Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 27
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Windsor Brokers - Short Term Technical Analysis for Majors (12:00 GMT)
EUR/USD
Extends decline from 1.3784 lower high, breaking through 200 day MA at 1.3131 and 76.4% retracement of 1.2586/1.4280 ascend at 1.2987. The latest probe through the descending channel support at 1.3031 and break of 1.30 psychological support, brings 1.2633/1.2586 into focus. Oversold conditions suggest a bounce, with 1.3150 capping for now.
Res: 1.3060, 1.3150, 1.3181, 1.3200
Sup: 1.2920., 1.2828, 1.2761, 1.2633
GBP/USD
Accelerated losses after loss of 1.5649 previous low, with break below 200 day MA at 1.5581, now looking for test of main trendline support, drawn off 1.4230. Possible recovery above here is seen corrective, with 1.5649 limiting the upside, while break below key support at 1.5295 would weaken the structure.
Res: 1.5576, 1.5598, 1.5649, 1.5705
Sup: 1.5500, 1.5475, 1.5448, 1.5344
USD/JPY
Rejection at 84.39, fresh high, has seen a sharp reversal that probes below 83.81/75 former low/38.2% of 82.70/84.39 ascend, with 83.70 seen so far, just ahead of next support at 83.64. Sustained break lower would signal further correction towards 83.55/36 initially, break of which would open 82.70 for retest. Early downside rejection may, however, turn focus back to 84.39.
Res: 84.10, 84.39, 84.58, 85.35
Sup: 83.64, 83.55, 83.36, 83.18
USD/CHF
The latest strength from 0.9847/96 cleared 1.0000, to exceed the target at 1.0044, 50% of 1.0638/0.9461 downleg, with subsequent reversal expected to hold above 0.9896, to keep immediate bulls in play. Otherwise, fresh corrective phase may be the likely scenario, with 0.9847 seen next. Above 1.0052, however, to focus 1.0116.
Res: 1.0021, 1.0044, 1.0075, 1.0116
Sup: 0.9896, 0.9875, 0.9847, 0.9795
Windsor Brokers - Short Term Technical Analysis for Majors (10:00 GMT)
EUR/USD
Recovery off 1.2968 low broke through falling trendline drawn off 1.4280, to reach 1.3426 so far. Clear break above key 1.3446/65, 16 Nov low/38.2% retracement of 1.4280/1.2968 descend is required to resume recovery and expose 1.3572/1.3622, 12 Nov low / 50% retracement. Failure under 1.3465, however, would signal a lower top ahead of fresh weakness.
Res: 1.3379, 1.3426, 1.3446, 1.3465
Sup: 1.3275, 1.3245, 1.3192, 1.3150
GBP/USD
Recent strength off 1.5483 low reached 1.5787, 50% of 1.6093/1.5483 downleg, followed by reversal. Market found support at 1.5654, with renewed attempt higher having cleared 1.5787 and resuming recovery for 1.5838, 16 Nov low and 1.5859, 61.8% retracement, also trendline resistance off 1.6296. Corrective dips should be contained by 1.5700/1.5654, while loss of the latter would sideline near-term bulls.
Res: 1.5787, 1.5838, 1.5859, 1.5900
Sup: 1.5700, 1.5654, 1.5610, 1.5580
USD/JPY
Sharp reversal from 84.39/38 double top has so far tested 50% of 80.24/84.39 ascend at 82.31. Negative near-term conditions favor further downside and break through the latter to open way for test of 81.82, 61.8% and 81.64, 12 Nov low. Upside is seen capped by 83.00 for now and possible break here may trigger stronger correction, ahead of fresh weakness. Only regain of 83.83/95 improves the tone.
Res: 83.02, 83.37, 83.47, 83.83
Sup: 82.31, 82.03, 81.82, 81.64
USD/CHF
Remains in a near-term downtrend, following reversal from 1.0064, 01 Dec peak, retracing over 61.8% of 0.9546/1.0064 upleg, at 0.9728/24. Corrective bounce from here has left a lower top at 0.9872, with fresh weakness attempting at 0.9724, break of which would open way towards 0.9668 next. Upside remains capped by 0.9872 for now.
Res: 0.9832, 0.9872, 0.9889, 0.9954
Sup: 0.9724, 0.9700, 0.9668, 0.9630
Windsor Brokers - Short Term Technical Analysis for Majors (10:00 GMT)
EUR/USD
Came under pressure after false break above the descending trendline from 1.4280 and upside rejection below 1.3426 high at 1.3399. Loss of 1.3245, key near-term support has seen fresh weakness, retracing over 50% of 1.2968/1.3426 at 1.3191. Immediate risk is for further decline towards 1.3143, 61.8% retracement. Corrective bounces are seen limited by 1.3275/80 and only clear break here would revive bulls.
Res: 1.3280, 1.3315, 1.3338, 1.3399
Sup: 1.3191, 1.3143, 1.3112, 1.3087
GBP/USD
Failure to sustain gains above 1.5787, previous high, has seen fresh weakness from 1.5821 to reach just above key near-term support at 1.5654. Likely scenario would be retest of 1.5654, with break here to open further reversal and expose 1.5600 zone, possibly 1.5536/10, trendline support/02 Dec higher low. Only regain of 1.5821 to sideline near-term bears and resume uptrend from 1.5483.
Res: 1.5764, 1.5787, 1.5821, 1.5838
Sup: 1.5667, 1.5654, 1.5610, 1.5580
USD/JPY
Dipped to 82.33, 50% of 80.24/84.39, ahead of strong rebound. Breach of key resistances at 83.47/95 returned focus back to 84.39 previous high, with 84.05 seen so far. Potential break above 84.39 to expose 85.38 next, while corrective pullback should be contained by 82.72/33 to keep short-term bulls in play.
Res: 84.39, 84.60, 85.20, 85.38
Sup: 83.38, 82.98, 82.72, 82.33
USD/CHF
Reversal from 1.0064 has found support at 0.9724. Strength from here initially reached 0.9872, followed by dip to 0.9754, where a higher low was left. Break through 0.9872 now focuses 0.9948, break of which would open way for 1.0064 retest, with 0.9913 seen so far. Only loss of 0.9754 weakens the structure.
Res: 0.9913, 0.9948, 1.0020, 1.0055
Sup: 0.9815, 0.9754, 0.9724, 0.9700
Windsor Brokers - Short Term Technical Analysis for Majors (15:45 GMT)
EUR/USD
Recovery attempt from 1.3163 failed to attack 1.3322, key near-term resistance, leaving lower top at 1.3281 for fresh weakness. Loss of 1.3200 opens 1.3163 pivot, break of which would signal an extension of pullback from 1.3426 and expose 1.3143, 61.8% Fibonacci level next.
Res: 1.3281, 1.3322, 1.3352, 1.3399
Sup: 1.3163, 1.3143, 1.3105, 1.3060
GBP/USD
Recent strength from 1.5710 higher low has breached 1.5840 barrier, extending gains to 1.5861, ahead of reversal. This is seen corrective while 1.5710 holds and gains through 1.5840/61 to focus 1.5889 next. Below 1.5710 would delay bulls for deeper correction, initially targeting 1.5667.
Res: 1.5824, 1.5840, 1.5861, 1.5889
Sup: 1.5745, 1.5725, 1.5710, 1.5667
USD/JPY
Pullback from 84.29 found support at 83.44, ahead of fresh strength, keeping the near-term bulls in play. First barrier lies at 84.08, with break here to seek for 84.29/39 retest and possible resumption of uptrend from 80.42. 83.44 now underpins the advance.
Res: 84.08, 84.29, 84.39, 84.60
Sup: 83.44, 83.31, 83.08, 82.98
USD/CHF
Recovery attempt off 0.9724 has run out of steam at 0.9913, with fresh weakness under way. Break below 0.9754 is needed to re-expose 0.9724, break of which would delay short-term recovery from 0.9461 and open 0.9700/0.9668. Upside, Break above 0.9913 is required to continue recovery and turn focus to 0.9948.
Res: 0.9893, 0.9913, 0.9948, 1.0020
Sup: 0.9796, 0.9754, 0.9724, 0.9700
Windsor Brokers - Short Term Technical Analysis for Majors (09:30 GMT)
EUR/USD
Succession of lower highs from 1.3426 keeps the downside favored, with focus on 1.3163/43, 09 Dec low / 61.8% retracement of 1.2968/1.3426 upleg, break of which would re-focus 1.30 zone. Upside remains capped by 1.3322/40, 09 Dec high / trendline off 1.3426.
Res: 1.3235, 1.3281, 1.3322, 1.3340
Sup: 1.3163, 1.3143, 1.3105, 1.3060
GBP/USD
The latest rally from 1.5710 higher low has breached 1.5840 barrier, extending gains to 1.5861, ahead of reversal. This is seen corrective while 1.5710/1.5667 area holds and fresh strength through 1.5840/61 to focus 1.5889, 50% retracement of 1.6297/1.5483 decline next.
Res: 1.5818, 1.5840, 1.5861, 1.5889
Sup: 1.5710, 1.5667, 1.5655, 1.5610
USD/JPY
Pullback from 84.29 found support at 83.44, where the fresh strength emerged. Market is attempting at key near-term resistance zone at 84.29/39. Break here would trigger an extension of a broader uptrend from 80.24 and expose 85.40, 24 Sep high next. Failure to break higher may risk the further development of double top pattern.
Res: 84.39, 84.60, 85.20, 85.40
Sup: 83.83, 83.44, 83.31, 83.08
USD/CHF
Recovery attempt off 0.9724 has run out of steam at 0.9913, with fresh weakness under way. For now, the downside remains limited by 0.9793, while possible break here would risk fresh losses towards 0.9754/24. Upside regain of 0.9913 required to continue recovery and turn focus to 0.9948.
Res: 0.9838, 0.9893, 0.9913, 0.9948
Sup: 0.9793, 0.9754, 0.9724, 0.9700