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


EUR/USD

Latest sell-off from 1.3816 has finally broke below 1.3433, past four week�s range bottom, to open way for fresh weakness. Next targets stand at 1.3423 and 1.3339, May 2009 lows. Correction on oversold hourly studies is likely, with 1.3568 expected to cap.

Res: 1.3444, 1.3462, 1.3480, 1.3502
Sup: 1.3423, 1.3339, 1.3245, 1.3190




GBP/USD

Positive structure off 1.4930, 22 Mar low, suggests a final leg higher before the formation of a lower high and a possible retest of 1.4780 yearly low. Regain of 1.5207, 61.8% retracement of 1.5380/1.4930 decline, however would open fresh strength.

Res: 1.5018, 1.5051, 1.5086, 1.5111
Sup: 1.4930, 1.4871, 1.4855, 1.4780




USD/JPY

Fresh strength off 89.82, 22 Mar higher low, has cleared 90.76/79 resistances, to dent 91.08 key level. Clear break here would trigger upside extension towards 92.13, 19 Feb high, next. Only reversal under 89.74 would weaken current structure.

Res: 91.27, 91.38, 91.90, 92.13
Sup: 90.79, 90.35, 90.12, 89.74




USD/CHF

Triangular consolidation from 1.0505, 17 Mar low broke above key resistance, with 1.0700 being reached so far. Near-term structure remains positive and potential break above 1.0729, 11 Mar high to spark a recovery to 1.0805/10 next. 1.0637/09 now offers initial support.

Res: 1.0729, 1.0810, 1.0898, 1.0940
Sup: 1.0660, 1.0637, 1.0609, 1.0534

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


EUR/USD

Today�s break below 1.3433, range bottom, triggered market lower to reach fresh yearly lows. 1.3339, 8 May 2009 low has also been cleared way for test of 1.3190, 30 Apr 2009 low. 1.3462, former support, now reverted to resistance, expected to cap, to hold immediate bears in play.

Res: 1.3444, 1.3462, 1.3480, 1.3502
Sup: 1.3245, 1.3190, 1.3165, 1.3120




GBP/USD

Negative tone now dominates after 1.5111 confirmed as lower top. Today�s break under 1.4930, key near-term support, triggered fresh weakness to test 1.4871, 10 Mar low. This sees potential for final attempt at 1.4780, break of which may signal a significant decline in a near future. Regain of 1.5086/1.5111, however, would ease bear pressure.

Res: 1.4930, 1.4971, 1.5018, 1.5051
Sup: 1.4871, 1.4855, 1.4780, 1.4765




USD/JPY

Today�s strength has broken out of 89.74/91.08 consolidation range, extending gains to 91.95 thus far. Next targets stand at key 92.13, 19 Feb high, break of which would allow stronger correction 93.15/39. Downside, 91.08/90.79 area offers initial support, while only loss of 89.74 would damage current structure.

Res: 92.13, 92.45, 93.15, 93.39
Sup: 91.08, 90.79, 90.35, 90.12





USD/CHF

Triangular consolidation from 1.0505, 17 Mar low, broke above key resistance, to extend gains to 1.0714 so far. Near-term structure remains positive and potential break above 1.0729, 11 Mar high to spark a recovery to 1.0805/10 next. Correction now under way, with 1.0637/09 now offering initial support.

Res: 1.0729, 1.0810, 1.0898, 1.0940
Sup: 1.0637, 1.0609, 1.0534, 1.0477

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

EUR/USD

Two day bear flag seen on 23 Mar has triggered a fresh weakness to break through 1.3433 range bottom, to commence next key leg lower, targeting 1.3245, then 1.3190, en-route to 1.3090, short-term objective. Upside, 1.3433/62 area should now cap corrective rallies.

Res: 1.3346, 1.3376, 1.3444, 1.3462
Sup: 1.3281, 1.3245, 1.3190, 1.3165




GBP/USD

Positive near-term structure has triggered a minor double bottom reversal from 1.4782, targeting the 1.4950 region, where a lower high is seen forming, ahead of fresh attempt at 1.4780, key low. Regain of 1.5018, yesterday’s intraday high, however, would delay, for stronger recovery towards 1.5085/1.5111.

Res: 1.5018, 1.5051, 1.5086, 1.5111
Sup: 1.4871, 1.4855, 1.4780, 1.4765




USD/JPY

Rallied higher yesterday, breaking through 90.65/79 key resistance area, to complete a continuation pattern that signals an extension off 88.13, yearly low, posted on 04 Mar. Initial target at 92.13, has already been reached, with market now focusing 93.75, yearly high of 08 Jan. Current correction should hold above 91.35, to keep immediate bulls in play.

Res: 92.13, 92.45, 93.15, 93.39
Sup: 91.70, 91.38, 91.08, 90.79




USD/CHF

Triangular consolidation from 1.0505, 17 Mar low, broke above key resistance, to extend gains to 1.0714 so far. Near-term structure remains positive and holding above 1.0660 keeps scope for break above 1.0729, 11 Mar high, to spark a recovery to 1.0805/10 next. Loss of 1.0610, however, would delay and open 1.0560/45 zone instead.

Res: 1.0740, 1.0793, 1.0810, 1.0898
Sup: 1.0660, 1.0637, 1.0609, 1.0534

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

EUR/USD
Fresh weakness off 1.3561, 23 Mar lower top, broke through 1.3433 range bottom, to commence next leg lower, targeting 1.3245, then 1.3190, en-route to 1.3090, short-term objective. Upside, 1.3433/62 area should now cap corrective rallies.

Res: 1.3376, 1.3444, 1.3462, 1.3486
Sup: 1.3281, 1.3245, 1.3190, 1.3165




GBP/USD

Positive near-term structure has triggered a minor double bottom reversal from 1.4782, targeting the 1.4950 region, where a lower high is seen forming, ahead of fresh attempt at 1.4780, key low. Regain of 1.5018, yesterday’s intraday high, however, would delay, for stronger recovery towards 1.5085/1.5111.

Res: 1.5003, 1.5018, 1.5051, 1.5086
Sup: 1.4855, 1.4780, 1.4765, 1.4755





USD/JPY

Rallied higher yesterday, breaking through 90.65/79 key resistance area, to complete a continuation pattern that signals an extension off 88.13, yearly low, posted on 04 Mar. Clearance of 92.13 has so far reached 92.59, en-route to 93.75, yearly high posted 08 Jan. 91.75/50, today’s low/200 days MA, underpin the advance for now.

Res: 92.75, 93.15, 93.39, 93.75
Sup: 91.75, 91.50, 91.38, 91.08




USD/CHF

Triangular consolidation from 1.0505, 17 Mar low and 50% retracement of 1.0130/1.0898 upleg, broke above key resistance, to extend gains through 1.0729 barrier to reach 1.0740 so far. Near-term structure remains positive and holding above 1.0673/60 keeps scope for recovery towards 1.0805/10. Loss of 1.0610, however, would delay and open 1.0560/45 zone instead.

Res: 1.0740, 1.0793, 1.0810, 1.0898
Sup: 1.0673, 1.0660, 1.0637, 1.0609

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

EUR/USD
Fresh weakness off 1.3561, 23 Mar lower top, broke through 1.3433 range bottom, to commence next leg lower, targeting 1.3245, then 1.3190, en-route to 1.3090, short-term objective. Upside, 1.3433/62 area should now cap corrective rallies.

Res: 1.3376, 1.3444, 1.3462, 1.3486
Sup: 1.3281, 1.3245, 1.3190, 1.3165




GBP/USD

Positive near-term structure has triggered a minor double bottom reversal from 1.4782, targeting the 1.4950 region, where a lower high is seen forming, ahead of fresh attempt at 1.4780, key low. Regain of 1.5018, yesterday’s intraday high, however, would delay, for stronger recovery towards 1.5085/1.5111.

Res: 1.5003, 1.5018, 1.5051, 1.5086
Sup: 1.4855, 1.4780, 1.4765, 1.4755





USD/JPY

Rallied higher yesterday, breaking through 90.65/79 key resistance area, to complete a continuation pattern that signals an extension off 88.13, yearly low, posted on 04 Mar. Clearance of 92.13 has so far reached 92.59, en-route to 93.75, yearly high posted 08 Jan. 91.75/50, today’s low/200 days MA, underpin the advance for now.

Res: 92.75, 93.15, 93.39, 93.75
Sup: 91.75, 91.50, 91.38, 91.08




USD/CHF

Triangular consolidation from 1.0505, 17 Mar low and 50% retracement of 1.0130/1.0898 upleg, broke above key resistance, to extend gains through 1.0729 barrier to reach 1.0740 so far. Near-term structure remains positive and holding above 1.0673/60 keeps scope for recovery towards 1.0805/10. Loss of 1.0610, however, would delay and open 1.0560/45 zone instead.

Res: 1.0740, 1.0793, 1.0810, 1.0898
Sup: 1.0673, 1.0660, 1.0637, 1.0609

Windsor Brokers - Short Term Technical Analysis for Majors (09:00 GMT)


EUR/USD

Declined through key 1.3433, range floor yesterday, to reach fresh yearly low at 1.3266 overnight. Next downside targets stand at 1.3245, then 1.3190, ahead of possible attempt at 1.3090. Correction now under way, with 1.3386, yesterday’s high, offering initial resistance. Holding below here would keep immediate bears in play, while break higher would allow stronger correction towards 1.3445/62.

Res: 1.3386, 1.3444, 1.3462, 1.3486
Sup: 1.3283, 1.3266, 1.3245, 1.3190




GBP/USD

Upside attempt off yesterday’s 1.4853 double bottom was short lived, and fresh weakness emerged from 1.5003 lower top, to reach 1.4797, just ahead of key 1.4780, annual low. Break here would likely spark significant weakness towards 1.45/1.44 zone in the near future. Upside, only regain of 1.5380 would improve the outlook.

Res: 1.4871, 1.4930, 1.5003, 1.5018
Sup: 1.4797, 1.4780, 1.4765, 1.4755



USD/JPY

Break through 91.74, two years falling trendline and 92.13, previous high, now focuses 93.09/75, 50% retracement of the broader 101.43/84.80 downmove / 08 Jan yearly high. 91.75 offers immediate support.

Res: 92.94, 93.09, 93.39, 93.75
Sup: 92.13, 91.75, 91.50, 91.38





USD/CHF

Extended recovery off 1.0505, 17 Mar low, to reach 1.0749 high yesterday. Corrective pullback now under way, with 1.0673/60 zone expected to hold, to keep immediate bulls in play for fresh attempt at 1.0805/10.

Res: 1.0749, 1.0793, 1.0810, 1.0898
Sup: 1.0673, 1.0660, 1.0637, 1.0609

Windsor Brokers - Short Term Technical Analysis for Majors (15:00 GMT)

EUR/USD

Declined through key 1.3433, range floor yesterday, to reach fresh yearly low at 1.3266 overnight. Next downside targets stand at 1.3245, then 1.3190, ahead of possible attempt at 1.3090. Correction now under way, with latest break above 1.3386, yesterday�s high / trendline resistance, now focusing 1.3462/74. Failure to leave higher low there may put immediate bears on hold for stronger correction towards 1.3530/65.

Res: 1.3444, 1.3462, 1.3486, 1.3503
Sup: 1.3345, 1.3386, 1.3322, 1.3283




GBP/USD

Failed to sustain bounce off 1.4853 double bottom, leaving lower top at1.5003, ahead of fresh weakness to 1.4797, just ahead of key 1.4780, annual low. Break here would likely spark significant weakness towards 1.45/1.44 zone in the near future. Upside, only regain of 1.5380 would improve the outlook.

Res: 1.4930, 1.5003, 1.5018, 1.5060
Sup: 1.4824, 1.4797, 1.4780, 1.4765




USD/JPY

Break through 91.74, two years falling trendline and 92.13, previous high, now focuses 93.09/75, 50% retracement of the broader 101.43/84.80 downmove. 92.29/91.75 zone offers immediate support.

Res: 92.94, 93.09, 93.39, 93.75
Sup: 92.29, 92.13, 91.75, 91.50




USD/CHF

Extended recovery off 1.0505, 17 Mar low, to reach 1.0749 high yesterday. Corrective pullback now under way, with 1.0673/60, initial support zone now being dented, for possible stronger correction towards 1.0609/1.0570 where higher low is seen. Loss of the latter, however, will sideline and attempt at 1.0805/10 and open 1.0545/05 instead.

Res: 1.0700, 1.0722, 1.0749, 1.0793
Sup: 1.0634, 1.0609, 1.0570, 1.0545

Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)


EUR/USD

Corrective rally from 1.3266, 25 Mar low, broke through important 1.3433/60/74 resistances, extending gains to 1.3489 overnight, just above 38.2% retracement of 1.3816/1.3266 downleg. 1.3540/70 now seen as key resistance. Loss of 1.3345 weakens recovery phase for 1.3267 and below.

Res: 1.3489, 1.3540, 1.3570, 1.3600
Sup: 1.3415, 1.3380, 1.3345, 1.3322




GBP/USD

Extends bounce off 1.4797, 25 Mar low, currently attempting at 1.5003, 25 Mar peak, ahead of 1.5011, trendline resistance. Further, 1.5087, 50% retracement of 1.5380/1.4797 descend and 1.5111, 23 Mar high, offer resistance. However, lower top under 1.5380 would resume broader downtrend and expose 1.4797 first.

Res: 1.5003, 1.5018, 1.5087, 1.5111
Sup: 1.4878, 1.4845, 1.4824, 1.4797




USD/JPY

Break through 91.74, two years falling trendline and 92.13, previous high, now focuses 93.09/75, 50% retracement of the broader 101.43/84.80 downmove. 92.29/91.75 zone offers immediate support.

Res: 92.94, 93.09, 93.39, 93.75
Sup: 92.29, 92.13, 91.75, 91.50




USD/CHF

Reversal 1.0749, 25 Mar high, spiked lower at 1.0575 overnight, ahead of bounce to 1.0688. Fresh decline is now under way targeting 1.0575 but only break below key 1.0545 to trigger near-term weakness. Only clearance of 1.0688/1.0702 would firm for 1.0749 and higher.

Res: 1.0688, 1.0702, 1.0722, 1.0749
Sup: 1.0579, 1.0575, 1.0545, 1.0505

Windsor Brokers - Short Term Technical Analysis for Majors (13:30 GMT)


EUR/USD

Corrective rally from 1.3266, 25 Mar low, broke through important 1.3433/60/74 resistances, reached fresh high at 1.3505 today, to retrace between 38.2% and 50% of 1.3816/1.3266 downleg. 1.3540/70 now seen as key resistance, with potential break there to spark further recovery towards 1.3605, 61.8% retracement. Downside loss of 1.3345 weakens recovery phase for 1.3267 and below.

Res: 1.3489, 1.3505, 1.3540, 1.3570
Sup: 1.3415, 1.3380, 1.3345, 1.3322




GBP/USD

Extended recovery from 1.4797, 25 Mar low, to dent 1.5011, trendline resistance, with 1.5018 being reached so far. 1.5087, 50% retracement of 1.5380/1.4797 descend and 1.5111, 23 Mar high, offer resistance. However, lower top under 1.5380 would resume broader downtrend and expose 1.4797 first, ahead of key 1.4780 low.

Res: 1.5018, 1.5087, 1.5111, 1.5165
Sup: 1.4878, 1.4845, 1.4824, 1.4797





USD/JPY

Remains in consolidation mode, following break through 91.74, two years falling trendline and 92.13, previous high, to reach 92.94 high on 25 Mar. Focus remains on 93.09/75, 50% retracement of the broader 101.43/84.80 decline, 92.29/91.75 zone underpins.

Res: 92.94, 93.09, 93.39, 93.75
Sup: 92.29, 92.13, 91.75, 91.50




USD/CHF

Reversal 1.0749, 25 Mar high, spiked lower to reach 1.0575 overnight, ahead of bounce to 1.0688. Fresh dips are now possible, but only break below key 1.0545 to trigger near-term weakness. Upside clearance of 1.0688/1.0702, however, would firm for 1.0749 and higher.

Res: 1.0688, 1.0702, 1.0722, 1.0749
Sup: 1.0579, 1.0575, 1.0545, 1.0505

Windsor Brokers - Short Term Technical Analysis for Majors (08:30 GMT)

EUR/USD

Corrective rally from 1.3266, 25 Mar low, has cleared 1.3505, yesterday’s peak, en-route to 1.3540, 50% of 1.3816/1.3266 downleg and key 1.3570 lower ceiling. 1.3433/15 offer initial support, while loss of 1.3375/45 to end recovery phase and focus 1.3266.

Res: 1.3489, 1.3505, 1.3540, 1.3570
Sup: 1.3540, 1.3570, 1.3605, 1.3630




GBP/USD

Continue to correct 1.5380/1.4797 downleg, with today’s clearance of 1.5018 high, now approaching 1.5087, 50% retracement. Above there, 1.5145, trendline resistance is a key level and potential break there to resume correction and open 1.5111 next. Regain of 1.5380, however, is required to neutralize bears. 1.4975/55 offer initial support, ahead of key 1.4890, yesterday’s low.

Res: 1.5087, 1.5111, 1.5165, 1.5204
Sup: 1.5018, 1.4975, 1.4955, 1.4890




USD/JPY

Remains in consolidation mode, following break through 91.74, two years falling trendline and 92.13, previous high, to reach 92.94 high on 25 Mar. Focus remains on 93.09/75, 50% retracement of the broader 101.43/84.80 decline, 92.11/91.75 zone underpins.

Res: 92.71, 92.96, 93.09, 93.39
Sup: 92.11, 91.75, 91.50, 91.33




USD/CHF

Reversal 1.0749, 25 Mar high, has so far found support at 1.0585/75, trendline support, with further dips to 1.0557 not ruled out, but loss of key 1.0545 to trigger near-term weakness. Upside clearance of 1.0661 to firm the tone for 1.0749 test.

Res: 1.0661, 1.0688, 1.0702, 1.0722
Sup: 1.0585, 1.0575, 1.0545, 1.0505

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

EUR/USD

Corrective rally from 1.3266, 25 Mar low, has so far been capped by 1.3436, just ahead of 1.3540, 50% retracement of 1.3816/1.3266 downleg. Current pullback now attempts at 1.3433 support and possible break under 1.3417 to confirm lower top, ahead of fresh weakness, focusing 1.3266. Early downside rejection, however, would keep near-term bulls in play, though, clearance of key 1.3570 is required to resume recovery.

Res: 1.3540, 1.3570, 1.3605, 1.3640
Sup: 1.3433, 1.3417, 1.3377, 1.3344





GBP/USD

Continue to correct 1.5380/1.4797 downleg, with today’s clearance of 1.5018/1.5111 barriers, now focusing 1.5145, trendline resistance. Break there is required to resume correction towards 1.5215/54, ahead of possible attempt at key 1.5380 high. 1.5017/1.4975 offers support.

Res: 1.5145, 1.5156, 1.5165, 1.5204
Sup: 1.5018, 1.4975, 1.4955, 1.4890




USD/JPY

Remains in consolidation mode, following break through 91.74, two years falling trendline and 92.13, previous high, to reach 92.94 high on 25 Mar. Focus remains on 93.09/75, 50% retracement of the broader 101.43/84.80 decline, 92.11/91.75 zone underpins.

Res: 92.96, 93.09, 93.39, 93.75
Sup: 92.11, 91.75, 91.50, 91.33




USD/CHF

Reversal 1.0749, 25 Mar high, has so far found support at 1.0585/75, trendline support, with further dips to 1.0557 not ruled out, but loss of key 1.0545 to trigger near-term weakness. Upside clearance of 1.0661 is needed to firm the tone for 1.0749 retest.

Res: 1.0661, 1.0688, 1.0702, 1.0722
Sup: 1.0585, 1.0575, 1.0545, 1.0505

Windsor Brokers - Short Term Technical Analysis for Majors (08:30 GMT)


EUR/USD

Corrective rally from 1.3266, 25 Mar low, has so far been capped by 1.3536, just ahead of 1.3540, 50% retracement of 1.3816/1.3266 downleg. Reversal off 1.3536 has so far reached 1.3383, ahead of 1.3370, 61.8% retracement of 1.3266/1.3436 upleg. Current softened tone now favors further weakness through 1.3383 to focus 1.3344, with possible retest of 1.3266 on a break. Only regain of 1.3536 would provide relief and target 1.3570, key lower ceiling.

Res: 1.3437, 1.3451, 1.3487, 1.3536
Sup: 1.3383, 1.3370, 1.3344, 1.3266




GBP/USD

Continue to correct 1.5380/1.4797 downleg, to extend gains to 1.5125 high, posted yesterday. Shallow pullback followed, with positive structure now seeking for 1.5123, trendline resistance, then of 1.5156, 61.8% retracement of 1.5380/1.4797 decline, ahead of possibly forming lower top.


Res: 1.5123, 1.5145, 1.5156, 1.5165
Sup: 1.5042, 1.5018, 1.4975, 1.4955




USD/JPY

Yesterday�s completion of a bull flag has triggered a continuation of near-term uptrend, with clearance of 92.94, current range ceiling, extending gains to 93.59 thus far. Further, 93.75, 08 Jan 2010 high is now key and clearance there would attract 94.05, 28 Aug 09 high. 92.74 offer immediate support and only below 92.11 to delay immediate bulls.

Res: 93.59, 93.75, 94.05, 94.30
Sup: 93.02, 92.74, 92.45, 92.11




USD/CHF

Pullback off 1.0749, 25 Mar high, spiked lower at 1.0575 on 29 Mar. A key higher low was then posted at 1.0585 on 30 Mar, also marking a trendline support, and the bounce has broken a trendline drawn off 1.0749. This signals further recovery through 1.0688 to challenge 1.0720, trendline off 1.0887.

Res: 1.0688, 1.0702, 1.0720, 1.0752
Sup: 1.0611, 1.0585, 1.0575, 1.0545

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


EUR/USD

Corrective rally from 1.3266, 25 Mar low, has so far been capped by 1.3536, just ahead of 1.3540, 50% retracement of 1.3816/1.3266 downleg. Reversal off 1.3536 reached 1.3383 low today, ahead of fresh strength. Break through is required to resume recovery to attempt at key 1.3570 level. Early upside rejection, however, risks lower top ahead of fresh weakness. 1.3383/44 offer initial support, while loss of 1.3266 would continue a broader downtrend.

Res: 1.3536, 1.3540, 1.3570, 1.3605
Sup: 1.3383, 1.3370, 1.3344, 1.3266




GBP/USD

Extended correction of the 1.5380/1.4797 downleg, breaking through 1.512365, trendline resistance/19 Mar high, to retrace over 61.8% at 1.5185 today. Positive hourly studies see scope for further gains towards 1.5215/55, with correction on oversold conditions expected to precede the fresh upleg. 1.5042/18 support for now.


Res: 1.5185, 1.5215, 1.5255, 1.5278
Sup: 1.5042, 1.5018, 1.4975, 1.4955




USD/JPY

Yesterday�s completion of a bull flag has triggered a continuation of near-term uptrend, with clearance of 92.94, current range ceiling, extending gains to 93.59 thus far. Correction is now under way, ahead of fresh push higher, with 93.75, 08 Jan 2010 high now seen key. Break above the latter there would attract 94.05, 28 Aug 09 high. 92.74 offer immediate support and only below 92.11 to delay immediate bulls.

Res: 93.59, 93.75, 94.05, 94.30
Sup: 92.74, 92.45, 92.11, 91.75




USD/CHF

Rally from 1.0585, yesterday�s higher low, stalled at 1.0682, just below 1.0688 key resistance, today, ahead of fresh weakness. Recent break under 1.0599, trendline support and 1.0585/75, has triggered further losses, to probe 1.0545/32, 23/18 Mar low, ahead of possible attempt at key 1.0505. Upside remains capped by 1.0682/88 for now.

Res: 1.0585, 1.0634, 1.0682, 1.0688
Sup: 1.0532, 1.0505, 1.0497, 1.0485

Windsor Brokers - Short Term Technical Analysis for Majors (08:30 GMT)

EUR/USD

Upswing off 1.3383, yesterday’s low, has probed above 1.3540, 50% retracement of 1.3815/1.3266 downleg to open 1.3570, key 23 Mar lower ceiling. Potential break here would attract 1.3605, 61.8% retracement, next. Loss of 1.3433/15 would resume the underlying bear trend.

Res: 1.3560, 1.3570, 1.3605, 1.3638
Sup: 1.3475, 1.3433, 1.3415, 1.3383




GBP/USD

Continues to trade within an hourly rising channel, to reach 1.5246, just ahead of 1.5256, 19 Mar high. Scope is now seen for further near term strength, with potential break through the latter to open way for the key 1.5380, 17 Mar peak. Upside rejection, however, risks a lower top for an eventual relapse lower back towards 1.4780 annual low.

Res: 1.5256, 1.5278, 1.5315, 1.5327
Sup: 1.5167, 1.5117, 1.5088, 1.5042




USD/JPY

Continues to trend higher, fueled by the longer-term bear channel break. Completion of bull flag completion and yesterday’s lower rejection at 92.75 now supports fresh gains towards initial 9375, yearly high, posted on 08 Jan. Break here opens 94.05/30 first.

Res: 93.75, 94.05, 94.30, 94.65
Sup: 93.05, 92.75, 92.45, 92.11




USD/CHF

Has broken out of a minor bearish coil which held below 1.0688/1.0703 hourly lower tops. Subsequent break below 1.0505, 17 Mar swing low, now reaffirms 3-legged 0.9916/1.0898 rise, with short-term risk at 1.0424/1.0368 next.

Res: 1.0565, 1.0585, 1.0649, 1.0688
Sup: 1.0485, 1.0775, 1.0447, 1.0424

Windsor Brokers - Short Term Technical Analysis for Majors (13:30 GMT)

EUR/USD
Failure to sustain gains above 1.3570 has triggered a reversal off 1.3591, last Friday�s fresh high. Immediate support stands at 1.3459, 01/today�s lows. Potential break here would delay near-term bulls in favor of further weakness towards 1.3383. Upside clearance of 1.3591/1.3626 is required to resume bulls and expose key 1.3816, 17 Mar high.

Res: 1.3537, 1.3568, 1.3570, 1.3591
Sup: 1.3459, 1.3433, 1.3383, 1.3344




GBP/USD

Recovery off 1.4797, 25 Mar low, stalled at 1.5298, followed by correction to 1.5180. Fresh strength is now underway, with break through 1.5298/1.5315, been required for resumption of near-term uptrend, to challenge key 17 Mar, 1.5380 peak.

Res: 1.5298, 1.5315, 1.5327, 1.5380
Sup: 1.5180, 1.5117, 1.5088, 1.5042




USD/JPY

Extends gains above 93.75, 08 Jan pivot, to further retrace the pullback from 101.43, 06 Apr 2009 high. Bulls now eye 95.02, 61.8% retracement, ahead of the 95.30 region. Dips are expected to find support over 93.55 to sustain the immediate bullish tone.

Res: 94.77, 95.02, 95.30, 95.50
Sup: 93.05, 92.75, 92.45, 92.11



USD/CHF

Broke below 1.0505, key near-term low, to spike lower to 1.0433 on 01 Apr. Fresh strength emerged from there, now sees scope for renewal of bulls, with clearance of the key 1.0682/88 resistances, needed to expose 1.0749, 25 Mar pivot high. Loss of 1.0553/35, however, would delay for retest of 1.0433.

Res: 1.0643, 1.0682, 1.0688, 1.0705
Sup: 1.0585, 1.0553, 1.0535, 1.0487