Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

Extends recovery from 1.2515, 06 May fresh yearly low, to clear 1.2995, and 1.3035/47, 61.8% retracement of 1.3359/1.2515 decline/04 May intraday high. Break here now seeks for test of 1.3113/48, though overbought hourly studies warn of correction.1.2775 is expected to hold, and potential break lower, however, would delay and risk a test of 1.2609.

Res: 1.3100, 1.3113, 1.3148, 1.3190
Sup: 1.2898, 1.2806, 1.2775, 1.2690

GBP/USD

An initial recovery has taken place from last weeks low at 1.4475. This may constitute the first leg higher in a larger correction. Scope is seen for a short-term swing lower, before a potential return to strength.

Res: 1.4932, 1.5011, 1.5066, 1.5146
Sup: 1.4759, 1.4706, 1.4643, 1.4573

USD/JPY

Double top at 95.00 and break of a trendline support, sparked a sharp decline to 87.96 on 06 May. A lower rejection there and strong recovery has followed. An hourly bullish consolidation has been confirmed by break above 93.19. Market now focuses 93.98, possibly 95.00 on a break.

Res: 93.52, 93.98, 94.32, 95.00
Sup: 92.49, 91.64, 90.98, 90.00

USD/CHF

Extended gains to 1.1244 on 06 May so far, ahead of corrective phase. Higher low is now sought near 1.0925 for a fresh leg higher, and through 1.1244/62 to target 1.1484, 76% retracement of 1.1966/0.9916 decline. Downside, 1.0923/1.0839 zone supports.

Res: 1.1102, 1.1155, 1.1180, 1.1244
Sup: 1.0923, 1.0887, 1.0839, 1.0808

 

[pssonice]

analysis is followed by a trade. where are your trades ?

?

 

[WindsorBrokers]

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

EUR/USD

Extends recovery from 1.2515, 06 May fresh yearly low, to clear 1.2995, and 1.3035/47, 61.8% retracement of 1.3359/1.2515 decline/04 May intraday high, to reach 1.3093 today. A loss of momentum is now evident as market possibly tops for a decline back towards 1.2609/1.2515. Regain of 1.3093/1.3113, however, turns positive


Res: 1.3093, 1.3113, 1.3148, 1.3190
Sup: 1.2856, 1.2806, 1.2775, 1.2690

GBP/USD

An initial recovery has taken place from last weeks low at 1.4475. This may constitute the first leg higher in a larger correction, with initial resistances at 1.4932/1.5011 being cleared today. However, short-term swing lower, before a potential return to strength is not ruled out.

Res: 1.5107, 1.5146, 1.5174, 1.5209
Sup: 1.4759, 1.4706, 1.4643, 1.4573

USD/JPY

Double top at 95.00 and break of a trendline support, sparked a sharp decline to 87.96 on 06 May. A lower rejection there and strong recovery has followed. An hourly bullish consolidation has been confirmed by break above 93.19. Market now focuses 93.98, possibly 95.00 on a break.

Res: 93.52, 93.98, 94.32, 95.00
Sup: 92.49, 91.64, 90.98, 90.00

USD/CHF

Extended gains to 1.1244 on 06 May so far, ahead of corrective phase. Higher low is now sought near 1.0925 for a fresh leg higher, and through 1.1244/62 to target 1.1484, 76% retracement of 1.1966/0.9916 decline. Downside, 1.0923/1.0839 zone, supports.

Res: 1.1082, 1.1102, 1.1155, 1.1180
Sup: 1.0954, 1.0923, 1.0887, 1.0839

 

[WindsorBrokers]

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

EUR/USD

Extends recovery from 1.2515, 06 May fresh yearly low, to clear 1.2995, and 1.3035/47, 61.8% retracement of 1.3359/1.2515 decline/04 May intraday high, to reach 1.3093 today. A loss of momentum is now evident as market possibly tops for a decline back towards 1.2609/1.2515. Regain of 1.3093/1.3113, however, turns positive


Res: 1.3093, 1.3113, 1.3148, 1.3190
Sup: 1.2856, 1.2806, 1.2775, 1.2690

GBP/USD

An initial recovery has taken place from last weeks low at 1.4475. This may constitute the first leg higher in a larger correction, with initial resistances at 1.4932/1.5011 being cleared today. However, short-term swing lower, before a potential return to strength is not ruled out.

Res: 1.5107, 1.5146, 1.5174, 1.5209
Sup: 1.4759, 1.4706, 1.4643, 1.4573

USD/JPY

Double top at 95.00 and break of a trendline support, sparked a sharp decline to 87.96 on 06 May. A lower rejection there and strong recovery has followed. An hourly bullish consolidation has been confirmed by break above 93.19. Market now focuses 93.98, possibly 95.00 on a break.

Res: 93.52, 93.98, 94.32, 95.00
Sup: 92.49, 91.64, 90.98, 90.00

USD/CHF

Extended gains to 1.1244 on 06 May so far, ahead of corrective phase. Higher low is now sought near 1.0925 for a fresh leg higher, and through 1.1244/62 to target 1.1484, 76% retracement of 1.1966/0.9916 decline. Downside, 1.0923/1.0839 zone, supports.

Res: 1.1082, 1.1102, 1.1155, 1.1180
Sup: 1.0954, 1.0923, 1.0887, 1.0839

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:15 GMT)

EUR/USD

Rally from 1.2515, 06 May fresh yearly low, stalled at 1.3093 yesterday, ahead of sharp reversal. Market now focuses 1.2609/1.2515, and potential break here to open way for test of key longer-term supports at 1.2455/1.2331. Corrective attempts higher, however, are seen capped by 1.2807/15 zone, and only regain of 1.3093/1.3113 would improve the near-term outlook.

Res: 1.2807, 1.2815, 1.2881, 1.2947
Sup: 1.2675, 1.2609, 1.2569, 1.2515

GBP/USD

Current swing lower from yesterday's 1.5052 high is seen preceding a higher low for a fresh swing higher towards 1.5054/81. Downside, sustained break below 1.4475 will warn of an extension back towards 1.3500 medium-term.

Res: 1.4888, 1.4956, 1.5052, 1.5107
Sup: 1.4759, 1.4706, 1.4643, 1.4573

USD/JPY

Recovery off 87.96/90.83 has stalled at 93.52 yesterday, ahead of reversal. 92.30 low has been reached so far, with further weakening to open way for test of 91.64 and 90.83, ahead of possible extension to 87.96. Only regain of 93.52 improves and opens 93.98.

Res: 93.37, 93.52, 93.98, 94.32
Sup: 92.30, 91.64, 90.83, 90.00

USD/CHF

Extended gains to 1.1244 on 06 May so far, ahead of corrective phase. Higher low is now sought near 1.0925 for a fresh leg higher, and through 1.1244/62 to target 1.1484, 76% retracement of 1.1966/0.9916 decline. Downside, 1.0923/1.0839 zone supports.

Res: 1.1155, 1.1180, 1.1216, 1.1244
Sup: 1.1052, 1.1014, 1.0954, 1.0923

 

[WindsorBrokers]

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

EUR/USD

Extended losses trough1.2609 support today, following an upside rejection of the rally from 1.2515 at 1.3093 on 10 May. Next target stands at 1.2515, and break here to expose key longer-term supports at 1.2455/1.2331. Upside, 1.2750/60 offers immediate resistance, while only clearance of 1.3093/1.3113 firms.

Res: 1.2706, 1.2760, 1.2807, 1.2815
Sup: 1.2602, 1.2569, 1.2515, 1.2455

GBP/USD

Attempt to form higher low at 1.4719, yesterday's low, is now confirmed. Fresh gains towards 1.5052/81 is now expected, though, risk still seen for a lower high to form, ahead of fresh weakness, and break through 1.4475 to open way towards 1.3500 short-term.

Res: 1.5005, 1.5052, 1.5081, 1.5107
Sup: 1.4858, 1.4786, 1.4759, 1.4719

USD/JPY

Recovery off 87.96/90.83 has stalled at 93.52, ahead of reversal. 92.18 low has been reached yesterday, with further weakening to open way for test of 91.64 and 90.83, ahead of possible extension to 87.96. Only regain of 93.52 improves and opens 93.98.

Res: 93.12, 93.37, 93.52, 93.98
Sup: 92.18, 91.64, 90.83, 90.00

USD/CHF

Extended gains to 1.1244 high, seen on 06 May, ahead of corrective phase. Fresh gains off 1.0923 higher low, now seek for retest of 1.1244/62 to target 1.1484, 76% retracement of 1.1966/0.9916 decline. Downside, 1.1034 offers immediate support.

Res: 1.1155, 1.1180, 1.1216, 1.1244
Sup: 1.1034, 1.1014, 1.0954, 1.0923

 

[pssonice]

sorry, nice paintings, I can't find any entertainment value in this cartoon-like Sup.

and Res.

 

[WindsorBrokers]

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

EUR/USD

Extended losses trough1.2609 support today, following an upside rejection of the rally from 1.2515 at 1.3093 on 10 May. Next target stands at 1.2515, and break here to expose key longer-term supports at 1.2455/1.2331. Upside, 1.2760/1.2807 offer immediate resistance, while only clearance of 1.3093/1.3113 firms.

Res: 1.2738, 1.2760, 1.2807, 1.2815
Sup: 1.2602, 1.2569, 1.2515, 1.2455

GBP/USD

The latest gains off 1.4719, yesterday’s higher low, reached 1.5044, just below 1.5052, previous high, ahead of sharp reversal. If 1.5044 confirmed as lower top, then, likely scenario will be retest of 1.4475 and possible further weakness towards 1.3500 zone. Break above 1.5044/52, however, would resume the near-term uptrend from 1.4475.

Res: 1.5044, 1.5052, 1.5081, 1.5107
Sup: 1.4858, 1.4843, 1.4786, 1.4759

USD/JPY

Recovery off 87.96/90.83 has stalled at 93.52, ahead of reversal. Market reached 92.18 yesterday, with further weakening to open way for test of 91.64 and 90.83, ahead of possible extension to 87.96. Only regain of 93.52 improves and opens 93.98.

Res: 93.37, 93.52, 93.98, 94.32
Sup: 92.18, 91.64, 90.83, 90.00

USD/CHF

Extended gains to 1.1244 on 06 May, ahead of corrective pullback to 1.0923 on 10 May. Fresh advance from here now looks for retest of 1.1244/62 to target 1.1484, 76% retracement of 1.1966/0.9916 decline. Downside, 1.1034 offers immediate support.

Res: 1.1155, 1.1180, 1.1216, 1.1244
Sup: 1.1034, 1.1014, 1.0954, 1.0923

 

[WindsorBrokers]

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

EUR/USD

Maintains negative structure off 1.3093, with market now pressuring 1.2602. Trendline off 1.2515 so far held the downside attempts, and currently standing at 1.2628. Break below here and 1.2602 is required to attract 1.2515, possibly the key support at 1.2455/1.2313 on a break. Upside, 1.2760/1.2807 offer initial resistance, and pivot remains at 1.3093.

Res: 1.2738, 1.2760, 1.2807, 1.2815
Sup: 1.2628, 1.2602, 1.2569, 1.2515

GBP/USD

The latest gains off 1.4719, yesterday’s higher low, reached 1.5044, just below 1.5052, previous high, ahead of sharp reversal. If 1.5044 confirmed as lower top, then, likely scenario will be retest of 1.4475 and possible further weakness towards 1.3500 zone. Break above 1.5044/52, however, would resume the near-term uptrend from 1.4475.

Res: 1.5005, 1.5044, 1.5052, 1.5081
Sup: 1.4813, 1.4788, 1.4759, 1.4719

USD/JPY

Continues to extend recovery off 87.96, yearly low, posted on06 May. An hourly bull flag has now been completed and a break above 93.52 now looks for an extension to 93.98/94.32, possibly even 94.98 on a break. 93.05 offers immediate support.

Res: 93.98, 94.32, 94.50, 94.98
Sup: 93.05, 92.80, 92.18, 91.64

USD/CHF

Remains positive off 1.0923 higher low, with market currently forming a bull flag. Earlier corrective channel break also signals strength. Break above 1.1137 is needed to open 1.1244, ahead of fresh strength towards near-term target at 1.1484. Downside, 1.1034 supports.

Res: 1.1137, 1.1155, 1.1180, 1.1244
Sup: 1.1034, 1.1014, 1.0954, 1.0923

 

[WindsorBrokers]

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

EUR/USD

Today’s break below series of supports at 1.2628/02 and 1.2569 is now attempting at 1.2515. Further weakness will target key longer-term supports at 1.2455 and 1.2331. Corrective ticks seen capped by 1.2681/1.2760.

Res: 1.2681, 1.2738, 1.2760, 1.2807
Sup: 1.2515, 1.2455, 1.2422, 1.2388

GBP/USD

Bounce off 1.4475 left a double top at 1.5052/46, 61.8% of the 1.5389/1.4475 decline, ahead of fresh weakness. Today’s break below key higher low of 1.4719 turn bears towards 1.4475, break of which would attract 1.4396, 19 Apr 2009 low. Upside, regain of 1.4916 is needed to delay immediate bears.

Res: 1.4815, 1.4916, 1.5005, 1.5052
Sup: 1.4683, 1.4643, 1.4514, 1.4475

USD/JPY

Extended recovery off 87.96, yearly low, posted on06 May, to reach 93.64, ahead of pullback. Upside rejection now risks a relapse towards 92.18, possibly 91.64. To avoid immediate downside risk, regain of 93.64 is required.


Res: 93.65, 93.98, 94.32, 94.98
Sup: 92.18, 91.84, 91.64, 90.83

USD/CHF

Remains positive off 1.0923 higher low, with market currently forming a bull flag. Earlier corrective channel break also signals strength. Break above 1.1137 now looks for test of 1.1244, ahead of fresh strength towards near-term target at 1.1484. Downside, 1.1056/34 supports.

Res: 1.1180, 1.1216, 1.1244, 1.1335
Sup: 1.1075, 1.1056, 1.1034, 1.1014

 

[WindsorBrokers]

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

EUR/USD

Consolidation above 1.2515 resolves lower to print fresh annual lows below the latter. Risk is now seen of extension towards 1.2455 higher low next, with potential break here to target major pivotal low of 1.2331. Hourly reclaim of 1.2597/ 1.2610, however, eases immediate bear pressure.

Res: 1.2597, 1.2610, 1.2681, 1.2760
Sup: 1.2455, 1.2422, 1.2388, 1.2331

GBP/USD

The latest three legged correction to the downside is potentially corrective, with scope for a fresh leg higher towards the 23.6% retrace of the 1.7041/1.4475 fall, at 1.5081. Below 1.4475 weakens and under 1.4443 defers.

Res: 1.4705, 1.4719, 1.4743, 1.4815
Sup: 1.4514, 1.4475, 1.4443, 1.4397

USD/JPY

Pulling back from yesterday’s upper rejection of previous 93.54 high, to risk 92.18, where a swing low may emerge. Losing the latter, however, triggers deeper pullback at 91.64 and key 90.83.

Res: 93.14, 93.65, 93.98, 94.32
Sup: 92.47, 92.18, 91.84, 91.64

USD/CHF

Has broken out of minor bull flag to extend current upswing from 1.0923, 10 May higher low, with scope set towards 1.1244, last week’s rally high, posted on 06 May. A relapse back below 1.1075, however, weakens immediate tone.

Res: 1.1216, 1.1244, 1.1265, 1.1335
Sup: 1.1150, 1.1075, 1.1056, 1.1034

 

[WindsorBrokers]

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

EUR/USD

Extended weakness after today’s break through 1.2515, 06 May yearly low, and 1.2455, Mar 2009 low, to reach 1.2431 thus far. Immediate focus now stands at 1.2331, key Oct 2008 higher low, break of which may signal extension of the long-term weakness. Current bounce higher is seen corrective while 1.2760 caps and only break there to allow stronger recovery.

Res: 1.2574, 1.2610, 1.2681, 1.2760
Sup: 1.2431, 1.2422, 1.2388, 1.2331

GBP/USD

The latest three legged correction to the downside is potentially corrective, with scope for a fresh leg higher towards the 23.6% retrace of the 1.7041/1.4475 fall, at 1.5081. Below 1.4475 weakens and under 1.4443 defers.

Res: 1.4639, 1.4705, 1.4719, 1.4743
Sup: 1.4494, 1.4475, 1.4443, 1.4397

USD/JPY

Pulling back from yesterday’s upper rejection of previous 93.54 high, to risk 92.18, where a swing low may emerge. Losing the latter, however, triggers deeper pullback at 91.64 and key 90.83.

Res: 93.14, 93.65, 93.98, 94.32
Sup: 92.18, 91.84, 91.64, 90.83

USD/CHF

Upswing from 1.0923, 10 May higher low, broke through 1.1244, 06 May high, extending gains to 1.1264 thus far. Bulls look to extend towards 1.1433, 07 May 2009 swing high, while loss of immediate support at 1.1150 would delay for 1.1056, 12 May low.

Res: 1.1264, 1.1335, 1.1362, 1.1433
Sup: 1.1150, 1.1075, 1.1056, 1.1034

 

[WindsorBrokers]

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

EUR/USD

Continues to trend lower, after breaking 1.2610, to complete a bear flag. Key 1.2331 pivot has been cleared, and market now looks for test of 1.2134, 50% retracement of 0.8225/1.6040 ascend. Potential break here below opens 1.1826, 27 Feb 06 low, next. Immediate resistance now stands at 1.2372.

Res: 1.2372, 1.2407, 1.2441, 1.2514
Sup: 1.2233, 1.2208, 1.2169, 1.2134

GBP/USD

Today’s clear break under the recent 1.4475 low now triggers a potential substantial extension lower, with 1.4245 seen so far. Hourly structure remains negative while below 1.4640, with scope for further losses, and under 1.4245 to target 1.37/1.36 zone near-term..

Res: 1.4440, 1.4473, 1.4491, 1.4504
Sup: 1.4245, 1.4200, 1.4155, 1.4110

USD/JPY

Remains weak from the 93.50/64 double top area that ended the recovery leg off 87.96, yearly low, posted on 06 May. Below 91.50 will fuel the decline to 90.83 first, possibly 90.00 on a break. 92.42/68 should cap attempts higher.

Res: 92.42, 92.68, 93.14, 93.65
Sup: 91.64, 91.50, 90.83, 90.00

USD/CHF

Breach of 1.1245 pivot has focused 1.1484, 76.4% retracement of 1.1966/0.9916 decline, with 1.1444 reached thus far. Further gains would open 1.1500/46 zone next. Today's low at 1.1318 now provides a higher platform. Medium-term, bulls remain favored, targeting to 1.1742/80 area.

Res: 1.1444, 1.1484, 1.1500, 1.1546
Sup: 1.1318, 1.1258, 1.1244, 1.1188

 

[pssonice]

"sit'nwait-trading" Short Term Trading was once described as trading in and out ...

... of a financial instrument more than once in a year.
Today however the definition is more applicable to intra day trading where one is trading in and out of positions throughout the day.

you r analyzing for long term traders; "sit'nwait-trading"

 

[WindsorBrokers]

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

EUR/USD

Enters corrective mode after overnight’s break through key 1.2331 pivot, triggered fresh losses to 1.2233 thus far. Bounce off here has already cleared initial resistance at 1.2372, though break of 1.2514/33 is needed to trigger stronger recovery. Otherwise, fresh weakness through 1.2233 would target 1.2134, 50% retracement of 0.8225/1.6040, first.

Res: 1.2441, 1.2514, 1.2533, 1.2574
Sup: 1.2233, 1.2208, 1.2169, 1.2134

GBP/USD

Today’s clear break under the recent 1.4475 low now triggers a potential substantial extension lower, with 1.4245 seen so far. Hourly structure remains negative while below 1.4638, with scope for further losses, and under 1.4245 to target 1.37/1.36 zone near-term..

Res: 1.4509, 1.4547, 1.4638, 1.4705
Sup: 1.4245, 1.4200, 1.4155, 1.4110

USD/JPY

Remains weak from the 93.50/64 double top area that ended the recovery leg off 87.96, yearly low, posted on 06 May. Below 91.50 will fuel the decline to 90.83 first, possibly 90.00 on a break. 92.42/68 should cap attempts higher.

Res: 92.68, 93.14, 93.64, 93.98
Sup: 91.64, 91.50, 90.83, 90.00

USD/CHF

Breach of 1.1245 pivot has focused 1.1484, 76.4% retracement of 1.1966/0.9916 decline, with 1.1444 reached thus far. Further gains would open 1.1500/46 zone next. Loss of 1.1244 former pivot, would delay and open 1.1150 instead.

Res: 1.1444, 1.1484, 1.1500, 1.1546
Sup: 1.1295, 1.1258, 1.1244, 1.1150

 

[WindsorBrokers]

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

EUR/USD

Corrective attempt off 1.2233, fresh multi-year low, has so far been capped by 1.2420/40, and only break above here would allow stronger recovery towards 1.2514/35. Downside loss of 1.2233, however, will resume the downtrend and expose 1.2134, 50% retracement of 0.8225/1.6040 ascend.

Res: 1.2441, 1.2514, 1.2533, 1.2574
Sup: 1.2310, 1.2280, 1.2233, 1.2208

GBP/USD

Short-term structure continues to be negative, with fresh weakness expected, as 1.4512/09 capped the upside attempts for now. Coupled with yesterday's break under 1.4475, risk is seen for further losses towards the 2009 low at 1.3500. Regain of 1.4547 delays immediate bears.

Res: 1.4512, 1.4547, 1.4605, 1.4638
Sup: 1.4363, 1.4301, 1.4285, 1.4245

USD/JPY

Remains weak from the 93.50/64 double top area that ended the recovery leg off 87.96, yearly low, posted on 06 May. Loss of 91.50 will open way towards 90.83 first, possibly 90.00 on a break. Upside clearance of 93.14 would shift focus higher.

Res: 93.14, 93.64, 93.98, 94.50
Sup: 91.75, 91.64, 91.50, 90.83

USD/CHF

Breach of 1.1245 pivot extended gains to reach 1.1444 yesterday. Consolidation/correction is now underway, with 1.1244 expected to hold, ahead of fresh push higher, and above 1.1444 to target 1.1484, 76.4% retracement of 1.1966/0.9916 decline.

Res: 1.1377, 1.1401, 1.1444, 1.1484
Sup: 1.1295, 1.1258, 1.1244, 1.1150

 

[WindsorBrokers]

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

EUR/USD

Upside rejection of the corrective attempt off 1.2233 multi-year low has stalled at 1.2443 yesterday, ahead of fresh weakness. Bears broke through 1.2233 to attempt at 1.2134, 50% retracement of 0.8225/1.6040 upleg, with 1.2142 being reached so far. Below here to focus 1.2076/65, Apr 2006 lows, with 1.2280/1.2314 expected to cap corrective attempts.

Res: 1.2233, 1.2280, 1.2314, 1.2336
Sup: 1.2142, 1.2134, 1.2076, 1.2065

GBP/USD

Hourly structure present since 1.5052, 10 May high, continues to suggest scope for further weakness, potentially towards 1.3700, 12 Mar 2009 low. Upside, regain of 1.4517, 18 May high, is required to neutralize immediate bears.

Res: 1.4407, 1.4457, 1.4517, 1.4547
Sup: 1.4235, 1.4220, 1.4200, 1.4155

USD/JPY

Remains weak from the 93.50/64 double top area that ended the recovery leg off 87.96, yearly low, posted on 06 May. Dips under 91.75 so far tested 91.50, and opening way towards 90.83, possibly 90.00 on a break. Regain of a near-term pivot at 92.95 is now required to shift the focus higher.

Res: 92.42, 92.95, 93.14, 93.64
Sup: 91.50, 90.83, 90.57, 90.00

USD/CHF

Correction off 1.1444, 17 May high, reversed to 1.1266 before breaking the corrective channel. Upswing has breached 1.1444/84 resistances to focus 1.1605 next. Short-term, key 1.1780 trendline resistance is focused. 1.1444 now offers initial support.

Res: 1.1533, 1.1605, 1.1675, 1.1700
Sup: 1.1444, 1.1402, 1.1377, 1.1266

 

[WindsorBrokers]

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

EUR/USD

Hourly bullish divergence has produced a rebound off a fresh multi-year low at 1.2142, posted overnight. Gains broke through several resistance levels, currently attempting through 1.2327, 61.8% retracement of the latest 1.2443/1.2142 downleg. Sustained break here would trigger further recovery and expose 1.2443 next.

Res: 1.2443, 1.2465, 1.2507, 1.2576
Sup: 1.2142, 1.2134, 1.2076, 1.2065

GBP/USD

Hourly structure present since 1.5052, 10 May high, continues to suggest scope for further weakness, potentially towards 1.3700, 12 Mar 2009 low. Upside, regain of 1.4517, 18 May high, is required to neutralize immediate bears.

Res: 1.4407, 1.4457, 1.4517, 1.4547
Sup: 1.4235, 1.4220, 1.4200, 1.4155

USD/JPY

Remains weak from the 93.50/64 double top area that ended the recovery leg off 87.96, yearly low, posted on 06 May. Dips under 91.75 now focusing 90.83, possibly 90.00 on a break. Regain of a near-term pivot at 92.95 is now required to shift the focus higher.

Res: 92.42, 92.95, 93.14, 93.64
Sup: 91.05, 90.83, 90.57, 90.00

USD/CHF

Correction off 1.1444, 17 May high, reversed to 1.1266 before breaking the corrective channel. Upswing has breached 1.1444/84 resistances to focus 1.1605 next. Short-term, key 1.1780 trendline resistance is focused. 1.1266 now stands as a key support.

Res: 1.1533, 1.1605, 1.1675, 1.1700
Sup: 1.1417, 1.1402, 1.1377, 1.1266

 

[WindsorBrokers]

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

EUR/USD

Extended decline to reach fresh multi-year low of 1.2142 yesterday, just ahead of key 1.2134 level, 50% retracement of 0.8225/1.6039 ascend. A correction has followed and 1.2443 possibly caps this phase for a fresh weakness towards 1.2134, where an eventual break is favored. Clearance of 1.2443 opens 1.2514/34 instead.

Res: 1.2443, 1.2465, 1.2514, 1.2534
Sup: 1.2319, 1.2256, 1.2228, 1.2142

GBP/USD

Undergoes short-term consolidation just above 1.4235, yearly low. While 1.4273 holds, return towards 1.4517/47 area is not ruled out, however, medium-term bias remains firmly to the downside following a push through key 1.4475 support on 17 May.

Res: 1.4465, 1.4497, 1.4517, 1.4547
Sup: 1.4304, 1.4274, 1.4235, 1.4200

USD/JPY

Continues to trend lower off 93.50/64 double top area that ended the recovery leg off 87.96, yearly low, posted on 06 May. Market touched 90.83 support today, with break here to expose 90.00 next. Upside, 91.86/92.24 zone offers initial resistance, and break here is required to improve.

Res: 91.86, 92.25, 92.43, 92.95
Sup: 90.83, 90.57, 90.00, 89.70

USD/CHF

Maintains positive tone as the market climbs toward a long-term falling trendline at 1.1785. Lower spike rejection yesterday at 1.1417 confirms trend. Initial target now stands at 1.1675, while 1.1449 provides immediate support.

Res: 1.1584, 1.1605, 1.1675, 1.1700
Sup: 1.1449, 1.1417, 1.1402, 1.1377

 

[WindsorBrokers]

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

EUR/USD

Extended decline to reach fresh multi-year low of 1.2142 yesterday, just ahead of key 1.2134 level, 50% retracement of 0.8225/1.6039 ascend. A correction has followed and 1.2443 possibly caps this phase for a fresh weakness towards 1.2134, where an eventual break is favored. Clearance of 1.2443 opens 1.2514/34 instead.

Res: 1.2443, 1.2465, 1.2514, 1.2534
Sup: 1.2306, 1.2256, 1.2228, 1.2142

GBP/USD

Consolidation above 1.4235 and possible attempt at 1.4517/47 have failed at 1.4465, with loss of 1.4273 support now returning focus to the downside. 1.4235 offers initial support, and break there to extend medium-term weakness towards 1.4109, 30 Mar 2009 low. Regain of 1.4465 would delay immediate bears, while break above 1.4547 needed to improve.

Res: 1.4465, 1.4497, 1.4517, 1.4547
Sup: 1.4235, 1.4200, 1.4155, 1.4109

USD/JPY

Continues to trend lower off 93.50/64 double top area that ended the recovery leg off 87.96, yearly low, posted on 06 May. Today’s break through a series of supports now attempting through 89.70, with scope seen for final push towards 87.96, 06 May spike low. Only regain 91.86/92.25 delays.

Res: 91.86, 92.25, 92.43, 92.95
Sup: 88.85, 87.96, 87.75, 87.36

USD/CHF

Maintains positive tone as the market climbs toward a long-term falling trendline at 1.1785. Lower spike rejection yesterday at 1.1417 confirms trend. Initial target now stands at 1.1675, while 1.1449 provides immediate support.

Res: 1.1584, 1.1605, 1.1675, 1.1700
Sup: 1.1449, 1.1417, 1.1402, 1.1377