Short Term Technical Analysis for Majors (13:30 GMT)

[WindsorBrokers]

EUR/USD

Accelerates gains after break above 1.3782/1.3800, previous high / Fib 38.2%, to probe levels above 1.3900, Fib 50%. Near-term indicators point higher and support further extension towards 1.3971/77, 06 Sep low / Fib 61.8%, possibly 1.4000 on a break. Hourly RSI in overbought zone signals corrective pullback, ahead of fresh rally. Immediate support lies at 1.3824/00, with 20 day MA at 1.3760, underpinning the advance.

Res: 1.3935, 1.3977, 1.4000, 1.4050
Sup: 1.3824, 1.3800, 1.3771, 1.3702





GBP/USD

Breaks above the near-term range ceiling at 1.5800 zone to extend bounce from fresh low at 1.5705, to hit 1.5854 high so far. Immediate focus lies at 1.5868/85 barriers, also near Fib 23.6% of 1.6453/1.5705 descend, above which to open key near-term barrier at 1.5900/20 zone, previous consolidation range floor. Near-term studies remain supportive.

Res: 1.5854, 1.5885, 1.5900, 1.5920
Sup: 1.5813, 1.5789, 1.5730, 1.5705




USD/JPY

The latest strong rally from 76.50, near the short-term range floor, spiked through initial barrier at 77.00 to reach 77.27 high, where gains stalled and subsequent reversal brought the prices to the levels under 77.00. Holding below the latter would signal a false break higher and keep the pair entrenched within 5-week range.

Res: 77.00, 77.06, 77.27, 77.37
Sup: 76.55, 76.50, 76.40, 76.30





USD/CHF

Remains in a near-term corrective mode after the latest rally through 200 day MA that resulted in test of main bear trendline off 1.0067 at 0.8924. Succession of marginally lower lows and lower highs, keeps the near-tern corrective tone off 0.8924 in play, with the latest sharp dip through 0.8706/0.8670 supports, hit fresh one-week low at 0.8646, with further easing towards 0.8624/00 seen favored. Hourly 20 day MA, currently at 0.8760, points lower and maintain near-term bears. Only regain of 0.8800 zone would offer some relief.

Res :0.8720, 0.8731, 0.8795, 0.8819
Sup: 0.8646, 0.8624, 0.8600, 0.8570