Short Term Technical Analysis for Majors (09:30 GMT)

[WindsorBrokers]

EUR/USD
Failure to break above 38.2% of 1.4280/1.3446 decline has triggered sharp reversal through 60 day MA at 1.3553, to 1.3525, 76.4% retracement of 1.3446/1.3784 upleg. This now increases risk of return to 1.3446, break of which would confirm lower top and signal fresh weakness towards 1.3381/32, possibly the main trendline support at 1.3210. However, fresh strength above 1.3446 would suggest higher low, but regain of 1.3784 is needed to resume near-term recovery.

Res: 1.3632, 1.3661, 1.3709, 1.3784
Sup: 1.3525, 1.3459, 1.3446, 1.3381






GBP/USD
Undergoes near-term consolidation following the double upside failure near 1.61 level. Hourly structure is negative, though, holding above 1.5885/38, trendline support off 1.5295/16 Nov low, keeps retest of 1.6083/93 peaks in play, with sustained break here needed to continue recovery from 1.5838 and expose 1.6120, 61.8% of 1.6297/1.5838 decline. Loss of 1.5838 would open way for further retracement of 1.5651/1.6297 ascend and open 1.5805, 76.4%, next.

Res: 1.5965, 1.6013, 1.6083, 1.6093
Sup: 1.5890, 1.5866, 1.5838, 1.5805





USD/JPY
Attempts to break above the recent 83.00/77 consolidation range, to continue short-term recovery off 80.24, 01 Nov annual low. Sustained break above 83.74/77 is required to open 84.56, 76.4%, ahead of 85.38, 24 Sep peak, and possible retest of 85.92, 17 Sep lower high. Downside, loss of 83.00, would allow stronger pullback into 82.00 support zone.

Res: 83.83, 83.97, 84.56, 85.38
Sup: 83.20, 83.00, 82.79, 82.32





USD/CHF
Trades within consolidative range, following the recent failure to break above psychological 1.00 level. 0.9853/40, range bottom/60 day MA, offer immediate support, ahead of 0.9824/0.9770, 38.2%/50% of 0.9546/0.9996 upleg, before leaving a higher low for fresh attempt higher. Loss of 0.9718, 61.8%, would increase risk of return back to 0.9546, 05 Nov higher low.

Res: 0.9974, 1.0000, 1.0044, 1.0075
Sup: 0.9853, 0.9824, 0.9770, 0.9718