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![]() ![]() | Windsor Brokers - Short Term Technical Analysis for Majors Remains in a near-term consolidative mode, entrenched within 1.3421/1.3550 range. The recent losses have been contained at 1.3421, just above strong support at 1.3407, weekly Ichimoku cloud base. Regain of 1.3500 handle extends gains towards initial barrier at 1.3550, break of which is required to signal near-term double bottom and open way for stronger recovery, with 1.3570, Fib 38.2% of 1.3810/1.3421 downleg and 1.3607, 01 Nov low, seen on a break. Improving hourly studies support the near-term price action. Res: 1.3550, 1.3570, 1.3607, 1.3655 Sup: 1.3435, 1.3421, 1.3407, 1.3360 ![]() GBP/USD Near-term recovery attempt from 1.5690, today’s fresh 3-weeks low, approaches initial resistance at 1.5800/20 zone, daily 55 day SMA / yesterday’s high / 4-hour 20 day SMA, after gains left higher low at 1.5720. Break above 1.5820 is required to signal near-term basing attempt and allow for stronger correction towards next array of strong barriers at 1.5850/90 zone. Hourly conditions are gaining momentum, with MACD attempting to break above the centerline. Wider picture’s outlook, however, remains firmly in the negative territory and suggests further weakness after current corrective phase. Res: 1.5800, 1.5814, 1.5820, 1.5850 Sup: 1.5763, 1.5720, 1.5700, 1.5690 ![]() USD/JPY Remains in short-term range trade, limited within narrow daily 55 and 90 day SMA’s at 76.80 and 77.15. Hourly studies are flat, suggesting further sideways movements, while daily indicators are breaking below midlines and maintaining broader negative tone. Break below near-term extreme point at 76.80 is required to trigger fresh decline at expose 76.50/30 next, while upside remains capped at 77.15 and only break here to signal stronger recovery and expose 77.50, 15 Nov spike high. Res: 77.00, 77.15, 77.50, 77.72 Sup: 76.90, 76.80, 76.50, 76.30 ![]() USD/CHF The recent series of higher highs, suggests further upside extension of the latest bull leg from 0.8950 higher. Focus remains at key barriers at 0.9313/38, 06 Oct /27 Mar highs, while corrective dips should be contained above 0.9140, strong support zone, to keep immediate bullish structure intact. Otherwise, deeper correction into 0.9120, Fib 38.2% / 15 Nov intraday low and 0.9100 zone, Fib 50%, would be the likely scenario, before bulls reassert, as the wider picture remains positive. Res: 0.9200, 0.9234, 0.9250, 0.9278 Sup: 0.9150, 0.9140, 0.9124, 0.9100 | ||
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![]() ![]() | Windsor Brokers - Short Term Technical Analysis for Majors (07:45 GMT) Near-term price action runs out of steam, as renewed attempt through 1.3051, yesterday’s high, failed to sustain gains and test next barrier at 1.3075. Subsequent pullback broke below initial support at 1.2984, extending losses to test 20 day SMA at 1.2953 so far. MACD bearish divergence on 4H chart signaled weakness, with hourly studies already in the negative field. Further weakness would risk test of critical support at 1.2875, 13 Jan high / 23 Jan low, with potential break lower, to possibly signal an end of short-term recovery phase. Reversal above 1.2900/1.2875, however, would keep short-term bulls in play, but regain of the territory above 1.30 is required to confirm and re-focus 1.3061, today’s fresh high. Res: 1.2984, 1.3000, 1.3026, 1.3050 Sup: 1.2950, 1.2917, 1.2900, 1.2875 ![]() GBP/USD Regained strength after corrective pullback from yesterday’s high at 1.5600, found footstep at 1.5532, ahead of strong support zone at 1.5515/0, but fresh rally so far stays under 1.5600, break of which is required to resume short-term uptrend towards strong resistance at 1.5670 zone, highs of 03/04 Jan / 90 day SMA / main bear trendline, drawn off 1.6617 peak. Hourly studies are emerging above their centerlines, while 4H is losing momentum that may risk further consolidation, ahead of fresh attempt higher. Initial static/dynamic support lies at 1.5535, today’s low / 20 day SMA, with break here to risk test of key short-term levels at 1.5515/00. Res: 1.5593, 1.5600, 1.5668, 1.5678 Sup: 1.5565, 1.5532, 1.5515, 1.5500 ![]() USD/JPY Surges through initial barrier at 77.20/32, 90 day SMA / previous highs, also daily Ichimoku cloud at 77.54, to break above long-term bear-trendline drawn off 124.14, 01 June 2007 high at 77.72, en-route to psychological barrier at 78.00. Break here to open key med-term resistance zone at 78.20/30, Nov-Dec range ceiling. Positive near-term studies support the rally, however, overextended hourly conditions warn of corrective pullback. Previous strong resistance at 77.30 now acts as initial support. Res: 78.00, 78.21, 78.27, 78.40 Sup: 77.55, 77.32, 77.00, 76.85 ![]() USD/CHF Corrects the recent heavy losses that found temporary support at 0.9230 zone, with regain of initial barrier at 0.9300, looking for further retracement of 0.9573/0.9233 fall. Dynamic resistance at 0.9320, 20 day SMA, comes first, ahead of next significant barrier at 0.9376, yesterday’s high that is expected to limit the upside for now, as short-term studies remain in the negative field. Below 0.9233 to open Fibonacci level at 0.9200, possibly 0.9170, 90 day SMA, while only regain of 0.9376/0.9400 averts downside risk. Res: 0.9323, 0.9376, 0.9400, 0.9445 Sup: 0.9259, 0.9233, 0.9200, 0.9170 | ||
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