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

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EUR/USD

Upside failure at 1.3691 on 12 Apr has seen a dip to 1.3544, ahead of renewed attempt higher. This has left a lower top at 1.3677 yesterday, followed by fresh weakness. The latest breach of 1.3544 now risks resumption of the underlying bear trend and focuses 1.3496/45 next.

Res: 1.3595, 1.3677, 1.3691, 1.3735
Sup: 1.3520, 1.3496, 1.3459, 1.3445




GBP/USD

Short-term structure from 1.4797 higher low suggests scope for a pullback, after bulls failed at 1.5520 today. The latest break under 1.5454/30 now increases possibilities of fresh weakness, with current advance seen corrective, while 1.5480/1.5500 caps. Only clearance of 1.5520 would negate immediate bears.

Res: 1.5480, 1.5500, 1.5520, 1.5535
Sup: 1.5375, 1.5335, 1.5265, 1.5235




USD/JPY

Bounce off 92.56 floor has pushed higher to breach 93.25, trendline off 94.77, 05 Apr high, to reach 93.70 thus far. Above 93.70/78 will now firm further for initial upside to 94.25/77, while 92.82 buoys advance for now.

Res: 93.70, 93.78, 94.25, 94.77
Sup: 92.99, 92.81, 92.56, 92.45




USD/CHF

Drifted lower within a broad near-term flat consolidation, with 1.0500 being reached yesterday, ahead of today