Windsor Brokers - Short Term Technical Analysis for Majors (08:20 GMT)

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EUR/USD

Remains in a consolidative mode, following strong rally from 1.2643. Clearance of the key 1.2920/31 resistance area, reached 1.3035, just under the objective at 1.3045, 61.8% retracement of 1.3332/1.2586 downleg. Break here will open 1.3074/1.3128 next, while reversal under 1.2955/20 would delay.

Res: 1.3035, 1.3045, 1.3074, 1.3128
Sup: 1.2955, 1.2920, 1.2875, 1.2828





GBP/USD

The latest price action has seen a test of 50% of the 1.5996/1.5296 fall, at 1.5648. While 1.5480/47 holds, the recovery remains intact for potential further gains. An eventual lower high is sought for a resumption of the downtrend.

Res: 1.5650, 1.5672, 1.5689, 1.5703
Sup: 1.5575, 1.5510, 1.5480, 1.5447





USD/JPY

Yesterday