Short Term Technical Analysis for Majors

[WindsorBrokers]

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

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

 

[WindsorBrokers]

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

EUR/USD
The pair remains supported, as yesterday’s brief test of strong support zone at 1.3300/1.3280 was followed by bounce higher. Break above overnight’s range top at 1.3330 in early hours of European session, would signal fresh strength and possible attack at upside barriers at 1.3372/84, to open way for gains above 1.3400, psychological barrier and test of key short-term target at 1.3485. Near-term studies are pointing higher, with 20 day EMA at 1.3310, underpinning the advance. Only loss of 1.3260/50, 55 day EMA / main bull trendline off 1.3000, would weaken the near-term structure.

Res: 1.3360, 1.3372, 1.3384, 1.3400
Sup: 1.3310, 1.3300, 1.3290, 1.3280

GBP/USD
Pullback from 1.6000 peak, lost important supports at 1.5920/00, to dip below 1.5857, Fib 61.8% of 1.5769/1.6000 upleg, finding support at 1.5841, 200 day MA, ahead of strong recovery. Regain of 1.5900/20, 20 day EMA / previous tops, improves near-term structure, however, sustained break here is required to sideline near-term bears and bring focus back to 1.6000, as daily studies remain positive. Above 1.5920, to focus next barriers at 1.5960/70 zone. On the downside, supports lie at 1.5900 and 1.5880, loss of which to signal return to weakness.

Res: 1.5925, 1.5940, 1.5963, 1.5972
Sup: 1.5900, 1.5880, 1.5871, 1.5841

USD/JPY
The pair’s near-term price action seems to be running out of steam, as yesterday’s repeated attempt through initial barrier at 83.00, failed under Tuesday’s recovery peak at 83.38, with subsequent weakness, losing 83.00 and more significant 82.60, Main bull trendline off 76.00 / near-term range floor. Near-term studies entered negative territory and see risk of further easing towards key near-term support and breakpoint at 81.95/85 zone, loss of which to open way for stronger pullback and expose Fibonacci level at 81.00. Immediate resistances lie at 83.00/16, while only break above 83.38 improve the near-term structure.

Res: 83.38, 83.50, 83.74, 84.00
Sup: 82.43, 82.29, 81.95, 81.85

USD/CHF
The near-term price action remains in a sideways mode, but tone is turning negative, as yesterday’ s recovery attempt failed to clearly break above strong barrier at 0.9070, previous support. Subsequent easing is now turning focus at yesterday’s low at 0.9015, below which the only obstacle on the way towards 0.8930, end-February double-bottom, lies at 0.9000, round-figure support. Overall picture remains negative and only break above 0.9135, 26 Mar high, to ease bear pressure.

Res: 0.9070, 0.9080, 0.9100, 0.9135
Sup: 0.9015, 0.9000, 0.8950, 0.8930

 

[WindsorBrokers]

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

EUR/USD
The pair remains supported, as yesterday’s brief test of strong support zone at 1.3300/1.3280 was followed by bounce higher. Break above overnight’s range top at 1.3330 in early hours of European session, would signal fresh strength and possible attack at upside barriers at 1.3372/84, to open way for gains above 1.3400, psychological barrier and test of key short-term target at 1.3485. Near-term studies are pointing higher, with 20 day EMA at 1.3310, underpinning the advance. Only loss of 1.3260/50, 55 day EMA / main bull trendline off 1.3000, would weaken the near-term structure.

Res: 1.3360, 1.3372, 1.3384, 1.3400
Sup: 1.3310, 1.3300, 1.3290, 1.3280

GBP/USD
Pullback from 1.6000 peak, lost important supports at 1.5920/00, to dip below 1.5857, Fib 61.8% of 1.5769/1.6000 upleg, finding support at 1.5841, 200 day MA, ahead of strong recovery. Regain of 1.5900/20, 20 day EMA / previous tops, improves near-term structure, however, sustained break here is required to sideline near-term bears and bring focus back to 1.6000, as daily studies remain positive. Above 1.5920, to focus next barriers at 1.5960/70 zone. On the downside, supports lie at 1.5900 and 1.5880, loss of which to signal return to weakness.

Res: 1.5925, 1.5940, 1.5963, 1.5972
Sup: 1.5900, 1.5880, 1.5871, 1.5841

USD/JPY
The pair’s near-term price action seems to be running out of steam, as yesterday’s repeated attempt through initial barrier at 83.00, failed under Tuesday’s recovery peak at 83.38, with subsequent weakness, losing 83.00 and more significant 82.60, Main bull trendline off 76.00 / near-term range floor. Near-term studies entered negative territory and see risk of further easing towards key near-term support and breakpoint at 81.95/85 zone, loss of which to open way for stronger pullback and expose Fibonacci level at 81.00. Immediate resistances lie at 83.00/16, while only break above 83.38 improve the near-term structure.

Res: 83.38, 83.50, 83.74, 84.00
Sup: 82.43, 82.29, 81.95, 81.85

USD/CHF
The near-term price action remains in a sideways mode, but tone is turning negative, as yesterday’ s recovery attempt failed to clearly break above strong barrier at 0.9070, previous support. Subsequent easing is now turning focus at yesterday’s low at 0.9015, below which the only obstacle on the way towards 0.8930, end-February double-bottom, lies at 0.9000, round-figure support. Overall picture remains negative and only break above 0.9135, 26 Mar high, to ease bear pressure.

Res: 0.9070, 0.9080, 0.9100, 0.9135
Sup: 0.9015, 0.9000, 0.8950, 0.8930

 

[WindsorBrokers]

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

EUR/USD
The near-term structure turns positive, as bounce of 1.3252, yesterday’s low, where dips were contained at main bull trendline off 1.3000, regains levels close to week’s highs at 1.3372/84. Break above 1.3300, bear-trendline drawn from 1.4246, 27 Oct 2011 high, turns focus higher and brings retest of 1.3384 in play, clearance of which is required to resume bull-leg off 1.3000 and expose key short-term resistance at 1.3485. Daily studies remain firm, with weekly close above 1.3300 to confirm bullish structure. Initial support lies at 1.3340 zone, ahead of 1.3300 and trendline support at 1.3273.

Res: 1.3365, 1.3372, 1.3384, 1.3400
Sup: 1.3340, 1.3300, 1.3290, 1.3280

GBP/USD
Near-term bulls are fully in play after pullback from recent high at 1.6000 found support at 1.5840, with three-legged recovery nearly fully retracing 1.6000/1.5840 reversal. Firm tone on hourly and 4H charts supports and sees scope for extension above 1.6000, to open next significant levels at 1.6090/1.6100. Overbought conditions on hourly chart, however, may risk a pause in the near-term rally, with good support seen at 1.5950/30 zone. Clearance of 1.6000 barrier to confirm break above nearly two-month range, with positive tone on daily studies and price action firmly holding above 200 day MA, being supportive for fresh rally.

Res: 1.5994, 1.6000, 1.6050, 1.6090
Sup: 1.5968, 1.5950, 1.5935, 1.5920

USD/JPY
Remains under pressure, as recovery attempt failed to sustain gains above 83.00 and fresh weakness attempting through 81.95/85 break point. This would confirm lower top at 83.38 and open way for further retracement of 76.00/84.17 rally, with Fib 38.2% at 81.05 to come in focus on clear break below 81.85. Near-term studies are in the negative territory, but hourly RSI approaching oversold zone that may signal corrective action preceding fresh weakness. Initial resistance lies at 82.60 zone, previous lows / 20 day EMA, with 83.00 expected to cap. Only lift above 83.38 would sideline near-term bears.

Res: 82.49, 82.60, 82.77, 83.00
Sup: 81.95, 81.85, 81.45, 81.05

USD/CHF
Near-term corrective action off 0.9015 low was short-lived, as the price failed to sustain gains above initial barrier at 0.9070. Repeated attempts higher were capped under 0.9100, as 55 day EMA limited gains at 0.9091 yesterday. Fresh weakness have so far retested 0.9015, with break here required to resume towards 0.9000 and more important 0.8930 double-bottom. Studies on lower timeframes remain firmly bearish, however, some hesitation is seen at 0.9015, as oversold hourly conditions see potential for corrective bounce. Initial resistance of 20 day EMA lies at 0.9050, ahead of static barriers at 0.9070/91.

Res: 0.9050, 0.9070, 0.9091, 0.9100
Sup: 0.9015, 0.9000, 0.8950, 0.8930

 

[WindsorBrokers]

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

EUR/USD
Holds near-term momentum, despite overnight’s return to last Friday’s closing levels, after gap higher opening today. Regain of hourly 20 day EMA at 1.3340, turn the near-term focus towards the past couple of days range top at 1.3380 zone. Break here is required to resume short-term bulls off 1.3000 base, with lift above 1.3400 barrier to open 1.3434, 0% retracement of med-term 1.4246/1.3000 descend and key resistance at 1.3485, end of Feb double-top. Daily studies remain supportive, as the pair’s weekly close above broken main bear-trendline, sees potential for further gains. Overnight’s low at 1.3330 offers initial support, along with hourly 55 day EMA, ahead of next one at 1.3300 zone, where last Friday’s lows lie, along with main bull trendline, drawn off 1.3000 base. Only loss of higher platform and near-term range floor at 1.3250 zone, would weaken the structure.

Res: 1.3375, 1.3384, 1.3400, 1.3434
Sup: 1.3330, 1.3308, 1.3290, 1.3280

GBP/USD
Holds steady after last Friday’s attempt above 1.6000 barrier that peaked at 1.6036 and subsequent pullback being contained at previous support at 1.5980 zone. Improving hourly structure and fresh rally through 1.6000, looks for retest of 1.6036, above which to signal an end of near-term consolidation and open initial targets at 1.6090/1.6100, ahead of more significant levels at 1.6130 and 1.6164, 31 Oct 2011 high / Fib 61.8% of broader 1.6745/1.5233 downleg. Strong support at 1.6000/1.5970 zone is expected to hold the downside, while only break below 1.5920/00 would delay bulls.

Res: 1.6050, 1.6090, 1.6100, 1.6130
Sup: 1.6000, 1.5980, 1.5965, 1.5950

USD/JPY
The pair recovers recent losses, after brief break below key short-term support zone at 82.95/85, bottomed 81.82 last Friday and subsequent bounce, along with gap higher today’s opening, regain important barrier at 83.00, hitting 83.29 high. Reversal from here needs to hold above 55 day EMA at 82.75, to keep the near-term structure intact for possible fresh attempt higher and retest of key near-term barriers at 83.30/38, above which to confirm bottom at 81.82 and avert immediate risk of further easing. However, studies on the daily chart remain negative and see risk of fresh weakness, especially if 83.38 stays intact. Break below 81.82, last Friday’s low, to expose Fib 38.2% at 81.05.

Res: 83.30, 83.38, 83.82, 84.00
Sup: 82.82, 82.75, 82.50, 82.00

USD/CHF
The downside remains in pressure, as fresh weakness seen overnight and gap lower opening, tested our next downside target at 0.9000. brief bounce higher is so far seen corrective, as hourly studies hold below their midlines and initial barrier at 0.9043, stays intact. Situation on daily chart shows fresh bearish momentum developing, as the price broke below trendline support at 0.9020, with 0.9000 being already dented. This may open way for extension towards 0.8958, Fib 61.8% of larger 0.8566/0.9593 ascend, ahead of key short-term support at 0.8930. Only break above last Thursday’s high at 0.9091 would delay bears.

Res: 0.9030, 0.9043, 0.9070, 0.9091
Sup: 0.9015, 0.9000, 0.8950, 0.8930

 

[WindsorBrokers]

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

EUR/USD
Holds near-term momentum, despite overnight’s return to last Friday’s closing levels, after gap higher opening today. Regain of hourly 20 day EMA at 1.3340, turn the near-term focus towards the past couple of days range top at 1.3380 zone. Break here is required to resume short-term bulls off 1.3000 base, with lift above 1.3400 barrier to open 1.3434, 0% retracement of med-term 1.4246/1.3000 descend and key resistance at 1.3485, end of Feb double-top. Daily studies remain supportive, as the pair’s weekly close above broken main bear-trendline, sees potential for further gains. Overnight’s low at 1.3330 offers initial support, along with hourly 55 day EMA, ahead of next one at 1.3300 zone, where last Friday’s lows lie, along with main bull trendline, drawn off 1.3000 base. Only loss of higher platform and near-term range floor at 1.3250 zone, would weaken the structure.

Res: 1.3375, 1.3384, 1.3400, 1.3434
Sup: 1.3330, 1.3308, 1.3290, 1.3280

GBP/USD
Holds steady after last Friday’s attempt above 1.6000 barrier that peaked at 1.6036 and subsequent pullback being contained at previous support at 1.5980 zone. Improving hourly structure and fresh rally through 1.6000, looks for retest of 1.6036, above which to signal an end of near-term consolidation and open initial targets at 1.6090/1.6100, ahead of more significant levels at 1.6130 and 1.6164, 31 Oct 2011 high / Fib 61.8% of broader 1.6745/1.5233 downleg. Strong support at 1.6000/1.5970 zone is expected to hold the downside, while only break below 1.5920/00 would delay bulls.

Res: 1.6050, 1.6090, 1.6100, 1.6130
Sup: 1.6000, 1.5980, 1.5965, 1.5950

USD/JPY
The pair recovers recent losses, after brief break below key short-term support zone at 82.95/85, bottomed 81.82 last Friday and subsequent bounce, along with gap higher today’s opening, regain important barrier at 83.00, hitting 83.29 high. Reversal from here needs to hold above 55 day EMA at 82.75, to keep the near-term structure intact for possible fresh attempt higher and retest of key near-term barriers at 83.30/38, above which to confirm bottom at 81.82 and avert immediate risk of further easing. However, studies on the daily chart remain negative and see risk of fresh weakness, especially if 83.38 stays intact. Break below 81.82, last Friday’s low, to expose Fib 38.2% at 81.05.

Res: 83.30, 83.38, 83.82, 84.00
Sup: 82.82, 82.75, 82.50, 82.00

USD/CHF
The downside remains in pressure, as fresh weakness seen overnight and gap lower opening, tested our next downside target at 0.9000. brief bounce higher is so far seen corrective, as hourly studies hold below their midlines and initial barrier at 0.9043, stays intact. Situation on daily chart shows fresh bearish momentum developing, as the price broke below trendline support at 0.9020, with 0.9000 being already dented. This may open way for extension towards 0.8958, Fib 61.8% of larger 0.8566/0.9593 ascend, ahead of key short-term support at 0.8930. Only break above last Thursday’s high at 0.9091 would delay bears.

Res: 0.9030, 0.9043, 0.9070, 0.9091
Sup: 0.9015, 0.9000, 0.8950, 0.8930

 

[WindsorBrokers]

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

EUR/USD
The near-term range ceiling at 1.3380 zone stays intact for now, as today’s renewed attempt higher, failed t break higher, stalling at 1.3380. Subsequent weakness brings last Friday’s low / trendline support at 1.3300 in focus. Break here would weaken the structure in favor of extension towards next array of supports at 1.3280/50 zone, with loss of the latter to signal near-term top and sideline bulls. Hourly and 4H studies are pointing lower and keep the downside vulnerable.

Res: 1.3330, 1.3375, 1.3384, 1.3400
Sup: 1.3300, 1.3290, 1.3280, 1.3250

GBP/USD
Short-term bulls extended gains today and post fresh yearly high at 1.6061. Sharp reversal from here was triggered on overbought hourly studies and MACD bearish divergence, shown on 1 and4H charts. Break below initial support at 1.6036, previous high and attempt through 1.6000, would weaken the near-term structure in case 1.6000 support gives way for extension towards 1.5980/65, next support zone. Larger timeframe’s structure remains positive and only loss of 1.5920//00 would sideline bulls and open way for fresh weakness.

Res: 1.6025, 1.6036, 1.6050, 1.6061
Sup: 1.5980, 1.5965, 1.5950, 1.5900

USD/JPY
Remains under pressure, as reversal off today’s high at 83.30, just ahead of strong barrier at 83.38, where gains stalled. Loss of 83.00 handle and 55 day EMA at 82.75, triggered fresh extension lower, with 82.00 zone coming under pressure, as hourly studies are breaking below the midlines that may risk retest of key near-term support and breakpoint at 81.95/85, loss of which to spark further retracement of two-month rally of 76.00/84.17.

Res: 82.50, 83.00, 83.30, 83.38
Sup: 82.00, 81.96, 81.85, 81.50

USD/CHF
Bounce off today’s low at 0.9000 is seen corrective, as overall picture remain negative. However, some improvement is seen on hourly chart, with clearance of the first barriers at 0.9090/0.9100 needed to ease immediate bear-pressure and allow for further correction, otherwise, risk is seen of lower top, before bears take control. Break below 0.9000 to expose key short-term support at 0.8930, end of Feb double-bottom.

Res: 0.9091, 0.9100, 0.9135, 0.9177
Sup: 0.9043, 0.9025, 0.9015, 0.9000

 

[WindsorBrokers]

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

EUR/USD
The near-term range ceiling at 1.3380 zone stays intact for now, as today’s renewed attempt higher, failed t break higher, stalling at 1.3380. Subsequent weakness brings last Friday’s low / trendline support at 1.3300 in focus. Break here would weaken the structure in favor of extension towards next array of supports at 1.3280/50 zone, with loss of the latter to signal near-term top and sideline bulls. Hourly and 4H studies are pointing lower and keep the downside vulnerable.

Res: 1.3330, 1.3375, 1.3384, 1.3400
Sup: 1.3300, 1.3290, 1.3280, 1.3250

GBP/USD
Short-term bulls extended gains today and post fresh yearly high at 1.6061. Sharp reversal from here was triggered on overbought hourly studies and MACD bearish divergence, shown on 1 and4H charts. Break below initial support at 1.6036, previous high and attempt through 1.6000, would weaken the near-term structure in case 1.6000 support gives way for extension towards 1.5980/65, next support zone. Larger timeframe’s structure remains positive and only loss of 1.5920//00 would sideline bulls and open way for fresh weakness.

Res: 1.6025, 1.6036, 1.6050, 1.6061
Sup: 1.5980, 1.5965, 1.5950, 1.5900

USD/JPY
Remains under pressure, as reversal off today’s high at 83.30, just ahead of strong barrier at 83.38, where gains stalled. Loss of 83.00 handle and 55 day EMA at 82.75, triggered fresh extension lower, with 82.00 zone coming under pressure, as hourly studies are breaking below the midlines that may risk retest of key near-term support and breakpoint at 81.95/85, loss of which to spark further retracement of two-month rally of 76.00/84.17.

Res: 82.50, 83.00, 83.30, 83.38
Sup: 82.00, 81.96, 81.85, 81.50

USD/CHF
Bounce off today’s low at 0.9000 is seen corrective, as overall picture remain negative. However, some improvement is seen on hourly chart, with clearance of the first barriers at 0.9090/0.9100 needed to ease immediate bear-pressure and allow for further correction, otherwise, risk is seen of lower top, before bears take control. Break below 0.9000 to expose key short-term support at 0.8930, end of Feb double-bottom.

Res: 0.9091, 0.9100, 0.9135, 0.9177
Sup: 0.9043, 0.9025, 0.9015, 0.9000

 

[WindsorBrokers]

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

EUR/USD
The near-term structure weakens again, as today’s attempt towards key barrier at 1.3380 zone, failed at 1.3366 and subsequent weakness pushed the price through trendline support at 1.3330, to test the top of strong support zone at 1.3300/1.3280 so far. This pushes hourly studies towards the negative territory, with similar situation on 4H chart, where indicators are pointing lower. Unless today’s high at 1.3366 is regained, near-term outlook remains in a neutral/negative mode, with risk of losing 1.3300/1.3280 handles for extension towards next significant support and near-term range floor at 1.3250, below which to possibly signal near-term top.

Res: 1.3324, 1.3354, 1.3366, 1.3384
Sup: 1.3300, 1.3277, 1.3265, 1.3250

GBP/USD
The pair comes under increased pressure after failing to regain 1.6061, yesterday’s fresh high. Reversal under 1.6000 support, also dented the next support zone at 1.5980/60, also Fib 38.2% of 1.5841/1.6061 upleg. With hourly studies losing momentum, near-term outlook remains aligned towards the downside, with break below 1.5930/25, 5 day EMA / Fib 61.8%, required to sideline short-term bulls. Larger picture, however, maintains bullish tone, as 200 day MA at 1.5850, underpins the price action, with initial target at 1.6100 still in focus.

Res: 1.5991, 1.6000, 1.6045, 1.6061
Sup: 1.5965, 1.5950, 1.5925, 1.5900

USD/JPY
The near-term recovery attempt off yesterday’s low at 81.54 holds around initial barrier at 82.20 for now, with regain of momentum seen on hourly chart that may spark further correction towards next significant barrier at 82.60. Negative tone on 4H and daily charts, however, sees no much potential for stronger recovery. While the key near-term resistances at 83.00/30 stay intact, risk exists for further correction and test of 81.05, Fib 38.2% of 79.00/84.17.

Res: 82.22, 82.50, 82.60, 83.00
Sup: 82.00, 81.82, 81.50, 81.05

USD/CHF
Near-term price action remains in a choppy range trade, during the past couple of days, as 0.9000 holds the downside and upside attempts stay capped at 0.9069. Hourly studies are neutral, but structure on 4H chart is more negative and sees the current consolidation preceding fresh weakness and attack at key support at 0.8930, as long as 0.9100 zone caps the upside. Negative tone dominates also on the daily chart, after the pair broke below bull trendline drawn off 0.8930.

Res: 0.9046, 0.9069, 0.9091, 0.9100
Sup: 0.9012, 0.9000, 0.8958, 0.8930

 

[WindsorBrokers]

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

EUR/USD
The near-term structure weakens again, as today’s attempt towards key barrier at 1.3380 zone, failed at 1.3366 and subsequent weakness pushed the price through trendline support at 1.3330, to test the top of strong support zone at 1.3300/1.3280 so far. This pushes hourly studies towards the negative territory, with similar situation on 4H chart, where indicators are pointing lower. Unless today’s high at 1.3366 is regained, near-term outlook remains in a neutral/negative mode, with risk of losing 1.3300/1.3280 handles for extension towards next significant support and near-term range floor at 1.3250, below which to possibly signal near-term top.

Res: 1.3324, 1.3354, 1.3366, 1.3384
Sup: 1.3300, 1.3277, 1.3265, 1.3250

GBP/USD
The pair comes under increased pressure after failing to regain 1.6061, yesterday’s fresh high. Reversal under 1.6000 support, also dented the next support zone at 1.5980/60, also Fib 38.2% of 1.5841/1.6061 upleg. With hourly studies losing momentum, near-term outlook remains aligned towards the downside, with break below 1.5930/25, 5 day EMA / Fib 61.8%, required to sideline short-term bulls. Larger picture, however, maintains bullish tone, as 200 day MA at 1.5850, underpins the price action, with initial target at 1.6100 still in focus.

Res: 1.5991, 1.6000, 1.6045, 1.6061
Sup: 1.5965, 1.5950, 1.5925, 1.5900

USD/JPY
The near-term recovery attempt off yesterday’s low at 81.54 holds around initial barrier at 82.20 for now, with regain of momentum seen on hourly chart that may spark further correction towards next significant barrier at 82.60. Negative tone on 4H and daily charts, however, sees no much potential for stronger recovery. While the key near-term resistances at 83.00/30 stay intact, risk exists for further correction and test of 81.05, Fib 38.2% of 79.00/84.17.

Res: 82.22, 82.50, 82.60, 83.00
Sup: 82.00, 81.82, 81.50, 81.05

USD/CHF
Near-term price action remains in a choppy range trade, during the past couple of days, as 0.9000 holds the downside and upside attempts stay capped at 0.9069. Hourly studies are neutral, but structure on 4H chart is more negative and sees the current consolidation preceding fresh weakness and attack at key support at 0.8930, as long as 0.9100 zone caps the upside. Negative tone dominates also on the daily chart, after the pair broke below bull trendline drawn off 0.8930.

Res: 0.9046, 0.9069, 0.9091, 0.9100
Sup: 0.9012, 0.9000, 0.8958, 0.8930

 

[WindsorBrokers]

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

EUR/USD
EUR/USD extends fall from yesterday, as Fibonacci 61.8% level at 1.3147 and 1.3132, 22 Mar low are cleared, with round figure support at 1.3100 now in focus. Strong support before our key downside targets at 1.3000 and 1.2973, 15 Mar low, lies at 1.3050 zone, where is low of 16 Mar and daily Ichimoku cloud base. Negative near-term studies continue to drive the pair lower, with no signal of correction, despite overextended hourly conditions.

Res: 1.3132, 1.3180, 1.3191, 1.3250
Sup: 1.3100, 1.3050, 1.3000, 1.2973

GBP/USD
The pair continues to trend lower, as minor supports at 1.5859/41 are out, opening way for the next array of supports at 1.5831, 50% retracement of 1.5600/1.6061 ascend, 1.5800, 26 Mar low and 1.5770, 22 mar low / Fib 61.8%. Outlook on lower timeframes remains negative, with hourly studies in oversold zone, suggesting possible corrective action.

Res: 1.5859, 1.5900, 1.5916, 1.5965
Sup: 1.5831, 1.5800, 1.5770, 1.5743

USD/JPY
Failure to break above 83.00 handle, reached late yesterday, triggered correction lower, where 82.50 zone was seen as good support to complete hourly bullish flag, before resuming higher. However, today’s fresh weakness under 82.50 has fully retraced yesterday’s strong rally off 82.00 , where the pair is currently attempting to base, but weaker near-term structure reduces possibility of further significant gains. Initial and strong barrier at 83.00 needs to be cleared to confirm near-term bullish stance off 81.54, otherwise, the latter may come in focus again.

Res: 82.69, 83.00, 83.29, 83.38
Sup: 82.00, 81.82, 81.50, 81.05

USD/CHF
Strong rally off 0.9000 base regained important barrier at 0.9175, 22 Mar high / 50% of 0.9333/0.9000, with further extension higher and test of next hurdle at 0.9200, 15 mar low / Fib 61.8%, seen next. Near-term structure remains positive, however, overbought conditions on both, 1 and 4H charts warn of corrective pullback. Initial support lies at 0.9133, while strong support zone at 0.9100/0.9080 is expected to keep the downside protected, to prevent retest of 0.9000.

Res: 0.9181, 0.9200, 0.9252, 0.9300
Sup: 0.9133, 0.9100, 0.9080, 0.9075

 

[WindsorBrokers]

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

EUR/USD
EUR/USD extends fall from yesterday, as Fibonacci 61.8% level at 1.3147 and 1.3132, 22 Mar low are cleared, with round figure support at 1.3100 now in focus. Strong support before our key downside targets at 1.3000 and 1.2973, 15 Mar low, lies at 1.3050 zone, where is low of 16 Mar and daily Ichimoku cloud base. Negative near-term studies continue to drive the pair lower, with no signal of correction, despite overextended hourly conditions.

Res: 1.3132, 1.3180, 1.3191, 1.3250
Sup: 1.3100, 1.3050, 1.3000, 1.2973

GBP/USD
The pair continues to trend lower, as minor supports at 1.5859/41 are out, opening way for the next array of supports at 1.5831, 50% retracement of 1.5600/1.6061 ascend, 1.5800, 26 Mar low and 1.5770, 22 mar low / Fib 61.8%. Outlook on lower timeframes remains negative, with hourly studies in oversold zone, suggesting possible corrective action.

Res: 1.5859, 1.5900, 1.5916, 1.5965
Sup: 1.5831, 1.5800, 1.5770, 1.5743

USD/JPY
Failure to break above 83.00 handle, reached late yesterday, triggered correction lower, where 82.50 zone was seen as good support to complete hourly bullish flag, before resuming higher. However, today’s fresh weakness under 82.50 has fully retraced yesterday’s strong rally off 82.00 , where the pair is currently attempting to base, but weaker near-term structure reduces possibility of further significant gains. Initial and strong barrier at 83.00 needs to be cleared to confirm near-term bullish stance off 81.54, otherwise, the latter may come in focus again.

Res: 82.69, 83.00, 83.29, 83.38
Sup: 82.00, 81.82, 81.50, 81.05

USD/CHF
Strong rally off 0.9000 base regained important barrier at 0.9175, 22 Mar high / 50% of 0.9333/0.9000, with further extension higher and test of next hurdle at 0.9200, 15 mar low / Fib 61.8%, seen next. Near-term structure remains positive, however, overbought conditions on both, 1 and 4H charts warn of corrective pullback. Initial support lies at 0.9133, while strong support zone at 0.9100/0.9080 is expected to keep the downside protected, to prevent retest of 0.9000.

Res: 0.9181, 0.9200, 0.9252, 0.9300
Sup: 0.9133, 0.9100, 0.9080, 0.9075

 

[WindsorBrokers]

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

EUR/USD
The pair undergoes mild correction after hitting fresh low just above 0.9100 supports, yesterday. Corrective rally was so far capped at 1.3150 zone by 20 day EMA. Hourly studies emerged from oversold zone, seeing potential for further recovery, however, situation on 4H chart shows more negative tone. To improve current structure, regain of minimum 1.3200 zone, where also Fib 31.8% of 1.3380/1.3106 descend lies. The recent fall weakened daily structure, as studies approach the midlines, suggesting that corrective action would be limited and fresh weakness seen as likely scenario. Break below 1.3100 low and main bull trendline, to open key short-term support zone at 1.3000/1.2973, lows of 15 Mar / 16 Feb.

Res: 1.3157, 1.3180, 1.3191, 1.3210
Sup: 1.3136, 1.3100, 1.3050, 1.3000

GBP/USD
Near-term corrective phase off yesterday’s low at 1.5832 holds at 1.5900, initial resistance zone, after regaining 200 day MA that was briefly broken. Improvement on hourly chart studies, keeps hopes for further recovery, with lift above 1.5920/30 zone, Fibonacci level and 20/55 day EMA’s required, but prospects remain limited as larger timeframes studies hold more negative tone. Loss of 200 day MA at 1.5850 and yesterday’s low at 1.5832 to expose next targets at 1.5800 and 1.5770.

Res: 1.5908, 1.5920, 1.5930, 1.5950
Sup: 1.5878, 1.5850, 1.5832, 1.5800

USD/JPY
Near-term price action remains entrenched within 82.00/83.00 range, with tone skewed towards the downside, as hourly studies broke below the midlines and 20 day EMA limiting the upside during Asian session. Risk is seen on los of strong near-term support at 82.00 that would weaken the tone further and re-attract recent low at 81.54, loss of which to signal further retracement of 76.00/84.17 rally and open Fibonacci level at 81.05. Only lift above 83.00 handle would avert immediate downside risk.

Res: 82.34, 82.67, 83.00, 83.29
Sup: 82.00, 81.82, 81.50, 81.05

USD/CHF
Corrects the near-term recovery rally off 0.9000 that peaked at 0.9181, strong resistance. Shallow reversal was so far contained by hourly 20 day EMA and just above Fib 23.6 of 0.9000/0.9181 upleg, with hourly studies still above the midlines, seeing potential of base. Indicators on 4H chart are more supportive, as holding positive tone and coming out of overbought territory. Firm break above 0.9180/0.9200, also Fib 61.8% of larger downmove from 0.9333 to 0.9000, is required to resume recovery and confirm bottom at 0.9000. Only break below 0.9100 would harm the near-term structure.

Res: 0.9181, 0.9200, 0.9252, 0.9300
Sup: 0.9142, 0.9135, 0.9113, 0.9100

 

[WindsorBrokers]

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

EUR/USD
The pair undergoes mild correction after hitting fresh low just above 0.9100 supports, yesterday. Corrective rally was so far capped at 1.3150 zone by 20 day EMA. Hourly studies emerged from oversold zone, seeing potential for further recovery, however, situation on 4H chart shows more negative tone. To improve current structure, regain of minimum 1.3200 zone, where also Fib 31.8% of 1.3380/1.3106 descend lies. The recent fall weakened daily structure, as studies approach the midlines, suggesting that corrective action would be limited and fresh weakness seen as likely scenario. Break below 1.3100 low and main bull trendline, to open key short-term support zone at 1.3000/1.2973, lows of 15 Mar / 16 Feb.

Res: 1.3157, 1.3180, 1.3191, 1.3210
Sup: 1.3136, 1.3100, 1.3050, 1.3000

GBP/USD
Near-term corrective phase off yesterday’s low at 1.5832 holds at 1.5900, initial resistance zone, after regaining 200 day MA that was briefly broken. Improvement on hourly chart studies, keeps hopes for further recovery, with lift above 1.5920/30 zone, Fibonacci level and 20/55 day EMA’s required, but prospects remain limited as larger timeframes studies hold more negative tone. Loss of 200 day MA at 1.5850 and yesterday’s low at 1.5832 to expose next targets at 1.5800 and 1.5770.

Res: 1.5908, 1.5920, 1.5930, 1.5950
Sup: 1.5878, 1.5850, 1.5832, 1.5800

USD/JPY
Near-term price action remains entrenched within 82.00/83.00 range, with tone skewed towards the downside, as hourly studies broke below the midlines and 20 day EMA limiting the upside during Asian session. Risk is seen on los of strong near-term support at 82.00 that would weaken the tone further and re-attract recent low at 81.54, loss of which to signal further retracement of 76.00/84.17 rally and open Fibonacci level at 81.05. Only lift above 83.00 handle would avert immediate downside risk.

Res: 82.34, 82.67, 83.00, 83.29
Sup: 82.00, 81.82, 81.50, 81.05

USD/CHF
Corrects the near-term recovery rally off 0.9000 that peaked at 0.9181, strong resistance. Shallow reversal was so far contained by hourly 20 day EMA and just above Fib 23.6 of 0.9000/0.9181 upleg, with hourly studies still above the midlines, seeing potential of base. Indicators on 4H chart are more supportive, as holding positive tone and coming out of overbought territory. Firm break above 0.9180/0.9200, also Fib 61.8% of larger downmove from 0.9333 to 0.9000, is required to resume recovery and confirm bottom at 0.9000. Only break below 0.9100 would harm the near-term structure.

Res: 0.9181, 0.9200, 0.9252, 0.9300
Sup: 0.9142, 0.9135, 0.9113, 0.9100

 

[WindsorBrokers]

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

EUR/USD
Continues to trend lower, after overnight brief correction that was capped at 1.3163. Fresh weakness through 1.3050, 16 Mar low / daily Ichimoku cloud base, now opens way towards significant support zone at 1.3000/1.2973, Feb/Mar lows. Negative tone dominates on near-term studies, with no signals of reversal, despite being in oversold territories. Initial resistances lie at 1.3100/32.

Res: 1.3100, 1.3132, 1.3163, 1.3180
Sup: 1.3038, 1.3025, 1.3000, 1.2973

GBP/USD
Slide off 1.6061, yearly high, was interrupted today by brief corrective bounce off 1.5832, with gains being limited at 1.5900, before bears took control. Fresh weakness broke below 200 day MA at 1.5845 and yesterday’s low at 1.5832, also 50% of 1.5600/1.6061 upleg, signaling further retracement. Immediate downside targets lie at 1.5800 and 1.5770, while today’s high at 1.5908 caps the upside for now.

Res: 1.5841, 1.5859, 1.5900, 1.5908
Sup: 1.5816, 1.5800, 1.5770, 1.5743

USD/JPY
Near-term structure weakened further after loss of 82.00 base. Dips so far reached 81.82, ahead of quick reversal above 82.00 barrier. This is seen corrective, as long as yesterday’s intraday high and 55 day EMA at 82.60 zone stay intact and only break here to improve near-term negative outlook. Hourly RSI emerged from oversold zone, while other indicators hold negative tone, while 4H studies remain negative, keeping the downside vulnerable for retest of previous low at 81.54, below which to open 81.00 zone next.

Res: 82.34, 82.67, 83.00, 83.29
Sup: 82.00, 81.82, 81.50, 81.05

USD/CHF
Remains in a strong uptrend from 0.9000 base, after brief pause off 0.9181, ended at 0.9141. Fresh strength surged through 0.9181 and 0.9200, Fib 61.8% of 0.9333/0.9000, to signal further recovery towards next barrier at 0.9250, 16 Mar high. Near-term positive structure remains supportive although studies are quite extended. Today’s intraday high and correction floor at 0.9181/41, offer initial support.

Res: 0.9221, 0.9252, 0.9300, 0.9333
Sup: 0.9181, 0.9141, 0.9135, 0.9116

 

[WindsorBrokers]

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

EUR/USD
Continues to trend lower, after overnight brief correction that was capped at 1.3163. Fresh weakness through 1.3050, 16 Mar low / daily Ichimoku cloud base, now opens way towards significant support zone at 1.3000/1.2973, Feb/Mar lows. Negative tone dominates on near-term studies, with no signals of reversal, despite being in oversold territories. Initial resistances lie at 1.3100/32.

Res: 1.3100, 1.3132, 1.3163, 1.3180
Sup: 1.3038, 1.3025, 1.3000, 1.2973

GBP/USD
Slide off 1.6061, yearly high, was interrupted today by brief corrective bounce off 1.5832, with gains being limited at 1.5900, before bears took control. Fresh weakness broke below 200 day MA at 1.5845 and yesterday’s low at 1.5832, also 50% of 1.5600/1.6061 upleg, signaling further retracement. Immediate downside targets lie at 1.5800 and 1.5770, while today’s high at 1.5908 caps the upside for now.

Res: 1.5841, 1.5859, 1.5900, 1.5908
Sup: 1.5816, 1.5800, 1.5770, 1.5743

USD/JPY
Near-term structure weakened further after loss of 82.00 base. Dips so far reached 81.82, ahead of quick reversal above 82.00 barrier. This is seen corrective, as long as yesterday’s intraday high and 55 day EMA at 82.60 zone stay intact and only break here to improve near-term negative outlook. Hourly RSI emerged from oversold zone, while other indicators hold negative tone, while 4H studies remain negative, keeping the downside vulnerable for retest of previous low at 81.54, below which to open 81.00 zone next.

Res: 82.34, 82.67, 83.00, 83.29
Sup: 82.00, 81.82, 81.50, 81.05

USD/CHF
Remains in a strong uptrend from 0.9000 base, after brief pause off 0.9181, ended at 0.9141. Fresh strength surged through 0.9181 and 0.9200, Fib 61.8% of 0.9333/0.9000, to signal further recovery towards next barrier at 0.9250, 16 Mar high. Near-term positive structure remains supportive although studies are quite extended. Today’s intraday high and correction floor at 0.9181/41, offer initial support.

Res: 0.9221, 0.9252, 0.9300, 0.9333
Sup: 0.9181, 0.9141, 0.9135, 0.9116

 

[WindsorBrokers]

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

EUR/USD

The pair regained some ground, after gains on US data last Friday were erased overnight. Last week’s low at 1.3030 zone holds the downside for now. Hourly studies are in positive/neutral mode, with break of initial barrier and near-term break point at 1.3110 zone, 04 Apr low / 06 Apr high / 20 day EMA / Fib 38.2% of 1.3380/1.3332 descend, required to improve near-term structure and allow for stronger correction. Break here to open next significant level at 1.3165, 05 Apr high / Fib 38.2%. However, situation on 4H chart shows more negative sentiment, as studies, despite pointing higher, stay deeply in the negative zone. Daily studies turned negative after the price broke below bull trendline connecting 1.2625 and 1.3000 lows, with strong support zone at 1.3000/1.2973, being in focus.

Res: 1.3106, 1.3111, 1.3163, 1.3180
Sup: 1.3032, 1.3000, 1.2973, 1.2930

GBP/USD


Holds the near-term positive tone off 1.5804, fresh two-week low posted on 05 Apr, with recovery staying capped under key near-term barrier at 1.5900 zone, high of 05 Apr / Fib 38.2% of 1.6061/1.5804 downleg / 55 day EMA. Weekly close above 200 day MA, may give additional boost to the near-term price action, but clearance of 1.5900 zone is required to resume gains and signal higher low at 1.5804, as larger picture’s bulls are still in play. Strong supports lie at 1.5804 and 1.5784/69, main bull trendline drawn off 1.5233, yearly low / 22 Mar low, with loss of these levels to turn the larger picture’s outlook negative and keep recent peaks above 1.6000 intact for now. Key short-term support lies at 1.5600.

Res: 1.5892, 1.5907, 1.5933, 1.5963
Sup: 1.5834, 1.5800, 1.5770, 1.5743

USD/JPY

Short-term bears remain fully in play, as the pair fell sharply last Friday, clearing supports at 81.82 and 81.54, with fresh low of 81.19 seen overnight, just ahead of our target at 81.06, Fib 38.2% of 76.00/84.17 ascend. Hourly studies are negative with RSI entering oversold zone that may signal some corrective action, yet not signals of reversal. Studies on a daily chart are in a steep descend, with ROC 14 already deep in the negative territory, suggesting that further retracement of 76.00/84.14 upleg is likely. Break below 81.06 to expose higher platform at 80.57 and 50% retracement at 80.09. On the upside, 82.20/50 zone offers strong resistance, while only regain of 83.00 would ease bear pressure.

Res: 81.60, 81.82, 82.00, 82.22
Sup: 81.19, 81.06, 80.57, 80.09

USD/CHF

Short-term recovery from 0.9000 base, was capped at 0.9221, 05 Apr high, after break above our initial target at 0.9206, fib 61.8% of 0.9333/0.9000 downleg. Near-term price action moves in a sideways mode, as the pair is holding within 0.9221/0.9158 range, with hourly studies being neutral for now. Indicators on 4H chart started pointing lower that keeps the downside still vulnerable, with key near-term barrier at 0.9160 zone, range floor / 20 day EMA. Break here would weaken the near-term structure and allow for stronger pullback. Daily studies are gaining momentum, with more upside action seen on a possible break above strong barrier at 0.9221/34, 05 Apr high / 90 day MA / Bear-trendline off 0.9593, 2012 high.

Res: 0.9200, 0.9221, 0.9234, 0.9252
Sup: 0.9178, 0.9158, 0.9141, 0.9135

 

[WindsorBrokers]

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

EUR/USD
Negative tone dominated during the early hours of European session, as the pair lost initial supports at 1.3110/00 and dipped to 1.3058, day’s low, where support was found. Quick recovery above 1.3100 handle improves the near-term structure, as hourly indicators reversed at the midlines and immediate focus turns higher. Main barrier at 1.3143, today’s high, needs to be cleared to signal break above near-term range and expose next significant resistance at 1.3165, 05 Apr high / Fib 38.2% / broken bull trendline off 1.2625, yearly low . Otherwise, further range trade would be the near-term scenario.

Res: 1.3143, 1.3163, 1.3191, 1.3205
Sup: 1.3100, 1.3058, 1.3047, 1.3032

GBP/USD
Steep fall from today’s high at 1.5929, has fully retraced the near-term recovery rally from 1.5804, 05 Apr low, ahead of bounce. Gains so far reached hourly 20 / 55 day EMA’s and Fib 61.8% of today’s descend at 1.5880 zone, with clear break here required to confirm basing attempt and re-focus levels above the next barrier at 1.5900. Recent price action shows the pair moving around 200 day MA and holding within 1.5800/1.5929 range, with sustained break above 1.5900 handle to re-focus 1.6000 zone. On the downside, loss of strong supports at 1.5800/1.5769 to further weaken short-term structure.

Res: 1.5881, 1.5900, 1.5930, 1.5963
Sup: 1.5850, 1.5845, 1.5834, 1.5800

USD/JPY
The pair continues to travel south, extending its short-term corrective phase off 84.17, fresh yearly high. Brief consolidation off 81.20 platform was capped at 81.85, where bears took the control, earlier today. Fresh leg lower, broke below 81.20 and 81.00, round figure / Fibonacci support, to possibly open way for further retracement towards 80.55 and 80.00, our next downside targets. Negative near-term studies keep the downside in focus, with initial resistance at 81.20 and more significant barriers at 81.85/82.00, regain of which would ease immediate bear pressure.

Res: 81.20, 81.66, 81.85, 82.00
Sup: 80.91, 80.57, 80.09, 80.00

USD/CHF
Short-term recovery from 0.9000 base, was capped at 0.9221, 05 Apr high, after break above our initial target at 0.9206, Fib 61.8% of 0.9333/0.9000 downleg. Subsequent easing below the near-term consolidation range at 0.9160 zone, found support at 0.9145, with near-term price action being congested within 0.9145/0.9220 band. Hourly studies are pointing higher, with break above initial barrier at 0.9200 required to re-focus 0.9221 high and open way for further recovery towards 0.9234/50 zone, 90 day MA / main bear trendline / 16 Mar high. On the downside, today’s low at 0.9145 and 55 day EMA at 0.9130, offer good support and only break here to weaken the near-term structure.


Res: 0.9209, 0.9221, 0.9234, 0.9252
Sup: 0.9151, 0.9144, 0.9132, 0.9100

 

[WindsorBrokers]

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

EUR/USD
Near-term price action remains in a neutral mode, as fading risk appetite limits the latest recovery attempt off 1.3032. Range ceiling at 1.3143, yesterday’s high, offers immediate resistance, with strong barrier at 1.3165, 05 Apr high / Fib 38.2% / 4H 55 day EMA. Only break here to open way for stronger recovery, as 4H chart studies are gaining momentum. Daily indicators, however, show the downside pressure and only regain of 1.3200/20, 55/90 MA’s / trendline resistance, would improve the outlook.

Res: 1.3137, 1.3143, 1.3163, 1.3191
Sup: 1.3065, 1.3050, 1.3032, 1.3000

GBP/USD
The pair regains strength after yesterday’s retest of 1.5800 base, where losses were contained. Fresh strength regained 1.5900 handle but break above key resistance zone at 1.5930 zone, where yesterday’s high and 50% retracement of 1.6061/1.5804 lie, is required break out of near-term range and confirm higher base at 1.5800 zone for extension higher and test of 1.5964/1.6000, Fibonacci / round figure resistances. Key near-term support lies at 1.5800 and only break here would weaken the structure and resume short-term bears off 1.6061.

Res: 1.5920, 1.5930, 1.5964, 1.6000
Sup: 1.5850, 1.5834, 1.5800, 1.5769

USD/JPY
The pair continues to move lower, extending its short-term corrective phase off 84.17, fresh yearly high. Yesterday’s consolidative attempt off off 81.20 was capped at 81.85, with fresh weakness extending losses through 81.00 to 80.61 so far. Negative tone keeps the downside in focus, with 55 day MA at 80.43, seen next, ahead of 50% retracement at 80.09. Initial resistance lies at 81.20, while only lift above 82.00 would pause short-term bears.

Res: 81.00, 81.20, 81.66, 81.85
Sup: 80.61, 80.43, 80.09, 80.00

USD/CHF
The pair trades in a neutral mode during the past few days, after the upside was capped at 0.9221. As studies on 4H chart are started to point lower, range floor and initial support at 0.9144, comes under pressure. Break here to sideline short-term bulls off 0.9000 base and open 0.9100/0.9090. Only break above 0.9220/30, previous high / trendline resistance, would revive bulls and open 0.9250/0.9300 zone.

Res: 0.9193, 0.9209, 0.9221, 0.9230
Sup: 0.9144, 0.9132, 0.9100, 0.9090

 

[WindsorBrokers]

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

EUR/USD
Near-term price action remains in a neutral mode, as fading risk appetite limits the latest recovery attempt off 1.3032. Range ceiling at 1.3143, yesterday’s high, offers immediate resistance, with strong barrier at 1.3165, 05 Apr high / Fib 38.2% / 4H 55 day EMA. Only break here to open way for stronger recovery, as 4H chart studies are gaining momentum. Daily indicators, however, show the downside pressure and only regain of 1.3200/20, 55/90 MA’s / trendline resistance, would improve the outlook.

Res: 1.3137, 1.3143, 1.3163, 1.3191
Sup: 1.3065, 1.3050, 1.3032, 1.3000

GBP/USD
The pair regains strength after yesterday’s retest of 1.5800 base, where losses were contained. Fresh strength regained 1.5900 handle but break above key resistance zone at 1.5930 zone, where yesterday’s high and 50% retracement of 1.6061/1.5804 lie, is required break out of near-term range and confirm higher base at 1.5800 zone for extension higher and test of 1.5964/1.6000, Fibonacci / round figure resistances. Key near-term support lies at 1.5800 and only break here would weaken the structure and resume short-term bears off 1.6061.

Res: 1.5920, 1.5930, 1.5964, 1.6000
Sup: 1.5850, 1.5834, 1.5800, 1.5769

USD/JPY
The pair continues to move lower, extending its short-term corrective phase off 84.17, fresh yearly high. Yesterday’s consolidative attempt off off 81.20 was capped at 81.85, with fresh weakness extending losses through 81.00 to 80.61 so far. Negative tone keeps the downside in focus, with 55 day MA at 80.43, seen next, ahead of 50% retracement at 80.09. Initial resistance lies at 81.20, while only lift above 82.00 would pause short-term bears.

Res: 81.00, 81.20, 81.66, 81.85
Sup: 80.61, 80.43, 80.09, 80.00

USD/CHF
The pair trades in a neutral mode during the past few days, after the upside was capped at 0.9221. As studies on 4H chart are started to point lower, range floor and initial support at 0.9144, comes under pressure. Break here to sideline short-term bulls off 0.9000 base and open 0.9100/0.9090. Only break above 0.9220/30, previous high / trendline resistance, would revive bulls and open 0.9250/0.9300 zone.

Res: 0.9193, 0.9209, 0.9221, 0.9230
Sup: 0.9144, 0.9132, 0.9100, 0.9090