Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 3
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Windsor Brokers - Short Term Technical Analysis for Majors (14:30 GMT)
EUR/USD
Broke through 1.3591 lower ceiling yesterday, to hit a fresh high at 1.3691, ahead of pullback. Market so far found support at 1.3565, though, holding above 1.3538/1.3496 would keep immediate bulls in play for possible attempt towards key 1.3816 high.
Res: 1.3640, 1.3691, 1.3735, 1.3788
Sup: 1.3565, 1.3538, 1.3496, 1.3459
GBP/USD
Yesterday's rejection at 1.5484 weighs on near-term outlook, though downside loss of 1.5128 is needed to confirm. However, ability to hold above 1.5313/1.5267 would maintain positive tone for fresh attempt through 1.5484, to possibly attract 1.5520/74.
Res: 1.5420, 1.5461, 1.5484, 1.5520
Sup: 1.5335, 1.5313, 1.5267, 1.5235
USD/JPY
Has found a foothold at 92.56 today, and has pushed higher to challenge 94.40/61, the upper corrective channel off 94.77, 05 Apr high. Break above the latter would signal start of next bull leg through layered resist at 93.78 and 94.25, for possible retest of 94.77.
Res: 93.40, 93.59, 93.78, 94.25
Sup: 92.56, 92.45, 92.26, 92.11
USD/CHF
Falling gap at 1.0626/55 is seen weighing current recovery effort, while a potential bear flag may precede next downleg back at 200-day MA, currently at 1.0472 and 1.0435 swing low. Only break above1.0655 improves the tone.
Res: 1.0625, 1.0655, 1.0686, 1.0713
Sup: 1.0548, 1.0525, 1.0510, 1.0472
Short Term Technical Analysis for Majors (14:30 GMT)
EUR/USD
Broke through 1.3591 lower ceiling yesterday, to hit a fresh high at 1.3691, ahead of pullback on overbought conditions. Market so far found support at 1.3565, though, holding above 1.3538/1.3496 would keep immediate bulls in play for possible attempt towards key 1.3816 high.
Res: 1.3640, 1.3691, 1.3735, 1.3788
Sup: 1.3555, 1.3538, 1.3496, 1.3459
GBP/USD
Yesterday's rejection at 1.5484 weighs on near-term outlook, though downside loss of 1.5128 is needed to confirm. However, ability to hold above 1.5313/1.5267 would maintain positive tone for fresh attempt through 1.5484, to possibly attract 1.5520/74, with the latest break above 1.5400/20 increasing hopes for such scenario.
Res: 1.5461, 1.5484, 1.5520, 1.5535
Sup: 1.5335, 1.5313, 1.5267, 1.5235
USD/JPY
Has found a foothold at 92.56 today, and has pushed higher to challenge 94.40/61, the upper corrective channel off 94.77, 05 Apr high. Break above the latter would signal start of next bull leg through layered resistances at 93.78 and 94.25, for possible retest of 94.77. Loss of 92.56 would expose 92.26/11 instead.
Res: 93.40, 93.59, 93.78, 94.25
Sup: 92.56, 92.45, 92.26, 92.11
USD/CHF
Remains locked within a choppy, though broadly flat range. Recent pullback off 1.0784, 08 Mar high, has so far found support at 1.0525. Break here would signal fresh weakness towards 1.0489, possibly 1.0433 on a break. Upside clearance of 1.0615/55 is needed to pivot the market higher and focus 1.0686/1.0761.
Res: 1.0615, 1.0655, 1.0686, 1.0713
Sup: 1.0525, 1.0510, 1.0489, 1.0433
Windsor Brokers - Short Term Technical Analysis for Majors (07:30 GMT)
EUR/USD
Fibonacci support at 1.3544 buoyed yesterday and the push above 1.3626 resistance firmed the near-term tone. Market now eyeing 1.3691, above which opens 1.3729 first. Key resistance stands 1.3816, 17 Mar high. 1.3595 offers initial resistance, while loss of 1.3544 turns the focus lower.
Res: 1.3677, 1.3691, 1.3735, 1.3795
Sup: 1.3595, 1.3565, 1.3544, 1.3520
GBP/USD
Short-term structure from 1.4797 higher low suggests scope for a pullback from the current region. However, failure for any such pullback to push under the 1.5450 region will strengthen the outlook, and above 1.5520 to expose 1.5574 next.
Res: 1.5520, 1.5535, 1.5574, 1.5635
Sup: 1.5454, 1.5430, 1.5400, 1.5375
USD/JPY
Bounce off 92.56 floor has pushed higher to breach 93.25, trendline off 94.77, 05 Apr high, to reach 93.70 thus far. Above 93.70/78 will now firm further for initial upside to 94.25/77, while 92.82 buoys advance for now.
Res: 93.70, 93.78, 94.25, 94.77
Sup: 92.99, 92.81, 92.56, 92.45
USD/CHF
Continues to drift lower within a broad near-term flat consolidation. Under 1.0500, 14 Apr low, would risk a further push lower to possibly test 1.0433, 01 Apr pivot low. Break above 1.0561/1.0615 now needed to shift focus higher.
Res: 1.0561, 1.0615, 1.0655, 1.0686
Sup: 1.0500, 1.0487, 1.0470, 1.0433
Windsor Brokers - Short Term Technical Analysis for Majors (07:30 GMT)
EUR/USD
Fibonacci support at 1.3544 buoyed yesterday and the push above 1.3626 resistance firmed the near-term tone. Market now eyeing 1.3691, above which opens 1.3729 first. Key resistance stands 1.3816, 17 Mar high. 1.3595 offers initial resistance, while loss of 1.3544 turns the focus lower.
Res: 1.3677, 1.3691, 1.3735, 1.3795
Sup: 1.3595, 1.3565, 1.3544, 1.3520
GBP/USD
Short-term structure from 1.4797 higher low suggests scope for a pullback from the current region. However, failure for any such pullback to push under the 1.5450 region will strengthen the outlook, and above 1.5520 to expose 1.5574 next.
Res: 1.5520, 1.5535, 1.5574, 1.5635
Sup: 1.5454, 1.5430, 1.5400, 1.5375
USD/JPY
Bounce off 92.56 floor has pushed higher to breach 93.25, trendline off 94.77, 05 Apr high, to reach 93.70 thus far. Above 93.70/78 will now firm further for initial upside to 94.25/77, while 92.82 buoys advance for now.
Res: 93.70, 93.78, 94.25, 94.77
Sup: 92.99, 92.81, 92.56, 92.45
USD/CHF
Continues to drift lower within a broad near-term flat consolidation. Under 1.0500, 14 Apr low, would risk a further push lower to possibly test 1.0433, 01 Apr pivot low. Break above 1.0561/1.0615 now needed to shift focus higher.
Res: 1.0561, 1.0615, 1.0655, 1.0686
Sup: 1.0500, 1.0487, 1.0470, 1.0433