Short Term Technical Analysis for Majors

[WindsorBrokers]

Short Term Technical Analysis for Majors (09:45 GMT)

EUR/USD

Gains off yesterday’s 1.2294 higher low breached key 1.2445 high to extend corrective reversal. Market approached 1.2670 today, ahead of key 1.2738 level. Break here is needed to trigger a stronger bounce, while 1.2450 supports the advance. Loss of the latter, however, risks 1.2294 and 1.2142 on a break.

Res: 1.2597, 1.2670, 1.2685, 1.2738
Sup: 1.2450, 1.2390, 1.2330, 1.2294

GBP/USD

Continues to consolidate above 1.4230 low, with scope seen for further short-term strength, though, risk is for the formation of a bearish flag, ahead of relapse. Immediate resistance stands at 1.45/1.46 zone, and only regain of 1.5044/52 area to strengthen the outlook.

Res: 1.4497, 1.4517, 1.4547, 1.4579
Sup: 1.4349, 1.4326, 1.4294, 1.4230

USD/JPY

Accelerated losses after forming a double top at 93.53/64, to reach 88.95 low yesterday. Bounce on oversold hourly studies is now under way, with 90.47 offering immediate cap, ahead of 90.93. Downside, loss of 88.95 opens 88.25, key longer-term trendline support.

Res: 90.47, 90.93, 91.43, 91.86
Sup: 88.95, 88.25, 87.96, 87.75

USD/CHF

Structure remains solid as the market climbs to challenge a long-term falling trendline at 1.1785, with 1.1584 seen so far. 1.1417, lower spike rejection of 19 May, now underpins immediate advance. Clearance of 1.1584 will open 1.1677 next.

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

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (11:00 GMT)

EUR/USD

Correction off 1.2142, 19 May yearly low, stalled at 1.2671, just above 50% retracement of 1.3093/1.2142 downleg on Friday, ahead of reversal. Today’s loss of 1.2469/55 supports and break of trendline support, now confirms the lower ceiling at 1.2599 and turns focus to 1.2294 initially. Break here would expose 1.2257 and possible full retracement of the 1.2142/1.2671 ascend, on a break. Upside, regain of 1.2597 provides relief, but sustained break above 1.2671 would resume recovery.

Res: 1.2479, 1.2527, 1.2597, 1.2671
Sup: 1.2336, 1.2294, 1.2257, 1.2228

GBP/USD

The pair is potentially in the final phase of a correction off the recent 1.4250 low, posted on 17 May. Scope is now seen for a lower high to form, ahead of fresh weakness. Break below 1.4250/30 support zone, would confirm negative medium-term bias and open way towards 1.3500 zone.

Res: 1.4527, 1.4547, 1.4579, 1.4640
Sup: 1.4361, 1.4316, 1.4294, 1.4250

USD/JPY

Remains in corrective/consolidative mode off 88.95, 20 May low, ahead of fresh weakness. Break below 89.50, trendline support, and 88.95, will signal next push lower to test 88.35, trendline off 84.80, Nov 09 key low. Upside, 90.93, 50% retrace of 92.95/88.95 decline, is expected to cap.

Res: 90.47, 90.93, 91.41, 91.86
Sup: 89.50, 89.21, 88.95, 88.35

USD/CHF

Structure remains solid as the market climbs to challenge a long-term falling trendline at 1.1785. Current push above last weeks 1.1584 high now opening up 1.1675 next. Only below 1.1449/17 would risk a stronger correction towards 1.1266.


Res: 1.1605, 1.1675, 1.1700, 1.1742
Sup: 1.1511, 1.1449, 1.1417, 1.1402

 

[WindsorBrokers]

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

EUR/USD

Correction off 1.2142, 19 May yearly low, stalled at 1.2671, just above 50% retracement of 1.3093/1.2142 downleg on Friday, ahead of reversal. Losses of 1.2469/55 support zone and break of trendline support, confirmed weakness that is currently breaking through 1.2228 support. This now opens 1.2142/34, 19 May low / 50% retracement of the long-term 0.8225/1.6039 ascend. Immediate cap now stands at 1.2415.

Res: 1.2479, 1.2527, 1.2597, 1.2671
Sup: 1.2200, 1.2142, 1.2134, 1.2115

GBP/USD

Upside rejection at 1.4527 seen yesterday, may signal the end of the corrective phase off the recent 1.4230/50 lows. The recent break under 1.4351 support sparks further weakness, currently breaking through 1.4300, to attempt at 1.4230 and lower, to reach fresh yearly lows. Only regain of 1.4527 will improve the outlook.

Res: 1.4422, 1.4462, 1.4500, 1.4527
Sup: 1.4250, 1.4230, 1.4200, 1.4155

USD/JPY

Is attempting to complete a 3 day negative continuation formation, as recovery off 88.95 failed at 90.60 yesterday. This may signal a fresh decline to 89.21/88.95 ahead of 88.35, trendline off Nov 2009 low. Potential break here risks a significant medium-term weakness. Only break above 90.31/60 would neutralize immediate bears.

Res: 90.31, 90.60, 90.93, 91.53
Sup: 89.53, 89.21, 88.95, 88.35

USD/CHF

Structure remains solid as the market climbs to challenge a long-term falling trendline at 1.1785. Current push above last weeks 1.1584 high now opening up 1.1675/1.1725, with 1.1641 been reached so far. Only below 1.1449/17 would risk a stronger correction towards 1.1266.


Res: 1.1641, 1.1675, 1.1700, 1.1725
Sup: 1.1550, 1.1511, 1.1449, 1.1417

 

[WindsorBrokers]

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

EUR/USD

Continues to trend lower, following an upside rejection of the recovery attempt off 1.2142, at 1.2671 on 21 May. Break of series of supports and the latest fall under 1.2200 level, now exposes 1.2142/34 19 May low / 50% retracement of the long-term 0.8225/1.6039 ascend. 1.2415 caps for now.

Res: 1.2295, 1.2323, 1.2355, 1.2415
Sup: 1.2142, 1.2134, 1.2115, 1.2100

GBP/USD

Upside rejection at 1.4527 seen yesterday, may signal the end of the corrective phase off the recent 1.4230/50 lows. The recent break under 1.4351 support sparked fresh weakness, reaching 1.4257 so far. Corrective bounce is now under way, ahead of fresh attempt at 1.4230 and lower, to create fresh yearly lows. Only regain of 1.4527 will improve the outlook.

Res: 1.4422, 1.4462, 1.4500, 1.4527
Sup: 1.4250, 1.4230, 1.4200, 1.4155

USD/JPY

Completed a 3 day negative continuation formation that now signals a fresh decline to 89.21/88.95 ahead of 88.35, trendline off Nov 2009 low. Potential break here risks a significant medium-term weakness. Only break above 90.31/60 would neutralize immediate bears.

Res: 89.92, 90.31, 90.60, 90.93
Sup: 89.21, 88.95, 88.35, 87.95

USD/CHF

Structure remains solid as the market climbs to challenge a long-term falling trendline at 1.1785. Current push above last weeks 1.1584 high now has cleared 1.1675, opening way towards 1.1785, key trendline resistance. 1.1550 offers initial support and break below here would delay bulls.


Res: 1.1700, 1.1725, 1.1742, 1.1785
Sup: 1.1580, 1.1550, 1.1511, 1.1449

 

[WindsorBrokers]

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

EUR/USD

Maintains negative tone, as bounce off 1.2176, yesterday’s low, stalled at 1.2386, just ahead of pivotal 1.2415 level. If lower top at 1.2386 confirmed, fresh weakness is likely, and below 1.2176 to focus key 1.2142/34 supports. Potential loss here may open a significant weakness short-term, to target 1.1823, Feb 2006 low. Only break above 1.2415 to provide relief.

Res: 1.2386, 1.2415, 1.2445, 1.2480
Sup: 1.2261, 1.2176, 1.2142, 1.2134

GBP/USD

Remains in a consolidative mode within 1.2430/1.4527 range. Fresh weakness is now likely, with loss of 1.4230 to focus 1.3500 zone medium-term. Upside, break above 1.4527 is needed to improve the outlook.

Res: 1.4446, 1.4462, 1.4500, 1.4527
Sup: 1.4329, 1.4304, 1.4257, 1.4230

USD/JPY

Corrective attempt from 88.95 remains so far capped by 90.60, with the latest bounce off 89.21 attempting to leave a lower top, ahead of fresh weakness. Break below 89.21 opens 88.95, ahead of key trendline support at 88.35. Break above 90.60/93 delays immediate bears and open way for stronger recovery.

Res: 90.60, 90.77, 90.93, 91.10
Sup: 89.75, 89.21, 88.95, 88.35

USD/CHF

Corrects lower after reaching a series of yearly highs, with the latest at 1.1694 posted yesterday. Positive structure remains intact while 1.1511 spike low holds, and fresh gains through 1.1694 to target 1.1785, trendline resistance. Below 1.1511, however, allows stronger pullback and opens 1.1449 instead.


Res: 1.1622, 1.1694, 1.1725, 1.1742
Sup: 1.1550, 1.1511, 1.1449, 1.1417

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:30 GMT)

EUR/USD

Dipped under 1.2176 to reach 1.2153 low yesterday, ahead of fresh recovery attempt. Structure, however, remains negative while 1.2342/86 caps and lower top below the latter would signal fresh weakness, to target 1.2142/34 zone. Break above 1.2386 would delay for 1.2415/45 initially.

Res: 1.2386, 1.2415, 1.2445, 1.2480
Sup: 1.2153, 1.2142, 1.2134, 1.2100

GBP/USD

A corrective phase from 1.4230 yearly low remains supported by 1.4257 higher low but break above 1.4546 is needed to stage recovery towards 1.4639, 14 May high/near 50% retracement of 1.5052/1.4230 decline. Failure under 1.4546, however, delays.

Res: 1.4546, 1.4604, 1.4639, 1.4702
Sup: 1.4365, 1.4329, 1.4304, 1.4257

USD/JPY

Corrective attempt from 88.95 stalled at 90.66 yesterday, with the latest bounce off 89.21 attempting to leave a lower top, ahead of fresh weakness. Break below 89.45, trendline support, opens 88.95, ahead of key trendline drawn off 84.80, at 88.35. Break above 90.66/93 delays immediate bears and open way for stronger recovery.

Res: 90.66, 90.77, 90.93, 91.06
Sup: 89.75, 89.45, 89.21, 88.95

USD/CHF

Corrects lower after reaching a series of yearly highs, with 1.1694 reached so far. Positive structure remains intact while 1.1511 spike low holds, and fresh gains through 1.1694 to target 1.1785 trendline resistance. Below 1.1511, however, allows stronger pullback and opens 1.1449 instead.


Res: 1.1622, 1.1694, 1.1725, 1.1742
Sup: 1.1511, 1.1449, 1.1417, 1.1402

 

[WindsorBrokers]

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

EUR/USD

Dipped under 1.2176 to reach 1.2153 low yesterday, ahead of fresh recovery attempt. Structure, however, remains negative while 1.2342/86 caps and lower top below the latter would signal fresh weakness, to target 1.2142/34 zone. Break above 1.2386 would delay for 1.2415/45 initially.

Res: 1.2343, 1.2386, 1.2415, 1.2445
Sup: 1.2153, 1.2142, 1.2134, 1.2100

GBP/USD

Extended bounce off 1.4257 higher low, clearing 1.4546 resistance, to reach 1.4584, ahead of sharp reversal. Current attempt at 1.4418, trendline support, warns of fresh weakness on a break. 1.4365/29 seen next, with possible extension towards 1.4257 no ruled out. To avoid immediate bear pressure, minimum of 1.4525 must be regained, and clearance of 1.4584/1.4604 to resume bulls.

Res: 1.4584, 1.4604, 1.4639, 1.4702
Sup: 1.4401, 1.4365, 1.4329, 1.4304

USD/JPY

Bounce off 89.21, 25 May low, currently breaks through 90.66, yesterday’s high, ahead of key 200 day MA at 91.06, break of which would resume recovery. Failure to do so risks the test 89.45, trendline drawn off 06 May, where a break opens 88.95.

Res: 90.93, 91.06, 91.30, 91.46
Sup: 89.75, 89.45, 89.21, 88.95

USD/CHF

Fresh strength off today's 1.1501 low reclaimed 1.1622 resistance, reopening 1.1694, yearly high, posted on 25 May. Break above here challenges a long-term falling trendline at 1.1785. Loss of 1.1501 would delay for 1.1449 key support.

Res: 1.1694, 1.1725, 1.1742, 1.1785
Sup: 1.1575, 1.1530, 1.1501, 1.1449

 

[WindsorBrokers]

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

EUR/USD

Attempts to build a recovery phase off 1.2142/53, 19/27 May double bottom, but only breakout of 1.2671, 21 May swing high, completes the bullish pattern. Until then, 1.2415/80 may obstruct gains for a lower top.

Res: 1.2394, 1.2415, 1.2445, 1.2480
Sup: 1.2280, 1.2242, 1.2203, 1.2153

GBP/USD

Recovery off 1.4230/57 was capped by 1.4606 yesterday, with reversal underway. Short-term bulls remain intact while trendline support, currently at 1.4462 holds. Otherwise, stronger correction into 1.4401/1.4365 is likely. Upside, clearance of 1.4606/39 is needed to open way for key 1.4719, break of which would resume recovery.

Res: 1.4606, 1.4639, 1.4702, 1.4719
Sup: 1.4462, 1.4447, 1.4401, 1.4365

USD/JPY

Firmed off 89.80 higher low, breaking through key 90.66/63 resistances. This firms the short-term recovery structure off 88.95 for gains towards 91.88, possibly 92.14 on a break. Reversal below 90.66/20 ends recovery and risks 89.91/58 instead.

Res: 91.54, 91.86, 92.14, 92.42
Sup: 90.66, 90.19, 89.91, 89.80

USD/CHF

Shallow correction from 1.1694, 25 May yearly high, precedes a likely push higher to challenge 1.1785, trendline drawn off Feb 2006 high. Support at 1.1449 now keeps immediate bulls in play, with break above 1.1655 needed to confirm fresh swing higher.

Res: 1.1655, 1.1694, 1.1725, 1.1742
Sup: 1.1481, 1.1449, 1.1417, 1.1402

 

[WindsorBrokers]

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

EUR/USD
Retains negative structure while holding below 1.2671, 21 May lower top. The latest push higher off 1.2153 stalled at 1.2451 on Friday, with subsequent pullback extending losses under 1.2281 support and neutralizing near-term recovery attempt. Focus is now at 1.2259, break of which opens 1.2202/1.2153, ahead of key support zone at 1.2142/34. Back above 1.2451 to revive recovery.

Res: 1.2381, 1.2393, 1.2451, 1.2480
Sup: 1.2259, 1.2202, 1.2153, 1.2142

GBP/USD
Recovery off 1.4230/57 stalled at renewed attempt at 1.4610 on Friday, ahead of reversal. Break through 1.4460, trendline support, has triggered decline to 1.4399 thus far. Higher low above 1.4257 is required to keep bulls in play, though, only clearance of 1.4610 would resume rally. Otherwise, stronger correction into 1.4365/1.4257 and final attempt through 1.4230 would be likely scenario.

Res: 1.4527, 1.4592, 1.4610, 1.4639
Sup: 1.4441, 1.4399, 1.4365, 1.4329

USD/JPY

Further retracement of 93.62/88.95 fall to 91.85, 61.8% retracement / 20 May high, is likely while trading above 90.58. Gains are temporary and recoil below 89.80/69, 27 May low / trendline support, would trigger fresh weakness towards 88.95.

Res: 91.61, 91.86, 92.14, 92.42
Sup: 90.58, 90.19, 89.91, 89.80

USD/CHF

Shallow correction from 1.1694, 25 May yearly high, precedes a likely push higher to challenge 1.1785, trendline drawn off Feb 2006 high. Support at 1.1479/49 now keeps immediate bulls in play, with break above 1.1655 needed to confirm fresh swing higher.

Res: 1.1623, 1.1655, 1.1694, 1.1725
Sup: 1.1522, 1.1479, 1.1449, 1.1417

 

[WindsorBrokers]

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

EUR/USD

Holding below 1.2451, 28 May spike high, confirms the bear structure as the market continues to consolidate above the key 1.2153/34 region. Break here is needed to trigger a fresh phase lower. Upside, 1.2334 caps for now. Only regain of 1.2451/80 firms.

Res: 1.2334, 1.2381, 1.2393, 1.2451
Sup: 1.2176, 1.2153, 1.2142, 1.2134

GBP/USD

Continues corrective / consolidative phase off 1.4230 annual low, with 1.4610 limiting the upside for now. 1.4399/65 offers immediate support for fresh attempt higher, and break above 1.4610 to open 1.4639/1.4701 next. Below 1.4365, however, to favor a possible return to 1.4257/30.

Res: 1.4547, 1.4592, 1.4610, 1.4639
Sup: 1.4437, 1.4399, 1.4365, 1.4329

USD/JPY

Maintains positive structure off 88.95/89.21, with 91.21 seen so far. Reversal is now under way, with immediate support standing at 90.58, and higher low above there is needed to resume recovery. Otherwise, break below 90.58 would extend correction and target next significant levels at 89.91/80.

Res: 91.61, 91.86, 92.14, 92.42
Sup: 90.58, 90.19, 89.91, 89.80

USD/CHF

Break up through 1.1592/1.1623 completes a bull flag that resumes underlying strength. Today's low at 1.1522 now underpins advance, through 1.1655/94, to target key 1.1774 trendline drawn off Feb 2006 high.

Res: 1.1655, 1.1694, 1.1725, 1.1742
Sup: 1.1522, 1.1479, 1.1449, 1.1417

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (14:15 GMT)

EUR/USD

Holding below 1.2451, 28 May spike high, confirms the bear structure. Market probed under key 1.2153/34 support, to hit fresh annual low at 1.2110 today. Further downside targets 1.1826 and 1.1640, 2006/2005 lows, respectively. For now, only regain of 1.2296/1.2334 would delay immediate bears.


Res: 1.2244, 1.2300, 1.2334, 1.2381
Sup: 1.2153, 1.2110, 1.1980, 1.1952

GBP/USD

Extends recovery off 1.4230 annual low, with 1.4610 being reached on 28 May, ahead of shallow correction. Fresh strength from 1.4399, yesterday’s higher low, has cleared 1.4610 barrier today, en-route to 1.4720/33 zone. 1.4437/1.4399 now underpins the advance.

Res: 1.4704, 1.4720, 1.4733, 1.4795
Sup: 1.4548, 1.4437, 1.4399, 1.4365

USD/JPY

Maintains positive structure off 88.95/89.21, with 91.21 seen so far. Reversal broke briefly under 90.58, to reach 90.53, ahead of rally. Immediate barrier now stands at 91.61 and break here is required to resume higher, otherwise, risk is seen of a lower top, ahead of possible retest of 90.53. However, only loss of the latter weakens the outlook.

Res: 91.61, 91.86, 92.14, 92.42
Sup: 90.53, 90.19, 89.91, 89.80

USD/CHF

Break up through 1.1592/1.1623 completes a bull flag that resumes underlying strength, to hit 1.1730, ahead of sharp reversal. Today's low at 1.1522 offers immediate support, and higher low above here is sought, ahead of fresh strength. Break below 1.1522, however, weakens and opens 1.1479/49 instead.

Res: 1.1655, 1.1694, 1.1730, 1.1742
Sup: 1.1522, 1.1479, 1.1449, 1.1417

 

[WindsorBrokers]

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

EUR/USD

Surged through 1.2153/34 key supports yesterday, to post fresh annual low at 1.2110, ahead of strong bounce to 1.2352. Reversal off here is now under way, with higher low required to maintain recovery, and clearance of 1.2352 to open 1.2451 next. Failure to do so, risks retest of 1.2110 and resumption of underlying bear-trend, to target 1.1823/1.1640, 2006/2005 lows, medium-term.

Res: 1.2244, 1.2300, 1.2334, 1.2381
Sup: 1.2153, 1.2110, 1.1980, 1.1952

GBP/USD

Extends rally off 1.4437, yesterday’s higher low, to retrace over 61.8% of 1.5044/1.4230 downleg, and reaching 1.4769 high today, just ahead of key 1.4780/1.4800 March lows. Break here is required to resume recovery. 1.4628 underpins for now and only loss here to trigger stronger reversal.

Res: 1.4769, 1.4780, 1.4797, 1.4916
Sup: 1.4644, 1.4625, 1.4610, 1.4548

USD/JPY

Left a higher low at 90.53 yesterday, ahead of fresh strength. Clearance of 91.61, previous high, has so far seen 91.77, with upside break of 91.83, 61.8% retracement of 93.63/88.95 decline, needed to resume recovery off 88.95, towards 92.14/94. Downside, 90.53 now underpins.

Res: 91.77, 91.83, 92.14, 92.42
Sup: 90.86, 90.53, 90.19, 89.91

USD/CHF

Reached a fresh annual high at 1.1730 yesterday, before sharp correction lower to 1.1467, just above the key 1.1449 support. Fresh gains now look for retest of 1.1730, break of which will target key trendline resistance at 1.1774. Only loss of 1.1449 risks a deeper near-term weakness.

Res: 1.1593, 1.1655, 1.1694, 1.1730
Sup: 1.1505, 1.1467, 1.1449, 1.1417

 

[WindsorBrokers]

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

EUR/USD

Surged through 1.2153/34 key supports yesterday, to post fresh annual low at 1.2110, ahead of strong bounce to 1.2352. Current reversal seeks for a higher low, to signal further recovery, and clearance of 1.2352 to open 1.2451 next. Failure to do so, risks retest of 1.2110 and resumption of underlying bear-trend, to target 1.1823/1.1640, 2006/2005 lows, medium-term.

Res: 1.2272, 1.2312, 1.2352, 1.2381
Sup: 1.2174, 1.2153, 1.2110, 1.1980

GBP/USD

Extended rally off 1.4437, yesterday’s higher low, to retrace over 61.8% of 1.5044/1.4230 downleg, and reaching 1.4769 high today, just ahead of key 1.4780/1.4800 March lows. Immediate reversal has so far cleared some important supports, increasing risk for a reversal pattern. Loss of 1.4548 to confirm.

Res: 1.4769, 1.4780, 1.4797, 1.4816
Sup: 1.4548, 1.4468, 1.4437, 1.4399

USD/JPY

Left a higher low at 90.53 yesterday, ahead of fresh strength. Clearance of 91.61, previous high, has opened fresh strength through 91.83, 61.8% retracement of 93.63/88.95 decline, and currently attempting through 92.14, en-route to 92.94.

Res: 92.42, 92.64, 92.97, 93.65
Sup: 91.19, 90.86, 90.53, 90.19

USD/CHF

Reached a fresh annual high at 1.1730 yesterday, before sharp correction lower to 1.1467, just above the key 1.1449 support. Fresh gains now look for retest of 1.1730, break of which will target key trendline resistance at 1.1774. Only loss of 1.1449 risks a deeper near-term weakness.

Res: 1.1601, 1.1655, 1.1694, 1.1730
Sup: 1.1505, 1.1467, 1.1449, 1.1417

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (09:00 GMT)

EUR/USD

Undergoes a stronger recovery off a new annual low at 1.2110 and yesterday’s higher low at 1.2174. Break above 1.2352 now needed to suggest a swing low in place for a possible test on 1.2451. Downside, break below 1.2175 opens 1.2110 for a retest.

Res: 1.2325, 1.2352, 1.2381, 1.2451
Sup: 1.2224, 1.2174, 1.2153, 1.2110

GBP/USD
Hourly structure suggests potential for a swing higher to challenge yesterday's high at 1.4769. A minor break higher may occur to complete the upswing since 1.4365, 31 May low. Upside failure under 1.4769, however, risks return to 1.4548.

Res: 1.4769, 1.4780, 1.4797, 1.4816
Sup: 1.4616, 1.4548, 1.4468, 1.4437

USD/JPY

Break of trendline resistance at 91.20 fueled rise that is currently attempting through 92.64, 76.4% retracement of 93.63/88.95 decline. This now looks for test of 92.97/93.10, while 92.02 now provides immediate support. Loss of the latter, however would risk deeper correction.

Res: 92.97, 93.10, 93.65, 94.00
Sup: 92.02, 91.76, 91.48, 91.19

USD/CHF

Reverses from 01 June spike high at 1.1730, just below 1.7777, four year falling trendline. A lower top at 1.1601 now risking a test on the key 1.1467/49 region. With potential break here to complete a corrective top. Regain of 1.1601, however, brings 1.1730 back to play.

Res: 1.1566, 1.1601, 1.1655, 1.1694
Sup: 1.1495, 1.1467, 1.1449, 1.1417

 

[WindsorBrokers]

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

EUR/USD

Yesterday’s rally stalled at 1.2325, just under key pivot at 1.2352, ahead of reversal. 1.2153 support contained for now, with fresh attempt higher under way. Underlying structure remains negative and break below 1.2153/10 to open 1.1823. Upside, regain of 1.2325/52 is needed to ease current bear pressure.

Res: 1.2213, 1.2232, 1.2270, 1.2325
Sup: 1.2153, 1.2110, 1.2065, 1.2035

GBP/USD

Short-term outlook still sees scope for a final swing higher to complete the recent recovery off 1.4230, annual low. Regain of 1.4740/69 is needed to resume higher, with 1.4548 offering initial support. Medium-term outlook, however, seeks a lower high under 1.5033, for fresh weakness and an eventual relapse towards 1.3500.

Res: 1.4687, 1.4740, 1.4769, 1.4782
Sup: 1.4582, 1.4548, 1.4468, 1.4437

USD/JPY

Break of trendline resistance at 91.20 fueled rise towards 92.97/93.10. Break here is needed to extend the phase towards 93.62, possibly 94.01 on break. Yesterday's intraday higher platform at 92.20 now underpins advance, and potential break below here to open 92.02 initially.

Res: 92.94, 93.10, 93.65, 94.00
Sup: 92.20, 92.02, 91.76, 91.48

USD/CHF

Maintains positive structure while holding above 1.1495/49 zone. Upside break above 1.1572 and 1.1601 will signal a fresh rally towards 1.1730, spike high of 01 June, and above here to target a longer-term trendline at 1.1777. Only a loss of the 1.1495/49 region would weaken the outlook.


Res: 1.1572, 1.1601, 1.1655, 1.1694
Sup: 1.1495, 1.1467, 1.1449, 1.1417

 

[WindsorBrokers]

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

EUR/USD
Upside rejection at 1.2325, just below key 1.2352 level, has triggered fresh weakness, to break through 1.2110. Losses reached a fresh yearly low of 1.2017, and this now confirms negative structure for further decline, targeting 1.1823 and 1.1640, 2006 lows. Upside, 1.2153 and 1.2213 now reverted to resistance and only break here would delay immediate bulls.

Res: 1.2110, 1.2153, 1.2213, 1.2232
Sup: 1.2017, 1.2000, 1.1952, 1.1905

GBP/USD

Short-term outlook still sees scope for a final swing higher to complete the recent recovery off 1.4230, annual low. Regain of 1.4740/69 is needed to resume higher, with 1.4548 offering initial support. Medium-term outlook, however, seeks a lower high under 1.5033, for fresh weakness and an eventual relapse towards 1.3500.

Res: 1.4687, 1.4740, 1.4769, 1.4782
Sup: 1.4539, 1.4503, 1.4468, 1.4437

USD/JPY

Extended gains off 90.53, 01 June higher low, to test 92.94 today. Rally stalled at 92.87, ahead of sharp reversal and break below 92.20/00 support zone, weakening near–term outlook in favor of further pullback. 9119/90.86 seen next, ahead of possible retest of 90.53. Upside, 92.94 now seen key, and break here is required to resume ascend towards 93.10/65.

Res: 92.94, 93.10, 93.65, 94.00
Sup: 91.76, 91.48, 91.19, 90.86

USD/CHF

Dipped under 1.1515 trendline to find support at 1.1417 before reversal. Rejection supports underlying bull tone and the latest attempt through 1.1572 and break above 1.1601 will firm for a push towards the long-term trendline resistance at 1.1777.

Res: 1.1601, 1.1655, 1.1694, 1.1730
Sup: 1.1495, 1.1467, 1.1449, 1.1417

 

[WindsorBrokers]

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

EUR/USD

Broke out of a two week triangle to commence latest bear-leg to towards 1.1823, with fresh year to date low of 1.1876 seen so far. Any recovery attempt should now be capped my 1.2110/53, while loss of 1.1823 will open 1.1778 first, ahead of 1.1630, 2006 low.

Res: 1.1966, 1.2021, 1.2080, 1.2110
Sup: 1.1876, 1.1823, 1.1800, 1.1778

GBP/USD

Short-term structure from the recent high at 1.4769 sees potential for a shallow retrace before fresh extension lower. 1.4329 and 1.4247 are seen next, with return to 1.3500 still in play medium-term. Back over 1.4586 delays.

Res: 1.4490, 1.4505, 1.4552, 1.4588
Sup: 1.4365, 1.4329, 1.4304, 1.4257

USD/JPY

The latest recovery stalled at 92.87 on Friday, just under key 92.94, 18 May high. Sharp reversal of here reached 90.97, just ahead of 90.91/86, 50% retracement of 88.95/92.87 / 02 Jun intraday low, break of which will open 90.53 next. A key trendline support stands at 90.10. Correction higher under way, with break above 91.95 needed to delay immediate bears.

Res: 91.95, 92.20, 92.49, 92.87
Sup: 90.97, 90.86, 90.53, 90.14

USD/CHF

Friday’s lower rejection at 1.1417 confirms the underlying bull structure, and clearance of 1.1571/1.1601 now opens way for retest of1.1730, just ahead of key weekly trendline resistance at 1.1782, where an eventual break is favored. 1.1590 now buoys.

Res: 1.1672, 1.1694, 1.1730, 1.1782
Sup: 1.1620, 1.1593, 1.1556, 1.1531

 

[WindsorBrokers]

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

EUR/USD

Broke out of a two week triangle to commence latest bear-leg to towards 1.1823, with fresh annual low of 1.1876 seen so far. Recovery phase is seen limited to 1.1990/1.2045, yesterday’s high / 50% retracement of 1.2214/1.1875 decline, before next downleg towards 1.1823, and a key near-term objective at 1.1640.

Res: 1.1990, 1.2021, 1.2045, 1.2080
Sup: 1.1910, 1.1876, 1.1823, 1.1800

GBP/USD

Short-term structure from the recent high at 1.4769 sees potential for a shallow retrace before fresh extension lower. 1.4329 and 1.4247 are seen next, with return to 1.3500 still in play medium-term. Back over 1.4588 delays.

Res: 1.4561, 1.4588, 1.4605, 1.4687
Sup: 1.4387, 1.4365, 1.4329, 1.4260

USD/JPY

Extends ranging within a multiweek triangle. Reversal from 92.87 found a short-term support at 90.97 yesterday, ahead of recovery attempts. 92.07/20 area possibly caps these attempts for a fresh weakness to test levels at 90.97 and 90.53. Upside, regain of 92.20 opens 92.87 instead.

Res: 92.07, 92.20, 92.49, 92.87
Sup: 91.27, 90.97, 90.86, 90.53

USD/CHF

Friday’s lower rejection at 1.1417 confirms the underlying bull structure, with 1.1673 high reached yesterday, ahead of a minor ease and consolidation. Clearance of 1.1673 will pivot the market towards 1.1730 ahead of the key trendline resistance at 1.1782. Immediate support stands at 1.1583/56.

Res: 1.1672, 1.1694, 1.1730, 1.1782
Sup: 1.1583, 1.1556, 1.1531, 1.1495

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:50 GMT)

EUR/USD

Two day bear flag is now setting up next leg lower through 1.1823, towards a key 2005 low at 1.1640. Potential break here would look for 1.1300 next. Momentum supports/confirms negative structure. Any upside attempts for now seen capped by 1.1987/1.2010.

Res: 1.1990, 1.2010, 1.2021, 1.2045
Sup: 1.1901, 1.1876, 1.1823, 1.1800

GBP/USD

Last weeks break lower out of a rising trend channel still dominates, with a break back over 1.4530 required to strengthen outlook in the short-term. Downside, loss of 1.4230 may trigger a daily bearish continuation set up.

Res: 1.4528, 1.4561, 1.4588, 1.4605
Sup: 1.4387, 1.4344, 1.4329, 1.4260

USD/JPY

Minor lower top at 92.07 caps ahead of latest drift lower. Further weakness is seen heading towards 5-week triangle support at 90.36, where a swing low may emerge. Regaining 92.07 delays and firms for 92.87.

Res: 91.68, 92.07, 92.20, 92.49
Sup: 91.05, 90.96, 90.83, 90.53

USD/CHF

Trading approximately mid point of a marginally corrective channel off 1.1730, 2010 high, posted 01 Jun. Current phase lower off 1.1672 found support at 1.1484 yesterday. Dips are seen limited by 1.1467/49, ahead of fresh push higher, and break above 1.1640 to open way for gains towards 1.1730.

Res: 1.1587, 1.1622, 1.1640, 1.1672
Sup: 1.1484, 1.1467, 1.1449, 1.1417

 

[WindsorBrokers]

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

EUR/USD

Succession of higher lows marks the recovery off 1.1875, fresh annual low. 1.2072 was seen yesterday, just below of 1.2082, 61.8% retracement of 1.2214/1.1875 decline. Clearance of 1.2072/82 is required o resume recovery, with key levels standing at 1.2106/1.2162 and 1.2213. Downside, loss of trendline support at 1.1940 ends correction and turns focus back to 1.1640.

Res: 1.2072, 1.2082, 1.2106, 1.2162
Sup: 1.2010, 1.1954, 1.1940, 1.1875

GBP/USD

Extends recovery off 1.4344 higher low, with potential for fresh leg higher, as yesterday’s break below 1.4552 failed. 1.4680 is seen next, though, holding below 1.4769, keeps risk of lower top, ahead of return to 1.4230.

Res: 1.4619, 1.4644, 1.4680, 1.4742
Sup: 1.4508, 1.4476, 1.4395, 1.4344

USD/JPY

Maintains negative tone off 92.87, 04 Jun high, en-route to 5 week triangle support at 90.45. Break here opens 89.80, 26 May low, first, ahead of possible return to 88.95. To improve immediate tone, clearance of 91.68 is required, with 92.07, 07 Jun high, targeted.

Res: 91.68, 92.07, 92.20, 92.49
Sup: 90.83, 90.53, 90.45, 89.80

USD/CHF

Trades within a marginally corrective channel off 1.1730, 2010 high, posted 01 Jun, and 1.1672, lower top of 07 June. The lower channel at 1.1390 now buoys, and break above 1.1506 would firm immediate tone for 1.1554/1.1630. Downside, loss of 1.1390 opens 1.1268.

Res: 1.1502, 1.1533, 1.1553, 1.1587
Sup: 1.1417, 1.1390, 1.1374, 1.1325