Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD
The risk on mode, established last Friday, continues to drive the bloc currency higher, on a bounce from 1.2160 zone double bottom. As important 1.2300 barrier has been cracked, though the price unable to hold gains due to overbought hourly conditions, corrective pullback is expected to precede fresh push higher. Initial support at 1.2270/60 zone, should ideally contain reversal, however, further easing towards 1.2240 area, 50% / 55 day EMA, is not ruled out. Indicators on 4h chart are attempting above the midlines and keep the upside in focus, but break above 1.2300 barrier, also 55 day EMA that turns sideways, is required to confirm and open way towards 1.2335, 10 July high and 1.2366, 05 July low / Fib 38.2% of 1.2691/1.2161 descend, to confirm near-term double bottom and trigger stronger recovery. The pair awaits ZEW releases from EU and Germany that are due later today and Bernanke’s testimony, key event of the day.

Res: 1.2300, 1.2311, 1.2335, 1.2366
Sup: 1.2270, 1.2260, 1.2243, 1.2226

GBP/USD
Extends its three-day strong rally off 1.5400 base, as clearance of important 1.5600 barrier accelerated gains through 1.5630, Fib 61.8% of 1.5776/1.5392 downleg, to briefly break above bear-trendline at 1.5655 and hit 1.5677 so far. Hourly studies are toppish, with RSI emerging of overbought zone, as the price moves lower on corrective pullback. Dips should not exceed 1.5600 handle, where yesterday’s intraday high, Fib 38.2% of 1.5521/1.5677 upleg and 55 day EMA lie, for fresh push higher and test of another significant hurdles at 1.5700/21.

Res: 1.5677, 1.5700, 1.5721, 1.5776
Sup: 1.5620, 1.5600, 1.5592, 1.5576

USD/JPY
The pair’s clear break below key 79.00 support zone, confirms negative short-term structure, as initial support at 78.80 has been taken out and losses approached the next significant level at 78.60. Bounce higher is seen corrective, as initial barrier at 79.00, previous support, reinforced by descending 55 day EMA, caps for now. Hourly studies, despite some movements higher, hold in the negative territory, with more negative tone seen on 4h chart. Downside extension through 78.60 would open way towards 78.00 initially, with test of key short-term support at 77.65, seen on a break. Only regain of 79.30/50 zone, would put bears on hold.

Res: 79.00, 79.12, 79.28, 79.38
Sup: 78.80, 78.67, 78.60, 78.00

USD/CHF
The pair remains in a near-term negative mode, extending reversal off 0.9871, 13 July high and approaching important support at 0.9740. Dips were contained at 0.9755, 55 day EMA, as the price undergoes the fourth, corrective wave that should ideally been capped under 0.9800, with the fifth-one expected to stretch towards 0.9700 zone, Fib 38.2% of 0.9461/0.9871 upleg, before bulls reassert. Larger picture’s uptrend, however, remains intact and keeps focus at the upside.

Res: 0.9785, 0.9800, 0.9832, 0.9862
Sup: 0.9765, 0.9736, 0.9714, 0.9700

 

[WindsorBrokers]

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

EUR/USD
The single currency regained some ground after yesterday’s sharp fall, close to the near-term base at 1.2160 zone, where support was found. As Bernanke’s speech offered rather gloomy view about further easing but gave hints of possible action of Fed that boosted the Euro again, to regain 1.2300 zone. Hourly structure remains fragile while below trendline resistance / 55 day EMA at 1.2300 and yesterday’s high at 1.2315, with clear break here required to resume short-term recovery and open 1.2335 and 1.2366, Fib 38.2% of 1.2691/1.2161, above which to confirm near-term base. Upside failure, however, would keep risk of fresh dips, with 1.2200 zone now offering good support and expected to contain.

Res: 1.2300, 1.2315, 1.2335, 1.2366
Sup: 1.2266, 1.2245, 1.2228, 1.2200

GBP/USD
The near-term structure remains positive, as the pair recovered quickly from yesterday’s fall to 1.5550 zone, where footstep has been found. Holding above 1.5600 handle keeps the immediate focus higher, with clearance of 1.5677, yesterday’s peak, to open 1.5700 and 1.5721 as initial targets. On the downside, violation of 1.5600, would confirm hourly failure swing and open way for further easing. Loss of 1.5550/00 will be bearish.

Res: 1.5667, 1.5677, 1.5700, 1.5721
Sup: 1.5631, 1.5608, 1.5592, 1.5576

USD/JPY

Yesterday’s rally through 79.00 did not show much of recovery, as gains were capped at initial barrier at 79.15, ahead of 79.30, 55 day EMA and 79.50 breakpoint. Weakening hourly studies and indicators on 4h chart holding in the negative territory, along with loss of bullish momentum, keep the upside protected with further easing seen likely, as the pair attempts below 79.00 mark. Immediate downside targets lie at 78.67/60, as violation of the latter would trigger fresh weakness and expose 78.00.

Res: 79.16, 79.38, 79.38, 79.50
Sup: 78.80, 78.67, 78.60, 78.00

USD/CHF
Came under pressure again after yesterday’s spike higher was short-lived and stalled short of 0.9861 barrier, with near-term price action returning to initial support zone of near-term descend from 0.9871 at 0.9750, where 55 day EMA contains for now. Weak hourly studies and 4h indicators breaking below the midlines, see potential for further retracement of 0.9461/0.9871 rally, with break below 0.9750 to expose 0.9714, Fib 38.2% and 0.9700, round figure support next.

Res: 0.9785, 0.9800, 0.9851, 0.9861
Sup: 0.9750, 0.9714, 0.9700, 0.9677

 

[WindsorBrokers]

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

EUR/USD
Repeated failure at strong 1.2300 barrier resulted in fresh fall that dipped so far to 1.2215, near Fib 61.8% of 1.2161/1.2315 and just above key downside level and trendline support at 1.2200 that was initially seen containing dips. However, negative hourly studies and indicators on 4h chart pointing lower, with price action moving below 20/55 EMA, seeing potential for further weakness. Loss of 1.2200 to open 1.2188/74, ahead of key ones at 1.2161/50, loss of which to resume longer-term downtrend. At the upside, today’s intraday low and 20/55 day EMA’s crossover at 1.2265, offer strong barrier, ahead of key 1.2300/15 zone.

Res: 1.2245, 1.2265, 1.2300, 1.2315
Sup: 1.2215, 1.2200, 1.2188, 1.2174

GBP/USD
Today’s upside rejection under key near-term barrier at 1.5677 has triggered fresh slide that cracked our initial support at 1.5600, dipping to 1.5580 so far. However, holding above 1.5550, yesterday’s higher low, keeps short-term uptrend intact for possible fresh attempt higher but still weak hourly studies and price holding below descending 20 day EMA at 1.5630 zone, sees risk of further easing. Upside break above 1.5630 is required to improve near-term structure and re-focus 1.5667/77 highs, otherwise, risk of losing 1.5550 and extension towards psychological 1.5500, also Fib 61.8% of 1.5392/1.5677 upleg, would be the likely scenario.

Res: 1.5613, 1.5630, 1.5650, 1.5667
Sup: 1.5580, 1.5550, 1.5539, 1.5500

USD/CHF
Bounce of 0.9758, today’s low key near-term support zone, averts immediate downside risk, as the pair surges above 0.9800 barrier. Improved hourly studies are supportive for possible attack at key upside points at 0.9850/70 zone, as 61.8% of 0.9871/0.9750 downleg has been retraced so far. However, still weak conditions on 4h chart do not rule out upside rejection and fresh slide towards 0.9750 base, where 55 day EMA keeps the downside protected for now. Break here to open fresh phase lower and expose to expose 0.9714, Fib 38.2% and 0.9700, round figure support next.

Res: 0.9851, 0.9861, 0.9871, 0.9900
Sup: 0.9800, 0.9768, 0.9758, 0.9750

AUD/USD
The pair’s short-term price action off 1.0100, 12 July low, has fully retraced 05/12 July 1.0326/1.0100 corrective downleg. Consolidation phase on extended short-term conditions is now under way, with yesterday’s break and close above 200 day MA, being supportive for further extension higher, however, clear break above 1.0326, required to confirm and open 1.0368, Fib 61.8% of 1.0855/0.9579, broader downtrend. Immediate support lies at 1.0280 zone, consolidation floor / 55 day EMA, while only loss of 1.0250/40 zone, 16 July high / 17 July low / Fib 38.32%, would soften near-term tone.

Res : 1.0315, 1.0326, 1.0368, 1.0400
Sup : 1.0287, 1.2075, 1.0250, 1.0234

 

[WindsorBrokers]

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

EUR/USD
Repeated failure at strong 1.2300 barrier resulted in fresh fall that dipped so far to 1.2215, near Fib 61.8% of 1.2161/1.2315 and just above key downside level and trendline support at 1.2200 that was initially seen containing dips. However, negative hourly studies and indicators on 4h chart pointing lower, with price action moving below 20/55 EMA, seeing potential for further weakness. Loss of 1.2200 to open 1.2188/74, ahead of key ones at 1.2161/50, loss of which to resume longer-term downtrend. At the upside, today’s intraday low and 20/55 day EMA’s crossover at 1.2265, offer strong barrier, ahead of key 1.2300/15 zone.

Res: 1.2245, 1.2265, 1.2300, 1.2315
Sup: 1.2215, 1.2200, 1.2188, 1.2174

GBP/USD
Today’s upside rejection under key near-term barrier at 1.5677 has triggered fresh slide that cracked our initial support at 1.5600, dipping to 1.5580 so far. However, holding above 1.5550, yesterday’s higher low, keeps short-term uptrend intact for possible fresh attempt higher but still weak hourly studies and price holding below descending 20 day EMA at 1.5630 zone, sees risk of further easing. Upside break above 1.5630 is required to improve near-term structure and re-focus 1.5667/77 highs, otherwise, risk of losing 1.5550 and extension towards psychological 1.5500, also Fib 61.8% of 1.5392/1.5677 upleg, would be the likely scenario.

Res: 1.5613, 1.5630, 1.5650, 1.5667
Sup: 1.5580, 1.5550, 1.5539, 1.5500

USD/CHF
Bounce of 0.9758, today’s low key near-term support zone, averts immediate downside risk, as the pair surges above 0.9800 barrier. Improved hourly studies are supportive for possible attack at key upside points at 0.9850/70 zone, as 61.8% of 0.9871/0.9750 downleg has been retraced so far. However, still weak conditions on 4h chart do not rule out upside rejection and fresh slide towards 0.9750 base, where 55 day EMA keeps the downside protected for now. Break here to open fresh phase lower and expose to expose 0.9714, Fib 38.2% and 0.9700, round figure support next.

Res: 0.9851, 0.9861, 0.9871, 0.9900
Sup: 0.9800, 0.9768, 0.9758, 0.9750

AUD/USD
The pair’s short-term price action off 1.0100, 12 July low, has fully retraced 05/12 July 1.0326/1.0100 corrective downleg. Consolidation phase on extended short-term conditions is now under way, with yesterday’s break and close above 200 day MA, being supportive for further extension higher, however, clear break above 1.0326, required to confirm and open 1.0368, Fib 61.8% of 1.0855/0.9579, broader downtrend. Immediate support lies at 1.0280 zone, consolidation floor / 55 day EMA, while only loss of 1.0250/40 zone, 16 July high / 17 July low / Fib 38.32%, would soften near-term tone.

Res : 1.0315, 1.0326, 1.0368, 1.0400
Sup : 1.0287, 1.2075, 1.0250, 1.0234

 

[WindsorBrokers]

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

EUR/USD
The Euro failed to clear strong 1.2300 barrier, also 55 day EMA that capped the past two day price action, after today’s rally through 1.2300/15 failed at 1.2322 and subsequent pullback brought the price back under 1.2300 handle. Fresh slide below 20 day EMA, dips to 1.2260, Fib 38.2% of 1.2161/1.2322 ascend so far. As hourly indicators turned lower and 1.2300 proved to be tough barrier, more focus is seen towards the downside. Next supports lie at 1.2241 and 1.2223, 50% / 61.8% retracement, with more significant 1.2215/00 zone, yesterday’s low / bull trendline / round figure support, loss of which would signal an end of short-term corrective phase. On the upside, regain of 1.2335 is required to bring bulls fully in play. Larger picture’s bearish outlook, however, remains intact, with downside targets at 1.2150 and extension towards 1.2000 being in a short-term outlook.

Res: 1.2300, 1.2315, 1.2322, 1.2335
Sup: 1.2260, 1.2241, 1.2223, 1.2215

GBP/USD
The near-term outlook remains positive, as the pair approached initial 1.5700 barrier, with gains being interrupted by dip to 1.5635, where 55 day EMA contained slide. Hourly studies remain supportive, as the price broke and close above 1.5776/1.5721 bear-trendline, however, toppish 4h conditions, with indicators in a sideways mode, see risk of possible further easing, as the pair holds below strong 1.5700/50 resistance zone, where 200 day MA stands. Loss of initial support at 1.5600 would increase downside risk towards 1.5580 and 1.5550.

Res: 1.5677, 1.5693, 1.5700, 1.5721
Sup: 1.5645, 1.5635, 1.5600, 1.5580

USD/JPY
The pair remains at the back foot, as brief bounce through 79.00 barrier, also 200 day MA, failed at 79.15, with subsequent weakness, posting fresh 2 ½ month low at 78.45. This brings short-term bears back in play, as studies on lower timeframes hold in the negative territory. However, overextended hourly conditions, see potential for corrective action, with initial barrier at 78.67, previous low / 20 day EMA being tested so far, ahead of more significant 79.00 and 79.15 levels that are expected to cap for now.

Res: 78.67, 78.80, 79.00, 79.15
Sup: 78.45, 78.09, 78.00, 77.65

USD/CHF
Near-term basing attempt is seen at 0.9750, where 55 day EMA keeps the downside protected for now, despite today’s spike lower. Quick recovery and regain of levels close to 0.9800 handle, sees potential for further extension higher, however, clear break above here and regain of minimum 0.9828, yesterday’s high / Fib 61.8% of 0.9871/0.9745, is required, as near-term structure still holds negative elements. On the downside, the main risk is seen on a break below 0.9750 platform that would signal a resumption of short-term corrective pullback from 0.9871 and expose 0.9700 zone next.

Res: 0.9792, 0.9808, 0.9828, 0.9851,
Sup: 0.9766, 0.9745, 0.9714, 0.9700

 

[WindsorBrokers]

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

EUR/USD
The Euro failed to clear strong 1.2300 barrier, also 55 day EMA that capped the past two day price action, after today’s rally through 1.2300/15 failed at 1.2322 and subsequent pullback brought the price back under 1.2300 handle. Fresh slide below 20 day EMA, dips to 1.2260, Fib 38.2% of 1.2161/1.2322 ascend so far. As hourly indicators turned lower and 1.2300 proved to be tough barrier, more focus is seen towards the downside. Next supports lie at 1.2241 and 1.2223, 50% / 61.8% retracement, with more significant 1.2215/00 zone, yesterday’s low / bull trendline / round figure support, loss of which would signal an end of short-term corrective phase. On the upside, regain of 1.2335 is required to bring bulls fully in play. Larger picture’s bearish outlook, however, remains intact, with downside targets at 1.2150 and extension towards 1.2000 being in a short-term outlook.

Res: 1.2300, 1.2315, 1.2322, 1.2335
Sup: 1.2260, 1.2241, 1.2223, 1.2215

GBP/USD
The near-term outlook remains positive, as the pair approached initial 1.5700 barrier, with gains being interrupted by dip to 1.5635, where 55 day EMA contained slide. Hourly studies remain supportive, as the price broke and close above 1.5776/1.5721 bear-trendline, however, toppish 4h conditions, with indicators in a sideways mode, see risk of possible further easing, as the pair holds below strong 1.5700/50 resistance zone, where 200 day MA stands. Loss of initial support at 1.5600 would increase downside risk towards 1.5580 and 1.5550.

Res: 1.5677, 1.5693, 1.5700, 1.5721
Sup: 1.5645, 1.5635, 1.5600, 1.5580

USD/JPY
The pair remains at the back foot, as brief bounce through 79.00 barrier, also 200 day MA, failed at 79.15, with subsequent weakness, posting fresh 2 ½ month low at 78.45. This brings short-term bears back in play, as studies on lower timeframes hold in the negative territory. However, overextended hourly conditions, see potential for corrective action, with initial barrier at 78.67, previous low / 20 day EMA being tested so far, ahead of more significant 79.00 and 79.15 levels that are expected to cap for now.

Res: 78.67, 78.80, 79.00, 79.15
Sup: 78.45, 78.09, 78.00, 77.65

USD/CHF
Near-term basing attempt is seen at 0.9750, where 55 day EMA keeps the downside protected for now, despite today’s spike lower. Quick recovery and regain of levels close to 0.9800 handle, sees potential for further extension higher, however, clear break above here and regain of minimum 0.9828, yesterday’s high / Fib 61.8% of 0.9871/0.9745, is required, as near-term structure still holds negative elements. On the downside, the main risk is seen on a break below 0.9750 platform that would signal a resumption of short-term corrective pullback from 0.9871 and expose 0.9700 zone next.

Res: 0.9792, 0.9808, 0.9828, 0.9851,
Sup: 0.9766, 0.9745, 0.9714, 0.9700

 

[WindsorBrokers]

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

EUR/USD
The near-term sentiment turned negative, as the pair, driven mainly by fundamentals, dipped to 1.2228 yesterday. Brief recovery did not show much until now, as initial 1.2300 barrier stays intact and hourly price action below 20 day EMA, with indicators slightly below the midlines, still without clear direction. Yesterday’s low that coincides with bull trendline at 1.2225, along with 1.2200, offers key support and breakpoint, while 1.2300, as initial and more significant 1.2330 zone, is seen as trigger for further extension higher

Res: 1.2288, 1.2300, 1.2315, 1.2322
Sup: 1.2245, 1.2228, 1.2215, 1.2200

GBP/USD
Short-term bulls remain fully in play, as the pair breaks above 1.5700/21 barriers and posts fresh one-month high at 1.5736. Corrective pullback on overbought hourly conditions, faces immediate support at 1.5677, previous high, ahead of 1.5655, Fib 23.6% and 20 day EMA, while further easing should not exceed 1.5600 zone, where Fib 38.2% and ascending 55 day EMA lie, to keeps short-term bulls intact. However, toppish 4-hour studies see more risk of reversal, as the pair approaches key barriers at 1.5750, 200 day MA that limits the upside since end of May and 20 June high at 1.5776.

Res: 1.5736, 1.5750, 1.5776, 1.5800
Sup: 1.5677, 1.5655, 1.5630, 1.5600

USD/JPY
Near-term price action moves sideways, entrenched within a narrow range, following yesterday’s weakness that posted fresh low at 78.42. Bears remain fully in play, as indicators hold in the negative territory and upside seen so far limited by descending 20 day EMA at 78.80 and more significant 79.00 handle, reinforced by 55 day EMA and 200 das SMA. While the latter stay intact, downside pressure is expected to push the price towards initial 78.00 support and key short-term level at 77.65, 01 June low.

Res: 78.67, 78.79, 79.00, 79.15
Sup: 78.52, 78.42, 78.00, 77.65

USD/CHF
The greenback against Swiss Franc remains in a near-term choppy and sideways mode, with hourly studies holding neutral tone. The downside is seen well protected at 97.50 zone by 55 day EMA. Upside rally through 0.9800/30 breakpoint zone, also Fib 61.8% of 0.9871/0.9845 downleg, is expected to prevent the pair from further sliding and turn focus higher. However, risk of fresh attempt at 0.9750 higher platform is not ruled out in case of upside failure at 0.9800. Break lower to open way for further retracement and expose 0.9714, Fib 38.2% of 0.9461/0.9871 and 0.9700 round figure support, initially.

Res: 0.9804, 0.9828, 0.9851, 0.9862
Sup: 0.9771, 0.9745, 0.9714, 0.9700

 

[WindsorBrokers]

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

EUR/USD
The pair continues to move lower after losing key handles at 1.2200, psychological support and 1.2150, June 2010 low. As risk off mode comes fully in play, with mounting fears about Eurozone crisis, the single currency has open way towards our next target and psychological support at 1.2000. Overnight’s gap lower opening and loss of 1.2100 support at the beginning of European session, keep the focus at the downside, as near-term indicators are pointing lower and hold in the negative territory. Immediate support lies at 1.2050 zone, 2006 lows, ahead of 1.2000. At the upside, figure resistance at 1.2100 and overnight’s high at 1.2123, offer initial resistance, ahead of 1.2150/80 area. Only regain of 1.2200 barrier would provide temporary relief. Overextended hourly conditions, however, did not yet materialize in any corrective action signal.

Res: 1.2100, 1.2123, 1.2150, 1.2180
Sup: 1.2084, 1.2050, 1.2040, 1.2000

GBP/USD
Cable fell sharply after failing to regain key short term barrier and 200 day MA at 1.5750. Loss of important 1.5600 support open way for further weakness, as the pair tests another significant level at 1.5550, 50% retracement of 1.5392/1.5736 ascend, to expose 1.5523, Fib 61.8% and psychological 1.5500 support. Firm bearish tone keeps bears favored, however, hourly indicators are deeply in oversold zone, but no reversal signal seen so far. Previous supports at 1.5580/1.5600 zone, now act as initial resistances.

Res: 1.5581, 1.5600, 1.5624, 1.5680
Sup: 1.5547, 1.5523, 1.5516, 1.5500

USD/JPY
The pair continues its bearish run after losing important 79.00 support, reinforced by 200 day SMA, with brief consolidation seen at 78.50 area. Fresh weakness briefly broke below our 78.00 target, opening way towards the next target and key short-term support at 77.65, 01 June low. Firm bearish tone on lower and larger timeframes, keeps bears in play, however, extremely overextended hourly indicators, suggest that corrective bounce may precede retest of 77.65 and possible extension towards 77.30/00, next support zone.

Res: 78.20, 78.42, 78.68, 78.79
Sup: 77.93, 77.65, 77.36, 77.00

USD/CHF
Firm bullish tone continues to drive the pair higher after completing the short-term 0.9871/0.9745 corrective phase. Lift above 0.9871 and 0.9900, now tests our next target at 0.9950, Fib 61.8% of 1.1730/0.7067, with parity level and 200 day SMA at 1.0046, seen next. Near-term overbought conditions may see a brief pause in current rally, with immediate supports at 0.9900/0.9870 zone. Key short-term support lies at 0.9745, 19 July higher low and Fibonacci support.

Res: 0.9935, 0.9950, 1.0000, 1.0046
Sup: 0.9900, 0.9871, 0.9851, 0.9800

 

[WindsorBrokers]

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

EUR/USD
Comes under pressure again in early hours of Europe, as corrective/consolidative action off yesterday’s fresh low at 1.2067 failed to cover the gap, staying capped at 1.2140 zone. As hourly indicators started to point lower and price moves below 20 day EMA, immediate risk is seen on a break below 1.2100 that would open 1.2067 for retest, with possible continuation of bear-trend to test our target at 1.2000. Recovery above 1.2150/80 zone, however, would signal stronger correction, with 1.2200, 50% of 1.2322/1.2067 and 1.2228, 19 July low, to come in focus.

Res: 1.2143, 1.2155, 1.2180, 1.2200
Sup: 1.2100, 1.2067, 1.2050, 1.2040

GBP/USD
The pair undergoes near-term corrective/consolidative action, following two day slide that briefly broke below 1.5500, psychological support, yesterday. Not much upside action has been shown so far, as short-term structure maintains bearish tone and descending 20 day EMA limits the upside at 1.5530 zone. Regain of minimum 1.5550/80 is required to avert immediate downside risk that sees scope for test of 1.5460, 06 July a low and 1.5420, trendline support, ahead of more significant 1.5400 zone.

Res: 1.5534, 1.5552, 1.5580, 1.5600
Sup: 1.5500, 1.5484, 1.5460, 1.5420

USD/JPY
USD/JPY regained some ground off fresh low at 77.93, posted yesterday, but gains were so far capped by descending 55 day EMA at 78.45, well below 78.80 and more significant 79.00 barrier, reinforced by 200 day SMA. Holding above 78.00 handle, would signal further range-trade, however, negative tone that dominates on lower timeframes, keeps focus at the downside, with 77.65 seen as short-term target.

Res: 78.33, 78.45, 78.79, 79.00
Sup: 78.15, 78.00, 77.93, 77.65

USD/CHF
Near-term consolidation off yesterday’s high at 0.9950, Fib 61.8% of larger 1.1730/0.7067 descend, holds at 0.9900 zone, initial support, with hourly studies being in positive /neutral mode, as lack of momentum, keeps the near-term price action under 0.9950. Overall bullish tone keeps the upside favored, with clearance of 0.9950 to open parity level next. However, further reversal under 0.9875, last week’s close / 13 July previous high and Fib 38.2% of 0.9745/0.9950 upleg, would signal stronger correction.

Res: 0.9922, 0.9950, 1.0000, 1.0046
Sup: 0.9887, 0.9875, 0.9851, 0.9823

 

[WindsorBrokers]

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

EUR/USD
Comes under pressure again in early hours of Europe, as corrective/consolidative action off yesterday’s fresh low at 1.2067 failed to cover the gap, staying capped at 1.2140 zone. As hourly indicators started to point lower and price moves below 20 day EMA, immediate risk is seen on a break below 1.2100 that would open 1.2067 for retest, with possible continuation of bear-trend to test our target at 1.2000. Recovery above 1.2150/80 zone, however, would signal stronger correction, with 1.2200, 50% of 1.2322/1.2067 and 1.2228, 19 July low, to come in focus.

Res: 1.2143, 1.2155, 1.2180, 1.2200
Sup: 1.2100, 1.2067, 1.2050, 1.2040

GBP/USD
The pair undergoes near-term corrective/consolidative action, following two day slide that briefly broke below 1.5500, psychological support, yesterday. Not much upside action has been shown so far, as short-term structure maintains bearish tone and descending 20 day EMA limits the upside at 1.5530 zone. Regain of minimum 1.5550/80 is required to avert immediate downside risk that sees scope for test of 1.5460, 06 July a low and 1.5420, trendline support, ahead of more significant 1.5400 zone.

Res: 1.5534, 1.5552, 1.5580, 1.5600
Sup: 1.5500, 1.5484, 1.5460, 1.5420

USD/JPY
USD/JPY regained some ground off fresh low at 77.93, posted yesterday, but gains were so far capped by descending 55 day EMA at 78.45, well below 78.80 and more significant 79.00 barrier, reinforced by 200 day SMA. Holding above 78.00 handle, would signal further range-trade, however, negative tone that dominates on lower timeframes, keeps focus at the downside, with 77.65 seen as short-term target.

Res: 78.33, 78.45, 78.79, 79.00
Sup: 78.15, 78.00, 77.93, 77.65

USD/CHF
Near-term consolidation off yesterday’s high at 0.9950, Fib 61.8% of larger 1.1730/0.7067 descend, holds at 0.9900 zone, initial support, with hourly studies being in positive /neutral mode, as lack of momentum, keeps the near-term price action under 0.9950. Overall bullish tone keeps the upside favored, with clearance of 0.9950 to open parity level next. However, further reversal under 0.9875, last week’s close / 13 July previous high and Fib 38.2% of 0.9745/0.9950 upleg, would signal stronger correction.

Res: 0.9922, 0.9950, 1.0000, 1.0046
Sup: 0.9887, 0.9875, 0.9851, 0.9823

 

[WindsorBrokers]

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

EUR/USD
Negative sentiment continues to push the price towards our target and psychological support at 1.2000, with fresh low at 1.2042, seen so far. Yesterday’s close below 1.2100 and indicators below their midlines, keep the downside favored. However, bullish divergence, forming on hourly chart, may signal corrective action before attempting at 1.2000, with 1.2100/40 zone offering initial resistance, ahead of more important 1.2200 zone, break of which is required to provide relief.

Res: 1.2077, 1.2100, 1.2143, 1.2155
Sup: 1.2052, 1.2042, 1.2020, 1.2000

GBP/USD
Near-term price action moves sideways, with hourly studies in a neutral/negative mode. The upper side of range is seen well protected by descending 55 day EMA, as the pair approaches the lower boundary and near-term base at 1.5485, loss of which to open 1.5460, 06 July low and 1.5420, bull trendline off 1.5267, ahead of important 1.5400 zone, 08 June / 12 July lows. Any stronger bounce needs to clear minimum 1.5600 to ease current bear pressure.

Res: 1.5516, 1.5534, 1.5552, 1.5580
Sup: 1.5485, 1.5460, 1.5420, 1.5400

USD/JPY
The pair maintains near-term sideways mode, with bias aligned towards the downside, as corrective bounce from 77.93 faced strong barrier at 78.45, where 55 day EMA limited gains. However, holding above 78.00 handle, keeps the downside protected for now, but negative tone on lower timeframes keeps initial target at 77.65 in near-term focus. At the upside, 78.45 acts as initial barrier, ahead of strong 78.80/79.00 zone, daily Ichimoku cloud base / 200 day SMA.

Res: 78.23, 78.33, 78.45, 78.79
Sup: 78.06, 78.00, 77.93, 77.65

USD/CHF
The pair resumes its strong rally towards the parity level, after brief consolidation was contained at 0.9900, initial support zone. Clearance of 0.9950 has so far seen 0.9970, however, hourly MACD bearish divergence and 4-hour studies in overbought territory, may signal further hesitation ahead of very important barriers at 1.0000 and 1.0046, 200 day SMA. Any reversal under 0.9900, would signal stronger correction and expose 0.9850/00 next.

Res: 0.9950, 0.9970, 1.0000, 1.0046
Sup: 0.9900, 0.9887, 0.9875, 0.9851

 

[WindsorBrokers]

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

EUR/USD
Negative sentiment continues to push the price towards our target and psychological support at 1.2000, with fresh low at 1.2042, seen so far. Yesterday’s close below 1.2100 and indicators below their midlines, keep the downside favored. However, bullish divergence, forming on hourly chart, may signal corrective action before attempting at 1.2000, with 1.2100/40 zone offering initial resistance, ahead of more important 1.2200 zone, break of which is required to provide relief.

Res: 1.2077, 1.2100, 1.2143, 1.2155
Sup: 1.2052, 1.2042, 1.2020, 1.2000

GBP/USD
Near-term price action moves sideways, with hourly studies in a neutral/negative mode. The upper side of range is seen well protected by descending 55 day EMA, as the pair approaches the lower boundary and near-term base at 1.5485, loss of which to open 1.5460, 06 July low and 1.5420, bull trendline off 1.5267, ahead of important 1.5400 zone, 08 June / 12 July lows. Any stronger bounce needs to clear minimum 1.5600 to ease current bear pressure.

Res: 1.5516, 1.5534, 1.5552, 1.5580
Sup: 1.5485, 1.5460, 1.5420, 1.5400

USD/JPY
The pair maintains near-term sideways mode, with bias aligned towards the downside, as corrective bounce from 77.93 faced strong barrier at 78.45, where 55 day EMA limited gains. However, holding above 78.00 handle, keeps the downside protected for now, but negative tone on lower timeframes keeps initial target at 77.65 in near-term focus. At the upside, 78.45 acts as initial barrier, ahead of strong 78.80/79.00 zone, daily Ichimoku cloud base / 200 day SMA.

Res: 78.23, 78.33, 78.45, 78.79
Sup: 78.06, 78.00, 77.93, 77.65

USD/CHF
The pair resumes its strong rally towards the parity level, after brief consolidation was contained at 0.9900, initial support zone. Clearance of 0.9950 has so far seen 0.9970, however, hourly MACD bearish divergence and 4-hour studies in overbought territory, may signal further hesitation ahead of very important barriers at 1.0000 and 1.0046, 200 day SMA. Any reversal under 0.9900, would signal stronger correction and expose 0.9850/00 next.

Res: 0.9950, 0.9970, 1.0000, 1.0046
Sup: 0.9900, 0.9887, 0.9875, 0.9851

 

[WindsorBrokers]

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

EUR/USD
Consolidates the latest rally, moving within 1.2113/68 range, with positive tone on hourly chart, seeing potential for further retracement. Break above important 1.2200 barrier, 55 day EMA and Fib 23.6% of 1.2691/1.2042 descend, to confirm near-term base and expose 1.550, Fib 38.2% and key short-term resistances at 1.2300/20 on a break. Only return below 1.2100 would be bearish.

Res: 1.2155, 1.2168, 1.2180, 1.2200
Sup: 1.2127, 1.2123, 1.2100, 1.2052

GBP/USD
Negative tone continues to dominate in the short-term outlook, as the pair continues to post fresh losses, with initial target at 1.5460 being cracked. Trendline support at 1.5430 is seen next, ahead of key 1.5400 platform, loss of which to signal breakout 5-week range and open fresh bear phase, with long-term trendline at 1.5370, seen ahead of yearly low at 1.5267. Barriers at 1.5500/50 are seen capping the upside for now, while only break above 1.5600 would provide relief.

Res: 1.5500, 1.5518, 1.5552, 1.5580
Sup: 1.5457, 1.5430, 1.5400, 1.5392

USD/JPY
Near-term sideways movement continue, with price action moving within narrow range, with 78.00 handle still intact. With neutral hourly and 4h studies aligned lower, the downside remains vulnerable, as loss of 78.00 will open way towards key short-term support at 77.65. On the upside, previous support and 200 day MA at 79.00, offer key barrier and breakpoint, above which to sideline short-term bears.

Res: 78.27, 78.45, 78.79, 79.00
Sup: 78.00, 77.93, 77.65, 77.50

USD/CHF
The pair moves sideways, after pullback from 0.9970 found footstep at strong support at 0.9860/70 zone, previous peak and near 50% of 0.9745/0.9970 ascend. Negative tone on near-term studies sees the downside favored for now, with loss of 0.9860 to allow for stronger reversal and expose 0.9716, Fib 61.8% and figure support at 0.9700. Daily studies, emerging from overbought zone and losing momentum, are supportive for further retracement that would keep upside targets at 0.9970 and 1.0000 on hold.

Res: 0.9900, 0.9920, 0.9950, 0.9970
Sup: 0.9866, 0.9830, 0.9800, 0.9770

 

[WindsorBrokers]

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

EUR/USD
Consolidates the latest rally, moving within 1.2113/68 range, with positive tone on hourly chart, seeing potential for further retracement. Break above important 1.2200 barrier, 55 day EMA and Fib 23.6% of 1.2691/1.2042 descend, to confirm near-term base and expose 1.550, Fib 38.2% and key short-term resistances at 1.2300/20 on a break. Only return below 1.2100 would be bearish.

Res: 1.2155, 1.2168, 1.2180, 1.2200
Sup: 1.2127, 1.2123, 1.2100, 1.2052

GBP/USD
Negative tone continues to dominate in the short-term outlook, as the pair continues to post fresh losses, with initial target at 1.5460 being cracked. Trendline support at 1.5430 is seen next, ahead of key 1.5400 platform, loss of which to signal breakout 5-week range and open fresh bear phase, with long-term trendline at 1.5370, seen ahead of yearly low at 1.5267. Barriers at 1.5500/50 are seen capping the upside for now, while only break above 1.5600 would provide relief.

Res: 1.5500, 1.5518, 1.5552, 1.5580
Sup: 1.5457, 1.5430, 1.5400, 1.5392

USD/JPY
Near-term sideways movement continue, with price action moving within narrow range, with 78.00 handle still intact. With neutral hourly and 4h studies aligned lower, the downside remains vulnerable, as loss of 78.00 will open way towards key short-term support at 77.65. On the upside, previous support and 200 day MA at 79.00, offer key barrier and breakpoint, above which to sideline short-term bears.

Res: 78.27, 78.45, 78.79, 79.00
Sup: 78.00, 77.93, 77.65, 77.50

USD/CHF
The pair moves sideways, after pullback from 0.9970 found footstep at strong support at 0.9860/70 zone, previous peak and near 50% of 0.9745/0.9970 ascend. Negative tone on near-term studies sees the downside favored for now, with loss of 0.9860 to allow for stronger reversal and expose 0.9716, Fib 61.8% and figure support at 0.9700. Daily studies, emerging from overbought zone and losing momentum, are supportive for further retracement that would keep upside targets at 0.9970 and 1.0000 on hold.

Res: 0.9900, 0.9920, 0.9950, 0.9970
Sup: 0.9866, 0.9830, 0.9800, 0.9770

 

[WindsorBrokers]

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

EUR/USD
Optimistic comments of ECB’s President Draghi that ECB would do anything to preserve the single currency pushed the pair sharply higher. Strong rally through 1.2200 barrier, boosted by unexpectedly positive US data, accelerated gains through the lower boundary of 1.2300/30 breakpoint, with 1.2315 high seen so far. The pair seems to running out of steam, as overextended conditions on hourly chart suggest corrective action. From the other side, improved conditions on 4-hour chart, where indicators moved into positive territory, see potential for further retracement. Any stronger reversal should ideally been contained at /above 1.2200 zone, previous resistance, near Fib 38.2% of 1.2042/1.2315 and 55 day EMA, to maintain near-term bullish structure. At the upside, clear break above 1.2320/30, key short-term barrier, to open 50% retracement at 1.2367 and 1.2400, 06 July high / round figure resistance.

Res: 1.2300, 1.2315, 1.2333, 1.2367
Sup: 1.2250, 1.2211, 1.2200, 1.2178

GBP/USD
Cable has emerged from the dangerous zone, avoiding risk of retesting 1.5400 breakpoint, as strong rally, accelerated by further weakness of the greenback, nearly fully retraced short-term 1.5736/1.5457 downleg. Improvement in the short-term outlook, as indicators broke above midlines, turns focus higher, as important 1.5700 barrier has been dented, with attack at initial 1.5736 barrier and breakpoint at 1.5750/76, 200 day SMA / short-term range top, seen as likely scenario. Bulls may be delayed by corrective pullback on overbought hourly conditions, with dips expected to find ground above 1.5600 handle and keep near-term bulls in play.

Res: 1.5712, 1.5736, 1.5750, 1.5776
Sup: 1.5650, 1.5635, 1.5615, 1.5600

USD/CHF
The pair lost ground after fresh weakness slid below 0.9870/60 breakpoint, accelerating losses through psychological 0.9800 support, to nearly fully retrace one-week 0.9745/0.9970 rally. As the short-term studies turned negative, immediate risk is seen at 0.9745 higher platform, loss of which would significantly weaken short-term structure and sideline bulls in favor stronger correction. Hourly conditions, despite being extremely oversold, haven’t generated any reversal signal yet.

Res: 0.9780, 0.9800, 0.9866, 0.9877
Sup: 0.9750, 0.9745, 0.9716, 0.9700

AUD/USD
The Aussie extends its near-term strength, after near-term corrective pullback off 1.0443 peak, found support at 1.0175, near Fib 76.4% of 1.0099/1.0443 ascend. Strong rally through 200 day SMA and break above important barriers at 1.0300/26, has regained 1.0400 handle, to open way for retest of 1.0443 and possible continuation of uptrend from 0.9579, 01 June low. Overbought hourly conditions suggest corrective pullback may precede fresh rally, with dips to be contained at 1.0330 zone, while studies on 4h chart turned into positive territorry and see room for further stretch higher.

Res : 1.0414, 1.0443, 1.0473, 1.0500
Sup : 1.0366, 1.0336, 1.0326, 1.0300

 

[WindsorBrokers]

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

EUR/USD
The pair consolidates its yesterday’s strong rally, when return of risk appetite pushed the price higher, to test key short-term barrier at 1.2300/30. Mild correction during quiet overnight session has found ground at 1.2270, just above ascending hourly 20 day EMA, with fresh attempt higher underway. Positive but overextended hourly studies do not give any reversal yet, while more supportive 4h chart situation sees potential for further gains. Upper boundary of 1.2300/30 resistance band, reinforced by bear-trendline connecting 1.3282 and 1.2741 peaks, currently at 1.2338, offers strong resistance and break here required to open way for fresh stretch towards 1.2367, 50% of 1.2691/1.2042, ahead of round figure resistance at 1.2400. Failure to break higher, would risk stronger reversal and loss of 1.2270 platform, to expose 1.2200.

Res: 1.2328, 1.2333, 1.2367, 1.2400
Sup: 1.2270, 1.2250, 1.2220, 1.2200

GBP/USD
Yesterday’s strong rally from 1.5470 zone that prevented the pair from revisiting key support at 1.5400, regained levels above 1.5700 handle. Brief consolidation that followed, was contained at 1.5665, Fib 23.6% of 1.5469/1.5722, with focus at key barriers at 1.5750, 200 day MA and 1.5776, 20 June peak, break of which to signal break above one-month range and spark fresh rally towards 1.5800 zone. On the downside, below 1.5665, supports lie at 1.5625/00, with the latter being reinforced by ascending 55 day EMA and expected to contain any stronger pullback.

Res: 1.5722, 1.5736, 1.5750, 1.5776
Sup: 1.5665, 1.5650, 1.5625, 1.5600

USD/JPY
The pair remains in a sideways mode, with downside being supported at 78.00, with the latest attempt at the upper border of near-term range. Improving hourly conditions see potential for stronger corrective action, with break above 78.45, required to open key near-term barrier at 79.00, 50% OF 80.09/77.93, also 200 day SMA. Larger picture’s negative outlook, however, does not see much of the upside action, as long as another key barrier at 80.00 stays intact. On the downside, loss of 78.00 to turn focus lower and expose 77.65 next.

Res: 78.45, 78.79, 79.00, 79.15
Sup: 78.15, 78.00, 77.93, 77.65

USD/CHF
Reversal off 0.9970, 24 July fresh high, accelerated losses below 0.9870/60 breakpoint, sliding to the next strong support at 0.9745 higher platform and putting short-term bulls on hold. Immediate risk is seen on a break here to open way for further retracement and expose 0.9716, Fib 61.8% of 0.9461/0.9970 ascend and figure support at 0.9700. However, overextended hourly conditions do not rule out corrective bounce, with 0.9900 zone seen capping for now and only break here to bring bulls fully in play and re-focus 0.9970/1.0000.

Res: 0.9790, 0.9800, 0.9827, 0.9855
Sup: 0.9740, 0.9716, 0.9700, 0.9655

 

[WindsorBrokers]

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

EUR/USD
Near-term price action remains congested under strong 1.2330 resistance zone, as renewed attempt higher failed to clear 1.2333, 10 July / today’s high / med-term bear-trendline off 1.3282. Descending hourly studies and bearish divergence appearing on hourly chart, see risk of upside rejection an stronger retracement of 1.2042/1.2332 rally, with loss of today’s low at 1.2239 and more significant 1.2220/00, Fib 38.2% / 55 day EMA, to signal near-term double- top. However, holding above 1.2270 zone, would keep focus higher, with clear break above 1.2333 required to resume short-term rally towards 1.2400 zone.

Res: 1.2333, 1.2367, 1.2400, 1.2406
Sup: 1.2270, 1.2239, 1.2220, 1.2200

GBP/USD
Fresh strength off 1.5665, overnight’s higher platform, where the price found footstep, cleared the previous high at 1.5722, to approach key barrier and short-term range top, reinforced by 200 day SMA at 1.5750. As this zone offers tough resistance, with short-term studies at extreme points and 4h stochastic already pointing lower, further hesitation under 1.5750 is not ruled out. Initial support lies at 1.5665, day’s low / Fib 23.6%, ahead of more important Fib 38.2% at 1.5625 and 1.5600, loss of which would put near-term bulls on hold. Lift above 1.5750, however, to signal break above one-month range top and spark fresh bull leg towards 1.5800.

Res: 1.5745, 1.5750, 1.5776, 1.5804
Sup: 1.5696, 1.5665, 1.5625, 1.5600

USD/JPY
The pair remains in a sideways mode, with downside being supported at 78.00, with the latest attempt at the upper border of near-term range. Improving hourly conditions see potential for stronger corrective action, with break above 78.45, required to open key near-term barrier at 79.00, 50% OF 80.09/77.93, also 200 day SMA. Larger picture’s negative outlook, however, does not see much of the upside action, as long as another key barrier at 80.00 stays intact. On the downside, loss of 78.00 to turn focus lower and expose 77.65 next.

Res: 78.45, 78.79, 79.00, 79.15
Sup: 78.15, 78.00, 77.93, 77.65

USD/CHF
Continuation of bearish run from 0.9970, recent peak, is likely, as brief corrective attempt from 0.9740, yesterday’s low, failed at initial barrier at 0.9800 and fresh weakness cracked 0.9740 support. Negative 1 and 4h charts studies keep the downside favored, with break lower to focus 50% retracement at 0.9716 and round figure support at 0.9700, as initial targets, while near-term barrier at 0.9800 and 20/55 day EMA’s crossover at 0.9830, keep the upside protected for now.

Res: 0.9806, 0.9830, 0.9850, 0.9866
Sup: 0.9728, 0.9716, 0.9700, 0.9655

USD/CAD
Short-term bears remain fully in play, as the pair fully retraces near-term corrective bounce off 1.0064 that peaked at 1.0230. As the price tests 1.0064 base, with near-term studies in the negative territory, likely scenario would be a break lower and test of Fib 61.8% at 1.0045, ahead of possible extension to parity level. Immediate and strong resistance at 1.0100, near-term range top, reinforced by 200 day SMA is seen capping for now. However, break below 1.0064/50 breakpoint is required to resume bears.

Res: 1.0087, 1.0100, 1.0126, 1.0160
Sup: 1.0064, 1.0045, 1.0000, 0.9952

 

[WindsorBrokers]

EUR/USD
After a short rally following ECB’s comments, the single currency was rejected at 1.2390 50% Fibo retracement of 1.2747/1.2042 down leg, ahead of good resistance at 1.2410/30 zone / 28 Jun Low, while the effect of the said comments are starting to fade, the pair started a 100 pips pullback ahead of 1.2280 support. Near term studies are showing a potential correction while the pair stay’s below 1.2310. Support is spotted at 1.2280/70 and 1.2240 while resistance at 1.3225 and 1.2350 are in sight.

Res: 1.2310, 1.2325, 1.2350, 1.2390
Sup: 1.2280, 1.2270, 1.2240, 1.2170

GBP/USD
Consolidating below 1.5777, 20th Jun high, after a sharp rise from 1.5470 zone, have given the Cable the momentum to test the said highs, however ECB “What So Ever” comments may not offer support unless they put their words in act. Cable is currently testing the downside of 1.5700 ahead of 1.5665 27th Jul low, while a rise above 1.5725 maybe give a positive tone for a test of 1.5780 zone. A breake of 1.5665 might offer a negative move towards 1.5550 25th July high, a break there would open 1.5400 zone.

Res: 1.5725, 1.5740, 1.5755, 1.5777
Sup: 1.5700, 1.5665, 1.5620, 1.5590

USD/JPY
Friday’s spike was rejected at 78.67 ahead of 78.75 resistance zone of 16th July low, price action showing a potential pull back of the downtrend if the said resistance was broken ahead of 79.15 strong resistance. Only a break below 78.30 and 78.05 would offer a continuation of the downside risk. Only the loss of 78.05 will open the path towards 77.65, 1st of Jun key barrier.

Res: 78.55, 78.75, 78.90, 79.10
Sup: 78.30, 78.05, 77.95, 77.65

AUD/USD
Bounce off 1.0486, 27th July High, back to 1.0449 so far, a break above Friday’s barrier would open the path for more rise towards 1.0570 , 27th March high. Over bought conditions might offer a corrective action ahead of the rise while 1.0425 might offer first support ahead of 1.0400 zone. Studies are showing a mixed signals while the upside is favored.


Res: 1.0475, 1.0486, 1.0520, 1.0557
Sup: 1.0449, 1.0425, 1.0400, 1.0345

 

[WindsorBrokers]

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

EUR/USD
After a short rally following ECB’s comments, the single currency was rejected at 1.2390 50% Fibo retracement of 1.2747/1.2042 down leg, ahead of good resistance at 1.2410/30 zone / 28 Jun Low, while the effect of the said comments are starting to fade, the pair started a 100 pips pullback ahead of 1.2280 support. Near term studies are showing a potential correction while the pair stay’s below 1.2310. Support is spotted at 1.2280/70 and 1.2240 while resistance at 1.3225 and 1.2350 are in sight.

Res: 1.2310, 1.2325, 1.2350, 1.2390
Sup: 1.2280, 1.2270, 1.2240, 1.2170

GBP/USD
Consolidating below 1.5777, 20th Jun high, after a sharp rise from 1.5470 zone, have given the Cable the momentum to test the said highs, however ECB “What So Ever” comments may not offer support unless they put their words in act. Cable is currently testing the downside of 1.5700 ahead of 1.5665 27th Jul low, while a rise above 1.5725 maybe give a positive tone for a test of 1.5780 zone. A breake of 1.5665 might offer a negative move towards 1.5550 25th July high, a break there would open 1.5400 zone.

Res: 1.5725, 1.5740, 1.5755, 1.5777
Sup: 1.5700, 1.5665, 1.5620, 1.5590

USD/JPY
Friday’s spike was rejected at 78.67 ahead of 78.75 resistance zone of 16th July low, price action showing a potential pull back of the downtrend if the said resistance was broken ahead of 79.15 strong resistance. Only a break below 78.30 and 78.05 would offer a continuation of the downside risk. Only the loss of 78.05 will open the path towards 77.65, 1st of Jun key barrier.

Res: 78.55, 78.75, 78.90, 79.10
Sup: 78.30, 78.05, 77.95, 77.65

AUD/USD
Bounce off 1.0486, 27th July High, back to 1.0449 so far, a break above Friday’s barrier would open the path for more rise towards 1.0570 , 27th March high. Over bought conditions might offer a corrective action ahead of the rise while 1.0425 might offer first support ahead of 1.0400 zone. Studies are showing a mixed signals while the upside is favored.


Res: 1.0475, 1.0486, 1.0520, 1.0557
Sup: 1.0449, 1.0425, 1.0400, 1.0345

 

[WindsorBrokers]

EUR/USD
The pair consolidates after yesterday’s drop that ended at 1.2225 and during the Asian session have tested 1.2290 but failed to break. A retest of 1.2225 is expected today while bears remain in play below 1.2290, Fibo 38.2% pullback of 1.2390/1.2225 fall. A break of 1.2290 would open 1.2325 and 1.2350 next, while a drop below 1.2290 would open the path for 1.2165, 25th of July high, which would allow further down risk on the medium run.

Res: 1.2290, 1.2310, 1.2325, 1.2350
Sup: 1.2225, 1.2185, 1.2170, 1.2120

GBP/USD
Neutral outlook continues after the sideway action that dominated the Cable during the past 30 hours while the pair remains below 1.5770 medium term barrier. Currently consolidating between 1.5665 support and 1.5725 first near term resistance. Range traders remains in play while 1.5675/65 zone remains intact, a drop there would open the path for further downside towards 1.5645 and 1.5590 next, opening 1.5550 5th of July high. On the other hand a break of 1.5725/30 would open 1.5755 and 1.5775 next.


Res: 1.5725, 1.5730, 1.5755, 1.5775
Sup: 1.5675, 1.5665, 1.5590, 1.5550

USD/JPY
After yesterday’s drop, the pair neutral action moved in narrow range while it still holds below 78.40. From the downside, a fall below 78.05 would open 77.95 zone that would trigger further acceleration towards 77.66 1st of Jun low. On the upside, 78.30 would open 78.40, a break on the latter would open way to bulls for a test of 78.68 peak.

Res: 78.30, 78.40, 78.65, 78.95
Sup: 78.10, 77.95, 77.65, 77.35

Gold
The precious have edged higher yesterday towards medium term barrier zone 1640-1635, while yesterday’s action was contained at 1629.20, bears are on call if price action dropped below 1615 and 1610 next, targeting 1600 and 1590 next, below the latter would open further downside towards 1565 zone. On the other hand, the upside is still intact for a continuation of the uptrend; however 1635-40 zone should be the boiling point for a rally higher towards 1670/80 zone and 1700 next.

Res: 1629, 1635, 1640, 1670
Sup: 1615, 1610, 1600, 1590