Windsor Brokers - Short Term Technical Analysis for Majors (06:30 GMT)

[WindsorBrokers]

EUR/USD

Resumes short-term uptrend after three-day 100 pips consolidation range. Yesterday’s sharp dip was contained at 1.3800 support zone, with two-legged recovery now testing 1.4000 barrier, Fib 61.8% of 1.4548/1.3145 downleg. Near-term studies support further gains, with immediate barrier at 1.4025, daily Ichimoku cloud ceiling and 200 day SMA at 1.4095. Previous highs at 1.3955 zone offer immediate support, while key downside levels lie at 1.3820/00.

Res: 1.4025, 1.4060, 1.4100, 1.4148
Sup: 1.3955, 1.3942, 1.3900, 1.3863

http://mediaserver.fxstreet.com/Repo...1027064035.gif


GBP/USD

Near-term structure is regaining momentum after yesterday’s slide found support at 1.5900 zone, also main bull trendline off 1.5271 low. Regain of 1.6000 handle keeps focus higher for possible break above of key near-term barrier at 1.6040 and daily Ichimoku cloud, clearance of which to open way towards 1.6100/36, Fibonacci resistance / 200 day SMA. Previous range floor at 1.5955 offers immediate support, while break below 1.5900 would put bulls on hold in favor of deeper correction.

Res: 1.6034, 1.6040, 1.6082, 1.6100
Sup: 1.5990, 1.5955, 1.5900, 1.5890

http://mediaserver.fxstreet.com/Repo...1027064015.gif


USD/JPY

Negative near-term studies keep pressure to the downside, as the pair briefly broke lower and posted fresh record low at 75.70. Recovery attempts were capped at 76.30, with the latest break under 76.00 handle, keeping the focus at 75.70 and 75.00 on a break. To regain strength, clearance of minimum 76.80/77.00 barriers is required.

Res: 76.00, 76.30, 76.47, 76.55
Sup: 75.80, 75.70, 75.50, 75.00

http://mediaserver.fxstreet.com/Repo...1027063944.gif



USD/CHF

Yesterday’s bounce above 0.8800 mark, after the pair briefly broke below 200 day SMA and posted fresh low at 0.8727, was short-lived. Gains were limited ahead of initial barrier at 0.8880, with quick return to the levels below 0.8800, keeping the focus lower. Near-term studies in the negative territory favor retest of 0.8727 low, loss of which to spark fresh weakness and open way towards 0.8646, 15 Sep low. Upside remains capped at 0.8857/80 for now, while only clear break above 0.8900 barrier would improve the near-term structure.

Res: 0.8800, 0.8845, 0.8880, 0.8900
Sup: 0.8745, 0.8727, 0.8700, 0.8646

http://mediaserver.fxstreet.com/Repo...1027063923.gif