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

[WindsorBrokers]

EUR/USD

Break through key pivotal resistance at 1.3332 today has sparked fresh gains through 1.3417/22, April highs, to reach 1.3438 so far. Market now looks for test of 1.3510/23, 50% of 1.5144/1.1875 decline/20 Apr high. 1.3266/32 zone supports the advance.

Res: 1.3419, 1.3438, 1.3510, 1.3523
Sup: 1.3350, 1.3300, 1.3266, 1.3232




GBP/USD

Rally off 1.5502 low failed at 1.5714, just under key 1.5728 resistance, increasing risk of lower high and fresh weakness that will re-expose 1.5502. Break above 1.5728 will confirm higher low and signal a continuation of near-term uptrend from 1.5295.

Res: 1.5685, 1.5714, 1.5728, 1.5760
Sup: 1.5600, 1.5585, 1.5569, 1.5535





USD/JPY

Extended reversal after completing the latest 82.86/85.92 ascend, breaking below 84.72/48 supports, and looking for test of 84.05, possibly 82.86 on a break.
Upside, 85.20 offers immediate cap.

Res: 84.76, 85.00, 85.20, 85.51
Sup: 84.26, 84.05, 83.75, 83.34





USD/CHF

Reversal off 1.0181 broke below 0.9916, 2009 low, posted 26 Nov, extending weakness to 0.9836 so far. Bears look for test of 0.9785, ahead of possible return to the 0.9630 all-time low. Upside, 0.9931, now reverted to resistance, is expected to cap.

Res: 0.9900, 0.9931, 0.9980, 1.0014
Sup: 0.9836, 0.9808, 0.9800, 0.9785