Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 63
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
The risk appetite is back after Greek election’s results provided relief and the Euro extended its past four days gains against the dollar. Last Friday’s break above descending trendline off 1.2823 and close just under week’s high at 1.2667, overnight’s gap higher opening that regained levels above 1.2700 handle, keeps the near-term outlook positive. Immediate focus lies at 1.2800/23 zone, however, corrective easing on extended hourly conditions, is not ruled out. Initial support at 1.2667 has been briefly touched, with possible extension towards 1.2630, 55 day EMA / Fib 38.2% of 1.2441/1.2745 and 1.2600, where dips should be contained, to keep short-term bulls intact.
Res: 1.2700, 1.2714, 1.2745, 1.2800
Sup: 1.2667, 1.2645, 1.2630, 1.2600
GBP/USD
Strong rally, seen last Friday, after the pair broke above strong barrier and near-term range top at 1.5600, extended gains through 1.5715, our next target, to hit 1.5740 so far, just ahead of 200 day MA at 1.5750. Corrective action on overbought near-term conditions is expected to precede fresh strength, with strong support at 1.5640, mid-February range floor, offering good support. Break above 1.5750 to expose 1.5800 and 1.5847, 22 May high, while only loss of 1.5600 handle would weaken short-term structure.
Res: 1.5700, 1.5718, 1.5740, 1.5750
Sup: 1.5650, 1.5640, 1.5600, 1.5581
USD/JPY
The pair bounced of dangerous zone, as 200 day MA at 78.50 keeps the downside protected for now. Regain of 79.00 handle, previous support, sees potential for further gains, as hourly studies turned positive, however, still weak tone on 4H chart studies, sees risk of fresh weakness unless strong barrier at 79.80 is regained. Break here to open way for further gains towards 80.00/13 and 80.60. On the downside, 78.50, offers strong support, ahead of 77.65, broken bear – trendline / 01 June low.
Res: 79.29, 79.50, 79.80, 80.00
Sup: 79.10, 78.80, 78.60, 78.50
USD/CHF
Extends the short-term weakness off 0.9769, 01 June high, after today’s gap-lower opening, broke below last week’s low at 0.9477, with dip seen to 0.9425 so far. As negative near-term tone keeps the downside in focus, the pair approaches 0.9400, our initial target, also 50% retracement of 0.9041/0.9769 ascend, ahead of very strong support at 0.9366, 21 May low. Corrective bounce on oversold hourly conditions, stays capped by previous support at 0.9477, for now, however further rally is not ruled out, with 0.9500 zone, also 55 day EMA, seen capping. Only lift above 0.9540/50 zone would provide near-term relief.
Res: 0.9477, 0.9494, 0.9405, 0.9540
Sup: 0.9439, 0.9420, 0.9400, 0.9366
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
Yesterday’s reversal from fresh high at 1.2745, hit day’s low at 1.2557, also Fib 61.8% of 1.2441/1.2745 upleg, where temporary support was found. Brief recovery hasn’t shown much, despite regain of 1.2600 handle, as near-term structure remains negative, following yesterday’s losses. Bounce from 1.2557 was capped by 55 day EMA at 1.2613, with fresh slide under 1.2600, keeping the downside in focus. Loss of strong supports at 1.2557, yesterday’s low and 1.2543, bull trendline connecting 1.2287 and 1.2441 lows, to trigger further weakness and open 1.2500 and 1.2440 higher platform. On the upside, only regain of strong barrier at 1.2665 would turn focus higher.
Res: 1.2600, 1.2613, 1.2645, 1.2665
Sup: 1.2557, 1.2541, 1.2534, 1.2500
GBP/USD
Bounce from 1.5629, yesterday’s low, where a corrective pullback off 1.5740 high, found support, remains under initial barrier at 1.5700, with more sideways movement seen in late Asia / early Europe trading. Near-term focus remains at the upside, as studies keep positive tone, however, break above 1.5700 is required for fresh attempt towards strong resistance zone at 1.5740/50, yesterday’s high / 200 day MA. Fibonacci level at 1.5660 offers initial support, ahead of yesterday’s low at 1.5629, while break below 1.5600 would weaken the near-term structure.
Res: 1.5700, 1.5718, 1.5740, 1.5750
Sup: 1.5660, 1.5630, 1.5600, 1.5576
USD/JPY
Narrows the near-term range, following yesterday’s upside rejection at 79.40, with 78.80 zone still holding the downside protected from retest of key near-term support at 78.60. As hourly indicators are entering negative territory and price action unable to break above 79.00, more weakness is seen likely. Loss of 78.60 would confirm bears are back in play, while bounce above 79.40 would provide near-term relief. Key upside barriers lie at 79.80 and 80.00.
Res: 79.13, 79.40, 79.50, 79.80
Sup: 78.92, 78.80, 78.60, 78.50
USD/CHF
Maintains near-term positive tone, after strong rally from yesterday’s low at 0.9420 broke above 0.9500/36 barriers, to peak at 0.9562, Fib 61.8% of 0.9649/0.9420 downleg. Brief easing on overbought near-term conditions, found support at 55 day EMA at 0.9517. As hourly studies started to point higher, potential is seen for test of 0.9562/72 barriers, break of which to open way for further retracement and expose figure resistance at 0.9600, ahead of very significant barriers at 0.9656/75. On the downside, loss of 0.9500 would turn near-term focus lower.
Res: 0.9562, 0.9572, 0.9600, 0.9626
Sup: 0.9517, 0.9500, 0.9481, 0.9439
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
The Euro remains well supported, as strong rally from yesterday approaches initial barrier and 18 Jun high at 1.2745, with 1.2729 seen so far. Dominating positive tone on near-term studies, keeps bulls in play, with 1.2745 and 1.2800 levels in focus. Overnights correction low at 1.2661, offer initial support, along with 20 day EMA, while key near-term support, reinforced by bull trendline off 1.2287, lies at 1.2557 and break here to signal a double-top formation.
Res: 1.2700, 1.2729, 1.2745, 1.2800
Sup: 1.2661, 1.2643, 1.2623, 1.2600
GBP/USD
Continues to trend higher, with break above previous high at 1.5740, cracking 200 day MA at 1.5750 and signaling further recovery. As larger timeframes studies show strong momentum building up and hourlies maintaining positive tone, break above 1.5750 is expected to look for test of next barriers at 1.5800 and 1.5850, 22 May high. Figure support at 1.5700 with 20 day EMA, offers initial support, while only loss of 1.5600, previous resistance and trendline support, will be bearish.
Res: 1.5756, 1.5800, 1.5820, 1.5847
Sup: 1.5700, 1.5630, 1.5614, 1.5600
USD/JPY
The pair remains under pressure, as bear-trendline off 79.73 continues to limit the upside, with overnight’s dip below 79.00 and 78.85, near-term range floor, increasing risk of retesting key near-term support and 200 day MA at 78.60. Break here would be a signal of further weakness, with 77.65, previous low and broken bear-trendline off 84.08, to come in focus. On the upside, minor barriers lie at 79.00/13, while only regain of 79.40 would improve the near-term tone.
Res: 79.00, 79.13, 79.40, 79.50
Sup: 78.85, 78.85, 78.60, 78.50
USD/CHF
Came under pressure again, as near-term recovery attempt off 0.9420, failed at Fib 61.8% of 0.9649/0.9420 downleg at 0.9562, with fresh weakness nearly fully retracing the 0.9420 to 0.9562 rally. Losses reached 0.9431 low so far. Corrective action on oversold hourly studies turn remains limited under 0.9500, keeping the downside in focus. Break below 0.9420 to open 0.9400 and 0.9366.
Res: 0.9483, 0.9500, 0.9521, 0.9553
Sup: 0.9459, 0.9431, 0.9420, 0.9400
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
No significant action seen post FOMC, as the price remains capped under key near-term barrier at 1.2745, but downside seen more vulnerable. Loss of bullish momentum that cracked initial support at 1.2665 sees risk of break below near-term range and fresh weakness ahead, with important supports at 1.2600, where 55 day EMA lies and more significant, 1.2557, 18 June low, also near 38.2% of 1.2287/1.2745, to come in focus. Lift above 1.2745, however, will avert downside risk and open 1.2800/50 instead.
Res: 1.2686, 1.2700, 1.2720, 1.2729
Sup: 1.2655, 1.2636, 1.2627, 1.2600
GBP/USD
Easing from yesterday’s fresh high at 1.5776, after failure to clear 200 day MA, is so far seen as corrective, as long as trendline support at 1.5630 and near-term floor at 1.5615 stay intact. However, weakening hourly studies may be a signal that the pair is running out of steam. Break below 1.5615/00 to confirm and end of near-term 1.5600/1.5774 cycle and allow for stronger retracement of broader 1.5267/1.5771 rally. On the upside, 1.5720/40 zone now offers good resistance and break here would turn near-term focus higher.
Res: 1.5700, 1.5720, 1.5740, 1.5756
Sup: 1.5650, 1.5630, 1.5615, 1.5600
USD/JPY
Yesterday’s bounce off 78.80 lows, where 200 day MA again kept the downside protected, moved the near-term price action off dangerous zone and turned focus higher again. Strong rally that approached key barriers at 79.80 and 80.00 that kept the upside limited for a past couple of weeks sees risk of repeated failure. Clear break here to signal fresh recovery and confirm base at 77.65. Immediate supports at 79.40/20 zone, are expected to contain any pullback and keep immediate bulls in play.
Res: 79.80, 80.00, 80.13, 80.60
Sup: 79.56, 79.40, 79.20, 79.11
USD/CHF
The near-term focus remains skewed lower, despite slight recovery seen on a bounce from yesterday’s spike to 0.9423. However, some improvement, seen on hourly chart studies, keeps hopes of possible stronger recovery alive, with clear break above 0.9500 zone, also 61.8% of 0.9562/0.9423 descend, required to ease immediate downside risk. Regain of key near-term barrier at 0.9562, would provide relief and signal double bottom formation. On the downside, key supports lie at 0.9420 and 0.9400, loss of which will open way for fresh extension of broader downtrend from 0.9769, 01 June peak.
Res: 0.9486, 0.9500, 0.9521, 0.9553
Sup: 0.9465, 0.9440, 0.9420, 0.9400
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
The negative sentiment continues to drive euro lower at the beginning of the week, as continuation of the strongest sell-off in past six months. After rather quiet movements overnight, the pair accelerates losses at the beginning of European session. Break below last week’s low at 1.2518, also 50% of 1.2287/1.2745 ascend and slide under 1.2500 handle, opens way towards Fib 61.8% support at 1.2462 and higher platform at 1.2440 zone. Strong barriers at 1.2580/1.2600 zone are expected to cap any corrective movements, while only firm break above 1.2600 would ease bear pressure.
Res: 1.2547, 1.2543, 1.2580, 1.2600
Sup: 1.2462, 1.2440, 1.2409, 1.2400
GBP/USD
Extends short-term weakness off 1.5776, 20 June high, as price broke below Fib 38.2% of 1.5267/1.5776 rally at 1.5581, last Friday. Brief consolidation above 1.5600 was limited by descending hourly 20 day EMA, with today’s fresh weakness threatening Friday’s low at 1.5555, loss of which to focus 1.5521, 50% retracement and figure support at 1.5500. As near-term conditions remain negative, further weakness would be expected. At the upside, last Friday’s peak at 1.5633, along with 55 day EMA, offers solid resistance and only lift above here to provide relief.
Res: 1.5600, 1.5615, 1.5633, 1.5650
Sup: 1.5555, 1.5521, 1.5500, 1.5461
USD/JPY
Undergoes corrective pullback after strong rally through 79.80/80.00 barriers, tested our next target at 80.60. As hourly studies are running out of steam, with loss of bullish momentum and formation of MACD bearish divergence, the threat of further retracement of the latest rally increases. Price action approaches 80.00 support, with break through 80.00/79.80, also 38.2% of 78.80/80.60 ascend, risks sidelining near-term bulls.
Res: 80.21, 80.50, 80.60, 80.71
Sup: 80.00, 79.90, 79.80, 79.50
USD/CHF
Attempts through 0.9590/0.9600 barriers, to mark the third leg of recovery rally from 0.9420, last week’s base and confirms near-term double-bottom formation. Positive near-term studies are supportive for further gains, with clear break above 0.9600 to expose 0.9636, Fib 61.8 and another strong barrier at 0.9660 zone, 08/12 June peaks. Ascending 20 day EMA underpins the advance at 0.9576, while only break below 0.9541, last Friday’s consolidation range floor, would delay bulls.
Res: 0.9609, 0.9626, 0.9650, 0.9675
Sup: 0.9590, 0.9576, 0.9541, 0.9500
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
The Euro continues to trend lower, ahead of EU summit, as negative sentiment, fuelled by comments of German Chancellor Merkel, Spanish auctions and Germany’s credit rating cut keep the price under pressure. As the pair touched strong support at 1.2440 yesterday, immediate focus turns towards 1.2400 and possible extension to annual low at 1.2287 in a short-term. Overnight’s brief consolidation was limited at 1.2500, by 55 day EMA, with negative near-term studies seeing not much prospect for further corrective action for now, with significant barriers above 1.2500, standing at 1.2530 and 1.2580.
Res: 1.2507, 1.2529, 1.2550, 1.2580
Sup: 1.2479, 1.2440, 1.2409, 1.2400
GBP/USD
The near-term outlook still sees the downside risk, as bounce off 1.5538, 25 June low, struggles at 1.5650 zone, with near-term price action in sideways mode. However, the near-term rally remains protected by rising trendline off 1.5538 at 1.5600 zone, where also 55 day EMA lies. Loss of this level would weaken the structure and re-focus the downside. Clearance of 1.5650 to open 1.5685/1.5700 next.
Larger picture’s upside rejection at 1.5776, where 200 day MA capped the rally, however, will keep the short-term structure under pressure, as long as the latter caps the upside.
Res: 1.5650, 1.5660, 1.5685, 1.5700
Sup: 1.5620, 1.5600, 1.5575, 1.5562
USD/JPY
Reversal off 80.60 barrier that so far fell to 79.22, keeps the near-term price action under pressure, after loss of very strong supports at 80.00 and 79.80. Corrective/consolidative move off 79.36, remains limited under initial resistance at 79.80, with bearish short-term technicals, seeing risk of further decline and test of 79.00, figure support and 78.83, 200 day MA. Any stronger corrective action needs to clear minimum 80.00, to provide relief.
Res: 79.60, 79.80, 80.00, 80.60
Sup: 79.34, 79.22, 79.00, 78.83
USD/CHF
Moves sideways around 0.9600 handle, after rally from 0.9420 base briefly tested 0.9650 barrier yesterday. Near-term picture keeps positive tone and sees potential for further retracement of 0.9769/0.9420 descend, however, hourly MACD bearish divergence, increases risk of fresh weakness. Consolidation range floor at 0.9580, holds the downside for now, with break lower to expose strong support at 0.9540 zone, loss of which will be bearish. At the upside, lift above 0.9650 opens 0.9675 and 0.9700.
Res: 0.9622, 0.9650, 0.9675, 0.9700
Sup: 0.9600, 0.9580, 0.9550, 0.9541
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
The pair moves in a directionless mode, entrenched within 1.2440/1.2530 range, awaiting the EU summit. Hourly studies are neutral in past two days, while larger picture maintains negative tone, with immediate barrier at 1.2530, range top / daily 20 day MA. Break here to trigger recovery towards key near-term resistance zone at 1.2580/1.2600 and signal basing attempt at strong 1.2460/40 zone, Fib 61.8% of 1.2287/1.2745 / 26/27 / mid June rage lows. Loss of the latter, however, will open a fresh leg of short-term downtrend from 1.2745 and focus 1.2400, initially.
Res: 1.2529, 1.2550, 1.2580, 1.2600
Sup: 1.2500, 1.2470, 1.2440, 1.2409
GBP/USD
Continues to move within 1.5538/1.5650 range, as the near-term price action remains capped by bear-trendline off 1.6300. Negative near-term studies keep the downside favored, as long as 1.5650 stays intact, while break here would signal near-term double bottom and re-focus 1.5700/45 zone. On the downside, 1.5538/44 lows are reinforced by daily 20 day MA and slide below to expose 50% retracement at 1.5521 and 1.5500, round figure support, ahead of strong support at 1.5460, mid-June lows / Fib 61.8% of 1.5267/1.5776 upleg.
Res: 1.5622, 1.5650, 1.5700, 1.5732
Sup: 1.5575, 1.5545, 1.5538, 1.5521
USD/JPY
Reversal off 80.60 barrier that so far fell to 79.22, keeps the near-term price action under pressure, after loss of very strong supports at 80.00 and 79.80. Corrective/consolidative move off 79.22, remains limited under initial resistance at 79.80, also descending 55 day MA. Negative short-term outlook sees risk of further decline and test of 79.00, figure support and 78.83, 200 day MA, as the price cracked bull-trendline connecting 77.65 and 78.60 lows. Any bounce higher requires break above 80.00 to ease near-term bear-pressure.
Res: 79.60, 79.86, 80.00, 80.60
Sup: 79.32, 79.22, 79.00, 78.83
USD/CHF
Continues to consolidate the latest 0.9420 base that were so far capped at 0.9650, with near-term price action bouncing of the range floor and surging through 0.9600 barrier. Clearance of range top at 0.9650 and the next barrier at 0.9675 is required to turn near-term focus towards 0.9700 and 0.9769.
Res: 0.9675, 0.9700, 0.9750, 0.9769
Sup: 0.9600, 0.9580, 0.9550, 0.9541
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
The Euro corrects past two trading days strong rally, sparked by positive news from EU summit. The single currency has registered the strongest daily gains in a past eight months, as rally from last Thursday’s base at 1.2406, extended close to 1.2700, psychological barrier, after clearing main bear trendline off 1.3282 peak at 1.2600. Short-term outlook maintains positive sentiment, as risk appetite comes back in play. Corrective pullback after slight gap higher opening, is testing broken bear-trendline, with further easing not ruled out and ideal reversal above 1.2550, to maintain short-term bulls. Clearance of key short-term barrier at 1.2745, 18/20 June double top, is required to open way for stronger recovery and expose 1.2800/25, next.
Res: 1.2642, 1.2679, 1.2691, 1.2700
Sup: 1.2610, 1.2600, 1.2582, 1.2552
GBP/USD
The pair consolidates recent strong rally from 1.5484, 28 June low, that briefly tested psychological 1.5700 barrier so far. Corrective/consolidative action off last Friday’s 1.5805 high has been contained at 20 day EMA and Fib 23.6% of 1.5484/1.5705, for now, keeping the upside in focus. However, clear break above 1.5700 barrier and clearance of more significant 1.5750, 200 day MA and 1.5776, 20 June peak, is required to confirm higher low at 1.5484 and resume short-term recovery off 1.5267, 01 June low. Short-term studies maintain positive structure for now, while only break below 1.5600 handle would weaken the tone.
Res: 1.5678, 1.5705, 1.5732, 1.5745
Sup: 1.5650, 1.5622, 1.5600, 1.5570
USD/JPY
Short-term outlook remains positive, as the pair’s latest rally from 79.12, 50% of 77.65/80.60 ascend, where the footstep was found, approached our key barrier at 80.00 last Friday, ahead of current corrective easing. The near-term price action is hovering around broken bull trendline in attempt to find ground, however, rather weak near-term studies keep the downside still vulnerable. Risk is seen on extension towards key near-term supports at 79.00 zone, previous lows / 200 day MA, loss of which to soften short-term structure.
Res: 79.72, 79.98, 80.00, 80.60
Sup: 79.50, 79.35, 79.12, 79.00
USD/CHF
The pair losses ground after reversal off 0.677, 28 June high, erased a good part of 0.9420/0.9677 rally. Bounce from last Friday’s low at 0.9461, is seen corrective, as near-term studies remain negative and descending 20 day EMA keeps the upside limited at 0.9520 zone for now. Possible further extension higher needs to clear another strong barriers at 0.9570/0.9600 to improve the near-term structure, otherwise, revisit of short-term base at 0.9420 and possible break lower, would be the likely scenario.
Res: 0.9523, 0.9544, 0.9570, 0.9594
Sup: 0.9500, 0.9471, 0.9461, 0.9420
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
The latest action of the ECB and growing uncertainty over Eurozone’s debt crisis, keeps the bloc currency under increased pressure. The recent weakness through important supports at 1.2500 and 1.2400, has cracked the two year low at 1.2287, posted on 27 May, opening way for further decline. Overnight’s gap lower opening and price action being capped by 1.2300 barrier and 20 day EMA, keeps the downside in focus, with 1.2200/1.2150 seen next. Any corrective action should regain minimum 1.2360/1.2400, to ease current bear pressure.
Res: 1.2300, 1.2363, 1.2400, 1.2440
Sup: 1.2255, 1.2200, 1.2151, 1.2142
GBP/USD
The pair remains in a downtrend after upside rejection at 1.5700 zone, with break below bull trendline connecting 1.5267 and 1.5484 at 1.5535, extending losses through psychological 1.5500 level, to test Fib 61.8% of 1.5267/1.5776 ascend at 1.5460 so far. Negative short-term technicals keep the downside fully in focus, however, overextended conditions on 4H chart and formation of MACD bearish divergence on the hourly one may be a trigger for corrective bounce. Clearance of initial barrier at 1.5500 is required to open way towards more significant 1.5550/60, violation of which to allow for stronger recovery. Otherwise, upside rejection under here would risk lower top and fresh extension lower, as larger timeframe’s studies maintain firm bearish tone. Break below 1.5460 to open 1.5400.
Res: 1.5500, 1.5550, 1.5560, 1.5600
Sup: 1.5460, 1.5400, 1.5371, 1.5326
USD/JPY
Near-term structure weakened as repeated failure to clear pivotal 80.00 barrier, triggered fresh weakness and moved the price to mid 79.00/80.00 range levels. Negative hourly studies see the downside more vulnerable and risk test of the range floor and 200 day MA at 79.00 zone, as price slide below bull trendline off 78.60. Short-term range trading that lasts for past three-weeks, requires break of either side, to establish fresh direction.
Res: 79.76, 80.00, 80.09, 80.21
Sup: 79.55, 79.40, 79.30, 79.12
USD/CHF
Strong rally off 0.9461, 29 June higher low, continues to post fresh highs, as clearance of the previous peak at 0.9769, 01 June high, extended gains to test our next target at 0.9800 so far, also new yearly high. Bullish short-term studies keep the upside favored, with break above 0.9800 to focus 0.9900, figure resistance and 0.9949, Fib 61.8% of larger 1.1730/0.7067 descend. Overbought conditions on 1 and 4 hour studies, suggest corrective pullback, ahead of fresh push higher, with initial supports at 0.9720/00, while only break below 0.9680/60, would delay bulls.
Res: 0.9800, 0.9850, 0.9900, 0.9949
Sup: 0.9713, 0.9700, 0.9685, 0.9677
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
The pair slides to a fresh 2-year low at 1.2235 after corrective move off 1.2255, previous low, stalled on approach to 1.2260 barrier, as 55 day EMA limited gains. Overall picture keeps negative tone, as the pair broke below daily triangle support at 1.2430 and sees test of 1.2200 and 1.2150 downside targets as likely short-term scenario. However, daily MACD bullish divergence, does not rule out stronger corrective action. Key barrier lies at 1.2400 zone and break here is required to improve short-term structure.
Res: 1.2300, 1.2320, 1.2333, 1.2363
Sup: 1.2251, 1.2235, 1.2200, 1.2150
GBP/USD
Maintains near-term positive tone off 1.5460, last Friday’s low, as gains tested initial barrier at 1.5450 so far. Yesterday’s dip to 1.5477, where bull trendline off 1.5460 contained, was followed by quick recovery above 1.5500 mark, keeping the upside in focus for now. However, failure to clear strong 1.5550/60 barrier, would risk further sideways movements. Hourly indicators are in neutral mode, while 4H ones are gaining momentum. Still negative situation on the daily chart requires regain of 20 day MA at 1.5600 to confirm base at 1.5460 zone, otherwise, loss of the latter to risk extension to 1.5400 initially.
Res: 1.5550, 1.5560, 1.5600, 1.5621
Sup: 1.5500, 1.5488, 1.5477, 1.5460
USD/JPY
The pair maintains near-term negative structure after upside rejection at 80.00 and slide through 79.60/40 support, testing levels close to range bottom. Near-term support was found at 79.20, but upside remains protected at 79.50, reinforced by descending 20 day EMA that keeps strong support zone and range floor at 79.00 zone in near-term focus.
Res: 79.50, 79.76, 80.00, 80.21
Sup: 79.20, 79.12, 79.00, 78.94
USD/CHF
Resumes short-term bulls to post marginally fresh high above 0.9800, as two-day corrective/consolidative phase found ground at 0.9740 zone. Toppish 4-hour outlook, however, makes the price struggling to clearly break 0.9800 handle, with hourly indicators started to point lower, as the price slides under 20 day EMA, below 0.9800. Risk would be seen on loss of 0.9740 support that would trigger fresh weakness towards 0.9720/00 and more significant 0.9670 breakpoint. On the upside, sustained break above 0.9800, will signal fresh bulls and expose 0.9900 next.
Res: 0.9800, 0.9813, 0.9850, 0.9900
Sup: 0.9736, 0.9713, 0.9700, 0.9683