Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 23
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Windsor Brokers - Short Term Technical Analysis for Majors (07:40 GMT)
EUR/USD
Break through key pivotal resistance at 1.3332 today has sparked fresh gains through 1.3417/22, April highs, to reach 1.3438 so far. Market now looks for test of 1.3510/23, 50% of 1.5144/1.1875 decline/20 Apr high. 1.3266/32 zone supports the advance.
Res: 1.3419, 1.3438, 1.3510, 1.3523
Sup: 1.3350, 1.3300, 1.3266, 1.3232
GBP/USD
Rally off 1.5502 low failed at 1.5714, just under key 1.5728 resistance, increasing risk of lower high and fresh weakness that will re-expose 1.5502. Break above 1.5728 will confirm higher low and signal a continuation of near-term uptrend from 1.5295.
Res: 1.5685, 1.5714, 1.5728, 1.5760
Sup: 1.5600, 1.5585, 1.5569, 1.5535
USD/JPY
Extended reversal after completing the latest 82.86/85.92 ascend, breaking below 84.72/48 supports, and looking for test of 84.05, possibly 82.86 on a break.
Upside, 85.20 offers immediate cap.
Res: 84.76, 85.00, 85.20, 85.51
Sup: 84.26, 84.05, 83.75, 83.34
USD/CHF
Reversal off 1.0181 broke below 0.9916, 2009 low, posted 26 Nov, extending weakness to 0.9836 so far. Bears look for test of 0.9785, ahead of possible return to the 0.9630 all-time low. Upside, 0.9931, now reverted to resistance, is expected to cap.
Res: 0.9900, 0.9931, 0.9980, 1.0014
Sup: 0.9836, 0.9808, 0.9800, 0.9785
Windsor Brokers - Short Term Technical Analysis for Majors (08:10 GMT)
EUR/USD
Corrects lower following the recent surge through 1.3332 resistance that peaked at 1.3438 on 22 Sep. Market has so far retraced 38.2% of 1.3028/1.3438 upleg at 1.3285, with further consolidation seen preceding the fresh strength towards 1.3510, 50% of 1.5144/1.1875 downleg and 1.3523, 20 Apr high. Downside, 1.3285/32 zone offers immediate support.
Res: 1.3363, 1.3379, 1.3419, 1.3438
Sup: 1.3285, 1.3266, 1.3232, 1.3185
GBP/USD
Correction off 1.5295, 07 Sep low, has seen renewed attempt at 1.5728, 61.8% retracement of 1.5997/1.5295 downleg, with 1.5740 seen so far, but failed to sustain gains. Break above the latter is required to resume near-term gains and expose 1.5822, 11 Aug high, next. Downside, 1.5610/03 offers support and potential break here to allow stronger reversal towards 1.5503.
Res: 1.5714, 1.5728, 1.5740, 1.5760
Sup: 1.5640, 1.5610, 1.5603, 1.5585
USD/JPY
Bounced strongly off 84.25, 22/23 Sep double dip, to reach 85.38, ahead of reversal. The upside rejection warns of possible return to 84.49/25, break of which would resume the near-term downtrend off 85.92. Upside, regain of 85.38 improves the tone for 85.92 retest.
Res: 85.38, 85.64, 85.80, 85.92
Sup: 84.49, 84.25, 84.05, 83.75
USD/CHF
Continues to trend lower, following reversal off 1.0181, with break below 0.9916, 2009 low, extending losses to 0.9803 so far. Minor correction from here is nearly over and break through 0.9803 to expose 0.9875, Mar 2008 lows net, with possible test of 0.9630, all-time low, not ruled out. Upside, 0.9880/98 caps for now.
Res: 0.9880, 0.9898, 0.9931, 0.9980
Sup: 0.9803, 0.9785, 0.9700, 0.9630
Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)
EUR/USD
Maintains positive structure after completing an hourly bull flag and breaking above 1.3438, 22 Sep previous high. Market has so far reached 1.3493, just under 1.3510 target, 50% of 1.5144/1.1875. Clearance of the latter to expose 1.3523/85 zone next. Downside, 1.3402/1.3368 supports, while loss of 1.3285 would delay.
Res: 1.3494, 1.3510, 1.3523, 1.3586
Sup: 1.3435, 1.3402, 1.3368, 1.3304
GBP/USD
Broke higher on Friday to test 76.4% retracement of 1.5997/1.5285 downleg. Sustained break here will open 1.5860 first, with possible retest of 1.5997, 06/09 Aug highs, not ruled out. Initial support lies at 1.5740/28, while break below 1.57 zone delays.
Res: 1.5842, 1.5860, 1.5910, 1.5997
Sup: 1.5805, 1.5771, 1.5740, 1.5728
USD/JPY
Maintains negative near-term tone off 85.92, with renewed attempt higher failure leaving a lower high at 85.38. Break below 84.10/03, 24 Sep low/61.8% retracement of 82.86/85.92 upleg, is needed to trigger fresh weakness and open way for possible retest of 82.86. Upside, 85.38 caps for now and only break here to firm the near-term tone.
Res: 84.75, 84.90, 85.21, 85.38
Sup: 84.10, 84.03, 83.75, 83.60
USD/CHF
Continues to trend lower, following reversal off 1.0181. Break below 0.9916, 2009 low, and 0.9803, 23 Sep previous low, has so far reached 0.9777, looking for test of all-time low of 0.9630, near-term. Upside, 0.9880/98 caps for now.
Res: 0.9880, 0.9898, 0.9931, 0.9980
Sup: 0.9809, 0.9777, 0.9700, 0.9630