Short Term Technical Analysis for Majors

[WindsorBrokers]

Short Term Technical Analysis for Majors (14:20 GMT)

EUR/USD
Remains constructive off 1.2208, 23 Jun higher low, following the earlier correction off 1.2468, 21 Jun high. Holding 1.2252, 25 June higher low, keeps near-term bulls in play for possible attempt towards 1.2429, and 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: 1.2280, 1.2252, 1.2208, 1.2162

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 on 25 June, ahead of shallow correction. Fresh strength now attempts through 1.5076, with sustained break here to eye 1.5149. Downside, break below 1.4854 weakens outlook.

Res: 1.5095, 1.5149, 1.5174, 1.5188
Sup: 1.5015, 1.4973, 1.4914, 1.4885

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: 89.50, 89.76, 89.97, 90.32
Sup: 88.95, 88.14, 87.96, 87.36

USD/CHF

Last week bear flag triggered a fresh weakness that has broken under 1.0924, 10 May low, and 1.0841, 04 May low. Risk is now seen for test of1.0728/1.0698, 03 May/ 27 Apr lows, next. Today's lower ceiling at 1.0937 now provides an immediate cap.

Res: 1.0889, 1.0938, 1.0952, 1.0981
Sup: 1.0810, 1.0728, 1.0698, 1.0674

 

[WindsorBrokers]

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

EUR/USD

Rally from 1.2208 and 1.2252 stalled at 1.2398 yesterday, ahead of reversal. Break below 1.2290, trendline support, and 1.2252 confirms 1.2468 as a key lower top, with scope for retest of key near-term supports1.2208 and 1.2162. Upside attempts should be capped by 1.2295.

Res: 1.2295, 1.2318, 1.2343, 1.2398
Sup: 1.2208, 1.2162, 1.2110, 1.2075

GBP/USD

Broke above 1.5031, 61.8% retracement of the 1.5523/1.4230 fall, to reach a fresh high of 1.5127 yesterday, ahead of reversal. This is so far seen corrective, while 1.5015 support holds, for fresh push higher, to target 1.5127/49. yesterday/06 May high. Loss of 1.5015, however, to risk deeper correction and open key 1.4854 support.

Res: 1.5127, 1.5149, 1.5174, 1.5188
Sup: 1.5044, 1.5015, 1.4973, 1.4914

USD/JPY

Breaks lower through a 7 month rising trendline at 88.95 to confirm potential for further weakness. Negative hourly studies confirm bear structure and 87.96 marks the next downside target, though oversold conditions suggest correction. 89.05 offer immediate resistance, ahead of 89.50/76, break of which is required to ease bear pressure.

Res: 89.05, 89.50, 89.76, 89.97
Sup: 88.95, 88.14, 87.96, 87.36

USD/CHF

Last week bear flag triggered a fresh weakness that has broken under 1.0924, 10 May low, and 1.0841, 04 May low to reach 1.0815 low so far. Risk is now seen for test of 1.0728/1.0698, 03 May/ 27 Apr lows, while 1.0937 caps.

Res: 1.0894, 1.0937, 1.0958, 1.0981
Sup: 1.0815, 1.0728, 1.0698, 1.0674

 

[WindsorBrokers]

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

EUR/USD
Rally from 1.2208 and 1.2252 stalled at 1.2398, ahead of reversal. Loss of 1.2290, trendline support, and 1.2252, confirms 1.2468 as a key lower top. Yesterday’s brief break below 1.2162 found temporary foothold at 1.2151, ahead of bounce. 1.2295 now caps for fresh push lower to target 1.2110.

Res: 1.2252, 1.2295, 1.2318, 1.2343
Sup: 1.2151, 1.2110, 1.2075, 1.2045

GBP/USD
Past two days trading action saw a break above the resistance of a daily rising wedge formation. This has failed to lead to continuation with an hourly head and shoulders formation developing instead. Break below the neckline at 1.5010 to trigger fresh weakness towards 1.4960, while lift above 1.5127 is required to resume recovery.

Res: 1.5105, 1.5127, 1.5149, 1.5174
Sup: 1.5010, 1.4973, 1.4960, 1.4914

USD/JPY

Breaks lower through a 7 month rising trendline at 88.95, to confirm potential for further weakness. Negative hourly studies confirm bear structure and 87.96 marks the next downside target, with 88.28 seen so far. 88.91/89.05 zone offer immediate resistance, ahead of 89.50/76, break of which is required to ease bear pressure.

Res: 88.91, 89.05, 89.50, 89.76
Sup: 88.28, 87.96, 87.36, 87.00

USD/CHF

Attempted below the 50% retracement of 0.9916/1.1730 upleg at 1.0823, to reach 1.0800 thus far and attract further losses towards 1.072803 May low, next. Regaining 1.0903/37 now needed to neutralize the immediate bear tone.

Res: 1.0880, 1.0903, 1.0937, 1.0958
Sup: 1.0800, 1.0728, 1.0698, 1.0674

 

[WindsorBrokers]

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

EUR/USD

Rally from 1.2208 and 1.2252 stalled at 1.2398, ahead of reversal. Loss of 1.2290, trendline support, and 1.2252, confirms 1.2468 as a key lower top. Yesterday’s brief break below 1.2162 found temporary foothold at 1.2151, ahead of bounce. 1.2295 now caps for fresh push lower to target 1.2110.

Res: 1.2304, 1.2318, 1.2343, 1.2360
Sup: 1.2204, 1.2151, 1.2110, 1.2075

GBP/USD

Past two days trading action saw a break above the resistance of a daily rising wedge formation. This has failed to lead to continuation with an hourly head and shoulders formation developing instead. Today’s break below the neckline at 1.5010 has triggered fresh weakness to test 1.4960 so far, with next levels seen at 1.4854/01. Only regain of 1.5127 improves.

Res: 1.5105, 1.5127, 1.5149, 1.5174
Sup: 1.4960, 1.4914, 1.4855, 1.4801

USD/JPY
Breaks lower through a 7 month rising trendline at 88.95, to confirm potential for further weakness. Negative hourly studies confirm bear structure and 87.96 marks the next downside target, with 88.28 seen so far. 88.91/89.05 zone offer immediate resistance, ahead of 89.50/76, break of which is required to ease bear pressure.

Res: 88.91, 89.05, 89.50, 89.76
Sup: 88.28, 87.96, 87.36, 87.00

USD/CHF

Attempted below the 50% retracement of 0.9916/1.1730 upleg at 1.0823, to reach 1.0787 thus far and attract further losses towards 1.0728, 03 May low, next. Regaining 1.0903/37 now needed to neutralize the immediate bear tone.

Res: 1.0854, 1.0880, 1.0903, 1.0937
Sup: 1.0787, 1.0728, 1.0698, 1.0674

 

[WindsorBrokers]

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

EUR/USD

Recovery phase off 1.2151, 29 June low, stalled at 1.2304 yesterday near 61.8% retracement of 1.2398 to 1.2151 decline. A retest on 1.2151 is anticipated, ahead of an eventual break lower towards 1.2110/1.2045. 1.2305 offers initial resistance, ahead 1.2345, trendline resistance.

Res: 1.2304, 1.2318, 1.2343, 1.2360
Sup: 1.2192, 1.2151, 1.2110, 1.2075

GBP/USD

Breaks through 1.4917, trendline support off 1.4344, 08 Jun low. This now increases the probability of a push below key 1.4854 support, confirming a false break higher out of a daily wedge. Under 1.4854 to expose 1.4801.

Res: 1.4974, 1.5034, 1.5072, 1.5105
Sup: 1.4854, 1.4801, 1.4740, 1.4690

USD/JPY

Break below seven week triangle and a trendline support drawn off 84.80, Nov 2009 spike low, now signal further weakness. Market approaches 87.96, annual low and potential break here to pivot 87.36 next. Short term, attempt at 84.80 is not ruled out. 88.77 should cap above.

Res: 88.77, 88.91, 89.05, 89.50
Sup: 87.96, 87.36, 87.00, 86.60

USD/CHF

The latest break below 1.0728, 03 May low, risks further decline, with 1.0698 now under pressure. Break below here opens the path to 1.0609, 61.8% retracement of the 0.9916/1.1730 ascend. Regain of 1.0854 is needed to firm the near-term outlook.

Res: 1.0765, 1.0787, 1.0854, 1.0880
Sup: 1.0698, 1.0675, 1.0654, 1.0609

 

[WindsorBrokers]

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

EUR/USD

Yesterday’s rally cleared key 1.2398 and 1.2468 resistances to complete a continuation that signaled further recovery off 1.1875, 7 Jun yearly low. Lift above 1.2468 has dented 1.2525, opening way for possible test of 1.2671. Downside, 1.2396 offers initial support, while loss of 1.2304 risks fresh weakness.

Res: 1.2539, 1.2561, 1.2599, 1.2671
Sup: 1.2462, 1.2432, 1.2396, 1.2304

GBP/USD

Yesterday's break over 1.5127 negates the earlier wedge formation and brings the upside back in focus. Scope is now seen for fresh gains towards extension through 1.5200 to possible test of 1.5301, 38.2% retracement of 1.7041/1.4230 decline. 1.5127/1.5075 underpins the advance.

Res: 1.5225, 1.5265, 1.5301, 1.5320
Sup: 1.5148, 1.5127, 1.5105, 1.5075

USD/JPY

Maintains negative structure, with break below key medium-term trendline, triggering fresh losses to 86.96 yesterday, ahead of a corrective bounce. Lower top is now required for retest of 86.96, break of which to expose 84.82/83.30 near-term. Break above 88.56/77 would delay immediate bears.

Res: 88.22, 88.56, 88.77, 88.91
Sup: 86.96, 86.60, 86.15, 85.86

USD/CHF

Continues to trend lower towards key supports at 1.0503 and 1.0435, where basing is possible. A lower top near 1.0710 is now favored before down. Over a lower ceiling at 1.0749/65 needed to point immediately higher.

Res: 1.0654, 1.0687, 1.0749, 1.0765
Sup: 1.0577, 1.0557, 1.0528, 1.0503

 

[WindsorBrokers]

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

EUR/USD
Continues to trend higher after breaking above triangle, with 1.2610 high seen so far. Yesterday’s correction low at 1.2477 underpins the latest strength, and through 1.2610 to focus at 1.2671, 21 May high. Potential break here to open way towards 1.2738 next. Loss of 1.2477 would delay immediate bulls.

Res: 1.2610, 1.2671, 1.2738, 1.2760
Sup: 1.2477, 1.2432, 1.2396, 1.2304

GBP/USD

The latest break above the 1.5160/80 resistance zone signals a return to 1.5228, 02 July peak for a potential push to 1.5301, 38.2% retracement of 1.7044/1.4230 decline. Failure to break higher here will warn of a reversal, with loss of 1.5080/75 support to delay bulls.

Res: 1.5210, 1.5228, 1.5265, 1.5301
Sup: 1.5075, 1.5041, 1.5023, 1.4974

USD/JPY

Maintains negative structure, with break below key medium-term trendline, triggering fresh losses to 86.96, ahead of a corrective bounce. Lower top is now required for retest of 86.96, break of which to expose 86.15, then 84.82/83.30 near-term. Upside, 88.22/56 caps for now.

Res: 88.05, 88.22, 88.56, 88.77
Sup: 87.32, 86.96, 86.60, 86.15

USD/CHF

Attempts to complete a 3 day bear flag as the market continues to trend lower towards key supports at 1.0503 and 1.0435. Yesterdays high at 1.0675 now likely caps while break above 1.0695 needed to suggest possible basing.

Res: 1.0675, 1.0695, 1.0749, 1.0765
Sup: 1.0561, 1.0528, 1.0503, 1.0435

 

[WindsorBrokers]

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

EUR/USD

Extends the latest upleg from 1.2151 higher low, with yesterday’s lower rejection at 1.2477 and today’s clearance of 1.2610, last Friday’s low, now focusing 1.2671, 21 May high. Break here is required to resume recovery and expose 1.2704, trendline off 1.5140 and 1.2738 next. Downside, 1.2477 offers initial support, ahead of 1.2396, break of which may delay.

Res: 1.2671, 1.2704, 1.2738, 1.2760
Sup: 1.2562, 1.2508, 1.2477, 1.2432

GBP/USD

Yesterday's failure to break over 1.5228 triggered immediate pullback. This is currently approaching 1.5080, break of which will open 1.5000, channel support. Holding above the latter, however, keeps an upside attempt at 1.5228/1.5304 in play.

Res: 1.5162, 1.5210, 1.5228, 1.5265
Sup: 1.5080, 1.5041, 1.5000, 1.4974

USD/JPY

A bear flag is forming for the next leg lower and below 86.96 to test 86.15, 01 Dec 2009 low. Earlier long-term trendline break continues to focus 84.84/83.30 further out. Above, 88.05 offers immediate resistance and break here would delay.

Res: 87.32, 87.66, 88.05, 88.22
Sup: 86.96, 86.60, 86.15, 85.86

USD/CHF

Has completed a 3 day bear flag as the market continues to trend lower towards key supports at 1.0503 and 1.0435. Lower highs at 1.0655/75 are expected to cap, while break above 1.0695 signals possible basing.

Res: 1.0655, 1.0675, 1.0695, 1.0749
Sup: 1.0561, 1.0528, 1.0503, 1.0435

 

[WindsorBrokers]

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

EUR/USD

Break above triangle, seen last week, and yesterday’s break above 1.2610, sustain recovery for the latest attempt at key 1.2671 resistance. Clear break here opens 1.2738/60 next. Downside, immediate support stands at 1.2620, while potential break below 1.2552 risks fresh near-term bears.

Res: 1.2686, 1.2704, 1.2738, 1.2760
Sup: 1.2619, 1.2585, 1.2552, 1.2508

GBP/USD

Upside rejection at 1.5228 has triggered reversal that found support at 1.5080 yesterday, ahead of fresh strength. Market now consolidated just under 1.5228, break of which is required for final push towards 1.5301, 38.2% retracement of 1.7044/1.4230.

Res: 1.5239, 1.5265, 1.5301, 1.5345
Sup: 1.5155, 1.5080, 1.5041, 1.5000

USD/JPY

Dipped to 87.01 yesterday, just above 86.96, 01 Jul annual low. A corrective bounce is now being seen following the breach at 87.66. Potential is now for an extension to 88.77/91, before fresh downleg, and below 86.96 to expose 86.15.

Res: 88.45, 88.56, 88.77, 88.91
Sup: 87.62, 87.34, 86.96, 86.60

USD/CHF

Has completed a 3 day bear flag as the market continues to trend lower towards key support at 1.0435. Market reached 1.0480, ahead of minor correction, with 1.0561 expected to cap. However, break above here may signal basing and open stronger correction.

Res: 1.0561, 1.0599, 1.0637, 1.0655
Sup: 1.0480, 1.0435, 1.0400, 1.0365

 

[WindsorBrokers]

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

EUR/USD

Attempts to sustain break above key 1.2671 resistance, with 1.2695 seen so far, just ahead of 1.2701, trendline resistance off 1.5140. Break here is needed to open 1.2738/60 area next. Immediate support stands at 1.2620, while potential break below 1.2552 risks fresh near-term bears.


Res: 1.2701, 1.2738, 1.2760, 1.2803
Sup: 1.2619, 1.2585, 1.2552, 1.2508

GBP/USD

Upside rejection at 1.5228 has triggered reversal that found support at 1.5080 yesterday, ahead of fresh strength. Market now consolidated just under 1.5228, break of which is required for final push towards 1.5301, 38.2% retracement of 1.7044/1.4230. Initial support stands at 1.5080, and loss here to sideline near-term bulls.

Res: 1.5239, 1.5265, 1.5301, 1.5345
Sup: 1.5120, 1.5080, 1.5041, 1.5000

USD/JPY

Dipped to 87.01 yesterday, just above 86.96, 01 Jul annual low. A corrective bounce is now being seen following the breach at 87.66. Potential is now for an extension to 88.77/91, before fresh downleg, and below 86.96 to expose 86.15. Above 88.91, however, to allow a stronger correction.

Res: 88.77, 88.91, 89.05, 89.50
Sup: 87.99, 87.62, 87.34, 86.96

USD/CHF

Has completed a 3 day bear flag as the market continues to trend lower towards key support at 1.0435. Market reached 1.0480, ahead of minor correction to 1.0561. Fresh weakness now approached 1.0480, break of which exposes 1.0435, possibly 1.0365 on a break. Upside regain of minimum 1.0561 is needed to delay bears.

Res: 1.0561, 1.0599, 1.0637, 1.0655
Sup: 1.0480, 1.0435, 1.0400, 1.0365

 

[WindsorBrokers]

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

EUR/USD

The latest upleg off 1.2479, 06 July higher low, stalled at 1.2721 last Friday, ahead of reversal. Market is now approaching 1.2552, break of which would attract test of key 1.2479. Loss here would trigger fresh weakness and suggest a key lower top is in place. Upside, regain of 1.2648 is needed to improve and turn focus back to 1.2621/38.

Res: 1.2648, 1.2682, 1.2721, 1.2738
Sup: 1.2552, 1.2508, 1.2479, 1.2432

GBP/USD

Last weeks break under multi-week trend channel support hints at the end of the corrective phase off 1.4230. Further weakness under the 1.4854, 38.2% retracement of 1.4230/1.5239 upleg, would increase the probability of a lower high at 1.5239 and open 1.4730/1.4609 next.

Res: 1.5079, 1.5100, 1.5126, 1.5204
Sup: 1.4937, 1.4871, 1.4854, 1.4800

USD/JPY

Recovery phase off 86.96/87.01 base now approaching 89.19/21, trendline resistance / 38.2% retracement of 92.87/86.96 decline. Break here would open 89.50 next. Break below support at 88.56/25 is needed to suggest a key lower top in place.

Res: 89.21, 89.50, 89.78, 89.98
Sup: 88.56, 88.25, 87.99, 87.62

USD/CHF

Has extended recent bear phase to reach 1.0480 so far, just above key 1.0433, 01 Apr low. Recent consolidation could suggest a basing and the latest break above 1.0600 now looks for test of 1.0695. Downside, loss of 1.0526 risks a return back to 1.0480.

Res: 1.0655, 1.0675, 1.0695, 1.0749
Sup: 1.0540, 1.0526, 1.0480, 1.0433

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (14:20 GMT)

EUR/USD
Reversal off 1.2721, dented 1.2552 today, ahead of possible attempt at key 1.2479, 06 July higher low. Break here would suggest a lower top and open fresh weakness towards 1.2396/69, 28 Jun high/61.8% retracement of 1.2150/1.2721, to attract a retest of 1.2192/50 near-term. Upside, regain of 1.2648 is required to ease immediate bear pressure and bring test of 1.2721/38 back in play.

Res: 1.2608, 1.2648, 1.2682, 1.2721
Sup: 1.2549, 1.2503, 1.2479, 1.2432

GBP/USD

Last weeks break under multi-week trend channel support signaled possible end of the corrective phase off 1.4230, with 1.4947 seen today, ahead of bounce. This is now attempting through 1.5079, break of which would ease immediate bear pressure and open way towards 1.5126, 61.8% retracement of 1.5239/1.4947 downleg, with break higher to confirm higher low and open 1.5204/39. Early upside rejection, however, brings 1.4871/54 in focus instead.

Res: 1.5100, 1.5126, 1.5204, 1.5239
Sup: 1.4947, 1.4937, 1.4871, 1.4854

USD/JPY

Recovery phase off 86.96/87.01 base approached 89.19/21, trendline resistance / 38.2% retracement of 92.87/86.96 decline, ahead of pullback. The first support at 88.56 has been tripped and further weakness focuses 88.25, break of which would suggest a lower top in place, and possible return to 86.96. Holding above 88.25, however, would keep immediate bulls in play for retest of 89.21/50.

Res: 89.14, 89.21, 89.50, 89.78
Sup: 88.25, 87.99, 87.62, 87.34

USD/CHF

Has extended recent bear phase to reach 1.0480 so far, just above key 1.0433, 01 Apr low. Recent consolidation could suggest a basing and the latest break above 1.0600 now looks for test of 1.0695, with 1.0675 seen so far. Downside, 1.0550/26 area offers support, and break below the latter would risk return back to 1.0480.

Res: 1.0675, 1.0695, 1.0749, 1.0765
Sup: 1.0550, 1.0540, 1.0526, 1.0480

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:10 GMT)

EUR/USD

Extends reversal off 1.2721, after today’s break below yesterday’s 1.2549 low, en-route to 1.2503, 38.2% of 1.2150/1.2721 upleg, and key 1.2479, 06 July low. Break below the latter would signal fresh weakness to target 1.2432/1.2369, 01 July low/61.8% retracement. Above, lower ceiling at 1.2648 caps for now and only break here to re-focus 1.2721/38.

Res: 1.2613, 1.2648, 1.2682, 1.2721
Sup: 1.2522, 1.2503, 1.2479, 1.2432

GBP/USD

Upside rejection at 1.5239 on 08 July has seen reversal to 1.4947 yesterday. This is still seen as a correction of a short-term rally from 1.4230, and while 1.4871/54 support zone holds, scope is seen for fresh push higher and possible retest of 1.5239. Below 1.4854, however, to allow stronger pullback.

Res: 1.5100, 1.5126, 1.5204, 1.5239
Sup: 1.4947, 1.4934, 1.4871, 1.4854

USD/JPY

Recovery phase off 86.96/87.01 base approached 89.19/21, trendline resistance / 38.2% retracement of 92.87/86.96 decline, ahead of pullback. The first support at 88.56 has been tripped and further weakness focuses 88.25, break of which would suggest a lower top in place, and possible return to 86.96. Holding above 88.25, however, would keep immediate bulls in play for retest of 89.21/50.

Res: 88.85, 89.06, 89.21, 89.50
Sup: 88.25, 87.99, 87.62, 87.34

USD/CHF

Has extended recent bear phase to reach 1.0480 so far, just above key 1.0433, 01 Apr low. Recent consolidation could suggest a basing and above 1.0600 now looks for test of 1.0695, with 1.0675 seen so far. Downside, 1.0582 higher low supports for now, while loss of 1.0550/26 would risk return to 1.0480.

Res: 1.0675, 1.0695, 1.0749, 1.0765
Sup: 1.0582, 1.0550, 1.0540, 1.0526

 

[WindsorBrokers]

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

EUR/USD

Extends reversal off 1.2721, to test 1.2522 support, ahead of bounce. Break above 1.2600/13 resistance zone, focusing 1.2648, break of which is required to neutralize near-term bears in favor of fresh attempt at 1.2721/30. Failure under 1.2648, however, risks lower top, ahead of fresh weakness towards 1.2522/1.2479.

Res: 1.2648, 1.2682, 1.2721, 1.2738
Sup: 1.2565, 1.2522, 1.2503, 1.2479

GBP/USD

Reversal off 1.5239 has found support at 1.4947 yesterday, ahead fresh strength, interrupted by today’s dip to 1.4963. Clearance of 1.5100/26 resistances now turns focus towards1.5204 and final push to 1.5239.

Res: 1.5171, 1.5204, 1.5225, 1.5239
Sup: 1.5068, 1.4963, 1.4947, 1.4934

USD/JPY

Recovery phase off 86.96/87.01 base approached 89.19/21, trendline resistance / 38.2% retracement of 92.87/86.96 decline, ahead of pullback. Today’s break through 88.55 has seen an attempt at 88.25, with 88.18 reached so far. Clear break here is needed to confirm lower top in place, and possible return to 86.96. Holding above 88.25, however, would keep immediate bulls in play for retest of 89.21/50.

Res: 88.85, 89.06, 89.21, 89.50
Sup: 88.18, 87.99, 87.62, 87.34

USD/CHF

Reversal off 1.0675, yesterday’s high, reclaimed 1.0550/40, 12/07 July lows, refocusing bears for retest of 1.0480. Break here risks the key 1.0433 reaction low. Only lift above today's high at 1.0645 would delay immediate bears.

Res: 1.0675, 1.0695, 1.0749, 1.0765
Sup: 1.0526, 1.0480, 1.0433, 1.0400

 

[WindsorBrokers]

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

EUR/USD

Reversal from 1.2721 found support at 1.2522 yesterday, ahead of fresh strength. Clearance of 1.2648 and 1.2721 resistances has so far tested 1.2738. Further upside now looks for 1.2770, channel upper boundary and 1.2801, 11 May high. Downside, 1.2648, now reverted to support, underpins, while key support stands at 1.2522.

Res: 1.2738, 1.2770, 1.2801, 1.2850
Sup: 1.2690, 1.2648, 1.2613, 1.2565

GBP/USD

Yesterday's downside rejection at 1.4963 has triggered strong bounce to retest 1.5239, 08 July high. 1.5257 seen so far, but sustained break higher is required to open up the region around 1.5304, 38.2% retracement of 1.7041/1.4230 descend, where a lower high may form for a return to weakness. Downside, 1.5171/43 offers initial support.

Res: 1.5257, 1.5301, 1.5345, 1.5390
Sup: 1.5171, 1.5143, 1.5085, 1.5068

USD/JPY

Continues corrective phase off 89.96/87.01, with 89.14 high posted on 12 July. Immediate pullback left a higher low at 88.01 yesterday, before latest push higher that has tested near 89.14. Break here is needed to open 89.21/50 next. Downside, 88.01/87.99 now marks key support.

Res: 89.14, 89.21, 89.50, 89.78
Sup: 88.38, 88.18, 87.99, 87.62

USD/CHF

Decline from 1.0645, yesterday’s lower top, reached 1.0513, ahead of the latest bounce. Near-term, a flat consolidation is developing while the recent trend remains negative, and break below 1.0513/1.0480 to resume fall, while lift above 1.0675/95 may signal basing.


Res: 1.0617, 1.0645, 1.0675, 1.0695
Sup: 1.0513, 1.0480, 1.0433, 1.0400

 

[WindsorBrokers]

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

EUR/USD

Trading in a consolidative mode and a narrow range, after rally from 1.2522 higher low tested 1.2738. Further upside remains favored while 1.2522, key support holds, and above 1.2738 to focus 1.2770, upper channel boundary and 1.2801, 11 May high.

Res: 1.2738, 1.2770, 1.2801, 1.2850
Sup: 1.2680, 1.2648, 1.2613, 1.2565

GBP/USD

Yesterday's downside rejection at 1.4963 has triggered strong bounce, clearing 1.5239, 08 July high and extending gains to 1.5289, just below 1.5304, 38.2% retracement of 1.7041/1.4230. Risk remains of a lower top at this area, ahead of fresh weakness, with regain of minimum 1.5500 needed to resume recovery off 1.4230.

Res: 1.5289, 1.5301, 1.5345, 1.5390
Sup: 1.5187, 1.5143, 1.5085, 1.5068

USD/JPY

Bounce off 88.01, yesterday’s higher low, stalled at 89.10, just under 89.14, 12 July high, ahead of reversal. Market is approaching key 88.01 support, break of which would sideline near-term bulls in favor of fresh decline to test 87.62 first. Higher low above 88.01, however, keeps retest of 89.14 in play.

Res: 88.62, 88.93, 89.02, 89.14
Sup: 88.18, 87.99, 87.62, 87.34

USD/CHF

Decline from 1.0645, yesterday’s lower top, reached 1.0513, ahead of the latest bounce. Near-term, a flat consolidation is developing while the recent trend remains negative, and break below 1.0513/1.0480 to resume fall, while lift above 1.0675/95 may signal basing.


Res: 1.0617, 1.0645, 1.0675, 1.0695
Sup: 1.0513, 1.0480, 1.0433, 1.0400

 

[WindsorBrokers]

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

EUR/USD

Broke above 1.2738 to extend gains to 1.2776 so far, with focus on 1.2789, rising channel top and 1.2801, 11 May high. Break here to open 1.2843, 50% retracement of 1.3816/1.1875 downleg next. Below, 1.2680 offers initial support and potential loss here to open way towards key 1.2522, 13 July low.

Res: 1.2776, 1.2801, 1.2843, 1.2880
Sup: 1.2707, 1.2680, 1.2648, 1.2613

GBP/USD
Extends rally of 1.4947/63, to briefly break above 1.5289, en-route to key 1.5304, 38.2% retracement of 1.7041/1.4230 descend. Break here to trigger further gains towards 1.5390, 30 Apr high next, though, risk of forming lower top still exists, as longer term structure is negative. Only break above 1.5500/25 to improve the outlook.

Res: 1.5296, 1.5304, 1.5345, 1.5390
Sup: 1.5201, 1.5187, 1.5143, 1.5085

USD/JPY

Renewed strength from 88.01 higher low, stalled at 89.10, just under 89.14, 12 July high, ahead of reversal. Break below trendline support at 88.30 and 88.01 now confirms double top, to resume underlying downtrend. 87.62 is seen next, ahead of key 87.01/86.96 support area. Above, 88.40/62 expected to cap for now.

Res: 88.39, 88.62, 88.93, 89.02
Sup: 87.62, 87.34, 87.01, 86.96

USD/CHF

Continues to slide lower, following recovery failure at 1.0675. Today’s break below 1.0513 support, now approaches 1.0480, break of which would open way for test of key 1.0433, 01 Apr low, support. Upside regain of 1.0583/1.0617 is needed to ease immediate bear pressure.

Res: 1.0560, 1.0583, 1.0617, 1.0645
Sup: 1.0480, 1.0433, 1.0400, 1.0365

 

[WindsorBrokers]

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

EUR/USD

Extended higher after clearing key 1.2789/1.2801/43 resistance zone, now focusing 1.2945, though overbought hourly conditions warn of correction. Key near-term support now stands at 1.2680, and possible break lower to delay immediate bulls in favor of stronger correction towards 1.2522.

Res: 1.2945, 1.3015, 1.3065, 1.3095
Sup: 1.2773, 1.2707, 1.2680, 1.2648

GBP/USD

Broke above 1.5304, 38.2% retracement of 1.7041/1.4230 descend, extending gains to 1.5393 thus far. Risk of lower top under 1.5500 zone still exists, as longer term structure is negative, and only break above 1.5500/25 to improve the outlook and resume recovery from 1.4230.

Res: 1.5393, 1.5413, 1.5485, 1.5498
Sup: 1.5201, 1.5187, 1.5143, 1.5085

USD/JPY

Renewed strength from 88.01 higher low, stalled at 89.10, just under 89.14, 12 July high, ahead of reversal. Break below trendline support at 88.30 and 88.01 confirmed a double top, with today’s break below 87.62/34 support, market now focuses key 87.01/86.96 support area, break of which would trigger fresh weakness towards 85.85/84.80 short-term. Above, 88.26 now caps.

Res: 87.99, 88.26, 88.62, 88.93
Sup: 87.01, 86.96, 86.60, 85.85

USD/CHF

Extended the long-term decline from 1.1730, 01 Jun annual low, to breach the 1.0433, 01 Apr reaction low. Bears seek 1.0366, 25 Jan low, ahead of 1.0317, 20 Janl ow. Regain of 1.0545 is needed to neutralize short-term bears.

Res: 1.0503, 1.0545, 1.0560, 1.0617
Sup: 1.0400, 1.0366, 1.0317, 1.0295

 

[WindsorBrokers]

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

EUR/USD

Accelerated gains after yesterday’s break above rising channel top, to hit 1.2953 high, ahead of shallow correction. Focus is now at 1.3000, psychological level, above which would target key 1.3073, 61.8% retracement of 1.3816/1.1875 downleg. Below, 1.2868/35 offers initial support, while loss of 1.2800 would delay immediate bulls.

Res: 1.2953, 1.3000, 1.3073, 1.3095
Sup: 1.2868, 1.2835, 1.2800, 1.2776

GBP/USD

Extended strength from 1.4947/63, to break above 1.5400 level and approach key 1.5500 zone, with 1.5470 seen so far. Clearance of 1.5500/25 would open way for a broader strength, though, risk of a lower top and return to weakness still exists.

Res: 1.5470, 1.5498, 1.5506, 1.5525
Sup: 1.5347, 1.5298, 1.5250, 1.5234

USD/JPY

Extended decline from 89.14 lower top, to briefly test key 86.96 low today, ahead of bounce. Correction is so far seen capped by 87.58/88.00, with potential break below 86.96 to open 86.58/15 next. Above 88.00 to allow a stronger recovery.

Res: 87.58, 88.00, 88.26, 88.62
Sup: 86.96, 86.58, 86.15, 85.85

USD/CHF

Extended the long-term decline from 1.1730, 01 Jun annual low, to breach the 1.0433, 01 Apr reaction low. Bears seek 1.0366, 25 Jan low, ahead of 1.0317, 20 Jan low. Regain of 1.0545 is needed to neutralize short-term bears.

Res: 1.0460, 1.0503, 1.0545, 1.0560
Sup: 1.0399, 1.0366, 1.0317, 1.0295

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (14:20 GMT)

EUR/USD

Continues to trend higher, after downside rejection at 1.2868, seen today. Market now looks for test of 1.3006, last Friday’s high, break of which would expose 1.3073, 61.8% of 1.3816/1.1875 decline, then 1.3075, 10 May low, with possible attempt at 1.3123, 38.2% of 1.5411/1.1875 fall. Below, 1.2868 underpins the advance, and only break below 1.2802/1.2776 support are to delay bulls.

Res: 1.3006, 1.3073, 1.3095, 1.3123
Sup: 1.2868, 1.2835, 1.2800, 1.2776

GBP/USD

Reversal from 1.5470, 15 July high, has so far retraced over 38.2% of 1.4947/1.5470 upleg, with today’s break below the neckline of the hourly head and shoulders pattern at 1.5270 opening way for 1.5209 and 1.5148, 50%/61.8% next. Upside remains capped by 1.5350 for now.

Res: 1.5350, 1.5396, 1.5445, 1.5470
Sup: 1.5209, 1.5187, 1.5148, 1.5085

USD/JPY

Extended decline from 89.14 lower top, with loss of 86.96, 01 July low, extending losses to 86.25 thus far. Minor correction followed, with fresh weakness under way, and below 86.25 to target 85.85, possibly 84.80, 2009 low. 87.58 now offers immediate cap.

Res: 87.35, 87.58, 88.00, 88.26
Sup: 86.47, 86.25, 86.15, 85.85

USD/CHF

Attempts to extend the recovery from 1.0399/1.0402, 16/15 July lows, as 1.0445 may mark higher low. Break above 1.0545 would confirm and open way towards 1.0617, ahead of key 1.0675, 12 July high. Below, loss of 1.0399 ends recovery and opens 1.0366/00 instead.

Res: 1.0545, 1.0560, 1.0617, 1.0645
Sup: 1.0480, 1.0445, 1.0421, 1.0399