Short Term Technical Analysis for Majors (07:30 GMT)

[WindsorBrokers]

EUR/USD

The near-term price action remains capped under 1.3750 barrier, as overnight’s attempt higher stayed below yesterday’s high at 1.3743. Hourly indicators are in sideways mode, with the latest attempt below 20 day MA weakening the tone. Immediate supports lie at 1.3760/50 zone, ahead of key near-term levels at 1.3585/00. Upside clearance of 1.3752 is required to fill Monday’s gap and signal further recovery, with 1.3800/44 seen next. Wider picture’s outlook remains bearish, while below 1.3935/1.4000 zone.

Res: 1.3721, 1.3743, 1.3752, 1.3800
Sup: 1.3669, 1.3649, 1.3600, 1.3590




GBP/USD

Extension of the recovery from 1.5632, 19 Sep low has seen a brief break above bear-trendline off 1.6453, but gains were short-lived, as main near-term resistance at 1.5755. Break under hourly 20 day MA and loss of 1.5700 handle would risk fresh weakness and possible retest of 1.5632, as near-term indicators point lower.

Res: 1.5741, 1.5755, 1.5771, 1.5780
Sup:1.5676, 1.5655, 1.5632, 1.5600




USD/JPY

Near-term negative tone continues to dominate after upside repeated failures to clear 77.00 barrier. Fresh extension lower reached levels just above record low at 75.93, with subsequent bounce returning to 76.30/40 zone. Near-term indicators keep focus at the downside, with potential loss of 75.93 to trigger fresh bear phase. On the upside, initial barriers lie at 76.65/75 zone, while only clear break above 77.00 would ease immediate bear pressure.

Res: 76.65, 76.75, 76.97, 77.27
Sup: 76.23, 76.10, 76.00, 75.93





USD/CHF

Continues to trend higher after support was found at 0.8646, with fresh surge through 0.8926, previous high, 200 day MA and main trendline resistance, opening way for further gains. Initial support lies at 0.8930/00 zone, while only below 0.8790 higher platform delays immediate bulls.

Res: 0.8984, 0.9000, 0.9060, 0.9100
Sup: 0.8926, 0.8900, 0.8850, 0.8790