Short Term Technical Analysis for Majors

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

The single currency maintains positive tone on basing attempt at 1.2660, as fresh gains spiked to 1.2777 yesterday, Fib 23.6% of 1.3138/1.2660 descend / 55 day EMA. Subsequent consolidation that holds above 1.2700, sees potential for further recovery, signaled by double Doji. Regain of significant 1.2800 resistance zone and 200 day MA, is seen as a trigger for extension 1.2880/1.2900. Conversely, slide below 1.2700, would risk retest of 1.2660/52, 13 Nov fresh low / daily Ichimoku cloud base.

Res: 1.2752, 1.2777, 1.2787, 1.2800
Sup: 1.2730, 1.2715, 1.2700, 1.2670

GBP/USD

Overall bearish tone keeps the downside under pressure, as double failure to clear 1.5900 barrier, resulted in fresh weakness that cracked 200 day MA and extended losses to 1.5836 so far. Near-term risk is seen on penetration of 1.5800 support, also near 50% of 1.5267/1.6308 that would trigger further weakness and expose 1.5760, trendline support. On the upside, immediate resistance lies at 1.5860 zone, while only clear break above 1.5900 would provide relief.

Res: 1.5857, 1.5878, 1.5900, 1.5914
Sup: 1.5836, 1.5800, 1.5782, 1.5760

USD/JPY

The pair surged through key near-term barrier at 80.67, previous peak and 50% of 84.17/77.12 descend, following brief consolidation above 80.00, with 80.94 seen so far, just ahead of our initial target at 81.00. Fresh bulls will be looking for extension through 81.00 and test of 81.48, Fib 61.8%, however, gains may be interrupted by corrective pullback, as near-term studies are in the overbought zone. Previous barrier at 80.67, now offers initial support, with any further easing, seeing 80.30 zone as ideal reversal point.

Res: 80.94, 81.00, 81.48, 81.77
Sup: 80.67, 80.52, 80.30, 80.10

USD/CHF

The pair remains at the back foot, as yesterday’s fresh weakness spiked to 0.9420, denting important support zone at 0.9430/00. With subsequent bounce being capped by descending 55 day EMA and near-term studies in negative territory, the downside remains vulnerable. Risk is seen on violation of 0.9400, 200 day MA that may be a signal of major reversal and bring the price back into previous 0.9213/0.9430 range. To avert immediate downside risk and shift near-term focus higher, regain of 0.9470 zone is required.

Res: 0.9462, 0.9475, 0.9500, 0.9511
Sup: 0.9435, 0.9420, 0.9400, 0.9380

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

The pair regains the strength, following last Friday’s initial test of strong 1.2800 barrier and subsequent sell-off that drove the price below 1.2700 mark. Fresh gains into 1.2770 zone, keep the near-term structure positive. However, reclaim of very important 1.2800 barrier that marks 200 day MA and double-top neckline, is seen required to resume near-term recovery off 1.2660, 13 Nov low and open another significant barriers at 1.2880/1.2900 zone, 26/29 Oct lows / daily Ichimoku cloud top / 50% of 1.3138/1.2060 descend. Immediate support lies at 1.2750 zone, while violation of 1.2700 and last Friday’s low at 1.2689, would revive bears. Overall bearish tone still dominates on a larger picture.

Res: 1.2772, 1.2783, 1.2800, 1.2808
Sup: 1.2755, 1.2740, 1.2720, 1.2700

GBP/USD

Bounce above 1.5900, averts immediate risk of testing 1.5800 support and extension of larger downtrend from 1.6308. With overnight gains being capped at 38.2% of 1.6018/1.5826 and daily Ichimoku cloud base, pullback on overbought hourlies is, for now, seen as corrective, with 1.5900 being tested so far. Next good supports lie at 1.5880/70 zone, where dips should ideally reverse. With fresh bullish momentum emerging, focus is at 1.5960, previous lows and 1.5978, Fib 38.2% of 1.6174/1.5826. Conversely, downside risk would be increased in case of penetration of 1.5840, 200 day MA and 1.5826, 15 Nov low.

Res: 1.5922, 1.5955, 1.5978, 1.6000
Sup: 1.5892, 1.5880, 1.5870, 1.5840

USD/JPY

Near-term bulls remain in play, as the pair posts fresh high at 81.58 overnight, surpassing previous high and Fib 61.8% of 84.17/77.12 descend at 81.45. Stronger corrective action cannot be ruled out, as RSI/MACD bearish divergence appears on hourly chart and 4h indicators are in overbought territory. Initial support at 81.00, round figure is reinforced by 55 day EMA, ahead of 80.67, previous peak and Fib 38.2%, where any deeper dips should be contained. Break above 81.58 to focus 82.00, figure resistance and 82.20, mi May highs.

Res: 81.45, 81.58, 82.00, 82.20
Sup: 81.11, 81.00, 80.89, 80.67

USD/CHF

Overall bullish tone remains intact, as upside rejection at 0.9500 and subsequent pullback found ground at important 0.9400 support, where 200 day MA contained dips. However, as fresh gains failed to regain 0.9500 handle, softer near-term studies still see risk of possible retest of 0.9400, loss of which would trigger stronger correction of 0.9213/0.9511 upleg. Conversely, lift above last Friday’s high at 0.9489, would re-focus 0.9500/11 and improve near-term tone.

Res: 0.9462, 0.9489, 0.9500, 0.9511
Sup: 0.9435, 0.9400, 0.9380, 0.9365

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD

Maintains near-term positive tone after reversal from 1.4247 high found support at 1.4020. Yesterday’s breach of 1.4218, previous high, has so far reached 1.4232, just ahead of 1.4247, 22 Mar lower top, clearance of which is required for fresh attempt at 1.4280, Nov 2010 peak and major trendline resistance. Current correction is consolidating above 1.4150, with further easing not ruled out, and higher low above 1.41 seen to maintain bulls. Loss of 1.41, however, will delay and re-expose 1.4050/20 for test.

Res: 1.4176, 1.4200, 1.4232, 1.4247
Sup: 1.4152, 1.4115, 1.4090, 1.4050

GBP/USD

Upside failure to sustain gains above strong resistance at 1.6140 has triggered sharp reversal under 1.61 to reach 1.6015, just above 1.6010 higher low. Recovery attempt is seen capped by 1.61 zone, with break here and key near-term barrier at 1.6150 to signal recovery under-way. Otherwise, fresh weakness through 1.6015/10 will re-focus 1.5942/35.

Res: 1.6083, 1.6095, 1.6127, 1.6149
Sup: 1.6015, 1.6010, 1.5978, 1.5942

USD/JPY

Reversal from 83.20, yesterday’s high, was contained at 82.55, where fresh strength has emerged. Clearance of 83.20/29 barriers and important 200 day MA at 83.62, has so far reached 83.73, just ahead of 83.96, 16 Feb high, break of which is needed to open 84.49, key short-term resistance. Positive near-term studies see scope for further gains, with 82.75/55 expected to contain corrective dips on overbought conditions, to keep immediate bulls in play

Res: 83.20, 83.29, 83.52, 83.96
Sup: 82.55, 82.35, 82.00, 81.50

USD/CHF

Correction from 0.9273 spike high exceeded 0.9138/30, 29 Mar higher low/38.2% Fibonacci retracement of 0.8900/1.9273 ascend, to find temporary support at 0.9125. Break above 0.92 barrier keeps positive near-term tone for further gains, with regain of 0.9273 required to resume short-term recovery from 0.8900, towards key short-term barrier at 0.9367. On the downside, loss of 0.9125/00 weakens the tone.


Res: 0.9215, 0.9232, 0.9273, 0.9310
Sup: 0.9185, 0.9125, 0.9089, 0.9073

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

The near-term upward momentum sees potential for further gains, as the pair cracked important 1.2800 resistance yesterday. The price action stabilizes at 1.2800 zone, following sharp sell-off from 1.2818 fresh high, to 1.2763, where 55 day EMA contained dips. With 4h chart studies indicating further recovery, sustained break above 1.2800 to open next strong resistance zone at 1.2880/1.2900, with interim barrier at 1.2843, Fib 38.2% of 1.3138/1.2660 descend. Higher platform at 1.2760 zone, also Fib 38.2% of 1.2660/1.2818 upleg, offers good support and should ideally contain pullbacks, while potential slide below here would signal a failure swing and trigger deeper reversal.

Res: 1.2810, 1.2818, 1.2843, 1.2880
Sup: 1.2781, 1.2760, 1.2740, 1.2720

GBP/USD

The pair maintains positive tone, following yesterday’s close slightly above 1.5900 mark. Near-term price action is still limited by yesterday’s fresh high and 50% of 1.6174/1.5826, at 1.5922, hovering around 55 day EMA. Fresh momentum, emerging on 4h chart, indicates further extension higher. Lift above 1.5922 to focus Fibonacci 38.2% barrier at 1.5959, ahead of more significant 1.6000 level, psychological resistance and main bear-trendline off 1.6308. Consolidation range floor at 1.5885, also Fib 38.2% of 1.5826/1.5922 rally, is expected to contain, otherwise, further corrective easing towards 1.5874/63, Fibonacci supports, would soften near-term structure.

Res: 1.5922, 1.5959, 1.5978, 1.6000
Sup: 1.5892, 1.5885, 1.5874, 1.5863

USD/JPY

The pair continues to move sideways, consolidating the latest gains that peaked at 81.58. Appearance of Doji candle, along with weakening hourly studies and overbought 4h conditions, would suggest further hesitation on approach to the next target at 82.00. Initial support lies at 81.00, Fib 23.6% / 20 day EMA, ahead of 80.67, previous high / Fib 38.2% that should ideally contain any dips.

Res: 81.42, 81.58, 82.00, 82.20
Sup: 81.09, 81.00, 80.89, 80.67

USD/CHF

Near-term structure weakens further, as the price retests important 0.9400 support, on a slide from last Friday’s upside rejection at 0.9489. Brief dip and daily close below 0.9400, 200 day MA, could be a signal for fresh weakness, as near-term indicators are in the negative territory and see the downside favored for now. Slide below 0.9385 breakpoint is seen as a trigger, with bearish EMA’s crossover at 0.9436, offering initial barrier. Only lift above 0.9450, would ease immediate bear pressure.

Res: 0.9436, 0.9452, 0.9489, 0.9500
Sup: 0.9400, 0.9393, 0.9385, 0.9365

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

Bears took control of the near-term outlook, as the pair failed to sustain gains above 1.2800, 200 day MA and fell sharply to 1.2735, Monday’s opening levels. The reversal, signaled by Doji candle, retraced over 50% of 1.2660/1.2828 recovery rally. Hourly indicators are deeply in the negative territory and 4h chart studies building bearish momentum that keeps near-term focus at the downside. Strong support zone lies at 1.2720/00, Fib 61.8% / tentative bull trendline off 1.2660 and daily Ichimoku cloud base, seen as next downside target. Immediate resistance stands at 1.2764, yesterday’s low, ahead of 20/55 day EMA’s at 1.2785 and key near-term barriers at 1.2800/28.

Res: 1.2764, 1.2785, 1.2800, 1.2821
Sup: 1.2734, 1.2724, 1.2713, 1.2705

GBP/USD

Corrective rally off 1.5826, 15 Nov low, was capped by daily Ichimoku cloud base at 1.5935, with subsequent dip to 1.5882, retracing 505 of initial 1.5826/1.5935 rally. This could be seen as corrective, as 4h studies still hold in the positive territory and hourly indicators start to point higher, after breaking below their midlines. However, regain of 1.5935 is required to confirm higher low and resume near-term recovery, towards 1.5959, Fib 38.2% and 1.6000, round figure / trendline resistance. On the downside, violation of 1.5868, Fib 61.8%, would put near-term bulls on hold.

Res: 1.5919, 1.5927, 1.5935, 1.5959
Sup: 1.5882, 1.5868, 1.5857, 1.5826

USD/JPY

Near-term bulls remain fully in play, as the pair resumes rally that was interrupted by 81.00/58 consolidation and breaks above our initial target at 82.00. Immediate upside target lies at 82.20, May highs and 83.32, weekly 150 day MA, to possibly open way towards psychological 83.00 barrier. However, overextended conditions on both, 1 and 4h chart, with appearance of 4h RSI /MACD bearish divergence, could limit gains in the near-term. Previous high at 81.58, offers initial support, ahead of 81.00, consolidative range floor that should contain any stronger reversal.

Res: 82.20, 82.32, 82.50, 83.00
Sup: 81.70, 81.58, 81.42, 81.09

USD/CHF

Bounce on failed attempt to break below important 0.9400 support, also 200 day MA, provides temporary relief, as the price jumps to 0.9456 so far. Retracement of over 61.8% of 0.9489/0.9390 fall, turns hourly structure positive, however, failure to regain previous high at 0.9489, would risk lower top and fresh weakness, as 4h indicators still hold in the negative territory. Break above 0.9489 to re-focus key near-term barriers at 0.9500/11, otherwise, near-term focus would shift back towards 0.9400.

Res: 0.9456, 0.9489, 0.9500, 0.9511
Sup: 0.9433, 0.9427, 0.9400, 0.9390

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD

Bears took control of the near-term outlook, as the pair failed to sustain gains above 1.2800, 200 day MA and fell sharply to 1.2735, Monday’s opening levels. The reversal, signaled by Doji candle, retraced over 50% of 1.2660/1.2828 recovery rally. Hourly indicators are deeply in the negative territory and 4h chart studies building bearish momentum that keeps near-term focus at the downside. Strong support zone lies at 1.2720/00, Fib 61.8% / tentative bull trendline off 1.2660 and daily Ichimoku cloud base, seen as next downside target. Immediate resistance stands at 1.2764, yesterday’s low, ahead of 20/55 day EMA’s at 1.2785 and key near-term barriers at 1.2800/28.

Res: 1.2764, 1.2785, 1.2800, 1.2821
Sup: 1.2734, 1.2724, 1.2713, 1.2705

GBP/USD

Corrective rally off 1.5826, 15 Nov low, was capped by daily Ichimoku cloud base at 1.5935, with subsequent dip to 1.5882, retracing 505 of initial 1.5826/1.5935 rally. This could be seen as corrective, as 4h studies still hold in the positive territory and hourly indicators start to point higher, after breaking below their midlines. However, regain of 1.5935 is required to confirm higher low and resume near-term recovery, towards 1.5959, Fib 38.2% and 1.6000, round figure / trendline resistance. On the downside, violation of 1.5868, Fib 61.8%, would put near-term bulls on hold.

Res: 1.5919, 1.5927, 1.5935, 1.5959
Sup: 1.5882, 1.5868, 1.5857, 1.5826

USD/JPY

Near-term bulls remain fully in play, as the pair resumes rally that was interrupted by 81.00/58 consolidation and breaks above our initial target at 82.00. Immediate upside target lies at 82.20, May highs and 83.32, weekly 150 day MA, to possibly open way towards psychological 83.00 barrier. However, overextended conditions on both, 1 and 4h chart, with appearance of 4h RSI /MACD bearish divergence, could limit gains in the near-term. Previous high at 81.58, offers initial support, ahead of 81.00, consolidative range floor that should contain any stronger reversal.

Res: 82.20, 82.32, 82.50, 83.00
Sup: 81.70, 81.58, 81.42, 81.09

USD/CHF

Bounce on failed attempt to break below important 0.9400 support, also 200 day MA, provides temporary relief, as the price jumps to 0.9456 so far. Retracement of over 61.8% of 0.9489/0.9390 fall, turns hourly structure positive, however, failure to regain previous high at 0.9489, would risk lower top and fresh weakness, as 4h indicators still hold in the negative territory. Break above 0.9489 to re-focus key near-term barriers at 0.9500/11, otherwise, near-term focus would shift back towards 0.9400.

Res: 0.9456, 0.9489, 0.9500, 0.9511
Sup: 0.9433, 0.9427, 0.9400, 0.9390

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

The Euro resumes near-term rally from 1.2660, 13 Nov low, with overnight’s acceleration through 1.2843 Fibonacci barrier, extending gains close to initial targets at 1.2875/85. Brief correction on overbought hourlies is underway and so far contained at initial 1.2828 support, with further supports at 1.2814/00, reinforced by ascending 55 day EMA and 200 day MA. Positive sentiment keeps the upside favored, as clearance of 1.2900 would likely open way towards psychological 1.3000 barrier.

Res: 1.2866, 1.2875, 1.2885, 1.2900
Sup: 1.2833, 1.2814, 1.2800, 1.2785

GBP/USD

Rally from 1.5826, 15 Nov low, retraced over 38.2% of 1.6174/1.5826 downleg at 1.5968, yesterday’s high. Consolidative phase on overbought hourly studies is likely going to precede fresh rally, as near-term structure holds bullish momentum. Resumption of the uptrend to focus strong barrier at 1.6000, where 50% retracement and main bear-trendline lie. Break here is required to confirm near-term base and allow for stronger recovery. Previous peak at 1.5935, offers initial support, with bullish EMA’s crossover at 1.5920, underpinning the advance. Only slide below 1.5900 and 1.5882, would question near-term bulls.

Res: 1.5968, 1.6000, 1.6018, 1.6041
Sup: 1.5954, 1.5935, 1.5920, 1.5900

USD/JPY

The pair consolidates recent gains that resulted in fresh 7-month high at 82.63. Overall bullish structure, sees the upside favored for test of the next target at psychological barrier at 83.00, however, overextended 4h studies, as well as dailies that approach overbought territory, could signal more significant corrective action. Immediate supports lie at 82.35/00, ahead of 81.58, previous peak.

Res: 82.53, 83.00, 83.29, 83.38
Sup: 82.35, 82.00, 81.70, 81.58

USD/CHF

Fresh weakness and yesterday’s close below 200 day MA at 0.9400, confirms near-term bearish stance, following unsuccessful corrective rally that failed to regain 0.9489 breakpoint. The downside remains in focus, as the price dips below Fib 61.8% of 0.9275/0.9511 rally, hitting fresh low at 0.9356 so far. Immediate downside targets lie at 0.9340 and 0.9300, ahead of 0.9275, 31 Oct higher low. Previous strong supports at 0.9400/30 zone, now act as resistance and are expected to cap for now.

Res: 0.9390, 0.9400, 0.9427, 0.9456
Sup: 0.9368, 0.9356, 0.9340, 0.9300

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

The pair holds bullish bias, as renewed attack at 1.2900 barrier, also 50% of 1.3138/1.2660 descend, occurs. The rally was interrupted by technical reversal to 1.2856, where 20 day EMA that maintains bulls in past couple of days, contained dips. Bullish tone on lower timeframes studies remains strong, however, extended conditions on both, 1 and 4h charts, may signal hesitation at strong 1.2900/10 resistance, where 50% retracement / daily 55 day MA and upper 20 day Bollinger band lie. Break here to open way towards next target at 1.2955, Fib 61.8%, then 1.2984, daily Ichimoku cloud top, for eventual attack at psychological 1.3000 barrier. Yesterday’s correction low at 1.2856, offers initial support, reinforced by ascending 55 day EMA, ahead of more significant 1.2830 zone, higher platform / 20 Nov previous high and 1.2800, 200 day MA, above which any stronger reversal should be contained.

Res: 1.2900, 1.2910, 1.2955, 1.2984
Sup: 1.2867, 1.2856, 1.2830, 1.2800

GBP/USD

Near-term bulls are picking up pace, as bounce off 1.5917, bottom of 1.5977/1.5917 corrective pullback, retraces over 61.8% of initial fall at 1.5956. As the price broke above 4h Ichimoku cloud top and Tenkan-sen line, as well as 10/20 day EMA’s, with hourly MACD moving in the positive territory, upside remains in near-term focus. Initial barrier lies at 1.5977, ahead of more important psychological 1.6000 barrier and 50% retracement / trendline resistance. Break here is required to signal stronger recovery and open 1.6018/40 next. However, 4h chart studies are losing upward momentum that could indicate stall on approach at 1.6000 zone.

Res: 1.5968, 1.5977, 1.6000, 1.6018
Sup: 1.5932, 1.5917, 1.5900, 1.5882

USD/JPY

The pair entered corrective phase after posting fresh high at 82.83, just ahead of our initial target at 83.00. Dips were so far contained at 82.17, Fib 38.2% of 81.12/82.73 upleg / 4h 20 day EMA, where basing attempt is evident on hourly chart, as Stochastic reverses. From the other side, 4h studies are emerging from overbought zone, while daily studies are overextended that may indicate possible stronger corrective action. Unless 82.50/60 zone is regained, hourly Kijun-sen line / yesterday intraday highs that would re-focus 82.83 and 83.00 on a break, further corrective action looms. Below 82.17 low, next support lies at 82.00, round figure / Fib 23.6% of 79.06/82.83 rally, ahead of more significant 81.45 zone, previous range top / Fib 38.2% / 55 day EMA, loss of which to bring bears fully in play.

Res: 82.50, 82.63, 82.83, 83.00
Sup: 82.17, 82.00, 81.28, 81.40

USD/CHF

Near-term bears remain fully in play, as the pair resumes downtrend that was interrupted by brief 0.9335/0.9366 correction. With 20 day EMA capping the upside and slide below 0.9335, previous low, bears are building up momentum for test of next targets at 0.9300, as Fib 61.8% of 0.9213/0.9511 and daily Ichimoku cloud base at 0.9325 are under pressure. Studies on 4h chart are maintaining negative tone, however, approach to oversold territory may signal hesitation at 0.9300. With daily indicators entering negative territory, further bearish action is seen as likely scenario. Key near-term barriers remain at 0.9400 and 0.9430 and only break here would provide relief.

Res: 0.9348, 0.9366, 0.9384, 0.9400
Sup: 0.9325, 0.9300, 0.9275, 0.9237

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

The Euro maintains near-term bulls, following last Friday’s rally to the levels near psychological 1.3000 barrier, where daily Ichimoku cloud top limited gains and weekly close above 1.2955, Fib 61.8% of 1.3138/1.2660 descend. Corrective easing, seen overnight, was contained at 1.2942, for now, however, loss of initial bullish momentum, seen on hourly chart, may signal further consolidation, before fresh attempt higher. Clearance of 1.2989, last Friday’s peak and more important 1.3000 barrier, to open way for fresh bullish extension towards the next targets at 1.3020, 25/31 Oct double-top and 1.3070, 05 Oct peak, 1.3084, tentative bear-trendline, connecting 1.3170/38 peaks. Any stronger dips need to be contained at/above 1.2900, psychological support, reinforced by ascending 20 day EMA, to keep bullish structure intact.

Res: 1.2989, 1.3000, 1.3020, 1.3070
Sup: 1.2942, 1.2913, 1.2900, 1.2874

GBP/USD

Last Friday’s strong rally through 1.6000 barrier and weekly close above here, keeps the near-term bulls off 1.5826, 15 Nov low, in play. Fresh strength so far retraced over 61.8% of 1.6174/1.5826 decline on a break below 1.6041, Fib 61.8% and 07 Nov high. Technical pullback has so far been contained by ascending 20 day EMA, above 1.6000, with fresh bulls gaining pace, as break above last Friday’s fresh peak at 1.6048, to open 1.6100 zone, round figure / Fib 76.4%. Positive structure on 4h chart, supports the notion, with any deeper dips, to be contained at 1.6000 zone, previous barrier and broken main bear-trendline.

Res: 1.6048, 1.6060, 1.6092, 1.6100
Sup: 1.6014, 1.6000, 1.5977, 1.5946

USD/JPY

The pair remains in a corrective phase, as repeated attempt at 82.00 support / 50% of 81.12/82.83 upleg, keeps near-term focus at the downside. Hourly indicators are in the negative territory, with 10 day EMA bearish crossover below 20/55 day ones and 4h indicators descending towards the midlines, see the downside favored in the near-term. Loss of 82.00 to confirm failure swing and open way towards next support at 81.58, 19 Nov high / 4h 55 day EMA, also near Fib 38.2% of 79.06/82.83 ascend. Only break above last Friday’s high at 82.61, would avert immediate downside risk.


Res: 82.37, 82.50, 82.61, 82.83
Sup: 82.05, 81.77, 81.58, 81.28

USD/CHF

Fresh bearish extension through psychological 0.9300 support and weekly close below here, keep bears in play for full retracement of 0.9213/0.9511 rally. Loss of the last support at 0.9275, confirms bearish stance. However, corrective action, preceding fresh slide, cannot be ruled out, as hourly indicators are emerging from oversold zone and more indicative for the near-term outlook, 4h studies, are overextended. Initial resistance lies at 0.9300, also overnight high, with more significant 0.9335, 22 Nov low / Fib 38.2% of 0.9456/0.9263, expected to cap any stronger bounce.

Res: 0.9300, 0.9335, 0.9355, 0.9366
Sup: 0.9275, 0.9263, 0.9237, 0.9213

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD

The Euro maintains near-term bulls, following last Friday’s rally to the levels near psychological 1.3000 barrier, where daily Ichimoku cloud top limited gains and weekly close above 1.2955, Fib 61.8% of 1.3138/1.2660 descend. Corrective easing, seen overnight, was contained at 1.2942, for now, however, loss of initial bullish momentum, seen on hourly chart, may signal further consolidation, before fresh attempt higher. Clearance of 1.2989, last Friday’s peak and more important 1.3000 barrier, to open way for fresh bullish extension towards the next targets at 1.3020, 25/31 Oct double-top and 1.3070, 05 Oct peak, 1.3084, tentative bear-trendline, connecting 1.3170/38 peaks. Any stronger dips need to be contained at/above 1.2900, psychological support, reinforced by ascending 20 day EMA, to keep bullish structure intact.

Res: 1.2989, 1.3000, 1.3020, 1.3070
Sup: 1.2942, 1.2913, 1.2900, 1.2874

GBP/USD

Last Friday’s strong rally through 1.6000 barrier and weekly close above here, keeps the near-term bulls off 1.5826, 15 Nov low, in play. Fresh strength so far retraced over 61.8% of 1.6174/1.5826 decline on a break below 1.6041, Fib 61.8% and 07 Nov high. Technical pullback has so far been contained by ascending 20 day EMA, above 1.6000, with fresh bulls gaining pace, as break above last Friday’s fresh peak at 1.6048, to open 1.6100 zone, round figure / Fib 76.4%. Positive structure on 4h chart, supports the notion, with any deeper dips, to be contained at 1.6000 zone, previous barrier and broken main bear-trendline.

Res: 1.6048, 1.6060, 1.6092, 1.6100
Sup: 1.6014, 1.6000, 1.5977, 1.5946

USD/JPY

The pair remains in a corrective phase, as repeated attempt at 82.00 support / 50% of 81.12/82.83 upleg, keeps near-term focus at the downside. Hourly indicators are in the negative territory, with 10 day EMA bearish crossover below 20/55 day ones and 4h indicators descending towards the midlines, see the downside favored in the near-term. Loss of 82.00 to confirm failure swing and open way towards next support at 81.58, 19 Nov high / 4h 55 day EMA, also near Fib 38.2% of 79.06/82.83 ascend. Only break above last Friday’s high at 82.61, would avert immediate downside risk.


Res: 82.37, 82.50, 82.61, 82.83
Sup: 82.05, 81.77, 81.58, 81.28

USD/CHF

Fresh bearish extension through psychological 0.9300 support and weekly close below here, keep bears in play for full retracement of 0.9213/0.9511 rally. Loss of the last support at 0.9275, confirms bearish stance. However, corrective action, preceding fresh slide, cannot be ruled out, as hourly indicators are emerging from oversold zone and more indicative for the near-term outlook, 4h studies, are overextended. Initial resistance lies at 0.9300, also overnight high, with more significant 0.9335, 22 Nov low / Fib 38.2% of 0.9456/0.9263, expected to cap any stronger bounce.

Res: 0.9300, 0.9335, 0.9355, 0.9366
Sup: 0.9275, 0.9263, 0.9237, 0.9213

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

The Euro has cracked psychological 1.3000 barrier on a spike to 1.3007, seen overnight, as a part of broader recovery from 1.2660, 13 Nov low. Positive sentiment favors the upside, as clearance of 1.3020, 25/31 Oct double-top and Fib 76.4% of 1.3137/1.2660 is required to confirm break and expose 1.3070, possibly 1.3100 on a break. Near-term structure remains positive, however, extended 4h studies warn of possible stall. Immediate support lies at 1.2942, ahead of 1.2900, round figure and more significant 1.2830 zone, loss of which would revive bears.

Res: 1.3007, 1.3020, 1.3050, 1.3070
Sup: 1.2942, 1.2913, 1.2900, 1.2874

GBP/USD

The pair maintains positive tone, holding at 1.6050, yesterday’s high, after corrective easing found footstep at 1.6000 zone and 55 day EMA. Clear break above 1.6050 is required to resume rally from 1.5920 higher base, for possible test of 1.6100, round figure / Fib 76.4% of 1.6174/1.5826 / daily Ichimoku cloud top. Failure to do so, however, would increase risk of reversal, signaled by yesterday’s Doji and signal possible double-top formation, with break below initial 1.600/1.5977 supports, required to confirm. Overbought 4h chart conditions and hourly MACD / RSI bearish divergence, support the notion.

Res: 1.6050, 1.6060, 1.6092, 1.6100
Sup: 1.6019, 1.6000, 1.5977, 1.5946

USD/JPY

Near-term bulls came back to play after the pair found ground just under psychological 82.00 support and bounce retraced nearly 50% of 82.83/81.84 downleg at 82.31. Hourly structure is gaining momentum and sees the upside favored, however, still weak tone, seen on 4h chart, requires improvement, seen on regain of 82.45, Fib 61.8% and tentative bear-trendline off 82.83 that will open way towards pivotal 82.61, yesterday’s high. Otherwise, lower top and fresh extension lower that would initially target 81.81 and 81.60 would signal further retracement of 79.06/82.83 rally.

Res: 82.31, 82.45, 82.61, 82.83
Sup: 82.20, 82.00, 81.84, 81.58

USD/CHF

The pair remains under pressure, as series of lower lows, with the latest one posted overnight at 0.9253, confirm bearish stance and focus key near-term support at 0.9213. Hourly studies show bears fully in play, while 4h studies, entering oversold zone, may signal delay, seen on possible mild corrective bounce. Initial 0.9300 barrier, reinforced by descending 20 day EMA, is expected to cap for now. On the downside, break below 0.9213, would signal an end of two-month consolidative phase and open fresh bear-leg, as a part of broader descend from 0.9970, 24 July yearly peak.

Res: 0.9280, 0.9300, 0.9335, 0.9355
Sup: 0.9253, 0.9237, 0.9213, 0.9200

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD

The Euro has cracked psychological 1.3000 barrier on a spike to 1.3007, seen overnight, as a part of broader recovery from 1.2660, 13 Nov low. Positive sentiment favors the upside, as clearance of 1.3020, 25/31 Oct double-top and Fib 76.4% of 1.3137/1.2660 is required to confirm break and expose 1.3070, possibly 1.3100 on a break. Near-term structure remains positive, however, extended 4h studies warn of possible stall. Immediate support lies at 1.2942, ahead of 1.2900, round figure and more significant 1.2830 zone, loss of which would revive bears.

Res: 1.3007, 1.3020, 1.3050, 1.3070
Sup: 1.2942, 1.2913, 1.2900, 1.2874

GBP/USD

The pair maintains positive tone, holding at 1.6050, yesterday’s high, after corrective easing found footstep at 1.6000 zone and 55 day EMA. Clear break above 1.6050 is required to resume rally from 1.5920 higher base, for possible test of 1.6100, round figure / Fib 76.4% of 1.6174/1.5826 / daily Ichimoku cloud top. Failure to do so, however, would increase risk of reversal, signaled by yesterday’s Doji and signal possible double-top formation, with break below initial 1.600/1.5977 supports, required to confirm. Overbought 4h chart conditions and hourly MACD / RSI bearish divergence, support the notion.

Res: 1.6050, 1.6060, 1.6092, 1.6100
Sup: 1.6019, 1.6000, 1.5977, 1.5946

USD/JPY

Near-term bulls came back to play after the pair found ground just under psychological 82.00 support and bounce retraced nearly 50% of 82.83/81.84 downleg at 82.31. Hourly structure is gaining momentum and sees the upside favored, however, still weak tone, seen on 4h chart, requires improvement, seen on regain of 82.45, Fib 61.8% and tentative bear-trendline off 82.83 that will open way towards pivotal 82.61, yesterday’s high. Otherwise, lower top and fresh extension lower that would initially target 81.81 and 81.60 would signal further retracement of 79.06/82.83 rally.

Res: 82.31, 82.45, 82.61, 82.83
Sup: 82.20, 82.00, 81.84, 81.58

USD/CHF

The pair remains under pressure, as series of lower lows, with the latest one posted overnight at 0.9253, confirm bearish stance and focus key near-term support at 0.9213. Hourly studies show bears fully in play, while 4h studies, entering oversold zone, may signal delay, seen on possible mild corrective bounce. Initial 0.9300 barrier, reinforced by descending 20 day EMA, is expected to cap for now. On the downside, break below 0.9213, would signal an end of two-month consolidative phase and open fresh bear-leg, as a part of broader descend from 0.9970, 24 July yearly peak.

Res: 0.9280, 0.9300, 0.9335, 0.9355
Sup: 0.9253, 0.9237, 0.9213, 0.9200

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

The Euro eases after unsuccessful attempt to clear 1.3000 that proved to be tough barrier, with completion of evening star – like pattern, signaling fresh bears. Hourly studies turned negative and see immediate risk on test of important 1.2900 support, also Fib 38.2% of 1.2735/1.3007 upleg, violation of which to confirm near-term bulls are on hold in favor of deeper reversal, with 1.2870/50, 50% retracement / 55 day EMA, seen on a break. Only bounce above 1.2950 would ease immediate bear pressure.

Res: 1.2844, 1.2885, 1.3007, 1.3020
Sup: 1.2911, 1.2900, 1.2874, 1.2858

GBP/USD

Cable remains under pressure, as repeated failure at 1.6050 barrier and double Doji candlestick questions recent rally. Brief break below initial 1.6000 support and hourly indicators in the negative territory, suggest that further easing is likely, with important 1.5975 support, 50% of 1.5926/1.6055 / 22 Nov high, coming in near-term focus. Hourly Ichimoku cloud top and 20 day EMA at 1.6020, offer initial resistance and break here would shift near-term focus higher.

Res: 1.6020, 1.6032, 1.6050, 1.6092
Sup: 1.6000, 1.5992, 1.5977, 1.5956

USD/JPY

Yesterday’s recovery rejection at 82.31 and fresh slide below here, keep near-term bears in play, as the pair hits series of fresh lows, with the latest posted at 81.71, where 55 day EMA contained dip for now. Hourly studies are negative and 4h indicators attempting below the midlines that sees more potential for bearish extension towards the next supports at 81.58, previous high and 81.39, Fib 38.2% of 79.06 / 82.83 ascend. Immediate resistance lies at 82.00, reinforced by descending 20 day EMA, while yesterday’s high at 82.31, along with tentative bear-trendline off 82.83, is expected to cap rallies for now.

Res: 82.00, 82.20, 82.31, 82.45
Sup: 81.71, 81.58, 81.39, 81.00

USD/CHF

Brief recovery off yesterday’s fresh low at 0.9253, struggles to sustain gains above initial 0.9300 barrier, with daily Ichimoku cloud base at 0.9320, limiting recovery for now. However, improved hourly conditions, see potential for further corrective action, with Fibonacci resistances and 55 day EMA at 0.9330/50, seen as immediate targets on a break above 0.9320. With larger picture bears still in play, current move could be described as corrective, as long as pivotal 0.9400 barrier stays intact.

Res: 0.9323, 0.9335, 0.9350, 0.9378
Sup: 0.9300, 0.9268, 0.9253, 0.9237

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD

The Euro eases after unsuccessful attempt to clear 1.3000 that proved to be tough barrier, with completion of evening star – like pattern, signaling fresh bears. Hourly studies turned negative and see immediate risk on test of important 1.2900 support, also Fib 38.2% of 1.2735/1.3007 upleg, violation of which to confirm near-term bulls are on hold in favor of deeper reversal, with 1.2870/50, 50% retracement / 55 day EMA, seen on a break. Only bounce above 1.2950 would ease immediate bear pressure.

Res: 1.2844, 1.2885, 1.3007, 1.3020
Sup: 1.2911, 1.2900, 1.2874, 1.2858

GBP/USD

Cable remains under pressure, as repeated failure at 1.6050 barrier and double Doji candlestick questions recent rally. Brief break below initial 1.6000 support and hourly indicators in the negative territory, suggest that further easing is likely, with important 1.5975 support, 50% of 1.5926/1.6055 / 22 Nov high, coming in near-term focus. Hourly Ichimoku cloud top and 20 day EMA at 1.6020, offer initial resistance and break here would shift near-term focus higher.

Res: 1.6020, 1.6032, 1.6050, 1.6092
Sup: 1.6000, 1.5992, 1.5977, 1.5956

USD/JPY

Yesterday’s recovery rejection at 82.31 and fresh slide below here, keep near-term bears in play, as the pair hits series of fresh lows, with the latest posted at 81.71, where 55 day EMA contained dip for now. Hourly studies are negative and 4h indicators attempting below the midlines that sees more potential for bearish extension towards the next supports at 81.58, previous high and 81.39, Fib 38.2% of 79.06 / 82.83 ascend. Immediate resistance lies at 82.00, reinforced by descending 20 day EMA, while yesterday’s high at 82.31, along with tentative bear-trendline off 82.83, is expected to cap rallies for now.

Res: 82.00, 82.20, 82.31, 82.45
Sup: 81.71, 81.58, 81.39, 81.00

USD/CHF

Brief recovery off yesterday’s fresh low at 0.9253, struggles to sustain gains above initial 0.9300 barrier, with daily Ichimoku cloud base at 0.9320, limiting recovery for now. However, improved hourly conditions, see potential for further corrective action, with Fibonacci resistances and 55 day EMA at 0.9330/50, seen as immediate targets on a break above 0.9320. With larger picture bears still in play, current move could be described as corrective, as long as pivotal 0.9400 barrier stays intact.

Res: 0.9323, 0.9335, 0.9350, 0.9378
Sup: 0.9300, 0.9268, 0.9253, 0.9237

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

Repeated Doji candle may put question mark above near-term bulls, despite the pair regained ground after yesterday’s strong sell-off that found ground at 1.2880, strong support, 55 day EMA / Fib 38.2% of 1.2660/1.3007 ascend. Recovery rally was limited overnight at 1.2960, Fib 61.8% of 1.3007/1.2880 slide, with hourly studies holding positive tone but lacking momentum for now. Unless key 1.3000 barrier is cleared, further corrective action cannot be ruled out, with 1.2900/1.2880 supports staying in near-term focus.

Res: 1.2960, 1.2977, 1.3000, 1.3007
Sup: 1.2938, 1.2900, 1.2880, 1.2870

GBP/USD

The pair holds above important 1.6000 handle, following sharp fall to 1.5960 and subsequent quick recovery. However, 4h chart studies are weakening, with loss of bullish momentum becoming more evident, increasing risk fresh weakness seen on loss of 1.6000 and confirmation of lower top on a break below 1.5960, also Fib 76.4% of 1.5926/1.6055 that would re-focus 1.5926/17 lows and 1.5900, round figure support. Four consecutive Doji candles on a daily chart, support the notion.
Conversely, regain of 1.6050 double-top would improve near-term structure and signal possible resumption of upleg from 1.5826, 15 Nov low.

Res: 1.6021, 1.6032, 1.6055, 1.6090
Sup: 1.6000, 1.5960, 1.5926, 1.5917

USD/JPY

Recovery from 81.68, yesterday’s low, found resistance at 82.20, reinforced by bear-trendline off 82.83. with price action being congested below here during the Asian session. Positive hourly studies still keep the upside favored, however, weak 4h chart tone sees the downside vulnerable, unless 82.20, also 50% of 82.83/81.68 / 4h Ichimoku cloud top and 82.30, 27 Nov high, is cleared. Sustained break here to shift near-term focus towards the upper barrier and signal formation of higher low at 81.68, otherwise, slide below 82.00, would risk retest of 81.68 and possible stronger correction towards strong supports at 8140 and 81.00.

Res: 82.20, 82.31, 82.56, 82.83
Sup: 82.00, 81.84, 81.68, 81.40

USD/CHF

Failure to sustain gains above 0.9300/30 barrier, with recovery rally being capped by descending 55 day EMA and daily Ichimoku cloud base, triggered fresh weakness through initial 0.9300 support. Immediate focus turns towards 0.9253, 27 Nov low, with bearish extension towards key support at 0.9213, seen on a break, as hourly studies moved again in the negative territory and 4h negative conditions remaining unaffected by the recent recovery rally. Immediate support lies at 0.9300, reinforced by descending 20 day EMA, while only rally through 0.9340, correction high, would ease bear-pressure.

Res: 0.9300, 0.9323, 0.9339, 0.9350
Sup: 0.9268, 0.9253, 0.9213, 0.9200

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD

Repeated Doji candle may put question mark above near-term bulls, despite the pair regained ground after yesterday’s strong sell-off that found ground at 1.2880, strong support, 55 day EMA / Fib 38.2% of 1.2660/1.3007 ascend. Recovery rally was limited overnight at 1.2960, Fib 61.8% of 1.3007/1.2880 slide, with hourly studies holding positive tone but lacking momentum for now. Unless key 1.3000 barrier is cleared, further corrective action cannot be ruled out, with 1.2900/1.2880 supports staying in near-term focus.

Res: 1.2960, 1.2977, 1.3000, 1.3007
Sup: 1.2938, 1.2900, 1.2880, 1.2870

GBP/USD

The pair holds above important 1.6000 handle, following sharp fall to 1.5960 and subsequent quick recovery. However, 4h chart studies are weakening, with loss of bullish momentum becoming more evident, increasing risk fresh weakness seen on loss of 1.6000 and confirmation of lower top on a break below 1.5960, also Fib 76.4% of 1.5926/1.6055 that would re-focus 1.5926/17 lows and 1.5900, round figure support. Four consecutive Doji candles on a daily chart, support the notion.
Conversely, regain of 1.6050 double-top would improve near-term structure and signal possible resumption of upleg from 1.5826, 15 Nov low.

Res: 1.6021, 1.6032, 1.6055, 1.6090
Sup: 1.6000, 1.5960, 1.5926, 1.5917

USD/JPY

Recovery from 81.68, yesterday’s low, found resistance at 82.20, reinforced by bear-trendline off 82.83. with price action being congested below here during the Asian session. Positive hourly studies still keep the upside favored, however, weak 4h chart tone sees the downside vulnerable, unless 82.20, also 50% of 82.83/81.68 / 4h Ichimoku cloud top and 82.30, 27 Nov high, is cleared. Sustained break here to shift near-term focus towards the upper barrier and signal formation of higher low at 81.68, otherwise, slide below 82.00, would risk retest of 81.68 and possible stronger correction towards strong supports at 8140 and 81.00.

Res: 82.20, 82.31, 82.56, 82.83
Sup: 82.00, 81.84, 81.68, 81.40

USD/CHF

Failure to sustain gains above 0.9300/30 barrier, with recovery rally being capped by descending 55 day EMA and daily Ichimoku cloud base, triggered fresh weakness through initial 0.9300 support. Immediate focus turns towards 0.9253, 27 Nov low, with bearish extension towards key support at 0.9213, seen on a break, as hourly studies moved again in the negative territory and 4h negative conditions remaining unaffected by the recent recovery rally. Immediate support lies at 0.9300, reinforced by descending 20 day EMA, while only rally through 0.9340, correction high, would ease bear-pressure.

Res: 0.9300, 0.9323, 0.9339, 0.9350
Sup: 0.9268, 0.9253, 0.9213, 0.9200

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

The single currency holds positive momentum, as renewed strength, following yesterday’s choppy trading, driven mainly by conflicting news, resulted in a break above 1.3000 and test of 1.3020, previous tops / Fib 76.4%. Sustained break and weekly close above the latter and weekly close, would be a good signal that the pair is at the right track for possible return to key near-term barriers at 1.3138/70. Both 1 and 4h chart studies are in the positive territory and supportive for fresh bullish action towards 1.3070/1.3100, initial targets. Previous resistance at 1.3000, now offers initial support, ahead of 1.2968, yesterday’s intraday low / 55 day EMA and 1.2940, spike low / double bottom, posted yesterday and only violation of the latter, would more significantly affect near-term structure.

Res: 1.3025, 1.3050, 1.3070, 1.3100
Sup: 1.3000, 1.2985, 1.2968, 1.2940

GBP/USD

Near-term bulls return to play, as fresh strength off 28 Nov higher low at 1.5960, attempts above strong 1.6050 barrier. Fresh bullish momentum, building on 4h chart, sees room for sustained break and further extension higher and test of 1.6090/1.6100, Fibonacci 76.4% / round figure, next targets, with today’s close above 1.6050, required to hold positive tone. Initial supports lie at 1.6033 and 1.6000, while only loss of 1.5960 would revive bears.

Res: 1.6060, 1.6067, 1.6092, 1.6100
Sup: 1.6033, 1.6026, 1.6012, 1.6000

USD/JPY

The pair is poised to fully retrace 82.83/81.68 corrective pullback, as near-term bulls return to play after 55 day EMA contained reversal. With 4h studies entering positive territory, room for fresh extension towards 83.00 is seen, however, overextended hourly tools, would signal possible hesitation on approach to 82.83/83.00 barriers.

Res: 82.64, 82.83, 83.00, 83.50
Sup: 82.50, 82.33, 82.00, 81.90

USD/CHF

The pair continues to trend lower, after yesterday’s bounce was again capped by psychological 0.9300, leaving no space for stronger recovery and prompting fresh weakness that posted new low at 0.9244 so far. Negative outlook keeps key level and breakpoint at 0.9213 in near-term focus, as extension below here would signal an end of 10-week consolidative phase and open 0.9100 zone for test. Bears are maintained by descending 20 day EMA, currently at 0.9289, while only lift above 0.9339, 28 Nov recovery peak / 55 day EMA, would provide temporary relief.

Res: 0.9268, 0.9289, 0.9300, 0.9323
Sup: 0.9244, 0.9213, 0.9200, 0.9193

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

The Euro continues its rally after consolidation around 1.3000 and weekly close just below the figure. Fresh strength through 1.3000, also daily Ichimoku cloud top and 1.3020/25, previous highs / Fib 76.4%, opens way towards trendline resistance at 1.3082 and psychological 1.3100 barrier. 10-day EMA at 1.3020 offers initial support, ahead of more significant 1.3000, while any deeper dips should be contained at 1.2970/60, higher platform / 50% of 1.2879/1.3046, to keep immediate bulls intact. Conversely, violation of 1.2960/40 support zone, would delay bulls in favor of stronger retracement towards 1.2920/00, next support area.

Res: 1.3046, 1.3050, 1.3082, 1.3100
Sup: 1.3020, 1.3000, 1.2981, 1.2968

GBP/USD

Cable remains congested under strong 1.6050 barrier, following last Friday’s unsuccessful attempt to break higher. Near-term price action is entrenched within 1.6060 and 1.5960 range, as bulls run out of steam and indicators hold neutral tone. Upside break to open 1.6100, while penetration of 1.6000/1.5990 supports, would risk test of range floor and possibly open way for fresh weakness towards 1.5900.

Res: 1.6046, 1.6060, 1.6067, 1.6092
Sup: 1.6026, 1.6000, 1.5990, 1.5960

USD/JPY

The pair lacked momentum for full reversal of 82.83/81.68 descend, as rally from 81.68 stalled at 82.74 and subsequent corrective action is under way. Weekly close above 82.00 keeps bullish structure intact for possible attempt at psychological 83.00 level, with 82.00 expected to contain. Only violation of 81.68 support would sideline bulls and allow for stronger corrective action towards 81.40, Fib 38.2% of 79.06/82.83 and 81.00, round figure support.

Res: 82.50, 82.74, 82.83, 83.00
Sup: 82.20, 82.00, 81.90, 81.68

USD/CHF

The pair continues to trend lower, with series of loser lows, keeping focus at key near-term support and larger consolidation range floor at 0.9213. With fresh low being posted overnight and upside capped by descending 20 day EMA at 0.9260, bears remain fully in play. Negative studies on 1 and 4h chart support the notion. Only break above 0.9300, daily Ichimoku cloud base / Fib 61.8% of 0.9339/0.9242, would avert immediate downside risk.

Res: 0.9261, 0.9279, 0.9290, 0.9300
Sup: 0.9242, 0.9213, 0.9200, 0.9193

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD

The Euro continues its rally after consolidation around 1.3000 and weekly close just below the figure. Fresh strength through 1.3000, also daily Ichimoku cloud top and 1.3020/25, previous highs / Fib 76.4%, opens way towards trendline resistance at 1.3082 and psychological 1.3100 barrier. 10-day EMA at 1.3020 offers initial support, ahead of more significant 1.3000, while any deeper dips should be contained at 1.2970/60, higher platform / 50% of 1.2879/1.3046, to keep immediate bulls intact. Conversely, violation of 1.2960/40 support zone, would delay bulls in favor of stronger retracement towards 1.2920/00, next support area.

Res: 1.3046, 1.3050, 1.3082, 1.3100
Sup: 1.3020, 1.3000, 1.2981, 1.2968

GBP/USD

Cable remains congested under strong 1.6050 barrier, following last Friday’s unsuccessful attempt to break higher. Near-term price action is entrenched within 1.6060 and 1.5960 range, as bulls run out of steam and indicators hold neutral tone. Upside break to open 1.6100, while penetration of 1.6000/1.5990 supports, would risk test of range floor and possibly open way for fresh weakness towards 1.5900.

Res: 1.6046, 1.6060, 1.6067, 1.6092
Sup: 1.6026, 1.6000, 1.5990, 1.5960

USD/JPY

The pair lacked momentum for full reversal of 82.83/81.68 descend, as rally from 81.68 stalled at 82.74 and subsequent corrective action is under way. Weekly close above 82.00 keeps bullish structure intact for possible attempt at psychological 83.00 level, with 82.00 expected to contain. Only violation of 81.68 support would sideline bulls and allow for stronger corrective action towards 81.40, Fib 38.2% of 79.06/82.83 and 81.00, round figure support.

Res: 82.50, 82.74, 82.83, 83.00
Sup: 82.20, 82.00, 81.90, 81.68

USD/CHF

The pair continues to trend lower, with series of loser lows, keeping focus at key near-term support and larger consolidation range floor at 0.9213. With fresh low being posted overnight and upside capped by descending 20 day EMA at 0.9260, bears remain fully in play. Negative studies on 1 and 4h chart support the notion. Only break above 0.9300, daily Ichimoku cloud base / Fib 61.8% of 0.9339/0.9242, would avert immediate downside risk.

Res: 0.9261, 0.9279, 0.9290, 0.9300
Sup: 0.9242, 0.9213, 0.9200, 0.9193

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD

The single currency trades in a consolidative mode, after posting fresh high at 1.3074 yesterday. With previous high at 1.3046, protecting the downside along with ascending 20 day EMA and yesterday’s close above the latter, scope exists for attempt at initial 1.3100 target, clearance of which to open way towards key barriers at 1.3138 and 1.3170. However, further consolidative / corrective action cannot be ruled out, as 4h indicators are near overbought zone and moving sideways. Psychological 1.3000 support, also Fib 38.2% of 1.2879/1.3074 upleg and daily Ichimoku cloud top, is expected to contain any stronger pullback.

Res: 1.3074, 1.3082, 1.3100, 1.3138
Sup: 1.3045, 1.3028, 1.3000, 1.2977

GBP/USD

The pair maintains positive sentiment that emerged on yesterday’s break above 1.6050 congestion top and cracked initial target at 1.6100, spiking to 1.6114 so far. Shallow correction that was contained by 20 day EMA at 1.6085, keeps bulls in play for final push towards 1.6174/78 Oct / Now double-top, with interim barriers at 1.6124, Fib 61.8% of 1.6308/1.5826 and 1.6140, 26 Oct high. Overnight’s lows at 1.6085, offer immediate support, ahead of more significant 1.6050, previous resistance, reinforced by ascending 55 day EMA.

Res: 1.6114, 1.6140, 1.6174, 1.6178
Sup: 1.6085, 1.6060, 1.6050, 1.6026

USD/JPY

The pair comes under increased pressure, following upside rejection at 82.36, with fresh weakness attempting below 82.00 handle. Hourly studies remain negative, with 4h ones breaking into the negative territory. This increases risk of further weakness and test key near-term support and range floor at 81.68, 28 Nov low. Break here is seen as a trigger for stronger corrective action towards 81.40/00, Fibonacci support, also as confirmation of near-term double-top formation that would put near-term bulls on hold. Only bounce through yesterday’s intraday high at 82.36, would avert immediate downside risk.

Res: 82.00, 82.15, 82.36, 82.50
Sup: 81.68, 81.58, 81.39, 81.00

USD/CHF

The pair enters near-term consolidative phase, just above fresh low at 0.9239 and key support and near-term target at 0.9213. With hourly studies gaining traction, further sideways movements are likely, however, weak 4h structure and upside being limited by descending 20 day EMA at 0.9260 zone, does not leave much room for any significant corrective action.

Res: 0.9269, 0.9279, 0.9290, 0.9300
Sup: 0.9250, 0.9239, 0.9213, 0.9200