Windsor Brokers - Short Term Technical Analysis for Majors (13:45 GMT)

[WindsorBrokers]

EUR/USD

Maintains weak tone from 1.3691/1.3677 area, with 1.3520 low reached yesterday, ahead of a bounce that left a lower ceiling at 1.3583. The latest break below 1.3520 and 1.3496 looks for further weakness to 1.3445, possibly 1.3340 on a break. Near- term, extension to 1.3340 is likely, as medium-term structure remains negative.

Res: 1.3595, 1.3650, 1.3677, 1.3691
Sup: 1.3496, 1.3459, 1.3445, 1.3410





GBP/USD

Three legged consolidation off the recent high at 1.5523 may be completed, with scope now for a swing higher to complete the recovery off 1.4780, annual low. Only loss of 1.5335/15 to weaken the structure and allow stronger correction..

Res: 1.5472, 1.5484, 1.5500, 1.5520
Sup: 1.5365, 1.5335, 1.5315, 1.5265




USD/JPY

Testing 92.56, 16 Apr low, after an upside failure to breach 93.79. Structure remains corrective off 94.78, 05 Apr high. Strong support stands at 92.26/11 and this should buoy a fresh push higher. Break above 93.17 firms for 93.78.

Res: 93.17, 93.70, 93.78, 94.25
Sup: 92.52, 92.26, 92.11, 92.75




USD/CHF

Rallies higher, after decline from 1.0784, 08 Apr high, found base at 1.0500 zone. Yesterday