Today's Market Outlook

Daily Forex Technicals | Written by Windsor Brokers Ltd | Jan 19 09 08:16 GMT |

EURUSD Lower rejection off 1.3117/1.3081, 05/25 Nov former congestive tops, seen on 15 Jan, firms the tone towards 100-day MA near 1.3488 and 1.3536, 38.2% retracement of 1.4363/1.3025 fall. Downside 1.3236/1.3180 offers initial support. Res: 1.3415, 1.3488, 1.3534, 1.3630 Sup: 1.3236, 1.3180, 1.3110, 1.3093 GBPUSD Remains within 1.5720/1.4350 range, with the latest rally from 1.4468, 13 Jan higher low, now seeks for 1.5372 retest, break of which is required to resume recovery towards 1.5720. Loss of 1.4468 would delay, while below 1.4350 main support brings medium-term bears back to play. Res: 1.4915, 1.4960, 1.4982, 1.4502 Sup: 1.4800, 1.4750, 1.4700, 1.4650 USDJPY Last Friday's break higher signals fresh gains towards 91.66, 50% retracement of 94.65/88.48 fall, ahead of 92.29, 61.8% retracement. 90.08/89.74 area underpins the advance. Res: 91.66, 82.04, 92.33, 92.92 Sup: 90.74, 89.90, 89.72, 89.54 USDCHF Upside rejection at 1.1290 high on 15 Jan, risks bull easing to retrace the latest upleg from 1.0865 08 Jan higher low, targeting 1.1075/1.1025, 50/61.8% retracement of 1.0865/1.1290 ascend. Only clearance of 1.1290 will improve the short-term outlook. Res: 1.1280, 1.1310, 1.1378, 1.1447 Sup: 1.1135, 1.1120, 1.1098, 1.1069 Windsor Brokers Ltd http://www.windsorbrokers.biz The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.