Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 43
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Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
Reversed under 1.4800 after posting fresh annual high at 1.4880, to break below channel support, drawn off 1.4156, 18 Apr low, and reach 1.4761 low so far. Further reversal is seen towards 1.4732/1.4685 Fibonacci levels, where a higher low is anticipated to maintain short-term bulls in play. Loss of 1.4630 higher platform, however, would turn tone negative for potential revisit of 1.45 zone. On the upside, regain of 1.4880 would open 1.4900, ahead of psychological 1.5000 level.
Res: 1.4830, 1.4862, 1.4880, 1.4900
Sup: 1.4761, 1.4732, 1.4685, 1.4630
GBP/USD
Continues to trade sideways after posting fresh high at 1.6745 and subsequent pullback so far been contained at 1.6620 zone. 20 day MA on 4-hour chart, currently at 1.6645, underpins for now, with regain of 1.67 handle to open way for retest of 1.6745, break of which is sought for fresh leg higher, towards 1.6800/77. On the downside, potential loss of 1.6620 platform, also 38.2% Fibonacci retracement of 1.6434/1.6745 ascend, would open 1.6600/1.6550.
Res: 1.6700, 1.6737, 1.6745, 1.6800
Sup: 1.6642, 1.6622, 1.6600, 1.6585
USD/JPY
Extended weakness after losing 81.26, previous low, to briefly test 81.00 level, ahead of bounce. This is seen corrective while 81.60/80 zone holds, with 4-hour 55 day MA, currently at 82.00, maintaining short-term bears. Break here and through key near-term barrier at 82.80 is needed to signal stronger recovery, otherwise, lower top and fresh weakness towards 81.00/80.69 would be likely scenario.
Res: 81.68, 81.85, 82.26, 82.80
Sup: 81.00, 80.69, 80.24, 80.00
USD/CHF
Short-term bears remain in play, extending to a fresh all-time low at 0.8623, posted today. Corrective attempt has so far reached 0.8690 zone, with 20 day MA, currently at 0.8711, offering immediate resistance. However, lift above 0.8760/70, previous high / 38.2% Fibonacci retracement of 0.9007/0.8623, is needed to signal recovery under way, and open 0.8830/60 for retest. Upside rejection under 0.8760, however, would risk lower top and fresh weakness towards 0.8623/0.8600 initially.
Res: 0.8694, 0.8710, 0.8758, 0.8772
Sup : 0.8671, 0.8650, 0.8642, 0.8623
Windsor Brokers - Short Term Technical Analysis for Majors (13:30 GMT)
EUR/USD
Continues to consolidate above 1.4800 level after pullback from 1.4880, fresh yearly high, found temporary support at 1.4770/60 zone. Positive near-term tone sees scope for renewed attempt at 1.4876/80 highs, break of which will open 1.4900, then psychological resistance at 1.5000. Current price action is supported by 4-hour 20 day MA, currently at 1.4810, ahead of 1.4770/60, correction lows and 1.4732, 32.8% Fibonacci retracement of 1.4492/1.4880 upleg.
Res: 1.4862, 1.4876, 1.4880, 1.4900
Sup: 1.4826, 1.4800, 1.4772, 1.4761
GBP/USD
Remains in sideways trading mode after posting fresh high at 1.6745 and subsequent pullback so far been contained at 1.6620 zone. 20 day MA on 4-hour chart, currently at 1.6658, underpins for now, with clear break above 1.6700 barrier to open way for retest of 1.6745. Break above the latter opens fresh leg higher, with initial targets at 1.6800 and 1.6877, Nov 2009 high. On the downside, potential loss of 1.6620 platform, also 38.2% Fibonacci retracement of 1.6434/1.6745 ascend, would open 1.6600/1.6550.
Res: 1.6703, 1.6737, 1.6745, 1.6800
Sup: 1.6642, 1.6622, 1.6600, 1.6585
USD/JPY
Extended weakness after breaking below 81.26, previous low, to briefly test 81.00 level, ahead of bounce. Gains have so far been limited at 81.68, 20 day MA, along with 4-hour 55 day MA, currently at 81.95, maintaining short-term bears. Near-term focus is turned towards 81.00, loss of which will open 80.69 and psychological 80.00 supports for test.
On the upside, clearance of 82.80/83.09 barriers is needed to signal recovery under way.
Res: 81.68, 81.85, 82.26, 82.80
Sup: 81.19, 81.00, 80.69, 80.24
USD/CHF
Short-term bears remain in play, extending to a fresh all-time low at 0.8623, posted today. Corrective attempts have been capped by 0.690 zone, with 20 day MA, currently at 0.8705, maintaining negative tone, with loss of 0.8623 to focus 0.8600/0.8500 next. On the upside, regain of 0.8760/70, previous high / 38.2% Fibonacci retracement of 0.9007/0.8623, is needed to signal stronger recovery, and open 0.8830/60 for retest.
Res: 0.8694, 0.8710, 0.8758, 0.8772
Sup : 0.8650, 0.8642, 0.8623, 0.8600