Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 80
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
EURUSD
The Euro’s near-term tone turned positive, as extended consolidation broke above triangle resistance and tested the upper border of consolidative range. Hourly indicators moved above their midlines, with bullish momentum being built on 4-hour chart, supporting final attempt through strong resistance at 1.3460/70 zone, previous consolidation floor / daily Ichimoku cloud base / 4-hour 55DMA, to confirm basing attempt and shift near-term focus higher. Extension above key barriers at 1.3546/63, 06/11 lower top / 50% retracement of 1.3831/1.3294, is required to confirm recovery. Otherwise, risk of lower top formation will remain in play, as rejection at 1.3460/70 barrier, would signal prolonged consolidative phase. Initial supports lay at 1.3415/00, while violation of 1.3358, 12/11 low, would weaken the structure.
Res: 1.3455; 1.3472; 1.3500; 1.3546
Sup: 1.3415; 1.3400; 1.3358; 1.3316
GBPUSD
Cable eventually broke below strong support and short-term range floor at 1.59 zone, leaving lower top at 1.6116 and extending losses to initial support 1.5850 zone so far. Further weakness is expected to focus psychological 1.5800 support, as the third wave that commenced from 1.6116, could travel to 1.5763, it’s 100% expansion and 1.5751, 17/06 previous peak, to validate wave principles. Confirmation of daily double-top formation supports the notion, as near-term indicators hold in the negative territory. However, consolidative phase may be seen ahead of fresh weakness, as 4-hour studies approach oversold territory. Yesterday’s corrective rally high 1.5944, now offers initial resistance, reinforced by falling 55DMA and former consolidation floor and should ideally cap fresh upside attempts.
Res: 1.5900; 1.5944; 1.5955; 1.6000
Sup: 1.5884; 1.5853; 1.5800; 1.5763
USDJPY
The pair maintains positive sentiment and continues to trend higher, approaching psychological 100 barrier, with bear-trendline, connecting 101.52/100.60 peak, being cracked. Near-term technicals are positive and support the final push towards 100 barrier, above which the next significant resistance at 100.60, 11/09 peak, would come in focus. Consolidative action may delay bulls, as 4-hour indicators approach overbought territory, with 55DMA at 99.35, expected to keep the downside protected.
Res: 100.00; 100.21; 100.45; 100.60
Sup: 99.41; 99.35; 99.09; 98.90
AUDUSD
The pair remains under pressure, as fresh extension of near-term downmove from 0.9541, 06/11 high, eventually broke below key short-term support at 0.9280, 30/09 higher low. Full retracement of 0.9280/0.9755 upleg and reversal of over 50% of entire 0.8891/0.9755 recovery rally, keeps bears firmly in play. The notion is supported bearish daily studies. However, overextended technicals of lower timeframes, see consolidative action ahead of fresh push lower. The upside should stay capped by 0.9400 barrier, previous support and 50% retracement of 0.9541/0.9269 descend.
Res: 0.9310; 0.9350; 0.9373; 0.9400
Sup: 0.9269; 0.9250; 0.9221; 0.9200
EURUSD
The Euro remains steady and extends rebound from last week’s fresh low at 1.3294, with strong barrier at 1.3460/70 zone being cleared. The price tested psychological / Fibonacci 38.2% of 1.3831/1.3294 resistance at 1.3500 so far, where gains were limited by broken bull trendline off 1.2754 and daily 55DMA. Further bulls are signaled by 4-hour indicators that moved into positive territory, however, hesitation ahead of 1.35 barrier and possible stronger correction is likely, as hourly indicators are turning down. Daily studies on the other side, maintain negative tone, with current rally seen as corrective and downside risk expected to remain in play as long as another strong barriers at 1.3546/63, 06/11 lower top / 50% retracement of 1.3831/1.3294 stay intact. Break here to confirm higher low formation at 1.3294 and spark stronger recovery. Otherwise, risk of lower top and fresh weakness would remain in play. Dips off 1.35, face support at 1.3420, 38.2% of 1.3294/1.3496 and more significant 1.34 zone, round figure / 50% retracement, where pullback should be contained.
Res: 1.3500; 1.3527; 1.3546; 1.3563
Sup: 1.3420; 1.3400; 1.3389; 1.3358
GBPUSD
Cable bounced strongly and regained levels near 1.6100 barrier, after bears probed below very strong support and short-term base at 1.5900. Break lower proves to be false for now, as near-term technicals turned positive and avert immediate risk of stronger fall that was signaled by loss of 1.5900 support. However, overbought hurly conditions see scope for consolidative action ahead of important barriers at 1.6113/16, 07/06 / 11 peaks, regain of which and break higher is required to confirm bulls are fully in play and to shift near-term focus towards the upper range boundaries. Initial supports lay at 1.6015/00, ahead of 1.5984, 38.2% of 1.5853/1.6065, reinforced by 55DMA, where any stronger pullback should be ideally contained.
Res: 1.6065; 1.6100; 1.6116; 1.6148
Sup: 1.6015; 1.6000; 1.5984; 1.5960
USDJPY
The pair regained strength and retest previous highs at 99.80, after corrective pullback found footstep above psychological 99.00 support. Fresh bulls attempt again above bear-trendline connecting 101.52/100.60, at 99.66, with psychological 100 barrier coming in focus. Break higher to resume bulls off 96.93 and open next significant resistance at 100.60, 11/09 high. Positively aligned near-term studies support the notion. Only loss of 99.00 handle would sideline bulls.
Res: 100.00; 100.21; 100.45; 100.60
Sup: 99.55; 99.09; 98.70; 98.44
AUDUSD
The pair corrects recent losses that posted fresh low at 0.9269 so far, with bounce lacking strength for regain of significant barrier at 0.9400, psychological resistance / 50% retracement of 0.9541/0.9269 downleg and being reinforced by falling 55DMA. Subsequent pullback, increases downside risk, as 0.9300 support comes under pressure, with 4-hour indicators maintaining negative tone. Hourly indicators are turning lower that supports the scenario of re-visiting 0.9300 support, loss of which to risk return to 0.9269 and signal resumption of larger downtrend. Alternatively, holding above 0.9300, would signal prolonged consolidation, while only sustained break above 0.9400 hurdle would provide near-term relief and signals basing attempt for more significant corrective action
Res: 0.9385; 0.9400; 0.9437; 0.9480
Sup: 0.9320; 0.9300; 0.9269; 0.9221
EURUSD
The Euro remains steady and holds around 1.35 handle, where the pair ended last week’s trading, but so far unable to clearly break psychological barrier, reinforced by daily 55DMA. Technicals on the near-term are positive, with the price being establish in a bull-channel off 1.3294, 07/11 low. Sustained break above 1.35, to open next layers of resistance at 1.3546/63, 11 high / 50% retracement of 1.3831/1.3294 downleg. On the other side, daily studies remain bearish that keeps risk of lower top, in case of upside rejection under 1.3546 in play. Violation of 1.3420/00, trendline / round figure support and mid-point of entire rally from 1.3294 is required to confirm and bring bears in play.
Res: 1.3504; 1.3546; 1.3563; 1.3600
Sup: 1.3473; 1.3430; 1.3420; 1.3400
GBPUSD
Cable steadies above 1.6100 handle, above which, weekly close occurred. Clearance of previous highs at 1.6116/13, sees scope for further upside, with 1.6159, Fibonacci 76.4% of 1.6254/1.5853 descend, coming next, ahead of psychological 1.6200 barrier. With near-term focus being shifted towards the upper boundary of short-term range, break above 1.6200 is expected to open range tops at 1.6254/59. Positive near-term studies support the notion, as daily indicators broke above the midlines and underpin the action. Initial support lies at 1.6100, with higher platform at 1.6050, expected to keep the downside protected.
Res: 1.6141; 1.6159; 1.6200; 1.6245
Sup: 1.6100; 1.6050; 1.6030; 1.6000
USDJPY
The pair enters corrective phase, after posting fresh high at 100.42 and closed for the week above psychological 100 level. The latter comes under pressure, as pullback on overbought near-term studies looks for further easing. Broken bear-trendline at 99.75, offers next support, ahead of strong 99.00 zone, 13/11 higher low / 17/10 previous peak and 50% retracement of 97.61/100.42, where dips should be ideally contained. Overall picture remains bullish and favors further extension and full retracement of 100.60/96.55 descend in the near-term.
Res: 100.42; 100.60; 101.00; 101.37
Sup: 99.75; 99.35; 99.00; 98.80
AUDUSD
The pair returns to strength, as break above near-term congestion and clearance of psychological 0.9400, also 50% retracement of 0.9541/0.9269, signals basing attempt and stronger corrective action, as the 0.9269 base is reinforced by daily 90DMA. The price attempts at 0.9420, daily 55DMA / previous low of 01/11, above which, Fibonacci 61.8% and 76.4% at 0.9437/77, come next. However, larger downmove from 0.9755, 23/10 peak, remain intact and regain of 06/11 lower top at 0.9541, is required to neutralize bears and avert risk of lower top and fresh bearish extension.
Res: 0.9420; 0.9437; 0.9477; 0.9500
Sup: 0.9385; 0.9357; 0.9330; 0.9300
EURUSD
The Euro stabilizes above 1.35 handle that now acts as initial support and being reinforced by daily cloud top. Extension higher bring next resistances at 1.3546, 06/11 high and 1.3563, 50% retracement of 1.3831/1.3294 fall / daily 20DMA in focus, as break here is required to confirm near-term bottom at 1.3294 and trigger further retracement of 1.3831/1.3294 descend towards 1.3600, psychological barrier. Below 1.35, bullish 20/55DMA’s crossover at 1.3480, offers next support, with bull trendline off 1.3294, reinforcing higher platform support at 1.3430.
Res: 1.3546; 1.3563; 1.3600; 1.3626
Sup: 1.3500; 1.3480; 1.3430; 1.3400
GBPUSD
Cable steadies above 1.6100 handle, after hitting fresh high at 1.6147, with consolidative phase within 1.6100/30 range under way. Positive tone prevails on 4-hour hour chart and keeps further upside favored, however, neutral hourly conditions, see further consolidation as likely scenario. Below 1.6100, next supports lay at 1.6080, 20DMA; 1.6050 higher platform and psychological 1.6000 support / 50% retracement of 1.5853/1.6147 upleg / daily cloud base, seen as ideal reversal point in case of deeper pullback. Upside targets at 1.6200 and key 1.6254/59 hurdles remain in near-term focus.
Res: 1.6128; 1.6147; 1.6159; 1.6200
Sup: 1.6100; 1.6080; 1.6050; 1.6000
USDJPY
The trades in near-term corrective phase off fresh high at 100.42, with fresh extension below 100 support and 99.75, broken bear-trendline, testing levels below 61.8% retracement of 99.09/100.42 upleg at 99.60 zone. Hourly studies turned negative and favor further downside, while overall positive tone sees current pullback as corrective phase of larger uptrend, with higher low seen above strong 99.00 support, to precede fresh leg higher. Regain of 100.42 to open 100.60 and 101 in extension. Only loss of 99.00 handle, higher low of 13/11 and 50% retracement of 97.61/100.42 rally, would neutralize bulls and allow for stronger pullback.
Res: 99.91; 100.19; 100.42; 100.60
Sup: 99.56; 99.40; 99.00; 98.80
AUDUSD
The pair remains supported, as fresh strength emerged from 0.9351, session low and corrective phase bottom and broke above previous high at 0.9417. With 0.9437 barrier, Fibonacci 61.8% retracement of 0.9541/0.9269 descend being cracked, the way is open towards 0.9477, 76.4% retracement and psychological 0.9500 barrier, with key resistance and breakpoint at 0.9541, expected to come in focus, once the price regains 0.9500 handle. Positively aligned near-term studies support the notion, however, negative daily picture would keep the downside risk in play as long as 0.9541 barrier stays intact.
Res: 0.9477; 0.9500; 0.9541; 0.9571
Sup: 0.9417; 0.9385; 0.9351; 0.9330
EURUSD
The Euro extends recovery rally from 1.3294 low to eventually break above important 1.3546/63 barrier, 06/11 lower high / 50% retracement of 1.3831/1.3294 descend / daily Kijun-sen line, on extension to 1.3577 so far. Near-term bulls remain in play, with corrective pullbacks on oversold hourly conditions, expected to interrupt rally. Initial support lies at 1.3500, round figure / daily cloud top, ahead of lower top at 1.3486, also near 20/55DMA’s bullish crossover, where dips should be ideally contained. Otherwise bulls would be delayed in favor of stronger reversal towards higher platform at 1.3430. Resumption of the uptrend to eye psychological 1.3600 barrier and Fibonacci 61.8% retracement of 1.3831/1.3294 at 1.3626.
Res: 1.3562; 1.3577; 1.3600; 1.3626
Sup: 1.3500; 1.3486; 1.3430; 1.3400
GBPUSD
Cable steadies above 1.6100 handle, despite yesterday’s spike lower that was contained at 1.6058, with near-term price action being in directionless consolidative trading. Prevailing positive tone on near-term technicals keeps the upside focused, as break above current range top at 1.6159, is expected to open 1.6159, Fibonacci 76.4% of 1.6254/1.6853 first, ahead of psychological 1.6200 barrier, en-route towards key resistances at 1.6254/59. Positively aligned daily studies support bullish scenario. Initial support lies at 1.6100 and is reinforced by hourly 55DMA, ahead of 1.6058, also 4-hour 55DMA, loss of which would put immediate bulls on hold and open 1.6035/00, Fibonacci 38.2% / 50% retracement of 1.5853/1.5147 rally.
Res: 1.6147; 1.6159; 1.6200; 1.6245
Sup: 1.6100; 1.6058; 1.6035; 1.6000
USDJPY
The pair consolidates at 100 level, following bounce from yesterday’s correction low at 99.56. Rally above 100 barrier reached 100.24 high so far, with positive near-term structure keeping the upside attempts towards 100.42, 15/11 peak favored. Dips should be held at 99.70/56, broken bear-trendline off 101.52 / yesterday’s higher low, to keep bulls in play and avert risk of fresh weakness towards 99.00 zone, higher low of 13/11 and 50% retracement of 97.61/100.42 ascend.
Res: 100.24; 100.42; 100.60; 101.00
Sup: 99.70; 99.56; 99.35; 99.00
AUDUSD
The pair enters near-term corrective phase after failing to clear 0.9446 barrier on the second attempt. With 0.9400 handle being lost and hourly indicators sliding into negative territory, near-term downside risk increases, as the pullback retraced 38.2% of 0.9269/0.9446 upleg so far. Further easing and violation of 0.9350 zone, yesterday’s higher low and 50% retracement, would sideline near-term bulls off 0.9269 and signal double-top formation. Conversely, finding footstep above 0.9350, is seen as initial signal of higher low formation and renewed attempt at 0.9446, above which to resume near-term corrective rally from 0.9269, 12/11 low. Positive 4-hour studies support the notion, however, regain of key near-term barrier and breakpoint at 0.9541 is required to confirm recovery and base at 0.9270 zone.
Res: 0.9406; 0.9417; 0.7446; 0.9477
Sup: 0.9378; 0.9351; 0.9330; 0.9300
EURUSD
The Euro slumped close to 1.34 support, erasing a good part of last week’s gains and over 50% of entire rally from 1.3294 to 1.3577. Fresh pressure on the single currency, triggered by fundamentals, turned near-term technical outlook negative. Increased risk of lower top at 1.3577 is seen, as the price approached 1.3400, psychological support / 61.8% of 1.3294/1.3577 upleg. Break here to open way towards 1.3360, daily cloud base and key supports at 1.33 zone, 07/11 low / 50% retracement of larger 1.2754/1.3831 rally. Narrow consolidation above 1.34 handle is under way, with oversold hourly studies suggesting a break in the recent weakness. The near-term action is for now limited by former platform at 1.3430, with broken bull-trendline off 1.3294 offering next resistance at 1.3460, also near 38.2% of 1.3577/1.3412 / 55DMA at 1.3575. Any stretch higher should be ideally capped at 1.35 zone, 50% retracement and double bearish 10/55 and 20/55DMA’s crossover.
Res: 1.3430; 1.3460; 1.3475; 1.3500
Sup: 1.3412; 1.3400; 1.3360; 1.3294
GBPUSD
Cable came under pressure after failure to regain psychological 1.62 barrier and subsequent pullback broke below 1.61 handle, extending losses to 1.6071, 4-hour 55DMA so far. Negative hourly structure keeps the downside at risk, as 4-hour studies are losing momentum that may trigger further weakness, as long as the price holds below 1.61 resistance zone and 10/55; 20/55DMA’s bearish crossover that offers initial and solid resistance. Further easing would face immediate support at 1.6058/53, 19/11 low / 38.2% retracement of 1.5853/1.6177 ascend / daily Kijun-sen line, also near-term consolidation floor, loss of which will be bearish. Conversely, lift above 1.61 handle, would open the upper boundary of near-term congestion and signal possible resumption of the uptrend from 1.5853.
Res: 1.6110; 1.6147; 1.617; 1.6200
Sup: 1.6071; 1.6053; 1.6015; 1.6000
USDJPY
The pair returned to strength and break above near-term consolidation, with fresh extension higher, clearing key barrier at 100.60. The price aims towards psychological 101.00 barrier, with another key hurdle at 101.52, 08/07 peak, expected to come in focus, once 101 is cleared. Near-term studies remain bullish and favor further upside, however, overbought hourly conditions warn of possible hesitation on approach to 101 barrier. Previous highs at 100.60/42, offers immediate supports, while further corrective easing should ideally hold above 100.00/99.80 levels, to keep bulls intact.
Res: 101.00; 101.37; 101.52; 102.00
Sup: 100.60; 100.42; 100.24; 100.00
AUDUSD
The pair came under pressure and accelerated losses from 0.9446, where gains were capped by daily 20DMA a double top formed. Fresh weakness that broke below psychological 0.9300 support, threatens full retracement of 0.9269/0.9446 corrective rally, as the price came tick away from this support, with break lower to spark fresh extension of larger downmove from 0.9755, 23/10 peak, towards 0.9221, Fibonacci 61.8% of 0.8891/0.9755 and psychological 0.9200 support. However, oversold hourly studies may trigger consolidative/corrective action. Previous support at 0.9300, offers immediate resistance, ahead of 0.9350, 19/11 low, with stronger corrective rallies to be limited under 0.9400, psychological barrier / 20/55DMA’s bearish crossover.
Res: 0.9300; 0.9333; 0.9350; 0.9400
Sup: 0.9269; 0.9221; 0.9200; 0.9187
EURUSD
The Euro steadies above 1.35, closing for the week at 1.3555. The rally nearly fully retraced 1.3577/1.3398 corrective pullback, on a session high at 1.3559, with positive near-term technicals being supportive for eventual push through 1.3577, 20/11 high, break of which to resume near-term recovery rally from 1.3294, 07/11 low that so far retraced over 50% of 1.3831/1.3294 descend. On the other side, daily bulls are still sidelined and caution is required in case of stall under 1.3577, as the price struggles at broken bull trendline off 1.2754, currently at 1.3550. Initial support at 1.3500 should ideally hold corrective dips, while extension lower and violation of 1.3460, higher low / 61.8% of 1.3398/1.3559, would risk return to key near-term support at 1.3398, 21/11 low.
Res: 1.3559; 1.3577; 1.3600; 1.3645
Sup: 1.3533; 1.3500; 1.3461; 1.3444
GBPUSD
Cable continues to trend higher and extends near-term rally from 1.5853, 12/11 low, with key barriers at 1.6254/59 coming in focus, as the price sustained break above 1.6200 barrier and closed for the week at 1.6220. Bullish tone dominates on short-term studies, however, hesitation on approach to important barrier at 1.6259 that also marks multi-month range top, cannot be ruled out. The notion is supported by extended near-term conditions. Corrective dips should be ideally contained above 1.61 handle to keep the structure intact, with break above 1.6259 peak to open fresh bull-phase and focus psychological 1.6300 barrier initially, with full retracement of 1.6380/1.4812, 2012/2013 bear-phase, seen on extension to 1.6380, 02/01 2013 peak.
Res: 1.6239; 1.6254; 1.6259; 1.6300
Sup: 1.6200; 1.6180; 1.6150; 1.6107
USDJPY
The pair remains well supported and rallies higher, following positive weekly close and clearance of important barrier at 101.52, 08/07 peak. The price approaches psychological 102.00 barrier, en-route towards 102.48/52, 28/29 / 05 peaks, with key short-term resistance at 103.72, 22/05 annual high, expected to come in near-term focus. Technicals remain positive and favor further upside, with corrective pullback on overbought conditions, expected to interrupt rally. Immediate supports lay at 101.60/34, ahead of psychological 101.00 support and higher platform that offers solid support, reinforced by 4-hour 20DMA.
Res: 102.00; 102.50; 103.00; 103.29
Sup: 101.60; 101.34; 101.00; 100.60
AUDUSD
The pair remains under pressure, as acceleration from 0.9446 double-top, below 0.9220/00 support zone, 61.8% retracement of 0.8991/0.9755 ascend / round figure support, approaches psychological support and Fibonacci 76.4% of 0.8891/0.9755 upleg at 0.9100. Negative sentiment continues to drive the price lower, as technicals on lower and larger timeframes maintain negative tone and see scope for full retracement of 0.8891/0.9755 upleg. Oversold near-term conditions, however, may delay immediate bears. Corrective rallies to find immediate resistance at 0.9187, session high and psychological 0.9200 level, ahead of strong 0.9270 resistance, 12/14/ 11 platform, expected to ideally limit corrective rallies.
Res: 0.9187; 0.9200; 0.9248; 0.9270
Sup: 0.9119; 0.9095; 0.9068; 0.9036
EURUSD
The Euro remains steady and eventually cleared previous high of 20/11 at 1.3577, to test psychological 1.3600 barrier. Near-term studies are bullish and support further rallies, as the price continues to trend higher above hourly bull trendline off 1.3398 higher low. The third wave that commenced from 1.3398, could extend to initial barrier at1.3626, Fibonacci 61.8% retracement of 1.3831/1.3294 descend and 1.3688, Fibonacci 100% expansion of the up wave from 1.3398. Daily close above 1.3577 is required to confirm scenario. On the downside, initial support lies at 1.3557, session low / bull trendline off 1.3398, ahead of 1.3520, 26/11 higher low / Fibonacci 38.2% of 1.3398/1.3598 and 1.3500, round-figure support and 50% retracement, where stronger pullback should be contained.
Res: 1.3600; 1.3645; 1.3626; 1.3688
Sup: 1.3557; 1.3520; 1.3500; 1.3489
GBPUSD
Cable regained strength and focuses upper range levels, after pullback from 1.6239 found support at 1.6135 zone, where higher platform was created. Break above psychological 1.6200 barrier, looks for retest of 1.6239 and key hurdles at 1.6254/59 in extension. Positive near-term studies support the notion, with 1.6200 zone, session low / 26/11 intraday high and Fibonacci 38.2% of 1.6137/1.6229 upleg, offering solid support. Only extension below here and 1.6180, 50% retracement, would soften near-term tone.
Res: 1.6229; 1.6239; 1.6254; 1.6259
Sup: 1.6200; 1.6180; 1.6144; 1.6132
USDJPY
The pair trades in near-term consolidative mode, after posting fresh high at101.90 yesterday, with the downside being protected by initial support at 101.00, 22/11 higher low and Fibonacci 38.2% of 99.56/101.90 upleg. Fresh rally from 101.13, yesterday’s low, improves hourly structure, as 4-hour studies remain positive and keep the upside focused. Clearance of 101.90/102.00 barriers is needed to resume bulls and open 102.48/52, 28/29 / 05 highs, ahead of 103.10, Fibonacci 161.8% projection. Alternatively, loss of 101.00 would sideline near-term bulls and allow for stronger pullback towards previous highs at 100.60/42 and psychological 100.00 support in extension.
Res: 101.90; 102.00; 102.50; 103.00
Sup: 101.13; 101.00; 100.60; 100.42
AUDUSD
The pair came under pressure and continued larger bear-trend after corrective attempt off 0.9119, 25/11 low was capped at psychological 0.9200 barrier. Fresh extension below 0.91 handle, also Fibonacci 76.4% of 0.8891/0.9755 bull-phase, looks for test of psychological 0.9000 support, also low of 12/07, below which to open way towards key short-term supports and double-bottom at 0.8891/45, 30/05 / 8 lows. Negative studies on lower and larger timeframes support the notion, with corrective rallies expected to interrupt bears. Former correction peak at 0.9200 offers solid resistance.
Res: 0.9138; 0.9177; 0.9200; 0.9248
Sup: 0.9087; 0.9068; 0.9036; 0.9000
EURUSD
The Euro maintains positive sentiment, as clearance and daily close above previous high at 1.3577, probed levels above psychological 1.3600 barrier. Subsequent consolidation was contained by 55DMA at 1.3560, with further easing on weak hourly studies, allowed towards 1.3530/00, Fibonacci 38.2% and 50% retracement of 1.3398/1.3611 upleg, before bulls return to play. Positive scenario is supported by bullish 4-hour studies, as well as daily indicators breaking above the midlines that favor further upside in the near-term. Immediate target lies at 1.3626, Fibonacci 61.8% retracement of 1.3831/1.3294 descend, ahead of 1.3645, Fibonacci 138.2% projection / previous peak of 03/10 and 1.3710, 02/01 peak / Fibonacci 76.4% retracement. Alternative scenario see loss of 1.35 handle to weaken near-term structure and trigger stronger pullback towards 1.3450, 50% retracement of larger 1.3294/1.3611 ascend and 1.3398, 21/11 higher low, in extension.
Res: 1.3600; 1.3611; 1.3626; 1.3645
Sup: 1.3557; 1.3520; 1.3500; 1.3489
GBPUSD
Cable eventually broke above two-month congestion top at 1.6259, with daily close above here, confirming bullish resumption of larger uptrend from 1.4812 that was delayed by 1.6259/1.5853 consolidation. Break above the next hurdle at 1.6300, with 1.6329 seen so far, sees scope for final push towards key med-term resistance at 1.6380, 02/01 annual peak, as completion of 1.6380/1.4812 bear-phase, would look for fresh extension higher, as the price cracked 1.6292, bear-trendline drawn off 1.7041, 2009 high. Near-term technicals maintain positive tone, however, overextended conditions suggest hesitation on approach to key hurdle at 1.6380. Previous high at 1.6259/54 offer solid support, ahead of psychological 1.6200 support and 1.6135 higher platform.
Res: 1.6329; 1.6380; 1.6400; 1.6453
Sup: 1.6255; 1.6239; 1.6200; 1.6135
USDJPY
The pair remains steady and posts fresh highs above 102.00 level that now offers initial support. Overbought near-term conditions, see corrective action as likely near-term scenario, before bulls resume larger uptrend. Psychological 103.00 barrier and annual peak at 103.82, remain as near-term targets. However, caution is required, as daily studies enter overbought territory. Corrective extension below initial 102 support zone, session low / 25/11 previous high, to open more significant 101 zone higher platform, loss of which would sideline near-term bulls.
Res: 102.26; 102.50; 103.00; 103.50
Sup: 102.00; 101.80; 101.13; 101.00
AUDUSD
The pair posted fresh low at 0.9064 yesterday, after losing psychological / Fibonacci 0.9100 support, with subsequent bounce above the latter, being triggered by oversold conditions. Extension to 0.9139 cracked initial resistance and lower platform at 0.9133, with hourly studies turning positive and completion of hourly cup and holder pattern, suggesting further recovery, with the notion being supported by bullish divergence on lower timeframes. Sustained break above 0.9139, where 4-hour 20DMA capped for now, is required to open more significant 0.9200 resistance zone, 26/11 upside rejection and Fibonacci 38.2% of 0.9446/0.9064 / 55DMA. Only break here to signal stronger corrective action and sideline bulls. Conversely, failure under 0.9200 barrier would risk formation of lower top and fresh bears, with break below 0.9064 to open psychological 0.9000 support.
Res: 0.9139; 0.9177; 0.9200; 0.9255
Sup: 0.9116; 0.9100; 0.9064; 0.9036
EURUSD
The Euro consolidates above fresh lows at 1.3520, following sharp fall from 1.36 zone, where the larger rally stalled. Formation of hourly H&S pattern sees more downside risk, with further acceleration expected on a break below strong support at 1.3500, round figure support / daily 20DMA / Tenkan-sen line. Losses below 1.35 handle to open another strong support at1.3460 zone, 50% retracement of 1.3294/1.3620 / daily cloud base, with higher low at 1.34 seen in extension. Negative near-term technicals support the scenario, with initial resistance at 1.3559, Fibonacci 38.2% of 1.3614/1.3523 fall being cracked for extension towards 1.3579, yesterday’s higher platform and 61.8% retracement, regain of which to sideline immediate downside risk and shift focus towards upside targets at 1.3600/20.
Res: 1.3579; 1.3600; 1.3620; 1.3626
Sup: 1.3523; 1.3500; 1.3457; 1.3420
GBPUSD
Cable dipped about hundred pips on a corrective pullback from yesterday’s fresh high at 1.6441 and found temporary footstep at 1.6340, 4-hour 20DMA where near-term basing attempt is seen. Positive 4-hour studies see the upside in focus, with regain of 1.6400 handle requested to confirm base formation. Bulls may be delayed for further consolidation, as hourly studies are weak, however, further dips should not exceed psychological 1.6300 support, near 50% retracement of 1.6137/1.6441 upleg and previous congestion tops at 1.6360 zone, in order to keep larger bulls intact. Break above 1.6441 to open psychological 1.6500 barrier next.
Res: 1.6400; 1.6441; 1.6500; 1.6550
Sup: 1.6340; 1.6325; 1.6300; 1.6256
USDJPY
The pair maintains positive tone, as fresh extension of the upleg from 101.13 cracked psychological 103.00 barrier and posted new high at 103.36, en-route towards key resistance and short-term target at 103.72, 103.72, 22/05 yearly high. Near-term studies are bullish, but overbought conditions suggest possible hesitation on approach to 103.72. Initial supports lay at 102.61, previous high and 102.00, former consolidation floor, below which, bulls may be put on hold for deeper corrective pullback towards 101 zone.
Res: 103.36; 103.50; 103.72; 104.00
Sup: 102.82; 102.61; 102.21; 102.10
AUDUSD
The pair came under increased pressure after recovery rally stalled ahead of important 0.9200 barrier and subsequent pullback through 0.9100 support, fully retraced 0.9054/0.9167 corrective rally. Previous low at 0.9054 so far contained weakness, with basing attempt being in play, despite negative near-term technicals, as RSI / MACD bullish divergence builds up on 4-hour chart. However, to confirm such scenario and avert downside risk towards psychological 0.9000 support, bounce through initial barrier at 0.9100 and regain of 0.9167/0.9200 hurdles, is required.
Res: 0.9100; 0.9131; 0.9148; 0.9167
Sup: 0.9064; 0.9054; 0.9000; 0.8950