Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

The pair continues to trend lower, as reversal off 1.3170 highs slides below psychological 1.3000 support and retraces nearly 76.4% of one-week rally from 1.2854, posting fresh session low at 1.2940, also 55 day EMA, on European session opening acceleration. As negative sentiment continues to dominate on near-term studies, the downside remains under pressure, with figure support and Fib 38.2% at 1.2900, seen next. Corrective action on overbought hourlies, with previous support at 1.3000, offering initial resistance, ahead of bear-trendline off 1.3170, currently at 1.3045, with 1.3080 expected to cap any stronger bounce. Only lift above 1.3100 would provide relief.

Res: 1.2992, 1.3000, 1.3045, 1.3074
Sup: 1.2950, 1.2940, 1.2914, 1.2900

GBP/USD

Cable extends its near-term downtrend to slide again below 1.6200 handle, following yesterday’s bounce that was capped at 1.6235. As near-term indicators move into negative territory, the downside remains in near-term focus. Today’s fresh dip to 1.6162, over 50% of 1.6074/1.6272 upleg, with 1.6150, Fib 61.8% and 1.6130, previous high / 55 day EMA, seen as next supports, with loss of 1.6100/1.6080 seen as a trigger for stronger retracement of larger 1.5769/1.6272 ascend. Former supports at 1.6200/35 zone are now reverted to resistances, with sustained break here to bring bulls back in play.

Res: 1.6200, 1.6220, 1.6235, 1.6265
Sup: 1.6162, 1.6150, 1.6100, 1.6080

USD/JPY

The pair lost ground following and upside rejection at important 79.20/30 resistance zone, daily cloud top / 200 day MA, as sharp two-legged reversal brings the price back to 78.00 zone, near 61.8% of initial 77.12/79.21 upleg. The downside remains exposed, as bears took control in the near-term price action, with break below 78.00 to open 77.50 and 77.12 supports for test. Yesterday’s consolidation high at 78.45, offers initial resistance, along with previous higher platform and 20/55 EMA’s bearish crossover at 78.55. Only regain of 79.00, would turn focus higher.

Res: 78.25, 78.45, 78.55, 79.00
Sup: 78.03, 77.92, 77.50, 77.12

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.
As over 50% of initial 0.9416/0.9237 downleg has been retraced on the latest rally, with hourly studies gaining momentum, further recovery is seen likely. Break above 0.9348, Fib 61.8% is required to open key near-term resistance zone at 0.9400/16, 200 day MA / 13 Sep lower top, break of which to signal near-term bottom and allow for stronger recovery. However, failure under 0.9400, would increase risk of lower top and fresh slide, as larger picture remains bearish.

Res: 0.9334, 0.9353, 0.9400, 0.9416
Sup: 0.9300, 0.9260, 0.9237, 0.9200

 

[WindsorBrokers]

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

EUR/USD

The pair continues to trend, as reversal off 1.3170 highs slides below psychological 1.3000 support and retraces nearly 76.4% of one-week rally from 1.2854, posting fresh session low at 1.2940, also 55 day EMA, on European session opening acceleration. As negative sentiment continues to dominate on near-term studies, the downside remains under pressure, with figure support and Fib 38.2% at 1.2900, seen next. Corrective action on overbought hourlies, with previous support at 1.3000, offering initial resistance, ahead of bear-trendline off 1.3170, currently at 1.3045, with 1.3080 expected to cap any stronger bounce. Only lift above 1.3100 would provide relief.

Res: 1.2992, 1.3000, 1.3045, 1.3074
Sup: 1.2950, 1.2940, 1.2914, 1.2900

GBP/USD

Cable extends its near-term downtrend to slide again below 1.6200 handle, following yesterday’s bounce that was capped at 1.6235. As near-term indicators move into negative territory, the downside remains in near-term focus. Today’s fresh dip to 1.6162, over 50% of 1.6074/1.6272 upleg, with 1.6150, Fib 61.8% and 1.6130, previous high / 55 day EMA, seen as next supports, with loss of 1.6100/1.6080 seen as a trigger for stronger retracement of larger 1.5769/1.6272 ascend. Former supports at 1.6200/35 zone are now reverted to resistances, with sustained break here to bring bulls back in play.

Res: 1.6200, 1.6220, 1.6235, 1.6265
Sup: 1.6162, 1.6150, 1.6100, 1.6080

USD/JPY

The pair lost ground following and upside rejection at important 79.20/30 resistance zone, daily cloud top / 200 day MA, as sharp two-legged reversal brings the price back to 78.00 zone, near 61.8% of initial 77.12/79.21 upleg. The downside remains exposed, as bears took control in the near-term price action, with break below 78.00 to open 77.50 and 77.12 supports for test. Yesterday’s consolidation high at 78.45, offers initial resistance, along with previous higher platform and 20/55 EMA’s bearish crossover at 78.55. Only regain of 79.00, would turn focus higher.

Res: 78.25, 78.45, 78.55, 79.00
Sup: 78.03, 77.92, 77.50, 77.12

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.
As over 50% of initial 0.9416/0.9237 downleg has been retraced on the latest rally, with hourly studies gaining momentum, further recovery is seen likely. Break above 0.9348, Fib 61.8% is required to open key near-term resistance zone at 0.9400/16, 200 day MA / 13 Sep lower top, break of which to signal near-term bottom and allow for stronger recovery. However, failure under 0.9400, would increase risk of lower top and fresh slide, as larger picture remains bearish.

Res: 0.9334, 0.9353, 0.9400, 0.9416
Sup: 0.9300, 0.9260, 0.9237, 0.9200

 

[WindsorBrokers]

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

EUR/USD

The near-term downtrend remains intact despite the pair regained some ground after finding footstep above important 1.2900 support. Quick recovery is now facing a barrier at 1.3000 zone, where hourly 55day EMA, along with bear-trendline off 1.3170, limits the upside. As hourly indicators still hold in the negative territory, further declines are anticipated. On the downside, supports lie at 1.2920/00, while potential break above 1.3000, would attract Fibonacci resistances at 1.3015/45, 38.2% / 50%, with 61.8% at 1.3074 and previous peaks at 1.3080, expected to cap. Only break here would turn the near-term focus higher.

Res: 1.3000, 1.3015, 1.3045, 1.3074
Sup: 1.2962, 1.2915, 1.2900, 1.2854

GBP/USD

Near-term focus turns higher again, as shallow correction finds support at 1.6162 and subsequent strength brings the price to the previous highs zone. Improved hourly studies are seen as supportive factor for possible attack at our target at 1.6300. Any dips should be contained by 1.6160//50 zone, to keep near-term bulls intact, otherwise, loss of 1.6150, Fib 61.8% of 1.6074/1.6272 ascend, would risk top and stronger retracement.

Res: 1.6265, 1.6272, 1.6300, 1.6320
Sup: 1.6234, 1.6200, 1.6162, 1.6150

USD/JPY

Near-term price action turned into sideways mode, after sharp reversal off 79.21 top, find ground at 78.00.Narrow consolidation will likely be followed with fresh weakness, as hourly indicators maintain negative tone, with loss of 78.00 handle to re-focus 77.00 zone. Upside remains capped at 79.00/20 zone for now.

Res: 78.36, 78.45, 78.55, 79.00
Sup: 78.11, 78.03, 77.92, 77.50

USD/CHF

The pair’s near-term recovery showed not much of action after clearing the initial barrier at 0.9300, as the next resistance at 0.9350, reinforced by55 day EMA, limited gains for now. Subsequent easing is required to hold above 0.9300, to keep hopes of fresh recovery, however, failure to regain important 0.9400 zone, would risk fresh bears, as larger picture’s downtrend remains unobstructed for now.

Res: 0.9330, 0.9353, 0.9400, 0.9416
Sup: 0.9308, 0.9300, 0.9260, 0.9237

 

[WindsorBrokers]

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

EUR/USD

The Euro came under pressure at the beginning of the week, as last Friday’s bounces failed to sustain gains above the bear-trendline off 1.3170 high and failed to regain 1.3080/1.3100 breakpoints. Fresh weakness brings the pair in the red territorry and just above the downtrend’s low at 1.2919, posted last week. Negative 1 and 4h chart studies keep the downside favored, as the price breaks below 4h 55 day EMA at 1.2955, where hourly 10 day EMA keeps the upside limited. Clearance of 1.2919, also Fib 38.2% of larger 1.2500/1.3170 upleg, is seen as a trigger for fresh weakness, with 1.2900 and 1.2850 to come in focus on a break. Initial resistance lies at 1.3000, ahead of Friday’s peaks at 1.3040/50 zone, while any change of direction requires break above 1.3080/1.3100 barriers.

Res: 1.2953, 1.2980, 1.3000, 1.3047
Sup: 1.2926, 1.2919, 1.2900, 1.2855

GBP/USD

The pair failed to capitalize last Friday’s break above key 1.6300 barrier, as fresh weakness followed two unsuccessful attempts higher. With nearly 76.4% of initial 1.6162/1.6308 upleg being erased, as the price briefly dipped below 1.6200 handles, more weakness is seen in the near-term action. Hourly studies moved in the negative territory and 10 day EMA, crossing below 55 and 20 day ones, maintaining the downside pressure. Sustained break below important 1.6200, also 4h cloud top, to open key near-term support at 1.6162, 20 Sep low, loss of which would open way for extension towards 1.6100 and 1.6074. Any bounce would face good barrier at 1.6260/70 zone and only break here would ease bear-pressure.

Res: 1.6240, 1.6258, 1.6266, 1.6294
Sup: 1.6200, 1.6185, 1.6162, 1.6100

USD/JPY

The pair’s near-term sideways movement, turns the sentiment more negative, as the price, unable to lift above range top at 78.36, attacks the base at 78.00. Hourly indicators are in negative mode, though still moving sideways, while more negative tone is seen on 4h chart, as indicators are in the negative territorry and 20/55 day EMA’s bearish crossover, keeps the downside pressure. Break below 78.00 base to open way for retest of key supports at 77.12/00, as any corrective action faces good barriers at 78.36/55 and only clearance of the latter to provide near-term relief.

Res: 78.27, 78.36, 78.45, 78.55
Sup: 78.00, 77.92, 77.50, 77.12

USD/CHF

The pair regains ground, following last Friday’s congestion, as the price found support just above bull-trendline off 0.9237 low. Lift above previous high at 0.9354, sees potential for fresh recovery, with Fibonacci 38.2% of 0.9577/0.9237, seen as last obstacle on the way towards key near-term barrier at 0.9400 zone, previous high and 200 day MA. Holding above psychological 0.9300 support is required to keep near-term bulls in play.

Res: 0.9364, 0.9400, 0.9416, 0.9432
Sup: 0.9338, 0.9313, 0.9300, 0.9283

 

[WindsorBrokers]

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

EUR/USD

The Euro came under pressure at the beginning of the week, as last Friday’s bounces failed to sustain gains above the bear-trendline off 1.3170 high and failed to regain 1.3080/1.3100 breakpoints. Fresh weakness brings the pair in the red territorry and just above the downtrend’s low at 1.2919, posted last week. Negative 1 and 4h chart studies keep the downside favored, as the price breaks below 4h 55 day EMA at 1.2955, where hourly 10 day EMA keeps the upside limited. Clearance of 1.2919, also Fib 38.2% of larger 1.2500/1.3170 upleg, is seen as a trigger for fresh weakness, with 1.2900 and 1.2850 to come in focus on a break. Initial resistance lies at 1.3000, ahead of Friday’s peaks at 1.3040/50 zone, while any change of direction requires break above 1.3080/1.3100 barriers.

Res: 1.2953, 1.2980, 1.3000, 1.3047
Sup: 1.2926, 1.2919, 1.2900, 1.2855

GBP/USD

The pair failed to capitalize last Friday’s break above key 1.6300 barrier, as fresh weakness followed two unsuccessful attempts higher. With nearly 76.4% of initial 1.6162/1.6308 upleg being erased, as the price briefly dipped below 1.6200 handles, more weakness is seen in the near-term action. Hourly studies moved in the negative territory and 10 day EMA, crossing below 55 and 20 day ones, maintaining the downside pressure. Sustained break below important 1.6200, also 4h cloud top, to open key near-term support at 1.6162, 20 Sep low, loss of which would open way for extension towards 1.6100 and 1.6074. Any bounce would face good barrier at 1.6260/70 zone and only break here would ease bear-pressure.

Res: 1.6240, 1.6258, 1.6266, 1.6294
Sup: 1.6200, 1.6185, 1.6162, 1.6100

USD/JPY

The pair’s near-term sideways movement, turns the sentiment more negative, as the price, unable to lift above range top at 78.36, attacks the base at 78.00. Hourly indicators are in negative mode, though still moving sideways, while more negative tone is seen on 4h chart, as indicators are in the negative territorry and 20/55 day EMA’s bearish crossover, keeps the downside pressure. Break below 78.00 base to open way for retest of key supports at 77.12/00, as any corrective action faces good barriers at 78.36/55 and only clearance of the latter to provide near-term relief.

Res: 78.27, 78.36, 78.45, 78.55
Sup: 78.00, 77.92, 77.50, 77.12

USD/CHF

The pair regains ground, following last Friday’s congestion, as the price found support just above bull-trendline off 0.9237 low. Lift above previous high at 0.9354, sees potential for fresh recovery, with Fibonacci 38.2% of 0.9577/0.9237, seen as last obstacle on the way towards key near-term barrier at 0.9400 zone, previous high and 200 day MA. Holding above psychological 0.9300 support is required to keep near-term bulls in play.

Res: 0.9364, 0.9400, 0.9416, 0.9432
Sup: 0.9338, 0.9313, 0.9300, 0.9283

 

[WindsorBrokers]

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

EUR/USD

The pair continues to trend lower, with marginally fresh low posted this morning at 1.2886, following brief 1.2890/1.2952 corrective rally that was capped by 55 day EMA. Loss of momentum, accompanied with negative hourly studies, keeps the downside favored, as 10/20 day EMA bearish crossover pressures. Immediate downside targets lie at 1.2864/54, 4h Ichimoku cloud base / 13 Sep low and 1.2835, 50% of 1.2500/1.3170, ahead of 1.2826/00, 200 day MA / broken med-term bear-trendline off 1.3485, annual high, as break here would confirm top and signal further retracement of 1.2042/1.3170 corrective rally. Overnight’s high at 1.2952, reinforced by 55 day EMA, offers initial resistance, while only regain of 1.3000 handle would delay bears.

Res: 1.2939, 1.2952, 1.2971, 1.3000
Sup: 1.2886, 1.2854, 1.2835, 1.2826

GBP/USD

Near-term price action remains well supported, despite yesterday’s dip below 1.6200 handle that was contained by 55 day EMA and above important 1.6162 support. The current movements could be described as sideways and consolidating, following brief probe above 1.6300 barrier. With hourly studies in a rather neutral mode and 4h ones slightly aligned to the downside, the most significant picture is on the daily chart. With studies showing signs of fatigue and being well in the overbought zone, as well as double doji candle, could be seen as signals of stronger reversal. Break below initial 1.6162 support is seen as a trigger, with 1.6100, also Fib 38.2% of 1.5769/1.6308, to come in focus on a break. Conversely, lift above 1.6308 to possibly signal a resumption of broader uptrend and break above long-term 1.5300/1.6300 congestion.

Res: 1.6242, 1.6258, 1.6294, 1.6308
Sup: 1.6200, 1.6180, 1.6162, 1.6130

USD/JPY

The pair’s break and close below important 78.00 support, signals further extension of near-term downtrend from 79.21, 19 Sep high. As near-term studies stand well in the negative territory and ma’s maintaining downward move, focus comes to the next support at 77.62, Fib 76.4% of 77.12/79.21 upleg, loss of which to expose key levels at 77.12 and 77.00. On the upside, previous support at 78.00, now acts as initial resistance, while only regain of 78.36, previous range top, would provide near-term relief.

Res: 77.90, 78.00, 78.27, 78.36
Sup: 77.73, 77.62, 77.45, 77.12

USD/CHF

The pair extends near-term recovery off 0.9237 low, as break above initial barriers at 0.9254/64, 20 Sep high / Fib 38.2% of 0.9577/0.9237, opened way towards key near-term resistance and pivotal point at 0.9400/16, where 200 day MA / 50% retracement and 13 Sep high lie. Rally was interrupted by brief 0.9390/50 correction. Positive near-term studies remain supportive, with break above 0.9400/16, required to resume recovery towards 0.9447, 61.8% and 0.9482, 10 Sep high. Initial support lies at overnight’s low at 0.9340, reinforced by 55 day EMA, ahead of 0.9329 and 0.9300, loss of which would delay near-term bulls.

Res: 0.9390, 0.9400, 0.9416, 0.9432
Sup: 0.9354, 0.9340, 0.9329, 0.9300

 

[WindsorBrokers]

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

EUR/USD

The pair continues to trend lower, with marginally fresh low posted this morning at 1.2886, following brief 1.2890/1.2952 corrective rally that was capped by 55 day EMA. Loss of momentum, accompanied with negative hourly studies, keeps the downside favored, as 10/20 day EMA bearish crossover pressures. Immediate downside targets lie at 1.2864/54, 4h Ichimoku cloud base / 13 Sep low and 1.2835, 50% of 1.2500/1.3170, ahead of 1.2826/00, 200 day MA / broken med-term bear-trendline off 1.3485, annual high, as break here would confirm top and signal further retracement of 1.2042/1.3170 corrective rally. Overnight’s high at 1.2952, reinforced by 55 day EMA, offers initial resistance, while only regain of 1.3000 handle would delay bears.

Res: 1.2939, 1.2952, 1.2971, 1.3000
Sup: 1.2886, 1.2854, 1.2835, 1.2826

GBP/USD

Near-term price action remains well supported, despite yesterday’s dip below 1.6200 handle that was contained by 55 day EMA and above important 1.6162 support. The current movements could be described as sideways and consolidating, following brief probe above 1.6300 barrier. With hourly studies in a rather neutral mode and 4h ones slightly aligned to the downside, the most significant picture is on the daily chart. With studies showing signs of fatigue and being well in the overbought zone, as well as double doji candle, could be seen as signals of stronger reversal. Break below initial 1.6162 support is seen as a trigger, with 1.6100, also Fib 38.2% of 1.5769/1.6308, to come in focus on a break. Conversely, lift above 1.6308 to possibly signal a resumption of broader uptrend and break above long-term 1.5300/1.6300 congestion.

Res: 1.6242, 1.6258, 1.6294, 1.6308
Sup: 1.6200, 1.6180, 1.6162, 1.6130

USD/JPY

The pair’s break and close below important 78.00 support, signals further extension of near-term downtrend from 79.21, 19 Sep high. As near-term studies stand well in the negative territory and ma’s maintaining downward move, focus comes to the next support at 77.62, Fib 76.4% of 77.12/79.21 upleg, loss of which to expose key levels at 77.12 and 77.00. On the upside, previous support at 78.00, now acts as initial resistance, while only regain of 78.36, previous range top, would provide near-term relief.

Res: 77.90, 78.00, 78.27, 78.36
Sup: 77.73, 77.62, 77.45, 77.12

USD/CHF

The pair extends near-term recovery off 0.9237 low, as break above initial barriers at 0.9254/64, 20 Sep high / Fib 38.2% of 0.9577/0.9237, opened way towards key near-term resistance and pivotal point at 0.9400/16, where 200 day MA / 50% retracement and 13 Sep high lie. Rally was interrupted by brief 0.9390/50 correction. Positive near-term studies remain supportive, with break above 0.9400/16, required to resume recovery towards 0.9447, 61.8% and 0.9482, 10 Sep high. Initial support lies at overnight’s low at 0.9340, reinforced by 55 day EMA, ahead of 0.9329 and 0.9300, loss of which would delay near-term bulls.

Res: 0.9390, 0.9400, 0.9416, 0.9432
Sup: 0.9354, 0.9340, 0.9329, 0.9300

 

[WindsorBrokers]

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

EUR/USD

The Euro remains at the back foot, as overnight’s price action steadies below 1.2900 handle. With yesterday’s corrective bounce being capped at initial 1.2970 barrier and pivotal 1.3000 point staying out of reach, more downside pressure is seen in the near-term. Negative tone on near-term studies, accompanied with widening Bollingers, focuses 1.2835/25, 50% retracement of 1.2500/1.3170 / 200 day MA and 1.2800/ broken bear-trendline / round figure support. Daily indicators in descending mode, confirm the negative outlook. Initial resistance lies at 1.2900, with yesterday’s high at 1.2970, also 20/55 day EMA’s bearish crossover, expected to cap.

Res: 1.2886, 1.2900, 1.2911, 1.2952
Sup: 1.2854, 1.2835, 1.2826, 1.2800

GBP/USD

The near-term outlook turns more negative, as the price loses ground, with lower boundaries of recent consolidation, coming under pressure. As hourly studies moved well into the negative territory and initial support at 1.6162 being dented, clear break here, also marking the neckline of H&S pattern, shown on 4h chart, would be a trigger for stronger corrective action. Immediate downside targets lie at 1.6130, 12 Sep high and 1.6100, round figure / Fib 38.2% of 1.5769/1.6308 upleg / 4f Ichimoku cloud base. Figure resistance at 1.6200 comes first, while only regain of 1.6265, yesterday’s highs, would improve near-term structure.

Res: 1.6181, 1.6200, 1.6242, 1.6265
Sup: 1.6148, 1.6130, 1.6100, 1.6074

USD/JPY

Fresh consolidative phase at 77.70 zone, followed recent break below strong 78.00 support. Hourly structure is in negative/neutral mode, while larger picture’s bears remain in play, with 20 day EMA on 4h chart, maintain downtrend at 78.00 zone. Initial targets remain at 77.12/00, with minor correction seen capped at 78.60 area. Key barriers lie at 79.00/30 zone.

Res: 77.80, 78.00, 78.27, 78.36
Sup: 77.65, 77.45, 77.12, 77.00

USD/CHF

The pair extends near-term recovery off 0.9237 low, following 0.9390/26 corrective phase, attacking important 0.9400 resistance zone. A cluster of barriers, starting from figure resistance, 200 day MA via 50% retracement (0.9407) and previous high (0.9416), seen as pivotal point for further retracement of larger retracement, with 0.9447 (Fib 61.8%) and 0.9500, seen on a break. Initial support lies at 0.9350 zone, while only break below 0.9326, would weaken near-term tone.

Res: 0.9400, 0.9407, 0.9416, 0.9432
Sup: 0.9377, 0.9366, 0.9354, 0.9340

 

[WindsorBrokers]

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

EUR/USD

The Euro remains at the back foot, as overnight’s price action steadies below 1.2900 handle. With yesterday’s corrective bounce being capped at initial 1.2970 barrier and pivotal 1.3000 point staying out of reach, more downside pressure is seen in the near-term. Negative tone on near-term studies, accompanied with widening Bollingers, focuses 1.2835/25, 50% retracement of 1.2500/1.3170 / 200 day MA and 1.2800/ broken bear-trendline / round figure support. Daily indicators in descending mode, confirm the negative outlook. Initial resistance lies at 1.2900, with yesterday’s high at 1.2970, also 20/55 day EMA’s bearish crossover, expected to cap.

Res: 1.2886, 1.2900, 1.2911, 1.2952
Sup: 1.2854, 1.2835, 1.2826, 1.2800

GBP/USD

The near-term outlook turns more negative, as the price loses ground, with lower boundaries of recent consolidation, coming under pressure. As hourly studies moved well into the negative territory and initial support at 1.6162 being dented, clear break here, also marking the neckline of H&S pattern, shown on 4h chart, would be a trigger for stronger corrective action. Immediate downside targets lie at 1.6130, 12 Sep high and 1.6100, round figure / Fib 38.2% of 1.5769/1.6308 upleg / 4f Ichimoku cloud base. Figure resistance at 1.6200 comes first, while only regain of 1.6265, yesterday’s highs, would improve near-term structure.

Res: 1.6181, 1.6200, 1.6242, 1.6265
Sup: 1.6148, 1.6130, 1.6100, 1.6074

USD/JPY

Fresh consolidative phase at 77.70 zone, followed recent break below strong 78.00 support. Hourly structure is in negative/neutral mode, while larger picture’s bears remain in play, with 20 day EMA on 4h chart, maintain downtrend at 78.00 zone. Initial targets remain at 77.12/00, with minor correction seen capped at 78.60 area. Key barriers lie at 79.00/30 zone.

Res: 77.80, 78.00, 78.27, 78.36
Sup: 77.65, 77.45, 77.12, 77.00

USD/CHF

The pair extends near-term recovery off 0.9237 low, following 0.9390/26 corrective phase, attacking important 0.9400 resistance zone. A cluster of barriers, starting from figure resistance, 200 day MA via 50% retracement (0.9407) and previous high (0.9416), seen as pivotal point for further retracement of larger retracement, with 0.9447 (Fib 61.8%) and 0.9500, seen on a break. Initial support lies at 0.9350 zone, while only break below 0.9326, would weaken near-term tone.

Res: 0.9400, 0.9407, 0.9416, 0.9432
Sup: 0.9377, 0.9366, 0.9354, 0.9340

 

[WindsorBrokers]

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

EUR/USD

The Eur/Usd moved lower during the European session, hitting session low at 1.2836, driven by negative technicals and increasing fears of further deepening of Eurozone’s crisis, with Spain now being in focus. The price touched important support, 200 day MA, en-route towards 1.2800, broken bear-trendline off 1.3485 lie. Potential break here would be a signal for further correction, as a part of reversal from 1.3170, 14/17 Sep double-top, with next significant support at 1.2740, mid-June highs / regression channel support, expected to come in focus. Negative near-term outlook is also confirmed by bearish 4h chart Ichimoku studies, as the price breaks below the cloud base at 1.2900, which now acts as initial resistance, along with Tenkan-sen line.

Res: 1.2886, 1.2900, 1.2911, 1.2952
Sup: 1.2835, 1.2826, 1.2800, 1.2740

GBP/USD

The pair finds near-term base at 1.6150, despite quite negative technicals, as three attempts lower were contained at this level, with price action congested between 1.6150 and 1.6200, during European and early US session hours. Failure to clear initial barrier at 1.6200, keeps the downside under pressure, with hourly 20 day EMA capping for now. Any stronger move higher, requires break above 1.6265, to avert immediate downside risk, otherwise, break below 1.6150 would signal completion of Head and Shoulders pattern and open way for stronger correction of 7-week ascend from 02 Aug low at 1.5489 and expose 1.6100/1.6065, Fibonacci / trendline supports.

Res: 1.6180, 1.6200, 1.6242, 1.6265
Sup: 1.6148, 1.6130, 1.6100, 1.6074

USD/JPY

The pair’s bounce of fresh session low at 77.58, provided temporary relief, despite gains being capped at initial 77.90 barrier. Slight improvement on hourly chart studies, keeps hopes of possible stronger corrective action, boosted by comments from Japanese Central Bank, however, overall negative sentiment does not leave much room for this, unless clear break above 78.00 occurs. On the downside, loss of 77.58 support, will focus our near-term targets at 77.12/00.

Res: 77.90, 78.00, 78.27, 78.36
Sup: 77.58, 77.45, 77.12, 77.00

USD/CHF

The pair remains supported, as fresh extension higher, cracks important 0.9400/16 barrier, 200 day MA / 50% retracement, reaching fresh high at 0.9414 so far. Near-term studies remain in the positive territory, however, extended hourly studies would signal possible hesitation at this strong resistance. Today’s close above 200 day MA is seen as supportive factor for fresh extension of near-term corrective bounce from 0.9237, 14 Sep low, as break higher would open Fib 61.8% at 0.9447, possibly psychological, 0.9500 barrier, on a break. Any dips should ideally be contained at 0.9360/50 zone, to keep near-term bulls in play.

Res: 0.9416, 0.9432, 0.9447, 0.9465
Sup: 0.9390, 0.9366, 0.9355, 0.9340

 

[WindsorBrokers]

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

EUR/USD

The Euro enters near-term corrective action after bears find temporary support at 1.2834, just above 200 day MA at 1.2824. As gains were limited by 20 day EMA at 1.2900 zone, with indicators on lower timeframes still holding in the negative territory, not much of recovery to be expected, unless break above trendline resistance at 1.2924, also near Fib 38.2% of 1.3047/1.2834 occurs. Regain of key near-term barrier at 1.2970, 25 Sep high / Fib 61.8%, is required to signal near-term bottom and provide relief. Conversely, any reversal below here would signal a lower top and fresh leg lower, with near-term targets at 1.2824, 200 day MA and 1.2780, bull trendline off 1.2254 being in focus.

Res: 1.2900, 1.2911, 1.2924, 1.2940
Sup: 1.2865, 1.2834, 1.2824, 1.2800

GBP/USD

Cable finds near-term support at 1.6136, as subsequent bounce regains initial 1.6200 barrier. Improved hourly conditions see scope for fresh recovery, however, clearance of 1.6220/30 breakpoint, trendline resistance and 50% of 1.6308/1.6136, is required to confirm recovery and turn near-term focus higher. Otherwise, risk of lower top and fresh weakness will exist, as 4h chart studies remain weak.

Res: 1.6204, 1.6222, 1.6231, 1.6265
Sup: 1.6175, 1.6148, 1.6136, 1.6100

USD/JPY

The pair’s near-term structure remains weak, despite bounce of yesterday’s low at 77.58, provided temporary relief, with gains being capped at initial 77.90 barrier. Overall negative sentiment does not see much potential for stronger recovery, unless clear break above 78.00 occurs. On the downside, loss of 77.58 support, will focus our near-term targets at 77.12/00.

Res: 77.75, 77.90, 78.00, 78.27
Sup: 77.62, 77.58, 77.45, 77.12

USD/CHF

The pair eases lower following attack and brief break above important 0.9400 zone. As expected, the barrier proved to be tough for the first attempt break. Dips have so bar been contained at 0.9360 zone, 20 day EMA, however, weakening hourly studies do not rule out further extension, with reversal ideally to occur above .0.9326, 25 Sep higher low, otherwise, near-term bulls would be delayed in favor of stronger correction.


Res: 0.9400, 0.9416, 0.9432, 0.9447
Sup: 0.9379, 0.9360, 0.9340, 0.9326

 

[WindsorBrokers]

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

EUR/USD

The Euro enters near-term corrective action after bears find temporary support at 1.2834, just above 200 day MA at 1.2824. As gains were limited by 20 day EMA at 1.2900 zone, with indicators on lower timeframes still holding in the negative territory, not much of recovery to be expected, unless break above trendline resistance at 1.2924, also near Fib 38.2% of 1.3047/1.2834 occurs. Regain of key near-term barrier at 1.2970, 25 Sep high / Fib 61.8%, is required to signal near-term bottom and provide relief. Conversely, any reversal below here would signal a lower top and fresh leg lower, with near-term targets at 1.2824, 200 day MA and 1.2780, bull trendline off 1.2254 being in focus.

Res: 1.2900, 1.2911, 1.2924, 1.2940
Sup: 1.2865, 1.2834, 1.2824, 1.2800

GBP/USD

Cable finds near-term support at 1.6136, as subsequent bounce regains initial 1.6200 barrier. Improved hourly conditions see scope for fresh recovery, however, clearance of 1.6220/30 breakpoint, trendline resistance and 50% of 1.6308/1.6136, is required to confirm recovery and turn near-term focus higher. Otherwise, risk of lower top and fresh weakness will exist, as 4h chart studies remain weak.

Res: 1.6204, 1.6222, 1.6231, 1.6265
Sup: 1.6175, 1.6148, 1.6136, 1.6100

USD/JPY

The pair’s near-term structure remains weak, despite bounce of yesterday’s low at 77.58, provided temporary relief, with gains being capped at initial 77.90 barrier. Overall negative sentiment does not see much potential for stronger recovery, unless clear break above 78.00 occurs. On the downside, loss of 77.58 support, will focus our near-term targets at 77.12/00.

Res: 77.75, 77.90, 78.00, 78.27
Sup: 77.62, 77.58, 77.45, 77.12

USD/CHF

The pair eases lower following attack and brief break above important 0.9400 zone. As expected, the barrier proved to be tough for the first attempt break. Dips have so bar been contained at 0.9360 zone, 20 day EMA, however, weakening hourly studies do not rule out further extension, with reversal ideally to occur above .0.9326, 25 Sep higher low, otherwise, near-term bulls would be delayed in favor of stronger correction.


Res: 0.9400, 0.9416, 0.9432, 0.9447
Sup: 0.9379, 0.9360, 0.9340, 0.9326

 

[WindsorBrokers]

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

EUR/USD

The Euro finds temporary ground at 1.2830 area, where 200 day MA held near-term decline. Fresh strength, boosted by positive fundamentals, regained psychological and trendline resistance at 1.2900, with yesterday’s close above, giving more optimistic outlook in the near-term. Positive hourly studies keep the upside favored and focus next barrier at 1.2960/70 zone, 25 Sep high / Fib 38.2% of 1.3170/1.2828 descend and 4h Ichimoku cloud base, above which to confirm near-term base and allow for stronger correction, with 1.3000 seen on a break. Initial support at 1.2900 area, where 20/55 day EMA lie, along with broken bear-trendline off 1.3170, is expected to hold corrective dips and keep near-term bulls in play.

Res: 1.2942, 1.2959, 1.2969, 1.3000
Sup: 1.2923, 1.2907, 1.2890, 1.2865

GBP/USD

Cable extends bounce off 1.6136, where support was found, with regain of initial 1.6200 barrier and extension through next one at 1.6266, giving more credential for possible return to key barriers at 1.6300 zone. Fresh bounce also shows that larger picture’s bulls remain fully in play, with recent price action seen as consolidation. Near-term indicators are now in the positive territory, with hourlies entering overbought territory and signaling corrective action. Any dips should ideally be contained at/above 1.6200, to maintain positive near-term sentiment.

Res: 1.6271, 1.6294, 1.6300, 1.6308
Sup: 1.6242, 1.6234, 1.6220, 1.6200

USD/JPY

The pair loses ground again, as brief recovery attempt failed on approach to initial 78.00 barrier. The near-term sentiment remains negative and drives the price towards our targets at 77.12/00, after losing 77.58, previous low. Near-term studies are in the negative territory and 20 day EMA, maintains bears on hourly chart. Any bounce higher, requires regain of minimum 78.00 to signal improvement.

Res: 77.58, 77.90, 78.00, 78.27
Sup: 77.45, 77.12, 77.00, 76.48

USD/CHF

Unable to break above strong 0.9400/16 resistance zone on a second attempt, where 0.9416 was reached, triggered stronger pullback to 0.9350, near 38.2% of 0.9237/0.9408 recovery rally. Immediate risk turn towards the downside, as hourly studies moved into negative zone, with 4h chart indicators in a descending mode and price below moving averages. However, holding above 0.9326, 25 sep higher low, keeps hopes of fresh attempt higher in play, as the barrier has already been cracked. Clearance of pivotal 0.9400/16, also 200 day MA, is seen as a trigger for fresh recovery towards 0.9447 and 0.9500. Slide below 0.9326 and 0.9300, Fib 61.8% and trendline support, will be bearish.

Res: 0.9375, 0.9400, 0.9416, 0.9432
Sup: 0.9349, 0.9340, 0.9326, 0.9300

 

[WindsorBrokers]

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

EUR/USD

The single currency starts the week with negative sentiment, as failure to sustain recent recovery and regain initial barrier at 1.2970, resulted in fresh slide under 1.2900, figure support. Weekly close below 1.2900 and extension to 1.2800, with 200 day MA and bull trendline support being penetrated, turns near-term outlook more negative and sees potential for further retracement of 1.2042/1.3170, July/Sep rally. Bounce on oversold hourly conditions, approaching 1.2900 barrier, is for now seen as corrective, as long as initial 1.2970 resistance stays intact. Only break here and psychological 1.3000 would provide relief. On the downside, 1.2820/00 zone offers strong support, break of which to open 1.2740 zone, mid-June highs / Fib 38.2% of 1.2042/1.3170. Daily close below 200 day MA is required to confirm negative near-term stance.

Res: 1.2880, 1.2900, 1.2926, 1.2958
Sup: 1.2860, 1.2828, 1.2800, 1.2740

GBP/USD

Cable breaks below near-term consolidative range as renewed attempt towards key 1.6300 barrier failed. Losses accelerated on a break below 1.6200, clearing previous support at 1.6136, to approach psychological 1.6100, also Fib 38.2% of 1.5769/1.6308 ascend. With 1.6200 zone offering good resistance and near-term studies in the negative territory, more focus is seen towards 1.6100 and 1.6077, trendline support initially.

Res: 1.6162, 1.6181, 1.6200, 1.6216
Sup: 1.6128, 1.6107, 1.6100, 1.6077

USD/JPY

Last Friday’s strong rally that regained initial 78.00 barrier, provided near-term relief and keeps the pair away from dangerous 77.00 zone. Overnight’s easing to 77.80, where 55 day EMA contained losses, is for now seen as corrective, with improving conditions on 4h chart, seeing potential for further recovery. Clearance of initial barrier at 78.10, last Friday’s high and Fib 38.2% of 79.21/77.42 descend, is required for further extension higher, with 78.31/53, 50% / 61.8%, seen as next targets. However, larger picture still keeps negative tone and as long as key near-term barriers at 79.00/30 zone stay intact, downside remains vulnerable.

Res: 78.00, 78.10, 78.31, 78.53
Sup: 77.78, 77.68, 77.42, 77.12

USD/CHF

The pair reverses from session’s fresh high at 0.9436, following brief break above important 0.9400 resistance zone, as hourly studies entered overbought territory. Near-term bulls remain in play while above trendline support at 0.9350, however, weakening hourly studies and loss of bullish momentum, see risk of further weakness, with break below 0.9350 and higher low at 0.9436, to sideline bulls. On the upside, 0.9400/36, offer initial resistance, with break above the latter to resume near-term recovery and open 0.9447 and 0.9482.

Res: 0.9400, 0.9416, 0.9436, 0.9447
Sup: 0.9373, 0.9350, 0.9334, 0.9326

 

[WindsorBrokers]

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

EUR/USD

The single currency starts the week with negative sentiment, as failure to sustain recent recovery and regain initial barrier at 1.2970, resulted in fresh slide under 1.2900, figure support. Weekly close below 1.2900 and extension to 1.2800, with 200 day MA and bull trendline support being penetrated, turns near-term outlook more negative and sees potential for further retracement of 1.2042/1.3170, July/Sep rally. Bounce on oversold hourly conditions, approaching 1.2900 barrier, is for now seen as corrective, as long as initial 1.2970 resistance stays intact. Only break here and psychological 1.3000 would provide relief. On the downside, 1.2820/00 zone offers strong support, break of which to open 1.2740 zone, mid-June highs / Fib 38.2% of 1.2042/1.3170. Daily close below 200 day MA is required to confirm negative near-term stance.

Res: 1.2880, 1.2900, 1.2926, 1.2958
Sup: 1.2860, 1.2828, 1.2800, 1.2740

GBP/USD

Cable breaks below near-term consolidative range as renewed attempt towards key 1.6300 barrier failed. Losses accelerated on a break below 1.6200, clearing previous support at 1.6136, to approach psychological 1.6100, also Fib 38.2% of 1.5769/1.6308 ascend. With 1.6200 zone offering good resistance and near-term studies in the negative territory, more focus is seen towards 1.6100 and 1.6077, trendline support initially.

Res: 1.6162, 1.6181, 1.6200, 1.6216
Sup: 1.6128, 1.6107, 1.6100, 1.6077

USD/JPY

Last Friday’s strong rally that regained initial 78.00 barrier, provided near-term relief and keeps the pair away from dangerous 77.00 zone. Overnight’s easing to 77.80, where 55 day EMA contained losses, is for now seen as corrective, with improving conditions on 4h chart, seeing potential for further recovery. Clearance of initial barrier at 78.10, last Friday’s high and Fib 38.2% of 79.21/77.42 descend, is required for further extension higher, with 78.31/53, 50% / 61.8%, seen as next targets. However, larger picture still keeps negative tone and as long as key near-term barriers at 79.00/30 zone stay intact, downside remains vulnerable.

Res: 78.00, 78.10, 78.31, 78.53
Sup: 77.78, 77.68, 77.42, 77.12

USD/CHF

The pair reverses from session’s fresh high at 0.9436, following brief break above important 0.9400 resistance zone, as hourly studies entered overbought territory. Near-term bulls remain in play while above trendline support at 0.9350, however, weakening hourly studies and loss of bullish momentum, see risk of further weakness, with break below 0.9350 and higher low at 0.9436, to sideline bulls. On the upside, 0.9400/36, offer initial resistance, with break above the latter to resume near-term recovery and open 0.9447 and 0.9482.

Res: 0.9400, 0.9416, 0.9436, 0.9447
Sup: 0.9373, 0.9350, 0.9334, 0.9326

 

[WindsorBrokers]

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

EUR/USD

The Euro holds steady around 1.2900 handle, after regaining ground at psychological 1.2800 support. Yesterday’s rally that hit 1.2937, failed to regain 1.2970 breakpoint, however, possibility of fresh rally exists, as hourly studies keep positive tone and dips being contained just under 1.2900, overnight. Larger picture, from the other side, remains aligned towards the downside, as steady downtrend of corrective pullback off 1.3170, hasn’t ended yet. Near-term price action is now entrenched within 1.2800, where 200 day MA holds the downside for now and important 1.2970/1.3000 barriers that are seen capping for now. Immediate barrier, triangle resistance at 1.2900 that keeps the upside limited for now, comes under pressure, with break here required to open way towards the upper barriers, while loss of session lows at 1.2880 zone, would weaken the near-term tone.

Res: 1.2916, 1.2937, 1.2958, 1.2970
Sup: 1.2896, 1.2875, 1.2837, 1.2822

GBP/USD

Cable’s near-term price action moves within 1.6100/75 consolidative range, following sharp fall from 1.6271, last Friday’s rejection that found footstep at psychological 1.6100 level. Near-term studies remain negative, with formation of double-top at 1.6270 zone and price being capped at important 1.6175 barrier, keeping the downside vulnerable. Loss of 1.6100, Fib 38.2% of 1.5769/1.6308 / bull trendline off 1.5489 low, is seen as a trigger for further retracement of 1.5769/1.6308 upleg, with 1.6074, 13 Sep low and 1.6035 zone, 07 Sep high / 50% retracement, seen as next downside target. On the upside, break above 1.6175/1.6200, yesterday’s high / Ichimoku 4h cloud base, is required to improve near-term structure.

Res: 1.6162, 1.6175, 1.6200, 1.6216
Sup: 1.6120, 1.6107, 1.6100, 1.6074

USD/JPY

The pair holds near-term positive tone, as rebound from last Friday’s low at 77.42, extends gains and briefly breaks above previous high at 78.10, after corrective dip found support at 78.80. As 4h chart studies break above midlines, prospect for further recovery still exists, with 78.31/53, Fib 38.2% and 50%, seen as next upside barriers. Only loss of 77.80, would weaken the near-term structure and re-focus recent lows.

Res: 78.14, 78.31, 78.53, 78.65
Sup: 78.00, 77.78, 77.68, 77.42

USD/CHF

Near-term bulls off 0.9237, 14 Sep low, come under pressure, as upside rejection at 0.9436, following break above important 0.9400 resistance zone, triggered fresh slide to 0.9350, yesterday’s low. With brief recovery attempt being capped under 0.9400, by 55 day EMA and near-term studies being weak, more focus is seen towards the downside in the near-term Immediate support, bull trendline off 0.9237, is now under pressure, as break here and 0.9350 would be a trigger for fresh weakness towards 0.9330 breakpoint. Alternative scenario requires break above 0.9400 to turn near-term focus towards the upside barriers.

Res: 0.9387, 0.9400, 0.9416, 0.9436
Sup: 0.9363, 0.9350, 0.9334, 0.9326

 

[WindsorBrokers]

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

EUR/USD

The Euro holds steady around 1.2900 handle, after regaining ground at psychological 1.2800 support. Yesterday’s rally that hit 1.2937, failed to regain 1.2970 breakpoint, however, possibility of fresh rally exists, as hourly studies keep positive tone and dips being contained just under 1.2900, overnight. Larger picture, from the other side, remains aligned towards the downside, as steady downtrend of corrective pullback off 1.3170, hasn’t ended yet. Near-term price action is now entrenched within 1.2800, where 200 day MA holds the downside for now and important 1.2970/1.3000 barriers that are seen capping for now. Immediate barrier, triangle resistance at 1.2900 that keeps the upside limited for now, comes under pressure, with break here required to open way towards the upper barriers, while loss of session lows at 1.2880 zone, would weaken the near-term tone.

Res: 1.2916, 1.2937, 1.2958, 1.2970
Sup: 1.2896, 1.2875, 1.2837, 1.2822

GBP/USD

Cable’s near-term price action moves within 1.6100/75 consolidative range, following sharp fall from 1.6271, last Friday’s rejection that found footstep at psychological 1.6100 level. Near-term studies remain negative, with formation of double-top at 1.6270 zone and price being capped at important 1.6175 barrier, keeping the downside vulnerable. Loss of 1.6100, Fib 38.2% of 1.5769/1.6308 / bull trendline off 1.5489 low, is seen as a trigger for further retracement of 1.5769/1.6308 upleg, with 1.6074, 13 Sep low and 1.6035 zone, 07 Sep high / 50% retracement, seen as next downside target. On the upside, break above 1.6175/1.6200, yesterday’s high / Ichimoku 4h cloud base, is required to improve near-term structure.

Res: 1.6162, 1.6175, 1.6200, 1.6216
Sup: 1.6120, 1.6107, 1.6100, 1.6074

USD/JPY

The pair holds near-term positive tone, as rebound from last Friday’s low at 77.42, extends gains and briefly breaks above previous high at 78.10, after corrective dip found support at 78.80. As 4h chart studies break above midlines, prospect for further recovery still exists, with 78.31/53, Fib 38.2% and 50%, seen as next upside barriers. Only loss of 77.80, would weaken the near-term structure and re-focus recent lows.

Res: 78.14, 78.31, 78.53, 78.65
Sup: 78.00, 77.78, 77.68, 77.42

USD/CHF

Near-term bulls off 0.9237, 14 Sep low, come under pressure, as upside rejection at 0.9436, following break above important 0.9400 resistance zone, triggered fresh slide to 0.9350, yesterday’s low. With brief recovery attempt being capped under 0.9400, by 55 day EMA and near-term studies being weak, more focus is seen towards the downside in the near-term Immediate support, bull trendline off 0.9237, is now under pressure, as break here and 0.9350 would be a trigger for fresh weakness towards 0.9330 breakpoint. Alternative scenario requires break above 0.9400 to turn near-term focus towards the upside barriers.

Res: 0.9387, 0.9400, 0.9416, 0.9436
Sup: 0.9363, 0.9350, 0.9334, 0.9326

 

[WindsorBrokers]

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

EUR/USD

Yesterday’s repeated upside rejection at 1.2966, proves that this barrier is tough and the pair lacks momentum for push higher. With subsequent reversal and slide below 1.2900, confirming near-term range trading within 1.2800 and 1.2970, risk-off mode is being established again. Near-term studies remain weak, with the latest reversal retracing 50% of two-day 1.2800/1.2966 rally, focus comes on 1.2875/65 support zone, higher platform / Fib 61.8% / bull trendline, loss of which to possibly attract 200 day MA at 1.2820 and range floor at 1.2800.

Res: 1.2900, 1.2937, 1.2966, 1.2970
Sup: 1.2883, 1.2875, 1.2865, 1.2820

GBP/USD

The pair comes under increased pressure, as brief break above 1.6175 barrier failed to regain 1.6200 handle. Quick reversal and close below 1.6175, shifted near-term focus to the lower boundary of near-term range at 1.6100, with trendline support at 1.6125 being already lost. Break below 1.6100, also Fib 38.2% of 1.5769/1.6308 and 1.6074, 13 Sep low, to trigger fresh extension of corrective pullback from 1.6308, with 1.6035, 07 Sep high / 50% retracement and 1.6000, psychological level, expected to come in focus. Negative near-term studies remain supportive for such scenario.

Res: 1.6168, 1.6175, 1.6200, 1.6216
Sup: 1.6100, 1.6074, 1.6035, 1.6000

USD/JPY

The pair continues to post marginally higher highs and higher lows, marking the near-term uptrend off 77.42 low. With the latest high at 78.29 and yesterday’s close above 78.00 handle, positive sentiment keeps near-term focus at the upside. Immediate targets lie at 78.36, 21 Sep high / daily 55 day MA and 78.53, Fib 61.8%, break of which to open way towards key near-term barriers at 79.00/30 zone. Bullish 20/55 day EMA’s crossover at 78.00, underpins near-term action.

Res: 78.36, 78.53, 78.78, 79.00
Sup: 78.10, 78.00, 77.78, 77.68

USD/CHF

The pair regains ground, as the second leg of reversal from 0.9436, 01 Oct high, penetrated bull trendline and previous low at 0.9360/50, to find support at 0.9330, near-term higher base. As the bounce attempts at important 0.9387/0.9400 barrier and near-term indicators returning to the positive territory, focus turns higher. However, clear break and close above 0.9400 is required to re-attract 0.9436 barrier, for possible extension of near-term uptrend from 0.9237. On the downside, loss of important 0.9330 and 0.9300 supports will bring bears back in play.

Res: 0.9387, 0.9400, 0.9416, 0.9436
Sup: 0.9367, 0.9350, 0.9331, 0.9326

 

[WindsorBrokers]

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

EUR/USD

Yesterday’s repeated upside rejection at 1.2966, proves that this barrier is tough and the pair lacks momentum for push higher. With subsequent reversal and slide below 1.2900, confirming near-term range trading within 1.2800 and 1.2970, risk-off mode is being established again. Near-term studies remain weak, with the latest reversal retracing 50% of two-day 1.2800/1.2966 rally, focus comes on 1.2875/65 support zone, higher platform / Fib 61.8% / bull trendline, loss of which to possibly attract 200 day MA at 1.2820 and range floor at 1.2800.

Res: 1.2900, 1.2937, 1.2966, 1.2970
Sup: 1.2883, 1.2875, 1.2865, 1.2820

GBP/USD

The pair comes under increased pressure, as brief break above 1.6175 barrier failed to regain 1.6200 handle. Quick reversal and close below 1.6175, shifted near-term focus to the lower boundary of near-term range at 1.6100, with trendline support at 1.6125 being already lost. Break below 1.6100, also Fib 38.2% of 1.5769/1.6308 and 1.6074, 13 Sep low, to trigger fresh extension of corrective pullback from 1.6308, with 1.6035, 07 Sep high / 50% retracement and 1.6000, psychological level, expected to come in focus. Negative near-term studies remain supportive for such scenario.

Res: 1.6168, 1.6175, 1.6200, 1.6216
Sup: 1.6100, 1.6074, 1.6035, 1.6000

USD/JPY

The pair continues to post marginally higher highs and higher lows, marking the near-term uptrend off 77.42 low. With the latest high at 78.29 and yesterday’s close above 78.00 handle, positive sentiment keeps near-term focus at the upside. Immediate targets lie at 78.36, 21 Sep high / daily 55 day MA and 78.53, Fib 61.8%, break of which to open way towards key near-term barriers at 79.00/30 zone. Bullish 20/55 day EMA’s crossover at 78.00, underpins near-term action.

Res: 78.36, 78.53, 78.78, 79.00
Sup: 78.10, 78.00, 77.78, 77.68

USD/CHF

The pair regains ground, as the second leg of reversal from 0.9436, 01 Oct high, penetrated bull trendline and previous low at 0.9360/50, to find support at 0.9330, near-term higher base. As the bounce attempts at important 0.9387/0.9400 barrier and near-term indicators returning to the positive territory, focus turns higher. However, clear break and close above 0.9400 is required to re-attract 0.9436 barrier, for possible extension of near-term uptrend from 0.9237. On the downside, loss of important 0.9330 and 0.9300 supports will bring bears back in play.

Res: 0.9387, 0.9400, 0.9416, 0.9436
Sup: 0.9367, 0.9350, 0.9331, 0.9326

 

[WindsorBrokers]

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

EUR/USD

The Euro remains directionless, moving within narrowed 1.2875/1.2940 range, awaiting today’s data. Larger range top at 1.2870, along with psychological 1.3000 barrier, also 4h Ichimoku cloud top, is seen as an upside trigger for fresh bulls. Otherwise, loss of range floor and trendline support at 1.2875 would expose more significant 1.2820, 200 day MA and 1.2800, 01 Oct low, with break of either side, to define near-term direction.

Res: 1.2938, 1.2966, 1.2970, 1.3000
Sup: 1.2900, 1.2886, 1.2875, 1.2865

GBP/USD

The pair remain under pressure, following break below 1.6125/00 bull trendline /near-term base and psychological support, that triggered fresh losses to 1.6066, breaking below our initial target at 1.6074, 13 Sep low. As recovery bounce stays capped at 1.6100 for now and near-term studies holding in the negative territory, fresh losses could be anticipated, 1.6160/75 pivotal zone stays intact. Main downside targets lie at 1.6035/00 zone, 07 Sep high / 50% retracement of 1.5769/1.6308 / round figure support.

Res: 1.6105, 1.6125, 1.6141, 1.6175
Sup: 1.6083, 1.6066, 1.6035, 1.6000

USD/JPY

Regain of important 78.50 barrier and yesterday’s close at this level, signals further extension of near-term rally, as the pair rallied to a fresh session high at 78.71 overnight. Positive sentiment keeps the upside favored, with key barriers at 79.00, psychological and 79.21/30, 19 Sep high / daily Ichimoku cloud top / 200 day MA, coming in near-term focus. However, gain s may be interrupted by corrective pullback, as near-term indicators enter overbought zone. Any dips should ideally be contained at 78.40/30 zone, while only loss of psychological 78.00 support and 02 Oct low, would soften the structure.

Res: 78.71, 78.78, 79.00, 79.21
Sup: 78.41, 78.29, 78.10, 78.00

USD/CHF

Near-term price action remains capped by 0.9400 barrier, round figure and 200 day MA, with choppy trading within narrowed 0.9365/90 range, sees the near-term action in a directionless mode. As the price holds below main bull-trendline off 0.9237 low, has already been dented and yesterday’s close occurred below 0.9400, further weakness looks more likely. Loss of 0.9330 higher base is required t confirm bearish stance.. Conversely, lift above initial 0.9400 barrier, is seen as spark for fresh rally and possible test of 0.9436, 01 Oct fresh 3-week high.

Res: 0.9390, 0.9400, 0.9416, 0.9436
Sup: 0.9366, 0.9353, 0.9331, 0.9326