Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 12
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Windsor Brokers - Short Term Technical Analysis for Majors (07:50 GMT)
EUR/USD
Two day bear flag is now setting up next leg lower through 1.1823, towards a key 2005 low at 1.1640. Potential break here would look for 1.1300 next. Momentum supports/confirms negative structure. Any upside attempts for now seen capped by 1.1987/1.2010.
Res: 1.1990, 1.2010, 1.2021, 1.2045
Sup: 1.1901, 1.1876, 1.1823, 1.1800
GBP/USD
Last weeks break lower out of a rising trend channel still dominates, with a break back over 1.4530 required to strengthen outlook in the short-term. Downside, loss of 1.4230 may trigger a daily bearish continuation set up.
Res: 1.4528, 1.4561, 1.4588, 1.4605
Sup: 1.4387, 1.4344, 1.4329, 1.4260
USD/JPY
Minor lower top at 92.07 caps ahead of latest drift lower. Further weakness is seen heading towards 5-week triangle support at 90.36, where a swing low may emerge. Regaining 92.07 delays and firms for 92.87.
Res: 91.68, 92.07, 92.20, 92.49
Sup: 91.05, 90.96, 90.83, 90.53
USD/CHF
Trading approximately mid point of a marginally corrective channel off 1.1730, 2010 high, posted 01 Jun. Current phase lower off 1.1672 found support at 1.1484 yesterday. Dips are seen limited by 1.1467/49, ahead of fresh push higher, and break above 1.1640 to open way for gains towards 1.1730.
Res: 1.1587, 1.1622, 1.1640, 1.1672
Sup: 1.1484, 1.1467, 1.1449, 1.1417
Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)
EUR/USD
Continues to correct higher from 1.1875, fresh four year low, posted on 07 Jun. Latest upswing off 1.1954 higher low now approaching 1.2180, 38.2% retracement of 1.2671/1.1875 downleg. Break here is needed to extends correction to 1.2215/72. Dips should be contained by 1.1954 to maintain immediate bears.
Res: 1.2148, 1.2180, 1.2215, 1.2272
Sup: 1.2073, 1.2010, 1.1954, 1.1901
GBP/USD
The corrective phase off 1.4230 looks set to continue towards 1.4771 and possibly 1.4876, as market extends gains from 1.4344 higher low. Eventual lower high sought for a return to weakness and an attempt for retest of 1.4344 and 1.4230.
Res: 1.4769, 1.4793, 1.4860, 1.4874
Sup: 1.4652, 1.4606, 1.4559, 1.4508
USD/JPY
Attempting to break up from a descending wedge to signal strength towards 92.07, 07 Jun high, and possibly 92.43, upper boundary of five week triangle. Break here would open 92.87 next. Downside, 90.95/83 zone supports for now and potential loss here to weaken the immediate tone for 90.53/89.91.
Res: 91.92, 92.07, 92.20, 92.43
Sup: 91.31, 90.85, 90.83, 90.53
USD/CHF
Corrective phase off 1.1730 reached 1.1396, just above 1.1375, channel support. Break below the latter to extend correction and turn focus to 1.1266, while regain of minimum 1.1502 is needed to firm tone for 1.1553 and channel resistance at 1.1602.
Res: 1.1502, 1.1533, 1.1553, 1.1602
Sup: 1.1396, 1.1375, 1.1325, 1.1300