Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 20
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Windsor Brokers - Short Term Technical Analysis for Majors (08:15GMT)
B]EUR/USD
Deep pullback off 1.3334 (06 Aug high) found support at 1.2734 yesterday, just above 1.2732, the key 21 Jul higher low. Market now attempting to base & over 1.2872 firms for 1.2906/1.2933. Below 1.2800 re-tests 1.2732-34, guards 1.2615.
Res: 1.2910, 1.2950, 1.3030, 1.3055
Sup: 1.2800, 1.2775, 1.2730, 1.2615
GBP/USD
Structure of the rise from the 16 Aug intraday low at 1.5553 suggests scope for a pullback towards 1.5620. However, failure to garner support in that region will warn of the resumption of weakness
Res: 1.5705, 1.5765, 1.5815, 1.5865
Sup: 1.5620, 1.5595, 1.5555, 1.5530
USD/JPY
Recovery attempt off 84.72 stalled at 86.39 Fri before breaking lower from a rising wedge. This confirms the underlying negative structure. 85.97 likely caps above for an initial retest on 84.72 where an eventual loss is expected.
Res: 85.45, 85.95, 86.45, 86.65
Sup: 85.10, 84.75, 84.00, 83.50
USD/CHF
Last upswing stalled at 1.0630 last Thursday, under key resist at 1.0646. An hourly head & shoulders top has fueled a drop back towards 1.0332, the lower level of n-tern 1.0332 to 1.0640 sideways consolidating towards 1.0231.
Res: 1.0440, 1.0465, 1.0510, 1.0555
Sup: 1.0350, 1.0305, 1.0231, 1.0200
Windsor Brokers - Short Term Technical Analysis for Majors (08:15GMT)
EUR/USD
Deep pullback off 1.3334 (06 Aug high) found support at 1.2734 yesterday, just above 1.2732, the key 21 Jul higher low. Market now attempting to base & over 1.2872 firms for 1.2906/1.2933. Below 1.2800 re-tests 1.2732-34, guards 1.2615.
Res: 1.2910, 1.2950, 1.3030, 1.3055
Sup: 1.2800, 1.2775, 1.2730, 1.2615
GBP/USD
Structure of the rise from the 16 Aug intraday low at 1.5553 suggests scope for a pullback towards 1.5620. However, failure to garner support in that region will warn of the resumption of weakness
Res: 1.5705, 1.5765, 1.5815, 1.5865
Sup: 1.5620, 1.5595, 1.5555, 1.5530
USD/JPY
Recovery attempt off 84.72 stalled at 86.39 Fri before breaking lower from a rising wedge. This confirms the underlying negative structure. 85.97 likely caps above for an initial retest on 84.72 where an eventual loss is expected.
Res: 85.45, 85.95, 86.45, 86.65
Sup: 85.10, 84.75, 84.00, 83.50
USD/CHF
Last upswing stalled at 1.0630 last Thursday, under key resist at 1.0646. An hourly head & shoulders top has fueled a drop back towards 1.0332, the lower level of n-tern 1.0332 to 1.0640 sideways consolidating towards 1.0231.
Res: 1.0440, 1.0465, 1.0510, 1.0555
Sup: 1.0350, 1.0305, 1.0231, 1.0200
Windsor Brokers - Short Term Technical Analysis for Majors (08:15GMT)
EUR/USD
Deep pullback off 1.3334 (06 Aug high) found support at 1.2734 Mon, just above 1.2732, the key 21 Jul higher low. A tentative reversal was seen yesterday favoring recovery towards 1.2963, guards 1.3034. Below 1.2800 > 1.2732.
Res: 1.2915, 1.2960, 1.3035, 1.3055
Sup: 1.2795, 1.2775, 1.2730, 1.2680
GBP/USD
Today's clear break under trend-line support from 1.4346 coupled with short-term structure warns of a further extension lower, initially towards 1.5441. Back over 1.5645 neutralizes s-term outlook.
Res: 1.5585, 1.5765, 1.5815, 1.5865
Sup: 1.5620, 1.5595, 1.5555, 1.5530
USD/JPY
Recovery attempt off 84.72 stalled at 86.39 Fri before breaking lower from a rising wedge to 85.11. This confirms the underlying bear trend. 85.97 likely caps above for an initial retest on 84.72 where an eventual loss is expected.
Res: 85.70, 86.00, 86.45, 86.90
Sup: 85.10, 84.75, 84.00, 83.50
USD/CHF
Last upswing stalled at 1.0630 last Thursday, under key resist at 1.0646. An hourly head & shoulders top then fueled a drop back towards 1.0332, the lower level of n-t 1.0332-1.0640 consolidation, towards 1.0231. Lower top now sought.
Res: 1.0465, 1.0510, 1.0555, 1.0590
Sup: 1.0410, 1.0350, 1.0330, 1.0230
Windsor Brokers - Short Term Technical Analysis for Majors (07:30 GMT)
EUR/USD
Correction off 1.2586, 24 Aug fresh low, has tripped 1.2725 resistance today, reaching 1.2744. Near term outlook, however, remains negative, with scope for break below 1.2608/1.2586 to test 1.2522. Upside, 1.2770 caps for now, and possible break here to attract 1.2831, 20 Aug high.
Res: 1.2770, 1.2831, 1.2880, 1.2903
Sup: 1.2649, 1.2608, 1.2586, 1.2522
GBP/USD
Attempts to complete a third phase higher in a corrective structure from 1.5371, 24 Aug low. Earlier daily false break higher out of a rising channel dominates for an eventual return to weakness. Only regain of 1.5670/1.5700 zone would return to strength.
Res: 1.5617, 1.5670, 1.5687, 1.5700
Sup: 1.5482, 1.5460, 1.5425, 1.5400
USD/JPY
Completed a multiday bear configuration to extend the underlying downtrend. 83.58 has been reached so far, ahead of the current corrective bounce which should precede a fresh push lower to test key trendline support at 83.25.
Res: 84.87, 85.11, 85.42, 85.68
Sup: 84.50, 84.04, 83.58, 83.25
USD/CHF
Probes lower to breach previous 1.0257 low, following reversal after an upside failure ahead of key 1.0463, 19 Aug lower high. Risk is set at 1.0230, ahead of this year's interim low at 1.0130. Immediate resistance now stands at 1.0327/35.
Res: 1.0327, 1.0335, 1.0380, 1.0400
Sup: 1.0230, 1.0182, 1.0162, 1.0130
Windsor Brokers - Short Term Technical Analysis for Majors (08:10 GMT)
EUR/USD
Extended correction from 1.2586, to reach 1.2763 yesterday, just ahead of 1.2770 resistance. However, while 1.2770/90 holds, the latest upleg is seen corrective for fresh weakness to test 1.2586, possibly 1.2522 on a break. Lift above 1.2790 delays and opens 1.2831 instead.
Res: 1.2770, 1.2790, 1.2831, 1.2880
Sup: 1.2690, 1.2665, 1.2651, 1.2608
GBP/USD
Bounce off 1.5371, 24 Aug low, stalled at 1.5596 yesterday, just under 1.5610, 38.2% retracement of 1.5997/1.5371 decline, ahead of fresh weakness. Higher low above 1.5438 is required to resume recovery and clearance of 1.5596/1.5610 to open 1.5700 zone for test. Loss of 1.5438, however would signal a continuation of the short term weakness and focus 1.5371.
Res: 1.5573, 1.5596, 1.5610, 1.5617
Sup: 1.5482, 1.5460, 1.5438, 1.5400
USD/JPY
Completed a multiday bear configuration to extend the underlying downtrend. 83.58 has been reached so far, ahead of the current corrective bounce which should precede a fresh push lower to test key trendline support at 83.25. Break above 84.89, however, may extend recovery.
Res: 84.89, 85.11, 85.42, 85.68
Sup: 84.26, 84.04, 83.58, 83.25
USD/CHF
Extends decline after breaking below 1.0256/46 support zone, with 1.0220 seen so far. Market now focuses 1.1.0182, 15 Jan low, break of which will open way for test of key 1.0130 level, 11 Jan year to day low. Upside, lower ceiling at 1.0317/35 is expected to cap.
Res: 1.0287, 1.0317, 1.0335, 1.0380
Sup: 1.0220, 1.0182, 1.0162, 1.0130