Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 7
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Windsor Brokers - Short Term Technical Analysis for Majors (14:00 GMT)
EUR/USD
Extends recovery from 1.2515, 06 May fresh yearly low, to clear 1.2995, and 1.3035/47, 61.8% retracement of 1.3359/1.2515 decline/04 May intraday high, to reach 1.3093 today. A loss of momentum is now evident as market possibly tops for a decline back towards 1.2609/1.2515. Regain of 1.3093/1.3113, however, turns positive
Res: 1.3093, 1.3113, 1.3148, 1.3190
Sup: 1.2856, 1.2806, 1.2775, 1.2690
GBP/USD
An initial recovery has taken place from last weeks low at 1.4475. This may constitute the first leg higher in a larger correction, with initial resistances at 1.4932/1.5011 being cleared today. However, short-term swing lower, before a potential return to strength is not ruled out.
Res: 1.5107, 1.5146, 1.5174, 1.5209
Sup: 1.4759, 1.4706, 1.4643, 1.4573
USD/JPY
Double top at 95.00 and break of a trendline support, sparked a sharp decline to 87.96 on 06 May. A lower rejection there and strong recovery has followed. An hourly bullish consolidation has been confirmed by break above 93.19. Market now focuses 93.98, possibly 95.00 on a break.
Res: 93.52, 93.98, 94.32, 95.00
Sup: 92.49, 91.64, 90.98, 90.00
USD/CHF
Extended gains to 1.1244 on 06 May so far, ahead of corrective phase. Higher low is now sought near 1.0925 for a fresh leg higher, and through 1.1244/62 to target 1.1484, 76% retracement of 1.1966/0.9916 decline. Downside, 1.0923/1.0839 zone supports.
Res: 1.1082, 1.1102, 1.1155, 1.1180
Sup: 1.0954, 1.0923, 1.0887, 1.0839
Windsor Brokers - Short Term Technical Analysis for Majors (08:15 GMT)
EUR/USD
Rally from 1.2515, 06 May fresh yearly low, stalled at 1.3093 yesterday, ahead of sharp reversal. Market now focuses 1.2609/1.2515, and potential break here to open way for test of key longer-term supports at 1.2455/1.2331. Corrective attempts higher, however, are seen capped by 1.2807/15 zone, and only regain of 1.3093/1.3113 would improve the near-term outlook.
Res: 1.2807, 1.2815, 1.2881, 1.2947
Sup: 1.2675, 1.2609, 1.2569, 1.2515
GBP/USD
Current swing lower from yesterday's 1.5052 high is seen preceding a higher low for a fresh swing higher towards 1.5054/81. Downside, sustained break below 1.4475 will warn of an extension back towards 1.3500 medium-term.
Res: 1.4888, 1.4956, 1.5052, 1.5107
Sup: 1.4759, 1.4706, 1.4643, 1.4573
USD/JPY
Recovery off 87.96/90.83 has stalled at 93.52 yesterday, ahead of reversal. 92.30 low has been reached so far, with further weakening to open way for test of 91.64 and 90.83, ahead of possible extension to 87.96. Only regain of 93.52 improves and opens 93.98.
Res: 93.37, 93.52, 93.98, 94.32
Sup: 92.30, 91.64, 90.83, 90.00
USD/CHF
Extended gains to 1.1244 on 06 May so far, ahead of corrective phase. Higher low is now sought near 1.0925 for a fresh leg higher, and through 1.1244/62 to target 1.1484, 76% retracement of 1.1966/0.9916 decline. Downside, 1.0923/1.0839 zone supports.
Res: 1.1155, 1.1180, 1.1216, 1.1244
Sup: 1.1052, 1.1014, 1.0954, 1.0923
Windsor Brokers - Short Term Technical Analysis for Majors (08:15 GMT)
EUR/USD
Rally from 1.2515, 06 May fresh yearly low, stalled at 1.3093 yesterday, ahead of sharp reversal. Market now focuses 1.2609/1.2515, and potential break here to open way for test of key longer-term supports at 1.2455/1.2331. Corrective attempts higher, however, are seen capped by 1.2807/15 zone, and only regain of 1.3093/1.3113 would improve the near-term outlook.
Res: 1.2807, 1.2815, 1.2881, 1.2947
Sup: 1.2675, 1.2609, 1.2569, 1.2515
GBP/USD
Current swing lower from yesterday's 1.5052 high is seen preceding a higher low for a fresh swing higher towards 1.5054/81. Downside, sustained break below 1.4475 will warn of an extension back towards 1.3500 medium-term.
Res: 1.4888, 1.4956, 1.5052, 1.5107
Sup: 1.4759, 1.4706, 1.4643, 1.4573
USD/JPY
Recovery off 87.96/90.83 has stalled at 93.52 yesterday, ahead of reversal. 92.30 low has been reached so far, with further weakening to open way for test of 91.64 and 90.83, ahead of possible extension to 87.96. Only regain of 93.52 improves and opens 93.98.
Res: 93.37, 93.52, 93.98, 94.32
Sup: 92.30, 91.64, 90.83, 90.00
USD/CHF
Extended gains to 1.1244 on 06 May so far, ahead of corrective phase. Higher low is now sought near 1.0925 for a fresh leg higher, and through 1.1244/62 to target 1.1484, 76% retracement of 1.1966/0.9916 decline. Downside, 1.0923/1.0839 zone supports.
Res: 1.1155, 1.1180, 1.1216, 1.1244
Sup: 1.1052, 1.1014, 1.0954, 1.0923
EUR/USD
Extended losses trough1.2609 support today, following an upside rejection of the rally from 1.2515 at 1.3093 on 10 May. Next target stands at 1.2515, and break here to expose key longer-term supports at 1.2455/1.2331. Upside, 1.2750/60 offers immediate resistance, while only clearance of 1.3093/1.3113 firms.
Res: 1.2706, 1.2760, 1.2807, 1.2815
Sup: 1.2602, 1.2569, 1.2515, 1.2455
GBP/USD
Attempt to form higher low at 1.4719, yesterday's low, is now confirmed. Fresh gains towards 1.5052/81 is now expected, though, risk still seen for a lower high to form, ahead of fresh weakness, and break through 1.4475 to open way towards 1.3500 short-term.
Res: 1.5005, 1.5052, 1.5081, 1.5107
Sup: 1.4858, 1.4786, 1.4759, 1.4719
USD/JPY
Recovery off 87.96/90.83 has stalled at 93.52, ahead of reversal. 92.18 low has been reached yesterday, with further weakening to open way for test of 91.64 and 90.83, ahead of possible extension to 87.96. Only regain of 93.52 improves and opens 93.98.
Res: 93.12, 93.37, 93.52, 93.98
Sup: 92.18, 91.64, 90.83, 90.00
USD/CHF
Extended gains to 1.1244 high, seen on 06 May, ahead of corrective phase. Fresh gains off 1.0923 higher low, now seek for retest of 1.1244/62 to target 1.1484, 76% retracement of 1.1966/0.9916 decline. Downside, 1.1034 offers immediate support.
Res: 1.1155, 1.1180, 1.1216, 1.1244
Sup: 1.1034, 1.1014, 1.0954, 1.0923
Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)
EUR/USD
Extended losses trough1.2609 support today, following an upside rejection of the rally from 1.2515 at 1.3093 on 10 May. Next target stands at 1.2515, and break here to expose key longer-term supports at 1.2455/1.2331. Upside, 1.2750/60 offers immediate resistance, while only clearance of 1.3093/1.3113 firms.
Res: 1.2706, 1.2760, 1.2807, 1.2815
Sup: 1.2602, 1.2569, 1.2515, 1.2455
GBP/USD
Attempt to form higher low at 1.4719, yesterday's low, is now confirmed. Fresh gains towards 1.5052/81 is now expected, though, risk still seen for a lower high to form, ahead of fresh weakness, and break through 1.4475 to open way towards 1.3500 short-term.
Res: 1.5005, 1.5052, 1.5081, 1.5107
Sup: 1.4858, 1.4786, 1.4759, 1.4719
USD/JPY
Recovery off 87.96/90.83 has stalled at 93.52, ahead of reversal. 92.18 low has been reached yesterday, with further weakening to open way for test of 91.64 and 90.83, ahead of possible extension to 87.96. Only regain of 93.52 improves and opens 93.98.
Res: 93.12, 93.37, 93.52, 93.98
Sup: 92.18, 91.64, 90.83, 90.00
USD/CHF
Extended gains to 1.1244 high, seen on 06 May, ahead of corrective phase. Fresh gains off 1.0923 higher low, now seek for retest of 1.1244/62 to target 1.1484, 76% retracement of 1.1966/0.9916 decline. Downside, 1.1034 offers immediate support.
Res: 1.1155, 1.1180, 1.1216, 1.1244
Sup: 1.1034, 1.1014, 1.0954, 1.0923