Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 16
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Windsor Brokers - Short Term Technical Analysis for Majors (14:00 GMT)
EUR/USD
Attempts to sustain break above key 1.2671 resistance, with 1.2695 seen so far, just ahead of 1.2701, trendline resistance off 1.5140. Break here is needed to open 1.2738/60 area next. Immediate support stands at 1.2620, while potential break below 1.2552 risks fresh near-term bears.
Res: 1.2701, 1.2738, 1.2760, 1.2803
Sup: 1.2619, 1.2585, 1.2552, 1.2508
GBP/USD
Upside rejection at 1.5228 has triggered reversal that found support at 1.5080 yesterday, ahead of fresh strength. Market now consolidated just under 1.5228, break of which is required for final push towards 1.5301, 38.2% retracement of 1.7044/1.4230. Initial support stands at 1.5080, and loss here to sideline near-term bulls.
Res: 1.5239, 1.5265, 1.5301, 1.5345
Sup: 1.5120, 1.5080, 1.5041, 1.5000
USD/JPY
Dipped to 87.01 yesterday, just above 86.96, 01 Jul annual low. A corrective bounce is now being seen following the breach at 87.66. Potential is now for an extension to 88.77/91, before fresh downleg, and below 86.96 to expose 86.15. Above 88.91, however, to allow a stronger correction.
Res: 88.77, 88.91, 89.05, 89.50
Sup: 87.99, 87.62, 87.34, 86.96
USD/CHF
Has completed a 3 day bear flag as the market continues to trend lower towards key support at 1.0435. Market reached 1.0480, ahead of minor correction to 1.0561. Fresh weakness now approached 1.0480, break of which exposes 1.0435, possibly 1.0365 on a break. Upside regain of minimum 1.0561 is needed to delay bears.
Res: 1.0561, 1.0599, 1.0637, 1.0655
Sup: 1.0480, 1.0435, 1.0400, 1.0365
Windsor Brokers - Short Term Technical Analysis for Majors (08:15 GMT)
EUR/USD
The latest upleg off 1.2479, 06 July higher low, stalled at 1.2721 last Friday, ahead of reversal. Market is now approaching 1.2552, break of which would attract test of key 1.2479. Loss here would trigger fresh weakness and suggest a key lower top is in place. Upside, regain of 1.2648 is needed to improve and turn focus back to 1.2621/38.
Res: 1.2648, 1.2682, 1.2721, 1.2738
Sup: 1.2552, 1.2508, 1.2479, 1.2432
GBP/USD
Last weeks break under multi-week trend channel support hints at the end of the corrective phase off 1.4230. Further weakness under the 1.4854, 38.2% retracement of 1.4230/1.5239 upleg, would increase the probability of a lower high at 1.5239 and open 1.4730/1.4609 next.
Res: 1.5079, 1.5100, 1.5126, 1.5204
Sup: 1.4937, 1.4871, 1.4854, 1.4800
USD/JPY
Recovery phase off 86.96/87.01 base now approaching 89.19/21, trendline resistance / 38.2% retracement of 92.87/86.96 decline. Break here would open 89.50 next. Break below support at 88.56/25 is needed to suggest a key lower top in place.
Res: 89.21, 89.50, 89.78, 89.98
Sup: 88.56, 88.25, 87.99, 87.62
USD/CHF
Has extended recent bear phase to reach 1.0480 so far, just above key 1.0433, 01 Apr low. Recent consolidation could suggest a basing and the latest break above 1.0600 now looks for test of 1.0695. Downside, loss of 1.0526 risks a return back to 1.0480.
Res: 1.0655, 1.0675, 1.0695, 1.0749
Sup: 1.0540, 1.0526, 1.0480, 1.0433
Windsor Brokers - Short Term Technical Analysis for Majors (14:20 GMT)
EUR/USD
Reversal off 1.2721, dented 1.2552 today, ahead of possible attempt at key 1.2479, 06 July higher low. Break here would suggest a lower top and open fresh weakness towards 1.2396/69, 28 Jun high/61.8% retracement of 1.2150/1.2721, to attract a retest of 1.2192/50 near-term. Upside, regain of 1.2648 is required to ease immediate bear pressure and bring test of 1.2721/38 back in play.
Res: 1.2608, 1.2648, 1.2682, 1.2721
Sup: 1.2549, 1.2503, 1.2479, 1.2432
GBP/USD
Last weeks break under multi-week trend channel support signaled possible end of the corrective phase off 1.4230, with 1.4947 seen today, ahead of bounce. This is now attempting through 1.5079, break of which would ease immediate bear pressure and open way towards 1.5126, 61.8% retracement of 1.5239/1.4947 downleg, with break higher to confirm higher low and open 1.5204/39. Early upside rejection, however, brings 1.4871/54 in focus instead.
Res: 1.5100, 1.5126, 1.5204, 1.5239
Sup: 1.4947, 1.4937, 1.4871, 1.4854
USD/JPY
Recovery phase off 86.96/87.01 base approached 89.19/21, trendline resistance / 38.2% retracement of 92.87/86.96 decline, ahead of pullback. The first support at 88.56 has been tripped and further weakness focuses 88.25, break of which would suggest a lower top in place, and possible return to 86.96. Holding above 88.25, however, would keep immediate bulls in play for retest of 89.21/50.
Res: 89.14, 89.21, 89.50, 89.78
Sup: 88.25, 87.99, 87.62, 87.34
USD/CHF
Has extended recent bear phase to reach 1.0480 so far, just above key 1.0433, 01 Apr low. Recent consolidation could suggest a basing and the latest break above 1.0600 now looks for test of 1.0695, with 1.0675 seen so far. Downside, 1.0550/26 area offers support, and break below the latter would risk return back to 1.0480.
Res: 1.0675, 1.0695, 1.0749, 1.0765
Sup: 1.0550, 1.0540, 1.0526, 1.0480