Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

Last Friday’s brief break above psychological 1.2600 barrier, also one-week consolidation range top, did not materialize, as the price slid below 1.2600 handle, being capped by 20 day daily Bollinger band at 1.2636. Weakening hourly studies keep the downside vulnerable, as loss of overnight’s low at 1.2560, may trigger further easing and expose strong support at 1.2500 zone, 30 Aug low / 55 day EMA / Fib 38.2% of 1.2254/1.2636 upleg. Regain of 1.2600, however, would turn near-term focus towards 1.2636, break of which is required to resume rally and open 1.2700.

Res: 1.2585, 1.2600, 1.2636, 1.2650
Sup: 1.2559, 1.2520, 1.2508, 1.2490

GBP/USD

Near-term price action remains in a defensive mode, following last Friday’s upside rejection at 1.5900. As hourly studies are pointing lower, immediate risk is seen on test of 1.5850, Asian session low, ahead of trendline support at 1.5800 and more significant 1.5750 higher base, loss of which to confirm double-top. Alternative scenario sees break above 1.5900/11, to trigger fresh extension higher.

Res: 1.5880, 1.5885, 1.5900, 1.5911
Sup: 1.5850, 1.5813, 1.5800, 1.5777

USD/JPY

The pair remains under pressure, following last week’s failure to regain pivotal 79.00 barrier. Fresh weakness below 78.28, now tests initial 78.15 level, ahead of strong 78.00 zone base. Overextended hourly studies do not rule out corrective bounce, but overall negative structure keeps the downside in focus, as loss of 78.00 will expose another strong support at 77.65. Only regain of 78.80/79.00 will avert immediate downside risk.

Res: 78.36, 78.44, 78.60, 78.83
Sup: 78.15, 78.00, 77.90, 77.65

USD/CHF

The pair consolidates last Friday’s descend when the price slid below near-term range floor and tested 0.9500, psychological support and 50% of 0.9041/0.9970 rally. As overall picture maintains bearish tone, no significant action to be expected as long as strong barrier at 0.9600/34 stays intact. On the downside, loss of 0.9500 to expose next supports at 0.9461 and 0.9420.

Res: 0.9559, 0.9600, 0.9615, 0.9634
Sup: 0.9538, 0.9500, 0.9461, 0.9420

 

[WindsorBrokers]

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

EUR/USD

Last Friday’s brief break above psychological 1.2600 barrier, also one-week consolidation range top, did not materialize, as the price slid below 1.2600 handle, being capped by 20 day daily Bollinger band at 1.2636. Weakening hourly studies keep the downside vulnerable, as loss of overnight’s low at 1.2560, may trigger further easing and expose strong support at 1.2500 zone, 30 Aug low / 55 day EMA / Fib 38.2% of 1.2254/1.2636 upleg. Regain of 1.2600, however, would turn near-term focus towards 1.2636, break of which is required to resume rally and open 1.2700.

Res: 1.2585, 1.2600, 1.2636, 1.2650
Sup: 1.2559, 1.2520, 1.2508, 1.2490

GBP/USD

Near-term price action remains in a defensive mode, following last Friday’s upside rejection at 1.5900. As hourly studies are pointing lower, immediate risk is seen on test of 1.5850, Asian session low, ahead of trendline support at 1.5800 and more significant 1.5750 higher base, loss of which to confirm double-top. Alternative scenario sees break above 1.5900/11, to trigger fresh extension higher.

Res: 1.5880, 1.5885, 1.5900, 1.5911
Sup: 1.5850, 1.5813, 1.5800, 1.5777

USD/JPY

The pair remains under pressure, following last week’s failure to regain pivotal 79.00 barrier. Fresh weakness below 78.28, now tests initial 78.15 level, ahead of strong 78.00 zone base. Overextended hourly studies do not rule out corrective bounce, but overall negative structure keeps the downside in focus, as loss of 78.00 will expose another strong support at 77.65. Only regain of 78.80/79.00 will avert immediate downside risk.

Res: 78.36, 78.44, 78.60, 78.83
Sup: 78.15, 78.00, 77.90, 77.65

USD/CHF

The pair consolidates last Friday’s descend when the price slid below near-term range floor and tested 0.9500, psychological support and 50% of 0.9041/0.9970 rally. As overall picture maintains bearish tone, no significant action to be expected as long as strong barrier at 0.9600/34 stays intact. On the downside, loss of 0.9500 to expose next supports at 0.9461 and 0.9420.

Res: 0.9559, 0.9600, 0.9615, 0.9634
Sup: 0.9538, 0.9500, 0.9461, 0.9420

 

[WindsorBrokers]

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

EUR/USD

Maintains near-term positive sentiment, as overnight’s dips were contained above 1.2560 higher, with previous high at 1.2636 under pressure. Break higher to resume one-month rally and expose 1.2700 zone with interim barrier at 1.2646, 20 day Bollinger band. Previous barriers at 1.2600/1.2580, now offer initial support, while losing 1.2560 level would delay and signal further consolidation.

Res: 1.2626, 1.2636, 1.2650, 1.2700
Sup: 1.2600, 1.2580, 1.2559, 1.2547

GBP/USD

The near-term price action remains congested at 1.5900 zone, as lack of strength, seen on hourly studies, keeps the upside limited for now. Unless 1.5900/11 barriers are cleared that will open way towards next significant barrier at 1.6000, further sideways movements are not ruled out in the near-term. Overnight’s range floor at 1.5875 offers initial support, ahead of 1.5850 and bull trendline at 1.5820, loss of which will increase risk of deeper reversal towards key near-term support at 1.5750, 28. Aug low / Fib 38.2%.

Res: 1.5900, 1.5911, 1.5931, 1.5950
Sup: 1.5875, 1.5850, 1.5820, 1.5800

USD/JPY

More near-term positive signals are seen as bounce off 78.15 base ticks higher in attempt to clear initial 78.40/50 barrier and allow for further recovery towards 78.60 , to possibly challenge key barriers at 78.80/79.00. However, as overall picture maintains negative tone, failure to clear above mentioned barriers, will keep the downside risk in play.

Res: 78.42, 78.50, 78.60, 78.83
Sup: 78.31, 78.20, 78.15, 78.00

USD/CHF

Remain under pressure, as near-term recovery off 0.9500 ran out of steam at 0.9560, capped by descending hourly 20 day EMA. Fresh weakness brings initial support at 0.9500 in focus, with negative near-term tone, being supportive for further extension lower and test of 0.9461 and 0.9420, next downside targets. Any recovery needs to clear minimum 0.9560, to ease immediate bear-pressure.

Res: 0.9543, 0.9559, 0.9600, 0.9615
Sup: 0.9507, 0.9500, 0.9461, 0.9420

 

[WindsorBrokers]

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

EUR/USD

Maintains near-term positive sentiment, as overnight’s dips were contained above 1.2560 higher, with previous high at 1.2636 under pressure. Break higher to resume one-month rally and expose 1.2700 zone with interim barrier at 1.2646, 20 day Bollinger band. Previous barriers at 1.2600/1.2580, now offer initial support, while losing 1.2560 level would delay and signal further consolidation.

Res: 1.2626, 1.2636, 1.2650, 1.2700
Sup: 1.2600, 1.2580, 1.2559, 1.2547

GBP/USD

The near-term price action remains congested at 1.5900 zone, as lack of strength, seen on hourly studies, keeps the upside limited for now. Unless 1.5900/11 barriers are cleared that will open way towards next significant barrier at 1.6000, further sideways movements are not ruled out in the near-term. Overnight’s range floor at 1.5875 offers initial support, ahead of 1.5850 and bull trendline at 1.5820, loss of which will increase risk of deeper reversal towards key near-term support at 1.5750, 28. Aug low / Fib 38.2%.

Res: 1.5900, 1.5911, 1.5931, 1.5950
Sup: 1.5875, 1.5850, 1.5820, 1.5800

USD/JPY

More near-term positive signals are seen as bounce off 78.15 base ticks higher in attempt to clear initial 78.40/50 barrier and allow for further recovery towards 78.60 , to possibly challenge key barriers at 78.80/79.00. However, as overall picture maintains negative tone, failure to clear above mentioned barriers, will keep the downside risk in play.

Res: 78.42, 78.50, 78.60, 78.83
Sup: 78.31, 78.20, 78.15, 78.00

USD/CHF

Remain under pressure, as near-term recovery off 0.9500 ran out of steam at 0.9560, capped by descending hourly 20 day EMA. Fresh weakness brings initial support at 0.9500 in focus, with negative near-term tone, being supportive for further extension lower and test of 0.9461 and 0.9420, next downside targets. Any recovery needs to clear minimum 0.9560, to ease immediate bear-pressure.

Res: 0.9543, 0.9559, 0.9600, 0.9615
Sup: 0.9507, 0.9500, 0.9461, 0.9420

 

[WindsorBrokers]

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

EUR/USD

The pair loses traction after repeated failure to clear 1.2636 barrier, as signaled by overbought hourly conditions. Downside acceleration through 1.2600 and 1.2580 brings focus to key near-term support and breakpoint at 1.2560, break of which will confirm temporary top and allow for further retracement towards 1.2543, Fib 61.8, possibly psychological 1.2500 support. Weakening hourly studies see the downside at increased risk. However, ability to hold above 1.2550/60, would still keep alive hopes of fresh attempt higher.

Res: 1.2600, 1.2626, 1.2636, 1.2650
Sup: 1.2560, 1.2543, 1.2520, 1.2500

GBP/USD

Cable eases below 1.5900, following brief break higher that stalled on approach to pivotal barrier at 1.5911. As the hourly studies continue to point lower and 4h chart indicators move in a sideways mode, this may suggest that the latest upleg from 1.5753 is running out of steam. Break below 1.5850 would be the first signal of weakness, with loss of trendline support at 1.5820 and round figure at 1.5800, expected to turn focus towards key near-term support and higher base at 1.5750 zone. Alternatively, lift above 1.5911 will bring bulls fully in play.

Res: 1.5907, 1.5911, 1.5931, 1.5950
Sup: 1.5865, 1.5850, 1.5820, 1.5800

USD/JPY

Maintains near-term positive tone, as initial barrier at 78.40 zone, previous range floor, is dented. Hourly studies remain supportive, however, regain of minimum 78.60, range’s mid-point and Fib 61.8% of 78.80/78.17 downleg, is required to avert the downside risk and activate key near-term barriers at 78.80/79.00. Immediate supports lie at 78.30/20, loss of which to turn focus lower.

Res: 78.46, 78.55, 78.60, 78.83
Sup: 78.31, 78.20, 78.15, 78.00

USD/CHF

Near-term price action regains momentum, as bounce off dangerous 0.9500 zone tests initial barrier and breakpoint at 0.9550/60 area. Sustained break here would open way for further recovery and expose next hurdles at 0.9600/15, regain of which to signal near-term double bottom and provide temporary relief. Otherwise, failure under 0.9615 would risk lower top and fresh weakness, as larger picture bears remain fully in play.

Res: 0.9590, 0.9600, 0.9615, 0.9634
Sup: 0.9533, 0.9507, 0.9500, 0.9461

 

[WindsorBrokers]

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

EUR/USD

Maintains negative tone, established yesterday, following upside rejection at 1.2626. As the upside stays sidelined for now and price dips below 1.2560 breakpoint, near-term focus turns towards initial 1.2500 figure support and more significant 1.2486, 30 Aug low, also Fib 38.2% of 1.2254/1.2636 and near-term range floor at 1.2464, 28 Aug low. Near-term studies remain supportive for further weakness. Only regain of 1.2560/80 resistance zone would avert downside risk.

Res: 1.2541, 1.2559, 1.2578, 1.2600
Sup: 1.2515, 1.2500, 1.2486, 1.2464

GBP/USD

The pair remains in a near-term defensive mode, as 1.5900 zone proves to be tough resistance, with yesterday’s repeated failure at 1.5908, triggering fresh slide towards initial 1.5950 support. Weak hourly studies see the downside favored for now, as loss of 1.5850 is to expose trendline support at 1.5820 and round figure at 1.5800. Bearish 20/55 day EMA’s crossover keeps the near-term price action under pressure, with risk of double top formation still existing and loss of 1.5750 required to confirm. Conversely, break above 1.5900 zone, would turn focus higher.

Res: 1.5870, 1.5896, 1.5908, 1.5911
Sup: 1.5850, 1.5820, 1.5800, 1.5769

USD/JPY

Near-term positive tone off 78.20 support is running out of steam, as rally was capped by 55 day EMA, just under our initial barrier at 78.60. Loss of momentum and slide to 78.30 zone, weakens the near-term structure, however, holding above the latter, also trendline support, would keep hopes for fresh attempt towards the upper barriers at 78.60 and more important 78.80/79.00. Loss of 78.30, will bring bears back in play and re-focus 78.20/00 base.

Res: 78.46, 78.55, 78.60, 78.83
Sup: 78.35, 78.20, 78.15, 78.00

USD/CHF

Near-term price action continues to trend higher, as bounce off dangerous 0.9500 zone, broke through 0.9550/60, to test round figure resistance at 0.9600, just ahead of more important double top at 0.9615. Break here is required to confirm near-term double bottom and open the next barrier and previous range top at 0.9634 that will allow for stronger retracement of0.9796/0.9500 downleg. Near-term studies maintain positive tone, however, extended hourlies do not rule out a pause in near-term rally. Previous resistances at 0.9560/50 are now reverted to initial support.

Res: 0.9600, 0.9615, 0.9634, 0.9650
Sup: 0.9574, 0.9560, 0.9550, 0.9533

 

[WindsorBrokers]

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

EUR/USD

Maintains negative tone, established yesterday, following upside rejection at 1.2626. As the upside stays sidelined for now and price dips below 1.2560 breakpoint, near-term focus turns towards initial 1.2500 figure support and more significant 1.2486, 30 Aug low, also Fib 38.2% of 1.2254/1.2636 and near-term range floor at 1.2464, 28 Aug low. Near-term studies remain supportive for further weakness. Only regain of 1.2560/80 resistance zone would avert downside risk.

Res: 1.2541, 1.2559, 1.2578, 1.2600
Sup: 1.2515, 1.2500, 1.2486, 1.2464

GBP/USD

The pair remains in a near-term defensive mode, as 1.5900 zone proves to be tough resistance, with yesterday’s repeated failure at 1.5908, triggering fresh slide towards initial 1.5950 support. Weak hourly studies see the downside favored for now, as loss of 1.5850 is to expose trendline support at 1.5820 and round figure at 1.5800. Bearish 20/55 day EMA’s crossover keeps the near-term price action under pressure, with risk of double top formation still existing and loss of 1.5750 required to confirm. Conversely, break above 1.5900 zone, would turn focus higher.

Res: 1.5870, 1.5896, 1.5908, 1.5911
Sup: 1.5850, 1.5820, 1.5800, 1.5769

USD/JPY

Near-term positive tone off 78.20 support is running out of steam, as rally was capped by 55 day EMA, just under our initial barrier at 78.60. Loss of momentum and slide to 78.30 zone, weakens the near-term structure, however, holding above the latter, also trendline support, would keep hopes for fresh attempt towards the upper barriers at 78.60 and more important 78.80/79.00. Loss of 78.30, will bring bears back in play and re-focus 78.20/00 base.

Res: 78.46, 78.55, 78.60, 78.83
Sup: 78.35, 78.20, 78.15, 78.00

USD/CHF

Near-term price action continues to trend higher, as bounce off dangerous 0.9500 zone, broke through 0.9550/60, to test round figure resistance at 0.9600, just ahead of more important double top at 0.9615. Break here is required to confirm near-term double bottom and open the next barrier and previous range top at 0.9634 that will allow for stronger retracement of0.9796/0.9500 downleg. Near-term studies maintain positive tone, however, extended hourlies do not rule out a pause in near-term rally. Previous resistances at 0.9560/50 are now reverted to initial support.

Res: 0.9600, 0.9615, 0.9634, 0.9650
Sup: 0.9574, 0.9560, 0.9550, 0.9533

 

[WindsorBrokers]

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

EUR/USD

The Euro maintains positive sentiment, re-established yesterday after bouncing from the lower boundary at 1.2500. Overnight’s consolidation around 1.2600 level and fresh strength that is under way, keeps strong barrier at 1.2626/36 in focus for possible bullish breakout and extension of 5-week rally and expose 1.2680/1.2700. Near-term studies remain supportive, however, as the pair is driven by news and fundamentals, main focus is on today’s ECB’s release, leak of which has already been priced in and more focus seen on tomorrow’s US jobs data. Overnight’s base at 1.2590 offers initial support, along with 20 day EMA, while only loss of 1.2560/50 would signal further congestion.

Res: 1.2636, 1.2650, 1.2680, 1.2700
Sup: 1.2600, 1.2590, 1.2560, 1.2550

GBP/USD

Cable holds near-term positive tone, following yesterday’s bounce from trendline support at 1.5825 that resulted in break above 1.5900 resistance zone, previous top / Fib 61.8% of 1.6300/1.5267 and posting fresh 3 ½ month high at 1.5933. Yesterday’s close at 1.5900 gives additional support. However, more sideways movements on 1 and 4h chart studies, do not rule out further consolidation, before fresh push higher, as break above yesterday’s high is required to open 1.6000 barrier. Good supports lie at 1.5890/50, ahead of 1.5835, trendline support, loss of which would sideline near-term bulls.

Res: 1.5933, 1.5950, 1.5984, 1.6000
Sup: 1.5900, 1.5890, 1.5850, 1.5835

USD/JPY

The pair turned into sideways trade, moving within newly established 78.30/46 range. As the downside remains protected for now and recent gains were limited at 78.55, with flat hourly studies, no significant action to be expected in the near-term. Break of range limits at 78.00 or 78.80, is required to signal fresh direction.

Res: 78.46, 78.55, 78.60, 78.83
Sup: 78.37, 78.29, 78.20, 78.15

USD/CHF

Near-term price action remains entrenched within narrowing range, as yesterday’s upside rejection under important 0.9615/3 barriers and subsequent sharp slide, keep the downside favored. Near-term studies are in negative/neutral mode, while larger picture’s bears remain in play and favor retest of strong 0.9500 support, for possible resumption of larger downtrend from 0.9970. On the upside, break above 0.9615 and 0.9635, previous high / trendline resistance, would revive near-term bulls for possible stronger recovery.

Res: 0.9565, 0.9580, 0.9606, 0.9615
Sup: 0.9541, 0.9528, 0.9507, 0.9500

 

[WindsorBrokers]

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

EUR/USD

The Euro remains stable, as Asian session trading showed consolidation of last Friday’s strong rally and weekly close above 1.2800 barrier. Positive sentiment, backed by last week’s Euro supportive data, sees potential for further bullish action, however, caution is required, as lower timeframes studies are overbought and the price approaches very strong resistance zone at 1.2825/50, where 21/22 May peaks / 200 day MA and bear trendline off 1.3485, 2012 high, lie. Some corrective action cannot be ruled out at this point, with dips into initial 1.2700 support area, Fib 38.2% of 1.2500/1.2813 upleg, reinforced by 55 day EMA, seen as likely scenario. Only break below 1.2630/20 zone, previous range top / trendline support / Fib 61.8%, would sideline bulls and allow for stronger pullback.

Res: 1.2800, 1.2813, 1.2823, 1.2838
Sup: 1.2779, 1.2751, 1.2739, 1.2700

GBP/USD

The pair trades in a corrective/consolidative mode at the beginning of the week. Last Friday’s surge through psychological 1.6000 barrier and close above the latter, opens prospect for further extension higher, with 1.6060, 02 Apr high / 09 May low and Fib 76.4% of 1.6300/1.5267, seen as next upside target. However, corrective action, already underway, is seen preceding fresh rally. Dips were contained at 1.5990, Fib 38.2% of 1.5921/1.6033 upleg / 07 Sep high / 20 day EMA, during the Asian session, but near-term indicators, still in downmove on hourly and emerging from overbought zone on 4h chart, see scope for further retracement. Next supports lie at 1.5930 and more significant 1.5900 zone, psychological support / 50% retracement, loss of which would delay bulls.

Res: 1.6000, 1.6017, 1.6033, 1.6050
Sup: 1.5989, 1.5965, 1.5930, 1.5900

USD/JPY

The pair has lost ground, as last Friday’s repeated upside rejection at important 79.00, triggered reversal that accelerated losses on dollar negative US data. Loss of the upper boundary of strong 78.20/00 base and dip to 78.00, sees more negative impact in the pair’s near-term outlook. Bounce off 78.00, on oversold hourly studies, is seen corrective, as lower timeframes indicators maintain bearish tone and daily ones moved into negative territory. Unless regain of 78.60/80 barriers is seen, immediate focus remains at the downside, with break below 78.00 to expose 77.65, 01 June low and possibly trigger fresh phase lower, as part of broader downtrend from 84.17, 15 Mar annual high.


Res: 78.29, 78.50, 78.60, 78.80
Sup: 78.17, 78.00, 77.65, 77.50

USD/CHF

Dollar/Swiss extended its short-term downtrend off 0.9970, as break below psychological support and near-term base at 0.9500, accelerated losses through initial support at 0.9461. Weekly close below 0.9500, sees potential for further bearish action, as the price dipped to 0.9430 so far, just ahead of our next target and very strong support zone at 0.9420/00, where Fib 61.8% of 0.9041/0.9970 and 200 day lie. Brief consolidation is for now limited within narrow range, with any stronger bounce, requiring regain of minimum 0.9520, to aver immediate downside risk and open way for stronger correction.

Res: 0.9465, 0.9487, 0.9500, 0.9520
Sup: 0.9430, 0.9420, 0.9400, 0.9366

 

[WindsorBrokers]

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

EUR/USD

The single currency remains in a near-term corrective mode, easing further from last Friday’s fresh high at 1.2813. Initial support at 1.2750 comes under pressure, with further extension lower on weak hourly studies, to target strong support at 1.2700, where Fib 38.2% of 1.2500/1.2813 and trendline connecting 1.2500 and 1.2558, lies. Violation of this support would signal stronger reversal. On the upside, very strong resistance zone at 1.2820/40 zone is seen as a major obstacle and break here to accelerate gains towards 1.2900/1.3000.

Res: 1.2800, 1.2813, 1.2823, 1.2832
Sup: 1.2751, 1.2739, 1.2700, 1.2656

GBP/USD

Near-term price action moves in corrective/consolidative mode, as reversal from fresh high at 1.6033 has been contained by hourly 55 day EMA at 1.5958. Regain of 1.6000 handle and improving hourly conditions, see potential for fresh attack at 1.60333, to resume the uptrend and focus 1.6060 and 1.6100. Alternative scenario sees risk of losing initial support at 1.5950 to open more important support and breakpoint at 1.5900 zone that would signal stronger reversal.

Res: 1.6017, 1.6033, 1.6050, 1.6060
Sup: 1.5981, 1.5951, 1.5930, 1.5911

USD/JPY

Trades in near-term sideways mode, moving within very narrow range, following recent test of very important 78.00 base. As the upside remains capped by descending hourly 20 day EMA and initial resistance at 78.30, with negative tone dominating on lower timeframes, not much of bounce to be expected, unless key barriers at 78.80/79.00 are regained. Penetration of 78.00 to signal fresh weakness, with break below 77.65, required to confirm the continuation of larger downtrend from 84.17.

Res: 78.32, 78.50, 78.60, 78.80
Sup: 78.17, 78.00, 77.65, 77.50

USD/CHF

The downside came under pressure again, as brief corrective action and basing attempt of 0.9430 low, was short-lived. Break below 0.9430 opens very strong support zone at 0.9420/00, reinforced by 200 day MA, below which to signal resumption of short-term downtrend from 0.9970 and focus 0.9366/33 next. Any bounce above 0.9500 would provide temporary relief.

Res: 0.9469, 0.9482, 0.9500, 0.9520
Sup: 0.9430, 0.9420, 0.9400, 0.9366

 

[WindsorBrokers]

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

EUR/USD

The single currency remains in a near-term corrective mode, easing further from last Friday’s fresh high at 1.2813. Initial support at 1.2750 comes under pressure, with further extension lower on weak hourly studies, to target strong support at 1.2700, where Fib 38.2% of 1.2500/1.2813 and trendline connecting 1.2500 and 1.2558, lies. Violation of this support would signal stronger reversal. On the upside, very strong resistance zone at 1.2820/40 zone is seen as a major obstacle and break here to accelerate gains towards 1.2900/1.3000.

Res: 1.2800, 1.2813, 1.2823, 1.2832
Sup: 1.2751, 1.2739, 1.2700, 1.2656

GBP/USD

Near-term price action moves in corrective/consolidative mode, as reversal from fresh high at 1.6033 has been contained by hourly 55 day EMA at 1.5958. Regain of 1.6000 handle and improving hourly conditions, see potential for fresh attack at 1.60333, to resume the uptrend and focus 1.6060 and 1.6100. Alternative scenario sees risk of losing initial support at 1.5950 to open more important support and breakpoint at 1.5900 zone that would signal stronger reversal.

Res: 1.6017, 1.6033, 1.6050, 1.6060
Sup: 1.5981, 1.5951, 1.5930, 1.5911

USD/JPY

Trades in near-term sideways mode, moving within very narrow range, following recent test of very important 78.00 base. As the upside remains capped by descending hourly 20 day EMA and initial resistance at 78.30, with negative tone dominating on lower timeframes, not much of bounce to be expected, unless key barriers at 78.80/79.00 are regained. Penetration of 78.00 to signal fresh weakness, with break below 77.65, required to confirm the continuation of larger downtrend from 84.17.

Res: 78.32, 78.50, 78.60, 78.80
Sup: 78.17, 78.00, 77.65, 77.50

USD/CHF

The downside came under pressure again, as brief corrective action and basing attempt of 0.9430 low, was short-lived. Break below 0.9430 opens very strong support zone at 0.9420/00, reinforced by 200 day MA, below which to signal resumption of short-term downtrend from 0.9970 and focus 0.9366/33 next. Any bounce above 0.9500 would provide temporary relief.

Res: 0.9469, 0.9482, 0.9500, 0.9520
Sup: 0.9430, 0.9420, 0.9400, 0.9366

 

[WindsorBrokers]

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

EUR/USD

The Euro holds steady ahead of today’s Fed meeting, as bullish run continues to post fresh highs. Overnight’s brief pullback was contained just under 1.2900 and fresh gains look for retest of yesterday’s high and Fib 61.8% of 1.3485/1.2042 at 1.2935, the last barrier ahead of psychological 1.3000 level. Overextended studies on 4h chart and hourly indicators starting to point lower, may be a signal for correction, however, recent price action has not been significantly affected, as the rally was interrupted only by shallow dips so far. Initial supports lie at 1.2900/1.2870, ahead of 1.2830, 200 day MA / broken bear-trendline, with break here and 1.2800, seen as a trigger for stronger reversal.

Res: 1.2935, 1.2950, 1.2978, 1.3000
Sup: 1.2900, 1.2870, 1.2830, 1.2815

GBP/USD

Near-term price action gets congested under yesterday’s fresh high at 1.6130, with immediate risk of corrective action, seen on descending hourly indicators and 4h ones emerging from overbought territory. However, overall bullish picture and yesterday’s close above 1.6100 level, keeps the upside favored, with next target at 1.6200. Any dips should ideally been contained at/above 1.6060 higher platform / Fib 38.2% of 1.5958/1.6130 upleg, to keep bulls in play.

Res: 1.6130, 1.6150, 1.6181, 1.6200
Sup: 1.6100, 1.6080, 1.6060, 1.6040

USD/JPY

The pair remains under pressure, following yesterday’s brief recovery that was capped under initial 78.00 barrier and fresh slide under 77.65. With near-term indicators in the negative territory, fresh bear phase of a larger downtrend from 84.17 is likely, with 77.00 seen next. As 20 day EMA limits the upside at 78.00, break here and 78.30 barrier, is required to avert immediate downside risk.

Res: 77.85, 78.00, 78.32, 78.50
Sup: 77.64, 77.50, 77.35, 77.00

USD/CHF

The pair continues to trend lower, following break below significant 0.9400 support and 200 day MA. Fresh losses broke below our initial support at 0.9360 and tested the next one at 0.9330 zone, with brief consolidation being limited by descending 20 day EMA. Immediate focus lies at our near-term targets and supports at 0.9310, trendline support and 0.9300, round figure, while 0.9400 offers initial resistance. Only regain of 0.9480/0.9500 would improve near-term structure.

Res: 0.9400, 0.9432, 0.9482, 0.9500
Sup: 0.9339, 0.9330, 0.9310, 0.9300

 

[WindsorBrokers]

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

EUR/USD

The Euro holds steady ahead of today’s Fed meeting, as bullish run continues to post fresh highs. Overnight’s brief pullback was contained just under 1.2900 and fresh gains look for retest of yesterday’s high and Fib 61.8% of 1.3485/1.2042 at 1.2935, the last barrier ahead of psychological 1.3000 level. Overextended studies on 4h chart and hourly indicators starting to point lower, may be a signal for correction, however, recent price action has not been significantly affected, as the rally was interrupted only by shallow dips so far. Initial supports lie at 1.2900/1.2870, ahead of 1.2830, 200 day MA / broken bear-trendline, with break here and 1.2800, seen as a trigger for stronger reversal.

Res: 1.2935, 1.2950, 1.2978, 1.3000
Sup: 1.2900, 1.2870, 1.2830, 1.2815

GBP/USD

Near-term price action gets congested under yesterday’s fresh high at 1.6130, with immediate risk of corrective action, seen on descending hourly indicators and 4h ones emerging from overbought territory. However, overall bullish picture and yesterday’s close above 1.6100 level, keeps the upside favored, with next target at 1.6200. Any dips should ideally been contained at/above 1.6060 higher platform / Fib 38.2% of 1.5958/1.6130 upleg, to keep bulls in play.

Res: 1.6130, 1.6150, 1.6181, 1.6200
Sup: 1.6100, 1.6080, 1.6060, 1.6040

USD/JPY

The pair remains under pressure, following yesterday’s brief recovery that was capped under initial 78.00 barrier and fresh slide under 77.65. With near-term indicators in the negative territory, fresh bear phase of a larger downtrend from 84.17 is likely, with 77.00 seen next. As 20 day EMA limits the upside at 78.00, break here and 78.30 barrier, is required to avert immediate downside risk.

Res: 77.85, 78.00, 78.32, 78.50
Sup: 77.64, 77.50, 77.35, 77.00

USD/CHF

The pair continues to trend lower, following break below significant 0.9400 support and 200 day MA. Fresh losses broke below our initial support at 0.9360 and tested the next one at 0.9330 zone, with brief consolidation being limited by descending 20 day EMA. Immediate focus lies at our near-term targets and supports at 0.9310, trendline support and 0.9300, round figure, while 0.9400 offers initial resistance. Only regain of 0.9480/0.9500 would improve near-term structure.

Res: 0.9400, 0.9432, 0.9482, 0.9500
Sup: 0.9339, 0.9330, 0.9310, 0.9300

 

[WindsorBrokers]

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

EUR/USD

The single currency continues to trend higher, as yesterday’s expected action from Fed gave an additional boost to the pair. Break above our initial target at 1.3000 opens way for psychological 1.3100, then 1.3143, Fib 38.2% of long-term 1.4938/1.2042 downtrend and 1.3180, 03/04 May highs. The rally continues despite extremely extended short-term studies that for now show no signs of reversal. Key short-term support lies at 1.2830 zone, 200 day MA, broken bear-trendline.

Res: 1.3053, 1.3063, 1.3100, 1.3143
Sup: 1.3000, 1.2980, 1.2935, 1.2900

GBP/USD

Cable remains in an unobstructed rally, with the latest stretch higher, posting fresh high at 1.6204, our initial target zone. Overbought conditions on both, lower and larger timeframes have no impact on strong rally for now, with near-term focus turning towards key med-term barrier and annual high at 1.6300, posted on 30 Apr. Any corrective action would find good support at 1.6030/1.6000 zone.

Res: 1.6204, 1.6237, 1.6250, 1.6300
Sup: 1.6142, 1.6130, 1.6100, 1.6074

USD/JPY

The dollar, as expected, dipped further vs yen, to approach our near-term target at 77.00. Bears remain fully in play, with minor correction seen on oversold near-term studies, with initial resistance at 78.00, while only regain of 78.50 would delay. Downside extension to focus 76.00, 01 Feb yearly low.

Res: 77.77, 78.00, 78.32, 78.50
Sup: 77.50, 77.12, 77.00, 76.56

USD/CHF

The pair extends its short-term downtrend off 0.9970 yearly high, following break below 0.9400 strong support. Med-term at 0.9310 now comes under pressure, with clear break here to resume bears towards 0.9250, 16 Apr high and 0.9200, figure support next. Oversold near-term conditions do not show any signal of reversal for now, with 200 day MA at 0.9400, seen capping any corrective action for now.

Res: 0.9354, 0.9400, 0.9432, 0.9482
Sup: 0.9311, 0.9300, 0.9250, 0.9200

 

[WindsorBrokers]

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

EUR/USD

Near-term price action seems to be running out of steam, as renewed attempt through previous high at 1.3167 and linear regression channel top failed. As the price attempts below near-term base at 1.3080 and hourly studies entering negative territory, formation of doji-star-like pattern on the daily chart would be a signal for stronger retracement of past two-week rally from 1.2500 base. Initial support lies at 1.3050, Fib 38.2% and channel support, ahead of figure support at 1.3000, also 50% retracement of 1.2854/1.3170 ascend. Loss of the latter would put immediate bulls on hold in favor of further reversal into 1.2930/00 support area. Any reversal above 1.3000, however, will keep bulls in play for possible fresh attempt towards 1.3170/1.3200.

Res: 1.3100, 1.3120, 1.3139, 1.3170
Sup: 1.3080, 1.3050, 1.3011, 1.3000

GBP/USD

The positive sentiment keeps the upside fully in focus, as the pair posted marginally fresh high at 1.6272 yesterday, en-route to our near-term target and 30 Apr swing top at 1.6300. Consolidation into 1.6230 zone is under way, with still strong momentum on overbought near-term studies, seeing scope for final push towards 1.6300. Previous higher platform at 1.6200, reinforced by 55 day EMA, underpins the action and only break here would delay bulls, in favor stronger correction.

Res: 1.6235, 1.6255, 1.6279, 1.6300
Sup: 1.6212, 1.6200, 1.6184, 1.6143

USD/JPY

Corrective rally off 77.12, 13 Sep spike low, keeps near-term bulls in play, as the price action penetrated Fib 61.8% barrier at 78.68, as well as strong resistance zone at 78.80/79.00, with 78.92 seen so far. Corrective easing found a footstep at 78.50, also Fib 23.6%, for possible fresh attack at important 79.00 zone, with lift above 79.13, daily cloud top, to signal further retracement towards the next significant barrier at 79.65. MA’s bullish crossover at 78.20, underpins the action and only break here would sideline immediate bulls.

Res: 78.80, 78.92, 79.00, 79.13
Sup: 78.48, 78.23, 78.15, 78.00

USD/CHF

The pair moves in a two-day consolidative sideways mode, holding in a narrow range, just above last Friday’s fresh low at 0.9237. Negative/neutral hourly studies suggest further consolidation, however, oversold conditions on 4h chart, do not rule out some stronger corrective action, with good resistance at 0.9340/50 zone expected to cap for now. Broader bears remain in play for fresh extension lower and test of next supports at 0.9200/0.9180.

Res: 0.9294, 0.9300, 0.9311, 0.9339
Sup: 0.9258, 0.9237, 0.9200, 0.9180

 

[WindsorBrokers]

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

AUD/USD

The price plunged to the next significant support at 1.0430, mid-Sep higher platform / 55 day EMA, as losses accelerated on a break below important 1.0500 support. As 4h indicators are breaking below the centrelines, further weakness is seen as likely scenario, with next downside target at 1.0400 zone, previous high / 50% retracement of 1.0165/1.0623 upleg. However, overextended hourly conditions, do not rule out pause in the current downtrend, with 1.0500/20 zone seen limiting the upside and only break here would improve the near-term structure.


Res : 1.0450, 1.0484, 1.0500, 1.0520
Sup : 1.0420, 1.0400, 1.0368, 1.0340

USD/CAD

The pair extends its near-term corrective rally off 0.9631, 14 Sep low, as break above trendline resistance at 0.9720, triggered fresh extension to 0.9758, where 4h 55 day EMA limited gains, just ahead of key near-term barrier at 0.9772, 13 Sep lower top / 50% of 0.9912/0.9361 downleg and 4h Ichimoku cloud base. Break here to confirm near-term bottom and allow for stronger retracement, with 0.9800, Fib 61.8% and previous lows of 27/30 Apr, seen next. Short-term studies remain supportive, however, bearish larger picture does not see much of recovery, a long as price holds below 0.9800/40 barriers.

Res: 0.9758, 0.9772, 0.9800, 0.9833
Sup: 0.9728, 0.9711, 0.9700, 0.9692

 

[WindsorBrokers]

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

EUR/USD

Near-term price action seems to be running out of steam, as renewed attempt through previous high at 1.3167 and linear regression channel top failed. As the price attempts below near-term base at 1.3080 and hourly studies entering negative territory, formation of doji-star-like pattern on the daily chart would be a signal for stronger retracement of past two-week rally from 1.2500 base. Initial support lies at 1.3050, Fib 38.2% and channel support, ahead of figure support at 1.3000, also 50% retracement of 1.2854/1.3170 ascend. Loss of the latter would put immediate bulls on hold in favor of further reversal into 1.2930/00 support area. Any reversal above 1.3000, however, will keep bulls in play for possible fresh attempt towards 1.3170/1.3200.

Res: 1.3100, 1.3120, 1.3139, 1.3170
Sup: 1.3080, 1.3050, 1.3011, 1.3000

GBP/USD

The positive sentiment keeps the upside fully in focus, as the pair posted marginally fresh high at 1.6272 yesterday, en-route to our near-term target and 30 Apr swing top at 1.6300. Consolidation into 1.6230 zone is under way, with still strong momentum on overbought near-term studies, seeing scope for final push towards 1.6300. Previous higher platform at 1.6200, reinforced by 55 day EMA, underpins the action and only break here would delay bulls, in favor stronger correction.

Res: 1.6235, 1.6255, 1.6279, 1.6300
Sup: 1.6212, 1.6200, 1.6184, 1.6143

USD/JPY

Corrective rally off 77.12, 13 Sep spike low, keeps near-term bulls in play, as the price action penetrated Fib 61.8% barrier at 78.68, as well as strong resistance zone at 78.80/79.00, with 78.92 seen so far. Corrective easing found a footstep at 78.50, also Fib 23.6%, for possible fresh attack at important 79.00 zone, with lift above 79.13, daily cloud top, to signal further retracement towards the next significant barrier at 79.65. MA’s bullish crossover at 78.20, underpins the action and only break here would sideline immediate bulls.

Res: 78.80, 78.92, 79.00, 79.13
Sup: 78.48, 78.23, 78.15, 78.00

USD/CHF

The pair moves in a two-day consolidative sideways mode, holding in a narrow range, just above last Friday’s fresh low at 0.9237. Negative/neutral hourly studies suggest further consolidation, however, oversold conditions on 4h chart, do not rule out some stronger corrective action, with good resistance at 0.9340/50 zone expected to cap for now. Broader bears remain in play for fresh extension lower and test of next supports at 0.9200/0.9180.

Res: 0.9294, 0.9300, 0.9311, 0.9339
Sup: 0.9258, 0.9237, 0.9200, 0.9180

 

[WindsorBrokers]

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

EUR/USD

Corrective easing off 1.3170 high has found temporary footstep at 1.3030 zone, channel support, however, upside action lacks momentum for clearance of 1.3080/1.3100 barriers, to avoid near-term downside risk. With hourly indicators in the negative territory, the downside remains vulnerable, as loss of initial 1.3030 and 1.3000, also 50% retracement support, would trigger extension towards important 1.2900 support, Fib 38.2% of 1.2500/1.3170 upleg / and 4h 55 day EMA. Conversely, lift above 1.3100 to re-focus upper boundaries.

Res: 1.3080, 1.3100, 1.3120, 1.3139
Sup: 1.3028, 1.3000, 1.2975, 1.2934

GBP/USD

The pair remains well supported, as the consolidative phase holds in a narrow range and just below fresh high at 1.6272. Near-term target and 30 Apr swing top at 1.6300 remains in near-term focus, as hourly studies move above their midlines. However, overbought larger picture’s conditions still see risk of stronger reversal, with loss of initial supports at 1.6220/00, required to confirm.

Res: 1.6272, 1.6300, 1.6340, 1.6400
Sup: 1.6220, 1.6200, 1.6184, 1.6150

USD/JPY

The pair extends its corrective rally from 77.12 low, as fresh gains from 78.50 higher base, penetrated through important 79.00 zone barrier. Emerging above daily Ichimoku cloud top at 79.20, the price faces immediate barrier at 79.30, 200 day MA, break of which to confirm near-term bottom and positive stance for possible extension towards 79.65, 20 Aug peak. Previous tops at 78.90 zone now offer initial support, with 4h 20 day EMA, underpinning the advance.

Res: 79.21, 79.30, 79.50, 79.65
Sup: 79.00, 78.90, 78.55, 78.23

USD/CHF

The pair continues to move in a consolidative sideways mode, with near-term price action being entrenched within a narrow range, just above last Friday’s fresh low at 0.9237. Neutral hourly studies suggest further consolidation, as 20 day EMA caps just below 0.9300 handle, with break here required to spark stronger upside action, as 4h studies are emerging from oversold zone. Regain of 0.9350/0.9400 would signal correction under way, otherwise fresh bears would threat 0.9200/0.9180, initially.

Res: 0.9295, 0.9300, 0.9311, 0.9339
Sup: 0.9258, 0.9237, 0.9200, 0.9180

 

[WindsorBrokers]

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

EUR/USD

Corrective easing off 1.3170 high has found temporary footstep at 1.3030 zone, channel support, however, upside action lacks momentum for clearance of 1.3080/1.3100 barriers, to avoid near-term downside risk. With hourly indicators in the negative territory, the downside remains vulnerable, as loss of initial 1.3030 and 1.3000, also 50% retracement support, would trigger extension towards important 1.2900 support, Fib 38.2% of 1.2500/1.3170 upleg / and 4h 55 day EMA. Conversely, lift above 1.3100 to re-focus upper boundaries.

Res: 1.3080, 1.3100, 1.3120, 1.3139
Sup: 1.3028, 1.3000, 1.2975, 1.2934

GBP/USD

The pair remains well supported, as the consolidative phase holds in a narrow range and just below fresh high at 1.6272. Near-term target and 30 Apr swing top at 1.6300 remains in near-term focus, as hourly studies move above their midlines. However, overbought larger picture’s conditions still see risk of stronger reversal, with loss of initial supports at 1.6220/00, required to confirm.

Res: 1.6272, 1.6300, 1.6340, 1.6400
Sup: 1.6220, 1.6200, 1.6184, 1.6150

USD/JPY

The pair extends its corrective rally from 77.12 low, as fresh gains from 78.50 higher base, penetrated through important 79.00 zone barrier. Emerging above daily Ichimoku cloud top at 79.20, the price faces immediate barrier at 79.30, 200 day MA, break of which to confirm near-term bottom and positive stance for possible extension towards 79.65, 20 Aug peak. Previous tops at 78.90 zone now offer initial support, with 4h 20 day EMA, underpinning the advance.

Res: 79.21, 79.30, 79.50, 79.65
Sup: 79.00, 78.90, 78.55, 78.23

USD/CHF

The pair continues to move in a consolidative sideways mode, with near-term price action being entrenched within a narrow range, just above last Friday’s fresh low at 0.9237. Neutral hourly studies suggest further consolidation, as 20 day EMA caps just below 0.9300 handle, with break here required to spark stronger upside action, as 4h studies are emerging from oversold zone. Regain of 0.9350/0.9400 would signal correction under way, otherwise fresh bears would threat 0.9200/0.9180, initially.

Res: 0.9295, 0.9300, 0.9311, 0.9339
Sup: 0.9258, 0.9237, 0.9200, 0.9180

 

[WindsorBrokers]

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

EUR/USD

The single currency dips further, following upside rejection at 1.3080. Loss of initial support at 1.3030 and break below the channel support line has opened extension to psychological 1.3000 support, as break here is seen as a trigger for more significant pullback towards significant 1.2920/00 zone, Fib 38.2% of 1.2500/1.3170 upleg / 4h chart 55 day EMA / daily Tenkan-sen line. Near-term indicators in the negative zone, keep the downside in focus, with 4h chart 20 day EMA at 1.3045, now turned sideways, offering initial resistance. On the upside, day’s high at 1.3083, as a part of 1.3080/1.3100 resistance band, is expected to cap and only break above here would turn near-term focus higher.

Res: 1.3044, 1.3083, 1.3100, 1.3120
Sup: 1.3000, 1.2992, 1.2975, 1.2914

GBP/USD

Near-term price action moves lower, following loss of initial 1.6220/00 support zone, consolidation range floor and Fib 38.2% of 1.6074/1.6272 ascend. Downside risk, signaled on overbought 4h chart studies, is now materializing, as price dips to 1.6184 so far. However, to confirm reversal, close below 1.6200 and extension below 1.6150, Fib 61.8%, is required, as break here would signal near-term double-top pattern and stronger bearish action. From the other side, bulls remain in play on a larger picture, despite overextended conditions and keep 1.6300 target in focus.

Res: 1.6230, 1.6265, 1.6272, 1.6300
Sup: 1.6200, 1.6184, 1.6150, 1.6100

USD/JPY

Today’s extension of recovery rally from 77.12 low was capped at 79.21, daily Senkou - span B and just under 200 day MA, with subsequent strong sell-off, erasing most of past two-days gains off 78.50 higher base. As crack of the latter moves near-term focus towards the downside and hourly studies turn negative, more risk is seen in sidelining near-term bulls that will be confirmed on a break below 78.40/20, 38.2% / 50% of 77.12/79.21 upleg.

Res: 78.75, 79.00, 79.21, 79.30
Sup: 78.40, 78.16, 78.00, 77.86

USD/CHF

Near-term price action gets slight support on improving hourly studies, with brief break above range top and 0.9300, round figure resistance, seen as signal for stronger recovery. However, lack of momentum that is still evident, may question the recent action, as regain of minimum 0.9340/60 zone is seen required to confirm basing attempt and expose pivotal barriers at 0.9400 zone. Alternative scenario, sees fresh weakness through 0.9237, to focus psychological support at 0.9200.

Res: 0.9305, 0.9339, 0.9367, 0.9400
Sup: 0.9258, 0.9237, 0.9200, 0.9180