Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

Continues to correct higher from 1.1875, fresh four year low, posted on 07 Jun. Latest upswing off 1.1954 higher low now approaching 1.2180, 38.2% retracement of 1.2671/1.1875 downleg. Break here is needed to extends correction to 1.2215/72. Dips should be contained by 1.1954 to maintain immediate bears.

Res: 1.2148, 1.2180, 1.2215, 1.2272
Sup: 1.2073, 1.2010, 1.1954, 1.1901

GBP/USD

The corrective phase off 1.4230 looks set to continue towards 1.4771 and possibly 1.4876, as market extends gains from 1.4344 higher low. Eventual lower high sought for a return to weakness and an attempt for retest of 1.4344 and 1.4230.

Res: 1.4769, 1.4793, 1.4860, 1.4874
Sup: 1.4652, 1.4606, 1.4559, 1.4508

USD/JPY
Attempting to break up from a descending wedge to signal strength towards 92.07, 07 Jun high, and possibly 92.43, upper boundary of five week triangle. Break here would open 92.87 next. Downside, 90.95/83 zone supports for now and potential loss here to weaken the immediate tone for 90.53/89.91.

Res: 91.92, 92.07, 92.20, 92.43
Sup: 91.31, 90.85, 90.83, 90.53

USD/CHF

Corrective phase off 1.1730 reached 1.1396, just above 1.1375, channel support. Break below the latter to extend correction and turn focus to 1.1266, while regain of minimum 1.1502 is needed to firm tone for 1.1553 and channel resistance at 1.1602.

Res: 1.1502, 1.1533, 1.1553, 1.1602
Sup: 1.1396, 1.1375, 1.1325, 1.1300

 

[WindsorBrokers]

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

EUR/USD

Extends recovery from 1.1875, fresh four year low, posted on 07 Jun, with immediate resistance now standing at 1.2215. Break here will open 1.2272, 50% retracement of 1.2671/1.1875 downleg. 1.2110 now offers initial support, while loss of 1.2045 would trigger fresh bears.

Res: 1.2215, 1.2272, 1.2325, 1.2355
Sup: 1.2110, 1.2074, 1.2045, 1.2010

GBP/USD

Latest consolidation in a daily time frame is likely part of a larger bearish continuation pattern. A break below 1.4501, last Friday's low, will increase bearish sentiment and open 1.4344 first, ahead of possible extension to 1.4257/30, while upside clearance of 1.4769 strengthens the tone for 1.4874 next.

Res: 1.4758, 1.4769, 1.4793, 1.4860
Sup: 1.4550, 1.4539, 1.4501, 1.4476

USD/JPY

Break of last week’s 4 day wedge break has signaled a fresh strength to pressure 92.07. Clearance here opens two trendline at 92.33 and 92.59, with break above these levels expected to trigger a near-term bull phase towards 92.87/94. Loss of 91.21 support, however, turns the focus lower.

Res: 92.07, 92.20, 92.43, 92.87
Sup: 91.59, 91.21, 90.85, 90.83

USD/CHF

Upswing off the lower shallow corrective channel from 1.1730, fell just shy of 1.1553 resistance, ahead of fresh weakness. This now suggests further near-term congestive trade, with 1.1396/70 expected to hold. Break above 1.1545/54 is needed to firm and open 1.1602 next.

Res: 1.1502, 1.1533, 1.1553, 1.1602
Sup: 1.1396, 1.1375, 1.1325, 1.1300

 

[WindsorBrokers]

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

EUR/USD

Continues to extend the recovery phase off 1.1875, 2010 low, posted 07 Jun. 1.2215 resistance now being breached, with 1.2272, 50% retracement of the 1.2671/1.1875 decline, tested. Clear break here opens 1.2325, 03 Jun high, next. Immediate support now stands at 1.2162.

Res: 1.2272, 1.2325, 1.2355, 1.2380
Sup: 1.2162, 1.2110, 1.2074, 1.2045

GBP/USD

Extended the latest rally off 1.4501, last Friday’s higher low, to break through 1.4758/69 resistance zone, with 1.4786 reached so far. Needs to sustain gains to firm tone for fresh push higher, with 1.4875/1.4915 seen near-term. Loss of 1.4501, however, weakens the outlook and brings underlying bears back in play.

Res: 1.4786, 1.4860, 1.4875, 1.4915
Sup: 1.4643, 1.4550, 1.4501, 1.4476

USD/JPY

Break of last week’s 4 day wedge break has signaled a fresh strength to pressure 92.07. Clear break here opens two trendline resistances at 92.33 and 92.59, with break above these levels expected to trigger a near-term bull phase towards 92.87/94. Loss of 91.21 support, however, turns the focus lower.

Res: 92.33, 92.59, 92.87, 92.94
Sup: 91.59, 91.21, 90.85, 90.83

USD/CHF

Left a lower top at 1.1545 last Friday, just below 1.1553 strong resistance, before fresh weakness, as the market continues to correct lower from 1.1730, 01 Jun annual high. The latest break below 1.1377 opens 1.1266, 18 May low next.

Res: 1.1421, 1.1473, 1.1502, 1.1545
Sup: 1.1348, 1.1325, 1.1300, 1.1266

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:45 GMT)

EUR/USD

Extended recovery off 1.1875, fresh yearly low, clearing 1.2272 resistance, to reach 1.2297 high thus far. Immediate pullback followed, with 1.2162 offering initial support, and while above here, scope remains for fresh push higher. Break above 1.2297 to expose 1.2325/66. Loss of 1.2162/49, however, allows stronger correction towards 1.2110/1.2045.

Res: 1.2232, 1.2297, 1.2325, 1.2355
Sup: 1.2162, 1.2149, 1.2110, 1.2074

GBP/USD

Ascend from 1.4230, 20 May low, is still seen corrective with yesterday’s break above 1.4769 signaling the scope for a test of 1.4874, 50% retracement of 1.5518/1.4230 downleg, with 1.4807 being reached so far. An eventual lower high is expected for a return to 1.4230.

Res: 1.4773, 1.4807, 1.4820, 1.4860
Sup: 1.4695, 1.4668, 1.1607, 1.4501

USD/JPY

Break of last week’s 4 day wedge extended gains to 92.10, ahead of 92.33/59, key trendline resistances. Immediate reversal cleared 91.59/21 supports, approaching now key 90.95/83 levels and triangle support at 90.76, break of which will turn near-term tone negative.

Res: 91.69, 92.10, 92.20, 92.33
Sup: 90.95, 90.83, 90.76, 90.53

USD/CHF

Continues to trend lower off 1.1730 peak, with fresh low of 1.1348 reached yesterday. Bounce from here followed, currently attempting at 1.1473. Clearance of the latter will open way for further correction and focus 1.1545/53. Failure to do so, keeps immediate bears in play for 1.1348 retest and possible extension to 1.1266.

Res: 1.1473, 1.1502, 1.1545, 1.1553
Sup: 1.1395, 1.1348, 1.1325, 1.1300

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (13:50 GMT)

EUR/USD

Yesterday’s pullback from 1.2297 has found ground just above 1.2162 support, to continue recovery phase off 1.1875. The latest attempt through 1.2297 signals fresh upside extension, targeting 1.2325, 03 June high and then 1.2366, 61.8% retracement of 1.2671/1.1875 decline. 1.2168/62 underpins the rally, while only loss of 1.2045 weakens the outlook.

Res: 1.2325, 1.2355, 1.2380, 1.2430
Sup: 1.2162, 1.2149, 1.2110, 1.2074

GBP/USD

Ascend from 1.4230, 20 May low, is still seen corrective with yesterday’s break above 1.4769 signaling the scope for a test of 1.4874, 50% retracement of 1.5518/1.4230 downleg, with renewed attempt at 1.4807 now under way. An eventual lower high is expected for a return to 1.4230, while 1.5026/50 caps.

Res: 1.4887, 1.4820, 1.4860, 1.4915
Sup: 1.4680, 1.4657, 1.4607, 1.4501

USD/JPY

Break of last week’s 4 day wedge extended gains to 92.10, ahead of 92.33/59, key trendline resistances. Immediate reversal cleared a series of supports supports, approaching now key 90.95/83 levels and triangle support at 90.76, break of which will turn near-term tone negative.

Res: 91.68, 92.10, 92.20, 92.33
Sup: 90.95, 90.83, 90.76, 90.53

USD/CHF

Continues to trend lower off 1.1730 peak, with fresh low of 1.1348 reached yesterday. Corrective attempt stalled at 1.1478, with sharp decline followed. Retest of 1.1348 support is under way, and break here will open way towards key 1.1266 level. Only reversal above 1.1478 would ease bear pressure.

Res: 1.1417, 1.1478, 1.1502, 1.1545
Sup: 1.1348, 1.1325, 1.1300, 1.1266

 

[WindsorBrokers]

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

EUR/USD

Extends recovery off 1.1875, with fresh upleg from 1.2162, yesterday’s higher low, underway. 1.2325 resistance has been cleared, and 1.2366 is seen next. Break here to open key 1.2451, 28 May high. 1.2297, former resistance, now offers initial support. Loss of 1.2162 sidelines near-term bulls.

Res: 1.2355, 1.2366, 1.2380, 1.2430
Sup: 1.2297, 1.2260, 1.2240, 1.2162

GBP/USD

Continues to edge towards retracement target at 1.4874, where a lower high has the potential to form. Rise off 1.4230 remains corrective in nature with an eventual re-test of 1.4230 expected, and potential break here to open 1.3500 zone short-term.

Res: 1.4836, 1.4874, 1.4915, 1.4960
Sup: 1.4714, 1.4680, 1.4657, 1.4607

USD/JPY

Remains locked within a tightening range following the 88.95 to 92.94 rally. Extremes now lie at 91.06 and 92.10. Immediate gains could test near 92.10, break of which would open 4 week triangle resistance at 92.60. Loss of 91.06 opens 90.83/53 next.

Res: 91.95, 92.10, 92.20, 92.33
Sup: 91.06, 90.95, 90.83, 90.76

USD/CHF

Yesterday’s recovery attempt left a lower top at 1.1478, ahead of fresh weakness. Current downleg is breaking below falling channel off 1.1730 high, with further losses through 1.1266, seen towards 1.1235/1.1188. Potential recovery seeks a lower top under 1.1480.

Res: 1.1348, 1.1417, 1.1478, 1.1502
Sup: 1.1266, 1.1245, 1.1235, 1.1188

 

[WindsorBrokers]

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

EUR/USD

Extended recovery phase off 1.1875, with latest upleg from 1.2162, yesterday’s higher low, stalling at 1.2352. Shallow correction followed, with 1.2240 expected to contain and keep immediate bulls in play. The initial target stands at 1.2366, and break here to open key 1.2451, 28 May high. Loss of 1.2162 sidelines near-term bulls.

Res: 1.2355, 1.2366, 1.2380, 1.2430
Sup: 1.2254, 1.2240, 1.2162, 1.2110

GBP/USD

Continues to edge towards retracement target at 1.4874, where a lower high has the potential to form. Rise off 1.4230 remains corrective in nature with an eventual re-test of 1.4230 expected, and potential break here to open 1.3500 zone short-term.

Res: 1.4836, 1.4874, 1.4915, 1.4960
Sup: 1.4714, 1.4680, 1.4657, 1.4607

USD/JPY

Remains locked within a tightening range following the 88.95 to 92.94 rally. Extremes now lie at 91.06 and 92.10. Immediate gains could test near 92.10, break of which would open 4 week triangle resistance at 92.60. Loss of 91.06 opens 90.83/53 next.

Res: 91.95, 92.10, 92.20, 92.33
Sup: 91.06, 90.95, 90.83, 90.76

USD/CHF

Yesterday’s recovery attempt left a lower top at 1.1478, ahead of fresh weakness. Current downleg is breaking below falling channel off 1.1730 high, with further losses through 1.1266, seen towards 1.1235/1.1188. Potential recovery seeks a lower top under 1.1480.

Res: 1.1348, 1.1417, 1.1478, 1.1502
Sup: 1.1266, 1.1245, 1.1235, 1.1188

 

[WindsorBrokers]

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

EUR/USD

Recovery from 1.1875 stalled at 1.2353 yesterday, ahead of reversal. Loss of 1.2254 trendline support, now risks stronger pullback, to challenge key 1.2162 support. Upside, regain of 1.2353 is needed to resume recovery and expose 1.2454, 28 May high, next.

Res: 1.2336, 1.2353, 1.2366, 1.2380
Sup: 1.2240, 1.2214, 1.2162, 1.2110

GBP/USD

Failed to sustain gains towards 1.4874, 50% retracement of 1.5523/1.4230 decline yesterday, to reach 1.4854, ahead of strong reversal. Today’s break below 1.4680 trendline support, increases risk of revisiting key 1.4501 level, break of which will turn the sentiment bearish. Only regain of 1.4854 would bring near-term bulls back to play.

Res: 1.4749, 1.4835, 1.4854, 1.4874
Sup: 1.4644, 1.4607, 1.4571, 1.4501

USD/JPY

Remains locked within a tightening range following the 88.95 to 92.94 rally. A triangle has developed over the last six weeks, warning of an imminent breakout. Downside, 91.06/90.97 area offers immediate support, and while above here, bulls remain favored. Otherwise, break below triangle lower boundary risks fresh weakness to 90.83/53 initially.

Res: 91.81, 91.95, 92.10, 92.20
Sup: 91.06, 90.97, 90.83, 90.53

USD/CHF

Continues to trend lower off 1.1730 yearly low, with today’s break out of the channel and loss of key 1.1266/35 support, extending losses towards 1.1150, 14 May low, next. Upside, 1.1340/48 offers immediate cap.

Res: 1.1290, 1.1340, 1.1348, 1.1396
Sup: 1.1150, 1.1117, 1.1075, 1.1060

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (13:30 GMT)

EUR/USD

Corrected lower following yesterday’s upside rejection at 1.2353, to find foothold at 1.2240, ahead of fresh strength. Today’s clearance of 1.2353/66 resistance zone, now eyes 1.2454, 28 May high, with 1.2395 seen so far. Initial support now stands at 1.2240.

Res: 1.2395, 1.2454, 1.2525, 1.2560
Sup: 1.2240, 1.2214, 1.2162, 1.2110

GBP/USD

Dipped to1.4644 today, following reversal off 1.4854, yesterday’s high. Strong rally emerged from 1.4644, bringing near-term bulls back to play, with clearance of 1.4854 needed to resume gains towards 1.4874/1.4917. Downside, 1.4644 now underpins the advance, while only loss of 1.4501 weakens the structure.

Res: 1.4835, 1.4854, 1.4874, 1.4917
Sup: 1.4644, 1.4607, 1.4571, 1.4501

USD/JPY

A large multi-week triangle has developed over the last six weeks amid tightening consolidation, warning of an imminent breakout. Break below 90.83 would confirm a downside break that opens 90.53/89.80 first. Regain of 91.49 is needed to stabilize.

Res: 91.49, 91.81, 91.95, 92.10
Sup: 90.91, 90.83, 90.53, 90.10

USD/CHF

Continues to trend lower off 1.1730 yearly low, with today’s break out of the channel and loss of key 1.1266/35 support, extending losses towards 1.1083, 50% retracement of 1.0433/1.1730 ascend. Upside, 1.1340/48 caps.

Res: 1.1249, 1.1290, 1.1340, 1.1348
Sup: 1.1111, 1.1083, 1.1060, 1.1035

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (09:30 GMT)

EUR/USD

Recovery off 1.1875, 07 Jun annual low, breached 1.2352 resistance yesterday, to open 1.2454/1.2485, 28 May high/76.4% retracement of 1.2671/1.1875 descend. 1.2345/39 should now underpin advance, while key support now stands at 1.2240, yesterday’s low, and break below here to signal bear resumption.

Res: 1.2415, 1.2454, 1.2485, 1.2525
Sup: 1.2339, 1.2316, 1.2240, 1.2214

GBP/USD

Strong recovery emerged after market’s upside failure at 1.4854 and dip to 1.4644 yesterday. Bulls cleared 1.4854/74, key resistance area, to extend gains to 1.4885 thus far. Scope is seen for potential test of 1.4917, 13 May high next, though, bearish medium-term outlook suggests lower top, ached of fresh weakness.

Res: 1.4885, 1.4917, 1.5005, 1.5054
Sup: 1.4771, 1.4747, 1.4718, 1.4644

USD/JPY

Broke lower from a 9 day triangle yesterday, dropping to 90.50, before finding a short-term foothold. Hourly studies are negative, with 91.07 expected to cap, for fresh push lower through 90.50, to target 89.81, 26 May low. Upside, regain of 91.09 opens 91.49 instead.

Res: 91.07, 91.49, 91.81, 91.95
Sup: 90.50, 90.10, 89.80, 89.21

USD/CHF

Continues to trend lower off 1.1730 yearly low, retracing the earlier strength. Congestive support around 1.1083/55 now being pressured and break below here risks 1.1036/1.0924. 1.1155/1.1249 should now cap the upside.

Res: 1.1154, 1.1249, 1.1290, 1.1340
Sup: 1.1083, 1.1055, 1.1036, 1.1007

 

[WindsorBrokers]

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

EUR/USD

Extends near-term recovery phase off 1.1875, 2010 low, posted 07 Jun, with fresh high of 1.2468 reached earlier today. A higher platform at 1.2350 now underpins advance for a push to 1.2525/1.2560. Under 1.2350/39 would shift focus lower and expose 1.2240, 17 Jun low.

Res: 1.2415, 1.2454, 1.2485, 1.2525
Sup: 1.2350, 1.2339, 1.2315, 1.2240

GBP/USD

Continues to trade within the hourly rising wedge, with scope now seen for fresh gains towards 1.4965, wedge resistance. Potential break here would expose 1.5000/50 next, while 1.4771 underpins. Medium-term outlook, however, keeps return to 1.4230 favored.

Res: 1.4885, 1.4917, 1.5005, 1.5054
Sup: 1.4771, 1.4747, 1.4718, 1.4644

USD/JPY

Extends the short-term reversal off 94.97, 05 May peak, 90.22, fresh low, seen overnight. Next target stands at 89.80, break of which will expose 88.95/87, 20 May low / trendline off 84.80, support. Upside attempts seen capped by 91.07 for now.

Res: 91.07, 91.49, 91.81, 91.95
Sup: 90.22, 89.80, 89.21, 88.95

USD/CHF

Declines off the 1.1730, 01 Jun yearly high, extend through 1.1060/36 supports, to target next extension at 1.0924, with 1.0995 seen so far. Only regain of 1.1092, intraday peak, would open fresh recovery towards 1.1154, and delay immediate bears.

Res: 1.1092, 1.1154, 1.1249, 1.1290
Sup: 1.1007, 1.0995, 1.0924, 1.0840

 

[WindsorBrokers]

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

EUR/USD

Extends near-term recovery phase off 1.1875, 2010 low, posted 07 Jun, with fresh high of 1.2468 reached earlier today. A higher platform at 1.2350 now underpins advance for a push to 1.2525/1.2560. Under 1.2350/39 would shift focus lower and expose 1.2240, 17 Jun low.

Res: 1.2410, 1.2468, 1.2485, 1.2525
Sup: 1.2339, 1.2315, 1.2240, 1.2162

GBP/USD

Continues to trade within the hourly rising wedge, with scope now seen for fresh gains towards 1.4965, wedge resistance. Potential break here would expose 1.5000/50 next, while 1.4771 underpins. Medium-term outlook, however, keeps return to 1.4230 favored.

Res: 1.4885, 1.4935, 1.5005, 1.5054
Sup: 1.4771, 1.4747, 1.4718, 1.4644

USD/JPY

Accelerated decline off 92.10, 14 June lower top, after break below triangle support at 91.08, to hit fresh low of 90.22 today. Strong recovery emerged, clearing 91.07, en-route to 91.49/81, strong resistance area. Break here is needed to confirm higher low and resume gains towards 92.10.

Res: 91.49, 91.81, 91.95, 92.10
Sup: 90.22, 89.80, 89.21, 88.95

USD/CHF

Declines off the 1.1730, 01 Jun yearly high, extend through 1.1060/36 supports, to target next extension at 1.0924, with 1.0995 seen so far. Recovery attempt now under way, with 1.1092 been dented, but clear break here and through 1.1249 to signal stronger recovery. Otherwise, risk remains for lower top, ahead of fresh weakness.

Res: 1.1154, 1.1249, 1.1290, 1.1348
Sup: 1.1007, 1.0995, 1.0924, 1.0840

 

[WindsorBrokers]

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

EUR/USD

Recovery phase off 1.1875 2010 low, posted 07 Jun, stalled at 1.2468 yesterday, near 76.4% retracement of 1.2671/1.1875 downleg. Trendline support at 1.2373 and a higher platform at 1.2339, have been lost, exposing key 1.2240, 17Jun low, support. Forming higher low above here will keep immediate bulls in play, while break lower risks bear resumption.

Res: 1.2353, 1.2398, 1.2415, 1.2468
Sup: 1.2283, 1.2240, 1.2162, 1.2110

GBP/USD

Yesterday’s break above hourly rising wedge resistance failed to sustain gains, stalling at 1.4935, ahead of reversal. Break below trendline support at 1.4800 confirms a false break higher. Immediate support now stands at 1.4710, 38.2% retracement of 1.4344/1.4935 rise, break of which to expose 1.4644. Upside, 1.4935 caps for now and only clear break here to resume bulls.

Res: 1.4805, 1.4854, 1.4885, 1.4935
Sup: 1.4710, 1.4644, 1.4607, 1.4571

USD/JPY

Recovery off 90.22, yesterday’s low, stalled at 91.49, falling trendline drawn off 04 Jun high, ahead of reversal. This now seeks a swing low over 90.22, while re-defining a 5 weeks triangle. Bias remains for an eventual downside break.

Res: 91.21, 91.49, 91.81, 91.95
Sup: 90.62, 90.22, 89.80, 89.21

USD/CHF

Spiked lower yesterday, to post fresh 5 weeks low at 1.0995, before bouncing. Structure so far suggests this is corrective ahead of next downside attempt through 1.0995, towards 1.0924, near 61.8% retracement of 1.0435/1.1730 upleg. Upside, 1.1208/25 caps for now.

Res: 1.1136, 1.1154, 1.1225, 1.1249
Sup: 1.1068, 1.1007, 1.0995, 1.0924

 

[WindsorBrokers]

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

EUR/USD

Recovery phase off 1.1875 2010 low, posted 07 Jun, stalled at 1.2468 yesterday, near 76.4% retracement of 1.2671/1.1875 downleg. Trendline support at 1.2373 and a higher platform at 1.2339, have been lost, exposing key 1.2240, 17Jun low, support. Forming higher low above here will keep immediate bulls in play, while break lower risks bear resumption.

Res: 1.2327, 1.2353, 1.2398, 1.2415
Sup: 1.2240, 1.2214, 1.2162, 1.2110

GBP/USD
Yesterday’s break above hourly rising wedge resistance failed to sustain gains, stalling at 1.4935, ahead of reversal. Break below trendline support at 1.4800 confirms a false break higher. 1.4710, 38.2% retracement of 1.4344/1.4935 rise, has been taken, with 1.4686 seen, ahead of strong push higher. 1.4935 caps for now, with lower top below here favored. Only break here to resume bulls.

Res: 1.4854, 1.4885, 1.4935, 1.4965
Sup: 1.4686, 1.4644, 1.4607, 1.4571

USD/JPY

Recovery off 90.22, yesterday’s low, stalled at 91.49, falling trendline drawn off 04 Jun high, ahead of reversal. This now seeks a swing low over 90.22, while re-defining a 5 weeks triangle. Bias remains for an eventual downside break.

Res: 91.09, 91.21, 91.49, 91.81
Sup: 90.49, 90.22, 89.80, 89.21

USD/CHF

Spiked lower yesterday, to post fresh 5 weeks low at 1.0995, before bouncing. Structure so far suggests this is corrective ahead of next downside attempt through 1.0995, towards 1.0924, near 61.8% retracement of 1.0435/1.1730 upleg. Upside, 1.1208/25 caps for now.

Res: 1.1136, 1.1154, 1.1225, 1.1249
Sup: 1.1068, 1.1007, 1.0995, 1.0924

 

[WindsorBrokers]

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

EUR/USD

Extends reversal after an upside failure at 1.2468 on 21 Jun. Market has so far found support at 1.2243/40, 38.2% retracement of 1.1875/1.2468 upleg / 17 June higher platform, though, risk remains for fresh weakness through 1.2240, to target 1.2162 next. Upside, break above 1.2327/53 zone is needed to ease bear pressure and refocus 1.2468.

Res: 1.2327, 1.2353, 1.2398, 1.2415
Sup: 1.2243, 1.2214, 1.2162, 1.2110

GBP/USD

Reversed lower, following an upside failure at 1.4935 on 21 June. Yesterday’s break below trendline support reached 1.4686, ahead of strong bounce. Today’s break of 1.4854 and pressure at 1.4885 resistances, increases hopes for retest of 1.4935, though, risk of lower top and fresh weakness is not ruled out.

Res: 1.4885, 1.4935, 1.4965, 1.5005
Sup: 1.4779, 1.4737, 1.4686, 1.4644

USD/JPY

Recovery off 90.22, 21 June low, stalled at 91.47, falling trendline drawn off 04 Jun high, ahead of reversal. This now seeks a swing low over 90.22, while re-defining a 5 weeks triangle. Bias remains for an eventual downside break.

Res: 90.78, 91.09, 91.21, 91.47
Sup: 90.33, 90.22, 89.80, 89.21

USD/CHF

Spiked lower, to post fresh 5 weeks low at 1.0995 on 21 June, before bouncing. Structure so far suggests this is corrective ahead of next downside attempt through 1.0995, towards 1.0924, near 61.8% retracement of 1.0435/1.1730 upleg. Break above 1.1136/54 is needed to trigger fresh strength.

Res: 1.1136, 1.1154, 1.1225, 1.1249
Sup: 1.1033, 1.1007, 1.0995, 1.0924

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (13:45 GMT)

EUR/USD

Extends reversal after an upside failure at 1.2468 on 21 Jun. Market has so far found support at 1.2243/40, 38.2% retracement of 1.1875/1.2468 upleg / 17 June higher platform, though, risk remains for fresh weakness through 1.2240, to target 1.2162 next. Upside, break above 1.2327/53 zone is needed to ease bear pressure and refocus 1.2468.

Res: 1.2327, 1.2353, 1.2398, 1.2415
Sup: 1.2243, 1.2214, 1.2162, 1.2110

GBP/USD

Reversed lower, following an upside failure at 1.4935 on 21 June. Yesterday’s break below trendline support reached 1.4686, ahead of strong bounce. Clearance 1.4854/85 resistance zone, resulted in attempt through 1.4935, clear break of which would open 1.5054 next. However, risk of a lower top still exists, ahead of fresh weakness.

Res: 1.5005, 1.5030, 1.5044, 1.5052
Sup: 1.4779, 1.4737, 1.4686, 1.4644

USD/JPY

Recovery off 90.22, 21 June low, stalled at 91.47, falling trendline drawn off 04 Jun high, ahead of reversal. The latest break below 90.22 now opens 89.80, possibly 88.95 on a break. Regain of 91.05/09 to ease immediate bear pressure.

Res: 90.59, 90.78, 91.09, 91.47
Sup: 89.80, 89.21, 88.95, 88.83

USD/CHF

Spiked lower, to post fresh 5 weeks low at 1.0995 on 21 June, before bouncing. Structure so far suggests this is corrective ahead of next downside attempt through 1.0995, towards 1.0924, near 61.8% retracement of 1.0435/1.1730 upleg. Break above 1.1136/54 is needed to trigger fresh strength.

Res: 1.1136, 1.1154, 1.1225, 1.1249
Sup: 1.1033, 1.1007, 1.0995, 1.0924

 

[WindsorBrokers]

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

EUR/USD

Reversal off 1.2468, 21 June high, cleared 1.2243/40 levels, and found support at 1.2208 yesterday, ahead of bounce. This so far attempted at 1.2353, though clear break here is required to sustain recovery for retest of 1.2468, otherwise, forming a lower top and fresh weakness would be likely scenario. Break below 1.2208 to expose 1.2162 next.

Res: 1.2353, 1.2398, 1.2415, 1.2468
Sup: 1.2270, 1.2243, 1.2208, 1.2162

GBP/USD

Continues to channel higher, with the latest push off 1.4686, 22 June higher low, breaking through 1.4935/41 resistance zone, to post fresh high at 1.4998 today. Scope is now seen for test of 1.5030, 61.8% retracement of 1.5523/1.4230 decline; 1.5044/52, 12/10 May highs and final attempt at 1.5060, upper channel boundary. Immediate support lies at 1.4857/13 and loss of the latter to delay short-term bulls.

Res: 1.5005, 1.5030, 1.5044, 1.5052
Sup: 1.4857, 1.4813, 1.4801, 1.4748

USD/JPY
Continues to trend lower off 91.47, 21 June key lower top. The latest break below 89.72, yesterday’s low, now opens 89.21, 25 May low, next. Below here to focus 88.95, medium-term trendline/20 May low, and 87.96, 20 May annual low. 90.59, 23 Jun high, should cap for now.

Res: 90.32, 90.59, 90.78, 91.09
Sup: 89.21, 88.95, 88.14, 87.96

USD/CHF

Spiked lower, to post fresh 5 weeks low at 1.0995 on 21 June, before bouncing. Structure so far suggests this is corrective ahead of next downside attempt through 1.0995, towards 1.0924, near 61.8% retracement of 1.0435/1.1730 upleg. Break above 1.1136/54 is needed to trigger fresh strength.

Res: 1.1136, 1.1154, 1.1225, 1.1249
Sup: 1.1019, 1.1007, 1.0995, 1.0924

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (14:10 GMT)

EUR/USD

Reversal off 1.2468, 21 June high found support at 1.2208 yesterday, ahead of bounce, with 1.2350 seen so far, just below key 1.2353 resistance. Break here is required to sustain recovery for retest of 1.2468, otherwise, forming a lower top and fresh weakness would be likely scenario. Break below 1.2208 to expose 1.2162 next.

Res: 1.2353, 1.2398, 1.2415, 1.2468
Sup: 1.2243, 1.2208, 1.2162, 1.2110

GBP/USD

Continues to channel higher, with the latest push off 1.4686, 22 June higher low, breaking through 1.4935/41 resistance zone, to post fresh high at 1.5012 today. Scope is now seen for test of 1.5030, 61.8% retracement of 1.5523/1.4230 decline; 1.5044/52, 12/10 May highs and final attempt at 1.5060, upper channel boundary. Channel support lies at 1.4760.

Res: 1.5012, 1.5030, 1.5044, 1.5052
Sup: 1.4930, 1.4849, 1.4813, 1.4801

USD/JPY

Continues to trend lower off 91.47, 21 June key lower top. Today’s break below 89.72 support, focuses 89.21, 25 May low, next. Below here to focus 88.95, medium-term trendline/20 May low, and 87.96, 20 May annual low. 89.97/90.32 should cap for now.

Res: 89.97, 90.32, 90.59, 90.78
Sup: 89.21, 88.95, 88.14, 87.96

USD/CHF

Spiked lower, to post fresh 5 weeks low at 1.0995 on 21 June, before bouncing. A bear flag has now been completed and this suggests a drop below 1.0995 to test 1.0924, 10 May low/ near 61.8% retracement of 1.0435/1.1730 upleg. Clearance above 1.1136/54 needed to defer.

Res: 1.1136, 1.1154, 1.1225, 1.1249
Sup: 1.1019, 1.1007, 1.0995, 1.0924

 

[WindsorBrokers]

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

EUR/USD

Reversal off 1.2468, 21 June high found good support at 1.2208, with fresh strength underway. Yesterday’s clearance of 1.2353 resistance, with positive daily/hourly studies, keeps scope for renewed attempt at 1.2468, break of which to open 1.2525/54 next. Immediate support stands at 1.2305/1.2295, while loss of 1.2208 renews near-term bears.

Res: 1.2386, 1.2398, 1.2415, 1.2468
Sup: 1.2305, 1.2295, 1.2259, 1.2243

GBP/USD

Continues to channel higher, with the latest push off 1.4686, 22 June higher low, breaking through 1.4935/41 resistance zone, to post fresh high at 1.5012. Scope is now seen for test of 1.5030, 61.8% retracement of 1.5523/1.4230 decline; 1.5044/52, 12/10 May highs and final attempt at 1.5060, upper channel boundary. Channel support stands at 1.4760.

Res: 1.5012, 1.5030, 1.5044, 1.5052
Sup: 1.4849, 1.4813, 1.4801, 1.4784

USD/JPY

Continues to trend lower off 92.87, 04 June high, with scope now seen for full retracement towards 88.95 swing low. A suspected 5-wave hourly structure from 91.47, 21 Jun lower high nears completion along with diverging studies. Only regain of 89.97 high to firm the tone.

Res: 89.97, 90.32, 90.59, 90.78
Sup: 89.40, 89.21, 88.95, 88.14

USD/CHF

Highlights possible 4-day bear flag breakout, while attempting through 1.0995, 21 June previous weekly low, with scope seen for further corrective decline towards 1.0924 10 May low/ near 61.8% retracement of 1.0435/1.1730 upleg.. Above 1.1138/50 will signal base breakout.

Res: 1.1065, 1.1100, 1.1136, 1.1154
Sup: 1.0982, 1.0924, 1.0890, 1.0841

 

[WindsorBrokers]

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

EUR/USD

Remains constructive off 1.2208, 23 Jun higher low, following the earlier correction off 1.2468, 21 Jun high. Lower rejection at 1.2252, seen on 25 June, now buoys for 1.2429, ahead of key 1.2468, break of which is needed to resume recovery off 1.1875. Loss of 1.2252, however, would weaken the structure and risk 1.2208.

Res: 1.2398, 1.2415, 1.2429, 1.2468
Sup: 1.2317, 1.2280, 1.2252, 1.2208

GBP/USD
Has broken above daily rising channel, also close to 1.5031, 61.8% retracement of the 1.5523/1.4230 fall, to reach 1.5076 high thus far. Current reversal is seen corrective, ahead of fresh strength, and above 1.5076 to eye 1.5149. Only break below 1.4854 weakens outlook.

Res: 1.5076, 1.5095, 1.5149, 1.5174
Sup: 1.4973, 1.4914, 1.4885, 1.4854

USD/JPY

Continues to trend lower off 91.47, 21 June key lower top, with scope now seen for full retracement towards 88.95 swing low. An anticipated break will trigger a near-term extension to 87.96, 2010 low. 89.76 offer initial resistance, and break here is needed to ease immediate bear pressure.

Res: 89.76, 89.97, 90.32, 90.59
Sup: 89.21, 88.95, 88.14, 87.96

USD/CHF

Last week bear flag triggered a fresh weakness that has broken under 1.0924, 10 May low, to signal an extension to 1.0841, 04 May low. Break here risk 1.0728/1.0698, 03 May/ 27 Apr lows, next. Today's lower ceiling at 1.0937 now provides an immediate cap.

Res: 1.0938, 1.0952, 1.0981, 1.1045
Sup: 1.0842, 1.0728, 1.0698, 1.0674