Windsor Brokers - Short Term Technical Analysis for Majors (08:10 GMT)

[WindsorBrokers]

EUR/USD

Extends recovery from 1.2643 higher low, clearing key 1.2931 and 1.3045 resistances, to approach 1.3158, 76.4% retracement of 1.3332/1.2586. Break here to open 1.3227 next, with full retracement at 1.3332 not ruled out. Downside, 1.3047/35 zone offers initial support.

Res: 1.3158, 1.3186, 1.3227, 1.3260
Sup: 1.3047, 1.3035, 1.3010, 1.2975





GBP/USD

Continues to trend higher, clearing the first barrier at 1.5700, en route to 1.5728, 61.8% retracement of 1.5997/1.5295 decline. This may offer a stronger resistance, together with overbought hourly conditions, to trigger a correction before continuing the uptrend. Downside, 1.5650 offers initial support, while below 1.5535 risks deeper pullback.

Res: 1.5728, 1.5760, 1.5820, 1.5865
Sup: 1.5650, 1.5595, 1.5575, 1.5535





USD/JPY

Extends rally following the downside rejection at 82.86, with clearance of 85.91 to focus 86.40, 13 Aug high, and 86.67, 38.2% of 92.10/82.86 descend. Correction lower should be contained by yesterday