Short Term Technical Analysis for Majors (10:50 GMT)

EUR/USD
Continues to trend lower off 1.4280 peak, extending losses to 1.3283, ahead of key 1.3263, trendline support and 1.3230, 61.8% of 1.2576/1.4280. Next comes 200 day MA at 1.3233. Corrective attempts are seen capped by 1.3420/46, and only break here to ease bear pressure.

Res: 1.3360, 1.3420, 1.3446, 1.3507
Sup: 1.3283, 1.3263, 1.3230, 1.3133

http://mediaserver.fxstreet.com/Repo...1125104638.gif




GBP/USD
Dipped to 1.5740 to test 90 day MA, currently at 1.5749, ahead of recovery attempt. This is seen corrective, with lower top ahead of fresh weakness, favored for now. Break below 1.5740 to target 1.5649, key near-term support. Upside, regain of 1.5950/65 would ease bear pressure and re-expose 1.61 zone.

Res: 1.5837, 1.5897, 1.5934, 1.5965
Sup: 1.5740, 1.5729, 1.5689, 1.5649

http://mediaserver.fxstreet.com/Repo...1125104612.gif




USD/JPY
Corrected lower after hitting 83.83 high, to find support at 82.72, ahead of fresh strength. The focus is now at the recent consolidative range ceiling at 83.77/83, break of which is required to resume short-term recovery off 80.24.

Res: 83.77, 83.83, 83.97, 84.35
Sup: 83.17, 82.92, 82.72, 82.46

http://mediaserver.fxstreet.com/Repo...1125104517.gif



USD/CHF
The latest strength from 0.9847 finally broke above 1.0000, the recent consolidative band, to suggest further gains towards 1.0044, 50% of 1.0638/0.9461 downleg initially, with possible extension to 1.0183, 61.8%, on a break. Downside, 0.9942 offers immediate support, while loss of 0.9847 weakens the structure.


Res: 1.0044, 1.0075, 1.0116, 1.0183
Sup: 0.9942, 0.9930, 0.9908, 0.9871

http://mediaserver.fxstreet.com/Repo...1125104430.gif