Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 19
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Windsor Brokers - Short Term Technical Analysis for Majors (06:50 GMT)
EUR/USD
Yesterday's break out of a four hourly rising channel that failed to hold now warns of a false break higher and the initiation of a corrective phase. Risk of a pullback to Monday's 1.3054 weekly low (nr 38.2% of 1.2732 upleg).
Res: 1.3183, 1.3242, 1.3262, 1.3300
Sup: 1.3090, 1.3054, 1.3027, 1.3002
GBP/USD
Although a re-test of the recent 1.5968 high remains possible, over-bought conditions warn of a relapse, with the formation of an hourly head and shoulders top (triggered under yesterday's low at 1.5857).
Res: 1.5913, 1.5945 1.5968, 1.6010,
Sup: 1.5829, 1.5805, 1.5780, 1.5723
USD/JPY
Wed's piercing candle pattern marks key reversal day with scope for recovery at 86.72 (50% of 88.12/85.32 fall) and weekly high of 86.89. Dips seek a swing high towards previous hourly lower high at 85.91.
Res: 86.46, 86.65, 86.89, 87.17
Sup: 85.00, 85.32, 85.56, 85.70
USD/CHF
The hourly diamond type formation seen over recent sessions has acted as a reasonable short term base, fueling a recovery rally above the 1.0477 lower top. Scope is set at 1.0640, 200-day MA and key 1.0676/97 resistance band.
Res: 1.0536, 1.0565, 1.0578. 1.0623
Sup: 1.0477, 1.0413, 1.0381, 1.0348
Windsor Brokers - Short Term Technical Analysis for Majors (06:10 GMT)
EUR/USD
Short-term remains rangebound with initial signs of exhaustion following the earlier breaj out of a four hour rising channel. Regaining 1.3236/40 will hint at renewed strength. Below 1.3119 signals a pullback to 1.3054/1.2980.
Res: 1.3242, 1.3262, 1.3300, 1.3365
Sup: 1.3107, 1.3090, 1.3054, 1.3027
GBP/USD
Yesterday's failure to follow through on an hourly head and shoulders top has turned the outlook short-term bullish with scope for a re-test of the recent high at 1.5968. Blw 1.5820 defers. Region remains good for l-term shorts.
Res: 1.5925, 1.5945 1.5968, 1.6010,
Sup: 1.5820, 1.5780, 1.5761, 1.5723
USD/JPY
A further leg higher is anticipated in a potential corrective cycle off the recent annual low at 85.32. A possible higher low is in place at yesterday's 85.71 for a return to 86.46 initially. Below 85.71 defers.
Res: 86.23, 86.35, 86.46, 86.89
Sup: 85.00, 85.32, 85.56, 85.70
USD/CHF
Wednesday's push over 1.0477 suggests a short term base may be in place. While over 1.0413 a continuation of the near-term recovery is favoured towards 1.0580 before a possible lower high may form.
Res: 1.0519, 1.0555, 1.0565. 1.0580
Sup: 1.0413, 1.0390, 1.0381, 1.0348
Windsor Brokers - Short Term Technical Analysis for Majors (10:55 GMT)
EUR/USD
Channeling structure continues with scope set towards 1.3365/1.3417. Near-term 1.3523 (20 Apr, nr 200-day MA) hinted. Below 1.3119 will break rising channel support, opening up a corrective phase.
Res: 1.3340, 1.3365, 1.3390, 1.3425
Sup: 1.3240, 1.3160, 1.3120, 1.3055
GBP/USD
Short-term structure has broken over the 1.5968 level (61.8% of 1.7044/1.4228 fall) and now probes the 1.6000 region where a breakout would favor 1.6070 next. The current region may act as a reasonable entry for med-term shorts.
Res: 1.6010, 1.6040, 1.6070, 1.6120
Sup: 1.5865, 1.5820, 1.5780, 1.5760
USD/JPY
Weakness last week saw a test of multi-month trend-line support off the key long-term low at 79.75. A break under the 2009 low at 84.82 is expected over coming sessions to trigger a return to 79.75, medium-term.
Res: 86.00, 86.25, 86.45, 86.70
Sup: 85.00, 84.80, 84.00, 83.50
USD/CHF
A daily falling channel dominates with resistance through highs at 1.0676/1.0640. A re-test of channel support, currently at 1.0325 is expected where a break lower may occur for a re-test of 1.0231.
Res: 1.0450, 1.0480, 1.0515, 1.0555
Sup: 1.0335, 1.0310, 1.0290, 1.0230
Windsor Brokers - Short Term Technical Analysis for Majors (07:40 GMT)
EUR/USD
Thu's lower top at 1.2933 continues to cap ahead of latest slide to probe 1.2732 and break opening cluster of Fib retraces @1.2600/05 where bounce may be anticipated on positive hourly divergences. Reclaiming 1.2832 relieves
Res: 1.2832, 1.2867, 1.2910, 1.2933
Sup: 1.2732, 1.2682, 1.260, 1.2615
GBP/USD
Has met and bounced off daily trend-line support from 1.4346. Scope now for a short-term recovery higher. Back under the day's low at 1.5535 will re-ignite bears for 1.5473 initially. Hourly falling wedge forming.
Res: 1.5656, 1.5690 1.5714, 1.5736,
Sup: 1.5562, 1.5553, 1.5521, 1.5473
USD/JPY
A poss 5-wave rise off Wed's hammer low of 84.72 is indicated while current setback from 86.39 high may unfold a potential flat consol'n. A swing low over 85.56 bodes well to next upleg. Abv 86.46 firms 86.89 next and 88.12.
Res: 86.24, 86.46, 86.65, 87.89
Sup: 84.94, 85.18, 85.35, 85.49
USD/CHF
Last upswing stalled at 1.0630 last Thur, under key resist at 1.0646. An hourly head & shoulders top now fueling a drop back twds 1.0332, the lower level of n-tern 1.0332 to 1.0640 sideways consoln.
Res: 1.0536, 1.0555, 1.0588. 1.0630
Sup: 1.0413, 1.0396, 1.0375, 1.0332