Short Term Technical Analysis for Majors (10:20 GMT)

[WindsorBrokers]

EUR/USD
Clearance of 1.3426 barrier has seen a spike to 1.3500, ahead of reversal, with 1.3289, over 38.2% retracement of 1.2968/1.3500 upleg, reached so far. Further pullback into 1.3235, trendline off 1.2968 / 50% retracement is not ruled out, and higher low anticipated for fresh push higher. Loss of 1.3171/63, 61.8% / 09 Dec low would turn the tone negative and open 1.2968.

Res: 1.3355, 1.3386, 1.3440, 1.3500
Sup: 1.3281, 1.3260, 1.3235, 1.3200






GBP/USD
Accelerated slide from yesterday’s fresh high at 1.5910 after losing key near-term supports at 1.5718/10. Next targets lie at 1.5667/55, break of which opens trendline support at 1.5568. Upside, 1.5767 offers initial resistance, with break here needed to ease bear-pressure

Res: 1.5767, 1.5800, 1.5817, 1.5850
Sup: 1.5667, 1.5655, 1.5610, 1.5568







USD/JPY
Corrective phase off 80.24 low remains so far capped by 84.29/39 zone, with the latest failure there sparking a sharp reversal to 82.83, ahead of fresh strength. Immediate target lies at 84.39, with break here requested to open fresh leg higher and expose 85.38. Rejection at/under 84.39 would return focus back to the recent range, with 82.83 offering key near-term support.

Res: 84.29, 84.38, 84.82, 85.00
Sup: 83.76, 83.58, 83.16, 82.83







USD/CHF
Accelerates losses after breaking below 0.9724/0.9694, 06 Dec previous low / main short-term trendline support. This may signal a top and continuation of broader downtrend and focus the next support at 0.9546, 05 Nov higher low, with 0.9560 seen so far. Corrective bounces seen limited by 0.9690/0.9724, for fresh weakness through 0.9546, to possibly open 0.9461.


Res: 0.9642, 0.9688, 0.9724, 0.9755
Sup: 0.9576, 0.9560, 0.9546, 0.9461