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

[WindsorBrokers]

EURUSD

The Euro started the week with gap-lower opening, as expected, according to the results of Greek elections, which increase pressure on the single currency, already weakened by recent SNB and ECB decisions. Lower opening of some 70-pips gap and fresh weakness below last Friday’s low, posted new low at 1.1096, on a brief probe below 1.11 handle. This was all seen so far, with fresh corrective action under way, on attempts above overnight’s high to fill the gap and signal stronger corrective action, ahead of fresh push lower. Overall picture holds strong bearish, confirmed by daily / weekly close in red, with last week’s descend, marking the strongest weekly fall since Sep 2010, also losses of the month of January are so far the strongest since May 2012. All these suggest that Euro’s fall is not over, as the price closed for the week below Fibonacci 61.8% of larger 2000/2008 0.8225/1.6039 ascend, seeing scope for attack at psychological 1.10 level, as initial target. Bounce on oversold near-term studies is so far seen as corrective, with initial requirement of sustained break above 1.1200 barrier, to open lower top at 1.1287, ahead of more significant hourly lower platform at 1.1372, last Friday’s high / near 50% of 1.1679/1.1096 downleg. Key near-term barrier lies at 1.1660/80 Zone, lower platform of 19/21 Jan and Fibonacci 38.2% of 1.2568/1.1096 and only break here would neutralize bears.

Res: 1.1245; 1.1287; 1.1318; 1.1372
Sup: 1.1150; 1.1096; 1.1050; 1.1000

GBPUSD

Cable bounces from fresh low at 1.4950, posted on attempt below psychological 1.50 support, below which, last Friday’s close occurred. This gives signals of further bearish action towards initial target at 1.4910, Fibonacci 61.8% of 1.3501/1.7189 and more significant 1.4830/12 higher base and lows of 2013. Hesitation at 1.50 handle, above which near-term corrective bounce is trading, is expected to precede fresh leg lower, with 1.5050, previous low / Fibonacci 38.2% of 1.5210/1.4950, marking good barrier and 1.5110, Fibonacci 61.8% retracement, expected to ideally cap. Only break and close above 1.52 lower top and Fibonacci 38.2% of 1.5618/1.4950, would sideline near-term bears and open pivotal 1.5267 barrier, high of 14 Jan and former recovery attempts peak.

Res: 1.5050; 1.5080; 1.5110; 1.5150
Sup: 1.4983; 1.4950; 1.4910; 1.4830

USDJPY

The pair continues to trade in a choppy mode, entrenched within 117.20 and 118.85 range, with daily 20SMA / cloud, continuing to limit upside attempts. Last Friday’s close in red shows that the pair lacks strength for final push higher, however, mixed near-term and daily studies favor directionless mode in next few sessions, before establishing fresh direction. Sustained break above 118.85 is expected to accelerate rally towards next barriers at 120.00 and 120.80 in extension. Otherwise, loss of near-term range floor at 117.20, would increase risk of retesting 115.83, 16 Jan low and extension towards key short-term support at 115.55, low of 16 Dec 2014 and Fibonacci 38.2% of 105.18/121.83 rally.

Res: 118.32; 118.85; 119.30; 119.57
Sup: 117.82; 117.25; 116.90; 116.31

AUDUSD
The pair remains under pressure and posts fresh low at 0.7856, after last Friday’s acceleration lower closed below psychological 0.80 support, as well as 0.7945, Fibonacci 61.8% retracement of larger 0.6007/1.1079 ascend. Also, long red weekly candle, with weekly loss of that intensity, last time seen in Sep 2014, confirms negative stance for further retracement. Low of July 2009 at 0.7700 is seen as next near-term target, below which there will be no significant obstacles, until 0.7200, Fibonacci 76.4% retracement. Doji in Asian session and price action limited under session’s high, would signal limited upside, ahead of fresh attempts lower. Psychological 0.8000 resistance, also Fibonacci 38.2% of 0.8232/0.7856 descend and former lows at 0.8031, mark solid barrier and should ideally cap corrective attempts.
Res: 0.7945; 0.8000; 0.8031; 0.8088
Sup: 0.7856; 0.7800; 0.7750; 0.7700

 

[WindsorBrokers]

EURUSD

The pair showed no significant changes during this week, trading within 1.1268/1.1358 range and price action mainly holding around magnetic 1.13 level. Near-term technicals maintain neutral tone, confirmed with repeated Dojis, while daily studies remain negatively aligned, as the price stays capped by daily 10SMA and corrective action from 1.1096, low of 26 Jan, limited by descending daily 20SMA. On the other side, fundamentals are expected to be the main trigger for fresh direction, as uncertainty about Greece continues and potential negative results may accelerate Euro towards parity level, while positive solution for the crisis would boost the pair for fresh recovery. Daily 20SMA at 1.1380, marks the first breakpoint, close above which to open recovery rejection levels and lower platform at 1.1500/30 zone and resume correction off 1.1096, on sustained break higher.

Res: 1.1358; 1.1380; 1.1400; 1.1430
Sup: 1.1300; 1.1268; 1.1260; 1.1222

GBPUSD

Cable returned back to near-term range, after yesterday’s rally through range tops at 1.5270 zone, stalled on approach to 1.53 barrier. Yesterday’s close in red confirmed false break and confirmed near-term neutral stance. Range floor at 1.52 zone is reinforced by daily 10SMA and so far holds, with break lower to confirm failure swing and trigger fresh easing towards daily 20SMA/Kijun-sen line, also 50% of 1.4950/1.5351 rally at 1.5150. Close below here to confirm near-term bears fully in play and shift focus lower. On the other side, regain of 1.53 handle, would re-focus pivotal barriers at 1.5351, 06 Feb high and 1.5363, Fibonacci 61.8% retracement of 1.5618/1.4950 descend.

Res: 1.5275; 1.5300; 1.5351; 1.5386
Sup: 1.5214; 1.5194; 1.5164; 1.5100

USDJPY

The pair holds overall bullish tone, following yesterday’s acceleration through psychological 120 barrier that posted fresh high at 120.46. However, today’s bearish acceleration of consolidative action through initial 120 support, also broke below pivotal 119.20/00 support levels, to dip near 50% of 116.86/120.46 rally / daily Tenkan-sen line. Immediate tone weakened, despite quick recovery that needs to return above 120 handle, to neutralize increasing downside risk. Repeated break below 119.20/00, 06 Feb former high / daily cloud top, to signal stronger correction of 116.86/120.46 rally and expose next strong supports at 118.31/23, 09 Feb trough and Fibonacci 61.8% of 116.86/120.46, loss of which to confirm lower top and bring bears fully in play.

Res: 119.73; 120.00; 120.46; 120.80
Sup: 119.20; 118.73; 118.31; 118.00

AUDUSD
The pair came under pressure on negative data and accelerated lower, following yesterday’s close below four-day range floor at 0.7730. Fresh weakness approaches key support at 0.7624, 03 Feb low, to complete near-term 0.7624/0.7874 corrective phase and signal resumption of larger downtrend. Close below 0.7624 to open next target at 0.7204, Fibonacci 76.4% of 2008/2011 0.6007/1.1079 rally. Near-term studies hold firm bearish tone, however, hesitation ahead of key support could expected on oversold conditions. Former support at 0.7730, also Fibonacci 38.2% of 0.7874/0.7642 descend, now acts as strong resistance and should ideally cap corrective rallies.
Res: 0.7700; 0.7730; 0.7760; 0.7790
Sup: 0.7642; 0.7624; 0.7530; 0.7470

 

[WindsorBrokers]

EURUSD

The Euro holds above 1.13 handle, keeping the range-trading as dominant theme in the near-term, despite yesterday’s close in red and negative setup of near-term technicals. Narrowing 20d Bollinger bands support further consolidation. However, overall bearish tone continues to focus the downside and while the price holds below daily 20SMA, now offering initial resistance and currently at 1.1357, risk of attempts through 1.13 handle for attack at key 1.1260 support, will remain in play. Conversely, break above daily 20SMA / Tenkan-sen at 1.1357/63, would ease downside pressure and expose initial 1.1400, daily Kijun-sen, ahead of the first breakpoint at 1.1450 lower platform and key barrier at 1.1532, 03 Feb correction peak. Fed Chief Yellen’s testimony and Greek’s delayed submission of economic reform plans are expected to be main drivers of the markets from the fundamental side.

Res: 1.1357; 1.1400; 1.1428; 1.1450
Sup: 1.1310; 1.1277; 1.1260; 1.1220

GBPUSD

Cable regained traction on yesterday’s bounce from 1.5330, where higher low was left, holding near pivotal barrier and fresh high at 1.5478. Yesterday’s bullish Outside Day supports fresh strength and eventual break above 1.5478, to open 1.5526, daily Ichimoku cloud top and resume bulls towards next pivotal barrier at 1.5618, 21 Dec 2014 high. Near-term technicals hold positive tone and along with bullish setup of the daily studies, keep the upside focused. Fibonacci 38.2% of 1.5330/1.5473 rally, also former high of 20 Feb, at 1.5418, should ideally contain near-term consolidative phase, to keep immediate bulls intact. Otherwise, further easing through 1.5400/1.5385, 50% and 61.8% retracement respectively, is expected to delay bulls and expose pivotal higher base at 1.5330 zone, reinforced by daily Tenkan-sen line.

Res: 1.5478; 1.5500; 1.5526; 1.5585
Sup: 1.5428; 1.5418; 1.5385; 1.5330

USDJPY

The pair remains entrenched between daily Kijun-sen and Tenkan-sen lines and recovered the biggest part of yesterday’s losses on fresh strength above 119 handle. Near-term studies are regaining positive tone for possible repeated attack at pivotal 119.40 barrier, near-term congestion top, break of which to signal an end of consolidative phase and open targets at psychological 120.00 and key near-term top at 120.46, peak of 12 Feb. Positively aligned daily studies support the notion. Conversely, repeated rejection at 119.40 would signal prolonged sideways trading, while extension below initial supports at 118.70 zone, yesterday / today’s low, reinforced by Tenkan-sen line, would weaken the structure and risk return to the key support at 118.25, near-term range floor and Fibonacci 61.8% of 116.86/120.46 upleg.

Res: 119.40; 119.60; 120.00; 120.46
Sup: 119.00; 118.70; 118.42; 118.25

AUDUSD
The pair loses traction in the near-term, after repeated attempt higher was capped at 0.7850, where strong resistance guards pivotal 0.7874 barrier. Near-term studies are weakening, as the price action attempts below daily 20SMA that increases risk of retesting pivotal 0.7756/40 lows and near-term consolidation floor. Close below here to confirm negative near-term stance, as overall bears remain in play and shift focus towards 3-week range lows and key supports at 0.7642/24. Otherwise, while initial 0.7756/40 supports hold, expect extended consolidation, with upside targets to remain in play.
Res: 0.7777; 0.7813; 0.7850; 0.7874
Sup: 0.7740; 0.7723; 0.7700; 0.7669

 

[WindsorBrokers]

EURUSD

The Euro enters near-term corrective phase above Asian fresh low at 1.0821. Acceleration higher on oversold hourly / 4-hour studies, attacks 1.09 barrier, ahead of more significant barriers at 1.0961/1.1000, former low of 26 Jan / Fibonacci 61.8% retracement of 1.1112/1.0821 descend, where extended rallies should be ideally capped. Daily / weekly close in long red candle maintains strong bearish tone, as daily Bearish momentum is building up. Near-term corrective action is expected to precede fresh push towards next targets at 1.0800 / 1.0762, psychological support / Sep 2003 low. Only close above 1.10 barrier would sideline downside risk and signal stronger corrective action.

Res: 1.0900; 0.0961; 1.1000; 1.1031
Sup: 1.0860; 1.0821; 1.0800; 1.0762

GBPUSD

Cable approached psychological 1.5000 support, on last Friday’s acceleration lower that hit fresh low at 1.5030 and left long red candles on daily and weekly chart, signaling firm bearish tone and scope for full retracement of 1.4950/1.5551 rally. Corrective rally on oversold near-term studies cracked initial barrier at 1.5100, round-figure resistance, ahead of 1.5184/94, daily Ichimoku cloud base / former higher base, where rallies should be ideally capped, before final push towards key med-term support at 1.4950, 23 Jan low. Only close above 1.5229/54 Fibonacci 38.2% of 1.5551/1.5030 downleg / last Friday’s high, would ease immediate downside pressure and allow for stronger correction.

Res: 1.5100; 1.5153; 1.5184; 1.5200
Sup: 1.5063; 1.5030; 1.5000; 1.4950

USDJPY

The pair maintains strong bullish tone, following last Friday’s acceleration higher that broke above 120.80/121 barriers and closed at 120.70, after leaving hourly higher base at 120.60. Near-term price action trades in consolidative phase, keeping initial supports at 120.60/46, intact for now. Bullish setup of technicals, keeps the upside favored and suggests final push towards key med-term barrier at 121.83, peak of 08 Dec 2014. Initial supports at 120.60/46, session lows / 11Feb former high, should ideally contain and protect pivotal 120 support zone, near Fibonacci 61.8% of 119.36/121.27 upleg, reinforced by daily Kijun-sen line, Close below which is expected to revive bears..

Res: 121.10; 121.27; 121.67; 121.83
Sup: 120.60; 120.46; 120.10; 119.90

AUDUSD
The pair maintains overall negative tone, after Friday’s acceleration lower left long red candles on daily and weekly charts. Today’s fresh weakness and probe below 0.77 handle, suggests further easing and possible full retracement of 0.7624/0.7911 corrective rally. Asian trading was entrenched in tight Doji, showing limited upside attempts and keeping pivotal barrier at 0.7740, former base, intact for now. Stronger rallies above here and 0.78 barrier, also 50% retracement, would ease immediate downside pressure and signal prolonged range-trading.
Res: 0.7740; 0.7770; 0.7800; 0.7858
Sup: 0.7700; 0.7682; 0.7642; 0.7624

 

[WindsorBrokers]

EURUSD

The Euro maintains strong bearish tone, with repeated close in long red candle and today’s probe below psychological 1.05 support. Near-term focus remains at the downside targets at 1.0335, Jan 2003 low and 1.0206, July 2002 high, ahead of 1.0069, Fibonacci 76.4% retracement of larger 0.8225/1.6039 rally, with test of parity level becoming more realistic. Corrective rally on oversold near-term studies is seen preceding fresh attempts lower, as setup of daily /weekly studies remains firmly bearish. Acceleration through 1.06 barrier looks for 1.0665, hourly lower base / near Fibonacci 38.2% of 1.0905/1.0493 downleg and 1.07 zone, also 50% retracement, where rallies should be initially capped. However, oversold daily studies require caution, with close above 1.07, to signal stronger corrective action.

Res: 1.0650; 1.0665; 1.0715; 1.0747
Sup: 1.0578; 1.0554; 1.0493; 1.0450

GBPUSD

Cable remains under strong pressure after yesterday’s bearish acceleration took out key supports at 1.5000 and 1.4950, also probing below psychological 1.49 handle. Yesterday’s long red candle confirms bearish stance for eventual attack at key med-term supports at 1.4830/12, higher base of 2013. Corrective rally off fresh low at 1.4891, cracked psychological 1.50 barrier, ahead of strong 1.5030 resistance, former base and near Fibonacci 61.8% retracement of 1.5135/1.4891 downleg, where corrective rallies should be ideally capped. Otherwise, further rallies would signal prolonged corrective action. Key barrier and near-term breakpoint lies at 1.5135, lower top of 09 Mar and near Fibonacci 38.2% of 1.5551/1.4891 descend.

Res: 1.5011; 1.5030; 1.5050; 1.5100
Sup: 1.4953; 1.4891; 1.4850; 1.4830

USDJPY

The pair remains in near-term consolidative phase under fresh high at 122.01, with corrective dips being so far contained at 120.80 zone. Former peak at 121.83, marks strong barrier and caps attempts higher. Near-term indicators are pointing lower and support further consolidation. On the other side, bulls remain intact on daily chart studies that keep focus at the upside. Correction lows at 120.80, mark initial support, ahead of 120.60 higher base and Fibonacci 38.2% of 118.29/122.01 rally, where downside attempts should be ideally contained, to avert risk of deeper pullback, expected to accelerate on close below 120.60 support.

Res: 121.65; 121.83; 122.00; 122.50
Sup: 121.00; 120.84; 120.60; 120.37

AUDUSD
Overall tone remains bearish, as yesterday’s break below 0.76 handle posted fresh low at 0.7558. Immediate bears are now on hold, as corrective bounce from 0.7558 low cracked pivotal 0.7681 lower top, also near 38.2% of 0.7843/0.7558 downleg. Extended correction through 0.7700, daily Tenkan-sen line, is expected to find strong barrier at 0.7740 zone, former base and Fibonacci 61.8% retracement, where rallies should be ideally capped, ahead of fresh attempt lower. Recent break below key 0.7624 support, shifted short-term focus towards next target at 0.7204, Fibonacci 76.4% retracement of multi-year 0.6007/1.1079 ascend.
Res: 0.7682; 0.7700; 0.7740; 0.7787
Sup: 0.7645; 0.7622; 0.7600; 0.7571

 

[WindsorBrokers]

EURUSD

Near-term price action trades in a sideways mode, entrenched within 100-pips range, after yesterday’s short-lived break above initial 1.0630 barrier, stalled at 1.0650. Consolidative action is for now supported at 1.0550 higher base, also 50% of 1.0461/1.0650 corrective rally, with break here to offset positive signals, given on past two-day positive closing. Near-term technicals maintain neutral tone, while overall picture remains bearish, with initial signals of reversal on oversold daily studies, being generated. Rally and close above pivotal 1.0682, 12 Mar high and 50% retracement of 1.0905/1.0461 descend, reinforced by descending daily 10SMA, is required to confirm near-term bottom and spark fresh recovery towards next barriers at 1.0735, Fibonacci 61.8% retracement and 1.0746, daily Tenkan-sen line.

Res: 1.0618; 1.0650; 1.0682; 1.0735
Sup: 11.0578; .0550; 1.0520; 1.0500

GBPUSD

Near-term price action is at the back foot, following yesterday’s recovery action repeated rejection that left hourly double-top at 1.4850 and subsequent easing that nearly fully retraced 1.4697/1.4870 corrective rally. Near-term studies are weak, with strong bearish tone on daily / weekly technicals, seeing increased risk of return and eventual break through 1.4697 handle, to resume larger downtrend towards next targets at 1.4371/44, Fibonacci 76.4% of 1.3501/1.7189 rally / low of June 2010. Alternatively, bounce through 1.4850 lower platform is required to ease bear-pressure, with close above next strong barrier at 1.4900, Fibonacci 61.8% of 1.5025/1.4697 downleg, to confirm recovery resumption.

Res: 1.4770; 1.4800; 1.4850; 1.4900
Sup: 1.4722; 1.4697; 1.4650; 1.4600

USDJPY


The pair continues to trade in a sideways mode, with near-term studies holding neutral tone and the third consecutive Doji confirming indecision. Consolidation range tops at 121.65 and former high at 121.83, mark initial barriers. Overall tone, however, remains bullish and keeps the upside in focus, with consolidative phase being for now contained at strong 120.60 support, Fibonacci 38.2% of 118.29/122.01 upleg. Initial support lies at 121.10, 4-hour cloud top and ascending daily 10SMA, ahead of daily Tenkan-sen line at 120.95. Break below consolidation floor at 120.60 would signal stronger pullback and open former highs at 120.46/25, ahead of psychological 120 support, also Fibonacci 38.2% of 116.86/122.01 rally, loss of which to confirm reversal. Otherwise, close above initial barriers at 121.83/122.01, to signal resumption of larger uptrend towards 124.14, June 2007 high.

Res: 121.39; 121.65; 121.83; 122.00
Sup: 121.10; 120.95; 120.60; 120.46

AUDUSD
The pair is gaining negative near-term tone on a probe below near-term consolidative range floor at 0.7609 and psychological 0.76 support. Yesterday’s close in red signals fresh weakness that requires close below 0.76 handle, for return to key near-term support at 0.7558, low of 11 Mar. Bearish daily studies favor fresh weakness, with clear break below 0.7558, to confirm resumption of larger downtrend. Near-term consolidation range tops are reinforced by falling daily 10SMA and only close above here would sideline increasing downside risk and signal renewed attempts towards pivotal 0.7730 lower top of 12 Mar, also Fibonacci 61.8% of 0.7843/0.7558 downleg.
Res: 0.7627; 0.7663; 0.7678; 0.7730
Sup: 0.7571; 0.7558; 0.7537; 0.7500

 

[WindsorBrokers]

EURUSD

The Euro accelerates reversal off fresh high at 1.1034, reached on yesterday’s rally on dovish Fed that briefly probed above 1.10 barrier. Bullish tone that has been established on near-term studies, is losing traction, after the price dipped below 1.0680, Fibonacci 61.8% retracement of 1.0461/1.1034 rally / broken daily 10SMA, keeping the uncertainty of near-term direction. Daily close below 10SMA is required to confirm negative stance and risk retest of hourly higher bases at 1.0580/1.0550, loss of which to re-open key 1.0461 support, as daily studies hold negative tone. Conversely, close above daily 20SMA, currently at 1.0946, to revive near-tem bulls and re-focus targets at 1.1034, yesterday’s high, 1.1071, Fibonacci 61.8% retracement of 1.1449/1.0461 descend and 1.1096, former low of 26 Jan.

Res: 1.0700; 1.0755; 1.0795; 1.0832
Sup: 1.0629; 1.0600; 1.0580; 1.0550

GBPUSD

Cable spiked to 1.5160 on post-Fed’s rally, where gains were capped by daily Ichimoku cloud base and daily 20SMA and subsequent quick pullback erased part of earlier gains on a daily close below psychological 1.50 level. Asian session and beginning of European trading saw further easing that returns below broken daily 10SMA and also broke below strong support at 1.4850, former double-top, also denting psychological 1.48 support . Close below 1.4850 to signal lower top formation and shift near-term focus lower, as daily technicals remain bearish. Alternative scenario requires fresh strength and close above daily 20SMA, currently at 1.5150, to confirm reversal.

Res: 1.4906; 1.4935; 1.5008; 1.5050
Sup: 1.4793; 1.4770; 1.4722; 1.4697

USDJPY


The pair dipped below 120 support on yesterday’s post-Fed dollar’s bearish acceleration, ending near-term consolidative phase and sidelining immediate attempts at fresh high at 122.01. Yesterday’s close in long red candle, after triple Doji, signals weakening of near-term tone, however, quick recovery above 120.60, former pivotal support and Fibonacci 61.8% of 121.39/119.28 fall, keeps in play hopes of renewed attempts higher. Near-term studies are still negative, with indicators in strong ascend and daily bulls remain intact that supports the notion. Daily 20SMA , currently at 120.15, now acts as support, with close above daily 10SMA at 121.06, also former consolidation floor, required to confirm higher low at 119.28 and re-focus the upper targets.

Res: 120.80; 121.06; 121.39; 121.65
Sup: 120.43; 120.15; 119.66; 119.28

AUDUSD
The pair returned to the negative near-term mode on acceleration of the pullback from yesterday’s spike high at 0.7845. Quick reversal to 0.7740, where yesterday’s close occurred and today’s fresh acceleration below 0.7687, Fibonacci 61.8% of 0.7589/0.7845 rally, softens near-term tone and increases risk of full retracement of yesterday’s rally that would put fresh low of 11 Mar at 0.7558, under strong pressure. Bearish acceleration cracked broken daily 10SMA, with close below here to confirm negative scenario, as daily studies remain bearish. Conversely, return above daily 20SMA, currently at 0.7740, would keep alive hopes of fresh recovery attempts.
Res: 0.7700; 0.7740; 0.7806; 0.7845
Sup: 0.7650; 0.7600; 0.7558; 0.7537

 

[WindsorBrokers]

EURUSD

The Euro eases to 1.09 zone, after yesterday’s attack at 1.10 barrier that posted fresh high, ticks away from key 1.1034, 18 Mar peak. Consolidative action is so far contained by daily 20SMA that keeps bullish setup of 4-hour studies in play for renewed attempts higher and final break above pivotal 1.1034 barrier. On the other side, hourly studies turned neutral and see risk of potential break below consolidation floor at 1.0888 and daily 20SMA, currently at 1.0855, to signal stronger correction towards 1.0820/00, 50% of 1.0612/1.1028 upleg / round-figure support. Key near-term support lies at 1.0766, low of 23 Mar, reinforced by daily Tenkan-sen, with clear break here to neutralize near-term bulls.

Res: 1.0970; 1.1028; 1.1034; 1.1071
Sup: 1.0900; 1.0888; 1.0820; 1.0800

GBPUSD

Cable attacks the lower boundary of near-term consolidation range at 1.4830 zone, following yesterday’s pullback from range tops at 1.4987. Daily close in long red candle weakens near-term structure and signals possible fresh weakness on clear break lower. Hourly studies are negative, while 4-hour indicators are approaching their midlines and setup of moving averages turning bearish, encouraging further easing, along with overall bearish tone. Close below daily 10SMA, currently at 1.4847, to confirm negative near-term stance for 1.4800, Fibonacci 61.8% of 1.4686/1.4987 rally, then 20Mar higher low at 1.4720 that would open key near-term supports at 1.4686 and 1.4633, lows of 19/18 Mar. Alternatively, fresh rallies are required to keep near-term range-trading in play, with close above 1.4900, daily Tenkan-sen line, to neutralize immediate downside risk.
Res: 1.4900; 1.4950; 1.4987; 1.5008
Sup: 1.4847; 1.4830; 1.4800; 1.4757

USDJPY


The pair returns to near-term 119.55/119.90 consolidative range, following yesterday’s bumpy ride that cracked former low at 119.28 and ended day in long-legged Doji, confirming near-term indecision and prolonged consolidative phase. The notion is supported by neutral hourly studies and contracting daily 20d Bollingers. However, bearish 4-hour technicals and south-heading daily indicators, keep the downside at risk, with fresh attempts through 119.20/08, yesterday’s low / daily 55SMA, to confirm bearish resumption and expose 118.65 higher base and 100SMA. Conversely, bounce above 120 barrier, requires close above daily 20SMA at 120.425, to neutralize.

Res: 119.97; 120.24; 120.42; 120.60
Sup: 119.54; 119.20; 119.08; 118.65

AUDUSD
The pair eventually broke above key 0.7911 barrier, high of 26 Feb, fully retracing 0.7911/0.7558 bear-leg and signaling fresh recovery action. However, failure to close above 0.7911 barrier, ended yesterday’s trading in a long-legged Doji, signaling hesitation at pivotal resistance. Yesterday’s easing found footstep at 0.7835, with daily cloud base at 0.7858, offering initial support for now. Hourly studies are neutral, while reversing 4-hour indicators see risk of stronger correction of 0.7611/0.7936 rally, before fresh attempts higher. Extension below 0.7835 should be ideally contained above 0.7761, higher low of 23 Mar, to keep the structure intact. Otherwise further easing and close below 0.7739, daily 20SMA, would neutralize near-term bulls.
Res: 0.7889; 0.7911; 0.7936; 0.8000
Sup: 0.7835; 0.7812; 0.7761; 0.7739

 

[WindsorBrokers]

EURUSD

The Euro trades in near-term neutral mode, with price action entrenched within daily 10 and 20SMA’s. Yesterday’s attempts lower and brief probe below daily 10SMA was short-lived, as the price found footstep at 1.0658, keeping intact pivotal Fibonacci 61.8% support at 1.0644. Near-term indecision is confirmed by yesterday’s long-legged Doji, with Asian trading also being entrenched within tight Doji. Yesterday’s price amplitude between 1.0658 and 1.0780, marks initial range, with break of either side, required to signal fresh near-term direction. However, overall tone remains bearish and is expected to keep the downside under pressure, while last Friday’s recovery top at 1.0847 stays intact.

Res: 1.0747; 1.0780; 1.0800; 1.0847
Sup: 1.0715; 1.0682; 1.0658; 1.0644

GBPUSD

Cable trades without clear near-term direction, after yesterday’s extension of the pullback from 1.5051 peak, was contained by sideways-moving daily Kijun-sen line, keeping pivotal daily 20SMA at 1.4836, intact. Subsequent bounce averted immediate downside risk, ending the day in positive mode. On the other side, long-legged yesterday’s daily candle shows hesitation. sidelines downside risk. Near-term studies regained positive tone , with downside risk sidelined for now. Sustained break above yesterday’s high at 1.4871, is required to signal higher low formation and shift near-term focus higher. Otherwise, the price may continue consolidative phase. Only break below yesterday’s low at 1.4854 and daily 20SMA, would bring near-term bears fully in play.

Res: 1.4971; 1.5008; 1.5051; 1.5100
Sup: 1.4911; 1.4854; 1.4836; 1.4800

USDJPY

The pair holds positive near-term tone, after extension of bounce from 118.52 low closed few ticks above daily 20 SMA. Consolidative phase under fresh recovery high at 119.82 is under way, with dips to be ideally contained at 119.28 higher low / daily 100SMA and near Fibonacci 38.2% of 118.52/119.82 upleg, before final push towards psychological 120 barrier, also Fibonacci 61.8% retracement of 120.83/118.52 descend. Break here to confirm recovery and expose key near-term barrier at 120.83. Conversely, break and close below daily 10SMA, would soften near-term tone and sideline upside attempts.

Res: 119.82; 120.00; 120.28; 120.72
Sup: 119.28; 119.12; 118.95; 118.52

AUDUSD
The pair accelerates higher after dipping to 0.7681 yesterday, where pullback from 0.7841 recovery peak, was contained by daily 20SMA. Today’s strong rally penetrated into daily cloud and broke above 0.7770, Fibonacci 61.8% of 0.7824/0.7681 downleg, with action being underpinned by ascending daily 10SMA that formed 10/20SMA’s bullish cross at 0.7691. Bullish near-term studies support further recovery towards next targets, psychological 0.7800 barrier, ahead of lower platform at 0.7825 zone and key 0.7841, peak of 17 Apr. Corrective easing should be ideally contained at 0.7752, 21 Apr former low.
Res: 0.7791; 0.7825; 0.7841; 0.7900
Sup: 0.7752; 0.7700; 0.7681; 0.7663

 

[WindsorBrokers]

EURUSD

The Euro completes near-term consolidation phase and cracks psychological 1.10 barrier, on fresh attempts higher. Yesterday’s rally closed above daily 55SMA, the last obstacle on the way to key short-term barriers at 1.1034/50, 06 Apr / 26 Mar tops. Studies maintain firm bullish tone, with daily 10/20SMA’s bull-cross, underpinning the action. Expanding daily 20d Bollingers support further upside, with the upper band reinforcing initial 1.1034 resistance and sustained break higher, expected to open daily cloud top at 1.1165 and 1.1231, Fibonacci 138.2% projection of the upleg from 1.0664, in extension. On the downside, Monday’s peak at 1.0925, marks initial support, ahead of yesterday’s low at 1.0858, also near 38.2% retracement of 1.0664/1.0989 upleg, where correction should be ideally contained. Only extension below 1.0790, daily 20SMA / Fibonacci 61.8% retracement, would neutralize bulls.

Res: 1.1001; 1.1034; 1.1050; 1.1100
Sup: 1.0967; 1.0925; 1.0858; 1.0818

GBPUSD

The pair maintains strong bullish tone, with yesterday’s fresh acceleration higher, being shaped in long green candle. Today’s fresh acceleration above yesterday’s high at 1.5435, Fibonacci 100% expansion of the second wave from 1.4854, makes retest of key barrier at 1.5551, peak of 26 Feb, also near Fibonacci 138.2% expansion, more viable. Strong bullish tone supports further upside, with corrective actions, signaled by overbought 4-hour studies, expected to interrupt rally. Yesterday’s low at 1.5175, reinforced by daily 100SMA, should ideally contain extended dips. Only loss of 1.51 zone, daily Ichimoku cloud top, would loss of which to sideline bulls.

Res: 1.5400; 1.5427; 1.5478; 1.5530
Sup: 1.5300; 1.5259; 1.5175; 1.5100

USDJPY

The pair remains above two-day base at 118.76, with extended consolidative phase expected to precede fresh weakness. Near-term studies are negative and favor further downside, supported by eventual close below daily cloud base at 118.92, which now marks initial barrier. Final push through key 118.52/31 supports is required to signal an end of short-term congestion and resume descend from 122.01, 10 Mar peak. Daily 10SMA offers the next barrier at 119.16, while only break above descending daily 20SMA, currently at 119.47, would sideline near-term bears and shift focus towards pivotal 120 barrier, signaling prolonged sideways trading.

Res: 119.16; 119.47; 119.72; 120.08
Sup: 118.74; 118.52; 118.31; 118.00

AUDUSD
The pair accelerated sharply yesterday and eventually broke and closed above psychological 0.80 barrier. Extended third wave that commenced from 0.7681, 21 Apr higher low, peaked yesterday at 0.8026, with focus at the next target at 0.8093, its Fibonacci 138.2% expansion. Near-term consolidation is under way, with extended dips, seen on overbought 4-hour conditions, facing initial support at 0.7936/26, former peak of 24 Mar / daily cloud top and expected to find ground above 0.7841, previous high of 17 Apr / near 50% of 0.7681/0.8026 upleg.
Res: 0.8026; 0.8093; 0.8163; 0.8207
Sup: 0.7977; 0.7936; 0.7894; 0.7841

 

[WindsorBrokers]

EURUSD

The pair left hourly higher base at 1.1200, reinforced by daily 100SMA, on yesterday’s strong bullish acceleration that peaked ticks below pivotal barrier at 1.1390, 07 May peak. Rally left long green daily candle, with strong bulls, re-established on near-term studies, looking for final break above 1.1390 hurdle, to complete near-term 1.1390/1.1130 correction and resume larger uptrend. Break above 1.1390 to open 1.1450, mid-Feb lower platform, with extension to 1.15+ zone, expected in near-term. Overall bullish picture supports further advance. Near-term consolidation boundaries mark initial sup/res at 1.1340 and 1.1381, with former tops at 1.1287/77, also near Fibonacci 61.8% of 1.1200/1.1381 upleg, expected to ideally contain extended dips.

Res: 1.1381; 1.1390; 1.1450; 1.1500
Sup: 1.1340; 1.1312; 1.1277; 1.1243

GBPUSD

The pair maintains strong bullish tone that keeps driving the price higher. Yesterday’s repeated positive close and rally that met initial target at 1.5748, Fibonacci 161.8% projection of the upleg from 1.5086, suggests further upside. Yesterday’s low was reinforced by daily 200SMA that marks strong support at 1.5631. Immediate targets lay at 1.5783/1.5823, lower tops of 16 Dec / 27 Now 2014. Strong bullish tone of larger timeframes favors further retracement of larger 1.7189/1.4563 downtrend. Overbought daily conditions signal corrective action in the near-term, however, no reversal signal being generated so far.


Res: 1.5767; 1.5783; 1.5823; 1.5850
Sup: 1.5700; 1.5663; 1.5631; 1.5600

USDJPY

The pair came under pressure yesterday and closed the day in long red candle, shifting near-term focus towards lower boundaries of short-term range. Near-term technicals weakened on yesterday’s dip to 119.00, also former low of 07 May and the last obstacle en-route towards key 118.50 support and range floor. Overall neutral tone, however, requires clear break here to signal an end of short-term sideways-trading phase and establish fresh direction. On the upside, daily Ichimoku cloud base offers initial resistance at 119.43, also near Fibonacci 38.2% of 120.26/119.02 descend, penetration of which would ease immediate downside pressure and confirm further range-trading, but only regain of 120 handle, also yesterday’s high, is required to revive near-term bulls.

Res: 119.32; 119.43; 119.79; 120.00
Sup: 119.02; 118.80; 118.50; 118.00

AUDUSD
Yesterday’s fresh acceleration higher that eventually broke above previous high at 0.8073, left long green daily candle, signaling strong bullish tone and resumption of larger uptrend, after completion of daily bullish pennant. Today’s fresh rallies are looking for immediate targets at 0.8185, Fibonacci 138.2% projection of rally from 0.7780 and psychological 0.82 barrier, with key med-term barrier laying at 0.8293, Jan’s lower top and annual high, also Fibonacci 38.2% retracement of 0.9503/0.7531 descend. Former peak at 0.8073, marks initial support, along with 0.8055, Fibonacci 38.2% of 0.7885/0.8161 rally, where shallow dips should be ideally contained, to avert stronger correction, expected on violation of psychological 0.8000 support.
Res: 0.8161; 0.8185; 0.8200; 0.8250
Sup: 0.8096; 0.8073; 0.8055; 0.8000

 

[waktem]

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[WindsorBrokers]

EURUSD

Euro skyrocketed yesterday on fresh hopes for solution of Greek’s debt problem, rallying from day’s low at 1.0914 to 1.1188 peak, ticks away from the next pivot at 1.1206, lower top of 22 May. Yesterday’s rally marks the biggest daily gain in past three months and is reviving bulls on daily chart. The pair broke and close above daily 20SMA that contains today’s action and underpins for fresh gains. Near-term consolidation bottomed at 1.1132, with fresh attempts at yesterday’s peak, underway. Final break through 1.1206 pivot, also near Fibonacci 61.8% of 1.1465/1.0818 descend, to confirm reversal and re-focus key short-term barrier at 1.1465, peak of 15 May. Consolidation lows at 1.1132, mark initial support, reinforced by daily 20SMA, ahead of 1.1080, Fibonacci 38.2% of yesterday’s rally and 100SMA, loss of which to delay bulls.

Res: 1.0955; 1.0986; 1.1004; 1.1065
Sup: 1.1132; 1.1080; 1.1020; 1.1004

GBPUSD

The pair bounced yesterday, leaving hourly double-bottom at 1.5170 and closing the day in long green candle that sidelines immediate downside risk towards pivotal 1.5086 support, 05 May higher low of larger rally from 1.4563 to 1.5813. Bulls resume today, following narrow consolidation, contained at 1.5327, probing above 1.5365, yesterday’s high and Fibonacci 38.2% of 1.5688/1.5168 downleg, with immediate barrier laying at 1.5384, daily 100SMA. Daily indicators are turning higher, with Stochastic emerging from oversold territory and signaling further upside action. Daily Tenkan-sen comes next at 1.5428, ahead of former base at 1.5444, reinforced by daily Kijun-sen line and 1.5485 pivot, daily 20SMA and Fibonacci 61.8% retracement of 1.5688/1.5168 descend. Session lows and consolidation floor at 1.5327, offers immediate support, with former pivot at 1.53 zone, also near Fibonacci 38.2% of yesterday’s rally, expected to contain extended dips.

Res: 1.5384; 1.5444; 1.5485; 1.5565
Sup: 1.5327; 1.5300; 1.5250; 1.5216

USDJPY


The pair pauses after hitting fresh high at 125.03, with subsequent pullback that formed bearish Outside Day yesterday, suggesting reversal. Dips were so far contained at 123.74, yesterday’s low, with near-term narrow consolidation under way, however, daily RSI and Stochastic are reversing from overbought zone, giving another reversal signal. With near-term studies turning bearish, fresh weakness is seen as favored near-term scenario. Violation of initial supports at 123.74, yesterday’s low and 123.60, hourly higher base, to trigger fresh acceleration lower and expose psychological 123.00 support, also 4-hour Ichimoku cloud top, ahead of 122.68, Fibonacci 38.2% retracement of 118.87/125.03 rally. Consolidation top at 124.23, marks initial resistance, ahead of 124.81 lower top, regain of which to neutralize near-term bears.

Res: 124.23; 124.54; 124.81; 125.03
Sup: 123.74; 123.60; 123.00; 122.68

AUDUSD
Aussie remains supported in the near-term, as yesterday’s strong acceleration from 0.7600 low, left long green candle and regained levels above 0.78, double-Fibonacci barrier, 61.8% of 0.7930/0.7596 downleg and 38.2% retracement of 0.8161/0.7596 descend. Immediate downside risk has been neutralized for now, opening space for further retracement of descend from 0.8161, 14 May peak, as today’s fresh strength cracked daily 100SMA that reinforces 0.78 barrier. Next pivot lies at 0.7856, daily 20SMA, close above which to confirm near-term reversal. Today’s low at 0.7754, marks initial support, with deeper dips to be ideally contained above 0.7715, Fibonacci 38.2% of yesterday’s acceleration.
Res: 0.7817; 0.7856; 0.7930; 0.7945
Sup: 0.7780; 0.7754; 0.7715; 0.7665

 

[WindsorBrokers]

EURUSD

Two-day bullish acceleration peaked at 1.1283 yesterday, after the pair left another long green daily candle and closed above pivotal 1.1206/18 resistance zone, former lower top of 22 May and Fibonacci 61.8% of 1.1465/1.0818 slide. Daily indicators reversed above their midlines, suggesting further rallies that look for immediate barrier at 1.1312, Fibonacci 76.4%, with key 1.1465 barrier, 15 May peak, coming in focus. Near-term price action enters consolidative phase, moving within tight range. Extended consolidation is expected on overextended near-term studies, however, bullish sentiment and supportive fundamentals, keep focus at the upside. Former breakpoint at 1.12 zone, also Fibonacci 38.2% of yesterday’s rally, now acts as pivotal support and is expected to ideally contain extended dips. Only loss of yesterday’s low and trough of 1.0916/1.1283 rally at 1.1078, would neutralize bulls.


Res: 1.1283; 1.1312; 1.1350; 1.1400
Sup: 1.1251; 1.1206; 1.1188; 1.1136

GBPUSD

The pair ended yesterday’s trading in long-legged Doji, following bumpy ride, entrenched within 1.5249 and 1.5373 amplitude. Near-term indecision extends, keeping fresh, marginally higher high at 1.5373, intact for now, with the downside being so far protected at 1.5249, where yesterday’s sharp fall and subsequent swift recovery, left hourly double-bottom. Near-term studies are positively aligned, however mixed daily technicals and price action being so far limited by descending daily 10SMA, see limited upside action for now. Sustained break above 1.5373 high, is required to signal resumption of recovery rally from 1.5168 and open next significant barrier at 1.5488, daily 20SMA and Fibonacci 61.8% of 1.5688/1.5168 descend that guards daily 200SMA, currently at 1.5528. Strong 1.53 support zone remains as initial support, also marking near-term consolidation floor and break lower to weaken near-term structure and expose key 1.5249 higher base, loss of which to bring bears back fully in play.

Res: 1.5348; 1.5373; 1.5444; 1.5488
Sup: 1.5320; 1.5300; 1.5249; 1.5216

USDJPY

Immediate risk of stronger reversal is sidelined, after pullback from 125.03 peak found footstep above pivotal 123.60 support and subsequent bounce keeps near-term price action above 124 handle. Yesterday’s long-legged daily candle confirms near-term sideways action, as the price establishes in consolidative range, with near-term studies being so far positively aligned, as the price moves around range’s mid-point. On the other side, overstretched daily studies and initial negative signal, given by reversal of daily Stochastic, keep the downside vulnerable. Sustained break below 123.60 support, to confirm scenario and trigger further easing towards next targets at 122.68, Fibonacci 38.2% retracement of 118.87/125.03 rally and strong 122.01, former peak and breakpoint.

Res: 124.56; 124.67; 124.81; 125.03
Sup: 123.98; 123.74; 123.60; 122.68

AUDUSD
Aussie loses traction as data-driven pullback from session’s high at 0.7785, retraces nearly 50% of 0.7596/0.7817 recovery rally and forms hourly double-top at 0.7817/12, yesterday’s peaks. Daily studies remain negative, as rally failed to break above daily 100SMA and Fibonacci 38.2% of 0.8161/0.7596 descend that reinforced psychological 0.78 barrier. Further easing and break below 0.7681, Fibonacci 61.8% of 0.7596/0.7817 and higher low at 0.7665, to confirm lower top at 0.7817 and re-open 0.7596 low, for possible final push towards key 0.7531 support. On the other side, hopes of fresh attempts higher would remain alive, while the price holds above 0.7681 support, but regain of yesterday’s lower top at 0.7787, is seen as minimum requirement to confirm scenario and re-focus 0.7817 high and 0.7846, daily 20SMA, in extension.
Res: 0.7749; 0.7787; 0.7817; 0.7846
Sup: 0.7707; 0.7681; 0.7665; 0.7648

 

[WindsorBrokers]

EURUSD

Near-term direction is turning downside, after Euro’s last Friday’s hesitation, shaped in long-legged Doji, started week in soft tone, opening with gap lower. The price holds around 1.12 handle that was cracked overnight, with upside attempts being capped at 1.1230 by ascending daily 10SMA, keeping for now Friday’s closing level at 1.1260, intact. Near-term studies are in neutral mode, with focus at immediate targets at 1.1168/49, Fibonacci 38.2% of 1.0818/1.1384 upleg / last Friday’s low / daily Kijun-sen line, loss of which to weaken near-term structure and expose pivotal 1.1047 higher low, posted on 05 June. However, repeated bullish weekly close and positively aligned daily/weekly studies, keep scenario of higher low formation and fresh push higher, in play. Filling overnight’s gap is seen as initial step, with break above 1.13 barrier, near last Friday’s high, required to confirm reversal.

Res: 1.1230; 1.1260; 1.1294; 1.1349
Sup: 1.1191; 1.1168; 1.1149; 1.1127

GBPUSD

Positive last Friday’s close that also occurred above 200SMA, keeps the upside focused, as last Friday’s rally also cracked Fibonacci 61.8% barrier of 1.5813/1.5168 downleg, at 1.5166. The notion is supported by long green weekly candle, on acceleration from 1.5168, correction low of 01 June, where higher low was formed. Bullish tone prevails on all timeframes and favors further upside, with focus on immediate barriers at 1.5596, session high, then 1.5661, Fibonacci 76.4% and 21/22 May lower tops at 1.5688/98. Daily 200SMA, also Kijun-sen, offer initial support, ahead of last Friday’s low at 1.5464 and Fibonacci 38.2% of 1.5219/1.5596 rally at 1.5452, where corrective dips are expected to find ground. Alternatively, break here and below 1.5418, 11 June low, would weaken near-term tone and shift focus lower.

Res: 1.5568; 1.5596; 1.5661; 1.5698
Sup: 1.5527; 1.5491; 1.5464; 1.5452

USDJPY

Near-term price action remains directionless, after bounce from near-term base at 122.44 was capped at 124 zone and price action entrenched within narrow range. Last Friday’s Doji confirms hesitation, along with neutral near-term technicals. Immediate downside threats were neutralized after fresh rally covered overnight’s gap lower, however, range-trading remains intact in the near-term. However, downside remains at risk, as corrective pullback from fresh high at 125.84, hasn’t finished yet and risk of lower top formation and fresh leg lower, exists. To neutralize such scenario, break above daily 10SMA and last Thursday’s recovery top at 123.98/124.11, is seen as minimum requirement, with further rallies and break above lower top at 124.61. also Fibonacci 61.8% of 125.84/122.44, to confirm reversal and shift focus higher.

Res: 123.80; 124.11; 124.61; 125.04
Sup: 123.10; 122.44; 122.35; 122.01

AUDUSD
The pair continues to trade in near-term sideways mode, with focus shifting lower, following last Friday’s bearish close and probe below near-term range floor. With descending daily 20SMA continuing to cap, more downside pressure could be expected, as daily 10SMA, currently at 0.7708, was cracked. Weak daily studies keep the upside limited for now, with contracting 20d Bollingers, suggesting further range trading, as past two-week price action remains within 0.7596/0.7817 range.
Res: 0.7721; 0.7752; 0.7791; 0.7802
Sup: 0.7700; 0.7676; 0.7634; 0.7596

 

[WindsorBrokers]

EURUSD

The Euro ended Friday’s trading positively and closed above daily 20SMA, following choppy trading after release of solid US jobs data. Friday’s upside attempts were capped by daily Tenkan-sen line and 50% retracement of 1.1112/1.0844 downleg at 1.0978, just ahead of pivotal resistance zone that lies between 1.0985 and 1.1010, former tops / Fibonacci 61.8% retracement / daily Kijun-sen line. Positively aligned near-term studies suggest further upside, with sustained break above 1.1010 barrier, needed to confirm. On the other side, daily structure remains negative overall, with repeated weekly long-legged Doji candle, seeing prolonged consolidation as likely scenario. On the larger picture, initial range lies between 1.0844 and 1.1125, with break of either side, required to establish short-term direction. Daily 20SMA offers initial support at 1.0945 and contains for now, with close below here, to soften near-term tone.

Res: 1.0978; 1.1010; 1.1065; 1.1100
Sup: 1.0945; 1.0905; 1.0872; 1.0854

GBPUSD

Cable maintains negative near-term tone, after Friday’s repeated close in red and fresh weakness that touched strong support at 1.5420, daily Ichimoku cloud base. Subsequent bounce and overnight’s narrow-range consolidation are likely to delay fresh bears, as rising daily cloud base, continues to support. However, daily indicators are breaking below their midlines, with setup of daily MA’s turning into bearish mode and weekly Bearish Engulfing candle, keeping the downside pressured. Daily cloud base marks the first breakpoint, ahead of 200SMA that lies at 1.5381 and break lower to confirm lower platform at 1.5670 zone. Overnight’s price action was shaped in tight Doji, holding below psychological 1.55 level that marks initial resistance, ahead of Friday’s high at 1.5542 and daily Tenkan-sen at 1.5555, break of which to ease immediate downside pressure.

Res: 1.5495; 1.5542; 1.5555; 1.5579
Sup: 1.5477; 1.5443; 1.5420; 1.5363

USDJPY

The pair extended pullback off 125 tops that proved to be strong near-term resistance, with Friday’s repeated close in red, confirming scenario. Dips found temporary support at 124.09, Friday’s / overnight’s lows / just above rising daily 20SMA that underpins the action, where hourly base is forming. Bounce so far tested Fibonacci 38.2% of pullback from 125.03 peak, with positively aligned 4-hour studies and bullish daily technicals, being supportive for further upside that is needed to signal an end of corrective phase. Extension above 124.55/68, former low of 06 Aug / Fibonacci 61.8%, is needed to confirm and re-focus 125 barrier. Otherwise, upside failure, would keep the downside at risk and look for retest of strong 124 support zone, loss of which to signal extended corrective phase off 125 tops.

Res: 124.55; 124.68; 125.00; 125.55
Sup: 124.26; 124.09; 123.50; 123.00

AUDUSD
Near-term price action consolidates under 0.74 barrier that was cracked on Friday’s rally to 0.7416. Bullish daily close that occurred above daily 20 SMA, maintains positive near-term tone and gives initial signals of stronger correction. North-heading daily indicators and break above daily 20SMA, support the notion, however, sustained break above 0.74 barrier, is seen as initial step, with extension above next pivot at 0.7495, former lower platform, required to confirm scenario. Otherwise, expect prolonged consolidation, while recent tops at 0.7426, 04 Aug and 0.7416, 07 Aug, remain intact. Alternative scenario sees risk of 4-hour double top formation, on fresh acceleration lower and violation of pivotal 0.7332/13 supports, lows of 07/06 Aug.

Res: 0.7416; 0.7426; 0.7447; 0.7495
Sup: 0.7384; 0.7332; 0.7313; 0.7258

 

[WindsorBrokers]

EURUSD

Near-term action returns into daily Ichimoku cloud, base of which acted as strong resistance in past few days. Fresh attempts above bear-trendline, connecting 1.1712 and 1.1458 tops and daily Kijun-sen line at 1.1272, give positive signal and turn focus towards the upper boundary of near-term congestion at 1.131, also 61.8% of 1.1458/1.1103 and daily cloud top at 1.1356. The latter marks pivotal barrier and sustained break here is required to end near-term range phase and signal bullish resumption.
On the other side, daily 20SMA, offers support at 1.1244 and repeated close below here, would signal false breaks higher and confirm extended range-trading.
Pivotal support lies at 1.1147, 200SMA / bull-trendline off 1.1103 low.


Res: 1.1308; 1.1317; 1.1356; 1.1400
Sup: 1.1260; 1.1244; 1.1232; 1.1210

GBPUSD

Cable is attempting through strong barrier at 1.5315, Fibonacci 38.2% of 1.5656/1.5105 fall, reinforced by daily 20, 30 and 200SMA. Yesterday’s close that occurred above broken bull-trendline, connecting 4.4563 and 1.5163 lows, at 1.5300, gives positive signal for firm break above pivotal 1.5315 barrier. Daily close above here to confirm break and open immediate barrier at 1.5380, daily Kijun-sen line and 50% retracement. Further acceleration would expose 1.5446, Fibonacci 61.8% of 1.5656/1.5105. Session low and consolidation floor at 1.5295, offers initial support, ahead of 1.5260, Fibonacci 38.2% of 1.5135/1.5337 rally and pivotal 1.5240 support, tops of former 1.5105/1.5240 consolidation.

Res: 1.5337; 1.5381; 1.5446; 1.5500
Sup: 1.5295; 1.5260; 1.5240; 1.5213

USDJPY

Near-term focus shifts towards triangle’s lower boundary, after unsuccessful attempts to sustain attempts above triangle resistance, which were capped by daily cloud base, pivotal resistance. Technicals of lower timeframes are losing traction and could trigger further weakness, as daily studies remain bearish. Daily close below 119.60, triangle support line, is required to confirm scenario and expose 119 zone, floor of near-term congestion.

Res: 120.13; 120.55; 120.70; 120.86
Sup: 119.60; 119.47; 119.05; 118.67

AUDUSD
The pair corrects strong rally of past few days that peaked at 0.7233 yesterday, capped by the upper 20d Bollinger band and Fibonacci 61.8% of 0.7435/0.6906. The pullback is seen preceding final attack at 0.7278 peak and key resistance and should be ideally contained at 0.7145 Fibonacci 38.2% of 0.7000/0.7233 upleg. Otherwise, deeper correction could be expected towards pivotal 0.7090 support, daily 20SMA / Fibonacci 61.8% retracement. Only break here would neutralize near-term bulls.

Res: 0.7214; 0.7233; 0.7278; 0.7310
Sup: 0.7163; 0.7145; 0.7109; 0.7090

 

[WindsorBrokers]

EURUSD

Near-term structure remains bullish, as renewed strength attempts again at 1.14 barrier, after pullback from yesterday’s peak at 1.1395, found footstep at 1.1342, broken bull-channel resistance. Completion of consolidation phase, confirmed by yesterday’s Doji, to open fresh acceleration towards next targets at 1.1458/65, peaks of 18 Sep / 15 May and 1.1473, Fibonacci 61.8% of 1.1725/1.1086 descend. Daily close above the latter, would trigger fresh acceleration higher.
Yesterday’s low at 1.1342, offers good support, ahead of 1.1309, Fibonacci 38.2% of 1.1170/1.1395 rally, loss of which would revive near-term bears.


Res: 1.1396; 1.1458; 1.1473; 1.1500
Sup: 1.1375; 1.1360; 1.1342; 1.1307

GBPUSD

Cable is regaining traction and probes above three-day congestion top at 1.5380, after consolidative phase was contained at very strong 1.53 support zone, reinforced by daily 20SMA, with 200SMA, laying ticks above. Sustained break above 1.5380, which also marks the mid-point of 1.5656/1.5105 descend, is needed to resume recovery rally from 1.5105, interrupted by 1.5300/1.5380 consolidation. Next targets lay at 1.5427, daily 55SMA, ahead of 1.5446, Fibonacci 61.8% retracement.
Prolonged consolidation should hold above 1.53 handle, otherwise, sustained break here would signal lower platform formation and possible end of recovery phase.

Res: 1.5386; 1.5427; 1.5446; 1.5500
Sup: 1.5318; 1.5300; 1.5260; 1.5240

USDJPY

Near-term price action attacks the lower boundary of the triangle, after yesterday’s action was limited by daily 20SMA, keeping intact triangle’s top at 120.27 and more significant thin 127.37/70 daily Ichimoku cloud. Alignment of daily technicals is negative and will favor fresh downside attempts, while daily cloud caps. Sustained break below triangle support, currently at 120.68, will put pressure on short-term congestion floor at 119 zone and signal fresh direction, on violation of the latter.
Conversely, upside resumption requires break above daily cloud and 200SMA, currently at 120.87.

Res: 120.08; 120.27; 120.37; 120.70
Sup: 119.68; 119.23; 119.05; 118.67

AUDUSD
Aussie enters near-term corrective phase, after strong and uninterrupted rally from 0.6935 double-bottom, peaked at 0.7380, being limited by falling daily 100SMA. Corrective easing that returned into daily cloud and cracked psychological 0.7300 handle, so far holds above initial support at 0.7278, former peaks / Fibonacci 23.6% of 0.6935/0.7380 rally. Extended dips, which are signaled by overbought daily slow Stochastic, turning lower, should be ideally contained above 0.7210, Fibonacci 38.2% of 0.6935/0.7380, to keep overall bulls intact.

Res: 0.7362; 0.7380; 0.7409; 0.7435
Sup: 0.7291; 0.7273; 0.7210; 0.7180

 

[WindsorBrokers]

EURUSD

The pair closed in red yesterday, with psychological 1.13 support, reinforced by daily Kijun-sen line, containing dips for now. Near-term technicals are bearishly aligned and see risk of slide below 1.13 handle, for test of strong support zone that lies just below. Daily 20SMA offers initial support at 1.1280, followed by thin 1.1260/73 daily Ichimoku cloud and 1.1253, Fibonacci 61.8% of 1.1103/1.1494 rally.
However, setup of daily MA’s and indicators, remains bullish and signals possible reversal above strong support zone. Oversold daily slow Stochastic, support the notion.
Break below 1.1250 is needed to confirm bearish resumption, while bullish scenario requires lift above initial barrier at 1.1378, Fibonacci 38.2% of 1.1494/1.1304 / hourly lower base, as bullish signal. Return above 1.14 handle, is needed to confirm near-term bulls fully in play.


Res: 1.1378; 1.1395; 1.1422; 1.1450
Sup: 1.1300; 1.1270; 1.1253; 1.1230

GBPUSD

Cable remains in narrow near-term consolidation, entrenched within daily Ichimoku cloud, with fresh attempts above cloud top, underway. Near-term structure remains bullish and sees final push through 1.55 barrier and resumption of recovery rally, as favored scenario.
Bullish daily studies, with fresh attempts through 100SMA, which capped upside attempts in past few sessions and expanding 20d Bollinger bands, support scenario.
Daily slow Stochastic, which moves sideways in the overbought territory, warns of possible extended consolidation.
Daily cloud base at 1.5404, marks pivotal support and break lower would activate alternative scenario of stronger correction of 1.5198/1.5506 upleg.

Res: 1.5506; 1.5526; 1.5561; 1.5597
Sup: 1.5453; 1.5425; 1.5404; 1.5352

USDJPY


The pair extends near-term recovery from fresh low at 118.05 and probes above 119.65, last Friday’s recovery top / daily Kijun-sen line, after yesterday’s narrow consolidation. Near-term bulls are gaining traction and threaten to break above the first pivot at 119.85, daily 20SMA, which is expected to cap recovery rallies.
Break higher would sideline downside attempts, in favor of stronger recovery above 12 barrier, which would bring in focus breakpoint zone, shaped in thin daily Ichimoku cloud and laying at 120.32/70 span.
Otherwise, daily close below 20SMA, would signal an end of corrective phase and shift near-term focus lower again.

Res: 119.85; 120.00; 120.32; 120.70
Sup: 119.40; 119.12; 118.90; 118.70

AUDUSD

Aussie probes above descending daily cloud top again, following yesterday’s unsuccessful attempts above 0.73 barrier that left red daily candle with long upper shadow and weakened near-term structure.
Near-term studies hold neutral tone, as the price is entrenched within 0.7240/0.7305 range, in directionless mode.
Daily picture show the price action holding in triangular consolidation, following 0.7380/0.7196 corrective pullback. Setup of daily technicals remains bullish and favors fresh upside attempts, with 0.7305, marking initial barrier, followed by falling 100SMA at 0.7341 and 15 Oct lower top at 0.7361, to expose key 0.7380 peak.
On the downside, yesterday’s low at 0.7235, offers immediate support, guarding 0.7196 breakpoint, 14 Oct pullback’s low.

Res: 0.7305; 0.7341; 0.7361; 0.7380
Sup: 0.7273; 0.7235; 0.7196; 0.7157

 

[WindsorBrokers]

EURUSD

The Euro is back above 1.10 handle, where it closed on Friday, after recovery rally was capped by bear-trendline that connects 1.1712 and 1.1458 peaks at 1.1070 and daily candle with long upper shadow, signaled strong selling interest.
Further recovery cannot be ruled out, as daily slow Stochastic is heading north, after reversing from oversold zone, with potential probes above trendline resistance, now at 1.1055, expected to find strong barriers at 1.1082, falling daily 10SMA that formed Golden Cross and 200SMA 1.1107, which is expected to cap extended rallies.
Downside remains at risk, as bearish signal was given by strong bearish monthly close, with prolonged consolidation, signaled by weekly long-legged Doji and failure to close below monthly wedge support line, expected to precede fresh leg lower.


Res: 1.1048; 1.1082; 1.1107; 1.1138
Sup: 1.1011; 1.0964; 1.0895; 1.0862

GBPUSD

Cable remains well supported and looks for retest of strong 1.5506 barrier, lower platform, where several upside attempts were rejected, following last Friday’s strong rally that left the longest daily bullish candle after 14 Oct rally.
Bullish weekly and monthly close, support further upside, with another bullish signal, given by monthly Bullish Engulfing pattern.
Fresh strength probes above thin daily Ichimoku cloud, which doesn’t act as strong barrier.
Daily studies are positive, with daily MA’s, turning into firm bullish setup, after Friday’s strong rally, supporting final attack at1.5506 breakpoint.
Corrective dips could be anticipated before final break above 1.5506 platform, as near-term studies are entering overbought territory


Res: 1.5506; 1.5566; 1.5605; 1.5656
Sup: 1.5435; 1.5380; 1.5365; 1.5326

USDJPY

The pair continues to trade within 120.00/121.46, near-term congestion, following repeated rejection at strong 121.46 barrier. Return below daily cloud top at 120.73, which now acts as initial barrier and so far caps today’s action, weakens again near-term structure.
Extended consolidation is seen as favored near-term scenario, before the pair establishes in fresh direction, as the price remains in short-term directionless mode, holding within two-month range between 121.64 and 118.05.

Res: 120.70; 121.02; 121.46; 121.64
Sup: 120.16; 120.00; 119.60; 119.35

AUDUSD
The pair extends near-term recovery attempt off 0.7064, correction low, following Friday’s strong bullish close and today’s fresh rally that penetrated daily Ichimoku cloud base at 0.7120. Near-term technicals are gaining traction and see potential for further recovery.
Bullish monthly close could be seen as initial signal. However, rallies need to break above daily Ichimoku cloud top at 0.7180, reinforced by daily Tenkan-sen line and Fibonacci 38.2% of 0.7380/0.7064 downleg, to sideline downside risk and signal stronger correction.
Daily slow Stochastic is reversing from oversold zone and support scenario.
Lift above initial pivot at 0.7180, to expose next significant barriers at 0.7222, daily 20SMA and 0.7260, Fibonacci 61.8% retracement, break of which to confirm reversal.

Res: 0.7180; 0.7122; 0.7260; 0.7296
Sup: 0.7120; 0.7082; 0.7064; 0.7000