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[WindsorBrokers]

EUR/USD
Near-term structure strengthened again after descend from 1.3212, yesterday’s high, was contained by 20 day EMA, just ahead of 1.3000 support. Strong rally regained 1.3200 handle, penetrating daily Ichimoku cloud again, but struggling to sustain gains through bear-trendline, connecting 1.3232 and 1.3212 highs. Hourly studies remain positive, with 1.3115/00 zone, today’s intraday low / 20 day SMA, required to contain dips on overbought hourlies, with clearance of 1.3200/12 required for fresh attack at 1.3232. Loss of 1.3100 handle would risk return to 1.3000.

Res: 1.3075, 1.3090, 1.3100, 1.3136
Sup: 1.3115, 1.3000, 1.3090, 1.3025






GBP/USD
Strong rally from today’s low at 1.5705, surged through critical barrier at 1.5770/1.5800, Nov/Dec range ceiling / Fib 61.8% of 1.6164/1.5266, to hit fresh 8-week high at 1.5867, just ahead of our initial target at 1.5557, 18 Nov high and figure resistance at 1.5900. Positive short-term structure remains supportive, with supports at 1.5800 and 1.5770, expected to contain corrective action on overbought near-term conditions. Only loss of 1.5700 handle would weaken near-term structure.

Res: 1.5867, 1.5887, 1.5900, 1.5940
Sup: 1.5800, 1.5770, 1.5743, 1.5700





USD/JPY
Remains under pressure after losing key med-term support at 76.50, as the pair ticked lower off near-term narrow consolidation band and tested next support at 76.00. Negative structure keeps the downside in focus, for possible test of all-time low at 75.56 and further extension lower. Immediate barriers lie at 76.40/50, ahead of 76.75/85, while only regain of 77.00 would ease bear pressure.

Res: 76.40, 76.50, 76.75, 76.85
Sup: 76.00, 75.56, 75.00, 74.50





USD/CHF
Continues to move sideways, within 0.9113/0.9250 near-term range, after corrective bounce failed to sustain gains above initial barriers at 0.9208/27, when rally ran out of steam at 0.9250. Near-term studies remain turned towards the downside, as broader downtrend from 0.9600 barrier stays intact, with break below 0.9100 to open Fibonacci levels at 0.9075 and 0.8655, 50% & 61.8%. Only lift above range ceiling at 0.9250, also near Fib 61.8% of 0.9338/0.9113 downleg, to signal bottom and allow for stronger recovery.
  
Res: 0.9161, 0.9183, 0.9200, 0.9250
Sup: 0.9120, 0.9113, 0.9100, 0.9075






Second post:   2.2.2012 - 12:59 AM

EUR/USD
The upside remains capped under 1.3232, previous peak / Fib 38.2% of 1.4246/1.2622, during past couple of days, as the pair continues to move sideways, holding within 1.3025/1.3200 range. Wider picture, however, keeps short-term bullish structure intact, while daily 20 day EMA holds the downside at 1.3030 zone. Clear break above initial barrier at 1.3200/12, to open 1.3232, strong resistance for retest, above which to start fresh leg higher and expose 1.3300, daily 90 day EMA. Immediate support lies at 1.3140, ahead of 1.3100/1.3075 zone that is expected to hold the downside for now. Only loss of 1.3025, yesterday’s low and 1.3000, Fib 38.2% of 1.2622/1.3232, would weaken short-term structure.

Res: 1.3190, 1.3200, 1.3112, 1.3232
Sup: 1.3140, 1.3115, 1.3000, 1.3075





GBP/USD
Maintains positive structure after sharp rally through critical 1.5770/1.5800 barrier and yesterday’s close above here. The pair has so far reached initial target at 1.5880 zone, 18 Nov high, with 1.5900, figure resistance and 1.5940, 200 day SMA / Fib 76.4%, in focus. However, overbought near-term conditions, suggest corrective pullback may precede fresh rally, with initial levels at 1.5800/1.5570, now reverted to supports, ahead of 1.5700, above which dips should be contained. Only break here would sideline immediate bulls, in favor of stronger correction.

Res: 1.5881, 1.5887, 1.5900, 1.5940
Sup: 1.5817, 1.5800, 1.5770, 1.5743





USD/JPY
Remains under pressure after losing key med-term support at 76.50, as the pair ticked lower off near-term narrow consolidation band and tested 76.00 support. Near-term price action sees the pair in sideways mode, moving within very narrow range, with negative structure keeping the downside in focus, for possible test of all-time low at 75.56 and further extension lower. Immediate barriers lie at 76.40/50, ahead of 76.75/85, are expected to cap corrective rallies. Possible action of BOJ remains on the table.

Res: 76.40, 76.50, 76.75, 76.85
Sup: 76.00, 75.56, 75.00, 74.50






USD/CHF
Continues to move sideways, within 0.9113/0.9250 near-term range, after corrective bounce failed to sustain gains above initial barriers at 0.9208/27, when rally stalled just ahead of Fib 61.8% of 0.9338/0.9113 downleg at 0.9250. Resumption of short-term downtrend from 0.9600 is seen on a break below 0.9100, to open Fibonacci levels at 0.9075 and 0.8955, 50% and 61.8%, as negative daily studies and widening Bollingers, suggest fresh weakness. Only sustained break above range ceiling at 0.9250, would allow for stronger recovery.

Res: 0.9163, 0.9183, 0.9200, 0.9250
Sup: 0.9128, 0.9113, 0.9100, 0.9075