studies turning negative, with break below 90 day SMA and current attempt at main bull trendline off 1.2973, to open way fresh extension lower. Daily congestion at 1.3485 limits the upside attempts on larger timeframe outlook. Immediate resistance lies at 1.3212, while only regain of 1.3265/81, 55 day EMA / 01 Mar low, would ease immediate bear pressure.

Res: 1.3200, 1.3212, 1.3265, 1.3281
Sup: 1.3169, 1.3145, 1.3114, 1.3100

GBP/USD
Continues to trend lower at the beginning of new week, with break below 50% retracement of 1.5650/1.5991 ascend, currently testing strong support at 1.5800 zone, 27/28 Mar higher platform / 4H Ichimoku cloud. Break here to further weaken the near-term structure, as 1/4H studies remain negative and turn immediate focus at next strong support zone at 1.5778/70, Fib 61.8% / Nov / Dec 2011 range ceiling, below which targets 1.5720/00. Daily studies are losing traction after false break above 200 day SMA. Initial resistance lie at 1.5844, also 20 day EMA, ahead of 1.5877/95, 55 day EMA / 01 Mar low, regain of which to improve near-term structure.

Res: 1.5844, 1.5877, 1.5895, 1.5935
Sup: 1.5808, 1.5800, 1.5778, 1.5770

USD/JPY
Near-term structure is weakening after the pair hit fresh 9-month high at 81.85 at the opening of Asian session. Profit taking pulled the price lower, with break below 81.50 support, also 20 day EMA, accelerating losses. Hourly indicators turned negative, as price broke below 55 day EMA, with immediate focus at strong support at 80.80 and very strong one at 80.00 zone, loss of which would risk temporary top and deeper reversal. Daily studies, however, remain positive, but overextended, that may suggest stronger corrective action ahead. At the upside, initial targets lie at 82.00/20.

Res: 81.44, 81.78, 81.85, 82.00
Sup: 81.00, 80.82, 80.77, 80.24

USD/CHF
The pair stays in a near-term recovery mode, after finding ground at 0.8930 zone. Upside clearance of 0.9000 and 0.9100 barriers, is currently attempting through short-term bear-channel resistance, above which to open way towards next significant barrier at 0.9200 and key levels at 0.9250/0.9300. Daily studies are regaining momentum, although still below their midlines, while lower timeframes maintain positive tone, as 20 day EMA at 0.9126, hold the downside for now.

Res: 0.9157, 0.9200, 0.9250, 0.9300
Sup: 0.9121, 0.9100, 0.9090, 0.9070

 

[WindsorBrokers]

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

EUR/USD
Near-term outlook remains negative, as the pair probes below 1.3200, to test next target at 1.3170, Fib 61.8% of 1.2973/1.3485 upleg and signal an end of overnight’s consolidation around 1.3200. Further weakness to focus 1.3100 zone next, as 20 day EMA caps the upside just above 1.3200. Daily chart shows studies turning negative, with break below 90 day SMA and current attempt at main bull trendline off 1.2973, to open way fresh extension lower. Daily congestion at 1.3485 limits the upside attempts on larger timeframe outlook. Immediate resistance lies at 1.3212, while only regain of 1.3265/81, 55 day EMA / 01 Mar low, would ease immediate bear pressure.

Res: 1.3200, 1.3212, 1.3265, 1.3281
Sup: 1.3169, 1.3145, 1.3114, 1.3100

GBP/USD
Continues to trend lower at the beginning of new week, with break below 50% retracement of 1.5650/1.5991 ascend, currently testing strong support at 1.5800 zone, 27/28 Mar higher platform / 4H Ichimoku cloud. Break here to further weaken the near-term structure, as 1/4H studies remain negative and turn immediate focus at next strong support zone at 1.5778/70, Fib 61.8% / Nov / Dec 2011 range ceiling, below which targets 1.5720/00. Daily studies are losing traction after false break above 200 day SMA. Initial resistance lie at 1.5844, also 20 day EMA, ahead of 1.5877/95, 55 day EMA / 01 Mar low, regain of which to improve near-term structure.

Res: 1.5844, 1.5877, 1.5895, 1.5935
Sup: 1.5808, 1.5800, 1.5778, 1.5770

USD/JPY
Near-term structure is weakening after the pair hit fresh 9-month high at 81.85 at the opening of Asian session. Profit taking pulled the price lower, with break below 81.50 support, also 20 day EMA, accelerating losses. Hourly indicators turned negative, as price broke below 55 day EMA, with immediate focus at strong support at 80.80 and very strong one at 80.00 zone, loss of which would risk temporary top and deeper reversal. Daily studies, however, remain positive, but overextended, that may suggest stronger corrective action ahead. At the upside, initial targets lie at 82.00/20.

Res: 81.44, 81.78, 81.85, 82.00
Sup: 81.00, 80.82, 80.77, 80.24

USD/CHF
The pair stays in a near-term recovery mode, after finding ground at 0.8930 zone. Upside clearance of 0.9000 and 0.9100 barriers, is currently attempting through short-term bear-channel resistance, above which to open way towards next significant barrier at 0.9200 and key levels at 0.9250/0.9300. Daily studies are regaining momentum, although still below their midlines, while lower timeframes maintain positive tone, as 20 day EMA at 0.9126, hold the downside for now.

Res: 0.9157, 0.9200, 0.9250, 0.9300
Sup: 0.9121, 0.9100, 0.9090, 0.9070