Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD
Hovers around 20 day EMA under 1.3100, after near-term recovery from 1.3000, yesterday’s fresh one-month low, cleared initial barriers at 1.3080/90, to test the next pair of resistances at 1.3100/20, where gains were limited for now. Daily studies remain negative, while some more positive tone is seen on hourly chart, however, close above 1.3120, Fib 61.8% of 1.3190/1.3000 decline and 1.3150, daily 90 day SMA, is required to resume recovery and expose key short-term barrier at 1.3190. On the downside, immediate support lies at 1.3070, while break below hourly platform at 1.3040 would risk further weakness towards 1.3000 and 1.2973, on a break.

Res: 1.3090, 1.3100, 1.3120, 1.3150
Sup: 1.3070, 1.3037, 1.3014, 1.3000

GBP/USD
Near-term picture improves after the price find support at 1.5630, also daily Ichimoku cloud top, with break above 1.5700 zone, figure resistance / main bear trendline, extending gains close to key near-term resistance and range top at 1.5745. Positive hourly structure sees potential for fresh extension higher, with clear break above 1.5745, required to improve weakening tone on a daily chart, where 55 day SMA underpins for now. Failure to clear 1.5645 would risk further range trade, while loss of 1.5630 higher platform, to signal lower top and focus key near-term support at 1.5600.

Res: 1.5725, 1.5735, 1.5745, 1.5800
Sup: 1.5693, 1.5665, 1.5635, 1.5620

USD/JPY

Corrective pullback off 84.17, yesterday’s fresh high broke below initial support at 83.50, to find temporary support at 83.20, near Fib 38.2% of 81.95/84.17 upleg. The pair enters narrow range consolidation, with still weak hourly studies, seeing potential for further corrective easing. Risk is seen on today’s closing below 83.00, also 50% retracement that may delay broader bulls in favor of stronger corrective action. Strong supports lie at 82.63 and 82.00. Daily studies remain positive but overextended.

Res: 83.50, 83.60, 83.83, 84.00
Sup: 83.30, 83.20, 83.06, 83.00

USD/CHF
Near-term picture shows the pair under pressure, as the latest pullback off 0.9333 fresh high, dented bull trendline off 0.9070, testing 0.9200 support, also 50% retracement of 0.9070/0.9333 ascend, for now. As hourly studies remain negative and price action holding below 20 day EMA, potential is seen for fresh attempt at 0.9200 and possible extension to 0.9170, Fib 61.8%, before bulls re-assert, as daily studies entered positive territory. Only break below 0.9140, 13 Mar higher low, would sideline short-term bulls

Res: 0.9240, 0.9287, 0.9300, 0.9317
Sup: 0.9215, 0.9200, 0.9170, 0.9140

 

[WindsorBrokers]

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

EUR/USD
Holds the near-term positive tone off last week’s low at 1.3000, as last Friday’s price action accelerated gains to test 1.3186, Fib 38.2% of 1.3485/1.3000 descend, also 13 Mar previous high. The pair currently moves sideways, holding the narrow range, as consolidation of the latest strong rally. Positive near-term studies see potential for further recovery, with 20 day EMA underpinning at 1.3150 and break above 1.3190 barrier, to open next strong resistance at 1.3290/1.3300, 08 Mar high / Fib 61.8%. Only loss of 1.3120 would weaken the near-term structure.

Res: 1.3186, 1.3190, 1.3243, 1.3290
Sup: 1.3160, 1.3150, 1.3120, 1.3100

GBP/USD
Last week’s strong recovery rally off 1.5600 base, turned focus higher, as the price broke above key near-term barriers at 1.5830/42, 08 Mar high / Fib 61.8% of 1.5991/1.5600 downleg. Strong barrier of 200 day SMA at 1.5860, has been tested so far, with break here to open way towards next hurdles at 1.5880/1.5900. Hourly and 4H studies are extended that may risk stronger correction, however, positive structure would stay unharmed, while dips holds above 1.5750.

Res: 1.5860, 1.5881, 1.5900, 1.5965
Sup: 1.5817, 1.5800, 1.5760, 1.5735

USD/JPY
Corrective pullback off last week’s fresh 11-month high, has so far found good support just above 83.00 handle, also 20 day EMA, however, negative hourly studies see potential for further reversal. Next strong supports lie at 82.80/63, 50% retracement / 09 mar previous high, while only loss of 82.00 handle, also Fib 61.8%, would turn short-term focus lower. Daily studies are over-extended, however, no firm signal of reversal seen yet. On the upside, 83.55 offers initial resistance, ahead of 84.00.

Res: 83.55, 83.60, 83.93, 84.00
Sup: 83.00, 82.80, 82.50, 82.37

USD/CHF
Near-term structure holds negative tone, as reversal off 0.9333, last week’s fresh high, broke below main bull trendline, drawn off 0.8930 low and Fib 38.2% at 0.9180. The price now approaches next strong support at 0.9138, 13 Mar low / 50% retracement, with current consolidation seen capped at 0.9200, 15 Mar low , 55 day EMA. Daily studies are losing traction and see risk of further reversal, while only regain of 0.9250 averts immediate downside risk.


Res: 0.9172, 0.9200, 0.9215, 0.9252
Sup: 0.9150, 0.9138, 0.9100, 0.9070

 

[WindsorBrokers]

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

EUR/USD
Holds the near-term positive tone off last week’s low at 1.3000, as last Friday’s price action accelerated gains to test 1.3186, Fib 38.2% of 1.3485/1.3000 descend, also 13 Mar previous high. The pair currently moves sideways, holding the narrow range, as consolidation of the latest strong rally. Positive near-term studies see potential for further recovery, with 20 day EMA underpinning at 1.3150 and break above 1.3190 barrier, to open next strong resistance at 1.3290/1.3300, 08 Mar high / Fib 61.8%. Only loss of 1.3120 would weaken the near-term structure.

Res: 1.3186, 1.3190, 1.3243, 1.3290
Sup: 1.3160, 1.3150, 1.3120, 1.3100

GBP/USD
Last week’s strong recovery rally off 1.5600 base, turned focus higher, as the price broke above key near-term barriers at 1.5830/42, 08 Mar high / Fib 61.8% of 1.5991/1.5600 downleg. Strong barrier of 200 day SMA at 1.5860, has been tested so far, with break here to open way towards next hurdles at 1.5880/1.5900. Hourly and 4H studies are extended that may risk stronger correction, however, positive structure would stay unharmed, while dips holds above 1.5750.

Res: 1.5860, 1.5881, 1.5900, 1.5965
Sup: 1.5817, 1.5800, 1.5760, 1.5735

USD/JPY
Corrective pullback off last week’s fresh 11-month high, has so far found good support just above 83.00 handle, also 20 day EMA, however, negative hourly studies see potential for further reversal. Next strong supports lie at 82.80/63, 50% retracement / 09 mar previous high, while only loss of 82.00 handle, also Fib 61.8%, would turn short-term focus lower. Daily studies are over-extended, however, no firm signal of reversal seen yet. On the upside, 83.55 offers initial resistance, ahead of 84.00.

Res: 83.55, 83.60, 83.93, 84.00
Sup: 83.00, 82.80, 82.50, 82.37

USD/CHF
Near-term structure holds negative tone, as reversal off 0.9333, last week’s fresh high, broke below main bull trendline, drawn off 0.8930 low and Fib 38.2% at 0.9180. The price now approaches next strong support at 0.9138, 13 Mar low / 50% retracement, with current consolidation seen capped at 0.9200, 15 Mar low , 55 day EMA. Daily studies are losing traction and see risk of further reversal, while only regain of 0.9250 averts immediate downside risk.


Res: 0.9172, 0.9200, 0.9215, 0.9252
Sup: 0.9150, 0.9138, 0.9100, 0.9070

 

[WindsorBrokers]

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

EUR/USD
Corrective pullback off last Friday’s high at 1.3186, also Fib 38.2% of 1.3485/1.3000, so far found footstep at 1.3140, 55 day EMA, but hourly studies continues to point lower. This sees potential of further easing towards next support at 1.3120/00, below which to open 1.3090, bull trendline off 1.3000 and 55 day SMA, where potential dips should be contained, to keep short-term bulls in play. On the upside, 1.3186 offers initial resistance, with break here to resume recovery and expose next strong barrier at 1.3290, 08 Mar high / Fib 61.8%.

Res: 1.3169, 1.3186, 1.3190, 1.3243
Sup: 1.3140, 1.3120, 1.3100, 1.3090

GBP/USD
Brief consolidation under last Friday’s high and 200 day SMA at 1.5860, was contained at 1.5820. Fresh strength broke above 1.5860, initial barrier and also cleared 1.5881, 06 Mar high. Overbought hourly and extended studies on 4H chart warn of pullback, with 20 day EMA at 1.5835 and day’s low at 1.5820, offering initial support. Today’s close above 200 day SMA would signal further strengthening and possible attempt at 1.5990/1.6000 zone.

Res: 1.5881, 1.5888, 1.5900, 1.5974
Sup: 1.5820, 1.5800, 1.5760, 1.5735

USD/JPY
The pair bounces off today’s low at 83.00, where the pullback off recent fresh high at 84.17 found temporary support. Initial barrier at 83.55 has been regained, with clearance of 83.93 required to re-focus 84.17, as hourly studies are gaining momentum. Upside rejection under 83.93, however, may risk lower top, ahead of fresh weakness, as studies on 4H chart are still pointing lower. Overextended daily studies also see risk of stronger correction of the recent strong rally from 76.00.

Res: 83.55, 83.60, 83.93, 84.00
Sup: 83.20, 83.00, 82.80, 82.50

USD/CHF
The pair remains under pressure, after extending pullback from 0.9333, 15 Mar peak, through main bull trendline and Fib 38.2% at 1.3180.Near-term consolidation above 0.9150, day’s low is under way, with 20 day EMA limiting gains and hourly studies still in the negative territory, seeing potential for further easing and test of 0.9138/34, 13 Mar low / 50% retracement, next. On the upside, lift above 0.9200, initial barrier would improve the near-term structure.

Res: 0.9176, 0.9200, 0.9215, 0.9252
Sup: 0.9150, 0.9138, 0.9100, 0.9070

 

[WindsorBrokers]

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

EUR/USD
Corrective pullback off last Friday’s high at 1.3186, also Fib 38.2% of 1.3485/1.3000, so far found footstep at 1.3140, 55 day EMA, but hourly studies continues to point lower. This sees potential of further easing towards next support at 1.3120/00, below which to open 1.3090, bull trendline off 1.3000 and 55 day SMA, where potential dips should be contained, to keep short-term bulls in play. On the upside, 1.3186 offers initial resistance, with break here to resume recovery and expose next strong barrier at 1.3290, 08 Mar high / Fib 61.8%.

Res: 1.3169, 1.3186, 1.3190, 1.3243
Sup: 1.3140, 1.3120, 1.3100, 1.3090

GBP/USD
Brief consolidation under last Friday’s high and 200 day SMA at 1.5860, was contained at 1.5820. Fresh strength broke above 1.5860, initial barrier and also cleared 1.5881, 06 Mar high. Overbought hourly and extended studies on 4H chart warn of pullback, with 20 day EMA at 1.5835 and day’s low at 1.5820, offering initial support. Today’s close above 200 day SMA would signal further strengthening and possible attempt at 1.5990/1.6000 zone.

Res: 1.5881, 1.5888, 1.5900, 1.5974
Sup: 1.5820, 1.5800, 1.5760, 1.5735

USD/JPY
The pair bounces off today’s low at 83.00, where the pullback off recent fresh high at 84.17 found temporary support. Initial barrier at 83.55 has been regained, with clearance of 83.93 required to re-focus 84.17, as hourly studies are gaining momentum. Upside rejection under 83.93, however, may risk lower top, ahead of fresh weakness, as studies on 4H chart are still pointing lower. Overextended daily studies also see risk of stronger correction of the recent strong rally from 76.00.

Res: 83.55, 83.60, 83.93, 84.00
Sup: 83.20, 83.00, 82.80, 82.50

USD/CHF
The pair remains under pressure, after extending pullback from 0.9333, 15 Mar peak, through main bull trendline and Fib 38.2% at 1.3180.Near-term consolidation above 0.9150, day’s low is under way, with 20 day EMA limiting gains and hourly studies still in the negative territory, seeing potential for further easing and test of 0.9138/34, 13 Mar low / 50% retracement, next. On the upside, lift above 0.9200, initial barrier would improve the near-term structure.

Res: 0.9176, 0.9200, 0.9215, 0.9252
Sup: 0.9150, 0.9138, 0.9100, 0.9070

 

[WindsorBrokers]

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

EUR/USD
Steady recovery off last week’s 1.3000 low surged through 1.3190/1.3200 barriers on yesterday’s strong rally, to break above 50% retracement of 1.3485/1.3000 downleg and reach 1.3264 high so far. The pair holds above 1.3200 handle for now, as slight easing on overbought hourly studies was seen during the Asian session. Near-term studies remain positive, as 20 day EMA crossed above 55 day EMA on 4H chart, with hourly 20 day EMA holding the price for now. Immediate targets lie at 1.3290/1.3300, 08 Mar high / Fib 61.8%, above which to open way towards recent highs of end of Feb. Previous highs at 1.9190 zone offer strong support, ahead of yesterday’s low at 1.3141, loss of which would delay.

Res: 1.3243, 1.3264, 1.3290, 1.3300
Sup: 1.3224, 1.3200, 1.3190, 1.3141

GBP/USD
Daily structure improves after regain of 200 day SMA, with studies breaking above the centerlines and looking for extension towards recent highs at 1.6000 zone. Lower timeframes hold positive tone, with the latest corrective easing, finding for now footstep at 1.5860, previous high, however, possible further easing towards strong support at 1.5830/00 is not ruled out and only break here to weaken short-term bullish structure.

Res: 1.5900, 1.5913, 1.5974, 1.5991
Sup: 1.5860, 1.5830, 1.5820, 1.5800

USD/JPY
Near-term price action shows consolidation at 83.50 zone, after reversal from 84.17 high, found support at 83.00. The pair currently moves sideways, holding within narrow range, with hourly studies being neutral, while larger timeframe’s structure remains positive, despite hitting extreme points. Break above the recent range ceiling at 83.60 is required turn focus higher and open 84.00/17, above which to resume broader uptrend and expose targets at 85.30/50 zone. On the downside, risk is seen on loss of 83.00, yesterday’s low and 82.80, Fib 38.2% that would allow for stronger correction.

Res: 83.55, 83.60, 83.93, 84.00
Sup: 83.28, 83.00, 82.80, 82.50

USD/CHF
Remains in a near-term downtrend off 0.9333, 15 Mar high, as yesterday’s fresh slide through 0.9200 handle tested 0.9086, Fib 61.8% of 0.8930/0.9333 upleg. Corrective bounce holds under 20 day EMA at 0.9120 for now, with strong barriers at 0.9150/76, expected to cap, as near-term studies remain weak. Break below yesterday’s low and 08 Mar higher low at 0.9070, to sideline short-term bulls and turn focus towards 0.8930 double bottom, as daily studies are attempting below their midlines.

Res: 0.9120, 0.9150, 0.9176, 0.9200
Sup: 0.9100, 0.9090, 0.9070, 0.9020

 

[WindsorBrokers]

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

EUR/USD
Steady recovery off last week’s 1.3000 low surged through 1.3190/1.3200 barriers on yesterday’s strong rally, to break above 50% retracement of 1.3485/1.3000 downleg and reach 1.3264 high so far. The pair holds above 1.3200 handle for now, as slight easing on overbought hourly studies was seen during the Asian session. Near-term studies remain positive, as 20 day EMA crossed above 55 day EMA on 4H chart, with hourly 20 day EMA holding the price for now. Immediate targets lie at 1.3290/1.3300, 08 Mar high / Fib 61.8%, above which to open way towards recent highs of end of Feb. Previous highs at 1.9190 zone offer strong support, ahead of yesterday’s low at 1.3141, loss of which would delay.

Res: 1.3243, 1.3264, 1.3290, 1.3300
Sup: 1.3224, 1.3200, 1.3190, 1.3141

GBP/USD
Daily structure improves after regain of 200 day SMA, with studies breaking above the centerlines and looking for extension towards recent highs at 1.6000 zone. Lower timeframes hold positive tone, with the latest corrective easing, finding for now footstep at 1.5860, previous high, however, possible further easing towards strong support at 1.5830/00 is not ruled out and only break here to weaken short-term bullish structure.

Res: 1.5900, 1.5913, 1.5974, 1.5991
Sup: 1.5860, 1.5830, 1.5820, 1.5800

USD/JPY
Near-term price action shows consolidation at 83.50 zone, after reversal from 84.17 high, found support at 83.00. The pair currently moves sideways, holding within narrow range, with hourly studies being neutral, while larger timeframe’s structure remains positive, despite hitting extreme points. Break above the recent range ceiling at 83.60 is required turn focus higher and open 84.00/17, above which to resume broader uptrend and expose targets at 85.30/50 zone. On the downside, risk is seen on loss of 83.00, yesterday’s low and 82.80, Fib 38.2% that would allow for stronger correction.

Res: 83.55, 83.60, 83.93, 84.00
Sup: 83.28, 83.00, 82.80, 82.50

USD/CHF
Remains in a near-term downtrend off 0.9333, 15 Mar high, as yesterday’s fresh slide through 0.9200 handle tested 0.9086, Fib 61.8% of 0.8930/0.9333 upleg. Corrective bounce holds under 20 day EMA at 0.9120 for now, with strong barriers at 0.9150/76, expected to cap, as near-term studies remain weak. Break below yesterday’s low and 08 Mar higher low at 0.9070, to sideline short-term bulls and turn focus towards 0.8930 double bottom, as daily studies are attempting below their midlines.

Res: 0.9120, 0.9150, 0.9176, 0.9200
Sup: 0.9100, 0.9090, 0.9070, 0.9020

 

[WindsorBrokers]

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

EUR/USD
Reversal off yesterday’s high at 1.3264 is attempting to base at 1.3170 zone, where hourly 55 day EMA contained dips, after initial support at 1.3190 has been dented. Hourly studies are improving as the price bounces through 1.3200 and 20 day EMA at 1.3211, turning the focus higher. Regain of yesterday high at 1.3264 is required to resume short-term bulls off 1.3000 and open next array of resistances at 1.3290/1.3300, 08 Mar high / Fib 61.8% of 1.3485/1.3000 descend.

Res: 1.3240, 1.3264, 1.3290, 1.3300
Sup: 1.3190, 1.3170, 1.3141, 1.3100

GBP/USD
The pair attempts to base at 1.5830, day’s low / 08 Mar high, after pullback from fresh high at 1.5913, posted yesterday, briefly broke under 200 day SMA. Hourly studies, however, remain weak and risk of fresh weakness still exists. To avoid such scenario, we need to see break above 1.5913 that will improve the near-term structure. Otherwise, potential is seen for break below 1.5830/20 base that will allow for stronger reversal and open initial targets at 1.5800/1.5760.

Res: 1.5885, 1.5900, 1.5913, 1.5974
Sup: 1.5830, 1.5820, 1.5800, 1.5757

USD/JPY
The near-term price action remains entrenched within 83.00/83.80 range, after bounce off 83.00, regained initial barrier at 83.60, but failed on approach to the next barrier at 84.00 zone. The near-term studies remain neutral after yesterday’s Doji candle on daily chart, with break of either limit to define the near-term price direction. Extended daily studies, however, see potential for stronger reversal.

Res: 83.82, 83.93, 84.00, 84.17
Sup: 83.28, 83.00, 82.80, 82.50

USD/CHF
Returns to weakness, as the near-term recovery attempt off yesterday’s low at 0.9090, stalled at the first barrier at 0.9150. Fresh slide aims at 0.9100/0.9090, loss of which to resume short-term bears off 0.9333 high and expose next static supports at 0.9070/20. Today’s high at 0.9150, also 55 day EMA, is expected to cap the upside for now.


Res: 0.9138, 0.9150, 0.9176, 0.9200
Sup: 0.9100, 0.9090, 0.9070, 0.9020

 

[WindsorBrokers]

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

EUR/USD
Reversal off yesterday’s high at 1.3264 is attempting to base at 1.3170 zone, where hourly 55 day EMA contained dips, after initial support at 1.3190 has been dented. Hourly studies are improving as the price bounces through 1.3200 and 20 day EMA at 1.3211, turning the focus higher. Regain of yesterday high at 1.3264 is required to resume short-term bulls off 1.3000 and open next array of resistances at 1.3290/1.3300, 08 Mar high / Fib 61.8% of 1.3485/1.3000 descend.

Res: 1.3240, 1.3264, 1.3290, 1.3300
Sup: 1.3190, 1.3170, 1.3141, 1.3100

GBP/USD
The pair attempts to base at 1.5830, day’s low / 08 Mar high, after pullback from fresh high at 1.5913, posted yesterday, briefly broke under 200 day SMA. Hourly studies, however, remain weak and risk of fresh weakness still exists. To avoid such scenario, we need to see break above 1.5913 that will improve the near-term structure. Otherwise, potential is seen for break below 1.5830/20 base that will allow for stronger reversal and open initial targets at 1.5800/1.5760.

Res: 1.5885, 1.5900, 1.5913, 1.5974
Sup: 1.5830, 1.5820, 1.5800, 1.5757

USD/JPY
The near-term price action remains entrenched within 83.00/83.80 range, after bounce off 83.00, regained initial barrier at 83.60, but failed on approach to the next barrier at 84.00 zone. The near-term studies remain neutral after yesterday’s Doji candle on daily chart, with break of either limit to define the near-term price direction. Extended daily studies, however, see potential for stronger reversal.

Res: 83.82, 83.93, 84.00, 84.17
Sup: 83.28, 83.00, 82.80, 82.50

USD/CHF
Returns to weakness, as the near-term recovery attempt off yesterday’s low at 0.9090, stalled at the first barrier at 0.9150. Fresh slide aims at 0.9100/0.9090, loss of which to resume short-term bears off 0.9333 high and expose next static supports at 0.9070/20. Today’s high at 0.9150, also 55 day EMA, is expected to cap the upside for now.


Res: 0.9138, 0.9150, 0.9176, 0.9200
Sup: 0.9100, 0.9090, 0.9070, 0.9020

 

[WindsorBrokers]

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

EUR/USD
The pair continues to trend higher after yesterday’s close above 1.3200 handle, with overnight’s fresh strength, approaching key short-term barrier at 1.3290/1.3300, 08 Mar peak / Fib 61.8%. Near-term structure remains supportive and clearance of 1.3290/1.3300 to confirm bottom at 1.3000 and expose previous support and break point at 1.3360 zone. Immediate support lies at 1.3250, yesterday’s high / 20 day EMA, ahead of 1.3210, 55 day EMA and key near-term support at 1.3170, yesterday’s low / Fib 38.2% of 1.3000/1.3282. Only break here would delay bulls.

Res: 1.3240, 1.3264, 1.3290, 1.3300
Sup: 1.3250, 1.3210, 1.3190, 1.3170

GBP/USD
The upside levels above 1.5900 stay intact for now, as the pair moves sideways, holding just above broken 200 day SMA, currently at 1.5856. Hourly studies are still neutral, while daily structure sees signs of improvement, however, clear break above 1.5900/13 is required to confirm and open 1.6000 zone for retest. On the downside, 200 day SMA offers initial support, ahead of 1.5830/20 higher base, also 20 day EMA, with break below here to weaken the near-term structure.

Res: 1.5894, 1.5900, 1.5913, 1.5974
Sup: 1.5856, 1.5830, 1.5820, 1.5800

USD/JPY
The near-term price action remains entrenched within 83.00/83.80 range, after bounce off 83.00, regained initial barrier at 83.60, but failed on approach to the next barrier at 84.00 zone. The near-term studies remain neutral, with break of either limit to define the near-term price direction. Extended daily studies, however, see potential for stronger reversal.

Res: 83.75, 83.82, 83.93, 84.00
Sup: 83.52, 83.28, 83.00, 82.80

USD/CHF
Returns to weakness, as the near-term recovery attempt off yesterday’s low at 0.9090, stalled at the first barrier at 0.9150. Fresh slide aims at 0.9100/0.9090, loss of which to resume short-term bears off 0.9333 high and expose next static supports at 0.9070/20. Yesterday’s high at 0.9150, is expected to cap the upside for now.

Res: 0.9124, 0.9138, 0.9150, 0.9176
Sup: 0.9078, 0.9070, 0.9020, 0.9000

 

[WindsorBrokers]

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

EUR/USD
The pair continues to trend higher after yesterday’s close above 1.3200 handle, with overnight’s fresh strength, approaching key short-term barrier at 1.3290/1.3300, 08 Mar peak / Fib 61.8%. Near-term structure remains supportive and clearance of 1.3290/1.3300 to confirm bottom at 1.3000 and expose previous support and break point at 1.3360 zone. Immediate support lies at 1.3250, yesterday’s high / 20 day EMA, ahead of 1.3210, 55 day EMA and key near-term support at 1.3170, yesterday’s low / Fib 38.2% of 1.3000/1.3282. Only break here would delay bulls.

Res: 1.3240, 1.3264, 1.3290, 1.3300
Sup: 1.3250, 1.3210, 1.3190, 1.3170

GBP/USD
The upside levels above 1.5900 stay intact for now, as the pair moves sideways, holding just above broken 200 day SMA, currently at 1.5856. Hourly studies are still neutral, while daily structure sees signs of improvement, however, clear break above 1.5900/13 is required to confirm and open 1.6000 zone for retest. On the downside, 200 day SMA offers initial support, ahead of 1.5830/20 higher base, also 20 day EMA, with break below here to weaken the near-term structure.

Res: 1.5894, 1.5900, 1.5913, 1.5974
Sup: 1.5856, 1.5830, 1.5820, 1.5800

USD/JPY
The near-term price action remains entrenched within 83.00/83.80 range, after bounce off 83.00, regained initial barrier at 83.60, but failed on approach to the next barrier at 84.00 zone. The near-term studies remain neutral, with break of either limit to define the near-term price direction. Extended daily studies, however, see potential for stronger reversal.

Res: 83.75, 83.82, 83.93, 84.00
Sup: 83.52, 83.28, 83.00, 82.80

USD/CHF
Returns to weakness, as the near-term recovery attempt off yesterday’s low at 0.9090, stalled at the first barrier at 0.9150. Fresh slide aims at 0.9100/0.9090, loss of which to resume short-term bears off 0.9333 high and expose next static supports at 0.9070/20. Yesterday’s high at 0.9150, is expected to cap the upside for now.

Res: 0.9124, 0.9138, 0.9150, 0.9176
Sup: 0.9078, 0.9070, 0.9020, 0.9000

 

[WindsorBrokers]

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

EUR/USD
Remains in a near-term range-trade, as the upside targets at 1.3290/1.3300 zone, stay intact for now. However, the downside was so far protected at 1.3170, 20 Mar low, where yesterday’s fall found support. Hourly studies are rather neutral, while 4H ones, still in the positive territory, started pointing lower. Upside rejection below 1.3283 would signal possible completion of 4H head and shoulders pattern, with break below 1.3170 base, also neckline, required to confirm. On the upside, break above current range and clearance of key near-term barriers at 1.3290/1.3300 would open way for fresh extension of short-term uptrend of 1.3000, 15 Mar low.

Res: 1.3264, 1.3290, 1.3300, 1.3331
Sup: 1.3213, 1.3190, 1.3170, 1.3140

GBP/USD
Four-hour chart shows the near-term price action in consolidative mode after upside false break above previous high at 1.5913 and subsequent reversal into 1.5820 zone, where the pair found footstep. Regain of 200 day SMA, keeps the positive tone in play, with hourly studies gaining momentum. Break above 1.5922, yesterday’s peak, is required to resume rally from 1.5600 base, for possible attack at 1.6000 zone target. Strong support lies at 1.5855, also 200 day SMA, while only break below 1.5820/00, range floor / Fib 38.2% of 1.5600/1.5922, would weaken near-term tone.

Res: 1.5894, 1.5900, 1.5913, 1.5974
Sup: 1.5855, 1.5830, 1.5820, 1.5800

USD/JPY
Continues to move sideways, as renewed attempt higher failed to reclaim previous high at 84.14. Near-term range floor at 83.00 holds the downside for now, however, negative hourly studies keep the focus at the downside, as studies on the daily chart started pointing lower, off their extreme levels. Risk is seen on loss of 83.00 base, also 55 day EMA that may trigger stronger correction, with immediate downside targets at 82.63, 09 Mar high and 82.00, Fib 61.8% of 80.57/84.17 upleg. Immediate resistance lies at 83.50, while regain of 83.80 would ease downside pressure.

Res: 83.50, 83.82, 83.93, 84.08
Sup: 83.12, 83.00, 82.80, 82.63

USD/CHF
Near-term recovery attempt off 0.9075, yesterday’s low / near Fib 61.8% of 0.8930/0.9333 ascend, was capped at initial resistance at 0.9150, where the fresh weakness started. As the hourly studies approach negative territory and price breaks below 20 day EMA, immediate risk is seen on retest of 0.9075/70 support, below which to resume short-term downtrend and expose 0.9000, next target. On the upside, strong resistance at 0.9150 is expected to cap.

Res: 0.9124, 0.9150, 0.9176, 0.9200
Sup: 0.9093, 0.9075, 0.9070, 0.9020

 

[WindsorBrokers]

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

EUR/USD
Remains in a near-term range-trade, as the upside targets at 1.3290/1.3300 zone, stay intact for now. However, the downside was so far protected at 1.3170, 20 Mar low, where yesterday’s fall found support. Hourly studies are rather neutral, while 4H ones, still in the positive territory, started pointing lower. Upside rejection below 1.3283 would signal possible completion of 4H head and shoulders pattern, with break below 1.3170 base, also neckline, required to confirm. On the upside, break above current range and clearance of key near-term barriers at 1.3290/1.3300 would open way for fresh extension of short-term uptrend of 1.3000, 15 Mar low.

Res: 1.3264, 1.3290, 1.3300, 1.3331
Sup: 1.3213, 1.3190, 1.3170, 1.3140

GBP/USD
Four-hour chart shows the near-term price action in consolidative mode after upside false break above previous high at 1.5913 and subsequent reversal into 1.5820 zone, where the pair found footstep. Regain of 200 day SMA, keeps the positive tone in play, with hourly studies gaining momentum. Break above 1.5922, yesterday’s peak, is required to resume rally from 1.5600 base, for possible attack at 1.6000 zone target. Strong support lies at 1.5855, also 200 day SMA, while only break below 1.5820/00, range floor / Fib 38.2% of 1.5600/1.5922, would weaken near-term tone.

Res: 1.5894, 1.5900, 1.5913, 1.5974
Sup: 1.5855, 1.5830, 1.5820, 1.5800

USD/JPY
Continues to move sideways, as renewed attempt higher failed to reclaim previous high at 84.14. Near-term range floor at 83.00 holds the downside for now, however, negative hourly studies keep the focus at the downside, as studies on the daily chart started pointing lower, off their extreme levels. Risk is seen on loss of 83.00 base, also 55 day EMA that may trigger stronger correction, with immediate downside targets at 82.63, 09 Mar high and 82.00, Fib 61.8% of 80.57/84.17 upleg. Immediate resistance lies at 83.50, while regain of 83.80 would ease downside pressure.

Res: 83.50, 83.82, 83.93, 84.08
Sup: 83.12, 83.00, 82.80, 82.63

USD/CHF
Near-term recovery attempt off 0.9075, yesterday’s low / near Fib 61.8% of 0.8930/0.9333 ascend, was capped at initial resistance at 0.9150, where the fresh weakness started. As the hourly studies approach negative territory and price breaks below 20 day EMA, immediate risk is seen on retest of 0.9075/70 support, below which to resume short-term downtrend and expose 0.9000, next target. On the upside, strong resistance at 0.9150 is expected to cap.

Res: 0.9124, 0.9150, 0.9176, 0.9200
Sup: 0.9093, 0.9075, 0.9070, 0.9020

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD
The pair maintains near-term positive tone off last week’s low at 1.3132, as price action during the most of Asian session moved just under last Friday’s high at 1.3292. Immediate support at 1.3250, trendline drawn off 1.3132, so far holds the downside, with near-term studies in the positive territory, keeping the upside favored. However, clearance of past two week’s range top at 1.3290/1.3300, 08 Mar high / Fib 61.8% of 1.3485/1.3000, is required to resume short-term bulls off 1.3000, 15 Mar low and opens next barriers at 1.3331/55. Improving studies on a daily chart, may give an additional boost to the pair’s price. Below 1.3250, strong supports lie at 1.3220/00 and 1.3180 zone, with loss of the latter to weaken the near-term structure.

Res: 1.3283, 1.3292, 1.3300, 1.3331
Sup: 1.3246, 1.3220, 1.3200, 1.3190

GBP/USD
Bounce off last week’s low at 1.5769, keeps the near-term structure positive but gains stay short of near-term range ceiling at 1.5922, last week’s high, posted on 22 Mar. Weekly closure above 200 day SMA, currently at 1.5850, keeps the upside in focus, as daily studies moved above the centerlines. Regain of highs above 1.5900 is required to re-focus short-term top at 1.5991 and signal possible break above past two month range of 1.5600/1.5991. Immediate support lies at 1.5850, 55 day EMA / bull trendline off 1.5769, ahead of 1.5820/00, break of which to turn near-term focus lower and expose 1.5760/70, last week’s low / Fib 50% of 1.5600/1.5922 upleg.

Res: 1.5885, 1.5900, 1.5907, 1.5922
Sup: 1.5850, 1.5820, 1.5805, 1.5769

USD/JPY
Reversal from 84.17, 15 Mar fresh 11-month high, briefly broke below main bull-trendline off 76.00 base, also probing under 82.00 handle, during the past week. Firm break here would signal stronger reversal, as daily studies are now pointing lower. Near-term structure remains negative, with the recent sideways movement above last week’s low at 81.96, seen corrective, as 4H 55 day EMA keeps the upside capped for now, with, loss of 81.86/96 breakpoint, to open next significant supports at 81.05, 50% retracement and 80.55, 06/07 Mar higher platform. On the upside, 82.76 offers immediate resistance, ahead of 83.00/40 zone and only break above the latter to ease bear-pressure.

Res: 82.76, 82.94, 83.00, 83.15
Sup: 82.29, 81.95, 81.86, 81.45

USD/CHF
Short-term negative tone off 0.9333, 15 Mar top, remains in play, as the latest leg lower off last week’s high at 0.9177, briefly broke below very strong support at 0.9086/70 zone, Fib 61.8% of 0.8930/0.9333 ascend. Clear break here to signal a resumption of short-term downtrend off 0.9333 and expose 0.9020/00, next static support. Current bounce is seen corrective, with initial barrier at 0.9100 been tested so far, ahead of next levels at 0.9114 and 0.9136/50 zone. To improve the near-term picture, we need to see break above strong resistance at 0.9177, 19/22 Mar highs

Res: 0.9114, 0.9136, 0.9150, 0.9177
Sup: 0.9075, 0.9065, 0.9020, 0.9000

 

[WindsorBrokers]

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

EUR/USD

The pair maintains near-term positive tone off last week’s low at 1.3132, as price action during the most of Asian session moved just under last Friday’s high at 1.3292. Immediate support at 1.3250, trendline drawn off 1.3132, so far holds the downside, with near-term studies in the positive territory, keeping the upside favored. However, clearance of past two week’s range top at 1.3290/1.3300, 08 Mar high / Fib 61.8% of 1.3485/1.3000, is required to resume short-term bulls off 1.3000, 15 Mar low and opens next barriers at 1.3331/55. Improving studies on a daily chart, may give an additional boost to the pair’s price. Below 1.3250, strong supports lie at 1.3220/00 and 1.3180 zone, with loss of the latter to weaken the near-term structure.



Res: 1.3283, 1.3292, 1.3300, 1.3331

Sup: 1.3246, 1.3220, 1.3200, 1.3190

GBP/USD

Bounce off last week’s low at 1.5769, keeps the near-term structure positive but gains stay short of near-term range ceiling at 1.5922, last week’s high, posted on 22 Mar. Weekly closure above 200 day SMA, currently at 1.5850, keeps the upside in focus, as daily studies moved above the centerlines. Regain of highs above 1.5900 is required to re-focus short-term top at 1.5991 and signal possible break above past two month range of 1.5600/1.5991. Immediate support lies at 1.5850, 55 day EMA / bull trendline off 1.5769, ahead of 1.5820/00, break of which to turn near-term focus lower and expose 1.5760/70, last week’s low / Fib 50% of 1.5600/1.5922 upleg.



Res: 1.5885, 1.5900, 1.5907, 1.5922

Sup: 1.5850, 1.5820, 1.5805, 1.5769

USD/JPY

Reversal from 84.17, 15 Mar fresh 11-month high, briefly broke below main bull-trendline off 76.00 base, also probing under 82.00 handle, during the past week. Firm break here would signal stronger reversal, as daily studies are now pointing lower. Near-term structure remains negative, with the recent sideways movement above last week’s low at 81.96, seen corrective, as 4H 55 day EMA keeps the upside capped for now, with, loss of 81.86/96 breakpoint, to open next significant supports at 81.05, 50% retracement and 80.55, 06/07 Mar higher platform. On the upside, 82.76 offers immediate resistance, ahead of 83.00/40 zone and only break above the latter to ease bear-pressure.



Res: 82.76, 82.94, 83.00, 83.15

Sup: 82.29, 81.95, 81.86, 81.45

USD/CHF

Short-term negative tone off 0.9333, 15 Mar top, remains in play, as the latest leg lower off last week’s high at 0.9177, briefly broke below very strong support at 0.9086/70 zone, Fib 61.8% of 0.8930/0.9333 ascend. Clear break here to signal a resumption of short-term downtrend off 0.9333 and expose 0.9020/00, next static support. Current bounce is seen corrective, with initial barrier at 0.9100 been tested so far, ahead of next levels at 0.9114 and 0.9136/50 zone. To improve the near-term picture, we need to see break above strong resistance at 0.9177, 19/22 Mar highs



Res: 0.9114, 0.9136, 0.9150, 0.9177

Sup: 0.9075, 0.9065, 0.9020, 0.9000

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD
Eventual break above week-long range ceiling at 1.3290 zone and Fibonacci level at 1.3300, has improved outlook on larger timeframes, as the price cleared interim barriers at 1.3331/55, opening way for test of key resistance at 1.3485, 24/29 Feb double top. Hourly studies in overbought territory, however, see potential for consolidative/corrective action, before bulls resume. Previous resistance at 1.3331, along with 20 day EMA, offers initial support, ahead of more significant 1.3300/1.3280 zone. Only loss of 1.3200 handle would weaken the near-term structure.

Res: 1.3365, 1.3388, 1.3400, 1.3421
Sup: 1.3331, 1.3300, 1.3290, 1.3280

GBP/USD
Yesterday’s strong rally from 1.5800 zone, where the pair found support, surged through the recent peaks just above 1.5900 that kept near-term price action limited. Close above 200 day MA and improved studies on larger timeframes, open way for test of key short-term barrier at 1.5991, 29 Feb peak, with price hitting 1.5972, 01 Mar high so far. Hourly studies are extended, with RSI entering overbought zone that may signal corrective action preceding fresh rally. Previous range ceiling at 1.5920/00 zone and 20 day EMA at 1.5890, offer good support and should contain corrective dips.

Res: 1.5972, 1.5991, 1.6000, 1.6050
Sup: 1.5922, 1.5908, 1.5890, 1.5880

USD/JPY
Bounce off last Friday’s low at 81.96, stays limited at initial resistance at 83.00, with past two days price action being entrenched within narrow range and moving sideways. Hourly and 4H studies turned neutral, while dailies are still pointing lower. Clear break above 83.00 barrier is required to confirm bottom at 81.96 and resume recovery towards next resistance at 83.50, while break below main bull trendline at 82.43 may risk retest of 81.96 and possible stronger reversal.

Res: 83.00, 83.15, 83.50, 83.74
Sup: 82.59, 82.29, 81.95, 81.86

USD/CHF
Remains at the back foot, as short-term bears off 0.9333, 15 Mar peak, finally broke below strong support at 0.9070 zone. Daily studies broke into negative territory, as the price dipped to initial support at 0.9020 so far, just ahead of psychological level at 0.9000 and key short-term support at 0.8930, 24/29 Feb double-bottom. Situation on hourly chart shows studies pointing lower off oversold zone, suggesting corrective bounce, with previous support at 0.9070, now offering strong resistance. Only break above 0.912/35, 55 day EMA / yesterday’s high, would avert immediate downside risk.

Res: 0.9065, 0.9070, 0.9075, 0.9100
Sup: 0.9020, 0.9000, 0.8950, 0.8930

 

[WindsorBrokers]

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

EUR/USD
Eventual break above week-long range ceiling at 1.3290 zone and Fibonacci level at 1.3300, has improved outlook on larger timeframes, as the price cleared interim barriers at 1.3331/55, opening way for test of key resistance at 1.3485, 24/29 Feb double top. Hourly studies in overbought territory, however, see potential for consolidative/corrective action, before bulls resume. Previous resistance at 1.3331, along with 20 day EMA, offers initial support, ahead of more significant 1.3300/1.3280 zone. Only loss of 1.3200 handle would weaken the near-term structure.

Res: 1.3365, 1.3388, 1.3400, 1.3421
Sup: 1.3331, 1.3300, 1.3290, 1.3280

GBP/USD
Yesterday’s strong rally from 1.5800 zone, where the pair found support, surged through the recent peaks just above 1.5900 that kept near-term price action limited. Close above 200 day MA and improved studies on larger timeframes, open way for test of key short-term barrier at 1.5991, 29 Feb peak, with price hitting 1.5972, 01 Mar high so far. Hourly studies are extended, with RSI entering overbought zone that may signal corrective action preceding fresh rally. Previous range ceiling at 1.5920/00 zone and 20 day EMA at 1.5890, offer good support and should contain corrective dips.

Res: 1.5972, 1.5991, 1.6000, 1.6050
Sup: 1.5922, 1.5908, 1.5890, 1.5880

USD/JPY
Bounce off last Friday’s low at 81.96, stays limited at initial resistance at 83.00, with past two days price action being entrenched within narrow range and moving sideways. Hourly and 4H studies turned neutral, while dailies are still pointing lower. Clear break above 83.00 barrier is required to confirm bottom at 81.96 and resume recovery towards next resistance at 83.50, while break below main bull trendline at 82.43 may risk retest of 81.96 and possible stronger reversal.

Res: 83.00, 83.15, 83.50, 83.74
Sup: 82.59, 82.29, 81.95, 81.86

USD/CHF
Remains at the back foot, as short-term bears off 0.9333, 15 Mar peak, finally broke below strong support at 0.9070 zone. Daily studies broke into negative territory, as the price dipped to initial support at 0.9020 so far, just ahead of psychological level at 0.9000 and key short-term support at 0.8930, 24/29 Feb double-bottom. Situation on hourly chart shows studies pointing lower off oversold zone, suggesting corrective bounce, with previous support at 0.9070, now offering strong resistance. Only break above 0.912/35, 55 day EMA / yesterday’s high, would avert immediate downside risk.

Res: 0.9065, 0.9070, 0.9075, 0.9100
Sup: 0.9020, 0.9000, 0.8950, 0.8930

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (13:00 GMT)

EUR/USD
The pair is in near-term corrective reversal, after yesterday’s rally extended today to 1.3485, where gains were capped for now. Structure on hourly chart has weakened, as the price lost its bullish momentum, with break below overnight’s low at 1.3326, seeing risk of deeper correction towards strong support zone at 1.3300/1.3280 zone, also 20 day EMA on 4H chart, where the studies are holding positive tone and see scope for further extension higher and possible test of key barrier at 1.3485.

Res: 1.3384, 1.3388, 1.3400, 1.3421
Sup: 1.3318, 1.3300, 1.3290, 1.3280

GBP/USD
Strong near-term uptrend off yesterday’s higher low at 1.5800, briefly broke above key short-term barrier at 1.5991 today, reaching fresh high at 1.5997, ahead of pullback. The dip was short-lived and found footstep near daily low at 1.5941, with fresh push higher under way. Hourly studies are regaining momentum, with clearance of 1.6000 barrier required to resume short-term upleg from 1.5600 and expose 1.6090/1.6100 zone next. Only loss of strong support at 1.5900 zone would weaken the structure.

Res: 1.5997, 1.6000, 1.6050, 1.6090
Sup: 1.5942, 1.5922, 1.5908, 1.5890

USD/JPY
Hourly structure turns positive, as the near-term price action breaks above strong barrier and past two-days range ceiling at 83.00. This may signal an end of corrective phase, with regain of Fibonacci level at 83.30 and 83.50, required to confirm positive near-term structure and re-focus 84.00 zone. Recent range floor at 82.60, now offers strong support.

Res: 83.22, 83.50, 83.74, 84.00
Sup: 83.00, 82.59, 82.29, 81.95

USD/CHF
Near-term price action moves sideways and within narrow range, off today’s fresh low at 0.9015, as initial resistance at 0.9070 stays intact for now. Near-term studies remain negative, with downside favored. Loss of 0.9015/00 support to open way for test of key short-term level at 0.8930, 24/29 Feb double-bottom. Only firm break above 0.9100 handle to ease bear-pressure.

Res: 0.9065, 0.9070, 0.9075, 0.9100
Sup: 0.9015, 0.9000, 0.8950, 0.8930

 

[WindsorBrokers]

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

EUR/USD
The pair is in near-term corrective reversal, after yesterday’s rally extended today to 1.3485, where gains were capped for now. Structure on hourly chart has weakened, as the price lost its bullish momentum, with break below overnight’s low at 1.3326, seeing risk of deeper correction towards strong support zone at 1.3300/1.3280 zone, also 20 day EMA on 4H chart, where the studies are holding positive tone and see scope for further extension higher and possible test of key barrier at 1.3485.

Res: 1.3384, 1.3388, 1.3400, 1.3421
Sup: 1.3318, 1.3300, 1.3290, 1.3280

GBP/USD
Strong near-term uptrend off yesterday’s higher low at 1.5800, briefly broke above key short-term barrier at 1.5991 today, reaching fresh high at 1.5997, ahead of pullback. The dip was short-lived and found footstep near daily low at 1.5941, with fresh push higher under way. Hourly studies are regaining momentum, with clearance of 1.6000 barrier required to resume short-term upleg from 1.5600 and expose 1.6090/1.6100 zone next. Only loss of strong support at 1.5900 zone would weaken the structure.

Res: 1.5997, 1.6000, 1.6050, 1.6090
Sup: 1.5942, 1.5922, 1.5908, 1.5890

USD/JPY
Hourly structure turns positive, as the near-term price action breaks above strong barrier and past two-days range ceiling at 83.00. This may signal an end of corrective phase, with regain of Fibonacci level at 83.30 and 83.50, required to confirm positive near-term structure and re-focus 84.00 zone. Recent range floor at 82.60, now offers strong support.

Res: 83.22, 83.50, 83.74, 84.00
Sup: 83.00, 82.59, 82.29, 81.95

USD/CHF
Near-term price action moves sideways and within narrow range, off today’s fresh low at 0.9015, as initial resistance at 0.9070 stays intact for now. Near-term studies remain negative, with downside favored. Loss of 0.9015/00 support to open way for test of key short-term level at 0.8930, 24/29 Feb double-bottom. Only firm break above 0.9100 handle to ease bear-pressure.

Res: 0.9065, 0.9070, 0.9075, 0.9100
Sup: 0.9015, 0.9000, 0.8950, 0.8930

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD
Hourly studies lost bullish momentum, after yesterday’s rally was capped at 1.3384 and subsequent easing dipped to 1.3310. Hourly 55 day EMA so far contained reversal, just ahead of more significant support zone at 1.3300/1.3280, and while holding above here, fresh attack at 1.3384/1.3400 zone remains in play, as 4H chart’s studies hold positive tone. Lift above the latter to open way towards key short-term barrier at 1.3485.

Res: 1.3346, 1.3366, 1.3384, 1.3400
Sup: 1.3310, 1.3300, 1.3290, 1.3280

GBP/USD
Reversal from yesterday’s fresh high at 1.6000, after the pair briefly broke above previous 1.5991 peak, holds above yesterday’s lows at 1.5940 for now. However, further easing is not ruled out, as hourly studies are pointing lower, with next array of strong supports seen at 1.5920/00 zone, which should contain dips, to keep near-term bulls intact for possible fresh attempt higher. Clearance of 1.6000 to open 1.6090/1.6100 next. On the downside, 200 day MA at 1.5845 underpins.

Res: 1.5963, 1.6000, 1.6050, 1.6090
Sup: 1.5922, 1.5908, 1.5890, 1.5845

USD/JPY
The price is losing traction after yesterday’s brief break above 83.00 barrier, failed to sustain gains. Hourly studies are breaking below the midlines, with first support at 82.60 coming under pressure. Break here to open way for retest of key support and breakpoint at 81.95/85 zone, break of which to spark stronger reversal and expose Fibonacci level at 81.00 next. Key near-term barrier lies at 83.38, yesterday’s high and only break here to improve near-term structure.

Res: 83.00, 83.20, 83.50, 83.74
Sup: 82.60, 82.29, 81.95, 81.85

USD/CHF
Maintains negative short-term tone off 0.9333 peak, as loss of very strong support at 0.9070 zone now open way for test of psychological level at 0.9000, ahead of key support at 0.8930. Near-term studies hold in the negative territory, with current consolidation above yesterday’s low at 0.9015, being limited by 55 day EMA and still holding below 0.9070, now reverted to resistance. Only clear break here would avert immediate downside risk and allow for stronger correction.

Res: 0.9065, 0.9070, 0.9075, 0.9100
Sup: 0.9030, 0.9015, 0.9000, 0.8950