Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD
Trades in a consolidative mode in past two days, after hitting fresh low at 1.3159 yesterday. Near-term price action continues to move around 1.3200 handle, as recovery attempt was limited under 55 day EMA. Hourly studies are rather neutral, while 4H chart outlook remains negative and keeps the downside favored, as long as initial resistances at 1.3250/80 stay intact. Loss of 1.3159, also near Fib 61.8%, to open way towards 1.3100, possibly 1.3026, 01/06 Feb lows. Only lift above 1.3300 would provide relief.

Res: 1.3207, 1.3240, 1.3281, 1.3300
Sup: 1.3186, 1.3159, 1.3114, 1.3100

GBP/USD
Yesterday’s strong rebound off 1.5785 low, reached levels close to key near-term barrier at 1.5900, previous lows and 200 day SMA, but gains ran out of steam. To improve short-term structure and re-focus upside targets at 1.6000/1.6100, clear break above 1.5900 is required. Hourly studies, however, are losing traction, as price broke below 20 day EMA at 1.5850 that may suggest further easing and retest of strong support zone at 1.5800/1.5770, below which to signal resumption of short-term downtrend off 1.5991.

Res: 1.5860, 1.5881, 1.5895, 1.5935
Sup: 1.5828, 1.5800, 1.5785, 1.5770

USD/JPY
The pair enters near-term sideways mode, after finding support at 81.14 yesterday. Holding above the latter and 81.00, keeps potential for fresh attack at key barriers at 81.65/86, break of which to resume an uptrend from 76.00 base. Hourly studies are neutral, while 4H indicators still in the positive territory, but pointing lower. Strong uptrend on daily chart remains intact, as studies are positive, but overbought conditions warn of stronger pullback.

Res: 81.57, 81.60, 81.85, 82.00
Sup: 81.28, 81.14, 81.00, 80.82

USD/CHF
The near-term price action holds positive tone after gains were capped at 0.9160 zone and subsequent easing found ground at 0.9100, also 55 day EMA. Fresh strength needs to clear initial barriers at 0.9160 and 0.9200 to re-focus key short-term resistances at 0.9250/0.9300. Hourly studies are regaining strength, while 4H structure remains supportive. Break above daily 55/90 day MA’s at 0.9220/55 is required to improve currently negative structure on a daily chart.

Res: 0.9160, 0.9200, 0.9250, 0.9300
Sup: 0.9100, 0.9070, 0.9044, 0.9020

 

[WindsorBrokers]

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

EUR/USD
Trades in a consolidative mode in past two days, after hitting fresh low at 1.3159 yesterday. Near-term price action continues to move around 1.3200 handle, as recovery attempt was limited under 55 day EMA. Hourly studies are rather neutral, while 4H chart outlook remains negative and keeps the downside favored, as long as initial resistances at 1.3250/80 stay intact. Loss of 1.3159, also near Fib 61.8%, to open way towards 1.3100, possibly 1.3026, 01/06 Feb lows. Only lift above 1.3300 would provide relief.

Res: 1.3207, 1.3240, 1.3281, 1.3300
Sup: 1.3186, 1.3159, 1.3114, 1.3100

GBP/USD
Yesterday’s strong rebound off 1.5785 low, reached levels close to key near-term barrier at 1.5900, previous lows and 200 day SMA, but gains ran out of steam. To improve short-term structure and re-focus upside targets at 1.6000/1.6100, clear break above 1.5900 is required. Hourly studies, however, are losing traction, as price broke below 20 day EMA at 1.5850 that may suggest further easing and retest of strong support zone at 1.5800/1.5770, below which to signal resumption of short-term downtrend off 1.5991.

Res: 1.5860, 1.5881, 1.5895, 1.5935
Sup: 1.5828, 1.5800, 1.5785, 1.5770

USD/JPY
The pair enters near-term sideways mode, after finding support at 81.14 yesterday. Holding above the latter and 81.00, keeps potential for fresh attack at key barriers at 81.65/86, break of which to resume an uptrend from 76.00 base. Hourly studies are neutral, while 4H indicators still in the positive territory, but pointing lower. Strong uptrend on daily chart remains intact, as studies are positive, but overbought conditions warn of stronger pullback.

Res: 81.57, 81.60, 81.85, 82.00
Sup: 81.28, 81.14, 81.00, 80.82

USD/CHF
The near-term price action holds positive tone after gains were capped at 0.9160 zone and subsequent easing found ground at 0.9100, also 55 day EMA. Fresh strength needs to clear initial barriers at 0.9160 and 0.9200 to re-focus key short-term resistances at 0.9250/0.9300. Hourly studies are regaining strength, while 4H structure remains supportive. Break above daily 55/90 day MA’s at 0.9220/55 is required to improve currently negative structure on a daily chart.

Res: 0.9160, 0.9200, 0.9250, 0.9300
Sup: 0.9100, 0.9070, 0.9044, 0.9020

 

[WindsorBrokers]

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

EUR/USD
The pair remains under pressure, as yesterday’s break below main bull trendline off 1.2973, triggered fresh weakness that so far tested our next target at 1.3100. Current bounce remains limited at 1.3150 for now and is seen corrective, as long as 1.3200, figure resistance / 20 day EMA and more significant 1.3240, 05 Mar high, stay intact. Near-term studies remain in negative field and keep the downside favored. Break below 1.3100, to focus 1.3080, ahead of strong support zone at 1.3026/00.

Res: 1.3152, 1.3159, 1.3186, 1.3207
Sup: 1.3132, 1.3100, 1.3080, 1.3026

GBP/USD
Negative near-term tone continues to drive the pair lower, as recovery attempt stalled at 1.5880, keeping strong resistance at 1.5900 zone, previous lows / 200 day SMA, intact. Fresh weakness through 1.5800/1.5770, strong supports, lost another handle at 1.5700, bringing key short-term support at 1.5650 in focus. Lower timeframe studies remain negative, but hitting extreme levels that suggest corrective action, before fresh bears come in play. Current bounce off 1.5695, yesterday’s low, faces resistance at 1.5740, hourly 20 day EMA, while only sustained break above 1.5800, 05 Mar low / 55 day EMA, would ease bear pressure and allow for possible attempt towards 1.5880/1.5900 barriers.

Res: 1.5740, 1.5770, 1.5785, 1.5800
Sup: 1.5720, 1.5700, 1.5695, 1.5650

USD/JPY
Yesterday’s failure to sustain recovery from 81.00 and upside rejection at 81.57, triggered fresh weakness. Loss of 81.00 handle found temporary ground at 80.50 zone, with consolidation under way. Negative hourly studies, however, keep the downside vulnerable, as 4H chart indicators are breaking below their midlines, suggesting possible extension and test of 80.24, ahead of key short-term support at 80.00, as larger timeframe studies started pointing lower. Loss of 80.00 to signal stronger correction of strong rally from 76.00 base and mar near-term top at 81.86. to aver immediate downside risk, barriers at 81.00 and 81.33 must be regained.

Res: 80.93, 81.00, 81.14, 81.33
Sup: 80.62, 80.56, 80.24, 80.00

USD/CHF
Extends steady near-term recovery off 0.8930 double bottom, after break above 0.9160, 05 Mar previous high, approaches next barrier at 0.9200. Current easing on overbought hourly conditions is so far seen corrective, as 0.9160 holds dips and price moves around 20 day EMA. However, further reversal into 0.9150/00 is not ruled out, as hourly structure still sees space for further easing, but only loss of 0.9100 would delay bulls. Upside regain of 0.9200 to open key short-ter. barriers at 0.9250/0.9300. Daily studies are improving after break above bear-channel resistance, with 90/55 day SMA’s at 0.9231/54 seen as next hurdles on the way towards 0.9300.

Res: 0.9185, 0.9200, 0.9231, 0.9250
Sup: 0.9165, 0.9150, 0.9100, 0.9070

 

[WindsorBrokers]

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

EUR/USD
The pair remains under pressure, as yesterday’s break below main bull trendline off 1.2973, triggered fresh weakness that so far tested our next target at 1.3100. Current bounce remains limited at 1.3150 for now and is seen corrective, as long as 1.3200, figure resistance / 20 day EMA and more significant 1.3240, 05 Mar high, stay intact. Near-term studies remain in negative field and keep the downside favored. Break below 1.3100, to focus 1.3080, ahead of strong support zone at 1.3026/00.

Res: 1.3152, 1.3159, 1.3186, 1.3207
Sup: 1.3132, 1.3100, 1.3080, 1.3026

GBP/USD
Negative near-term tone continues to drive the pair lower, as recovery attempt stalled at 1.5880, keeping strong resistance at 1.5900 zone, previous lows / 200 day SMA, intact. Fresh weakness through 1.5800/1.5770, strong supports, lost another handle at 1.5700, bringing key short-term support at 1.5650 in focus. Lower timeframe studies remain negative, but hitting extreme levels that suggest corrective action, before fresh bears come in play. Current bounce off 1.5695, yesterday’s low, faces resistance at 1.5740, hourly 20 day EMA, while only sustained break above 1.5800, 05 Mar low / 55 day EMA, would ease bear pressure and allow for possible attempt towards 1.5880/1.5900 barriers.

Res: 1.5740, 1.5770, 1.5785, 1.5800
Sup: 1.5720, 1.5700, 1.5695, 1.5650

USD/JPY
Yesterday’s failure to sustain recovery from 81.00 and upside rejection at 81.57, triggered fresh weakness. Loss of 81.00 handle found temporary ground at 80.50 zone, with consolidation under way. Negative hourly studies, however, keep the downside vulnerable, as 4H chart indicators are breaking below their midlines, suggesting possible extension and test of 80.24, ahead of key short-term support at 80.00, as larger timeframe studies started pointing lower. Loss of 80.00 to signal stronger correction of strong rally from 76.00 base and mar near-term top at 81.86. to aver immediate downside risk, barriers at 81.00 and 81.33 must be regained.

Res: 80.93, 81.00, 81.14, 81.33
Sup: 80.62, 80.56, 80.24, 80.00

USD/CHF
Extends steady near-term recovery off 0.8930 double bottom, after break above 0.9160, 05 Mar previous high, approaches next barrier at 0.9200. Current easing on overbought hourly conditions is so far seen corrective, as 0.9160 holds dips and price moves around 20 day EMA. However, further reversal into 0.9150/00 is not ruled out, as hourly structure still sees space for further easing, but only loss of 0.9100 would delay bulls. Upside regain of 0.9200 to open key short-ter. barriers at 0.9250/0.9300. Daily studies are improving after break above bear-channel resistance, with 90/55 day SMA’s at 0.9231/54 seen as next hurdles on the way towards 0.9300.

Res: 0.9185, 0.9200, 0.9231, 0.9250
Sup: 0.9165, 0.9150, 0.9100, 0.9070

 

[WindsorBrokers]

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

EUR/USD
The pair regained strength following yesterday’s brief dip under 1.3100 handle, where temporary support was found. Break above hourly Ichimoku cloud and attempt above 4H 20 day EMA and channel resistance, sees scope for stronger correction, as hourly studies moved above their midlines. Larger picture’s outlook, however, maintains more bearish tone, while daily studies are losing traction, as the price broke below main bull trendline. Strong resistance at 1.3240 zone, 05 mar high / 55 day EMA, is seen capping the upside attempts for now. Minor support lies at 1.3134, ahead of strong one at 1.3100 zone, loss of which to resume broader downtrend and expose 1.3026/00 next.

Res: 1.3187, 1.3207, 1.3234, 1.3240
Sup: 1.3165, 1.3134, 1.3100, 1.3080

GBP/USD
Moves in a near-term corrective mode after finding good support at 1.5700 zone. Improving hourly studies see potential for further extension higher and test of next strong barriers at 1.5770 and1.5780/85, 20 day EMA / 05 Mar low, as well as 1.5800/11, 28 Feb low / 55 day EMA, which are expected to limit gains, as 4H structure is still bearish. Sustained break here would avert downside risk, while regain of key barrier at 1.5900 zone, where also 200 day SMA lies, is required to improve the near-term structure, and turn focus off key short-term support at 1.5650.

Res: 1.5770, 1.5785, 1.5800, 1.5810
Sup: 1.5722, 1.5695, 1.5677, 1.5661

USD/JPY
Near-term price action remains steady above 80.60 higher base, where good support was found. Lift above initial barrier at 81.00, is looking for test of next static resistance at 81.57, 06 Mar high. Break here to possibly open 81.68 and 81.85 highs for retest, as hourly studies are positive and 4H indicators started to improve, with price holding above 20 day EMA. Only loss of 80.60 base would weaken the structure and risk return to key support at 80.00.

Res: 81.38, 81.57, 81.68, 81.85
Sup: 81.17, 81.00, 80.64, 80.56

USD/CHF
Undergoes near-term corrective phase, after strong bounce off 0.8930 double-bottom broke above channel resistance, tested our next target at 0.9200. Reversal has so far found support at 0.9140 zone, 20 day EMA, with possible further easing towards strong support at 0.9100, previous low / broken bear trendline, not ruled out, before bulls re-assert, as hourly studies are pointing lower. Upside clearance of 0.9200, to open 0.9250/60, ahead of key short-term barrier at 0.9300, 16 Feb high. Only loss of 0.9100 handle, would weaken the structure and put near-term bulls on hold.

Res: 0.9173, 0.9200, 0.9231, 0.9250
Sup: 0.9142, 0.9100, 0.9090, 0.9070

 

[WindsorBrokers]

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

EUR/USD
The pair regained strength following yesterday’s brief dip under 1.3100 handle, where temporary support was found. Break above hourly Ichimoku cloud and attempt above 4H 20 day EMA and channel resistance, sees scope for stronger correction, as hourly studies moved above their midlines. Larger picture’s outlook, however, maintains more bearish tone, while daily studies are losing traction, as the price broke below main bull trendline. Strong resistance at 1.3240 zone, 05 mar high / 55 day EMA, is seen capping the upside attempts for now. Minor support lies at 1.3134, ahead of strong one at 1.3100 zone, loss of which to resume broader downtrend and expose 1.3026/00 next.

Res: 1.3187, 1.3207, 1.3234, 1.3240
Sup: 1.3165, 1.3134, 1.3100, 1.3080

GBP/USD
Moves in a near-term corrective mode after finding good support at 1.5700 zone. Improving hourly studies see potential for further extension higher and test of next strong barriers at 1.5770 and1.5780/85, 20 day EMA / 05 Mar low, as well as 1.5800/11, 28 Feb low / 55 day EMA, which are expected to limit gains, as 4H structure is still bearish. Sustained break here would avert downside risk, while regain of key barrier at 1.5900 zone, where also 200 day SMA lies, is required to improve the near-term structure, and turn focus off key short-term support at 1.5650.

Res: 1.5770, 1.5785, 1.5800, 1.5810
Sup: 1.5722, 1.5695, 1.5677, 1.5661

USD/JPY
Near-term price action remains steady above 80.60 higher base, where good support was found. Lift above initial barrier at 81.00, is looking for test of next static resistance at 81.57, 06 Mar high. Break here to possibly open 81.68 and 81.85 highs for retest, as hourly studies are positive and 4H indicators started to improve, with price holding above 20 day EMA. Only loss of 80.60 base would weaken the structure and risk return to key support at 80.00.

Res: 81.38, 81.57, 81.68, 81.85
Sup: 81.17, 81.00, 80.64, 80.56

USD/CHF
Undergoes near-term corrective phase, after strong bounce off 0.8930 double-bottom broke above channel resistance, tested our next target at 0.9200. Reversal has so far found support at 0.9140 zone, 20 day EMA, with possible further easing towards strong support at 0.9100, previous low / broken bear trendline, not ruled out, before bulls re-assert, as hourly studies are pointing lower. Upside clearance of 0.9200, to open 0.9250/60, ahead of key short-term barrier at 0.9300, 16 Feb high. Only loss of 0.9100 handle, would weaken the structure and put near-term bulls on hold.

Res: 0.9173, 0.9200, 0.9231, 0.9250
Sup: 0.9142, 0.9100, 0.9090, 0.9070

 

[Lord Flasheart]

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

It would be very useful if you told us something we could use and trade off

Res: 1.3187, 1.3207, 1.3234, 1.3240
Sup: 1.3165, 1.3134, 1.3100, 1.3080

you have resistance levels at 1.3187 and support at 1.3165,lol

talk about hedging your bets, come on guys,that sort of stuff is easily available anywhere these days,whats different about you? The stuff PIA put up is much better.
I just dont see how this can help on a trading site

 

[WindsorBrokers]

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

EUR/USD
Eur/Usd returned above broken bull trendline and 90 day SMA, after finding support at 1.3100, two days ago, with fresh strength tested 50% retracement of 1.3485/1.3095 downleg at 1.3290, so far. Corrective pullback on overbought hourly conditions is under way. Ideally, reversal should occur above 1.3200 handle, also 55 day EMA, to keep near-term bulls in play for possible fresh attempt higher. Larger timeframes are still in the positive territory, with lift above 1.3290/1.3300 and regain of more significant barriers at 1.3336, Fib 61.8% and 1.3355, previous breakpoint, required to improve and re-focus higher levels. Only loss of 1.3200 would weaken the near-term structure and risk return to 1.3100 base.

Res: 1.3290, 1.3300, 1.3336, 1.3355
Sup: 1.3223, 1.3200, 1.3190, 1.3165

GBP/USD
Consolidates the recent gains that were capped at 1.5830, with price action holding below this level during the past 24 hours. Brief reversal under 1.5800 handle, so far find support at 55 day EMA at 1.5790, however, losing momentum on hourly chart risks further easing. Next strong support lies at 1.5770 and only break here would be more harmful for near-term bulls, with 4H studies pointing lower and keeping the downside still vulnerable. Break above 1.5830 is required to improve the tone, while regain of 1.5880. 200 day SMA and previous peak, would re-focus 1.5991/1.6000 and break above one-month range.

Res: 1.5830, 1.5880, 1.5900, 1.5926
Sup: 1.5790, 1.5770, 1.5758, 1.5722

USD/JPY
Trades in a near-term corrective mode, after posting marginally fresh high at 81.88 during the Asian session. Quick dip off 81.88 was contained at 81.45 for now, with recovery under way. Hourly studies are still pointing lower and this may risk further easing and test of next support at 81.30/22, yesterday’s intraday low / 55 day EMA / 50% retracement of 80.60/81.88 ascend. Daily structure, however, remains firmly bullish, despite holding close to extremes, with no signals of reversal seen yet.

Res: 81.88, 82.00, 82.20, 82.50
Sup: 81.45, 81.30, 81.22, 81.00

USD/CHF
Pullback from 0.9200, 07 Mar high, is attempting to base at 0.9070, 50% of 0.8930/0.9200 upleg, where the recent losses find temporary support. Hourly studies are improving, although still below the midlines, as the pair regains 0.9100 handle, also 4H 55 day EMA, with sustained break here required to avert immediate downside risk. Regain of 0.9160 is needed to re-focus 0.9200. Larger picture’s outlook, however, remains negative while below 0.9250/0.9300.

Res: 0.9120, 0.9155, 0.9160, 0.9200
Sup: 0.9082, 0.9070, 0.9036, 0.9000

 

[WindsorBrokers]

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

EUR/USD
The pair maintains negative tone off last week’s high at 1.3277, accelerating losses after last Friday’s jobs data. Brief break below strong support at previous base at 1.3100, signal further weakness. Top of daily Ichimoku cloud at 1.3080, now offers initial support, as the latest slide was contained here, with bounce on oversold hourly studies, seen corrective. Immediate resistance lies at 1.3123, overnight’s high / hourly 20 day EMA, ahead of 1.3160, 55 day EMA. Negative near-term studies keep the downside favored for now, with strong supports at 1.3026, 01/06 Feb lows and figure support at 1.3000, to come in focus.

Res: 1.3123, 1.3134, 1.3164, 1.3200
Sup: 1.3080, 1.3026, 1.3000, 1.2973

GBP/USD
Last Friday’s sharp slide off 1.5800 zone, cleared initial supports at 1.5720/00, to test key short-term support zone at 1.5650, where temporary footstep was found. Corrective bounce faces immediate barriers at 1.5700, previous low / 20 day EMA and 1.5720, while only break above 1.5750 would ease immediate bear pressure, as negative hourly studies are at their extreme levels. On the downside, loss of 1.5650 to signal break below 5-week range and open 1.5600 zone next, figure support / 50% retracement of 1.5233/1.5991 upleg.

Res: 1.5690, 1.5700, 1.5722, 1.5750
Sup: 1.5650, 1.5612, 1.5600, 1.5530

USD/JPY
Holds positive tone after last Friday’s surge through 82.00/20 barriers and weekly close above 82.00 and weekly Ichimoku cloud, opening way for stronger reversal of long-term downtrend. Next significant barrier lies at 82.97, Fib 38.2% of downleg from 2010 high at 94.97 to record low at 75.56. On the downside, corrective pullback off fresh 10-month high at 82.63, posted last Friday, so far holds above initial support at 82.00, with next levels at 81.84, Fib 38.2% of 80.55/82.63 / 55 day EMA and 81.40, Fib 61.8. Only loss of the latter would weaken the near-term structure and risk test of key near-term support at 80.55, 06/07 Mar higher platform.

Res: 82.38, 82.50, 82.63, 82.97
Sup: 82.10, 82.00, 81.88, 81.60

USD/CHF
Strong rally from last week’s higher base at 0.9070, has cleared previous high and strong barrier at 0.9250, to signals further extension higher and test of 0.9250 and key short-term resistance at 0.9300, previous high / daily Ichimoku cloud base. Overextended hourly studies see potential for stronger correction, as the pair tests levels under 0.9200, with 0.9188, overnight’s low / 20 day EMA, coming first, ahead of 0.9160, Fib 38.2% of 0.9070/0.9217 rally / 55 day EMA, where dips should be contained, to keep bulls in play.

Res: 0.9200, 0.9217, 0.9250, 0.9260
Sup: 0.9188, 0.9173, 0.9159, 0.9126

 

[WindsorBrokers]

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

EUR/USD
The pair maintains negative tone off last week’s high at 1.3277, accelerating losses after last Friday’s jobs data. Brief break below strong support at previous base at 1.3100, signal further weakness. Top of daily Ichimoku cloud at 1.3080, now offers initial support, as the latest slide was contained here, with bounce on oversold hourly studies, seen corrective. Immediate resistance lies at 1.3123, overnight’s high / hourly 20 day EMA, ahead of 1.3160, 55 day EMA. Negative near-term studies keep the downside favored for now, with strong supports at 1.3026, 01/06 Feb lows and figure support at 1.3000, to come in focus.

Res: 1.3123, 1.3134, 1.3164, 1.3200
Sup: 1.3080, 1.3026, 1.3000, 1.2973

GBP/USD
Last Friday’s sharp slide off 1.5800 zone, cleared initial supports at 1.5720/00, to test key short-term support zone at 1.5650, where temporary footstep was found. Corrective bounce faces immediate barriers at 1.5700, previous low / 20 day EMA and 1.5720, while only break above 1.5750 would ease immediate bear pressure, as negative hourly studies are at their extreme levels. On the downside, loss of 1.5650 to signal break below 5-week range and open 1.5600 zone next, figure support / 50% retracement of 1.5233/1.5991 upleg.

Res: 1.5690, 1.5700, 1.5722, 1.5750
Sup: 1.5650, 1.5612, 1.5600, 1.5530

USD/JPY
Holds positive tone after last Friday’s surge through 82.00/20 barriers and weekly close above 82.00 and weekly Ichimoku cloud, opening way for stronger reversal of long-term downtrend. Next significant barrier lies at 82.97, Fib 38.2% of downleg from 2010 high at 94.97 to record low at 75.56. On the downside, corrective pullback off fresh 10-month high at 82.63, posted last Friday, so far holds above initial support at 82.00, with next levels at 81.84, Fib 38.2% of 80.55/82.63 / 55 day EMA and 81.40, Fib 61.8. Only loss of the latter would weaken the near-term structure and risk test of key near-term support at 80.55, 06/07 Mar higher platform.

Res: 82.38, 82.50, 82.63, 82.97
Sup: 82.10, 82.00, 81.88, 81.60

USD/CHF
Strong rally from last week’s higher base at 0.9070, has cleared previous high and strong barrier at 0.9250, to signals further extension higher and test of 0.9250 and key short-term resistance at 0.9300, previous high / daily Ichimoku cloud base. Overextended hourly studies see potential for stronger correction, as the pair tests levels under 0.9200, with 0.9188, overnight’s low / 20 day EMA, coming first, ahead of 0.9160, Fib 38.2% of 0.9070/0.9217 rally / 55 day EMA, where dips should be contained, to keep bulls in play.

Res: 0.9200, 0.9217, 0.9250, 0.9260
Sup: 0.9188, 0.9173, 0.9159, 0.9126

 

[WindsorBrokers]

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

EUR/USD
Stays flat during the European and early hours of US session, after bounce off day’s low at 1.3077, where daily 55 day SMA contained losses, holds at 1.3130. Hourly studies are gaining momentum, signaling possible stronger correction, however, clearance of 20 day EMA, where the price currently hovers and 55 day EMA at 1.3150, is seen required to improve the structure. Larger timeframes show more negative outlook, as 4H studies hold below the centerlines, while daily ones currently attempting below. Loss of 1.3077 to open next array of supports at 1.3026/00, ahead of key short-term support at 1.2973.

Res: 1.3134, 1.3150, 1.3164, 1.3200
Sup: 1.3100, 1.3077, 1.3026, 1.3000

GBP/USD
Continues to travel south after losses from 1.5830/00 zone were initially held at 1.5650, key short-term support, where the price consolidated. Fresh weakness through 1.5650, so far tested figure support at 1.5600, with more losses seen, as the pair breaks below one-month range-trading phase, base of which was at 1.5650. Next targets lie at 1.5523, Fib 61.8% of 1.5233/1.5991 and 1.5500, round figure support. Daily structure is losing momentum, as break below 90/55 day SMA’a at 1.5671/65, further weakens the structure. Hourly studies are negative, holding at their extreme levels, however, no signal of reversal yet.

Res: 1.5640, 1.5694, 1.5700, 1.5722
Sup: 1.5600, 1.5523, 1.5500, 1.5422

USD/JPY
Remains in a near-term consolidative mode, holding just above 82.00, previous resistance, now reverted to support, also 55 day EMA, following the last Friday’s strong rally that posted fresh high at 82.63. Downside pressure is still seen on near-term picture, as hourly studies are losing momentum that may result in stronger correction of the recent 80.55/82.63 upleg. Below 82.00, to focus Fibonacci level of 38.2% at 81.84, while only break below Fib 61.8% at 81.36 and figure support at 81.00 would significantly weaken near-term structure and risk return to strong support at 80.55. Wider picture’s outlook remains positive, despite indicators being at their highs, with lift above 82.63 to open 82.97, Fib 38.2% of downleg from 2010 high at 94.97 to record low at 75.56.

Res: 82.38, 82.50, 82.63, 82.97
Sup: 82.10, 82.00, 81.84, 81.60

USD/CHF
Extends near-term corrective action of day’s high at 0.9217, after break below initial support at 0.9200, so far tested Fib 23.6% of 0.9070/0.9217 at 0.9180. Near-term studies continue to point lower, as ROC 22 attempts below the centerline, suggesting that deeper correction is not ruled out. Immediate supports lies at 0.9160/43, 55 day EMA / 38.2% / 50%, ahead of 61.8% retracement at 0.9126, loss of which to confirm near-term top and re-focus 0.9100/0.9070, support zone. Larger timeframes, such as 4H, show more positive tone, however, clearance of 0.9217, required to open next array of strong barriers at 0.9250/0.9300, previous range ceiling / 90/55 day SMA’s and previous high of 16 Feb high / daily Ichimoku cloud base.

Res: 0.9200, 0.9217, 0.9250, 0.9260
Sup: 0.9188, 0.9177, 0.9160, 0.9126

 

[WindsorBrokers]

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

EUR/USD
Stays flat during the European and early hours of US session, after bounce off day’s low at 1.3077, where daily 55 day SMA contained losses, holds at 1.3130. Hourly studies are gaining momentum, signaling possible stronger correction, however, clearance of 20 day EMA, where the price currently hovers and 55 day EMA at 1.3150, is seen required to improve the structure. Larger timeframes show more negative outlook, as 4H studies hold below the centerlines, while daily ones currently attempting below. Loss of 1.3077 to open next array of supports at 1.3026/00, ahead of key short-term support at 1.2973.

Res: 1.3134, 1.3150, 1.3164, 1.3200
Sup: 1.3100, 1.3077, 1.3026, 1.3000

GBP/USD
Continues to travel south after losses from 1.5830/00 zone were initially held at 1.5650, key short-term support, where the price consolidated. Fresh weakness through 1.5650, so far tested figure support at 1.5600, with more losses seen, as the pair breaks below one-month range-trading phase, base of which was at 1.5650. Next targets lie at 1.5523, Fib 61.8% of 1.5233/1.5991 and 1.5500, round figure support. Daily structure is losing momentum, as break below 90/55 day SMA’a at 1.5671/65, further weakens the structure. Hourly studies are negative, holding at their extreme levels, however, no signal of reversal yet.

Res: 1.5640, 1.5694, 1.5700, 1.5722
Sup: 1.5600, 1.5523, 1.5500, 1.5422

USD/JPY
Remains in a near-term consolidative mode, holding just above 82.00, previous resistance, now reverted to support, also 55 day EMA, following the last Friday’s strong rally that posted fresh high at 82.63. Downside pressure is still seen on near-term picture, as hourly studies are losing momentum that may result in stronger correction of the recent 80.55/82.63 upleg. Below 82.00, to focus Fibonacci level of 38.2% at 81.84, while only break below Fib 61.8% at 81.36 and figure support at 81.00 would significantly weaken near-term structure and risk return to strong support at 80.55. Wider picture’s outlook remains positive, despite indicators being at their highs, with lift above 82.63 to open 82.97, Fib 38.2% of downleg from 2010 high at 94.97 to record low at 75.56.

Res: 82.38, 82.50, 82.63, 82.97
Sup: 82.10, 82.00, 81.84, 81.60

USD/CHF
Extends near-term corrective action of day’s high at 0.9217, after break below initial support at 0.9200, so far tested Fib 23.6% of 0.9070/0.9217 at 0.9180. Near-term studies continue to point lower, as ROC 22 attempts below the centerline, suggesting that deeper correction is not ruled out. Immediate supports lies at 0.9160/43, 55 day EMA / 38.2% / 50%, ahead of 61.8% retracement at 0.9126, loss of which to confirm near-term top and re-focus 0.9100/0.9070, support zone. Larger timeframes, such as 4H, show more positive tone, however, clearance of 0.9217, required to open next array of strong barriers at 0.9250/0.9300, previous range ceiling / 90/55 day SMA’s and previous high of 16 Feb high / daily Ichimoku cloud base.

Res: 0.9200, 0.9217, 0.9250, 0.9260
Sup: 0.9188, 0.9177, 0.9160, 0.9126

 

[WindsorBrokers]

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

EUR/USD
Improves the near-term tone after recent losses found support at 1.3080 zone and subsequent bounce cleared initial resistances at 1.3130/50. Price reached high at 1.3190 during Asian session, just ahead of 1.3200, figure resistance and 55 day EMA, clearance of which is required to open next barriers at 1.3250 and possible test of key near-term barrier at 1.3290, 08 Mar high. Hourly studies hold positive tone, after pullback from 1.3190 found footstep at 1.3150, where 20 and 55 day EMA’s contained dips for now, with price action required to hold above here to keep near-term focus at the upside. Next supports lie at 1.3130/00, with key one at 1.3077.

Res: 1.3190, 1.3200, 1.3231, 1.3255
Sup: 1.3147, 1.3130, 1.3100, 1.3077

GBP/USD
Near-term price action moves in a consolidative mode, after yesterday’s break below key short-term support at 1.5650, tested next support at 1.5600. Hourly studies remain negative and keep the downside favored, with upside being capped so far at 1.5660, daily90 day SMA, ahead of strong resistance at 1.5700, previous lows / 20 day EMA and only break here to allow for stronger rally. On the downside, loss of 1.5600 to open 1.5523, Fib 61.8% and 1.5500, round figure support.

Res: 1.5660, 1.5694, 1.5700, 1.5722
Sup: 1.5600, 1.5523, 1.5500, 1.5422

USD/JPY
Extends near-term consolidation after hitting fresh 10-month high at 82.63. Dips have so far been contained at 82.00, initial support zone. While the latter holds, potential is seen for fresh attempt towards 82.50/63 barriers, above which to resume broader uptrend. Hourly studies are neutral/positive, however, conditions on daily chart are overextended that may suggest stronger correction before bulls resume. Below 82.00, to face Fibonacci supports at 81.84 and 81.36, ahead of figure support at 81.00 and key one at 80.55.

Res: 82.50, 82.63, 82.97, 83.50
Sup: 81.95, 81.84, 81.60, 81.50

USD/CHF
Extends near-term corrective action of yesterdayy’s high at 0.9217, after break below initial support at 0.9200, retracing 50% of initial 0.9070/0.9217 rally at 0.9140. Ideally, reversal here would keep the near-term bulls intact for fresh attempt at 0.9217 and possible extension towards strong barriers at 0.9250/0.9300, as 4H chart studies remain positive. Loss of 0.9140 and more significant level at 0.9126, Fib 61.8% / 55 day EMA, however, would weaken the near-term structure and turn focus towards 0.9100/0.9070.

Res: 0.9164, 0.9177, 0.9200, 0.9217
Sup: 0.9138, 0.9126, 0.9100, 0.9070

 

[WindsorBrokers]

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

EUR/USD
Improves the near-term tone after recent losses found support at 1.3080 zone and subsequent bounce cleared initial resistances at 1.3130/50. Price reached high at 1.3190 during Asian session, just ahead of 1.3200, figure resistance and 55 day EMA, clearance of which is required to open next barriers at 1.3250 and possible test of key near-term barrier at 1.3290, 08 Mar high. Hourly studies hold positive tone, after pullback from 1.3190 found footstep at 1.3150, where 20 and 55 day EMA’s contained dips for now, with price action required to hold above here to keep near-term focus at the upside. Next supports lie at 1.3130/00, with key one at 1.3077.

Res: 1.3190, 1.3200, 1.3231, 1.3255
Sup: 1.3147, 1.3130, 1.3100, 1.3077

GBP/USD
Near-term price action moves in a consolidative mode, after yesterday’s break below key short-term support at 1.5650, tested next support at 1.5600. Hourly studies remain negative and keep the downside favored, with upside being capped so far at 1.5660, daily90 day SMA, ahead of strong resistance at 1.5700, previous lows / 20 day EMA and only break here to allow for stronger rally. On the downside, loss of 1.5600 to open 1.5523, Fib 61.8% and 1.5500, round figure support.

Res: 1.5660, 1.5694, 1.5700, 1.5722
Sup: 1.5600, 1.5523, 1.5500, 1.5422

USD/JPY
Extends near-term consolidation after hitting fresh 10-month high at 82.63. Dips have so far been contained at 82.00, initial support zone. While the latter holds, potential is seen for fresh attempt towards 82.50/63 barriers, above which to resume broader uptrend. Hourly studies are neutral/positive, however, conditions on daily chart are overextended that may suggest stronger correction before bulls resume. Below 82.00, to face Fibonacci supports at 81.84 and 81.36, ahead of figure support at 81.00 and key one at 80.55.

Res: 82.50, 82.63, 82.97, 83.50
Sup: 81.95, 81.84, 81.60, 81.50

USD/CHF
Extends near-term corrective action of yesterdayy’s high at 0.9217, after break below initial support at 0.9200, retracing 50% of initial 0.9070/0.9217 rally at 0.9140. Ideally, reversal here would keep the near-term bulls intact for fresh attempt at 0.9217 and possible extension towards strong barriers at 0.9250/0.9300, as 4H chart studies remain positive. Loss of 0.9140 and more significant level at 0.9126, Fib 61.8% / 55 day EMA, however, would weaken the near-term structure and turn focus towards 0.9100/0.9070.

Res: 0.9164, 0.9177, 0.9200, 0.9217
Sup: 0.9138, 0.9126, 0.9100, 0.9070

 

[WindsorBrokers]

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

EUR/USD
Negative short-term sentiment continues to push the pair lower. Break below yesterday’s low at 1.3050, 50% retracement of 1.2973/1.3485 upleg, approaches our next target at 1.3026, 01/06 Feb lows, ahead of Fibonacci 161.8 projection at 1.3007 and figure support at 1.3000, with key short-term support at 1.2973, 16 Feb low, coming in focus. Near-term studies are negative and keep the downside favored, with strong resistance at 1.3080/90 zone, today’ s high / 12 Mar low / 20 day EMA, expected to limit the upside. Only lift above 1.3120/30, yesterday’s intraday low / Fib 61.8% of 1.3190/1.3030, to improve near-term structure.

Res: 1.3077, 1.3090, 1.3100, 1.3120
Sup: 1.3030, 1.3026, 1.3007, 1.2973

GBP/USD
Yesterday’s strong rally off 1.5720 higher low, extended near-term recovery from 1.5600, hitting 1.5745, just under 55 day EMA and short-term bear-trendline off the recent high, before returning below 1.5700. Near-term studies are losing traction, however, while 1.5650, today’s low and previous strong support holds, we see potential for fresh attempt higher. Clearance of yesterday’s high and bear-trendline at 1.5745, is required to improve and signal a resumption of rally from 1.5600, for possible test of key near-term barriers at 1.5800/30. Loss of 1.5650, however, risks lower top and extension of broader downtrend off 1.5991, with initial support at 1.5600 and 1.5523/00, seen on a break.

Res: 1.5693, 1.5700, 1.5711, 1.5745
Sup: 1.5647, 1.5620, 1.5600, 1.5550

USD/JPY
The pair maintains strong uptrend off 76.00 base, as the latest leg higher followed near-term 82.63/82.00 consolidation. Fresh gains through our initial target at 83.00, so far reached 83.30, with 84.00/50 levels seen next, ahead of strong barriers and short-term targets at 85.27, 50% retracement of 94.97/75.56 bear-phase and 85.51, 2011 high, posted on 03 Apr 2011. Near-term studies remain supportive, however, corrective pullback on overbought conditions, not ruled-out. Initial support lies at 83.00, ahead of previous high at 82.63. Only loss of 82.00 higher base, would delay.

Res: 83.30, 83.50, 84.00, 84.50
Sup: 83.00, 82.63, 82.50, 82.00

USD/CHF
Continues to trend higher after leaving higher low at 0.9138 yesterday, with clearance of strong barriers at 0.9200/50, to open way towards key short-term resistance at 0.9300. Hourly studies are at their highs that suggests pause in current rally, in favor of corrective easing. Supports lie at 0.9250/20, ahead of 0.9200, previous high / 55 day EMA, which is expected to contain dips.

Res: 0.9273, 0.9300, 0.9338, 0.9350
Sup: 0.9250, 0.9220, 0.9200, 0.9187

 

[WindsorBrokers]

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

EUR/USD
Negative short-term sentiment continues to push the pair lower. Break below yesterday’s low at 1.3050, 50% retracement of 1.2973/1.3485 upleg, approaches our next target at 1.3026, 01/06 Feb lows, ahead of Fibonacci 161.8 projection at 1.3007 and figure support at 1.3000, with key short-term support at 1.2973, 16 Feb low, coming in focus. Near-term studies are negative and keep the downside favored, with strong resistance at 1.3080/90 zone, today’ s high / 12 Mar low / 20 day EMA, expected to limit the upside. Only lift above 1.3120/30, yesterday’s intraday low / Fib 61.8% of 1.3190/1.3030, to improve near-term structure.

Res: 1.3077, 1.3090, 1.3100, 1.3120
Sup: 1.3030, 1.3026, 1.3007, 1.2973

GBP/USD
Yesterday’s strong rally off 1.5720 higher low, extended near-term recovery from 1.5600, hitting 1.5745, just under 55 day EMA and short-term bear-trendline off the recent high, before returning below 1.5700. Near-term studies are losing traction, however, while 1.5650, today’s low and previous strong support holds, we see potential for fresh attempt higher. Clearance of yesterday’s high and bear-trendline at 1.5745, is required to improve and signal a resumption of rally from 1.5600, for possible test of key near-term barriers at 1.5800/30. Loss of 1.5650, however, risks lower top and extension of broader downtrend off 1.5991, with initial support at 1.5600 and 1.5523/00, seen on a break.

Res: 1.5693, 1.5700, 1.5711, 1.5745
Sup: 1.5647, 1.5620, 1.5600, 1.5550

USD/JPY
The pair maintains strong uptrend off 76.00 base, as the latest leg higher followed near-term 82.63/82.00 consolidation. Fresh gains through our initial target at 83.00, so far reached 83.30, with 84.00/50 levels seen next, ahead of strong barriers and short-term targets at 85.27, 50% retracement of 94.97/75.56 bear-phase and 85.51, 2011 high, posted on 03 Apr 2011. Near-term studies remain supportive, however, corrective pullback on overbought conditions, not ruled-out. Initial support lies at 83.00, ahead of previous high at 82.63. Only loss of 82.00 higher base, would delay.

Res: 83.30, 83.50, 84.00, 84.50
Sup: 83.00, 82.63, 82.50, 82.00

USD/CHF
Continues to trend higher after leaving higher low at 0.9138 yesterday, with clearance of strong barriers at 0.9200/50, to open way towards key short-term resistance at 0.9300. Hourly studies are at their highs that suggests pause in current rally, in favor of corrective easing. Supports lie at 0.9250/20, ahead of 0.9200, previous high / 55 day EMA, which is expected to contain dips.

Res: 0.9273, 0.9300, 0.9338, 0.9350
Sup: 0.9250, 0.9220, 0.9200, 0.9187

 

[WindsorBrokers]

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

EUR/USD
The pair continues to travel south after break below 55 day SMA at 1.3080, daily Ichimoku cloud base at 1.3050 and static support at 1.3026, tested psychological support at 1.3000. Basing attempt is seen here, as the price bounces higher. Corrective rally has so far tested 1.3050, initial barrier, ahead of 1.3065, 55 day EMA and yesterday’s high at 1.3080, before bears take control. Main short-target lies at 1.2973, 16 Feb low, with daily studies in the negative territory, keeping the overall bearish tone in play. Only break above 1.3100/20 to offer near-term relief and allow for stronger correction.

Res: 1.3065, 1.3077, 1.3090, 1.3100
Sup: 1.3014, 1.3000, 1.2973, 1.2950

GBP/USD
Near-term price action seems to be running out of steam, as upside remains capped at 1.5715, main bear trendline and double top at 1.5745. Brief break below 1.5650 support keeps the downside vulnerable, as near-term studies hold below the midlines. Firm break below 1.5650/35 and test of 1.5600 would be the likely scenario, with break here to signal resumption of short-term downtrend off 1.5990 and expose 1.5500 zone for test. Only lift above 1.5745 would ease bear-pressure and allow test of strong barrier at 1.5800/30.

Res: 1.5700, 1.5715, 1.5745, 1.5800
Sup: 1.5650, 1.5635, 1.5620, 1.5600

USD/JPY
Corrects the latest rally that cleared our target at 84.00 and posted fresh high at 84.17, as hourly studies hit extreme levels. Reversal has so far tested initial support at 83.50 zone, with room seen for further easing towards next static support at 83.00, also 20 day EMA, before bulls re-assert, as overall very bullish structure on larger timeframes shows not signal of stronger correction, despite over-extended studies.

Res: 84.00, 84.17, 84.50, 85.00
Sup: 83.50, 83.00, 82.63, 82.50

USD/CHF
The pair’s near-term price action is in a corrective mode, after yesterday’s rally through key short-term barrier at 0.9300, posted fresh high at 0.9333, levels last time seen at the end of Jan. Loss of 0.9300 handle looks for test of next significant support at 0.9250, where also 55 day EMA lies, ahead of 0.9200 zone, loss of which to weaken the short-term structure. Daily studies, however, are turning bullish and see potential for further extension of short-term bull-leg off 0.8930 double bottom.

Res: 0.9300, 0.9333, 0.9350, 0.9376
Sup: 0.9250, 0.9220, 0.9200, 0.9187

 

[WindsorBrokers]

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

EUR/USD
The pair continues to travel south after break below 55 day SMA at 1.3080, daily Ichimoku cloud base at 1.3050 and static support at 1.3026, tested psychological support at 1.3000. Basing attempt is seen here, as the price bounces higher. Corrective rally has so far tested 1.3050, initial barrier, ahead of 1.3065, 55 day EMA and yesterday’s high at 1.3080, before bears take control. Main short-target lies at 1.2973, 16 Feb low, with daily studies in the negative territory, keeping the overall bearish tone in play. Only break above 1.3100/20 to offer near-term relief and allow for stronger correction.

Res: 1.3065, 1.3077, 1.3090, 1.3100
Sup: 1.3014, 1.3000, 1.2973, 1.2950

GBP/USD
Near-term price action seems to be running out of steam, as upside remains capped at 1.5715, main bear trendline and double top at 1.5745. Brief break below 1.5650 support keeps the downside vulnerable, as near-term studies hold below the midlines. Firm break below 1.5650/35 and test of 1.5600 would be the likely scenario, with break here to signal resumption of short-term downtrend off 1.5990 and expose 1.5500 zone for test. Only lift above 1.5745 would ease bear-pressure and allow test of strong barrier at 1.5800/30.

Res: 1.5700, 1.5715, 1.5745, 1.5800
Sup: 1.5650, 1.5635, 1.5620, 1.5600

USD/JPY
Corrects the latest rally that cleared our target at 84.00 and posted fresh high at 84.17, as hourly studies hit extreme levels. Reversal has so far tested initial support at 83.50 zone, with room seen for further easing towards next static support at 83.00, also 20 day EMA, before bulls re-assert, as overall very bullish structure on larger timeframes shows not signal of stronger correction, despite over-extended studies.

Res: 84.00, 84.17, 84.50, 85.00
Sup: 83.50, 83.00, 82.63, 82.50

USD/CHF
The pair’s near-term price action is in a corrective mode, after yesterday’s rally through key short-term barrier at 0.9300, posted fresh high at 0.9333, levels last time seen at the end of Jan. Loss of 0.9300 handle looks for test of next significant support at 0.9250, where also 55 day EMA lies, ahead of 0.9200 zone, loss of which to weaken the short-term structure. Daily studies, however, are turning bullish and see potential for further extension of short-term bull-leg off 0.8930 double bottom.

Res: 0.9300, 0.9333, 0.9350, 0.9376
Sup: 0.9250, 0.9220, 0.9200, 0.9187

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (14:00 GMT)

EUR/USD
The pair did not show much action during the European session, holding within a narrow range consolidation, above day’s high at 1.3000. Gains were so far capped by 55 day EMA at 1.3065, as hourly studies remain weak. Possible extension towards 1.3080/90 is not ruled out, but negative structure keeps the downside favored. Below 1.3000 to focus 1.2973, 16 Feb low and 1.2952, Fib 61.8% of 1.2622/1.3485 ascend.

Res: 1.3065, 1.3077, 1.3090, 1.3100
Sup: 1.3037, 1.3014, 1.3000, 1.2973

GBP/USD
Moves in a choppy sideways mode, with upside being limited under 1.5700 barrier and hourly studies holding below their midlines. Immediate focus lies at day’s lows at 1.5630 zone, ahead of more significant 12 mar low at 1.5600, loss of which to resume broader weakness off 1.5991 and open 1.5500 zone next. Strong barriers at 1.5711/45, main bear trendline / 13/14 Mar double top, keep the upside well protected for now.

Res: 1.5687, 1.5700, 1.5711, 1.5745
Sup: 1.5635, 1.5620, 1.5600, 1.5550

USD/JPY
Corrective pullback off today’s fresh high at 84.17 extends losses under Fib 38.2% of 81.95/82.00 upleg, as hourly studies are entering negative territory. This may risk an extension into 83.00, 50% and more significant supports at 82.63 and 82.00 zone, where 55 day EMA lies. Larger picture’s structure remains positive, but overextended studies see potential for stronger correction.

Res: 83.50, 83.83, 84.00, 84.17
Sup: 83.06, 83.00, 82.63, 82.50

USD/CHF
The pair’s near-term price action is in a corrective mode, after yesterday’s rally through key short-term barrier at 0.9300, posted fresh high at 0.9333, levels last time seen at the end of Jan. Loss of 0.9300 handle so far tested support at 0.9250, where also 55 day EMA lies, ahead of 0.9200 zone, 50% retracement of 0.9070/0.9333 ascend. Near-term structure is weakening, as hourly studies are breaking below the midlines. Daily studies, however, are turning bullish and see potential for further extension of short-term bull-leg off 0.8930 double bottom, with the latest reversal still seen corrective.

Res: 0.9287, 0.9300, 0.9317, 0.9333
Sup: 0.9250, 0.9232, 0.9220, 0.9200

 

[WindsorBrokers]

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

EUR/USD
The pair did not show much action during the European session, holding within a narrow range consolidation, above day’s high at 1.3000. Gains were so far capped by 55 day EMA at 1.3065, as hourly studies remain weak. Possible extension towards 1.3080/90 is not ruled out, but negative structure keeps the downside favored. Below 1.3000 to focus 1.2973, 16 Feb low and 1.2952, Fib 61.8% of 1.2622/1.3485 ascend.

Res: 1.3065, 1.3077, 1.3090, 1.3100
Sup: 1.3037, 1.3014, 1.3000, 1.2973

GBP/USD
Moves in a choppy sideways mode, with upside being limited under 1.5700 barrier and hourly studies holding below their midlines. Immediate focus lies at day’s lows at 1.5630 zone, ahead of more significant 12 mar low at 1.5600, loss of which to resume broader weakness off 1.5991 and open 1.5500 zone next. Strong barriers at 1.5711/45, main bear trendline / 13/14 Mar double top, keep the upside well protected for now.

Res: 1.5687, 1.5700, 1.5711, 1.5745
Sup: 1.5635, 1.5620, 1.5600, 1.5550

USD/JPY
Corrective pullback off today’s fresh high at 84.17 extends losses under Fib 38.2% of 81.95/82.00 upleg, as hourly studies are entering negative territory. This may risk an extension into 83.00, 50% and more significant supports at 82.63 and 82.00 zone, where 55 day EMA lies. Larger picture’s structure remains positive, but overextended studies see potential for stronger correction.

Res: 83.50, 83.83, 84.00, 84.17
Sup: 83.06, 83.00, 82.63, 82.50

USD/CHF
The pair’s near-term price action is in a corrective mode, after yesterday’s rally through key short-term barrier at 0.9300, posted fresh high at 0.9333, levels last time seen at the end of Jan. Loss of 0.9300 handle so far tested support at 0.9250, where also 55 day EMA lies, ahead of 0.9200 zone, 50% retracement of 0.9070/0.9333 ascend. Near-term structure is weakening, as hourly studies are breaking below the midlines. Daily studies, however, are turning bullish and see potential for further extension of short-term bull-leg off 0.8930 double bottom, with the latest reversal still seen corrective.

Res: 0.9287, 0.9300, 0.9317, 0.9333
Sup: 0.9250, 0.9232, 0.9220, 0.9200