Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 13

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Windsor Brokers - 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
Windsor Brokers - 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