Windsor Brokers - Short Term Technical Analysis for Majors (07:40 GMT)

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EUR/USD

Surges higher after break through trendline resistance and 61.8% retracement of 1.5144/1.1875, to attempt at 1.4000 psychological level. Break higher opens 1.4025, 03 Mar high, with 1.4193, 25 Jan high seen near-term. Downside, 1.3797 offers key near-term support and potential break lower to delay bulls.

Res: 1.4000, 1.4025, 1.4055, 1.4065
Sup: 1.3880, 1.3858, 1.3805, 1.3797





GBP/USD

Maintains positive structure off 1.5668, 30 Sep higher low, with minor continuation now setting up a likely challenge on 1.5997, 06 Aug high, break of which would firm the multiweek tone. Immediate support now lies at 1.5830 while loss of key 1.5750 support weakens the structure.

Res: 1.5937, 1.5965, 1.5997, 1.6010
Sup: 1.5830, 1.5790, 1.5750, 1.5750





USD/JPY

Continues to trend lower, with yesterday