Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 37
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Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)
EUR/USD
Trades just under 1.40 barrier after support was found at 1.3854 and fresh strength briefly broke above 1.40. The latter still acts as strong resistance, though, near-term studies remain positive, and while 1.3854 underpins, scope is seen for fresh attempt through 1.4000/35 to signal an upside resumption towards 1.4100 next.
Res: 1.4002, 1.4035, 1.4050, 1.4100
Sup: 1.3963, 1.3920, 1.3854, 1.3839
GBP/USD
Attempts to form near-term double bottom at 1.5975, as fresh strength remains supported at 1.6050. Break above 1.6100 barrier would signal further extension towards 1.6137 barrier, break of which is needed to confirm and expose 1.6200 next. Below 1.6050, however, weakens immediate outlook.
Res: 1.6100, 1.6120, 1.6137, 1.6200
Sup: 1.6050, 1.6000, 1.5976, 1.5957
USD/JPY
Near-term outlook weakens again after strong recovery from 80.59 spike low, surged through 82.00 barrier, to reach 82.45 high. Failure to hold gains above 82.00 has sparked fresh weakness below 81.00, has so far tested 80.60, ahead of 80.24 key support, loss of which will expose 15-year low at 79.75. At the upside, 82.00/45 is expected to cap.
Res: 81.16, 81.41, 81.86, 82.00
Sup: 80.24, 80.00, 79.75, 79.50
USD/CHF
Extends weakness after 0.9360 capped the recovery attempt, with loss 0.9200 support triggering fall to post fresh record low at 0.9139. Correction is under way, with 0.9200/45, previous low / 20 day MA, offering initial resistance. However, regain of 0.9360 barrier is needed to signal stronger recovery.
Res: 0.9196, 0.9204, 0.9220, 0.9245
Sup: 0.9150, 0.9139, 0.9100, 0.9050
Windsor Brokers - Short Term Technical Analysis for Majors (14:30 GMT)
EUR/USD
Upside remains capped at 1.40 near-term with latest pullback extending through 20 day MA at 1.3940 and retracing over 61.8% of 1.3854/1.4012 ascend. While 1.40 intact, immediate scope is seen for possible probe under 1.39 and retest of 1.3854, break of which will confirm double top and open way for fresh weakness towards 1.3751.
Trades just under 1.40 barrier after support was found at 1.3854 and fresh strength briefly broke above 1.40. The latter still acts as strong resistance, though, near-term studies remain positive, and while 1.3854 underpins, scope is seen for fresh attempt through 1.4000/35 to signal an upside resumption towards 1.4100 next.
Res: 1.4002, 1.4035, 1.4050, 1.4100
Sup: 1.3911, 1.3862, 1.3854, 1.3839
GBP/USD
Fails to sustain gains above 1.61, with subsequent reversal attempting at 1.6050 support and overnight low. Break here will end hopes of forming double bottom and return 1.5976/57, short-term range floor, back in focus. At the upside, 1.6130/37 offers initial resistance, and sustained break higher needed to revive bulls.
Res: 1.6116, 1.6130, 1.6137, 1.6200
Sup: 1.6047, 1.6000, 1.5976, 1.5957
USD/JPY
Maintains negative tone after upside rejection at 82.45, to extend losses through 80.59, 14 Mar spike low, to 80.44 today. Immediate focus lies at 80.24, 15 year low, break of which will expose 79.75, 1995 record low. At the upside, 82.00/45 is expected to cap.
Res: 81.16, 81.41, 81.86, 82.00
Sup: 80.24, 80.00, 79.75, 79.50
USD/CHF
Extends weakness after 0.9360 capped the recovery attempt, with loss of 0.9200 support triggering fall to post fresh record low at 0.9139. Subsequent corrective attempt was short-lived, as 0.92 capped, with fresh low posted at 0.9130. Studies remain negative, despite being in oversold zone, with 0.9100 seen next.
Res: 0.9196, 0.9204, 0.9220, 0.9245
Sup: 0.9139, 0.9130, 0.9100, 0.9050