Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 28
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Windsor Brokers - Short Term Technical Analysis for Majors (10:00 GMT)
EUR/USD
Extends reversal from 1.3500 after leaving a lower top at 1.3377, to hit fresh low at 1.3208. The key near-term support/pivot lies at 1.3163 and while above here, possibility of retesting 1.3500 remains in play. Otherwise, break lower would risk fresh weakness and expose 1.3059 initially.
Res: 1.3315, 1.3377, 1.3440, 1.3500
Sup: 1.3208, 1.3163, 1.3100, 1.3059
GBP/USD
Reversal from 1.5910 accelerated losses after breaking through 1.5667/54 support zone, clearing 6-month trendline support, to reach 1.5529 low so far. Corrective attempts are seen limited by 1.5654/67 zone, now reverted to resistance, with fresh weakness expected to attack key short-term support at 1.5483. Only break above 1.5667 to improve the outlook.
Res: 1.5654, 1.5667, 1.5710, 1.5767
Sup: 1.5529, 1.5510, 1.5483, 1.5405
USD/JPY
Fresh strength off 82.83 higher low has seen an attempt through the recent consolidation ceiling at 84.29/39, with 84.49 reached, ahead of correction. Immediate target lies at 84.60, 76.4% retracement of 85.92/80.24 decline, break of which will expose 85.40, 24 Sep high. Downside, 83.61 is now key support and only break here to delay immediate bulls.
Res: 84.32, 84.49, 84.60, 84.82
Sup: 83.76, 83.61, 83.16, 82.83
USD/CHF
Extended reversal from 1.0064, 01 Dec high, through 0.9913, 08 Dec lower high, accelerating losses through 2-month trendline support, to reach 0.9560 so far, just above 0.9546, key short-term support. Correction higher is under way, with 0.9735/77 zone expected to cap.
Res: 0.9724, 0.9735, 0.9755, 0.9777
Sup: 0.9572, 0.9560, 0.9546, 0.9461
Windsor Brokers - Short Term Technical Analysis for Majors (10:00 GMT)
EUR/USD
Downside remains well supported at 1.3180/75, yesterday/13 Dec lows and 61.8% of 1.2968/1.3500 upleg, as the pullback from 1.3500 high found support at 1.3180 again, followed by fresh strength. Near-term studies are supportive for an attempt at 1.3377 lower top, break of which is required to continue gains for 1.3500 retest.
Res: 1.3365, 1.3377, 1.3440, 1.3500
Sup: 1.3278, 1.3233, 1.3180, 1.3163
GBP/USD
Reversal from 1.5910 accelerated losses after breaking through 1.5667/54 support zone, clearing 6-month trendline support, to reach 1.5529 low so far. Bounce from here is under way, with first group of resistances seen at 1.5654/67. Possible further recovery is seen limited by 1.5718/38, where a lower top is anticipated, ahead of fresh weakness to test 1.5529/10, with 1.5483, 30 Nov key near-term support been in sight.
Res: 1.5654, 1.5667, 1.5710, 1.5767
Sup: 1.5609, 1.5558, 1.5529, 1.5510
USD/JPY
Recent consolidation ceiling at 84.29/39 caps all upside attempts for now, as the latest two false breaks were followed by immediate pullbacks. Bears are testing 83.63, consolidation bottom, break of which would delay near term bulls and allow for stronger correction and possible retest of 82.83, 14 Dec higher low. Early downside rejection, however, would keep the recent tops retest in focus.
Res: 84.00, 84.32, 84.49, 84.60
Sup: 83.61, 83.16, 82.83, 82.33
USD/CHF
Extended reversal from 1.0064, 01 Dec high, through 0.9913, 08 Dec lower high, accelerating losses through 2-month trendline support, to reach 0.9560 so far, just above 0.9546, key short-term support. Correction higher run out of steam just ahead of 50% retracement of 0.9913/0.9560 decline at 0.9736, with fresh weakness exceeding the previous low, en-route to 0.9546. Break here to expose 0.9461 next. Only regain of 0.9732 improves the tone.
Res: 0.9650, 0.9710, 0.9732, 0.9735
Sup: 0.9546, 0.9461, 0.9400, 0.9350
Windsor Brokers - Short Term Technical Analysis for Majors (10:20 GMT)
EUR/USD
Extends reversal off 1.3358 lower top, through 1.3180/63 support zone, to reach 1.3124 low thus far. This brings 1.3059, 02 Dec low in focus, with possible retest of 1.2968 also in play. Early rejection above the latter, however, may signal fresh recovery attempt, though, bears remain firmly in play while 1.3358 caps.
Res: 1.3186, 1.3242, 1.3270, 1.3358
Sup: 1.3124, 1.3100, 1.3059, 1.3049
GBP/USD
Extended downtrend from 1.6297 after leaving a lower top at 1.5910, breaking through previous low at 1.5483, to reach 1.5453 so far. Correction off here needs to clear minimum1.5645 to firm the tone and spark further recovery, otherwise, fresh weakness through 1.5405 towards 1.5295 would be likely scenario.
Res: 1.5583, 1.5645, 1.5667, 1.5710
Sup: 1.5453, 1.5405, 1.5384, 1.5344
USD/JPY
Recent consolidation ceiling at 84.29/39 caps all upside attempts for now, as the latest two false breaks were followed by immediate pullbacks. Bears are tested 83.63, consolidation bottom, with fresh upside attempt under way. This keeps focus at 84.39, with break higher to open 85.40 next. Loss of 83.63, however, delays.
Res: 84.19, 84.39, 84.49, 84.60
Sup: 83.63, 83.16, 82.83, 82.33
USD/CHF
Decline off 0.9732 lower high found support at 0.9556, just ahead of key 0.9546 level, where the fresh strength has emerged. Correction stalled at 0.9718, just under 0.9732 and while holding below here, keeps the down side in focus, with potential break below 0.9556 to expose 0.9461, yearly low. Clearance of 0.9732, however, provides relief and opens 0.9849.
Res: 0.9718, 0.9732, 0.9754, 0.9795
Sup: 0.9630, 0.9595, 0.9556, 0.9546
Windsor Brokers - Short Term Technical Analysis for Majors (15:20 GMT)
EUR/USD
Extends the recent weakness from 1.3358 lower high, with break below 200-day MA, keeping the negative tone in play. Retest of 1.2968, 30 Nov low is now in focus, as upside remains capped by 1.3200. Potential loss of 1.2968 to open way for further retracement of the upleg from 1.1875/1.2717, to initially target 1.2792, 61.8% retracement of 1.1875/1.4280 ascend.
Res: 1.3179, 1.3200, 1.3225, 1.3264
Sup: 1.3072, 1.3059, 1.3049, 1.2968
GBP/USD
Accelerates downtrend from 1.5910, breaking below 1.5483, previous low; 1.5405, falling wedge support and 1.5389, 200 day MA. This suggests further weakness and brings 1.5343/1.5295 in focus. However, hourly conditions are becoming oversold and correction may precede fresh downleg, though, break above 1.5575 is needed to improve near-term tone.
Res: 1.5492, 1.5518, 1.5575, 1.5645
Sup: 1.5375, 1.5343, 1.5295, 1.5250
USD/JPY
Remains in a narrow range, following the latest upside failure at 84.49. Immediate supports lie at 82.83/33, with break below the latter to signal fresh phase lower, while upside clearance of cluster of resistances between 84.29 and 84.49 is required to resume recovery off 80.24.
Res: 83.89, 84.19, 84.39, 84.49
Sup: 83.41, 83.16, 82.83, 82.33
USD/CHF
Succession of lower highs from 1.0064 keeps near-term bears in play, with scope for full retracement of 0.9461/1.0064 recovery attempt. Market has so far tested 0.95 level, with potential break through 0.9461 to signal fresh bear phase. Only regain of 1.0064 would improve the outlook.
Res: 0.9718, 0.9732, 0.9754, 0.9795
Sup: 0.9506, 0.9461, 0.9400, 0.9350
Windsor Brokers - Short Term Technical Analysis for Majors (14:00 GMT)
EUR/USD
Trades in a narrow range after fall from 1.3358 lower high reached fresh low at 1.3054. Corrective attempts are so far limited by 1.3200, with immediate focus on retest of 1.2968, 30 Nov low. To avoid this scenario, higher low above the latter is requited and break above 1.32 to open 1.3358, then 1.3497.
Res: 1.3179, 1.3200, 1.3225, 1.3264
Sup: 1.3072, 1.3059, 1.3049, 1.2968
GBP/USD
Accelerates downtrend from 1.5910, breaking below 1.5483, previous low; 1.5405, falling wedge support and 1.5389, 200 day MA, to test 1.5345. This suggests further weakness, with 1.5295 in focus, while 1.5575 offers immediate cap. Only regain of 1.5645 to ease bear pressure.
Res: 1.5492, 1.5518, 1.5575, 1.5645
Sup: 1.5355, 1.5343, 1.5295, 1.5250
USD/JPY
Extends weakness of 84.49 after break below 82.83 support has so far seen 82.64, en-route to key near-term support at 82.33. Break here would open way for fresh bear phase and expose 81.85, 61.8% of 80.24/84.49 ascend. Above 84.49, however, would resume corrective attempt off 80.24.
Res: 83.89, 84.19, 84.39, 84.49
Sup: 82.33, 81.85, 81.65, 81.25
USD/CHF
Extended fall from 1.0064/0.9916, to reach 0.9495, just above yearly low at 0.9461. Correction higher is underway, with immediate resistance at 0.9663, below where a lower top is anticipated for fresh attempt towards 0.9461. Upside regain of 0.9718/32 is required to open way for stronger correction.
Res: 0.9663, 0.9694, 0.9718, 0.9732
Sup: 0.9573, 0.9550, 0.9495, 0.9461
Windsor Brokers - Short Term Technical Analysis for Majors (14:00 GMT)
EUR/USD
The latest descend off 1.3497 has so far found support at 1.3054, with fresh attempt higher under way. Clearance of 1.3200 resistance sidelined immediate risk of retest of 1.2968 key support, turning the near-term focus higher. 1.3273 reached so far, that also marks 50% retracement of 1.3497/1.3054 downleg. However, break above 1.3358 lower top is needed to resume recovery and open 1.3497.
Res: 1.3273, 1.3327, 1.3358, 1.3377
Sup: 1.3158, 1.3128, 1.3078, 1.3054
GBP/USD
Weakness off 1.5910, 14 Dec lower high, broke through 1.5483 previous low, extending losses through 1.5392, 200 day MA, to 1.5355 so far. While 1.5645 caps corrective attempts, risk remains for fresh push lower, and loss of 1.5355 to expose 1.5295, key medium-term support. Above 1.5645, however, would allow for stronger correction towards 1.5694, 61.8% retracement of 1.5910/1.5355 downleg.
Res: 1.5510, 1.5566, 1.5575, 1.5645
Sup: 1.5468, 1.5411, 1.5368, 1.5355
USD/JPY
Continues to trend lower after an upside failure at 84.49. Key near-term supports at 82.83/33 have been lost, with brief break through 61.8% retracement of 80.24/84.49 at 81.97and 81.90, main trendline support drawn off 80.24, suggesting further weakness towards 81.60/00 zone next. Immediate resistances lie at 83.16/38 and only break above the latter to ease bear pressure.
Res: 82.33, 82.83, 83.16, 83.38
Sup: 81.82, 81.60, 81.06, 80.55
USD/CHF
Recovery attempt from 0.9495 has been short-lived as market failed to sustain gains above 0.9640, with sharp reversal followed. Break below 0.9495 and historical low and 2010 low at 0.9461 suggests fresh bear phase, while only regain of 0.9660/0.9732 would provide relief.
Res: 0.9518, 0.9534, 0.9563, 0.9577
Sup: 0.9461, 0.9452, 0.9432, 0.9410