Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 15
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Windsor Brokers - Short Term Technical Analysis for Majors (08:30 GMT)
EUR/USD
Remains constructive off 1.2208, 23 Jun higher low, following the earlier correction off 1.2468, 21 Jun high. Lower rejection at 1.2252, seen on 25 June, now buoys for 1.2429, ahead of key 1.2468, break of which is needed to resume recovery off 1.1875. Loss of 1.2252, however, would weaken the structure and risk 1.2208.
Res: 1.2398, 1.2415, 1.2429, 1.2468
Sup: 1.2317, 1.2280, 1.2252, 1.2208
GBP/USD
Has broken above daily rising channel, also close to 1.5031, 61.8% retracement of the 1.5523/1.4230 fall, to reach 1.5076 high thus far. Current reversal is seen corrective, ahead of fresh strength, and above 1.5076 to eye 1.5149. Only break below 1.4854 weakens outlook.
Res: 1.5076, 1.5095, 1.5149, 1.5174
Sup: 1.4973, 1.4914, 1.4885, 1.4854
USD/JPY
Continues to trend lower off 91.47, 21 June key lower top, with scope now seen for full retracement towards 88.95 swing low. An anticipated break will trigger a near-term extension to 87.96, 2010 low. 89.76 offer initial resistance, and break here is needed to ease immediate bear pressure.
Res: 89.76, 89.97, 90.32, 90.59
Sup: 89.21, 88.95, 88.14, 87.96
USD/CHF
Last week bear flag triggered a fresh weakness that has broken under 1.0924, 10 May low, to signal an extension to 1.0841, 04 May low. Break here risk 1.0728/1.0698, 03 May/ 27 Apr lows, next. Today's lower ceiling at 1.0937 now provides an immediate cap.
Res: 1.0938, 1.0952, 1.0981, 1.1045
Sup: 1.0842, 1.0728, 1.0698, 1.0674
Windsor Brokers - Short Term Technical Analysis for Majors (14:20 GMT)
EUR/USD
Remains constructive off 1.2208, 23 Jun higher low, following the earlier correction off 1.2468, 21 Jun high. Holding 1.2252, 25 June higher low, keeps near-term bulls in play for possible attempt towards 1.2429, and key 1.2468, break of which is needed to resume recovery off 1.1875. Loss of 1.2252, however, would weaken the structure and risk 1.2208.
Res: 1.2398, 1.2415, 1.2429, 1.2468
Sup: 1.2280, 1.2252, 1.2208, 1.2162
GBP/USD
Has broken above daily rising channel, also close to 1.5031, 61.8% retracement of the 1.5523/1.4230 fall, to reach 1.5076 on 25 June, ahead of shallow correction. Fresh strength now attempts through 1.5076, with sustained break here to eye 1.5149. Downside, break below 1.4854 weakens outlook.
Res: 1.5095, 1.5149, 1.5174, 1.5188
Sup: 1.5015, 1.4973, 1.4914, 1.4885
USD/JPY
Continues to trend lower off 91.47, 21 June key lower top, with scope now seen for full retracement towards 88.95 swing low. An anticipated break will trigger a near-term extension to 87.96, 2010 low. 89.76 offer initial resistance, and break here is needed to ease immediate bear pressure.
Res: 89.50, 89.76, 89.97, 90.32
Sup: 88.95, 88.14, 87.96, 87.36
USD/CHF
Last week bear flag triggered a fresh weakness that has broken under 1.0924, 10 May low, and 1.0841, 04 May low. Risk is now seen for test of1.0728/1.0698, 03 May/ 27 Apr lows, next. Today's lower ceiling at 1.0937 now provides an immediate cap.
Res: 1.0889, 1.0938, 1.0952, 1.0981
Sup: 1.0810, 1.0728, 1.0698, 1.0674
Windsor Brokers - Short Term Technical Analysis for Majors (08:15 GMT)
EUR/USD
Rally from 1.2208 and 1.2252 stalled at 1.2398 yesterday, ahead of reversal. Break below 1.2290, trendline support, and 1.2252 confirms 1.2468 as a key lower top, with scope for retest of key near-term supports1.2208 and 1.2162. Upside attempts should be capped by 1.2295.
Res: 1.2295, 1.2318, 1.2343, 1.2398
Sup: 1.2208, 1.2162, 1.2110, 1.2075
GBP/USD
Broke above 1.5031, 61.8% retracement of the 1.5523/1.4230 fall, to reach a fresh high of 1.5127 yesterday, ahead of reversal. This is so far seen corrective, while 1.5015 support holds, for fresh push higher, to target 1.5127/49. yesterday/06 May high. Loss of 1.5015, however, to risk deeper correction and open key 1.4854 support.
Res: 1.5127, 1.5149, 1.5174, 1.5188
Sup: 1.5044, 1.5015, 1.4973, 1.4914
USD/JPY
Breaks lower through a 7 month rising trendline at 88.95 to confirm potential for further weakness. Negative hourly studies confirm bear structure and 87.96 marks the next downside target, though oversold conditions suggest correction. 89.05 offer immediate resistance, ahead of 89.50/76, break of which is required to ease bear pressure.
Res: 89.05, 89.50, 89.76, 89.97
Sup: 88.95, 88.14, 87.96, 87.36
USD/CHF
Last week bear flag triggered a fresh weakness that has broken under 1.0924, 10 May low, and 1.0841, 04 May low to reach 1.0815 low so far. Risk is now seen for test of 1.0728/1.0698, 03 May/ 27 Apr lows, while 1.0937 caps.
Res: 1.0894, 1.0937, 1.0958, 1.0981
Sup: 1.0815, 1.0728, 1.0698, 1.0674
Windsor Brokers - Short Term Technical Analysis for Majors (08:15 GMT)
EUR/USD
Rally from 1.2208 and 1.2252 stalled at 1.2398 yesterday, ahead of reversal. Break below 1.2290, trendline support, and 1.2252 confirms 1.2468 as a key lower top, with scope for retest of key near-term supports1.2208 and 1.2162. Upside attempts should be capped by 1.2295.
Res: 1.2295, 1.2318, 1.2343, 1.2398
Sup: 1.2208, 1.2162, 1.2110, 1.2075
GBP/USD
Broke above 1.5031, 61.8% retracement of the 1.5523/1.4230 fall, to reach a fresh high of 1.5127 yesterday, ahead of reversal. This is so far seen corrective, while 1.5015 support holds, for fresh push higher, to target 1.5127/49. yesterday/06 May high. Loss of 1.5015, however, to risk deeper correction and open key 1.4854 support.
Res: 1.5127, 1.5149, 1.5174, 1.5188
Sup: 1.5044, 1.5015, 1.4973, 1.4914
USD/JPY
Breaks lower through a 7 month rising trendline at 88.95 to confirm potential for further weakness. Negative hourly studies confirm bear structure and 87.96 marks the next downside target, though oversold conditions suggest correction. 89.05 offer immediate resistance, ahead of 89.50/76, break of which is required to ease bear pressure.
Res: 89.05, 89.50, 89.76, 89.97
Sup: 88.95, 88.14, 87.96, 87.36
USD/CHF
Last week bear flag triggered a fresh weakness that has broken under 1.0924, 10 May low, and 1.0841, 04 May low to reach 1.0815 low so far. Risk is now seen for test of 1.0728/1.0698, 03 May/ 27 Apr lows, while 1.0937 caps.
Res: 1.0894, 1.0937, 1.0958, 1.0981
Sup: 1.0815, 1.0728, 1.0698, 1.0674
Windsor Brokers - Short Term Technical Analysis for Majors (08:15 GMT)
EUR/USD
Recovery phase off 1.2151, 29 June low, stalled at 1.2304 yesterday near 61.8% retracement of 1.2398 to 1.2151 decline. A retest on 1.2151 is anticipated, ahead of an eventual break lower towards 1.2110/1.2045. 1.2305 offers initial resistance, ahead 1.2345, trendline resistance.
Res: 1.2304, 1.2318, 1.2343, 1.2360
Sup: 1.2192, 1.2151, 1.2110, 1.2075
GBP/USD
Breaks through 1.4917, trendline support off 1.4344, 08 Jun low. This now increases the probability of a push below key 1.4854 support, confirming a false break higher out of a daily wedge. Under 1.4854 to expose 1.4801.
Res: 1.4974, 1.5034, 1.5072, 1.5105
Sup: 1.4854, 1.4801, 1.4740, 1.4690
USD/JPY
Break below seven week triangle and a trendline support drawn off 84.80, Nov 2009 spike low, now signal further weakness. Market approaches 87.96, annual low and potential break here to pivot 87.36 next. Short term, attempt at 84.80 is not ruled out. 88.77 should cap above.
Res: 88.77, 88.91, 89.05, 89.50
Sup: 87.96, 87.36, 87.00, 86.60
USD/CHF
The latest break below 1.0728, 03 May low, risks further decline, with 1.0698 now under pressure. Break below here opens the path to 1.0609, 61.8% retracement of the 0.9916/1.1730 ascend. Regain of 1.0854 is needed to firm the near-term outlook.
Res: 1.0765, 1.0787, 1.0854, 1.0880
Sup: 1.0698, 1.0675, 1.0654, 1.0609