Short Term Technical Analysis for Majors (10:00 GMT)

[WindsorBrokers]

EUR/USD
Extends reversal from 1.3500 after leaving a lower top at 1.3377, to hit fresh low at 1.3208. The key near-term support/pivot lies at 1.3163 and while above here, possibility of retesting 1.3500 remains in play. Otherwise, break lower would risk fresh weakness and expose 1.3059 initially.

Res: 1.3315, 1.3377, 1.3440, 1.3500
Sup: 1.3208, 1.3163, 1.3100, 1.3059




GBP/USD
Reversal from 1.5910 accelerated losses after breaking through 1.5667/54 support zone, clearing 6-month trendline support, to reach 1.5529 low so far. Corrective attempts are seen limited by 1.5654/67 zone, now reverted to resistance, with fresh weakness expected to attack key short-term support at 1.5483. Only break above 1.5667 to improve the outlook.

Res: 1.5654, 1.5667, 1.5710, 1.5767
Sup: 1.5529, 1.5510, 1.5483, 1.5405





USD/JPY
Fresh strength off 82.83 higher low has seen an attempt through the recent consolidation ceiling at 84.29/39, with 84.49 reached, ahead of correction. Immediate target lies at 84.60, 76.4% retracement of 85.92/80.24 decline, break of which will expose 85.40, 24 Sep high. Downside, 83.61 is now key support and only break here to delay immediate bulls.

Res: 84.32, 84.49, 84.60, 84.82
Sup: 83.76, 83.61, 83.16, 82.83





USD/CHF
Extended reversal from 1.0064, 01 Dec high, through 0.9913, 08 Dec lower high, accelerating losses through 2-month trendline support, to reach 0.9560 so far, just above 0.9546, key short-term support. Correction higher is under way, with 0.9735/77 zone expected to cap.

Res: 0.9724, 0.9735, 0.9755, 0.9777
Sup: 0.9572, 0.9560, 0.9546, 0.9461