Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 5
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Windsor Brokers - Short Term Technical Analysis for Majors (07:45 GMT)
EUR/USD
Maintains negative one off 1.3691, 12 Apr high, with the latest bounce from 1.3201, 23 Apr low, attempting to leave a lower top at 1.3398. If this is confirmed, then fresh relapse towards key 1.3201/1.3190 lows is likely, and potential break here to extend weakness. Break above 1.3398/1.3422, however, will delay immediate bears and open way for stronger correction.
Res: 1.3345, 1.3356, 1.3422, 1.3448
Sup: 1.3332, 1.3268, 1.3201, 1.3190
GBP/USD
Renewed attempt higher off 1.5294, 23 Apr higher low has cleared 1.5428, trendline resistance, and 1.5472, 22 Apr lower top, en-route to key 1.5523, 15 Apr peak. Potential break here would open a fresh leg higher off 1.4780, yearly low, though, over-extended hourly studies warn of correction. However, failure under 1.5523 may signal return to weakness and below 1.5294/1.5190 to re-focus 1.4780.
Res: 1.5508, 1.5520, 1.5575, 1.5635
Sup: 1.5413, 1.5350, 1.5294, 1.5256
USD/JPY
Remains in uptrend off 92.72 higher low, with the latest attempt through 94.25, 07 Apr high, looking for test of key 94.77, 05 Apr peak. Break here is required to extend short-term recovery from 91.58, 19 Apr low, with test of 95.05, 61.8% retracement of 101.43/84.81 downleg, seen next. 93.29, 23 Apr low, offers initial support and break there would delay immediate bulls.
Res: 94.35, 94.60, 94.77, 95.05
Sup: 93.90, 93.45, 93.29, 92.72
USD/CHF
Correction from 1.0848, 23 Apr peak, is attempting to leave a higher low, ahead of extension of upleg from 1.0500, 14 Apr higher low. Clearance of 1.0848 is needed to re-focus key 1.0898, 19 Feb yearly high, and potential break higher to resume correction from 0.9916, 26 Nov 2009 low. 1.0711 offers support for now and only break below 1.0674, 22 Apr low, would delay bulls.
Res: 1.0808, 1.0848, 1.0898, 1.0940
Sup: 1.0711, 1.0674, 1.0657, 1.0618
Windsor Brokers - Short Term Technical Analysis for Majors (07:45 GMT)
EUR/USD
Maintains negative one off 1.3691, 12 Apr high, with the latest bounce from 1.3201, 23 Apr low, attempting to leave a lower top at 1.3398. If this is confirmed, then fresh relapse towards key 1.3201/1.3190 lows is likely, and potential break here to extend weakness. Break above 1.3398/1.3422, however, will delay immediate bears and open way for stronger correction.
Res: 1.3345, 1.3356, 1.3422, 1.3448
Sup: 1.3332, 1.3268, 1.3201, 1.3190
GBP/USD
Renewed attempt higher off 1.5294, 23 Apr higher low has cleared 1.5428, trendline resistance, and 1.5472, 22 Apr lower top, en-route to key 1.5523, 15 Apr peak. Potential break here would open a fresh leg higher off 1.4780, yearly low, though, over-extended hourly studies warn of correction. However, failure under 1.5523 may signal return to weakness and below 1.5294/1.5190 to re-focus 1.4780.
Res: 1.5508, 1.5520, 1.5575, 1.5635
Sup: 1.5413, 1.5350, 1.5294, 1.5256
USD/JPY
Remains in uptrend off 92.72 higher low, with the latest attempt through 94.25, 07 Apr high, looking for test of key 94.77, 05 Apr peak. Break here is required to extend short-term recovery from 91.58, 19 Apr low, with test of 95.05, 61.8% retracement of 101.43/84.81 downleg, seen next. 93.29, 23 Apr low, offers initial support and break there would delay immediate bulls.
Res: 94.35, 94.60, 94.77, 95.05
Sup: 93.90, 93.45, 93.29, 92.72
USD/CHF
Correction from 1.0848, 23 Apr peak, is attempting to leave a higher low, ahead of extension of upleg from 1.0500, 14 Apr higher low. Clearance of 1.0848 is needed to re-focus key 1.0898, 19 Feb yearly high, and potential break higher to resume correction from 0.9916, 26 Nov 2009 low. 1.0711 offers support for now and only break below 1.0674, 22 Apr low, would delay bulls.
Res: 1.0808, 1.0848, 1.0898, 1.0940
Sup: 1.0711, 1.0674, 1.0657, 1.0618
Windsor Brokers - Short Term Technical Analysis for Majors (07:30 GMT)
EUR/USD
Correction from 1.3201, 23 Apr low, remains capped by 1.3422 thus far, keeping the broader downtrend in play. Downside loss of 1.3290/68 will open 1.3201/1.3190 for retest. Break above 1.3422, however, delays and opens stronger correction towards 1.3448/1.3520.
Res: 1.3422, 1.3448, 1.3501, 1.3520
Sup: 1.3344, 1.3290, 1.3268, 1.3201
GBP/USD
Near-term structure favors a decline towards 1.5396, ahead of final swing higher to complete the upleg from 1.5294. Loss of 1.5350, however, will end bullish bias and open fresh weakness
Res: 1.5508, 1.5520, 1.5575, 1.5635
Sup: 1.5396, 1.5350, 1.5294, 1.5256
USD/JPY
Continues to trend higher, with break through important 93.73/79 area, seeing an extension to 94.35, ahead of the current minor easing. This should precede a challenge on key 94.77, 05 Apr high and near-term pivot, where an eventual break is expected to trigger broader gains off 84.80, 27 Nov 2009 low.
Res: 94.35, 94.60, 94.77, 95.05
Sup: 93.62, 93.45, 93.29, 92.72
USD/CHF
Correction off 1.0848 is taking the form of a descending wedge and this will set up the next leg higher to test 1.0898 2010 high. 1.0787 marks a short-term pivot, while 1.0698/74 area offers initial support.
Res: 1.0787, 1.0808, 1.0848, 1.0898
Sup: 1.0698, 1.0674, 1.0657, 1.0618
Windsor Brokers - Short Term Technical Analysis for Majors (14:30 GMT)
EUR/USD
Correction from 1.3201, 23 Apr low, remains capped by 1.3422 thus far, keeping the broader downtrend in play. 1.3290 already dented, with further losses through 1.3268, to open 1.3201/1.3190 next. Break above 1.3422, however, delays and opens stronger correction towards 1.3448/1.3520.
Res: 1.3422, 1.3448, 1.3501, 1.3520
Sup: 1.3268, 1.3201, 1.3190, 1.3165
GBP/USD
Short-term structure has now weakened further, as failing to find support for a potential higher low, has extended losses through 1.5396/50 support, to reach 1.5320 so far. This ends near-term bullish bias and opens way for fresh decline towards 1.5190.
Res: 1.5473, 1.5497, 1.5508, 1.5520
Sup: 1.5320, 1.5294, 1.5256, 1.5190
USD/JPY
Upleg off 91.58, 19 Apr low, has stalled at 94.35 yesterday, just ahead of 94.77, 05 Apr pivot. Subsequent reversal broke below 93.62 and 93.45 supports, threatening now important 93.29, 23 Apr low support. Potential break here to risk 92.96/72, 50% retracement / 22 Apr higher platform, next. Only regain of 94.02 to improve tone.
Res: 94.02, 94.35, 94.60, 94.77
Sup: 93.29, 92.96, 92.72, 92.56
USD/CHF
Correction off 1.0848 has taken the form of a descending wedge and this sets up the next leg higher to test 1.0898, 2010 high. 1.0787 marks a short-term pivot, while 1.0698/74 area offers initial support.
Res: 1.0808, 1.0848, 1.0898, 1.0940
Sup: 1.0718, 1.0698, 1.0674, 1.0657
Windsor Brokers - Short Term Technical Analysis for Majors (08:30 GMT)
EUR/USD
Maintains negative tone, with break of corrective triangle on 27 Apr, extending losses fresh year low at 1.3114 yesterday. Minor correction now precedes a test on 1.3090, 76.4% retracement of 1.2455/1.5140 upleg, possibly 1.2885 near-term. Immediate resistance stands at 1.3263.
Res: 1.3263, 1.3290, 1.3342, 1.3412
Sup: 1.3141, 1.3114, 1.3090, 1.2963
GBP/USD
Recent break under trend-line support off 1.4797 negates the possibility of a double bottom at 1.4780/97. Scope is now seen for a short-term rise to create a lower high for a continuation of weakness.
Res: 1.5240, 1.5293, 1.5351, 1.5365
Sup: 1.5124, 1.5042, 1.5004, 1.4929
USD/JPY
Lower rejection at 92.80 on 27 Apr, confirmed the underlying bull structure. A break above 94.31/35, 26/28 Apr highs, will complete a multi week bull configuration that sights the 97.00 area. Only break below 92.80 would delay.
Res: 94.35, 94.60, 94.77, 95.05
Sup: 93.71, 93.37, 92.97, 92.80
USD/CHF
Remains in uptrend from 1.0500, with break of hourly triangle on 27 Apr, triggering the latest rise that cleared key 1.0898 barrier, to reach 1.0922 yesterday. 1.0812 now marks a tentative higher platform for fresh attempt at 1.0940 and 1.1026.
Res: 1.0922, 1.0940, 1.0956, 1.0987
Sup: 1.0812, 1.0787, 1.0759, 1.0698