Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

The Euro lost ground after leaving an hourly double top at 1.3433, unable to sustain gains above recent consolidative range top at 1.3400. Losses accelerated on a break below 1.3400, losing also near-term base at 1.3300 and bull trendline off 1.2660 at 1.3275, to dip to 1.3235 so far, just ahead of main bull trendline, drawn off 1.2042 at 1.3230. Consolidation above the latter is seen likely, as hourly studies are oversold, however, 4h chart studies show room for further extension lower. The notion is supported by daily indicators sliding into negative territory, with break below trendline support, seen as a trigger for fresh weakness towards strong support area at 1.3185, 50% of 1.2660/1.3710 / daily Ichimoku cloud top and 1.3170, Sep 2012 highs. Previous base at 1.3300, now acts as initial resistance and along with 1.3330, 50% of yesterday’s slide and 55 day EMA, seen capping for now.

Res: 1.3270, 1.3300, 1.3330, 1.3357
Sup: 1.3235, 1.3200, 1.3185, 1.3170

GBP/USD

Cable slumped to 1.5130 after sharp sell-off was triggered on a break below 1.5400. More significant is loss of multi-year range floor at 1.5233 and monthly Ichimoku cloud base that confirm bearish breakout and commences fresh bear-phase. Immediate focus turns towards 1.5100, Fib 261.8% expansion of the extended wave from 1.6380 and psychological 1.5000 support. Corrective action on extremely stretched near-term studies, faces initial barriers at 1.5200/50 zone, with key near-term levels seen at 1.5290/1.5325, 50% / 61.8% of yesterday’s fall and only break above the latter would spark more significant recovery.

Res: 1.5200, 1.5250, 1.5290, 1.5325
Sup: 1.5130, 1.5100, 1.5050, 1.5000

USD/JPY

The pair’s near-term price action shows no significant changes, compared to the previous few sessions, moving within 93.00/94.00 range. Near-term studies hold neutral stance, while overall bulls are showing initial signals of fatigue, as daily indicators started to move lower and ADX shows bulls sidelined. However, break below 92.00 base and breakpoint is to confirm bearish reversal and conversely, lift above 94.45 to open next upside target at 95.00, May 2010 high.

Res: 93.80, 94.00, 94.21, 94.40
Sup: 93.34, 93.00, 92.68, 92.21

USD/CHF

Near-term bulls regained ground after yesterday’s brief break below 0.9200 higher base, found ground above 0.9150 breakpoint. Fresh extension through 0.9256, previous range top, so far tested our next target at 0.9300, Fib 76.4% of 0.9387/0.9020 and daily Ichimoku cloud top, where overbought hourly studies limited rally. However, fresh attempt above midlines of 4h chart indicators, suggests that extension towards key near-term barriers at 0.9381/87 is likely, with clearance of 0.9300 barrier required to confirm. Corrective easing should ideally find support at / above 0.9250 area, previous tops and Fib 38.2% of yesterday’s rally, to keep near-term bulls intact, with further easing seen not very harmful for near-term bears, as long as 0.9200 and yesterday’s low at 0.9182 hold.

Res: 0.9300, 0.9323, 0.9345, 0.9381
Sup: 0.9271, 0.9254, 0.9227, 0.9210

 

[WindsorBrokers]

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

EUR/USD

The Euro lost ground after leaving an hourly double top at 1.3433, unable to sustain gains above recent consolidative range top at 1.3400. Losses accelerated on a break below 1.3400, losing also near-term base at 1.3300 and bull trendline off 1.2660 at 1.3275, to dip to 1.3235 so far, just ahead of main bull trendline, drawn off 1.2042 at 1.3230. Consolidation above the latter is seen likely, as hourly studies are oversold, however, 4h chart studies show room for further extension lower. The notion is supported by daily indicators sliding into negative territory, with break below trendline support, seen as a trigger for fresh weakness towards strong support area at 1.3185, 50% of 1.2660/1.3710 / daily Ichimoku cloud top and 1.3170, Sep 2012 highs. Previous base at 1.3300, now acts as initial resistance and along with 1.3330, 50% of yesterday’s slide and 55 day EMA, seen capping for now.

Res: 1.3270, 1.3300, 1.3330, 1.3357
Sup: 1.3235, 1.3200, 1.3185, 1.3170

GBP/USD

Cable slumped to 1.5130 after sharp sell-off was triggered on a break below 1.5400. More significant is loss of multi-year range floor at 1.5233 and monthly Ichimoku cloud base that confirm bearish breakout and commences fresh bear-phase. Immediate focus turns towards 1.5100, Fib 261.8% expansion of the extended wave from 1.6380 and psychological 1.5000 support. Corrective action on extremely stretched near-term studies, faces initial barriers at 1.5200/50 zone, with key near-term levels seen at 1.5290/1.5325, 50% / 61.8% of yesterday’s fall and only break above the latter would spark more significant recovery.

Res: 1.5200, 1.5250, 1.5290, 1.5325
Sup: 1.5130, 1.5100, 1.5050, 1.5000

USD/JPY

The pair’s near-term price action shows no significant changes, compared to the previous few sessions, moving within 93.00/94.00 range. Near-term studies hold neutral stance, while overall bulls are showing initial signals of fatigue, as daily indicators started to move lower and ADX shows bulls sidelined. However, break below 92.00 base and breakpoint is to confirm bearish reversal and conversely, lift above 94.45 to open next upside target at 95.00, May 2010 high.

Res: 93.80, 94.00, 94.21, 94.40
Sup: 93.34, 93.00, 92.68, 92.21

USD/CHF

Near-term bulls regained ground after yesterday’s brief break below 0.9200 higher base, found ground above 0.9150 breakpoint. Fresh extension through 0.9256, previous range top, so far tested our next target at 0.9300, Fib 76.4% of 0.9387/0.9020 and daily Ichimoku cloud top, where overbought hourly studies limited rally. However, fresh attempt above midlines of 4h chart indicators, suggests that extension towards key near-term barriers at 0.9381/87 is likely, with clearance of 0.9300 barrier required to confirm. Corrective easing should ideally find support at / above 0.9250 area, previous tops and Fib 38.2% of yesterday’s rally, to keep near-term bulls intact, with further easing seen not very harmful for near-term bears, as long as 0.9200 and yesterday’s low at 0.9182 hold.

Res: 0.9300, 0.9323, 0.9345, 0.9381
Sup: 0.9271, 0.9254, 0.9227, 0.9210

 

[WindsorBrokers]

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

EUR/USD

Overall bearish tone persists, as the Euro cracked 50% of 1.2660/1.3710 / previous peaks breakpoint at 1.3185/70, on yesterday’s slide to 1.3160, fresh six-week low. Subsequent consolidation remains capped at 1.3230, yesterday’s recovery high and near 23.6% of 20 Feb slide that keeps the immediate risk of fresh weakness. Loss of 1.3160 is required to confirm bearish breakout and expose the next targets at 1.3130/20, 90 day MA / 05 Dec 2012 peak. Any bounce above 1.3230, requires regain of 1.3264, Fib 38.2%, while clearance of pivotal 1.3300 barrier, also 50% retracement, will sideline bears.

Res: 1.3230, 1.3264, 1.3300, 1.3330
Sup: 1.3181, 1.3170, 1.3160, 1.3130

GBP/USD

Cable trades in near-term recovery mode from 1.5130, yesterday’s fresh low, last time seen in 2010. Bounce through 1.5230/60, previous very strong support and extension above 1.5300 that retraced nearly 50% of 1.5445/1.5130 fall, would be a signal for stronger recovery, with weekly close above 1.5260 required to confirm. With 4h chart studies moving higher from oversold territory, seen as supportive element, further recovery requires break above 1.5320, 20 day EMA and regain of minimum 1.5400, to confirm basing attempt. However, larger picture still holds firm bearish tone, despite overextended conditions and sees current rally as corrective and preceding fresh weakness towards the next target at psychological 1.5000 level.

Res: 1.5300, 1.5320, 1.5371, 1.5400
Sup: 1.5244, 1.5214, 1.5191, 1.5130

USD/JPY

The pair’s near-term price action shows no significant changes, as the price remains entrenched within broader 92.00/94.45 range. However, yesterday’s slide below the narrower 93.00/94.00 range, slightly weakened near-term structure, but studies still hold neutral tone. Overall directionless near-term action, requires break of either side to establish fresh direction. Loss of 92.00 base to open way for stronger correction and expose initial 91.53 Fibonacci support, while resumption of underlying bull trend, sees break above 94.45 as a trigger for extension towards the next target at 95.00.

Res: 93.40, 93.85, 94.00, 94.21
Sup: 93.00, 92.76, 92.21, 92.00

USD/CHF

The pair eventually broke above psychological / Fibonacci barrier at 0.9300, posting fresh high at 0.9331, as a part of broader recovery from 0.9020 base. With subsequent corrective easing being held above rising 55 day EMA at 0.9280, scope is seen for fresh extension higher and possible test of key near-term pivotal barrier and double-top at 0.9381/87. To keep immediate bulls in play, any stronger dips should be contained by 0.9250 zone, previous range tops.

Res: 0.9332, 0.9345, 0.9381, 0.9387
Sup: 0.9280, 0.9256, 0.9227, 0.9210

 

[WindsorBrokers]

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

EUR/USD

The Euro remains within near-term 1.3144/1.3243 consolidative range, with hourly studies building up momentum, following gap higher opening. The notion is supported by last Friday’s Doji that may signal basing attempt, however, break above range top at 1.3243 is seen as initial requirement, with regain of more significant 1.3300, previous base and near 50% of 1.3431/1.3144, required to confirm. Conversely, bearish continuation through 1.3144, also 90 day MA, would open 1.3100 and 1.3061, 50% of 1.2660 /1.3710 upleg.

Res: 1.3243, 1.3253, 1.3287, 1.3300
Sup: 1.3174, 1.3144, 1.3100, 1.3061

GBP/USD

Cable ticks higher following last Friday’s fall from 1.5300 zone and overnight’s gap lower opening that posted fresh 1 ½ low at 1.5069. Technical correction is attempting to fill the overnight gap that may trigger stronger recovery, however, only break above 1.5300 zone would have more significant impact and sideline bears. Otherwise, test of psychological 1.5000 support is seen as near-term scenario, with break here to shift focus towards 1.4230, 2010 low. Weekly close at 1.5190, reinforced by 20 day EMA and 50% of 1.5315/1.5069 is seen as breakpoint.

Res: 1.5163, 1.5190, 1.5221, 1.5257
Sup: 1.5114, 1.5100, 1.5069, 1.5000

USD/JPY

The pair skyrocketed on weekly over 100 pips gap-higher opening and posted fresh 22-month high at 94.55, aiming towards near-term target at 94.97, 2010 high. Break above recent range, sees potential for fresh extension higher, as 94.00 zone offers initial support. Only filling the overnight gap and fall below Friday’s closing price, would signal false break, while key near-term support lies at 92.00 base and break here is required to bring bears in play.

Res: 94.29, 94.45, 94.55, 94.97
Sup: 94.00, 93.87, 93.66, 93.50

USD/CHF

Near-term structure shows signs of fatigue, as the price attempts below consolidation range floor at 0.9280, after failing to sustain gains above important 0.9300 barrier. Hourly structure is turning negative, while larger picture technical still maintain positive tone and would allow pullback towards 0.9240, Fib 61.8% of 0.9181/0.9332 upleg / 55 day EMA, while only loss of 0.9200 handle would increase risk of stronger reversal of near-term 0.9020/0.9332 recovery.

Res: 0.9300, 0.9315, 0.9332, 0.9345
Sup: 0.9256, 0.9240, 0.9217, 0.9200

 

[WindsorBrokers]

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

EUR/USD

The Euro remains within near-term 1.3144/1.3243 consolidative range, with hourly studies building up momentum, following gap higher opening. The notion is supported by last Friday’s Doji that may signal basing attempt, however, break above range top at 1.3243 is seen as initial requirement, with regain of more significant 1.3300, previous base and near 50% of 1.3431/1.3144, required to confirm. Conversely, bearish continuation through 1.3144, also 90 day MA, would open 1.3100 and 1.3061, 50% of 1.2660 /1.3710 upleg.

Res: 1.3243, 1.3253, 1.3287, 1.3300
Sup: 1.3174, 1.3144, 1.3100, 1.3061

GBP/USD

Cable ticks higher following last Friday’s fall from 1.5300 zone and overnight’s gap lower opening that posted fresh 1 ½ low at 1.5069. Technical correction is attempting to fill the overnight gap that may trigger stronger recovery, however, only break above 1.5300 zone would have more significant impact and sideline bears. Otherwise, test of psychological 1.5000 support is seen as near-term scenario, with break here to shift focus towards 1.4230, 2010 low. Weekly close at 1.5190, reinforced by 20 day EMA and 50% of 1.5315/1.5069 is seen as breakpoint.

Res: 1.5163, 1.5190, 1.5221, 1.5257
Sup: 1.5114, 1.5100, 1.5069, 1.5000

USD/JPY

The pair skyrocketed on weekly over 100 pips gap-higher opening and posted fresh 22-month high at 94.55, aiming towards near-term target at 94.97, 2010 high. Break above recent range, sees potential for fresh extension higher, as 94.00 zone offers initial support. Only filling the overnight gap and fall below Friday’s closing price, would signal false break, while key near-term support lies at 92.00 base and break here is required to bring bears in play.

Res: 94.29, 94.45, 94.55, 94.97
Sup: 94.00, 93.87, 93.66, 93.50

USD/CHF

Near-term structure shows signs of fatigue, as the price attempts below consolidation range floor at 0.9280, after failing to sustain gains above important 0.9300 barrier. Hourly structure is turning negative, while larger picture technical still maintain positive tone and would allow pullback towards 0.9240, Fib 61.8% of 0.9181/0.9332 upleg / 55 day EMA, while only loss of 0.9200 handle would increase risk of stronger reversal of near-term 0.9020/0.9332 recovery.

Res: 0.9300, 0.9315, 0.9332, 0.9345
Sup: 0.9256, 0.9240, 0.9217, 0.9200

 

[WindsorBrokers]

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

EUR/USD

The Euro remains in a near-term consolidative mode, moving within 100 pips range. Hourly structure is negatively aligned, as 55 day EMA limits the upside and price holds below 1.3120/40, range top / Friday’s low. Break here would allow for further correction, however, prevailing negative tone on 4h chart, with channel support being cracked, keeps the downside favored. Immediate supports lie at 1.3030, daily Ichimoku cloud base and 1.3017, yesterday’s low, ahead of psychological 1.3000 level, also 04 Jan low, loss of which would open 1.2900 zone, Fib 76.4% of 1.2660/1.3710 ascend. Channel resistance at 1.3280 and 25 Feb peaks 1.3317 are seen as near-term breakpoints.

Res: 1.3100, 1.3121, 1.3144, 1.3167
Sup: 1.3030, 1.3017, 1.3000, 1.2908

GBP/USD

Cable remains weak, as the price returns to weekly lows, following recovery failure at 1.5220, Fib 61.8% of 1.5315/1.5069 downleg. Near-term studies are negative and see potential for further weakness towards initial 1.5000 target are likely. From the other side, bullish MACD / RSI divergence, developing on 4h chart, suggest basing attempt above psychological 1.5000 support that may result in stronger consolidative / corrective action. Upside break above initial 1.5218 barrier, is required to give initial signal, while regain of 1.5300 zone, would sideline near-term bears.

Res: 1.5160, 1.5192, 1.5220, 1.5257
Sup: 1.5080, 1.5069, 1.5000, 1.4950

USD/JPY

The pair consolidates within bearish pennant pattern, following bounce off 90.85, Monday’s fresh one-month low. Break and yesterday’s close below previous strong support at 92.00, keeps the downside favored, with resumption of recent sharp fall, seen on a break below 90.85, also near 50% of 86.81/94.55, to confirm reversal and open 90.00/89.75 next. Conversely, bounce above 92.00 would delay bears and shift near-term focus towards 92.75/93.00 barriers.

Res: 92.00, 92.25, 92.75, 93.14
Sup: 91.62, 91.12, 90.85, 90.67

USD/CHF

The pair remains in a near-term sideways mode, confirmed by yesterday’s Doji and holding below range tops at 0.9330 zone. Hourly bulls are losing traction and see risk of slide below 0.9300 that may risk violation of range floor at 0.9280 and signal stronger pullback. The notion is supported 4h studies that are losing bullish momentum. However, overall bulls from 0.9020 base will remain in play for eventual test of key 0.9381/87 barriers, as long as 0.9200/0.9180, also 50% of 0.9020/0.9325, stay intact.

Res: 0.9337, 0.9348, 0.9381, 0.9387
Sup: 0.9300, 0.9280, 0.9256, 0.9240

 

[WindsorBrokers]

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

EUR/USD

The Euro remains in a near-term consolidative mode, moving within 100 pips range. Hourly structure is negatively aligned, as 55 day EMA limits the upside and price holds below 1.3120/40, range top / Friday’s low. Break here would allow for further correction, however, prevailing negative tone on 4h chart, with channel support being cracked, keeps the downside favored. Immediate supports lie at 1.3030, daily Ichimoku cloud base and 1.3017, yesterday’s low, ahead of psychological 1.3000 level, also 04 Jan low, loss of which would open 1.2900 zone, Fib 76.4% of 1.2660/1.3710 ascend. Channel resistance at 1.3280 and 25 Feb peaks 1.3317 are seen as near-term breakpoints.

Res: 1.3100, 1.3121, 1.3144, 1.3167
Sup: 1.3030, 1.3017, 1.3000, 1.2908

GBP/USD

Cable remains weak, as the price returns to weekly lows, following recovery failure at 1.5220, Fib 61.8% of 1.5315/1.5069 downleg. Near-term studies are negative and see potential for further weakness towards initial 1.5000 target are likely. From the other side, bullish MACD / RSI divergence, developing on 4h chart, suggest basing attempt above psychological 1.5000 support that may result in stronger consolidative / corrective action. Upside break above initial 1.5218 barrier, is required to give initial signal, while regain of 1.5300 zone, would sideline near-term bears.

Res: 1.5160, 1.5192, 1.5220, 1.5257
Sup: 1.5080, 1.5069, 1.5000, 1.4950

USD/JPY

The pair consolidates within bearish pennant pattern, following bounce off 90.85, Monday’s fresh one-month low. Break and yesterday’s close below previous strong support at 92.00, keeps the downside favored, with resumption of recent sharp fall, seen on a break below 90.85, also near 50% of 86.81/94.55, to confirm reversal and open 90.00/89.75 next. Conversely, bounce above 92.00 would delay bears and shift near-term focus towards 92.75/93.00 barriers.

Res: 92.00, 92.25, 92.75, 93.14
Sup: 91.62, 91.12, 90.85, 90.67

USD/CHF

The pair remains in a near-term sideways mode, confirmed by yesterday’s Doji and holding below range tops at 0.9330 zone. Hourly bulls are losing traction and see risk of slide below 0.9300 that may risk violation of range floor at 0.9280 and signal stronger pullback. The notion is supported 4h studies that are losing bullish momentum. However, overall bulls from 0.9020 base will remain in play for eventual test of key 0.9381/87 barriers, as long as 0.9200/0.9180, also 50% of 0.9020/0.9325, stay intact.

Res: 0.9337, 0.9348, 0.9381, 0.9387
Sup: 0.9300, 0.9280, 0.9256, 0.9240

 

[WindsorBrokers]

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

EUR/USD

The Euro broke above consolidation top at 1.3120, but gains are still limited under 50% of 1.3317/1.3017 fall and for now, insufficient to confirm reversal, signaled by Doji and big white candle, seen on 26/27 Feb. Positive hourly structure sees the upside favored for now, with stretch towards 1.3200/25 zone, Fib 61.8% / daily Ichimoku cloud top and Tenkan-sen line. Overall bearish tone, however, keeps the downside risk in play, with current move seen as corrective and preceding test of 1.3000, next target. Only break above 1.3300/15, channel resistance / 25 Feb peaks, would delay bears in favor of stronger recovery.

Res: 1.3167, 1.3200, 1.3215, 1.3246
Sup: 1.3124, 1.3100, 1.3039, 1.3017

GBP/USD

Cable remains entrenched within 1.5069/1.5218 consolidative range, with near-term studies holding neutral tone. Bullish divergence on 4h chart so far did not produce any significant gains, as the pair failed to capitalize in filling Monday’s gap. With 20 day EMA limiting the upside and 4h studies still lacking momentum, the downside remains vulnerable. Upside break above 1.5218 would delay bears that dominate on larger timeframes studies, however, only clearance of 1.5315, 22 Feb double-top, would prevent the pair sliding towards initial target at 1.5000.

Res: 1.5190, 1.5220, 1.5257, 1.5315
Sup: 1.5150, 1.5120, 1.5080, 1.5069

USD/JPY

Near-term structure improves, as the price moves towards the upper boundary of consolidation range at 92.70. Break and close above important 92.00 resistance, previous base, would signal stronger reversal of sharp 94.55/90.85 fall, as 92.70 marks 50% of entire downleg, where also 55day EMA lies. However, weak 4h studies do not see much potential for stronger rebound that requires regain of 93.00 barrier, to re-focus 94.55 and 94.97, 2010 high. On the downside, loss of 92.00 handle will be seen as initial signal of weakness, but break below 90.85/67 is to confirm reversal from 94.55 and open next downside target at 90.00.

Res: 92.70, 93.14, 93.68, 94.00
Sup: 92.16, 92.00, 91.62, 91.12

USD/CHF

Larger picture bulls remain intact for now, however, near-term studies are lacking momentum for break above one-week range top at 0.9330 zone. Hourly structure is getting negatively aligned, as the price attempts at range floor at 0.9280, with 4h studies losing traction that keep the downside at risk. Downside break of 0.9280/50 supports is to further weaken the structure, while loss of pivotal 0.9200 zone will put near-term bulls aside. Alternative scenario sees break above 0.9330 as a trigger for bullish extension towards key barriers and near-term targets at 0.9381/87.

Res: 0.9300, 0.9326, 0.9337, 0.9381
Sup: 0.9280, 0.9256, 0.9240, 0.9200

 

[pssonice]

value of your Short Term Technical Analysis

>>> negative is
The Euro broke above consolidation top at 1.3120,
but gains are still limited under 50% of 1.3317/1.3017 fall and
for now, insufficient to confirm reversal,
signaled by Doji and big white candle, seen on 26/27 Feb.
>>> positive is
Positive hourly structure sees the upside favored for now,
with stretch towards 1.3200/25 zone, Fib 61.8% /
daily Ichimoku cloud top and Tenkan-sen line.
>>> negative is
Overall bearish tone, however, keeps the downside risk in play,
with current move seen as corrective and preceding test of 1.3000, next target.
Only break above 1.3300/15, channel resistance / 25 Feb peaks,
would delay bears in favor of stronger recovery.
Res: 1.3167, 1.3200, 1.3215, 1.3246
Sup: 1.3124, 1.3100, 1.3039, 1.3017


the summary sounds like this
"EURUSD short" at 13124, stop at 13167
current data : 13118

I cant find further more value in your analysis !
sit and wait on your short position seems
to me the value of your analysis.

 

[WindsorBrokers]

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

EUR/USD

The Euro broke above consolidation top at 1.3120, but gains are still limited under 50% of 1.3317/1.3017 fall and for now, insufficient to confirm reversal, signaled by Doji and big white candle, seen on 26/27 Feb. Positive hourly structure sees the upside favored for now, with stretch towards 1.3200/25 zone, Fib 61.8% / daily Ichimoku cloud top and Tenkan-sen line. Overall bearish tone, however, keeps the downside risk in play, with current move seen as corrective and preceding test of 1.3000, next target. Only break above 1.3300/15, channel resistance / 25 Feb peaks, would delay bears in favor of stronger recovery.

Res: 1.3167, 1.3200, 1.3215, 1.3246
Sup: 1.3124, 1.3100, 1.3039, 1.3017

GBP/USD

Cable remains entrenched within 1.5069/1.5218 consolidative range, with near-term studies holding neutral tone. Bullish divergence on 4h chart so far did not produce any significant gains, as the pair failed to capitalize in filling Monday’s gap. With 20 day EMA limiting the upside and 4h studies still lacking momentum, the downside remains vulnerable. Upside break above 1.5218 would delay bears that dominate on larger timeframes studies, however, only clearance of 1.5315, 22 Feb double-top, would prevent the pair sliding towards initial target at 1.5000.

Res: 1.5190, 1.5220, 1.5257, 1.5315
Sup: 1.5150, 1.5120, 1.5080, 1.5069

USD/JPY

Near-term structure improves, as the price moves towards the upper boundary of consolidation range at 92.70. Break and close above important 92.00 resistance, previous base, would signal stronger reversal of sharp 94.55/90.85 fall, as 92.70 marks 50% of entire downleg, where also 55day EMA lies. However, weak 4h studies do not see much potential for stronger rebound that requires regain of 93.00 barrier, to re-focus 94.55 and 94.97, 2010 high. On the downside, loss of 92.00 handle will be seen as initial signal of weakness, but break below 90.85/67 is to confirm reversal from 94.55 and open next downside target at 90.00.

Res: 92.70, 93.14, 93.68, 94.00
Sup: 92.16, 92.00, 91.62, 91.12

USD/CHF

Larger picture bulls remain intact for now, however, near-term studies are lacking momentum for break above one-week range top at 0.9330 zone. Hourly structure is getting negatively aligned, as the price attempts at range floor at 0.9280, with 4h studies losing traction that keep the downside at risk. Downside break of 0.9280/50 supports is to further weaken the structure, while loss of pivotal 0.9200 zone will put near-term bulls aside. Alternative scenario sees break above 0.9330 as a trigger for bullish extension towards key barriers and near-term targets at 0.9381/87.

Res: 0.9300, 0.9326, 0.9337, 0.9381
Sup: 0.9280, 0.9256, 0.9240, 0.9200

 

[WindsorBrokers]

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

EUR/USD

The Euro maintains near-term sideways mode, with studies being negatively aligned, following upside rejection below 50% of 1.3317/1.3017 and slide below 1.3100 handle. As the price remains within bear-channel off 1.3710 peak, scope exists for test of initial 1.3000 support, loss of which to commence fresh leg lower and expose 1.29 zone, also Fib 76.4% of 1.2660/1.3710 ascend. Yesterday’s high at 1.3161, offers initial resistance and possible break here would signal stronger correction. Key near-term barriers and pivotal points lie at 1.3280/1.3317, channel resistance / 25 Feb high.

Res: 1.3100, 1.3136, 1.3161, 1.3200
Sup: 1.3052, 1.3039, 1.3017, 1.3000

GBP/USD

Cable remains entrenched within 1.5069/1.5218 consolidative range, with near-term studies upside aligned, as the pair retested the upper range boundary, but unable to break higher for now. Ascending 4h chart indicators see room possible break above 1.5218, to trigger recovery through 1.5255, 55 day EMA and expose 1.5300/15 breakpoint. Larger picture bears remain intact for now, however, Doji candle signals near-term indecision, with break of either range side, to signal fresh direction.

Res: 1.5195, 1.5220, 1.5257, 1.5315
Sup: 1.5150, 1.5120, 1.5080, 1.5069

USD/JPY

The pair is gaining pace after sustained break above 92.00 handle and pennant-shape consolidation, avert immediate downside risk. Regain of 92.70, 50% of last Friday’s sharp fall, brings more positive tone into hourly structure, however, 4h studies, still holding in the negative territory, require break above 93.00 zone and 61.8% retracement for confirmation. Conversely, slide below 92.00 would weaken the near-term tone. Weekly close level is in focus.

Res: 92.83, 93.14, 93.68, 94.00
Sup: 92.43, 92.00, 91.62, 91.12

USD/CHF

The pair’s eventual break above one-week congestion top at 0.9337, confirms near-term bulls, signaled by yesterday’s big white candle. As the price rallies towards key barriers and near-term targets, scope is seen for break above 0.9381/87 and psychological 0.9400 barrier, to open 200 day MA at 0.9430. Previous resistance at 0.9340 zone, now acts as initial support, ahead of 0.9300, daily Ichimoku cloud top that is expected to contain dips.

Res: 0.9372, 0.9381, 0.9387, 0.9400
Sup: 0.9354, 0.9337, 0.9300, 0.9280

 

[WindsorBrokers]

Re: value of your Short Term Technical Analysis

>>> negative is
The Euro broke above consolidation top at 1.3120,
but gains are still limited under 50% of 1.3317/1.3017 fall and
for now, insufficient to confirm reversal,
signaled by Doji and big white candle, seen on 26/27 Feb.
>>> positive is
Positive hourly structure sees the upside favored for now,
with stretch towards 1.3200/25 zone, Fib 61.8% /
daily Ichimoku cloud top and Tenkan-sen line.
>>> negative is
Overall bearish tone, however, keeps the downside risk in play,
with current move seen as corrective and preceding test of 1.3000, next target.
Only break above 1.3300/15, channel resistance / 25 Feb peaks,
would delay bears in favor of stronger recovery.
Res: 1.3167, 1.3200, 1.3215, 1.3246
Sup: 1.3124, 1.3100, 1.3039, 1.3017


the summary sounds like this
"EURUSD short" at 13124, stop at 13167
current data : 13118

I cant find further more value in your analysis !
sit and wait on your short position seems
to me the value of your analysis.

Thanks for your comments. You have a point, as negative tone prevails and downside is at risk. As I don't give a trading advice, cannot elaborate more on this, but being rather aggressive trader, took an opportunity on rejection at 1.3160. More conservative traders would likely stand aside while the price is in range and wait for a break of either side to jump in.
Cheers

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors 08:00 GMT

EUR/USD

The Euro regains strength after yesterday’s spike to 1.3072 and quick return to 1.3000, where support was found. Hourly structure holds slight positive tone, as the price attempts at 50% of 1.3133/1.2950 fall and previous high, however, 4h studies are lacking momentum, with upside being limited by 55 day EMA. Overall, near-term price action is in sideways mode, as shown on 4h chart and entrenched within 1.3160/1.2950 range, consolidating the recent losses. Larger picture bears are still in play and see the downside vulnerable, as loss of 1.2950 would open 1.2900 and 1.2875, 50% retracement of larger 1.2042/1.3710 upleg. Conversely, clearance of 1.3133/60 barriers, would sideline bears and allow for stronger recovery.


Res: 1.3052, 1.3072, 1.3100, 1.3133
Sup: 1.3013, 1.2985, 1.2950, 1.2900

GBP/USD

Cable trades in a near-term corrective mode, after bounce from yesterday’s fresh low at 1.4830, recovered over 50% of 1.5046/1.4830 fall at 1.4951, testing the initial resistance at 1.4950/60 zone. Hourly indicators moved in the positive territory, however, 4h structure still sees prevailing negative tone that, along with double-Doji candle, may produce further consolidation, while psychological 1.5000 and 1.5046, 08 Mar high, cap. Overextended daily studies may signal stronger rebound ahead, with clearance of 1.5000/46, seen as trigger. Upside rejection, however, would risk fresh extension of larger bear-trend and expose 1.4800, initially.

Res: 1.4960, 1.5000, 1.5050, 1.5080
Sup: 1.4900, 1.4865, 1.4830, 1.4800

USD/JPY

The pair remains under pressure, as fresh weakness below yesterday’s low at 95.63, threatens for extension of near-term corrective pullback from 96.70, yesterday’s fresh high. Descending 4h chart indicators and hourlies already in the red territory, support such scenario and focus the next target at 95.25, Fib 38.2% of 92.90/96.70 upleg, ahead of 94.80, 50% retracement / 55 day EMA. Overall bulls, however, remain intact for now and keep the next target at 97.00 in near-term focus, once corrective pullback is over. Only slide below previous strong barrier at 94.50 zone, would delay bulls.

Res: 96.00, 96.26, 96.70, 97.00
Sup: 95.25, 95.00, 94.84, 94.55

AUD/USD

Near-term structure holds positive tone, as the price attempts at yesterday’s highs at 1.0330 zone, after brief consolidation was contained above psychological 1.3000 level. Positive near-term studies favor further recovery off 1.0114 fresh low and turn focus towards 1.0356,/73, 200 day MA / 50% of 1.0597/1.0114 / 15 Feb high, seen as initial target. Downside should stay protected at 1.0300 to keep bullish structure intact.


Res: 1.0335, 1.0356, 1.0373, 1.0400
Sup: 1.0300, 1.0284, 1.0265, 1.0253

 

[WindsorBrokers]

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

EUR/USD

The Euro regains strength after yesterday’s spike to 1.3072 and quick return to 1.3000, where support was found. Hourly structure holds slight positive tone, as the price attempts at 50% of 1.3133/1.2950 fall and previous high, however, 4h studies are lacking momentum, with upside being limited by 55 day EMA. Overall, near-term price action is in sideways mode, as shown on 4h chart and entrenched within 1.3160/1.2950 range, consolidating the recent losses. Larger picture bears are still in play and see the downside vulnerable, as loss of 1.2950 would open 1.2900 and 1.2875, 50% retracement of larger 1.2042/1.3710 upleg. Conversely, clearance of 1.3133/60 barriers, would sideline bears and allow for stronger recovery.


Res: 1.3052, 1.3072, 1.3100, 1.3133
Sup: 1.3013, 1.2985, 1.2950, 1.2900

GBP/USD

Cable trades in a near-term corrective mode, after bounce from yesterday’s fresh low at 1.4830, recovered over 50% of 1.5046/1.4830 fall at 1.4951, testing the initial resistance at 1.4950/60 zone. Hourly indicators moved in the positive territory, however, 4h structure still sees prevailing negative tone that, along with double-Doji candle, may produce further consolidation, while psychological 1.5000 and 1.5046, 08 Mar high, cap. Overextended daily studies may signal stronger rebound ahead, with clearance of 1.5000/46, seen as trigger. Upside rejection, however, would risk fresh extension of larger bear-trend and expose 1.4800, initially.

Res: 1.4960, 1.5000, 1.5050, 1.5080
Sup: 1.4900, 1.4865, 1.4830, 1.4800

USD/JPY

The pair remains under pressure, as fresh weakness below yesterday’s low at 95.63, threatens for extension of near-term corrective pullback from 96.70, yesterday’s fresh high. Descending 4h chart indicators and hourlies already in the red territory, support such scenario and focus the next target at 95.25, Fib 38.2% of 92.90/96.70 upleg, ahead of 94.80, 50% retracement / 55 day EMA. Overall bulls, however, remain intact for now and keep the next target at 97.00 in near-term focus, once corrective pullback is over. Only slide below previous strong barrier at 94.50 zone, would delay bulls.

Res: 96.00, 96.26, 96.70, 97.00
Sup: 95.25, 95.00, 94.84, 94.55

AUD/USD

Near-term structure holds positive tone, as the price attempts at yesterday’s highs at 1.0330 zone, after brief consolidation was contained above psychological 1.3000 level. Positive near-term studies favor further recovery off 1.0114 fresh low and turn focus towards 1.0356,/73, 200 day MA / 50% of 1.0597/1.0114 / 15 Feb high, seen as initial target. Downside should stay protected at 1.0300 to keep bullish structure intact.


Res: 1.0335, 1.0356, 1.0373, 1.0400
Sup: 1.0300, 1.0284, 1.0265, 1.0253

 

[WindsorBrokers]

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

EUR/USD

The single currency remains within the range of 1.3000 and 1.2842, with the upper barrier being pressured. Sideways movements are seen in past few sessions after Monday’s gap lower opening, with dips being so far contained by 200 day MA. Hourly structure is positive that sees potential attack at 1.3000 barrier, also 61.8%% of 1.3106/1.2842 fall likely, as break here is seen as a trigger for more bullish action and will signal a bottom. Conversely, loss of 1.2900 handle, will turn near-term outlook bearish.

Res: 1.2977, 1.2994, 1.3044, 1.3077
Sup: 1.2927, 1.2900, 1.2879, 1.2842

GBP/USD

Cable remains in a sideways mode, holding within 1.5070/1.5140 range, with yesterday’s spikes in both directions, seen as a noise. Flat hourly studies favor further directionless trading, while structure on 4h chart holds positive tone, as the price action is supported by ascending 20 day EMA and underpinned by 20/55 EMA’s bullish crossover. Full retracement of 1.5220/1.4830 descend and break higher is needed to confirm bottom for more significant rebound, otherwise, the downside would remain vulnerable. Key support and breakpoint lies at 1.5000, below which, bears will take control.

Res: 1.5142, 1.5185, 1.5200, 1.5220
Sup: 1.5070, 1.5026, 1.5000, 1.4980

USD/JPY

The pair tested 96.00 barrier, following break above trendline resistance at 95.35 and previous recovery high at 95.73. The near-term uptrend has been established, as 4h indicators broke above their midlines that opens way for further recovery, with 76.4% of entire 96.70/94.30 fall being retraced so far. Pullback on overbought hourlies, should ideally find support at 95.70/50 zone, before fresh extension higher, with sustained break above 96.00, to attract 96.50/70 highs for retest. Bull trendline off 94.30 low, stands at 95.20 and only break here would revive bears.

Res: 96.12, 96.25, 96.50, 96.70
Sup: 95.65, 94.47, 95.20, 95.00

AUD/USD

No changes in Aussie’s price action seen in the past few sessions, as the upside remains capped at 1.04 zone. Lack of bullish momentum, so far limits recovery rally from 1.0114 at Fib 61.8% of 1.0597/1.0114 descend, however, the lower boundary of near-term congestion is additionally supported by ascending 200 day MA. Daily studies remain positive and keep the upside favored, while 4h indicators are losing traction and hourlies being neutral. Breakpoints stand at 1.0412 and 1.0342.

Res: 1.0400, 1.0412, 1.0456, 1.0474
Sup: 1.0350, 1.0342, 1.0300, 1.0286

 

[WindsorBrokers]

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

EUR/USD

The single currency remains within the range of 1.3000 and 1.2842, with the upper barrier being pressured. Sideways movements are seen in past few sessions after Monday’s gap lower opening, with dips being so far contained by 200 day MA. Hourly structure is positive that sees potential attack at 1.3000 barrier, also 61.8%% of 1.3106/1.2842 fall likely, as break here is seen as a trigger for more bullish action and will signal a bottom. Conversely, loss of 1.2900 handle, will turn near-term outlook bearish.

Res: 1.2977, 1.2994, 1.3044, 1.3077
Sup: 1.2927, 1.2900, 1.2879, 1.2842

GBP/USD

Cable remains in a sideways mode, holding within 1.5070/1.5140 range, with yesterday’s spikes in both directions, seen as a noise. Flat hourly studies favor further directionless trading, while structure on 4h chart holds positive tone, as the price action is supported by ascending 20 day EMA and underpinned by 20/55 EMA’s bullish crossover. Full retracement of 1.5220/1.4830 descend and break higher is needed to confirm bottom for more significant rebound, otherwise, the downside would remain vulnerable. Key support and breakpoint lies at 1.5000, below which, bears will take control.

Res: 1.5142, 1.5185, 1.5200, 1.5220
Sup: 1.5070, 1.5026, 1.5000, 1.4980

USD/JPY

The pair tested 96.00 barrier, following break above trendline resistance at 95.35 and previous recovery high at 95.73. The near-term uptrend has been established, as 4h indicators broke above their midlines that opens way for further recovery, with 76.4% of entire 96.70/94.30 fall being retraced so far. Pullback on overbought hourlies, should ideally find support at 95.70/50 zone, before fresh extension higher, with sustained break above 96.00, to attract 96.50/70 highs for retest. Bull trendline off 94.30 low, stands at 95.20 and only break here would revive bears.

Res: 96.12, 96.25, 96.50, 96.70
Sup: 95.65, 94.47, 95.20, 95.00

AUD/USD

No changes in Aussie’s price action seen in the past few sessions, as the upside remains capped at 1.04 zone. Lack of bullish momentum, so far limits recovery rally from 1.0114 at Fib 61.8% of 1.0597/1.0114 descend, however, the lower boundary of near-term congestion is additionally supported by ascending 200 day MA. Daily studies remain positive and keep the upside favored, while 4h indicators are losing traction and hourlies being neutral. Breakpoints stand at 1.0412 and 1.0342.

Res: 1.0400, 1.0412, 1.0456, 1.0474
Sup: 1.0350, 1.0342, 1.0300, 1.0286

 

[WindsorBrokers]

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

EUR/USD

The Euro made no action during the Asian session, with narrow range movements, concentrated around 1.2900 handle. No changes seen in the near-term technicals, compared to the previous reports, as the upside remains capped at 1.3000 breakpoint, above which near-term bears will be sidelined and the upside barriers at 1.3106/33 will come in sight. Conversely, sustained break below 1.2900 will keep the downside pressured, as 4h studies remain negative. Loss of 200 day MA at 1.2872 and Monday’s low at 1.2842, to confirm resumption of downtrend from 1.3710.

Res: 1.2941, 1.2977, 1.2994, 1.3044
Sup: 1.2875, 1.2842, 1.2800, 1.2780

GBP/USD

Cable maintains freshly established bullish tone, following break above 4-day range and test of important 1.5200. Gains were limited there, with subsequent pullback seen as corrective, as fresh strength emerges. Hourly studies are lacking momentum, however, more positive tone is seen on 4h chart, where indicators are well positioned for possible break of pivotal 1.5200/20 zone that is required to confirm bottom at 1.4830 and spark stronger corrective action of larger 1.6380/1.4830 downtrend. Weekly close above 1.5200 will be seen as supportive. Previous range floor at 1.5070 should contain corrective dips.

Res: 1.5208, 1.5220, 1.5250, 1.5315
Sup: 1.5140, 1.5100, 1.5070, 1.5026

USD/JPY

The pair remains under pressure, following an upside rejection at 96.00 barrier and fresh weakness through 94.71 higher low that threatens full retracement of 94.30/96.12 upleg. Break lower will confirm lower top at 96.12 and open way for fresh extension of pullback from 96.70 high that so far retraced 38.2% of 90.85/96.70 rally, with immediate target at 94.00, round figure and 93.80, 50% retracement. Near-term studies are negatively aligned and see the downside favored, while only lift above 96.00 would ease bear-pressure.

Res: 95.12, 95.33, 95.73, 96.12
Sup: 94.53, 94.30, 94.00, 93.80

AUD/USD

Resumption of bull-trend from 1.0114 low that was interrupted by 1.0340/1.0412 consolidation, reached our initial target at 1.0455 and keeps the upside in focus. Corrective easing on overbought hourlies, found footstep above previous range tops and 20 day EMA that keeps bulls in play for fresh extension higher and test of next targets at 1.0475 and 1.0500. Well positioned 4h studies are supportive, however, any further extension lower, as hourly studies are still in descending mode, will not be harmful for near-term bulls, while above 1.0400, also 50% retracement of 1.0362/1.0457 upleg.

Res: 1.0400, 1.0412, 1.0456, 1.0474
Sup: 1.0420, 1.0400, 1.0360, 1.0342

 

[WindsorBrokers]

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

EUR/USD

The Euro fell sharply yesterday after unsuccessful attempt above 1.3000, with 1.3047 double-top left, before the pair spiraled lower. Loss of previous low and near-term range floor, as well as close below 200 day MA, would be a signal of further weakness, as a part of broader downtrend from 1.3710, annual high. Bounce from fresh low at 1.2826, posted yesterday, is so far seen corrective and triggered by oversold hourly conditions, while 4h indicators maintain bearish tone and 20/55 day EMA’s bearish crossover, keeping the downside pressured. Rallies could extend to 1.2940/50 zone, 50% retracement of yesterday’s fall, before bears re-assert. Only regain of 1.2980 would bring some more positive tone and delay bears. As the downside remains vulnerable, possible penetration of 1.2800 psychological support and low of Sep 2012, would open way towards the next significant levels at 1.2679/60, Fib 61.8% of 1.2042/1.3710 rally and Nov 2012 low.

Res: 1.2910, 1.2937, 1.2963, 1.2977
Sup: 1.2826, 1.2800, 1.2780, 1.2750

GBP/USD

Cable maintains positive tone, correcting the recent rally that posted fresh high at 1.5259 yesterday. Cracking the previous very strong support and med-term range bottom, now reversed to resistance, suggests that further recovery is likely. As the pullback from 1.5259 was contained by bull-trendline off 1.4830 and 50% retracement of 1.5026/1.5259 upleg, 4h studies see room for fresh gains and attack at initial 1.5259/67 targets that would open psychological 1.5300 barrier and 1.5320, 21 Feb high. However, near-term downside risk is still present, as hourly studies are weak, with violation of the trendline at 1.5162 and yesterday’s low at 1.5142, to trigger fresh weakness and expose immediate targets at 1.5115/00, Fib 61.8% / round figure support.

Res: 1.5206, 1.5220, 1.5259, 1.5267
Sup: 1.5162, 1.5142, 1.5100, 1.5070

USD/JPY

The pair dipped further after completing bearish pennant and fresh weakness extended to 93.52, over 50% of 90.85/96.70 rally. Firm bearish tone, seen on 4h chart studies, keeps the downside favored for now, with 20/55 day EMA’s bearish crossover, pressuring. Corrective bounce off 93.52, faces trendline resistance / 55 day EMA at 94.60, as initial resistance, with any further extension higher, seen capped under 95.00 barrier. Continuation of bear-trend through 93.52, to open 93.00/92.90, Fib 61.8% / 05 Mar low.

Res: 94.60, 95.00, 95.12, 95.50
Sup: 93.85, 93.52, 93.00, 92.90

AUD/USD

The pair remains steady and continues to post fresh highs, following break above 1.0400 congestion. Fresh high at 1.0478, posted yesterday, comes under pressure, following shallow consolidation, with near-term focus at psychological 1.0500 resistance and 1.0526, 03 Jan high. Near-term studies are well positioned, with hourly RSI/MACD bearish divergence, so far being ignored by the price action.

Res: 1.0500, 0.0526, 1.0550, 1.0577
Sup: 1.0457, 1.0441, 1.0420, 1.0400

 

[WindsorBrokers]

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

EUR/USD

The Euro fell sharply yesterday after unsuccessful attempt above 1.3000, with 1.3047 double-top left, before the pair spiraled lower. Loss of previous low and near-term range floor, as well as close below 200 day MA, would be a signal of further weakness, as a part of broader downtrend from 1.3710, annual high. Bounce from fresh low at 1.2826, posted yesterday, is so far seen corrective and triggered by oversold hourly conditions, while 4h indicators maintain bearish tone and 20/55 day EMA’s bearish crossover, keeping the downside pressured. Rallies could extend to 1.2940/50 zone, 50% retracement of yesterday’s fall, before bears re-assert. Only regain of 1.2980 would bring some more positive tone and delay bears. As the downside remains vulnerable, possible penetration of 1.2800 psychological support and low of Sep 2012, would open way towards the next significant levels at 1.2679/60, Fib 61.8% of 1.2042/1.3710 rally and Nov 2012 low.

Res: 1.2910, 1.2937, 1.2963, 1.2977
Sup: 1.2826, 1.2800, 1.2780, 1.2750

GBP/USD

Cable maintains positive tone, correcting the recent rally that posted fresh high at 1.5259 yesterday. Cracking the previous very strong support and med-term range bottom, now reversed to resistance, suggests that further recovery is likely. As the pullback from 1.5259 was contained by bull-trendline off 1.4830 and 50% retracement of 1.5026/1.5259 upleg, 4h studies see room for fresh gains and attack at initial 1.5259/67 targets that would open psychological 1.5300 barrier and 1.5320, 21 Feb high. However, near-term downside risk is still present, as hourly studies are weak, with violation of the trendline at 1.5162 and yesterday’s low at 1.5142, to trigger fresh weakness and expose immediate targets at 1.5115/00, Fib 61.8% / round figure support.

Res: 1.5206, 1.5220, 1.5259, 1.5267
Sup: 1.5162, 1.5142, 1.5100, 1.5070

USD/JPY

The pair dipped further after completing bearish pennant and fresh weakness extended to 93.52, over 50% of 90.85/96.70 rally. Firm bearish tone, seen on 4h chart studies, keeps the downside favored for now, with 20/55 day EMA’s bearish crossover, pressuring. Corrective bounce off 93.52, faces trendline resistance / 55 day EMA at 94.60, as initial resistance, with any further extension higher, seen capped under 95.00 barrier. Continuation of bear-trend through 93.52, to open 93.00/92.90, Fib 61.8% / 05 Mar low.

Res: 94.60, 95.00, 95.12, 95.50
Sup: 93.85, 93.52, 93.00, 92.90

AUD/USD

The pair remains steady and continues to post fresh highs, following break above 1.0400 congestion. Fresh high at 1.0478, posted yesterday, comes under pressure, following shallow consolidation, with near-term focus at psychological 1.0500 resistance and 1.0526, 03 Jan high. Near-term studies are well positioned, with hourly RSI/MACD bearish divergence, so far being ignored by the price action.

Res: 1.0500, 0.0526, 1.0550, 1.0577
Sup: 1.0457, 1.0441, 1.0420, 1.0400

 

[WindsorBrokers]

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

EUR/USD

The single currency erased recent gains on yesterday’s fall, as risk-off mode returns to play. Failure to clear important 1.3200 barrier, left a double-top that triggered sharp fall to psychological 1.3000 support. Denting the near-term base above 1.3000, turns the sentiment negative, as 4h indicators are breaking below their midlines and price holds below 20 and 55 day EMA’s that keeps the downside at increased risk. Break of initial 1.3000 support to open for further easing, with next level to watch at 1.2972/18, 50% / 61.8% of 1.2744/1.3200 rally. Recovery attempts are seen limited for now, with 1.3100 barrier, 50% of yesterday’s fall and near 20/55 EMA’s bearish crossover, seen capping.

Res: 1.3075, 1.3100, 1.3122, 1.3150
Sup: 1.3020, 1.3000, 1.2972, 1.2918

GBP/USD

Cable remains in a negative mode, following upside rejection at 1.5400, with 4h H&S pattern being completed on a break below the neckline at 1.5270. Fresh extension below the latter that also marks previous tops, keeps the downside at risk, with psychological 1.5200 support being in near-term focus, as the price retraced 50% of 1.5032/1.5410 upleg. Hourly indicators are pointing higher, correcting the oversold conditions, butt holding in the red territory, while 4h studies maintain negative tone and the price holds below moving averages. Downside targets lie at 1.5200 and 1.5175, with corrective rallies expected to be limited under 1.5300/40 barriers.

Res: 1.5300, 1.5316, 1.5340, 1.5378
Sup: 1.5220, 1.5200, 1.5175, 1.5120

USD/JPY

The pair stabilizes around 98.00 level, following recovery rally from fresh low at 95.80, posted on 16 Apr. Near-term price action is entrenched within 97.20/98.40 consolidation range, with hourly structure holding neutral tone. Slight improvement on 4h studies still lacks momentum for fresh extension higher that requires break above range top at 98.42, to expose next barrier at 99.00 and shift near-term focus higher. Conversely, loss of range bottom at 97.20, would risk fresh weakness.

Res: 98.42, 98.70, 99.00, 99.52
Sup: 97.62, 97.20, 97.00, 96.57

AUD/USD

The pair remains under pressure, as near-term corrective phase, capped at 1.0400, has been completed and the price posted fresh low at 1.0267. With near-term studies maintaining negative tone and risk-aversion being in play, further weakness is seen as likely scenario, with Fib 76.4% at 1.0224 and psychological 1.0200 levels seen as next target. However, overextended 4h conditions, do not rule out fresh corrective action that is seen for now capped at 1.0400.

Res: 1.0332, 1.0375, 1.0400, 1.0435
Sup: 1.0280, 1.0267, 1.0224, 1.0200