Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)

[WindsorBrokers]

EUR/USD

Reversal off 1.2468, 21 June high, cleared 1.2243/40 levels, and found support at 1.2208 yesterday, ahead of bounce. This so far attempted at 1.2353, though clear break here is required to sustain recovery for retest of 1.2468, otherwise, forming a lower top and fresh weakness would be likely scenario. Break below 1.2208 to expose 1.2162 next.

Res: 1.2353, 1.2398, 1.2415, 1.2468
Sup: 1.2270, 1.2243, 1.2208, 1.2162




GBP/USD

Continues to channel higher, with the latest push off 1.4686, 22 June higher low, breaking through 1.4935/41 resistance zone, to post fresh high at 1.4998 today. Scope is now seen for test of 1.5030, 61.8% retracement of 1.5523/1.4230 decline; 1.5044/52, 12/10 May highs and final attempt at 1.5060, upper channel boundary. Immediate support lies at 1.4857/13 and loss of the latter to delay short-term bulls.

Res: 1.5005, 1.5030, 1.5044, 1.5052
Sup: 1.4857, 1.4813, 1.4801, 1.4748




USD/JPY
Continues to trend lower off 91.47, 21 June key lower top. The latest break below 89.72, yesterday