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

 
 
 
 
 
 
 
 

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