Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)

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EUR/USD

Has found foothold at 1.3544, near 38.2% retracement of 1.3280/1.3691 upleg, yesterday, with break above 1.3619/26, firming the tone for 1.3691 retest. Break here opens 1.3735 first, ahead of possible attempt to 1.3795 and key 1.3816 high. Loss of 1.3544, however, would weaken near-term outlook and shift focus lower, as medium-term structure remains negative.

Res: 1.3664, 1.3691, 1.3735, 1.3795
Sup: 1.3600, 1.3585, 1.3565, 1.3544





GBP/USD

Remains in a near-term consolidative mode, with a mild upwards bias still in place, with regain of 1.5484 needed to confirm. However, recent structure suggests that this may be the final phase of the rise off 1.4797. Longer-term outlook continues to be negative.

Res: 1.5461, 1.5484, 1.5520, 1.5535
Sup: 1.5347, 1.5335, 1.5313, 1.5267





USD/JPY

Continues to trend higher, following bounce off 92.56, yesterday