Windsor Brokers - Short Term Technical Analysis for Majors (14:30 GMT)

[WindsorBrokers]

EUR/USD

Dipped to 1.3639, yesterday, just shy of 1.3620 key support, following an upside rejection at 1.3795 on 12 Mar. Fresh strength is now underway, looking for test of 1.3759/95, while 1.3656, today’s higher low and 1.3739/20 buoy the advance.

Res: 1.3759, 1.3798, 1.3803, 1.3838
Sup: 1.3656, 1.3639, 1.3620, 1.3595

http://mediaserver.fxstreet.com/Repo...0316142015.gif


GBP/USD

Broke under 1.5018, yesterday’s low, to extend losses to 1.4976 today, though failed to gain momentum, with subsequent bounce now reviving potential of break through 1.5217, 12 Mar high and re-expose 1.5316/45 retest.

Res: 1.5170, 1.5208, 1.5218, 1.5262
Sup: 1.5085, 1.5060, 1.5018, 1.4976

http://mediaserver.fxstreet.com/Repo...0316142041.gif


USD/JPY

Extended bull phase off 88.13, 4 Mar low, to stall at 91.08 just below 91.24, trendline resistance. Immediate support was found at 89.98, ahead of rally to 90.72 today, just under 90.85, break of which would open key 91.08/35 resistance area. Current pullback seen corrective while 89.98 holds.

Res: 90.72, 90.85, 91.08, 91.35
Sup: 89.98, 89.80, 89.62, 89.45

http://mediaserver.fxstreet.com/Repo...0316142119.gif


USD/CHF

Last week’s break below key supports has triggered a fresh weakness to reach 1.0575 on 12 Mar. Minor corrective attempt from there left a lower top at 1.0641, with bears breaking through 1.0575 support and now focusing 1.0515, 50% retracement of 1.0129/1.0897 upleg. 1.0621/41 caps for now.

Res: 1.0621, 1.0641, 1.0676, 1.0697
Sup: 1.0567, 1.0541, 1.0515, 1.0497

http://mediaserver.fxstreet.com/Repo...0316142155.gif