Short Term Technical Analysis for Majors (07:00 GMT)

[WindsorBrokers]

EURUSD

The Euro holds overall negative tone and posted marginally lower low at 1.3177, levels last time seen one year ago, with near-term price action trading in consolidative mode, around 1.32 level. Oversold 4-hour and daily studies suggest more significant corrective action in the near-term, as hourly indicators are heading north. The pair attempts to fill Monday’s gap, the first step which will signal recovery under way, ahead of previous low at 1.3240 and 1.3266, Fibonacci 38.2% of 1.3410/1.3177 descend, break of which to open key near-term barrier and breakpoint at 1.3295, lower top of 22 Aug and psychological 1.33 resistance, reinforced by daily Tenkan-sen line. Break here is required to confirm near-term base and put bears on hold for stronger recovery. Otherwise, lower top formation and fresh weakness would keep larger bears intact for extension towards next targets at 1.3103, Sep 2013 higher low and 1.3022, Fibonacci 138.2% expansion of the wave from 1.3699.

Res: 1.3220; 1.3240; 1.3266; 1.3300
Sup: 1.3177; 1.3150; 1.3103; 1.3050

GBPUSD

Cable attempts to stabilize after bounce from fresh low at 1.6534 returned to near-term congestion tops and strong resistance at 1.66 zone. Slight improvement of hourly studies keeps fresh attempts higher in play, as 4-hour indicators are heading off oversold zone. However, more significant recovery requires break above 200SMA at 1.6680 and 18 Aug lower top at 1.6736, to offset larger bears. Otherwise, preferred scenario would be lower top formation and fresh weakness towards targets at 1.6500, round figure support and 1.6464, 24 Mar low.

Res: 1.6600; 1.6622; 1.6651; 1.6677
Sup: 1.6564; 1.6534; 1.6500; 1.6464

USDJPY

The pair maintains overall bullish tone, as fresh bulls cracked key 104.11, 04 Apr peak, the last obstacle on the way to 105.43, 02 Jan peak. Corrective action is under way, with pullback probing below initial 104 support, ahead of fresh attempt higher. Extended pullback to face supports art 103.50, 22 Aug low and 103.20, Fibonacci 38.2% of 101.49/104.26 upleg.
Ideally, reversal should be contained here and should not extend below 103 zone, previous peaks and Fibonacci 38.2% retracement of 101.07/104.26 upleg, to keep bulls intact.

Res: 104.10; 104.26; 104.50; 104.83
Sup: 103.50; 103.20; 103.07; 102.70

AUDUSD

The pair trades in near-term corrective mode off fresh low at 0.9237, after pullback off 0.9342 retested 0.9237 support. Near-term tone is neutral and sideways trading is expected to continue, while 0.9342 top caps. Break here to signal double-bottom formation on 4-hour chart and stronger rally, which requires break above pivotal 0.9372, 06 Aug lower top, to confirm the scenario. Conversely, slide below 0.9270 higher low to weaken immediate structure and risk return to 0.9237 low.

Res: 0.9300; 0.9327; 0.9342; 0.9372
Sup: 0.9285; 0.9270; 0.9237; 0.9200

 

[WindsorBrokers]

EURUSD

The Euro returned to weakness after fresh acceleration lower ended near-term consolidative phase between 1.3150 and 1.3220 limits. Fresh attempts lower target immediate support at 1.31, psychological support and low of September 2013, below which opens double-Fibonacci support at 1.3020 zone, 50% retracement of 1.2042/1.3992 ascend and 138.2% expansion of the wave from 1.3699. Near-term bears continue to favor further downside, with corrective rallies on oversold conditions, expected to interrupt and to be ideally capped under 1.32 barrier. Overextended daily studies, however, warn of more significant corrective action, which requires sustained break above near-term congestion tops at 1.3220 to be confirmed.

Res: 1.3133; 1.3150; 1.3194; 1.3220
Sup: 1.3117; 1.3103; 1.3050; 1.3020

GBPUSD

Cable near-term studies are regaining traction, as bounce off 1.6534 low attempts to sustain break above 1.66 barrier. Rallies were so far capped by descending 4-hour 55SMA at 1.6610, with break here, required to confirm basing attempt and bring bulls fully in play for push towards pivotal 1.6677/, 20 Aug lower top / 20/200SMA death cross and possible extension to the key near-term barrier at 1.6735 lower platform. However, overall negative tone sees current movements as corrective action and failure to clear 1.6735 barrier, would keep in play scenario of lower top formation and subsequent fresh weakness.

Res: 1.6651; 1.6677; 1.6685; 1.6735
Sup: 1.6585; 1.6560; 1.6534; 1.6500

USDJPY

The pair remains in near-term corrective phase, off fresh high at 104.26, posted on 25 Aug, after fresh bulls cracked key 104.11, 04 Apr peak, the last obstacle en-route to 105.43, 02 Jan peak. Corrective easing found support at 103.50, 22 Aug low, ahead of fresh attempt through 104 barrier. This keeps near-term bulls in play for eventual push through 104.26, 25 Aug fresh high, to resume larger bulls towards psychological 105 barrier and key resistance at 105.43, 02 Jan peak. Today’s gap-higher open, confirms bullish stance, with corrective easing, expected to be ideally contained at 104.00/103.80 zone.

Res: 104.20; 104.26; 104.50; 105.00
Sup: 104.00; 103.80; 103.50; 103.20

AUDUSD

Near-term bulls remain in play, as the pair tested pivotal 0.9372 barrier, lower top of 06 Aug and 50% of 0.9503/0.9237 descend. Consolidative phase so far found support at 0.9320, Fibonacci 38.2% of 0.9237/0.9372, keeping immediate focus at the upside. Break above 0.9372 is required to confirm base at 0.9237 for more significant correction of 0.9503/0.9237 descend, with 0.94 psychological barrier / 61.8% retracement and 0.9415 lower top, seen as immediate targets. Otherwise, prolonged sideways trade could be expected in the near-term, in case of failure to break 0.9372 barrier, with bearish tone to be established in case of loss of 0.93 support.

Res: 0.9361; 0.9372; 0.9400; 0.9440
Sup: 0.9320; 0.9300; 0.9288; 0.9268

 

[WindsorBrokers]

EURUSD

The Euro remains weak and ticked lower, after brief corrective attempt off 1.3117 was capped at 1.3144. The pair eyes immediate target at 1.31, however, yesterday’s Doji candle may signal further consolidation ahead of 1.31 support, as daily studies are overextended, but no reversal signal being generated yet. Yesterday’s corrective high at 1.3144 offers initial resistance, along with 1.3155 zone, previous lows and Fibonacci 38.2% of 1.3219/1.3113 downleg, where corrective rallies should find good resistance, before fresh push lower. Conversely, extension through pivotal 1.3200/19 barriers would signal stronger recovery and sideline immediate bears.

Res: 1.3144; 1.3155; 1.3194; 1.3220
Sup: 1.3113; 1.3103; 1.3050; 1.3020

GBPUSD

Near-term studies are losing initial strength, regained on a bounce off 1.6534, as the pair failed to sustain gains above the first breakpoint at 1.66 zone, as fresh weakness followed the price’s stall at 1.6642. Extension below 1.66 handle, weakens near-term structure and risks return to 1.6534 base, as reversal retraced so far over 76.4% of 1.6534/1.6642 ascend, in case near-term price action took out the last support at 1.6560. Underlying bearish tone favors fresh resumption of larger downtrend, as 20/200SMA death cross maintains the pressure. Extension below 1.6534 to open 1.6500 and higher low at 1.6464 next.

Res: 1.6587; 1.6613; 1.6642; 1.6677
Sup: 1.6542; 1.6534; 1.6500; 1.6464

USDJPY

The pair accelerated higher, after clearing near-term top at 104.26, rallying towards psychological 105 and key short-term barrier at 105.43, 02 Jan peak. Overall bullish structure favors attempts through 105.43 and resumption of multi-year uptrend, which was interrupted by 105.43/100.74 corrective phase. However, overbought conditions on all timeframes may cause hesitation ahead of 105.43 barrier. Former resistances at 104.26/00 zone, offer initial supports.

Res: 105.00; 105.43; 105.57; 106.00
Sup: 104.26; 104.00; 103.80; 103.50

AUDUSD

The pair lost traction and slumped below 0.93 support, after recovery attempts failed to clear pivotal 0.9372 barrier and subsequent weakness accelerated after losing important 0.9320 support and previous consolidation floor. Retracement of over 61.8% of 0.9236/0.9372 upleg, has weakened near-term structure, near-term indicators are in the negative territory. Corrective action on oversold hourlies is expected to precede fresh weakness towards higher low at 0.9268, with return to 0.9236 base, seen on extension. Alternative scenario requires lift above lower top at 0.9350, to bring bulls back in play for renewed attempts at 0.9372 barrier.

Res: 0.9300; 0.9322; 0.9350; 0.9361
Sup: 0.9282; 0.9268; 0.9236; 0.9200

 

[WindsorBrokers]

EURUSD

The Euro is near-term corrective mode after fresh bears broke below 1.2930, 1.2660/ 1.2754 bull-trendline and extended under 1.29 handle, to reach fresh low at 1.2858. Recovery action was supported by yesterday’s positive close, however, no significant upside action would be expected, as long as 1.2987, yesterday’s high and psychological 1.30 barrier stay intact. Hourly studies gained traction, while 4-hour structure remains weak, along with overall negative picture, which keeps focus at 1.2786, Fibonacci 61.8% retracement of 2012/2014 1.2042/1.3992 ascend and 1.2750 zone, Mar/July 2013 lows, higher platform.

Res: 1.2977; 1.2987; 1.3000; 1.3044
Sup: 1.2858; 1.2800; 1.2786; 1.2750

GBPUSD

Cable consolidates recent losses and shows near-term basing attempt at fresh lows, just ahead of psychological 1.6000 support. Upside heading near-term indicators are supportive for stronger corrective action, which was signaled by oversold daily conditions and yesterday’s Doji candle. Confirmation of such scenario requires today’s positive close. Initial resistance lies at 1.6185, 08 Sep intraday high, ahead of more significant 1.6230, week’s high, clearance of which to accelerate attempts of Monday’s gap filling and regain of pivotal 1.6330 lower top. Otherwise, narrow consolidation would be expected to precede eventual attack at 1.60 support.

Res: 1.6185; 1.6230; 1.6280; 1.6300
Sup: 1.6057; 1.6000; 1.5967; 1.5900

USDJPY

The pair remains well supported and continues to trend higher, with near-term price action establishing above 106 handle. Fresh gains post new 4-year highs, with upside targets at 107.20, Fibonacci 138.2% projection of the upleg from 100.81 and 108.28, Fibonacci 161.8% projection. Further gains are expected to open Sep 2008 high at 109.10, and lower top at 110.66, posted in Aug 2008. Initial supports lay at 106.00 and 105.70, where dips should ideally find footstep. Otherwise deeper pullback is expected to threaten 105.40, Fibonacci 61.8% of 104.67/106.55 and psychological 105 support, in extension.

Res: 105.70; 106.00; 106.20; 106.50
Sup: 106.00; 105.70; 105.00; 104.70

AUDUSD

Near-term structure remains bearish, with increased pressure eventually pushing the price through near-term bases at 0.9237 and 0.9200, as well as 0.9180, Fibonacci 38.2% retracement of 0.8658/ 0.9503 ascend/200SMA. This confirms an end of short-term congestion and further reversal off 0.9503 peak. The price is now looking for extension towards 0.9100, round-figure support and 0.9080, 50% retracement, ahead of 0.9050, weekly Ichimoku cloud base. Overall bearish structure supports the notion, with corrective attempts to face 200SMa as initial resistance, ahead of former bases at 0.92 and 0.9237.

Res: 0.9180; 0.9200; 0.9217; 0.9237
Sup: 0.9100; 0.9080; 0.9050; 0.9000

 

[WindsorBrokers]

EURUSD

The Euro trades in near-term consolidative phase above fresh low at 1.2858, with hourly tone being in neutral mode, while overall sentiment remains negative. Yesterday’s corrective attempt rejection at 1.2962, under last Friday’s 1.2987 corrective low, shows the upside attempts limited for now and downside at risk, as yesterday’s trade ended in red. Near-term targets remain at 1.2786, Fibonacci 61.8% retracement of 2012/2014 1.2042/1.3992 ascend and 1.2750 zone, Mar/July 2013 lows, higher platform, once bears retake full control and resume larger downtrend off 1.3992, 08 May peak.

Res: 1.2962; 1.2987; 1.3000; 1.3044
Sup: 1.2882; 1.2858; 1.2800; 1.2786

GBPUSD

Cable ticked higher and made positive close yesterday, as corrective attempt off fresh low at 1.6050, so far tested initial 1.6230 barrier. This supports the notion of further corrective action, which was signaled by Doji, two days ago. However, overall bearish tone sees scope for fresh leg lower, once the pair completes corrective phase. Extended correction could move through 1.63 barrier, in case of violation of the next hurdle at 1.6278, last Friday’s low and Fibonacci 38.2% of 1.6642/1.6050 descend, with upside ticks expected to hold below 1.6416, Fibonacci 61.8% retracement.

Res: 1.6230; 1.6278; 1.6300; 1.6338
Sup: 1.6155; 1.6123; 1.6050; 1.6000

USDJPY

The pair continues to trend higher, with fresh bullish extension, cracking psychological 107 barrier, ahead of the immediate target at 107.20, Fibonacci 138.2% projection of the upleg from 100.81. The pair is looking for extension towards 108/110 zone in the near-term, with corrective pullbacks expected to interrupt rallies. Initial supports lay at 106.50 and 106.00, hourly higher base, which is expected to ideally contain dips.

Res: 107.20; 107.50; 108.00; 108.30
Sup: 106.50; 106.00; 105.70; 105.00

AUDUSD

The pair maintains bearish tone, as fresh acceleration through strong supports at 0.9237/00, posted fresh low at 0.9111. Yesterday’s close in red and below 200SMA, supports further descend, with corrective attempts, being capped at 0.9216. Weak near-term technicals favor retest of 0.9111, below which to open immediate targets at 0.9100, round-figure support and 0.9080, 50% retracement, ahead of 0.9050, weekly Ichimoku cloud base.

Res: 0.9200; 0.9216; 0.9237; 0.9260
Sup: 0.9141; 0.9111; 0.9100; 0.9080

 

[WindsorBrokers]

EURUSD

Near-term tone is positively aligned and sees the upside targets at 1.3000/1.3040 zone, round figure / 50%/61.8% retracement of 1.3153/1.2858 downleg in focus, as the price ticked higher, approaching initial 1.30 barrier. These levels are seen as turning points and sustained break would signal stronger recovery action in the near-term. Broken-bull-trendline off Nov 2012 low, now offer support and would keep afloat bulls, developing on lower timeframes charts. On the other side, overall picture remains negative, with downside risk towards 1.2786/50 targets, expected to remain in play, as long as 1.3153 lower top and breakpoint stays intact.

Res: 1.2977; 1.2993; 1.3000; 1.3040
Sup: 1.2930; 1.2900; 1.2882; 1.2858

GBPUSD

Cable regained strength in near-term action off 1.6159, yesterday’s correction low and cracked important 1.63 barrier. Bulls are coming in play on lower timeframes, which supports attempts through 1.63 hurdle, clear break of which is required to resume recovery rally off 1.6050, low of 10 Sep. However extension above 1.6340 is needed to fill the gap of 08 Sep and confirm recovery action, which will also neutralize bearish engulfing pattern, developing on the daily chart, which requires extension below yesterday’s low at 1.6159, to confirm reversal.

Res: 1.6309; 1.6338; 1.6416; 1.6463
Sup: 1.6247; 1.6210; 1.6184; 1.6159

USDJPY

The pair remains positive and regains levels above 107, with near-term price action continuing to move in consolidative mode, off fresh high at 107.38. This keeps immediate focus at the initial target at 107.50, to signal an end of consolidative phase and open 108.28, Fibonacci 161.8% projection of the upleg from 100.81. Extended dips, are expected to hold above 106.50/35 support zone, to keep bulls intact, as the pair is looking for extension towards 108/110 zone in the near term.

Res: 107.38; 107.50; 108.00; 108.28
Sup: 106.79; 106.50; 106.35; 106.00

AUDUSD

The pair holds overall negative tone, with near-term corrective action off fresh low at 0.8982, accelerating after clearance of initial 0.9050 barrier. Hourly studies improved on a probe above 0.91 barrier and see room for further recovery action, as the rally cracked pivotal 0.9100/26, 50%/61.8% retracement of 0.9216/0.8982 zone. Sustained break above the latter to confirm hourly double-bottom formation, revive bulls on still weak 4-hour studies and spark further recovery, which would expose 200SMA at 0.9181. Alternatively, false break through 0.91 barrier, would re-focus 0.9050, now acting as support and risk return to the lows below 0.90 handle.

Res: 0.9110; 0.9126; 0.9160; 0.9181
Sup: 0.9059; 0.9050; 0.9000; 0.8980

 

[WindsorBrokers]

EURUSD

The Euro accelerated lower post Fed and erased gains of corrective 1.2858.1.2993 rally, with lower top left at 1.2993. This confirms 1.30 zone as strong barrier, as break below previous low at 1.2858, shifts focus towards 1.2800, round-figure support and short-term targets at 1.2786, Fibonacci 61.8% retracement of 1.2042/1.3992 and 1.2750 higher base. Near-term technicals turned bearish and support the notion, with corrective attempts off fresh session lows, ideally to be capped at 1.29 zone, near 50% of 1.2978/1.2832 downleg.

Res: 1.2888; 1.2900; 1.2920; 1.2942
Sup: 1.2852; 1.2832; 1.2800; 1.2786

GBPUSD

Cable remains steady and returns to 1.63 zone, which was broken on yesterday’s extension to 1.6356. Subsequent corrective action found support at 1.6245, to signal an end of corrective action and fresh attempt higher, which would look for clearance of 1.6380, daily 20SMA and levels above 1.64 barrier, Fibonacci 61.8% of 1.6642/1.6050, to confirm recovery. Near-term studies hold positive tone and support scenario, however, negative larger picture technicals and yesterday’s Doji candle, require caution, as failure to regain fresh highs and weakness which would violate 1.6245 support, would signal an end of corrective phase and shift near-term focus lower.

Res: 1.6356; 1.6380; 1.6416; 1.6464
Sup: 1.6245; 1.6200; 1.6159; 1.6100

USDJPY

The pair resumes larger rally after completing near–term consolidation phase, with fresh strength of the dollar, establishing the price above 108 level. Fresh bulls are approaching initial 109 barrier, ahead of next levels at 109.50 and psychological 110.00, en-route towards 110.66, Aug 2008 peak. Overbought near-term studies suggest corrective action ahead of fresh rally. Higher lows at 107 zone, should ideally contain pullbacks.

Res: 108.85; 109.00; 109.50; 110.00
Sup: 108.36; 108.00; 107.58; 107.28

AUDUSD

The pair’s hourly structure returned to bearish mode, after recovery rejection at 0.9110 and fresh weakness, which again took out psychological 0.9000 support. With 4-hour and daily studies maintaining negative tone and yesterday’s long red candle, focus remains firmly lower. Fresh leg lower, which commenced from 0.9110 lower top, could travel to 0.8848, its Fibonacci 61.8% expansion, initially, with extension to 0.8682, 100% expansion, to signal possible full retracement of 0.8658/0.9503 ascend.

Res: 0.9000; 0.9020; 0.9045; 0.9082
Sup: 0.8937; 0.8900; 0.8848; 0.8800

 

[WindsorBrokers]

EURUSD

The Euro bounced off 1.2600 zone, low of the last week, where pullback from 1.2790 peak found temporary support. Rally reached 1.27 resistance area and 50% retracement of 1.2790/1.2603 downleg so far, with sustained break here and 1.2720/30, Fibonacci 61.8% / daily 20SMA, required to resume recovery towards 1.2790, recovery peak of 09 Oct and 1.2800, Fibonacci 61.8% retracement of larger 1.2993/1.2499 descend. Last Friday’s close in red, sees the downside at risk, as positive weekly close suggests basing attempt, but long upper wick of last week’s candle warns of existing selling pressure. Regain and close above 1.28 resistance zone is required to mark higher low at 1.2603 and signal resumption of near-term recovery from 1.2499, 03 Oct low. Otherwise, increased downside risk will be in play, while the price holds below initial 1.27 barrier.

Res: 1.2695; 1.2720; 1.2790; 1.2800
Sup: 1.2660; 1.2645; 1.2632; 1.2603

GBPUSD

Cable maintains overall negative tone, with last Friday’s close in red, supporting the notion. On the other side, near-term studies are showing signs of improvement, after the price bounced off last week’s low at 1.6000. Regain of levels above 1.61 barrier, requires break above 1.6130 lower platform, to improve 4-hour picture and move indicators from neutrality zone, as hourly studies turned positive. Break higher to signal fresh strength, signaled by positive weekly close and shift focus towards breakpoints at 1.6212/25, daily 20SMA / recovery peak of 09 Oct, with sustained break here to resume recovery attempt off 1.5950, 03 Oct low. Failure to clear initial 1.6130 barrier, would signal prolonged consolidative action, with revived downside risk in play.

Res: 1.6130; 1.6142; 1.6173; 1.6200
Sup: 1.6080; 1.6052; 1.6030; 1.6000

USDJPY

The pair remains under pressure and extended fresh weakness to the upper boundary of strong 107.00/106.80 support zone, round figure support / 16 Sep low. Daily and weekly close in red, signal further weakness and extension of pullback from 110.07, peak of 01 Oct, as near-term studies are negative. Extension below 107.00/106.80 support zone to open immediate support at 106.64, Fibonacci 38.2% retracement of 101.07/110.07 ascend, ahead of next significant support at 105.57, 50% retracement / daily 55SMA. Corrective rallies should be ideally capped at 108.15, Fibonacci 38.2% of 109.89/107.04 downleg and former consolidation range tops, in order to keep bears intact.

Res: 107.51; 108.15; 108.47; 108.73
Sup: 107.00; 106.80; 106.64; 106.00

AUDUSD

Near-term studies remain weak, as the price action moves just above consolidation range floor at 0.8641, following pullback from last week’s recovery rejection at 0.8896. Last Friday’s close in red, maintains negative tone, with, weekly candle’s long upper wick, showing strong selling pressure. Eventual break below 0.8641, to signal fresh extension of larger downtrend from 1.1079, July 2011 peak, towards 0.8543, 50% retracement of 0.6007/1.1079 ascend. On the other side, prolonged consolidative action could be expected on upside extension above corrective high and session’s high at 0.8748, which also marks Fibonacci 38.2% retracement of 0.8896/0.8650 downleg and is reinforced by descending hourly 55SMA. Only break above 0.8896 would neutralize bears.

Res: 0.8748; 0.8783; 0.8800; 0.8832
Sup: 0.8650; 0.8641; 0.8600; 0.8543

 

[WindsorBrokers]

EURUSD

The Euro came under increased pressure, with yesterday’s acceleration lower, erasing most of gains from 1.2603 low to 1.2765, where rally stalled, short of key 1.2790 peak. Negative tone has established on hourly studies and keeps focus at the floor of larger range at 1.2603. With 4-hour indicators turning lower, immediate risk is seen on a break below 1.26 handle, also near Fibonacci 61.8% retracement of 1.2499/1.2790 upleg, which would confirm failure swing formation and look for further retracement of 1.2499/1.2790 corrective rally. Yesterday’s close in red and below daily 20SMA, supports near-term negative stance, which requires clear break below 1.2603 support, to confirm an end of near-term directionless mode and bring bears fully in play. Strong support lies at 1.2603, loss of which to open 1.2567, low of 30 Sep and Fibonacci 76.4% retracement of 1.2499/1.2790 rally, the last significant obstacle towards key near-term support at 1.2599, 03 Oct low.

Res: 1.2678; 1.2700; 1.2730; 1.2766
Sup: 1.2610; 1.2603; 1.2567; 1.2499

GBPUSD

Cable maintains negative tone and probes below psychological 1.59 support, where the downmove met its 100% Fibonacci expansion of the third wave from 1.6125 lower top. Yesterday’s close in long red candle and completion of 1.5950/1.6225 corrective rally, confirms bears are fully in play for further extension of the downtrend from 1.7189, 13 July peak. Sustained break below 1.59 handle to open 1.5853, Nov 2013 low, with the wave capable of travelling to 1.5823, its 138.2% Fibonacci expansion and double Fibonacci support at 1.5720, 161.8% expansion and 61.8% retracement of larger uptrend from 1.4812 to 1.7189. Previous lows at 1.5950 and 1.6000, offer initial resistances, with stronger rallies expected to be capped under 1.61 barrier, Fibonacci 61.8% of 1.6225/1.5875 downleg.

Res: 1.5950; 1.6000; 1.6050; 1.6100
Sup: 1.5875; 1.5853; 1.5823; 1.5800

USDJPY

The pair consolidates above fresh and marginally lower low at 106.65, posted yesterday, where descend met its 38.2% retracement of larger 101.07/110.07 ascend. Consolidative action is under way and faces the first resistance at 107.50 zone, while break above the significant barrier at 108 zone, also near Fibonacci 61.8% of 108.73/106.65 downleg, would sideline bears and signal basing attempt. Hourly studies turned positive, while yesterday’s positive close turned daily indicators towards the upside, which supports near-term action higher, with clearance of initial 107.50 barrier, required to signal stronger recovery and open 108.00/15 breakpoint zone.

Res: 107.56; 107.94; 108.15; 108.31
Sup: 107.00; 106.83; 106.65; 106.00

AUDUSD

The pair remains in directionless mode, with near-term price action being entrenched within 0.8641/0.8896 range. The tone of near-term studies is neutral and requires break of either side to establish fresh direction. On the other side, overall bearish trend sees current consolidation preceding fresh leg lower, as a part of larger downtrend from 2011 peak at 1.1079. Yesterday’s failure to sustain break above psychological 0.88 barrier, also Fibonacci 61.8% of 0.8896/0.8650 downleg, keeps the price action in the lower part of the range.

Res: 0.8785; 0.8812; 0.8832; 0.8896
Sup: 0.8700; 0.8673; 0.8650; 0.8641

GOLD

Spot Gold enters near-term corrective phase, after failing to regain initial 1240 barrier, above which Fibonacci 38.2% target at 1244 was expected to come in focus. Instead, the price probed below initial support at 1225, 13 Oct intraday low and 23.6% of 1182/1237 ascend. Near-term focus is shifted towards the downside and looks for extension to the next significant level at 1216, 10 Oct higher low / Fibonacci 38.2% of 1182/1237 ascend / daily 20SMA. Break below the latter would confirm lower top formation and risk further downside, as overall picture remains bearish. On the other side, positive tone still exists on 4-hour studies and would keep potential upside attempts in play, while 1216 support holds.

Res: 1230; 1237; 1240; 1244
Sup: 1220; 1216; 1210; 1204

 

[kartik]

How about Rs/USD comparisons

 

[WindsorBrokers]

EURUSD

The Euro maintains near-term positive sentiment off 1.2612 low, posted on 23 Oct. Yesterday’s acceleration higher, cracked initial barrier at 1.2750, but so far holds below broken bull-trendline from 1.2499 low, currently at 1.2780. Positive near-term studies favor further upside, as the pair stabilizes above psychological 1.27 support and attempts to build higher base at 1.2725 zone. Yesterday’s positive close above daily 20 SMA, supports the notion, as daily technicals are gaining bullish momentum and indicators are heading north. With positive technicals, fundamentals are expected to be main driver of the pair, as today’s Fed announcement is in focus. Key levels and break points remain unchanged, with sustained break above 1.2800/84, required to confirm extended correction off 1.2499, while weekly close below pivotal 1.2660, Nov 2012 low and loss of 1.2499, 03 Oct low, is required to signal resumption of larger downtrend.

Res: 1.2763; 1.2780; 1.2800; 1.2839
Sup: 1.2725; 1.2700; 1.2663; 1.2633

GBPUSD

Cable stabilizes above 1.61 handle, after yesterday’s acceleration higher peaked ticks away from pivotal 1.6182, high of 21 Oct and subsequent pullback found support at 1.6126, where near-term higher base is under formation. Bullish tone prevails on lower timeframes studies, which along with yesterday’s positive close and daily indicators heading higher, supports eventual attempt through 1.6182/1.6225 break points, to confirm resumption of short-term recovery rally from 1.5873, low of 15 Oct. Break higher to also complete inverted H&S pattern on daily chart, which is expected to trigger fresh bullish acceleration. Lows at 1.6126 offer initial support, along with psychological 1.61 support, with 1.6086/81, higher low of 28 Oct / 50% retracement of 1.5992/1.6180 upleg / daily Tenkan-sen line and daily 20SMA, should contain extended pullbacks, to keep near-term bulls in play.

Res: 1.6182; 1.6200; 1.6225; 1.6250
Sup: 1.6126; 1.6100; 1.6086; 1.6065

USDJPY

The pair trades in extended consolidative phase under fresh high at 108.34, where acceleration of the upleg from 106.23 was so far capped and the downside attempts being for now contained by daily Kijun-sen line at 107.60. Bulls which started to develop on a daily chart, are still lacking traction, with yesterday’s Inside Day close, seen as warning. Potential fresh upside action requires sustained break above 108.00/34 barriers, to confirm resumption of recovery rally from 105.18, as near-term technicals hold positive tone. Otherwise, downside risk will remain in play, with acceleration on a break below pivotal 107.60 consolidation floor and near Fibonacci 38.2% of 106.23/108.34, to signal lower platform formation and fresh weakness towards psychological 107 support, also Fibonacci 61.8% of 106.23/108.34 upleg.

Res: 108.21; 108.34; 108.73; 109.00
Sup: 108.00; 107.60; 107.29; 107.00

AUDUSD

Near-term structure remains positive, as the pair rallies higher and approaches pivotal 0.89 barrier, also short-term 0.8641/0.89 consolidative range top. Yesterday’s positive close signals fresh direction after Monday’s Doji, with daily RSI turning higher and above neutrality zone, while fresh bullish momentum is building up. Daily Tenkan-sen / Kijun-sen bullish cross at 0.8780, underpins the action. Near-term studies are bullish and support further action higher, however, overextended conditions signal possible hesitation on approach to 0.89 break point. Previous barriers at 0.8822/00, also Fibonacci 38.2% and 50% retracement of 0.8717/0.8880 upleg, should contain corrective dips.

Res: 0.8880; 0.8900; 0.8950; 0.9000
Sup: 0.8847; 0.8822; 0.8800; 0.8780

 

[WindsorBrokers]

EURUSD

The Euro bounces above 1.25 handle after posting fresh low at 1.2440, where temporary support was found. Overall negative tone and yesterday’s close below 1.25 level, suggest further downside after corrective action is completed, ideally under 1.2590/1.2600, 31.Oct lower top / 50% retracement of 1.2769/1.2440 downleg. On the other side, daily RSI / MACD bullish divergence signals possible stronger recovery action, which requires break above 1.2610/30 barriers, Fibonacci 38.2% of 1.2884/1.2440 descend / daily Tenkan-sen line and 30 Oct lower top, to be confirmed

Res: 1.2542; 1.2590; 1.2600; 1.2630
Sup: 1.2500; 1.2469; 1.2440; 1.2400

GBPUSD

The pair holds in near-term sideways mode, consolidating above psychological 1.59 support, which stays intact for now. Yesterday’s long-legged Doji, the third in a row, confirms near-term indecision, as the pair is still flirting with magnetic 1.60 level, also mid-point of larger 1.4812/1.7189 rally. Further consolidation is seen likely in the near-term, with breakout to signal fresh direction. Bears remain in play on larger timeframes and require clearance of temporary support at 1.5873, 15 Oct low, to resume larger descend from 1.7189. On the other side, fresh gains and close above 1.60 level, as well as lift above near-term range tops at 1.6035 zone, reinforced by 4-hour 55SMA and daily Tenkan-sen line/505 of 1.6180/1.5923, would be initial signal of higher base formation and stronger recovery.

Res: 1.6019; 1.6037; 1.6052; 1.6082
Sup: 1.5963; 1.5923; 1.5900; 1.5873

USDJPY

The pair remains well supported and extended strong rally through psychological 114 barrier, which peaked at 114.20 yesterday. Strong bullish tone of larger timeframes, keeps the upside favored, with Fibonacci 61.8% retracement of larger 147.68/75.55 descend at 120.26, coming in focus. While yesterday’s opening gap stays intact expect shallow correction before fresh push higher. Otherwise, slide below 112.30, last week’s closing level, would open way for stronger pullback, which would expose strong 110 support area.

Res: 114.00; 114.20; 114.50; 115.00
Sup: 113.26; 113.00; 112.50; 112.30

AUDUSD

The pair remains under pressure in the near-term, following weekly gap-lower opening and fresh weakness through 0.87 support zone, which extended to test short-term range floor at 0.8641. Prevailing bearish tone favors eventual break of one-month range and extension of downmove from 0.95 zone, year-to-date high. Conversely, bounce and close above yesterday’s high at 0.8760, would avert immediate downside risk and signal prolonged sideways trade.

Res: 0.8735; 0.8760; 0.8800; 0.8850
Sup: 0.8700; 0.8672; 0.8641; 0.8600

 

[WindsorBrokers]

EURUSD

The Euro’s extension of near-term corrective phase from fresh two-year low at 1.2440, with yesterday’s positive close, which occurred above 1.25 handle, was short-lived. The rally probed above 1.2565, 38.2% of 1.2769/1.2440 downleg, shy of the first breakpoints at 1.2600, round-figure / daily Tenkan-sen line and 1.2630, 30 Oct lower top, before pulling back. Return below 1.25 handle, neutralizes hopes of stronger rally, which was signaled by daily RSI / MACD bullish divergence and raises downside risk, which will be confirmed by sustained break and close below 1.25 level.

Res: 1.2500; 1.2529; 1.2565; 1.2576
Sup: 1.2469; 1.2440; 1.2400; 1.2350

GBPUSD


The pair lost traction on attempt to sustain break above 1.60 handle, failing for now to capitalize on yesterday’s positive close, after repeated Dojis. Return below 1.60 level weakens near-term structure, with focus shifting towards near-term range’s floor, as overall picture remains bearish. Daily close below 1.5923, low of 03 Nov, to confirm bearish resumption towards psychological 1.59 level and key support at 1.5873, low of 15 Oct. Conversely, fresh attempts above 1.60 barrier, require break and close above 1.6052/61, daily Tenkan-sen/Kijun-sen lines, to confirm break above near-term congestion and signal stronger recovery.

Res: 1.6000; 1.6020; 1.6037; 1.6052
Sup: 1.5923; 1.5900; 1.5873; 1.5850

USDJPY

The pair remains well supported and establishes above 114 handle, following yesterday’s pullback from 114.20, which was contained above psychological 113 support. Fresh bulls continue to move the price higher, despite overbought conditions on all timeframes, with extension above 115 barrier, expected to further accelerate gains. The pair focuses 118.00, Fibonacci 261.8% projection, ahead of more significant 120.26, Fibonacci 61.8% retracement of larger 147.68/75.55 descend, in the near-term, as bullish acceleration on a break above long-term bear-trendline, connecting 135.16 and 124.14, 2002/ 2007 peaks, sees scope for further retracement of multi-year 147.68/75.55 descend.

Res: 115.00; 115.48; 116.00; 116.50
Sup: 114.00; 113.50; 113.20; 113.00

AUDUSD

Near-term price action comes under pressure after upside attempts failed to extend gains and fill Monday’s opening gap, as rally stalled at week’s high at 0.8760. Return below 0.87 handle, brings downside risk towards short-term congestion lows at 0.8641 in play, for eventual break lower and resumption of larger downtrend. Overall bears favor scenario. Only return and break above session highs, would sideline immediate bears, while break and close above 0.88 barrier is required to shift near-term focus higher.

Res: 0.8700; 0.8730; 0.8760; 0.8775
Sup: 0.8676; 0.8641; 0.8600; 0.8543

 

[WindsorBrokers]

EURUSD

The Euro enters near-term sideways mode following an upside rejection at 1.2576 and subsequent easing, which ended in yesterday’s close in red, but so far not making stronger impact on near-term price action, as fresh low at 1.2440, stays intact for now. Fresh bounce above 1.25 handle, signals that immediate downside risk is on hold. However, near-term tone remains negative, which suggests further consolidation, before fresh attempt lower, as overall picture is bearish. Daily 10EMA, which so far capped rallies, offers good resistance at 1.2571, with potential break here, expected to open breakpoints 1.2600, daily Tenkan-sen line and 1.2630, lower top of 30 Oct. Only break of the latter would neutralize risk of retesting 1.2440 and resumption of larger downtrend on a break.

Res: 1.2528; 1.2576; 1.2600; 1.2630
Sup: 1.2493; 1.2470; 1.2456; 1.2440

GBPUSD

The pair returned to 1.60 zone, after spike lower, which cracked key 1.5873 support, proved to be false break. Yesterday’s red candle with long lower wick, signals further hesitation for sustained break below 1.5900, weekly cloud base and 1.5873, 15 Oct low as magnetic 1.60 level continues to attract. Overall tone remains negative, with hourly studies being in neutral mode. On the upside, range tops / daily Tenkan-sen line and 50% of 1.6180/1.5867 downleg at 1.6025, offer strong resistance, with break and close above, to avert immediate downside risk, as short-term price action has established within 1.5870/1.6180 range. Otherwise, fresh attempts lower and close below 1.5867, would signal an eventual resumption of the downtrend from 1.7189, July 2014 peak, for test of 1.5750, June 2013 high and 1.5720, Fibonacci 61.8% of 1.4812/1.7189 ascend.

Res: 1.6000; 1.6025; 1.6037; 1.6052
Sup: 1.5953; 1.5923; 1.5900; 1.5867

USDJPY

The pair remains bullish overall, with fresh rally above psychological 115 barrier, posting new seven-year high at 115.50. Subsequent quick reversal, which found temporary footstep at 114 handle, could be seen as corrective action on strongly overbought 4-hour / daily studies. Overall bullish picture continues to focus the upside, with break above 115.50, to look for 117.95, Oct 2007 high and 120.26, Fibonacci 61.8% retracement of larger 147.68/75.55 descend, in extension. However, weakened hourly technicals cannot rule out further easing, with loss of 114 handle to signal stronger pullback towards 113.16 higher base and Fibonacci 23.6% of 105.18/115.49 upleg.

Res: 114.83; 115.00; 115.50; 116.00
Sup: 114.00; 113.50; 113.16; 113.00

AUDUSD

The pair eventually ended short-term consolidation, with break below the range floor at 0.8641, triggering fresh weakness through 0.8600 handle, to come ticks away from its next target at 0.8543, 50% retracement of 0.6007/1.1079 ascend. Yesterday’s close in red and below psychological 0.86 barrier, confirms negative scenario. Former range floor at 0.8641 now offers strong resistance and should ideally cap corrective rallies on oversold near-term studies. Potential break and close above here would delay bears. Key near-term barriers and breakpoints lay at 0.8760 lower platform / highs of the week and 0.8800 psychological barrier.

Res: 0.8641; 0.8673; 0.8700; 0.8730
Sup: 0.8600; 0.8551; 0.8543; 0.8500

 

[WindsorBrokers]

EURUSD

The Euro returns to 1.25 zone, previous highs, reinforced by descending daily 10SMA, where yesterday’s rally stalled on repeated attempt higher. Sustained break and close above here is needed to confirm bulls, which are establishing on 4-hour chart, for further recovery towards next pivotal barriers at 1.2532 and 1.2576. Daily RSI/MACD bullish divergence supports the notion. Conversely, extended congestion could be expected on repeated rejection at 1.25 resistance, with 1.24 zone marking the downside breakpoint, loss of which will be bearish.

Res: 1.2500; 1.2532; 1.2565; 1.2576
Sup: 1.2452; 1.2438; 1.2411; 1.2393

GBPUSD

Cable is gaining strength after eventual break above 1.59 handle followed yesterday’s rally from 1.5833 trough and so far reached 1.5940, Fibonacci 38.2% of 1.6180/1.5788 descend. Bullish hourly and bulls entering play on 4-hour chart, support further upside, which was signaled by yesterday’s bullish Outside Day. Also, Daily RSI/MACD bullish divergence supports further gains. Psychological 1.60 level, reinforced by daily 20SMA, offers next significant resistance, on the way to the breakpoint at 1.6020 zone, lower platform Fibonacci 61.8% retracement. Only loss of 1.5833, hourly higher base, would neutralize bulls.

Res: 1.5953; 1.6000; 1.6020; 1.6085
Sup: 1.5900; 1.5875; 1.5833; 1.5800

USDJPY

The pair consolidates fresh gains which took out previous peaks at 115.50 zone and probed above psychological 116 barrier. Pullback was so far contained at 115 zone, also mid- point of 113.84/116.09 upleg, with further easing allowed to 114.70, Fibonacci 61.8%, before fresh attempt higher. Overall bullish structure favors further upside, with near-term targets laying at 117.95, Oct 2007 high and 120.12, Fibonacci 61.8% of long-term 147.68/75.55 descend. Only loss of pivotal 114 support would put bulls on hold.

Res: 116.00; 116.21; 116.62; 117.00
Sup: 115.00; 114.62; 114.25; 113.84

AUDUSD

The pair resumes recovery off 0.8539 low after eventually taking out strong 0.8680 barrier and extending above psychological 0.87 level. Fresh bulls off 0.8589 higher low, approach 50% retracement of 0.8909/0.8539 descend and are looking for test of pivotal 0.8760 lower platform and Fibonacci 61.8% retracement, above which to confirm near-term bottom. Yesterday’s bullish Outside Day, as well as daily MACD bullish divergence, support the notion. Initial supports lay at 0.8680/65, with stronger pullback required to hold above 0.86 handle, to keep bulls in play.

Res: 0.8717; 0.8760; 0.8800; 0.8850
Sup: 0.8680; 0.8665; 0.8650; 0.8607

 

[WindsorBrokers]

EURUSD

The Euro failed to sustain Friday’s gains and clear pivotal 1.2576/93 barriers, 04 Nov lower top / bear-trendline off 1.2884 and reversed back to 1.2420 zone, Fibonacci 76.4% retracement of 1.2397/1.2576 rally. Near-term technicals weakened on a pullback, however, 4-hour cloud base, which contained dips, keeps near-term price action supported for now, guarding key supports at 1.2415, bull-trendline off 1.2357 low and1.24 zone higher base. Bounce through 1.25 barrier, previous range tops and 50% of 1.2576/1.2442 downleg, is required to bring near-term bulls back to play, for renewed attempt higher. On the other side, larger picture bears were reinforced by yesterday’s long red candle and keep the downside at risk. Violation of 1.2440 to open 1.2400 base, below which would signal an end of corrective phase from 1.2357, 07 Nov low.

Res: 1.2480; 1.2506; 1.2525; 1.2546
Sup: 1.2442; 1.2415; 1.2400; 1.2357

GBPUSD

Cable trades in near-term consolidative phase off 1.5591, 14 Nov fresh low, which was so far capped by descending 4-hour 20EMA at 1.5734. Weak near-term studies do not see much of an upside potential for now, as yesterday’s close in red, with long upper shadow of daily candle, neutralized Friday’s Hammer reversal signals. Further consolidative action is expected to precede fresh leg lower, which is expected to target 1.5375, Fibonacci 76.4% of 1.4812/1.7189 ascend. Alternative scenario requires extension above 1.58 barrier, Fibonacci 61.8% of 1.5939/1.5591 descend, to delay downside attempts. Key resistance and breakpoint lies at 1.5940 lower platform.

Res: 1.5690; 1.5734; 1.5765; 1.5805
Sup: 1.5618; 1.5591; 1.5550; 1.5500

USDJPY

The pair trades in consolidative phase off fresh high at 117.03, which was signaled by yesterday’s Doji. Hourly studies regained traction, as bounce from pullback’s low at 115.44, where hourly double-bottom was left, retraced over 76.4% of 117.03/115.44 reversal and created a higher base at 116.40. This supports fresh attempts at 117.03 barrier, to resume larger uptrend towards next targets at 117.95, Oct 2007 peak and 120, psychological barrier, also Fibonacci 61.8% retracement of multi-year 147.68/75.55 descend. However, prolonged consolidative action should be anticipated, ahead of Japan Government’s news announcement, with 116.40/00, offering good supports. Only loss of 115.44/00 support zone, would revive near-term bears.

Res: 116.77; 117.03; 117.50; 117.95
Sup: 116.40; 116.00; 115.44; 115.00

AUDUSD

The pair reversed from fresh recovery high, just under psychological 0.88 barrier and found support at 0.87 zone, also 38.2% retracement of 0.8539/0.8794 corrective rally. Near-term structure remains positive, as pullback was contained above bull-trendline, drawn off 0.8539 low, with daily RSI/MACD bullish divergence, supporting fresh attempts higher. However, yesterday’s close in red warns of recovery attempt stall, as the price failed to close above cracked pivotal barrier at 0.8760. Break and close below 0.87 handle, also trendline support, would confirm reversal and expose next pivot at 0.8646, 14 Nov higher low.

Res: 0.8762; 0.8794; 0.8822; 0.8850
Sup: 0.8693; 0.8666; 0.8646; 0.8636

 

[WindsorBrokers]

EURUSD

The Euro regained positive tone in the near-term picture, following yesterday’s positive close, which occurred above 1.25 handle. Bounce from 1.2442 hourly higher base, peaked at 1.2544, Fibonacci 76.4% of 1.2576/1.2442 upleg, capped by descending daily 20SMA and bear-trendline off 1.2884 peak. Daily MACD/RSI bullish divergence still signals further upside which requires sustained break above the trendline resistance and 1.2576, 04/17 Nov peaks, to spark stronger recovery. Otherwise, prolonged range-trade, with downside risk seen on violation of 1.25 support, could be expected in the near term.

Res: 1.2546; 1.2576; 1.2610; 1.2683
Sup: 1.2510; 1.2480; 1.2442; 1.2425

GBPUSD

Cable came under pressure and fully reversed 1.5591/1.5734 corrective rally, on renewed probe below 1.56 handle. Negative tone prevails on all timeframes and favors eventual clear break below 1.56, to open way towards next target at 1.5375, Fibonacci 76.4% of 1.4812/1.7189 ascend. However, hesitation at psychological support cannot be ruled out, as near-term studies are approaching oversold territory. Rallies through initial 1.5700 barrier, to face strong resistance at 1.5734, corrective peak and just above 38.2% retracement of 1.5939/1.5591 descend. Only break here and 1.58 barrier, also 61.8% of 1.5939/1.5591 descend, would delay and signal near-term base formation.

Res: 1.5700; 1.5734; 1.5765; 1.5800
Sup: 1.5623; 1.5590; 1.5550; 1.5500

USDJPY

The pair remains firm and posts fresh multi-year highs, after clearing psychological 117 barrier. Yesterday’s positive close, with past two days candles with longer lower shadow, confirm strong bullish tone, which focuses immediate target at 117.95, Oct 2007 peak and psychological 120 barrier, also Fibonacci 61.8% retracement of multi-year 147.68/75.55 descend, expected to come in near-term focus, previous peaks at 117 zone, offer immediate support, with 116.30/00 zone expected to ideally contain dips.

Res: 117.95; 118.50; 119.00; 119.60
Sup: 117.00; 116.80; 116.30; 116.00

AUDUSD

The pair remains under pressure and probes below 0.8646/36 higher low / 61.8% retracement of 0.8539/0.8794 corrective rally, after completion of hourly H&S pattern. Negative near-term structure favors further weakness for full reversal of the rally, seen on clear break below 0.8636. Next supports lay at 0.86, round-figure and 0.8589 trough, below which way opens towards key 0.8539, 07 Nov low. Yesterday’s positive close so far looks like a pause in the downmove and only daily close above 0.8745 lower platform would sideline immediate downside risk.

Res: 0.8646; 0.8680; 0.8700; 0.8745
Sup: 0.8620; 0.8600; 0.8589; 0.8539

 

[WindsorBrokers]

EURUSD

Yesterday’s bumpy ride, which bounced from the levels near 1.24 support and probed briefly above 1.25 barrier, ended day in Doji candle and near the mid-point of entire rally from 1.2417 to 1.2505, trading in triangular consolidation. This keeps near-term tone in neutral mode, ranging between 1.24 and 1.25 boundaries, as the price consolidates around daily 20SMA and Tenkan-sen line. Appearance of daily MACD bullish divergence is supportive for fresh attempts higher, with sustained break above 1.25 hurdle and pivotal 1.2530 high, also bear-trendline, drawn off 1.2884 high, required to shift near-term focus higher and test the upper part of larger 1.2360/1.2597 range. Otherwise, rejection at 1.25 barrier, would increase risk of retesting 1.2417/00 lows and possible return to pivotal 1.2360 support and near-term base.

Res: 1.2480; 1.2505; 1.2530; 1.2566
Sup: 1.2451; 1.2430; 1.2400; 1.2360

GBPUSD

Cable rallied strongly yesterday after brief probe below 1.5590 base. Bounce to 1.5761, near Fibonacci 76.4% retracement of 1.5823/1.5583 descend, was capped by descending daily 20SMA, which, for now, keeps pivotal 1.5800/23 barriers intact and downside risk in play. Hourly technicals are still positive and need to hold above 1.5700, session low, reinforced by daily Tenkan-sen line / 10 SMA, to keep the upside in focus, as 4-hour studies are neutral. Sustained break below 1.57 handle to increase risk of return to 1.5590 base, otherwise, fresh upside attempts will remain on the table, however, limited action is expected while 1.5823 breakpoint stays intact.

Res: 1.5761; 1.5800; 1.5823; 1.5856
Sup: 1.5700; 1.5672; 1.5651; 1.5625

USDJPY

The pair shows positive signals, as recovery rally from yesterday’s pullback’s low at 117.85 accelerated and probes above 118.63, Fibonacci 61.8% of 119.12/117.85 descend. The pullback was contained by rising daily 10SMA / Tenkan-sen line, which keeps the structure positive, despite yesterday’s close in red, after the price cracked psychological 119 barrier. Hourly indicators are moving into positive territory, which, along with positive 4-hour studies, keeps focus at the upper targets and keeps near-term correction floor and pivotal support, intact. Break above 119.12 high to expose psychological 120 barrier, also Fibonacci 61.8% retracement of multi-year 147.68/75.55 descend.

Res: 118.82; 119.12; 119.50; 120.00
Sup: 118.50; 118.21; 118.00; 117.85

AUDUSD

The pair enters near-term corrective phase off yesterday’s fresh low 0.8415. Rally filled yesterday’s gap lower and tested pivotal barrier at 0.8538, last Friday’s high and Fibonacci 61.8% retracement of 0.8613/0.8415 downleg, break of which to spark further recovery and open 0.8613 breakpoint, 27 Nov high / daily 20SMA. Yesterday’s positive close, signals consolidation of the latest weakness from 0.88 zone, as immediate downside risk is sidelined. However, overall picture remains bearish and keeps the downside attempts favored, but bears may be further delayed in case of clearance of pivotal 0.8613 barrier.

Res: 0.8540; 0.8567; 0.8600; 0.8613
Sup: 0.8500; 0.8468; 0.8415; 0.8400

 

[WindsorBrokers]

EURUSD

The Euro remains under pressure, as yesterday’s fresh weakness left lower top at 1.2505 and subsequent acceleration lower fully retraced corrective rally and broke below 1.2360 base. Yesterday’s long red candle, with negative technicals on all timeframes, favors further downside, as the pair met its next target at 1.2325, Fibonacci 161.8% expansion of the wave from 1.2505 lower top. Psychological 1.23 support offers immediate support, with near-term focus at
break and close below pivotal 1.2360 support, to extend the wave from 1.2505 lower top, towards 1.2325, its Fibonacci 161.8% expansion and psychological 1.23 support, with focus at 1.2106, trendline support and 1.2042, July 2012 low. Daily 10/200SMA’s bear cross at 1.2450 should cap extended corrective rallies.

Res: 1.2390; 1.2418; 1.2450; 1.2475
Sup: 1.2321; 1.2300; 1.2284; 1.2250

GBPUSD

Near-term structure is negatively aligned, after corrective rally was capped by descending daily 20SMA at 1.5761 and fresh weakness pushed the price in the lower part of near-term 1.5590/1.5823 range. Yesterday’s close in red and below 1.57 handle, daily Tenkan-sen line / 10SMA, confirms near-term bearish stance and eyes 1.5590 base for retest. Break here to confirm an end of consolidative phase and resumption of larger downtrend, towards target at 1.5373, Fibonacci 76.4% of 1.4812/1.7189 ascend. Rallies should be ideally capped at 1.5700/23 barriers, Tenkan-sen line, 20SMA, while only sustained break above 1.5761 would neutralize immediate downside risk.

Res: 1.5668; 1.5700; 1.5723; 1.5761
Sup: 1.5617; 1.5590; 1.5550; 1.5500

USDJPY

The pair remains supported, as extension of recovery rally from Monday’s corrective low eventually broke above 119 barrier. Near-term price action is consolidating above 119, now support, for final push towards targets at 120.00/12, psychological barrier / Fibonacci 61.8% retracement of multi-year 147.68/75.55 descend. Yesterday’s positive close supports the notion, with price action being supported by rising daily 10SMA / Tenkan-sen line at 118.30, where stronger corrective actions should be contained.


Res: 119.42; 119.61; 120.00; 112.12
Sup: 119.11; 118.80; 118.45; 118.30

AUDUSD

The pair remains under pressure and continues to trend lower, as overnight’s acceleration eventually broke below 0.84 support. Yesterday’s red candle with long upper shadow, confirms downside pressure, with the wave from 0.8794, 17 Nov lower top, capable to travel to 0.8268 and 0.8174, its 138.2% and 161.8% Fibonacci expansion, with psychological 0.8000 support being in short-term focus. Session high at 0.8465, offers strong resistance, with Monday / yesterday’s highs at 0.8530/40, seen capping stronger rallies.

Res: 0.8431; 0.8465; 0.8500; 0.8540
Sup: 0.8386; 0.8350, 0.8315; 0.8300

 

[WindsorBrokers]

EURUSD

The Euro stabilizes above 1.23 handle, extending corrective rally from fresh low at 1.2244. Yesterday’s positive close suggests further near-term recovery, following higher low formation at 1.2290. Next strong barriers lay at 1.2360, former base and 1.2390 lower platform, reinforced by daily descending 10SMA, clearance of which is required to improve still negative 4-hour structure, for possible attack at pivotal 1.2435/55 barriers, daily 20SMA / 04 Dec lower top. However, overall picture remains bearish and sees limited corrective action, ideally to be capped under 1.24 handle, before fresh attempts lower.

Res: 1.2360; 1.2390; 1.2435; 1.2455
Sup: 1.2290; 1.2270; 1.2244; 1.2200

GBPUSD

Cable trades in near-term corrective phase off yesterday’s fresh low at 1.5539, with dynamic barriers of daily 10 / 20 SMA’s / Tenkan-sen line, also yesterday’s high, at 1.5680, being tested. Near-term technicals are gaining traction, however, daily close above pivotal 1.5680 barrier, is required to confirm resumption of near-term bulls for further recovery. Lower tops at 1.5720 and 1.5761, also Fibonacci 61.8% / 76.4% of 1.5823/1.5539 downleg, offer resistances, ahead of pivotal 1.5823, 27 Dec high. Alternatively, downside pressure is expected to increase, if 20SMA stays intact.

Res: 1.5680; 1.5720; 1.5761; 1.5800
Sup: 1.5624; 1.5600; 1.5577; 1.5539

USDJPY

The pair corrects last week’s acceleration, which peaked at 121.83, with extended pullback, probing below psychological 120 support. Dark Cloud Cover pattern formation, signals corrective action, as daily RSI starts to reverse from overbought territory and the price approaches significant supports at 119.52/32, daily Tenkan-sen line / 10SMA. Close below here to confirm near-term correction and open 119.00, previous peak / Fibonacci 61.8% of 117.22/121.83 ascend, with pivotal support at 117.22, 27 Nov higher low, expected to come in near-term focus. Conversely, bounce through 121 lower top, to sideline immediate downside risk.

Res: 120.20; 120.50; 121.00; 121.30
Sup: 119.52; 119.32; 119.00; 118.56

AUDUSD

The pair remains under pressure and extended descend close to psychological 0.8200 barrier, after leaving a lower platform at 0.83 zone. The pair travels on extended third wave from 0.8794, which now focuses 0.8178, its 161.8% Fibonacci expansion, with psychological 0.8000 support, coming in near-term focus. Overall negative structure favors further downside, however, oversold larger timeframe’s studies suggest corrective action in the near term.

Res: 0.8314; 0.8354; 0.8415; 0.8465
Sup: 0.8222, 0.8200; 0.8178; 0.8122