Short Term Technical Analysis for Majors (13:30 GMT)

[WindsorBrokers]

EUR/USD

Remains in neutral near-term mode, moving within narrow 1.3900/55 range. Upside action is for now capped by 200 day EMA, while today’s dips were contained at 1.3900, ahead of strong supports at 1.3850/20. Entering the daily Ichimoku cloud would signal fresh gains, with clearance of 1.3955 to focus the next barrier zone at 1.4000/90, Fibonacci level / 200 day SMA. Only loss of 1.3820 would softer near-term structure.

Res: 1.3935, 1.3959, 1.4000, 1.4056
Sup: 1.3888, 1.3876, 1.3850, 1.3820




GBP/USD

Returns to 1.6000 zone after pullback from today’s high at 1.6040 was contained by 4-hour 20 day SMA at 1.5970. Hourly studies are regaining strength, with clearance of 1.6040, to extend short-term bulls from 1.5271 and open 1.6100/36, Fib 61.8% / 200 day MA. On the downside, initial supports lie at 1.5970/55, also 23.6% Fibonacci retracement of 1.5681/1.6040.

Res: 1.6040, 1.6082, 1.6100, 1.6110
Sup: 1.6000, 1.5970, 1.5955, 1.5900




USD/JPY

Remains under pressure, posting another marginal fresh record low at 75.70, earlier today. Daily studies are entering negative territory, after being congested within a narrow range for over two months, and looking for fresh weakness towards 75.00, initial target. Immediate barriers lie at 76.30/50, while only regain of zone above 77.00/50 would improve short-term structure.

Res: 76.00, 76.29, 76.47, 76.55
Sup: 75.70, 75.50, 75.00, 74.50





USD/CHF

Continues to travel south, as negative short-term studies continue to pressure, with today’s dip through 0.8750, 200 day SMA, extending losses to 0.8727 so far. Next targets lie at 0.8700 and 0.8646, Fib 38.2% of 0.7710/0.9313 upleg / 15 Sep low. Barriers at 0.8850/80 are expected to cap for now.

Res: 0.8770, 0.8800, 0.8845, 0.8880
Sup: 0.8727, 0.8700, 0.8646, 0.8600