Short Term Technical Analysis for Majors

[WindsorBrokers]

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

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

 

[WindsorBrokers]

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

EUR/USD

The single currency returned to risk-on mode, as fresh rally broke above recent range top at 1.2975 and psychological barrier at 1.3000. Gains reached 1.3030 high so far that marks 61.8% of 1.3170/1.2800 corrective phase. Yesterday’s close above 1.3000, sees potential for further extension higher, as 1.3000 so far holds corrective dips on overbought hourly conditions, keeps the upside in near-term focus. Lift above 1.3030 high to open 1.3047, 21 Sep swing high, as regain and weekly close above this barrier, will keep near-term bulls off 1.2800 in play for possible attempt towards 1.3170, 14/17 Sep double-top. On the other side, break below 1.3000 will open another significant support at 1.2975, loss of which would question near-term bulls.

Res: 1.3030, 1.3047, 1.3074, 1.3083
Sup: 1.3000, 1.2975, 1.2940, 1.2914

GBP/USD

Cable’s bounce from 1.6066, 03 Oct low and break above important barriers, regained 1.6200 handle and turned near-term structure positive. Gains were limited by psychological barrier and 4h Ichimoku cloud base, with consolidative mode following the rally, as the price moves sideways. Overbought hourly readings do not exclude stronger corrective action, as signaled on hourly RSI and MACD that started to point lover, with immediate support at 1.6175, reinforced by ascending 20 day EMA and potential dips to be ideally contained at 1.6150 zone, Fib 38.2% of 1.6066/1.6200 / 55 day EMA and bull trendline off 1.5489. Also positive tone on 4h chart sees more potential for fresh bulls, with lift above 1.6200 to expose tentative bear trendline off 1.6308 at 1.6234, break of which to expose 25/28 Sep double top at 1.6270.

Res: 1.6200, 1.6216, 1.6234, 1.6270
Sup: 1.6175, 1.6150, 1.6124, 1.6100

USD/JPY

The pair trades in a near-term corrective mode, off yesterday’s fresh high at 78.71. Dips were so far contained at 78.20 zone, also Fib 38.2% of 77.42/78.71 upleg, with failure swing off 78.71 high, seeing increased risk of deeper reversal, as hourly indicators broke into negative territory, and 4h chart ones, moving lower. Break below psychological 78.00 support would confirm reversal. Conversely, fresh strength through 78.71, would re-attract key near-term barriers at 79.00 and 79.21/30.

Res: 78.56, 78.71, 78.92, 79.00
Sup: 78.26, 78.10, 78.00, 77.78

USD/CHF

The pair confirms near-term negative stance, as failure to clear initial 0.9400 barrier, triggered fresh weakness that fell below important levels at 0.9330/00, previous base and 4h Ichimoku cloud base / psychological support. The downside remains favored, as 1 and 4h indicators are in the negative zone, however, oversold hourly conditions sparked corrective bounce. Regain of 0.9330 is required to give more credibility, however, failure to regain 0.9400, would keep the downside pressured.

Res: 0.9330, 0.9353, 0.9381, 0.9400
Sup: 0.9300, 0.9293, 0.9283, 0.9237

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (15:00 GMT)

EUR/USD

The Euro gains fresh momentum after US data, as 1.3000 zone held corrective easing off yesterday’s high at 1.3030, maintaining near-term bulls. Fresh rally through 1.3030 and regain of our next target at 1.3047, 21 Sep swing high, sees potential for extension towards 1.3080 and psychological 1.3100 barrier. Improved conditions on hourly chart, where price broke above 10/20 day EMA’s and indicators moving higher, as well lift above 4h Ichimoku cloud top, with Tenkan-sen and Kijun-sen lines following the price above kumo, give more credibility to the current rally. Weekly close above 1.3050 to confirm bullish stance. Initial support lies at 1.3030, ahead of day’s low at 1.2992. Only break below bull trendline at 1.2955 would weaken the structure.

Res: 1.3074, 1.3083, 1.3100, 1.3114
Sup: 1.3030, 1.3000, 1.2992, 1.2975

GBP/USD

Cable’s near-term price action remains well supported, as the pair found footstep at 1.6172, ahead of fresh rally above 1.6200 barrier. Break higher so far tested 1.6216, Fib 61.8% of 1.6308 to 1.6066 descend / 28 Sep intraday high, ahead of trendline resistance at 1.6230. Indicators on 1 and 4h charts remain in positive territory, however, sideways movements of hourly RSI and MACD still below the signal line, as well as price unable to break above 4h cloud, see risk of further consolidation. Important will be weekly close above 1.6200 that will keep near-term bulls in play for possible retest of the next strong resistance at 1.6270 double top. Daily low at 1.6172 and trendline support / 55 day EMA, at 1.6155, should contain any dips under 1.6200.

Res: 1.6216, 1.6230, 1.6270, 1.6300
Sup: 1.6200, 1.6172, 1.6155, 1.6124

USD/JPY

The pair surged higher after US data, to post fresh high at 78.86, where daily Ichimoku cloud base limited gains. Subsequent reversal came on hourly RSI touching overbought zone and more significant MACD bearish divergence that may be spark for stronger reversal. As the initial support at 78.71 has been cleared, next one comes at 78.56, today’s intraday high / 10 day EMA, ahead of more important 78.30 higher base, where dips should be contained in order to keep near-term bulls in play. Increased downside risk is seen on slide below 78.30 and strong 78.00 zone, previous low / Fib 61.8% of 77.42/78.86 and psychological support that would signal lower top and re-attract the downside levels.

Res: 78.86, 79.00, 79.21, 79.30
Sup: 78.56, 78.30, 78.10, 78.00

USD/CHF

The pair confirms near-term negative stance, as corrective action off 0.9293, previous low, was short-lived and capped under initial barrier at 0.9330. Fresh weakness below 0.9300 sees no serious obstacles en-route to key near-term support at 0.9237, 14 Sep low, as upside rejection at 0.9436 and completion of head and shoulders pattern on a break below 0.9330 neckline, keeps the downside firmly in focus. Price below MA’s and indicators below their midlines, maintain bearish tone. Psychological 0.9300 level offers initial resistance, along with 0.9320/30 zone, reinforced by descending 55 day EMA, expected to cap for now.

Res: 0.9300, 0.9320, 0.9330, 0.9353
Sup: 0.9256, 0.9243, 0.9237, 0.9200

 

[WindsorBrokers]

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

EUR/USD

The Euro starts the week at the back foot, following easing off last Friday’s fresh high at 1.3070. Despite weekly close above 1.3000, the pair failed to sustain gains, as more negative sentiment came on a thin-volume Asian trading, sending the single currency below 1.3000 handle. Hourly studies turned negative, with price approaching strong support at 1.2970, previous peak of 02 Oct and Fib 38.2% of 1.2800/1.3070 ascend, reinforced by bull trendline off 1.2800. As indicators on 4h chart are descending and price below hourly MA’s (10/20), immediate risk is seen on a break below 1.2970 that would open way for further retracement, with next support at 1.2940 zone, 50% / 4h Ichimoku cloud top / 55 day EMA. As the risk of lower top at 1.3070 becomes more evident, failure to reverse at 1.2970 or 1.2940, would spark fresh weakness and expose 1.2900, figure support / 61.8% retracement, loss of which to confirm lower top and shift near-term focus towards 1.2800 base. Alternative scenario sees reversal, ideally at/above 1.2970 that will keep near-term bulls in play for fresh attempt at upper barriers.


Res: 1.2992, 1.3000, 1.3030, 1.3070
Sup: 1.2970, 1.2940, 1.2900, 1.2875

GBP/USD

Cable’s last week’s fresh gains and brief break above 1.6200 barrier were short-lived, as the price sharply fell on Friday’s late hours and extended weakness at the beginning of the week, losing another psychological support at 1.6100. Upside rejection at 1.6216, just under bear-trendline at 1.6235 and fresh weakness that reached 1.6080 so far, keep the near-term bears off 1.6308 in play, with loss of 1.6066, 03 Oct low and immediate target, seen as confirmation of lower top. With 4h chart indicators entering negative territory, downside remains in focus, as loss of 1.6066 to open 1.6035, previous high / 50% of 1.5753/1.6308 and 1.6000, figure support. Bears may be delayed by brief corrective action on oversold hourly conditions, however, no reversal signal have been generated yet.

Res: 1.6100, 1.6114, 1.6140, 1.6172
Sup: 1.6080, 1.6066, 1.6035, 1.6000

USD/JPY

The pair remains under pressure after last Friday’s strong rally that stalled on approach to psychological 79.00 barrier and capped by daily cloud base. Subsequent easing has so far found footstep at 78.50, previous high and 55 day EMA, however, weak tone on hourly chart studies and price holding below 10/20 day EMA’s, sees the downside still vulnerable. Loss of 78.50 handle would indicate further easing, with 78.30 and key near-term and psychological support at 78.00. Conversely, regain of 78.75, as initial barrier, would improve the tone, but any failure under 79.00 would keep bears in play.

Res: 78.75, 78.86, 79.00, 79.21
Sup: 78.50, 78.30, 78.10, 78.00

USD/CHF

The pair recovers a part of last week’s losses that dipped to 0.9273, where temporary ground was found. Improvement on hourly studies sees prospect for further recovery, as the price stays above MA’s and indicators break above their midlines. However, 4h chart studies are pointing higher but still in the negative zone, with strong barrier at 0.9350, 55 day EMA / 4h Ichimoku cloud base, break of which is required to keep near-term positive sentiment for possible attempt towards key hurdle at 0.9400, 200 day MA / psychological resistance. Immediate supports lie at 0.9322 and 0.9300, with loss of the latter to bring bears back in play.

Res: 0.9350, 0.9390, 0.9400, 0.9436
Sup: 0.9322, 0.9300, 0.9273, 0.9237

 

[WindsorBrokers]

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

EUR/USD

The Euro starts the week at the back foot, following easing off last Friday’s fresh high at 1.3070. Despite weekly close above 1.3000, the pair failed to sustain gains, as more negative sentiment came on a thin-volume Asian trading, sending the single currency below 1.3000 handle. Hourly studies turned negative, with price approaching strong support at 1.2970, previous peak of 02 Oct and Fib 38.2% of 1.2800/1.3070 ascend, reinforced by bull trendline off 1.2800. As indicators on 4h chart are descending and price below hourly MA’s (10/20), immediate risk is seen on a break below 1.2970 that would open way for further retracement, with next support at 1.2940 zone, 50% / 4h Ichimoku cloud top / 55 day EMA. As the risk of lower top at 1.3070 becomes more evident, failure to reverse at 1.2970 or 1.2940, would spark fresh weakness and expose 1.2900, figure support / 61.8% retracement, loss of which to confirm lower top and shift near-term focus towards 1.2800 base. Alternative scenario sees reversal, ideally at/above 1.2970 that will keep near-term bulls in play for fresh attempt at upper barriers.


Res: 1.2992, 1.3000, 1.3030, 1.3070
Sup: 1.2970, 1.2940, 1.2900, 1.2875

GBP/USD

Cable’s last week’s fresh gains and brief break above 1.6200 barrier were short-lived, as the price sharply fell on Friday’s late hours and extended weakness at the beginning of the week, losing another psychological support at 1.6100. Upside rejection at 1.6216, just under bear-trendline at 1.6235 and fresh weakness that reached 1.6080 so far, keep the near-term bears off 1.6308 in play, with loss of 1.6066, 03 Oct low and immediate target, seen as confirmation of lower top. With 4h chart indicators entering negative territory, downside remains in focus, as loss of 1.6066 to open 1.6035, previous high / 50% of 1.5753/1.6308 and 1.6000, figure support. Bears may be delayed by brief corrective action on oversold hourly conditions, however, no reversal signal have been generated yet.

Res: 1.6100, 1.6114, 1.6140, 1.6172
Sup: 1.6080, 1.6066, 1.6035, 1.6000

USD/JPY

The pair remains under pressure after last Friday’s strong rally that stalled on approach to psychological 79.00 barrier and capped by daily cloud base. Subsequent easing has so far found footstep at 78.50, previous high and 55 day EMA, however, weak tone on hourly chart studies and price holding below 10/20 day EMA’s, sees the downside still vulnerable. Loss of 78.50 handle would indicate further easing, with 78.30 and key near-term and psychological support at 78.00. Conversely, regain of 78.75, as initial barrier, would improve the tone, but any failure under 79.00 would keep bears in play.

Res: 78.75, 78.86, 79.00, 79.21
Sup: 78.50, 78.30, 78.10, 78.00

USD/CHF

The pair recovers a part of last week’s losses that dipped to 0.9273, where temporary ground was found. Improvement on hourly studies sees prospect for further recovery, as the price stays above MA’s and indicators break above their midlines. However, 4h chart studies are pointing higher but still in the negative zone, with strong barrier at 0.9350, 55 day EMA / 4h Ichimoku cloud base, break of which is required to keep near-term positive sentiment for possible attempt towards key hurdle at 0.9400, 200 day MA / psychological resistance. Immediate supports lie at 0.9322 and 0.9300, with loss of the latter to bring bears back in play.

Res: 0.9350, 0.9390, 0.9400, 0.9436
Sup: 0.9322, 0.9300, 0.9273, 0.9237

 

[WindsorBrokers]

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

EUR/USD

The Euro approaches moth’s lows, as negative sentiment keeps bears in play. Fresh weakness off yesterday’s upside rejection at 1.2990, breached important 1.2900, figure / trendline support and reached levels close key support zone at 1.2820, 200 day MA and 1.2800, figure support, 01 Oct low. Negative studies on lower timeframes see test of 1.2820/00 favored, however, corrective action on overextended hourlies is not ruled out, with 1.2885/1.2900 barriers seen capping bounces. Only break above 1.2900 and bear-trendline at 1.2940, would improve near-term picture. On the downside, loss of 1.2800 handle is seen as a trigger for stronger correction of 1.2042/1.3170 ascend, with 1.2745, previous high and Fibonacci support, seen as next target.

Res: 1.2885, 1.2900, 1.2940, 1.2960
Sup: 1.2834, 1.2820, 1.2800, 1.2745

GBP/USD

Near-term downtrend from 1.6308 peak remains unobstructed, as the pair accelerated losses through 1.6066 and broke below psychological 1.6000 support, also near Fib 61.8% of 1.5753/1.6308 upleg. Brief consolidation under the latter is seen preceding fresh weakness that would look for test of 1.5900 zone 23 Aug high / Fib 38.2% of 1.5267/1.6308 / daily 55 day MA. Corrective bounces face solid barriers at 1.6066, previous support / Fib 38.2% of 1.6216/1.5975 downleg and 1.6100, 50% retracement and only break here would delay bears in favor of stronger correction.

Res: 1.6000, 1.6045, 1.6066, 1.6100
Sup: 1.5975, 1.5958, 1.5910, 1.5900

USD/JPY

Negative tone continues to dominate in the near-term outlook, despite the pair started to move sideways. Range floor and strong support at78.00 holds the downside, while upside stays limited by descending 55 day EMA, approx 38.2% of 78.86/78.07 downleg at 78.40. Break here and above 78.60, to re-focus upper barriers at 78.86 and 79.00, ahead of key hurdles at 79.21/32. Otherwise, slide through pivotal 78.00, would spark fresh weakness and re-open 77.42 and 77.12 lows.

Res: 78.34, 78.40, 78.59, 78.75
Sup: 78.14, 78.07, 78.00, 77.78

USD/CHF

The pair cracks key resistance zone at 0.9400/36, 200 day MA / 01 Oct top, on its near-term rally from 0.9273, with 0.9430 seen so far and yesterday’s close at 0.9400. Clear break here is required to signal near-term base and allow for stronger recovery of larger 0.9970/0.9237 descend. With positive near-term studies, upside remains in focus, however, gains may be interrupted by corrective easing on overbought hourly studies, with ideal reversal seen at 0.9370 zone. Increased risk will be seen on downside extension below 0.9320, 08 Oct higher platform / near 61.8% of 0.9273/0.9430 upleg..

Res: 0.9430, 0.9436, 0.9461, 0.9500
Sup: 0.9395, 0.9383, 0.9370, 0.9350

 

[WindsorBrokers]

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

EUR/USD

The Euro approaches moth’s lows, as negative sentiment keeps bears in play. Fresh weakness off yesterday’s upside rejection at 1.2990, breached important 1.2900, figure / trendline support and reached levels close key support zone at 1.2820, 200 day MA and 1.2800, figure support, 01 Oct low. Negative studies on lower timeframes see test of 1.2820/00 favored, however, corrective action on overextended hourlies is not ruled out, with 1.2885/1.2900 barriers seen capping bounces. Only break above 1.2900 and bear-trendline at 1.2940, would improve near-term picture. On the downside, loss of 1.2800 handle is seen as a trigger for stronger correction of 1.2042/1.3170 ascend, with 1.2745, previous high and Fibonacci support, seen as next target.

Res: 1.2885, 1.2900, 1.2940, 1.2960
Sup: 1.2834, 1.2820, 1.2800, 1.2745

GBP/USD

Near-term downtrend from 1.6308 peak remains unobstructed, as the pair accelerated losses through 1.6066 and broke below psychological 1.6000 support, also near Fib 61.8% of 1.5753/1.6308 upleg. Brief consolidation under the latter is seen preceding fresh weakness that would look for test of 1.5900 zone 23 Aug high / Fib 38.2% of 1.5267/1.6308 / daily 55 day MA. Corrective bounces face solid barriers at 1.6066, previous support / Fib 38.2% of 1.6216/1.5975 downleg and 1.6100, 50% retracement and only break here would delay bears in favor of stronger correction.

Res: 1.6000, 1.6045, 1.6066, 1.6100
Sup: 1.5975, 1.5958, 1.5910, 1.5900

USD/JPY

Negative tone continues to dominate in the near-term outlook, despite the pair started to move sideways. Range floor and strong support at78.00 holds the downside, while upside stays limited by descending 55 day EMA, approx 38.2% of 78.86/78.07 downleg at 78.40. Break here and above 78.60, to re-focus upper barriers at 78.86 and 79.00, ahead of key hurdles at 79.21/32. Otherwise, slide through pivotal 78.00, would spark fresh weakness and re-open 77.42 and 77.12 lows.

Res: 78.34, 78.40, 78.59, 78.75
Sup: 78.14, 78.07, 78.00, 77.78

USD/CHF

The pair cracks key resistance zone at 0.9400/36, 200 day MA / 01 Oct top, on its near-term rally from 0.9273, with 0.9430 seen so far and yesterday’s close at 0.9400. Clear break here is required to signal near-term base and allow for stronger recovery of larger 0.9970/0.9237 descend. With positive near-term studies, upside remains in focus, however, gains may be interrupted by corrective easing on overbought hourly studies, with ideal reversal seen at 0.9370 zone. Increased risk will be seen on downside extension below 0.9320, 08 Oct higher platform / near 61.8% of 0.9273/0.9430 upleg..

Res: 0.9430, 0.9436, 0.9461, 0.9500
Sup: 0.9395, 0.9383, 0.9370, 0.9350

 

[WindsorBrokers]

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

EUR/USD

The Euro dipped to a fresh low at 1.2825, just ahead of 200 day MA, following yesterday’s rejection at 1.2900. Overall negative tone, with additional pressure seen on a break below 1.2500/1.2802 bull trendline keeps near-term focus at key 1.2820/00 support zone, below which is expected to spark fresh weakness towards 1.2745/00. Corrective action is not ruled out as 1.2800 zone offers strong support and hourly MACD bullish divergence becomes evident, with initial barriers at 1.2900/10, trendline resistance / yesterday’s high, above which would delay immediate bears. Only reclaim of 1.2975/1.3000 barriers would shift near-term focus towards the upside targets.

Res: 1.2875, 1.2900, 1.2910, 1.2920
Sup: 1.2825, 1.2820, 1.2800, 1.2745

GBP/USD

The pair remains in near-term consolidative sideways mode, off fresh one-month low at 1.5975, with daily Doji candle, confirming near-term indecision. Brief break above 1.6000 handle, still lacks momentum to sustain gains, with hourly studies being neutral. Initial upside signal is given by 4h studies that started to point higher, however, break above minimum 1.6045, range top is required to open way for stronger recovery. Otherwise, fresh extension of near-term downtrend from 1.6308, with 1.5900 seen as next target, would be the likely scenario.

Res: 1.6033, 1.6045, 1.6066, 1.6100
Sup: 1.5983, 1.5975, 1.5958, 1.5910

USD/JPY

The pair loses ground again, after brief consolidation above 78.07, previous low, failed to break above 78.40, range top and yesterday’s close below range floor, with fresh weakness now testing levels below pivotal 78.00 support. Negative near-term tone focuses initial support at 77.80, ahead of possible extension lower to open 77.42, 28 Sep low and signal possible full retracement of 77.12/78.86 rally. On the upside, regain of initial barrier at 78.40, would provide relief.

Res: 78.07, 78.14, 78.40, 78.59
Sup: 77.94, 77.78, 77.42, 77.12

USD/CHF

The pair remains congested at 0.9400 zone, following recent attempt through 0.9400/36 barriers that peaked at 0.9430, as subsequent reversal found support at 0.9370, Fib 38.2% of 0.9273/0.9330 upleg / 55 day EMA. Neutral hourly studies and positive tone seen on 4h chart, see more potential towards the upside barriers, however, clear break above 0.9400, 200 day MA and 0.9430/36, is required to confirm bulls for fresh extension of broader recovery rally from 0.9273. Conversely, loss of 0.9370, would risk extension towards 0.9350, 50% and 0.9330, 61.8% retracement of 0.9273/0.9430 upleg.

Res: 0.9417, 0.9430, 0.9436, 0.9461
Sup: 0.9385, 0.9370, 0.9350, 0.9320

 

[WindsorBrokers]

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

[EUR/USD

The Euro dipped to a fresh low at 1.2825, just ahead of 200 day MA, following yesterday’s rejection at 1.2900. Overall negative tone, with additional pressure seen on a break below 1.2500/1.2802 bull trendline keeps near-term focus at key 1.2820/00 support zone, below which is expected to spark fresh weakness towards 1.2745/00. Corrective action is not ruled out as 1.2800 zone offers strong support and hourly MACD bullish divergence becomes evident, with initial barriers at 1.2900/10, trendline resistance / yesterday’s high, above which would delay immediate bears. Only reclaim of 1.2975/1.3000 barriers would shift near-term focus towards the upside targets.

Res: 1.2875, 1.2900, 1.2910, 1.2920
Sup: 1.2825, 1.2820, 1.2800, 1.2745

GBP/USD

The pair remains in near-term consolidative sideways mode, off fresh one-month low at 1.5975, with daily Doji candle, confirming near-term indecision. Brief break above 1.6000 handle, still lacks momentum to sustain gains, with hourly studies being neutral. Initial upside signal is given by 4h studies that started to point higher, however, break above minimum 1.6045, range top is required to open way for stronger recovery. Otherwise, fresh extension of near-term downtrend from 1.6308, with 1.5900 seen as next target, would be the likely scenario.

Res: 1.6033, 1.6045, 1.6066, 1.6100
Sup: 1.5983, 1.5975, 1.5958, 1.5910

USD/JPY

The pair loses ground again, after brief consolidation above 78.07, previous low, failed to break above 78.40, range top and yesterday’s close below range floor, with fresh weakness now testing levels below pivotal 78.00 support. Negative near-term tone focuses initial support at 77.80, ahead of possible extension lower to open 77.42, 28 Sep low and signal possible full retracement of 77.12/78.86 rally. On the upside, regain of initial barrier at 78.40, would provide relief.

Res: 78.07, 78.14, 78.40, 78.59
Sup: 77.94, 77.78, 77.42, 77.12

USD/CHF

The pair remains congested at 0.9400 zone, following recent attempt through 0.9400/36 barriers that peaked at 0.9430, as subsequent reversal found support at 0.9370, Fib 38.2% of 0.9273/0.9330 upleg / 55 day EMA. Neutral hourly studies and positive tone seen on 4h chart, see more potential towards the upside barriers, however, clear break above 0.9400, 200 day MA and 0.9430/36, is required to confirm bulls for fresh extension of broader recovery rally from 0.9273. Conversely, loss of 0.9370, would risk extension towards 0.9350, 50% and 0.9330, 61.8% retracement of 0.9273/0.9430 upleg.

Res: 0.9417, 0.9430, 0.9436, 0.9461
Sup: 0.9385, 0.9370, 0.9350, 0.9320

 

[WindsorBrokers]

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

EUR/USD

The Euro returns to strength after finding ground at 1.2900 zone yesterday, with psychological 1.3000 barrier, coming under pressure. However, sideways consolidation still keeps the price within 1.2800/1.3070 range, as yesterday’s Doji candle signals lack of direction. Break above cluster of barriers at 1.3000; 1.3025, trendline resistance and upper range boundary at 1.3070, is required to turn focus higher, otherwise, upside rejection would risk slide towards 1.2930, trendline support and 1.2900 higher low, with return towards strong 1.2820/00 support not ruled out on break lower. Hourly structure remains positive, while 4h chart indicators start to point higher, with lift above initial 1.3000/25 required to confirm near-term bullish stance.

Res: 1.3000, 1.3025, 1.3047, 1.3070
Sup: 1.2952, 1.2930, 1.2900, 1.2890

GBP/USD

Cable’s fresh strength off 1.6020 higher base, approaches pivotal 1.6100 point, as a part of larger recovery from 1.5975, 10 Oct low. Positive hourly studies are supportive for possible break higher, however, appearance of Doji candle, may question current rally, as 4h chart outlook still lacks direction and sees risk of further congestion between 1.6000 and 1.6100. From the other side, break above 1.6100 and Fib 61.8% of 1.6216/1.5975 at 1.6124, would confirm near-term bulls and open way for possible extension towards the next significant barriers at 1.6200 zone.

Res: 1.6090, 1.6100, 1.6124, 1.6150
Sup: 1.6059, 1.6042, 1.6020, 1.6000

USD/JPY

Positive sentiment, established on a bounce from 78.00 base, approaches important barrier at 79.00, round figure resistance / daily Ichimoku cloud top, break of which is required to open 79.21/37, 19 Sep high / 200 day MA and confirm near-term base on a break. Positive tone dominates on near-term studies, however, overbought hourly conditions signal corrective action preceding fresh strength. Dips should be ideally contained at 78.50 zone, otherwise, further easing towards 78.30, strong support, would put near-term bulls on hold.

Res: 78.92, 79.00, 79.21, 79.37
Sup: 78.62, 78.50, 78.30, 78.26

USD/CHF

The pair comes under increased pressure, as recovery attempt from 0.9304, last Friday’s low, stalls at 0.9370, leaving a double-top top, ahead of fresh weakness. Brief break below psychological 0.9300 support, increases risk of slide through 0.9273, 05 Oct low, to focus key near-term support at 0.9237, 14 Sep low and confirm daily double-top pattern at 0.9430 zone that will signal further extension of larger downtrend from 0.9970.

Res: 0.9342, 0.9370, 0.9400, 0.9430
Sup: 0.9293, 0.9273, 0.9237, 0.9200

 

[WindsorBrokers]

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

EUR/USD

The Euro returns to strength after finding ground at 1.2900 zone yesterday, with psychological 1.3000 barrier, coming under pressure. However, sideways consolidation still keeps the price within 1.2800/1.3070 range, as yesterday’s Doji candle signals lack of direction. Break above cluster of barriers at 1.3000; 1.3025, trendline resistance and upper range boundary at 1.3070, is required to turn focus higher, otherwise, upside rejection would risk slide towards 1.2930, trendline support and 1.2900 higher low, with return towards strong 1.2820/00 support not ruled out on break lower. Hourly structure remains positive, while 4h chart indicators start to point higher, with lift above initial 1.3000/25 required to confirm near-term bullish stance.

Res: 1.3000, 1.3025, 1.3047, 1.3070
Sup: 1.2952, 1.2930, 1.2900, 1.2890

GBP/USD

Cable’s fresh strength off 1.6020 higher base, approaches pivotal 1.6100 point, as a part of larger recovery from 1.5975, 10 Oct low. Positive hourly studies are supportive for possible break higher, however, appearance of Doji candle, may question current rally, as 4h chart outlook still lacks direction and sees risk of further congestion between 1.6000 and 1.6100. From the other side, break above 1.6100 and Fib 61.8% of 1.6216/1.5975 at 1.6124, would confirm near-term bulls and open way for possible extension towards the next significant barriers at 1.6200 zone.

Res: 1.6090, 1.6100, 1.6124, 1.6150
Sup: 1.6059, 1.6042, 1.6020, 1.6000

USD/JPY

Positive sentiment, established on a bounce from 78.00 base, approaches important barrier at 79.00, round figure resistance / daily Ichimoku cloud top, break of which is required to open 79.21/37, 19 Sep high / 200 day MA and confirm near-term base on a break. Positive tone dominates on near-term studies, however, overbought hourly conditions signal corrective action preceding fresh strength. Dips should be ideally contained at 78.50 zone, otherwise, further easing towards 78.30, strong support, would put near-term bulls on hold.

Res: 78.92, 79.00, 79.21, 79.37
Sup: 78.62, 78.50, 78.30, 78.26

USD/CHF

The pair comes under increased pressure, as recovery attempt from 0.9304, last Friday’s low, stalls at 0.9370, leaving a double-top top, ahead of fresh weakness. Brief break below psychological 0.9300 support, increases risk of slide through 0.9273, 05 Oct low, to focus key near-term support at 0.9237, 14 Sep low and confirm daily double-top pattern at 0.9430 zone that will signal further extension of larger downtrend from 0.9970.

Res: 0.9342, 0.9370, 0.9400, 0.9430
Sup: 0.9293, 0.9273, 0.9237, 0.9200

 

[WindsorBrokers]

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

EUR/USD

The Euro extends its latest upleg from 1.2900, as penetration through initial 1.3000 barrier triggered fresh strength that cleared 1.3070, 05 Oct high and figure resistance at 1.3100. Immediate focus now turns towards September’s double-top at 1.3170, break of which to confirm higher base and double-bottom at 1.2800 zone and signal resumption of broader uptrend from 1.2042, 24 July low, towards psychological 1.3200 barrier. Near-term bullish structure remains intact, however, corrective pullback on overbought hourlies cannot be ruled out. Immediate supports lie atb1.3085/60 zone, ahead of 1.3030 and 1.3000 that should contain any stronger dips.

Res: 1.3122, 1.3170, 1.3180, 1.3200
Sup: 1.3085, 1.3060, 1.3030, 1.3014

GBP/USD

Cable’s rallied through important 1.6100/24 barriers, bringing near-term bulls that were interrupted by 1.6100/1.6020 pullback, back to play. Clearance of Fibonacci barrier at 1.6124 now opens way towards trendline resistance at 1.6175 and Fib 61.8% of 1.6308/1.5975, break of which to focus more significant 1.6200/16 zone, round figure resistance / 05 Oct lower top. Positive near-term structure supports the notion, with immediate support at 1.6100, reinforced by 55 day EMA.

Res: 1.6140, 1.6175, 1.6180, 1.6200
Sup: 1.6115, 1.6100, 1.6090, 1.6059

USD/JPY

The pair falls to approx 38.2% of 77.94/78.96 rally, following failure to clear important 79.00 barrier and reversal being signaled by hourly MACD bearish divergence. Hourly studies moved into negative territory, but overall bullish structure remains intact for now. However, break above 79.00 is required to resume rally for test of key barriers at 79.21/37, 19 Sep high / 200 day MA. Conversely, slide below78.60 breakpoint would sideline near-term bulls and allow for stronger correction towards 78.45 and 78.30/25, Fib 61.8% / higher platform.

Res: 78.90, 79.00, 79.21, 79.37
Sup: 78.60, 78.45, 78.30, 78.26

USD/CHF

Bears remain fully in play, as the price slides below key near-term support at 0.9237, with fresh extension lower confirming double-top pattern and opening way for further bearish action. Psychological support at 0.9200 comes under pressure, with brief consolidation on overextended hourly studies seen so far. Gains stay limited at previous low and 20 day EMA, with any stronger bounce expected to be capped at 0.9273, previous low / Fib 38.2% of 0.9370/0.9214 slide. Only break above 0.9300 would provide relief. On the downside, break below 0.9200 would risk full retracement of 0.9041/0.9970 ascend in the near-term.

Res: 0.9246, 0.9273, 0.9292, 0.9310
Sup: 0.9214, 0.9200, 0.9113, 0.9100

 

[WindsorBrokers]

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

EUR/USD

The single currency maintains positive tone off 1.2800 zone double-bottom, as breach of 1.3070/1.3100 barriers keeps focus at key resistances at 1.3150, long-term bear-trendline off 1.4938 and 1.3170, 17 Sep high and double-Fibonacci barrier. Further hesitation is not ruled out, as the pair already underwent corrective easing from 1.3138 that was contained at 1.3100 zone for now and deeper dips would risk extension towards 1.3000/1.2975, approx 50% of entire rally. Clear break above 1.3170 would attract 1.3282/1.3300 initially.

Res: 1.3138, 1.3170, 1.3180, 1.3200
Sup: 1.3100, 1.3085, 1.3060, 1.3020

GBP/USD

The near-term uptrend remains in play, as the pair extends gains to test 1.6180, trendline resistance and Fib 61.8% of 1.6216/1.5975 downleg, where gains stalled. Subsequent pullback has so far found footstep at 55 day EMA at 1.6120 zone. Near-term focus remains at the upside barriers, with penetration through 1.6180, expected to open 1.6200/16 and confirm base at 1.5975. Any further easing would face supports at 1.6100/1.6050, Fibonacci support, while extension below 1.6020 would revive larger picture bears.

Res: 1.6180, 1.6200, 1.6216, 1.6271
Sup: 1.6120, 1.6100, 1.6075, 1.6050

USD/JPY

The price surges through 79.00 barrier after leaving a double-bottom at 78.60 zone, to approach initial barrier at 79.21, 19 Sep high and 79.37, 200 day MA. Overall bulls keep the break higher in focus, as the break higher would introduce 79.65 and 80.00 barriers, however, gains may be interrupted, as overextended hourly studies suggest corrective action. Initial support lies at 79.00, while any further extension should be contained at/above 78.60, also near 50% of 77.94/79.19 rally, to keep bullish structure intact.

Res: 79.21, 79.37, 79.65, 80.00
Sup: 79.00, 78.89, 78.60, 78.45

USD/CHF

The pair continues to move sideways, consolidating recent losses that tested psychological 0.9200 support. Overall bears see scope for full retracement of 0.9042/0.9970 rally on a break below 0.9200, as larger picture outlook maintains bears and completion of double-top pattern keeps the downside favored. However, overextended studies on 4h chart and hourlies already moving upward, see potential for stronger corrective action that would precede fresh bears. Previous supports at 0.9237/73, now offer initial resistance, while violation of 0.9300 zone, near Fib 61.8% of 0.9370/0.9213, would ease bear-pressure.

Res: 0.9246, 0.9273, 0.9292, 0.9310
Sup: 0.9214, 0.9200, 0.9113, 0.9100

 

[WindsorBrokers]

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

EUR/USD

The single currency maintains positive tone off 1.2800 zone double-bottom, as breach of 1.3070/1.3100 barriers keeps focus at key resistances at 1.3150, long-term bear-trendline off 1.4938 and 1.3170, 17 Sep high and double-Fibonacci barrier. Further hesitation is not ruled out, as the pair already underwent corrective easing from 1.3138 that was contained at 1.3100 zone for now and deeper dips would risk extension towards 1.3000/1.2975, approx 50% of entire rally. Clear break above 1.3170 would attract 1.3282/1.3300 initially.

Res: 1.3138, 1.3170, 1.3180, 1.3200
Sup: 1.3100, 1.3085, 1.3060, 1.3020

GBP/USD

The near-term uptrend remains in play, as the pair extends gains to test 1.6180, trendline resistance and Fib 61.8% of 1.6216/1.5975 downleg, where gains stalled. Subsequent pullback has so far found footstep at 55 day EMA at 1.6120 zone. Near-term focus remains at the upside barriers, with penetration through 1.6180, expected to open 1.6200/16 and confirm base at 1.5975. Any further easing would face supports at 1.6100/1.6050, Fibonacci support, while extension below 1.6020 would revive larger picture bears.

Res: 1.6180, 1.6200, 1.6216, 1.6271
Sup: 1.6120, 1.6100, 1.6075, 1.6050

USD/JPY

The price surges through 79.00 barrier after leaving a double-bottom at 78.60 zone, to approach initial barrier at 79.21, 19 Sep high and 79.37, 200 day MA. Overall bulls keep the break higher in focus, as the break higher would introduce 79.65 and 80.00 barriers, however, gains may be interrupted, as overextended hourly studies suggest corrective action. Initial support lies at 79.00, while any further extension should be contained at/above 78.60, also near 50% of 77.94/79.19 rally, to keep bullish structure intact.

Res: 79.21, 79.37, 79.65, 80.00
Sup: 79.00, 78.89, 78.60, 78.45

USD/CHF

The pair continues to move sideways, consolidating recent losses that tested psychological 0.9200 support. Overall bears see scope for full retracement of 0.9042/0.9970 rally on a break below 0.9200, as larger picture outlook maintains bears and completion of double-top pattern keeps the downside favored. However, overextended studies on 4h chart and hourlies already moving upward, see potential for stronger corrective action that would precede fresh bears. Previous supports at 0.9237/73, now offer initial resistance, while violation of 0.9300 zone, near Fib 61.8% of 0.9370/0.9213, would ease bear-pressure.

Res: 0.9246, 0.9273, 0.9292, 0.9310
Sup: 0.9214, 0.9200, 0.9113, 0.9100

 

[WindsorBrokers]

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

EUR/USD

The Euro starts the week in a positive mode, recovering a part of losses of a pullback from 1.3138 that found ground at 1.3012. Weekly closure above psychological 1.3000 support keeps overall positive tone. Hourly MACD is approaching the midline, with strong bullish momentum evident, but 4h chart studies are losing traction, as price struggles to clear 20 day EMA at 1.3050. Unless minimum 1.3075, 50% of 1.3138/1.3012 is regained, downside would remain vulnerable, with near-term risk seen on a break below 1.3000, also 55 day EMA that would signal further easing and possibly expose 1.2900 zone. Conversely, strength above 1.3075/1.3100, to open initial 1.3138 barrier, ahead of key one at 1.3170, also near-term range top.

Res: 1.3076, 1.3100, 1.3138, 1.3170
Sup: 1.3010, 1.3000, 1.2990, 1.2970

GBP/USD

Near-term structure remains negative, as the pair suffered heavy losses last week, following upside rejection at 1.6178, trendline resistance, with subsequent sharp fall nearly fully retracing 1.5974/1.6178 recovery rally at 1.5989, overnight’s low. Bounce higher is so far seen corrective, as hourly and 4h studies remain in the negative territory. Extension above 1.6060, last Friday’s highs / Fib 38.2% of 1.6178//1.5989, would provide temporary relief, however, break above 1.6150, trendline resistance and 1.6178, previous top, is required to confirm double-bottom and allow for stronger recovery of broader 1.6308/1.5275 downtrend. Continuation of the downtrend is seen on a break below 1.5974 that will expose another significant support at 1.5900 zone.

Res: 1.6040, 1.6060, 1.6066, 1.6083
Sup: 1.5989, 1.5975, 1.5958, 1.5910

USD/JPY

The week starts with fresh strength, as the price closed above 79.00 support, with rally through 200 day MA / previous high at 79.40/45, now heading towards 80.00, psychological barrier, as interim resistance at 79.65 is penetrated. Positive tone dominates on both, 1 and 4h charts, however, hourly RSI already in overbought zone and overextended 4h chart indicators, suggest that corrective pullback may precede fresh rally, with no clear reversal signal generated yet.

Res: 79.94, 80.00, 80.09, 80.61
Sup: 79.45, 79.40, 79.21, 79.21

USD/CHF

Hourly studies weakened, as the price slides lower, following reversal from 0.9288, peak of recovery rally from 0.9214, 17/18 Oct lows. More negative structure is seen on 4h chart studies, with 55 day EMA capping and price sliding bellow 20 day EMA that increases risk of re-visiting 0.9214 support, loss of which to signal a resumption of broader downtrend from 0.9970, as formation of double-top at 0.9400 zone signal further downside extension.

Res: 0.9288, 0.9292, 0.9310, 0.9350
Sup: 0.9254, 0.9240, 0.9214, 0.9200

 

[WindsorBrokers]

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

EUR/USD

The Euro starts the week in a positive mode, recovering a part of losses of a pullback from 1.3138 that found ground at 1.3012. Weekly closure above psychological 1.3000 support keeps overall positive tone. Hourly MACD is approaching the midline, with strong bullish momentum evident, but 4h chart studies are losing traction, as price struggles to clear 20 day EMA at 1.3050. Unless minimum 1.3075, 50% of 1.3138/1.3012 is regained, downside would remain vulnerable, with near-term risk seen on a break below 1.3000, also 55 day EMA that would signal further easing and possibly expose 1.2900 zone. Conversely, strength above 1.3075/1.3100, to open initial 1.3138 barrier, ahead of key one at 1.3170, also near-term range top.

Res: 1.3076, 1.3100, 1.3138, 1.3170
Sup: 1.3010, 1.3000, 1.2990, 1.2970

GBP/USD

Near-term structure remains negative, as the pair suffered heavy losses last week, following upside rejection at 1.6178, trendline resistance, with subsequent sharp fall nearly fully retracing 1.5974/1.6178 recovery rally at 1.5989, overnight’s low. Bounce higher is so far seen corrective, as hourly and 4h studies remain in the negative territory. Extension above 1.6060, last Friday’s highs / Fib 38.2% of 1.6178//1.5989, would provide temporary relief, however, break above 1.6150, trendline resistance and 1.6178, previous top, is required to confirm double-bottom and allow for stronger recovery of broader 1.6308/1.5275 downtrend. Continuation of the downtrend is seen on a break below 1.5974 that will expose another significant support at 1.5900 zone.

Res: 1.6040, 1.6060, 1.6066, 1.6083
Sup: 1.5989, 1.5975, 1.5958, 1.5910

USD/JPY

The week starts with fresh strength, as the price closed above 79.00 support, with rally through 200 day MA / previous high at 79.40/45, now heading towards 80.00, psychological barrier, as interim resistance at 79.65 is penetrated. Positive tone dominates on both, 1 and 4h charts, however, hourly RSI already in overbought zone and overextended 4h chart indicators, suggest that corrective pullback may precede fresh rally, with no clear reversal signal generated yet.

Res: 79.94, 80.00, 80.09, 80.61
Sup: 79.45, 79.40, 79.21, 79.21

USD/CHF

Hourly studies weakened, as the price slides lower, following reversal from 0.9288, peak of recovery rally from 0.9214, 17/18 Oct lows. More negative structure is seen on 4h chart studies, with 55 day EMA capping and price sliding bellow 20 day EMA that increases risk of re-visiting 0.9214 support, loss of which to signal a resumption of broader downtrend from 0.9970, as formation of double-top at 0.9400 zone signal further downside extension.

Res: 0.9288, 0.9292, 0.9310, 0.9350
Sup: 0.9254, 0.9240, 0.9214, 0.9200

 

[WindsorBrokers]

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

EUR/USD

Near-term price action moves in a choppy directionless mode, trading within 1.3000/70 range. Hourly studies show prevailing neutral tone, but loss of momentum may be a signal for revisiting range’s lower boundary, as the price slides below initial support at 1.3040. On 4h chart price breaks below 20 day EMA, with indicators turning lower. With upside being capped by previous high at 1.3070 and good support at 1.3000 zone, Fib 38.2% of 1.2802/1.3138 and 55 day EMA, keeping the downside protected for now, break of either side would give more clear picture of near-term direction. However, overall bulls off 1.2800 higher base and larger uptrend from 1.2042, remain intact for now, with clearance of 1.3138/70 barriers required to resume. Conversely, break below strong support at 1.2800, double-bottom / 200 day MA / main bear trendline off 1.2042, would significantly weaken the structure.

Res: 1.3076, 1.3100, 1.3138, 1.3170
Sup: 1.3023, 1.3012, 1.3000, 1.2990

GBP/USD

Cable’s near-term structure remains negative, as consolidation of the latest sharp fall stalled on approach to the initial resistance at 1.6065, 19 Oct high / Fib 38.2% of 1.6178/1.5989 downleg and subsequent easing struggling to hold above 1.6000 support. Hourly studies remain weak, as the price slides below 10/20 EMA’s, while more negative tone is shown on 4h chart, as indicators hold in the negative territory and price broke below 4h Ichimoku cloud and Tenkan-sen line. This keeps the downside favored in the near-term, also as a part of broader downtrend from 1.6308, with break below 1.6000/1.5975, seen as a trigger for fresh weakness towards 1.5900 zone, 23 Aug high / Fib 38.2% of 1.5267/1.6308 ascend.

Res: 1.6023, 1.6051, 1.6065, 1.6083
Sup: 1.6000, 1.5989, 1.5975, 1.5958

USD/JPY

The pair continues to trend higher, with clearance of last barrier at 79.65, resulted in test of our near-term target and psychological barrier at 80.00. Overall bullish tone keeps the upside favored, however, pause in current rally is likely, as hourly indicators emerge from overbought territory, while overextended 4h chart indicators started to point lower. Immediate supports lie at 79.65 and 79.45, previous highs, with significant support at 79.00, Fib 38.2% of 77.42/80.00, reinforced by ascending 55 day EMA, expected to contain any stronger reversal and keep near-term bulls in play. Upside clearance of 80.00/09, round figure / 05 July high , to open 80.65, 25 June peak / 50% of 84.17/77.12 descend, next.

Res: 80.00, 80.09, 80.65, 81.00
Sup: 79.78, 79.65, 79.45, 79.21

USD/CHF

Hourly studies are showing signs of improvement, as reversal from 0.9288, last Friday’s recovery high, find footstep at 0.9250 zone and fresh strength emerges from there. With fresh momentum on 4h chart and MACD attempting through the midline, immediate scope is seen for test of 0.9288, also 55 day EMA, break of which and 0.9300, Fib 38.2% of 0.9430/0.9213 / main bear-trendline, is required to resume near-term corrective action of the larger downmove from 0.9430 and expose important barriers at 0.9350/70. However, larger picture bears off 0.9970 remain fully in play and regain of minimum 0.9400 barrier would improve the structure.

Res: 0.9288, 0.9292, 0.9310, 0.9350
Sup: 0.9258, 0.9247, 0.9213, 0.9200

 

[WindsorBrokers]

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

EUR/USD

Near-term price action moves in a choppy directionless mode, trading within 1.3000/70 range. Hourly studies show prevailing neutral tone, but loss of momentum may be a signal for revisiting range’s lower boundary, as the price slides below initial support at 1.3040. On 4h chart price breaks below 20 day EMA, with indicators turning lower. With upside being capped by previous high at 1.3070 and good support at 1.3000 zone, Fib 38.2% of 1.2802/1.3138 and 55 day EMA, keeping the downside protected for now, break of either side would give more clear picture of near-term direction. However, overall bulls off 1.2800 higher base and larger uptrend from 1.2042, remain intact for now, with clearance of 1.3138/70 barriers required to resume. Conversely, break below strong support at 1.2800, double-bottom / 200 day MA / main bear trendline off 1.2042, would significantly weaken the structure.

Res: 1.3076, 1.3100, 1.3138, 1.3170
Sup: 1.3023, 1.3012, 1.3000, 1.2990

GBP/USD

Cable’s near-term structure remains negative, as consolidation of the latest sharp fall stalled on approach to the initial resistance at 1.6065, 19 Oct high / Fib 38.2% of 1.6178/1.5989 downleg and subsequent easing struggling to hold above 1.6000 support. Hourly studies remain weak, as the price slides below 10/20 EMA’s, while more negative tone is shown on 4h chart, as indicators hold in the negative territory and price broke below 4h Ichimoku cloud and Tenkan-sen line. This keeps the downside favored in the near-term, also as a part of broader downtrend from 1.6308, with break below 1.6000/1.5975, seen as a trigger for fresh weakness towards 1.5900 zone, 23 Aug high / Fib 38.2% of 1.5267/1.6308 ascend.

Res: 1.6023, 1.6051, 1.6065, 1.6083
Sup: 1.6000, 1.5989, 1.5975, 1.5958

USD/JPY

The pair continues to trend higher, with clearance of last barrier at 79.65, resulted in test of our near-term target and psychological barrier at 80.00. Overall bullish tone keeps the upside favored, however, pause in current rally is likely, as hourly indicators emerge from overbought territory, while overextended 4h chart indicators started to point lower. Immediate supports lie at 79.65 and 79.45, previous highs, with significant support at 79.00, Fib 38.2% of 77.42/80.00, reinforced by ascending 55 day EMA, expected to contain any stronger reversal and keep near-term bulls in play. Upside clearance of 80.00/09, round figure / 05 July high , to open 80.65, 25 June peak / 50% of 84.17/77.12 descend, next.

Res: 80.00, 80.09, 80.65, 81.00
Sup: 79.78, 79.65, 79.45, 79.21

USD/CHF

Hourly studies are showing signs of improvement, as reversal from 0.9288, last Friday’s recovery high, find footstep at 0.9250 zone and fresh strength emerges from there. With fresh momentum on 4h chart and MACD attempting through the midline, immediate scope is seen for test of 0.9288, also 55 day EMA, break of which and 0.9300, Fib 38.2% of 0.9430/0.9213 / main bear-trendline, is required to resume near-term corrective action of the larger downmove from 0.9430 and expose important barriers at 0.9350/70. However, larger picture bears off 0.9970 remain fully in play and regain of minimum 0.9400 barrier would improve the structure.

Res: 0.9288, 0.9292, 0.9310, 0.9350
Sup: 0.9258, 0.9247, 0.9213, 0.9200

 

[WindsorBrokers]

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

EUR/USD

The Euro extended near-term weakness off 1.3138, unable to hold 1.3000 handle, to find footstep at 1.2950. Prevailing negative tone on 4h chart still sees the downside vulnerable, despite the current bounce to 1.3000, initial barrier. However, fresh momentum on hourly chart, sees potential for further recovery, with clearance of 1.3000/20 zone, 55 day EMA / Fib 38.2% of 1.3138/1.2951, required to revive bulls for possible test 1.3070 breakpoint. Alternative scenario includes fresh weakness through 1.2951, yesterday’s low and 1.2930, bull trendline, connecting 1.2500 and 1.2825, to expose psychological 1.2900 support. Larger picture uptrend from 1.2042, remain intact for now, with risk seen on violation of 1.2870, main bull trendline and 1.2800 base.

Res: 1.3000, 1.3013, 1.3022, 1.3045
Sup: 1.2973, 1.2951, 1.2930, 1.2900

GBP/USD

Fresh bearish extension under important 1.6000/1.5975 supports weakened daily structure, as indicators broke below their midlines. As a result, initial support at 1.5910, Fib 38.2% of 1.5267/1.6308 ascend, has been tested so far, with further extension below 1.5900, figure support, to focus 1.5825, 200 day MA / 05 Sep low. Corrective bounce on oversold hourly and 4h studies, faces good barriers at 1.6000 and 1.6050 zone, with only break above the latter to ease immediate bear pressure.

Res: 1.6000, 1.6023, 1.6050, 1.6065
Sup: 1.5935, 1.5911, 1.5900, 1.5850

USD/JPY

Near-term price action moves in a consolidative sideways mode, within narrow 79.70/80.00 range. Further correction, however, is not ruled out, as hourly indicators are at the centrelines, while 4h chart ones are emerging out of overbought zone. Any stronger reversal should ideally been contained at 79.50 zone, but further extension lower, needs to hold above 79.00, Fib 38.2% of 77.42/80.00, to maintain near-term bullish tone. Clearance of 80.00 to open 80.09 and 80.65, 50% of 84.17/77.12 downmove.

Res: 80.00, 80.09, 80.65, 81.00
Sup: 79.70, 79.65, 79.45, 79.21

USD/CHF

Near-term structure improves, as the price surges through 0.9300, psychological and trendline resistance, also Fib 38.2% of 0.9430/0.9213 downleg, to test 0.9340, 15 Oct intraday high and between 50% and 61.8% retracement. Consolidation at this zone is seen on overbought hourly conditions, with 4h chart studies showing more room for further correction. Regain of 0.9350, Fib 61.8% and more significant 0.9387, 200 day MA, is required to confirm bulls for possible re-visiting of strong 0.9400/30 resistance zone. However, broader downtrend will remain intact and risk fresh lower top in case of upside failure under 0.9400 zone.

Res: 0.9342, 0.9350, 0.9370, 0.9400
Sup: 0.9312, 0.9300, 0.9288, 0.9247

 

[WindsorBrokers]

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

EUR/USD

The Euro failed to sustain recovery that was capped by falling20 day EMA at 1.3020 and subsequent weakness through 1.3000 and 1.2950, trendline support (1.2500/1.2825), retested near-term base at 1.2920. Weak near-term studies see risk of slide through 1.2920/00 support, to expose 1.2870, main bull trendline off 1.2042 and possibly open 1.2825/20 base / 200 day MA for test. Broken bull-trendline at 1.2955, offers initial resistance, ahead of psychological 1.3000 and yesterday’s high at 1.3020, break of which would provide relief.

Res: 1.2955, 1.2970, 1.3000, 1.3020
Sup: 1.2915, 1.2900, 1.2891, 1.2870

GBP/USD

Strong two-day rally off 1.5911, 23 Oct low, has retraced nearly 61.8% of 1.6308/1.5911 downleg, hitting 1.6142 high so far, unable to break above main bear-trendline drawn off 1.6308. However, break and daily close above psychological 1.6100 level keeps positive tone in play for possible extension towards 1.6178, 17 Oct high and round figure resistance at 1.6200, next upside targets. Corrective easing off 1.6142, faces initial support at 1.6100 zone, with any extension lower, seen ideally contained at 1.6050 zone, Fib 38.2% of 1.5911/1.6142 and 55 day EMA.

Res: 1.6132, 1.6142, 1.6178, 1.6200
Sup: 1.6100, 1.6087, 1.6054, 1.6046

USD/JPY

Near-term structure weakens, as pullback off yesterday’s fresh high at 80.40, falls below psychological 80.00 support. Initial bullish momentum is waning, with immediate risk seen on break below 79.70 higher base, also 23.6% of 77.94/80.40 upleg and allow for deeper correction towards 79.44, 38.2% / 55 day EMA. However, holding above 79.70, would keep immediate bulls in play for renewed attempt through 80.40 and test of our initial target at 80.65, 50% of 84.17/77.12 descend.

Res: 80.00, 80.40, 80.65, 81.00
Sup: 79.70, 79.44, 79.15, 79.00

USD/CHF

Penetration of recent peak at 0.9360, renews hopes of fresh bullish extension, after the price found support at 0.9289 yesterday. Clear break here to expose immediate upside targets at 0.9370, 15 Oct high and 0.9387, 200 day MA and open way towards key near-term barriers at 0.9430/36 double-top. Overnight’s low at 0.9338, offers initial support, while violation of 0.9300/0.9289 support zone, would revive bears.


Res: 0.9370, 0.9387, 0.9400, 0.9430
Sup: 0.9338, 0.9312, 0.9300, 0.9289