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Thread: Short Term Technical Analysis for Majors by WindsorBrokers

  1. #291
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    Default Windsor Brokers - Short Term Technical Analysis for Majors (15:00 GMT)

    EUR/USD

    Continues to decline following an upside rejection at 1.3743 on 09 Feb and break through 1.36 support zone, to dent key near-term support at 1.3505. Clear break here will open way for fresh leg lower and expose 1.3483, 61.8% retracement of 1.2872/1.3680, ahead of 1.3395, 20 Jan low and 1.3365, 50% level. Near-term studies favor further weakness, with 1.3620/36 expected to cap corrective attempts on oversold hourly conditions.

    Res: 1.3540, 1.3575, 1.3620, 1.3636
    Sup: 1.3504, 1.3483, 1.3441, 1.3395




    GBP/USD

    Extends weakness through 1.6010/1.5990 support zone, to reach fresh low at 1.5964, after yesterday’s recovery failure at 1.6136. This marks nearly 61.8% retracement of 1.5750/1.6277 ascend, with break below the latter to trigger further extension reversal from 1.6277 peak, to possibly expose 1.5821 and 1.5750, key near-term higher low. Upside, 1.6010/35 zone offers immediate resistance, and only regain of 1.6136 to signal fresh strength.

    Res: 1.6010, 1.6035, 1.6068, 1.6112
    Sup: 1.5964, 1.5950, 1.5920, 1.5895





    USD/JPY

    Bounce off 81.10, 04 Feb fresh low, keeps near-term focus at the upside after support was found at 82.19, and clearance of 83.00/20 resistance zone, now approaching 83.67, 07 Jan high. Break here is required to confirm higher low at 81.10 and open key short-term resistance at 84.49, break of which will signal an extension of recovery attempt from 80.24, 01 Nov 2010 low. Correction on overbought hourly conditions is under way, with 82.60/50 expected to contain dips.

    Res: 83.67, 83.88, 84.49, 85.00
    Sup: 83.05, 82.60, 82.50, 82.19






    USD/CHF

    Extends near-term recovery from 0.9327, to break above 0.9685, 21 Jan previous high and 0.97 barrier, and extend gains to 0.9747 so far.. This brings in focus key near-term resistance zone at 0.9762/84, clearance of which is required to resume recovery from 0.9301, 31 Dec 2010 historical low. Immediate support lies at 0.9685, now reverted to support, with further dips to be contained by 0.9587, to keep immediate bulls in play.

    Res: 0.9747, 0.9762, 0.9784, 0.9800
    Sup: 0.9685, 0.9660, 0.9625, 0.9587


  2. #292
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    Default Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)

    EUR/USD

    Trades in a corrective/consolidative mode after fresh weakness from 1.3743, 07 Feb lower high, briefly broke below 1.3507, 07 Feb low, last Friday. Immediate resistance lies at 1.3570/76, ahead of 1.3619/37, 50% retracement of 1.3743/1.3496 down leg / 10 Feb high. Downside, 1.3516/1.3496, 55 day MA / Friday’s fresh low, underpins the corrective attempt, while regain of 1.3650 needed to re-expose 1.3743, otherwise, early upside rejection lower top and fresh attempt at 1.3496, loss of which will resume the near-term downtrend and open 1.3483, 61.8% of 1.2872/1.3860, then 1.3395, 20 Jan low.

    Res: 1.3557, 1.3576, 1.3619, 1.3636
    Sup: 1.3527, 1.3507, 1.3496, 1.3483





    GBP/USD

    Upside rejection at 1.6136 triggered fresh weakness through 1.6010/1.5990 support zone, to post fresh lows at 1.5964/57 last Friday. Recovery attempt is under way, with clearance of 1.6090, trendline connecting 1.6277 and 1.6136, needed to signal further recovery and look for test of 1.6136. Above here to target 1.6157/84 zone. Failure under 1.6136, however, would signal resumption of recent downtrend from 1.6277 and re-open 1.5957, then 1.5821, possibly 1.5750, key near-term support, on a break..

    Res: 1.6076, 1.6090, 1.6112, 1.6136
    Sup: 1.6000, 1.5964, 1.5957, 1.5920





    USD/JPY

    Remains a in a near-term uptrend off 81.10, 04 Feb low, with break above 83.20 barrier, extending gains to test 83.67, 07 Jan lower high. Break here is needed to open key near-term resistance at 84.49, break of which will signal an extension of recovery from 80.24, 01 Nov 2010 low. Immediate support lies at 83 zone, while loss of 82.19/07 will end hopes of recovery and re-focus 81.10/80.92.

    Res: 83.67, 83.88, 84.49, 85.00
    Sup: 83.05, 82.80, 82.60, 82.19




    USD/CHF

    Extends near-term recovery from 0.9327, to break above 0.9685/0.97 resistance zone, and 0.9762, extending gains to 0.9773, just under key short-term resistance at 0.9784. Clearance of the latter will confirm double bottom and open way for fresh leg higher, exposing 0.9850 initially. Downside, 0.9680/60 zone offers immediate support, while only loss of 0.9520/00 will turn focus lower.


    Res: 0.9773, 0.9784, 0.9800, 0.9850
    Sup: 0.9680, 0.9660, 0.9603, 0.9550


  3. #293
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    Default Windsor Brokers - Short Term Technical Analysis for Majors (14:00 GMT)

    EUR/USD

    Today’s recovery attempt off 1.3496 was capped by 1.3555, with subsequent reversal breaking through 1.3496/83 supports, to extend losses to 1.3427 and test previous 31 Dec 10 / 04 Jan 11 highs, so far. Near-term outlook favors further weakness and brings 1.3395/66, 20 Jan low / 50% of 1.2872/1.3860, in focus next. Oversold hourly conditions, however, see scope for correction, with immediate resistance at 1.3500/10, and 1.3555/70 expected to cap.

    Res: 1.3496, 1.3507, 1.3557, 1.3570
    Sup: 1.3427, 1.3395, 1.3366, 1.3350




    GBP/USD

    Upside failure at 1.6076, just under trendline resistance at 1.6085 keeps near-term focus at the downside, with break under 1.60, exposing key levels at 1.5965, triangle support and 1.5957/50, previous low / 61.8% of 1.5750/1.6277, break of which to expose key higher lows at 1.5821 and 1.5750. Upside remains limited by 1.6076/85 for now.

    Res: 1.6034, 1.6076, 1.6085, 1.6112
    Sup: 1.5964, 1.5957, 1.5950, 1.5920





    USD/JPY
    Resumes near-term uptrend from 81.10, 04 Feb low, after pullback from 83.66 fresh high, found support, just above 83, ahead of fresh strength. Clearance of 83.66/67 to expose key near-term resistance at 84.49, break of which will signal an extension of recovery from 80.24, 01 Nov 2010 low. Immediate support lies at 83 zone, while loss of 82.19/07 will end hopes of recovery and re-focus 81.10/80.92.

    Res: 83.67, 83.88, 84.49, 85.00
    Sup: 83.05, 82.80, 82.60, 82.19






    USD/CHF

    Extends near-term recovery from 0.9327, to break above 0.9685/0.97 resistance zone, and 0.9762, extending gains to 0.9773, just under key short-term resistance at 0.9784. Clearance of the latter will confirm double bottom and open way for fresh leg higher, exposing 0.9850 initially. Downside, 0.9680/60 zone offers immediate support, while only loss of 0.9520/00 will turn focus lower.


    Res: 0.9773, 0.9784, 0.9800, 0.9850
    Sup: 0.9700, 0.9680, 0.9660, 0.9603


  4. #294
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    Default Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)

    EUR/USD

    Yesterday’s recovery attempt from 1.35 zone was capped by 1.3555 and followed by sharp fall to post fresh low at 1.3427, retracing between 38.2% and 50% of 1.2872/1.3860 ascend. Correction off 1.3427 is seen limited by 1.3555/70, with break of the latter to signal recovery towards 1.3625/35 and possible attempt at 1.3670, descending trendline, connecting 1.3860 and 1.3743. Holding below 1.3570, however, suggest a resumption of near-term bears and loss of 1.3427 to turn focus to 1.3395, 20 Jan low / channel support and 1.3366, 50% retracement, break of which would accelerate losses and expose 1.3252/43, 61.8% / 17 Jan higher low.

    Res: 1.3526, 1.3557, 1.3570, 1.3618
    Sup: 1.3427, 1.3395, 1.3366, 1.3350




    GBP/USD

    Remains in near-term downtrend off 1.6277, 03 Feb low, narrowing the range after recovery attempt from fresh low at 1.5960, 61.8% of 1.5750/1.6277 upleg stays capped by 1.6076/61. Break below 1.6000/1.5960 is required to signal fresh weakness and look for attack at key near-term supports at 1.5821/1.5750, loss of which would confirm lower top at 1.6277 and open way for possible test of 1.5404/1.5343, short-term.

    Res: 1.6060, 1.6076, 1.6085, 1.6112
    Sup: 1.5980, 1.5964, 1.5957, 1.5950





    USD/JPY

    Near-term uptrend off 81.10, 04 Feb low, has fully retraced the recent 83.67/81.10 decline, with correction to 83.08 followed. Fresh strength looks to break through 83.67 to expose key near-term resistance at 84.49, clearance of which will confirm higher lows at 80.92/81.10 and extension of broader recovery attempt from 80.24, 2010 low.

    Res: 83.67, 83.88, 84.49, 85.00
    Sup:83.18, 83.05, 82.80, 82.60






    USD/CHF

    Extends near-term recovery from 0.9327, to clear 0.9685/0.97 and 0.9762 resistances, extending gains to 0.9773, just under key short-term resistance at 0.9784. Correction lower has so far found foothold at 0.9680, with fresh strength looking for retest of 0.9773/84, break of which is needed to confirm higher low at 0.9327 and open way for stronger recovery towards 0.9850/0.9910. At the downside, immediate support lies at 0.9680, ahead of 0.9603/0.9550, 38.2% / 50% retracement of 0.9327/0.9773 ascend.

    Res: 0.9741, 0.9773, 0.9784, 0.9800
    Sup: 0.9680, 0.9660, 0.9603, 0.9550


  5. #295
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    Default Windsor Brokers - Short Term Technical Analysis for Majors (14:30 GMT)

    EUR/USD

    Extended decline from 1.3743 09 Feb lower high, to post fresh low at 1.3427 yesterday, ahead of the latest recovery attempt. This is seen capped by 1.3550, 38.2% of 1.3743/1.3427 decline for now, with lift above 1.3550/76 required to signal further recovery and open 1.3584, 50%, and 1.3620/37, 61.8% / 10 Feb intraday high. Upside rejection under 1.36, however, signal lower top and fresh weakness for retest of 1.3427 and attempt at 1.3395, 20 Jan low / channel support and 1.3366, 50% retracement of 1.2872/1.3860 upleg.

    Res: 1.3550, 1.3557, 1.3570, 1.3620
    Sup: 1.3460, 1.3427, 1.3395, 1.3366




    GBP/USD

    Reversal from 1.6277, 03 Feb high, has so far found good support at 1.60 zone, ahead of strong rally that cleared several resistances and retraced over 61.8% of 1.6277/1.5996 decline at 1.6169, just ahead of 1.6184, 07 Feb lower high. Break here is needed to open way for test of 1.6277/97, key near-term resistances, clearance of which will trigger fresh phase higher. Immediate support lies at 1.6114/05.

    Res: 1.6169, 1.6184, 1.6228, 1.6277
    Sup: 1.6114, 1.6105, 1.6090, 1.6076





    USD/JPY

    Extends recovery from 81.10 low to break above 83.67, previous high of 07 Feb to test 83.90, 21 Dec 2010 high, ahead of possible extension to 84.19 and final attempt at 84.49, 15 Dec 2010 high and key short-term resistance. Break here is needed to trigger fresh leg higher on recovery attempt from 80.24, 01 Nov 2010 low. Higher platform at 83.18/07 underpins the advance.

    Res: 83.90, 84.19, 84.49, 85.00
    Sup: 83.58, 83.18, 83.05, 82.80





    USD/CHF

    Extends near-term recovery from 0.9327, through 0.9685/ 0.9762 resistances, extending gains to 0.9773, just under key short-term resistance at 0.9784. Correction lower has so far found foothold at 0.9680, with fresh strength looking for retest of 0.9773/84, break of which is needed to confirm higher low at 0.9327 and open way for stronger recovery towards 0.9850/0.9910. At the downside, immediate support lies at 0.9680, ahead of 0.9603/0.9550, 38.2% / 50% retracement of 0.9327/0.9773 ascend.


    Res: 0.9741, 0.9773, 0.9784, 0.9800
    Sup: 0.9680, 0.9660, 0.9603, 0.9550



  6. #296
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    Default Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)

    EUR/USD

    Near-term price action has found temporary support at 1.3427, with fresh strength attempting through 1.3555/76 resistance zone. Break here is needed to confirm immediate recovery mode and look for upside extension towards 1.3625/35, then trendline resistance, currently at 1.37. Failure to clearly break above 1.3576 will signal a resumption of near-term downtrend from 1.3860 and loss of 1.3427 to turn focus to 1.3395, 20 Jan low / channel support and 1.3366, 50% retracement, break of which would accelerate losses and expose 1.3252/43, 61.8% / 17 Jan higher low.

    Res: 1.3569, 1.3576, 1.3620, 1.3635
    Sup: 1.3519, 1.3475, 1.3460, 1.3427




    GBP/USD

    Maintains near-term positive tone after reversal from 1.6277 high left a higher low at 1.5957 on 14 Feb. Fresh bulls emerging from the latter have so far retraced over 61.8% of 1.6277/1.5957 downleg, to attempt at 1.6184, en-route to key resistances at 1.6277/97. Break above here will signal fresh phase higher and extension of broader recovery from 1.4230, 16 May 2010 higher low. Higher platform at 1.6118 offers immediate support, while loss of 1.6070 would question near-term bulls.

    Res: 1.6184, 1.6228, 1.6277, 1.6297
    Sup: 1.6140, 1.6118, 1.6105, 1.6095





    USD/JPY

    Extends recovery from 81.10 low to break above 83.67, previous high of 07 Feb and test 83.90, 21 Dec 2010 high, ahead of possible extension to 84.19 and final attempt at 84.49, 15 Dec 2010 high and key short-term resistance. Break here is needed to trigger fresh leg higher on recovery attempt from 80.24, 01 Nov 2010 low. Higher platform at 83.18/07 underpins the advance.

    Res: 83.90, 84.19, 84.49, 85.00
    Sup: 83.60, 83.18, 83.05, 82.80





    USD/CHF

    Extended near-term recovery from 0.9327, 02 Feb low, to nearly fully retrace 0.9782/0.9327 decline, reaching 0.9773, ahead of pullback on overbought hourly conditions. This is seen corrective while 0.9600/0.9550 zone holds, with scope for retest of 0.9784. Break here is needed to signal fresh recovery and focus 0.9850/0.9925 next. Only loss of 0.9520/00 zone would sideline near-term bulls.

    Res: 0.9673, 0.9727, 0.9741, 0.9773
    Sup: 0.9603, 0.9550, 0.9520, 0.9500


  7. #297
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    Default Windsor Brokers - Short Term Technical Analysis for Majors (14:00 GMT)

    EUR/USD

    Near-term bulls remain capped by 1.3570/76 zone for now, as renewed attempt higher stalls at 1.3569 today. Subsequent reversal has so far seen brief dip below 1.35, with sustained break lower to turn immediate tone negative and focus 1.3475/50, ahead of possible return to 1.3427, loss of which will resume the broader downtrend from 1.3860 and open 1.3395 next. Early downside rejection above 1.3475, however, would signal fresh strength, with clearance of 1.3576 needed to confirm.

    Res: 1.3550, 1.3569, 1.3576, 1.3620
    Sup: 1.3475, 1.3460, 1.3427, 1.3395





    GBP/USD

    Has extended recovery from 1.5957, 14 Feb low, to test 1.6184, 07 Feb previous high, ahead of sharp reversal. Near-term tone is now negative, looking for break below 1.6005, to focus 1.5957, break of which would confirm lower high at 1.6184 and open way towards 1.5821 and 1.5750, 31/25 Jan higher lows. At the upside, 1.6080/1.6118 cap for now.

    Res: 1.6080, 1.6118, 1.6169, 1.6184
    Sup: 1.5980, 1.5957, 1.5911, 1.5862





    USD/JPY

    Extends recovery from 81.10 low to break above 83.67, previous high of 07 Feb and test 83.90, 21 Dec 2010 high, ahead of possible extension to 84.19 and final attempt at 84.49, 15 Dec 2010 high and key short-term resistance. Break here is needed to trigger fresh leg higher on recovery attempt from 80.24, 01 Nov 2010 low. Higher platform at 83.18/07 underpins the advance.

    Res: 83.90, 84.19, 84.49, 85.00
    Sup: 83.60, 83.18, 83.05, 82.80





    USD/CHF

    Reversal off 0.9773, 11 Feb high, found support at 0.9615, just above 38.2% retracement of 0.9327/0.9773 ascend, ahead of strong rally. Market has so far regained 0.9337, en-route to 0.9773/84 resistance zone, break of which will trigger fresh recovery and focus 0.9850/0.9925 next. Downside, 0.9662 offers immediate support.

    Res: 0.9737, 0.9743, 0.9773, 0.9784
    Sup: 0.9714, 0.9684, 0.9660, 0.9642


  8. #298
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    Default Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)

    EUR/USD

    Near-term recovery from 1.3427, 14 Feb low, has so far tested 1.3608, after several unsuccessful attempts at 1.3570/76 resistance zone, with subsequent pullback finding support at 1.3461. Immediate target lies at 1.3620, 11 Feb low / 61.8% of 1.3743/1.3427 downleg and 1.3637, 10 Feb intraday high, break of which would open way for retest of 1.3743, key near-term lower top. Clearance of the latter will signal an end of correction from 1.3860, 02 Feb top. At the downside, strong support lies at 1.3461, ahead of key 1.3427, loss of which will resume correction of 1.2872/1.3860 ascend and expose 1.3395/61, 20 Jan low / 61.8% retracement .

    Res: 1.3608, 1.3620, 1.3637, 1.3652
    Sup: 1.3550, 1.3475, 1.3460, 1.3427




    GBP/USD

    Trades in a corrective / consolidative mode after pullback from 1.6277, 03 Feb fresh high, found support at 1.5957. However, upside remains capped at 1.6184, with break here required to open 1.6277/97, key resistance zone, and clearance here to resume broader recovery from 1.4230, May 2010 yearly low. 1.5985/57, recent range bottom, offers initial support and while trading above here, near-term focus remains at the upside. Break below 1.5957 would weaken the structure and expose 1.5821/1.5750 lows, near-term.

    Res: 1.6118, 1.6169, 1.6184, 1.6228
    Sup: 1.6083, 1.6057, 1.5985, 1.5957





    USD/JPY

    Break above 83.67 resistance has extended recovery from 81.10, 04 Feb yearly low, to test 84.00 zone so far, ahead of key short-term resistance area at 84.39/49, break of which is needed to trigger fresh recovery phase from 80.24, Nov 2011 15-year low and expose 85.40/90 next. At the downside, 83.20/00 zone is expected to contain corrective pullbacks, to maintain immediate bulls, otherwise, loss of the latter to signal stronger correction into 82.87/50, Fibonacci retracement 38.2% and 50% zone.

    Res: 83.99, 84.19, 84.49, 85.00
    Sup: 83.18, 83.05, 82.87, 82.54






    USD/CHF

    Has retraced 50% of 0.9327/0.9773 upleg after recovery attempt from 0.9327, 02 Feb higher low failed at 0.9773, just under key near-term barrier at 0.9782, with subsequent reversal dipping to 0.9552 so far. Near-term tone has turned negative and favors further weakness towards 0.9520/00 zone, while 0.9737, yesterday’s lower top caps, with break here needed to expose 0.9773/82, above which will signal an extension of correction from 0.9301/27, 31 Dec 2010 historical low / 02 Feb 2011 low, and open 0.9850/0.99 zone next.

    Res: 0.9737, 0.9743, 0.9773, 0.9784
    Sup : 0.9552, 0.9522, 0.9500, 0.9462


  9. #299
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    Default Windsor Brokers - Short Term Technical Analysis for Majors (14:30 GMT)

    EUR/USD

    Consolidates above 1.3535 after recovery from 1.3427, 14 Feb low, and 1.3461 higher low, stalled at 1.3608. Holding above 1.3535, today’s higher platform, keeps immediate focus at the upside, with clearance of 1.3608 to target 1.3620, 11 Feb low / 61.8% of 1.3743/1.3427 downleg and 1.3637, 10 Feb intraday high, break of which would open way for retest of 1.3743, key near-term lower top. Loss of 1.3535, however, delays, while below 1.3461/1.3527, key near-term supports will signal fresh extension of 1.2872/1.3860 upleg correction.

    Res: 1.3590, 1.3608, 1.3620, 1.3637
    Sup: 1.3550, 1.3535, 1.3475, 1.3460




    GBP/USD

    Trades in a corrective / consolidative mode after pullback from 1.6277, 03 Feb fresh high, found support at 1.5957. Upside remains capped at 1.6170/84 for now, with break here required to open 1.6277/97, key resistance zone, and clearance here to resume broader recovery from 1.4230, May 2010 yearly low. 1.5985/57, recent range bottom, offers initial support and while trading above here, near-term focus remains at the upside. Break below 1.5957 would weaken the structure and expose 1.5821/1.5750 lows, near-term.

    Res: 1.6145, 1.6170, 1.6184, 1.6228
    Sup: 1.6112, 1.6075, 1.6057, 1.5985





    USD/JPY

    Break above 83.67 resistance has extended recovery from 81.10, 04 Feb yearly low, to test 84.00 zone so far, ahead of key short-term resistance area at 84.39/49, break of which is needed to trigger fresh recovery phase from 80.24, Nov 2011 15-year low and expose 85.40/90 next. At the downside, 83.20/00 zone is expected to contain corrective pullbacks, to maintain immediate bulls, otherwise, loss of the latter to signal stronger correction into 82.87/50, Fibonacci retracement 38.2% and 50% zone.

    Res: 83.73, 83.96, 84.19, 84.49
    Sup: 83.18, 83.08, 82.87, 82.54





    USD/CHF

    Broke below 0.9550 support, to extend reversal off 0.9773, 11 Feb peak, to 0.9510, just above 0.9500, 61.8% retracement of 0.9327, 02 Feb low. Negative near-term tone looks for break below 0.9500 to signal an end of recovery attempt and focus 0.9462/20, ahead of possible full retracement of the recent ascend. At the upside, 0.9600 offers immediate resistance.

    Res: 0.9581, 0.9600, 0.9638, 0.9690
    Sup : 0.9500, 0.9462, 0.9420, 0.9394

  10. #300
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    Default Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)

    EUR/USD

    Maintains positive near-term tone after Friday’s reversal found support at 1.3545 and sharp rally broke above 1.37 barrier, 61.8% retracement of 1.3860/1.3427 decline.. Corrective pullback is seen preceding fresh strength, with 1.3650/30 expected to contain dips. Above 1.3714, overnight high, immediate focus turns to 1.3743, 09 Feb lower high. Clearance of the latter to signal an end of correction from 1.3860 and expose 1.3766/88 next.

    Res: 1.3714, 1.3743, 1.3766, 1.3788
    Sup: 1.3665, 1.3645, 1.3620, 1.3605






    GBP/USD

    Has nearly fully retraced the recent pullback from 1.6277, 03 Feb high, that bottomed at 1.5957. Fresh strength has so far reached 1.6262, en-route to 1.6277 lower high, break of which to expose key short-term resistance at 1.6297. Above here to open fresh phase higher of the broader recovery from 1.4230. At the downside, 1.6200/1.6185 offers initial support, with 1.6150 expected to hold dips, to keep immediate bulls in play.


    Res: 1.6248, 1.6277, 1.6297, 1.6350
    Sup: 1.6205, 1.6185, 1.6149, 1.6110





    USD/JPY

    Remains in a near-term corrective/consolidative mode after break above 83.67, previous high, peaked at 83.96, ahead of 84.49, key short-term resistance. Support zone at 83.10/00 area, 55 day MA / 14/17 Feb lows, also neckline of asymmetric head and shoulders pattern on 4 hour chart, is tested so far, and loss here would signal further correction and open 82.87/52, 38.2% / 50% retracement of 81.10/83.96 upleg.

    Res: 83.52, 83.73, 83.96, 84.19
    Sup: 83.01, 82.87, 82.52, 82.20




    USD/CHF

    Extends reversal from 0.9773, 11 Feb peak, breaking through 0.9500, 61.8% retracement of 0.9327, 02 Feb low, to post fresh low at 0.9432, 76.4% retracement of 0.9327/0.9773 ascend. This signals an end of recovery attempt from 0.9327, 02 Feb low, as negative near-term studies look for further downside extension and test of 0.9420/0.9394, ahead of possible full retracement of the recent upleg. Corrective attempts are seen capped by 0.9536 for now.

    Res: 0.9536, 0.9551, 0.9581, 0.9600
    Sup: 0.9432, 0.9420, 0.9365, 0.9327


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