Windsor Brokers - Short Term Technical Analysis for Majors (08:15 GMT)

[WindsorBrokers]

EUR/USD

Correction off 1.3114 stalled at 1.3360 yesterday, ahead of sharp reversal. This confirms the underlying bear structure. Break through1.3141 will open 1.3114 where an eventual loss will expose 1.3090 first. Near-term, 1.2885 is seen next. Upside, 1.3223/52 expected to cap.

Res: 1.3211, 1.3223, 1.3252, 1.3342
Sup: 1.3141, 1.3114, 1.3090, 1.2965




GBP/USD

Recent failure to sustain gains off daily double bottom at 1.4780/1.4797 had been triggered warns of a relapse back towards 1.5141 initially. Hourly structure remains negative with a bear flag now triggered, and potential break through 1.5141/24 to re-focus 1.4797/80. Only regain of 1.5389 to improve the outlook.

Res: 1.5334, 1.5364, 1.5389, 1.5421
Sup: 1.5160, 1.5141, 1.5124, 1.5075




USD/JPY

Maintains positive structure, with today