Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 8
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Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)
EUR/USD
Corrective attempt off 1.2233, fresh multi-year low, has so far been capped by 1.2420/40, and only break above here would allow stronger recovery towards 1.2514/35. Downside loss of 1.2233, however, will resume the downtrend and expose 1.2134, 50% retracement of 0.8225/1.6040 ascend.
Res: 1.2441, 1.2514, 1.2533, 1.2574
Sup: 1.2310, 1.2280, 1.2233, 1.2208
GBP/USD
Short-term structure continues to be negative, with fresh weakness expected, as 1.4512/09 capped the upside attempts for now. Coupled with yesterday's break under 1.4475, risk is seen for further losses towards the 2009 low at 1.3500. Regain of 1.4547 delays immediate bears.
Res: 1.4512, 1.4547, 1.4605, 1.4638
Sup: 1.4363, 1.4301, 1.4285, 1.4245
USD/JPY
Remains weak from the 93.50/64 double top area that ended the recovery leg off 87.96, yearly low, posted on 06 May. Loss of 91.50 will open way towards 90.83 first, possibly 90.00 on a break. Upside clearance of 93.14 would shift focus higher.
Res: 93.14, 93.64, 93.98, 94.50
Sup: 91.75, 91.64, 91.50, 90.83
USD/CHF
Breach of 1.1245 pivot extended gains to reach 1.1444 yesterday. Consolidation/correction is now underway, with 1.1244 expected to hold, ahead of fresh push higher, and above 1.1444 to target 1.1484, 76.4% retracement of 1.1966/0.9916 decline.
Res: 1.1377, 1.1401, 1.1444, 1.1484
Sup: 1.1295, 1.1258, 1.1244, 1.1150
Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)
EUR/USD
Upside rejection of the corrective attempt off 1.2233 multi-year low has stalled at 1.2443 yesterday, ahead of fresh weakness. Bears broke through 1.2233 to attempt at 1.2134, 50% retracement of 0.8225/1.6040 upleg, with 1.2142 being reached so far. Below here to focus 1.2076/65, Apr 2006 lows, with 1.2280/1.2314 expected to cap corrective attempts.
Res: 1.2233, 1.2280, 1.2314, 1.2336
Sup: 1.2142, 1.2134, 1.2076, 1.2065
GBP/USD
Hourly structure present since 1.5052, 10 May high, continues to suggest scope for further weakness, potentially towards 1.3700, 12 Mar 2009 low. Upside, regain of 1.4517, 18 May high, is required to neutralize immediate bears.
Res: 1.4407, 1.4457, 1.4517, 1.4547
Sup: 1.4235, 1.4220, 1.4200, 1.4155
USD/JPY
Remains weak from the 93.50/64 double top area that ended the recovery leg off 87.96, yearly low, posted on 06 May. Dips under 91.75 so far tested 91.50, and opening way towards 90.83, possibly 90.00 on a break. Regain of a near-term pivot at 92.95 is now required to shift the focus higher.
Res: 92.42, 92.95, 93.14, 93.64
Sup: 91.50, 90.83, 90.57, 90.00
USD/CHF
Correction off 1.1444, 17 May high, reversed to 1.1266 before breaking the corrective channel. Upswing has breached 1.1444/84 resistances to focus 1.1605 next. Short-term, key 1.1780 trendline resistance is focused. 1.1444 now offers initial support.
Res: 1.1533, 1.1605, 1.1675, 1.1700
Sup: 1.1444, 1.1402, 1.1377, 1.1266
Windsor Brokers - Short Term Technical Analysis for Majors (14:30 GMT)
EUR/USD
Hourly bullish divergence has produced a rebound off a fresh multi-year low at 1.2142, posted overnight. Gains broke through several resistance levels, currently attempting through 1.2327, 61.8% retracement of the latest 1.2443/1.2142 downleg. Sustained break here would trigger further recovery and expose 1.2443 next.
Res: 1.2443, 1.2465, 1.2507, 1.2576
Sup: 1.2142, 1.2134, 1.2076, 1.2065
GBP/USD
Hourly structure present since 1.5052, 10 May high, continues to suggest scope for further weakness, potentially towards 1.3700, 12 Mar 2009 low. Upside, regain of 1.4517, 18 May high, is required to neutralize immediate bears.
Res: 1.4407, 1.4457, 1.4517, 1.4547
Sup: 1.4235, 1.4220, 1.4200, 1.4155
USD/JPY
Remains weak from the 93.50/64 double top area that ended the recovery leg off 87.96, yearly low, posted on 06 May. Dips under 91.75 now focusing 90.83, possibly 90.00 on a break. Regain of a near-term pivot at 92.95 is now required to shift the focus higher.
Res: 92.42, 92.95, 93.14, 93.64
Sup: 91.05, 90.83, 90.57, 90.00
USD/CHF
Correction off 1.1444, 17 May high, reversed to 1.1266 before breaking the corrective channel. Upswing has breached 1.1444/84 resistances to focus 1.1605 next. Short-term, key 1.1780 trendline resistance is focused. 1.1266 now stands as a key support.
Res: 1.1533, 1.1605, 1.1675, 1.1700
Sup: 1.1417, 1.1402, 1.1377, 1.1266
Windsor Brokers - Short Term Technical Analysis for Majors (08:30 GMT)
EUR/USD
Extended decline to reach fresh multi-year low of 1.2142 yesterday, just ahead of key 1.2134 level, 50% retracement of 0.8225/1.6039 ascend. A correction has followed and 1.2443 possibly caps this phase for a fresh weakness towards 1.2134, where an eventual break is favored. Clearance of 1.2443 opens 1.2514/34 instead.
Res: 1.2443, 1.2465, 1.2514, 1.2534
Sup: 1.2319, 1.2256, 1.2228, 1.2142
GBP/USD
Undergoes short-term consolidation just above 1.4235, yearly low. While 1.4273 holds, return towards 1.4517/47 area is not ruled out, however, medium-term bias remains firmly to the downside following a push through key 1.4475 support on 17 May.
Res: 1.4465, 1.4497, 1.4517, 1.4547
Sup: 1.4304, 1.4274, 1.4235, 1.4200
USD/JPY
Continues to trend lower off 93.50/64 double top area that ended the recovery leg off 87.96, yearly low, posted on 06 May. Market touched 90.83 support today, with break here to expose 90.00 next. Upside, 91.86/92.24 zone offers initial resistance, and break here is required to improve.
Res: 91.86, 92.25, 92.43, 92.95
Sup: 90.83, 90.57, 90.00, 89.70
USD/CHF
Maintains positive tone as the market climbs toward a long-term falling trendline at 1.1785. Lower spike rejection yesterday at 1.1417 confirms trend. Initial target now stands at 1.1675, while 1.1449 provides immediate support.
Res: 1.1584, 1.1605, 1.1675, 1.1700
Sup: 1.1449, 1.1417, 1.1402, 1.1377