Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 29
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Windsor Brokers - Short Term Technical Analysis for Majors (15:40 GMT)
EUR/USD
Remains at the back foot after falling from 1.3423 to 1.3249, with subsequent recovery so far being capped by 1.3364. While 1.3423 peak stays intact, focus is turned lower, and loss of 1.3249 to target 1.3212, 61.8% of 1.3082/1.3423 upleg. Strong support lies at 1.3085/54, ahead of key 1.2968, 30 Nov higher low.
Res: 1.3364, 1.3382, 1.3423, 1.3440
Sup: 1.3305, 1.3280, 1.3249, 1.3212
GBP/USD
Maintains negative tone following sharp reversal from 1.5659 to 1.5445. Corrective attempt off the latter was short-lived, leaving lower high at 1.5516, ahead of fresh weakness. Retest of 1.5366/43 lows would be the likely scenario, with break here to end recovery phase from 1.5343 and resume the broader downtrend. Only above 1.5659 improves the outlook.
Res: 1.5516, 1.5561, 1.5584, 1.5621
Sup: 1.5445, 1.5431, 1.5366, 1.5343
USD/JPY
Upside rejection at 84.49 and break below key supports at 82.83/33 has sparked fresh weakness to reach 80.92 so far, ahead of correction. Immediate resistance lies at 81.84, with clearance of 82.52 needed to improve outlook and allow for stronger correction. Otherwise, fresh attempt through 80.92, towards 80.52/24 key short-term supports and possible attack at 79.75, 1995 extreme low, is likely.
Res: 81.84, 82.28, 82.52, 82.80
Sup: 81.35, 80.92, 80.52, 80.24
USD/CHF
Extended the broader fall from 1.0064/0.9916, breaking through 2010 low at 0.9461, to reach fresh all time low at 0.9301. Consolidation above here is underway, with immediate focus on 0.9301 retest, break of which to open 0.9230/0.9155 next. Upside remains capped by 0.9530 and only break here would offer relief for 0.9628/63.
Res: 0.9381, 0.9416, 0.9432, 0.9468
Sup: 0.9301, 0.9230, 0.9200, 0.9150
Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)
EUR/USD
Accelerated losses after breaking through 1.3085, 200 day MA and 1.3054, 23 Dec 10 higher low to test 1.2968 pivot. Hourly studies remain bearish but oversold and correction higher would precede fresh weakness. Immediate resistance at 1.3080/1.3130. Break below 1.2968, however, will confirm the end of five-week corrective phase and continue downtrend from 1.4280. Next target lies at 1.2916.
Res: 1.3021, 1.3054, 1.3080, 1.3130
Sup: 1.2968, 1.2948, 1.2916, 1.2891
GBP/USD
Break below near-term supports at 1.5445/33 and attempt through 1.5413, 200 day MA, weakness from 1.5552 and turns focus towards 1.5343, key near-term support, break of which will look for retest of 1.5295, 07 Sep 10 pivot, with possible break here to open way for further retracement of upleg from 1.4230, 20 May 10 low. Corrective bounces so far limited by 1.5552/62, and only break here would improve the near-term outlook.
Res: 1.5472, 1.5500, 1.5552, 1.5562
Sup: 1.5432, 1.5404, 1.5365, 1.5343
USD/JPY
Shallow correction followed sharply rally that peaked at 83.38 yesterday, with fresh strength emerging from 82.87 higher low. Clearance of 83.38 looks for test of 83.90 and 84.19, ahead of final thrust towards key 84.34/49 resistance zone, break of which is needed to resume recovery off 80.24. 82.87 offers initial support, ahead of 82.55, 38.1% Fibonacci retracement of 80.92/83.55 ascend. Only break below 82.00 would sideline near-term bulls.
Res: 83.90, 84.19, 84.35, 84.49
Sup: 83.22, 82.87, 82.55, 82.27
USD/CHF
Extended the recent strength from 0.9301 historical low, to peak at 0.9706, ahead of correction. Support was so far found at 0.9608, which also marks 23.6% of 0.9301/0.9706 upleg, and holding above here keeps immediate bulls in play fro fresh push higher and through 0.9706 to open 0.9720/30 area, then 0.9770, 61.8% Fibonacci retracement of 1.0064/0.9301. Break below 0.9500, however, would question bulls.
Res: 0.9664, 0.9706, 0.9720, 0.9730
Sup: 0.9623, 0.9608, 0.9551, 0.9515
Windsor Brokers - Short Term Technical Analysis for Majors (15:00 GMT)
EUR/USD
Final push through key 1.2968 support has so far seen 1.2934, ahead of 1.2920/18, Aug/Sep 10 highs and 1.2795, 61.8% retracement of the broader 1.1875/1.4280 uptrend. Bounce higher is for now seen capped by 1.3054/80, while lift above 1.3130/70delays immediate bears.
Res: 1.3021, 1.3054, 1.3080, 1.3130
Sup: 1.2934, 1.2916, 1.2891, 1.2795
GBP/USD
Break below near-term supports at 1.5445/33 has so far found 1.5404, ahead of strong rally. Immediate targets lie at 1.5552/62 and break here required to delay near-term bears in favor of fresh strength and possible retest of key peaks at 1.5644/59, break of which will resume recovery from 1.5343. Failure under 1.5562, however, risks a lower top and renewed weakness through 1.5404 towards 1.5366/43.
Res: 1.5552, 1.5562, 1.5626, 1.5644
Sup: 1.5465, 1.5424, 1.5404, 1.5366
USD/JPY
Dipped back to 82.87 support after extending gains above 83.38 to peak at 83.67.
Fresh gains are under way, with break above the latter needed to resume the uptrend and target 83.90/84.17, possibly 84.34/49 on a break. Loss of 82.87, however, would trigger deeper correction towards 82.67/43, 50% and 61.8% of 81.67/83.67 ascend, where bulls should re-assert.
Res: 83.38, 83.67, 83.90, 84.19
Sup: 83.08, 82.87, 82.67, 82.43
USD/CHF
Extends correction off the latest high at 0.9706 below previous low to temporarily find support at 0.9594, ahead of rally. Clearance of 0.9706 is required to signal fresh leg higher, otherwise, we may see stronger correction, with 0.9551, 38.2% of 0.9301/0.9706 seen next. Upside, 0.9720/30 initial target on a break of 0.9706, ahead of 0.9770.
Res: 0.9689, 0.9706, 0.9720, 0.9730
Sup: 0.9614, 0.9608, 0.9594, 0.9551