Windsor Brokers - Short Term Technical Analysis for Majors (14:30 GMT)

[WindsorBrokers]

EUR/USD

Continues to trend higher off 1.3433, yearly low, posted on 02 Mar. The latest upleg from 1.3639/56 higher lows, now attempting through 1.3798, range ceiling, with clear break there to expose 1.3838/50 next. 1.3715 offers initial support, while 1.3656 expected contain corrective dips.

Res: 1.3816, 1.3838, 1.3850, 1.3883
Sup: 1.3715, 1.3700, 1.3681, 1.3656





GBP/USD

Extended recovery off 1.4780 low, clearing 1.5217/58 previous highs, and key 1.5345 resistance, to reach 1.5380 thus far. This now opens prospect for further recovery, opening initially 1.5417, 61.8% retracement of 1.5814/1.4780 decline, ahead of 1.5475, 24 Feb high. 1.5207/1.5194 offers initial support.

Res: 1.5380, 1.5417, 1.5475, 1.5520
Sup: 1.5258, 1.5207, 1.5194, 1.5174





USD/JPY

Rallied from 88.13, 04 Mar low, to reach 91.08 high on 12 Mar, before yesterday