Windsor Brokers Ltd

EURUSD
Continuing decline from recent record high at 1.3853 to reveal a 3 legged structure thus far while probing Fibonacci 38.2% retrace of 1.3264/1.3853 upleg at 1.3625/30. Immediate downside now pointing on minor hourly lower top at 1.3665/70 ahead of next downleg towards 1.3568, 06 Jul, near 50% of 1.3264/ 1.3853 rise. Mild positive hourly divergences however hints temporary base.

Res: 1.3668, 1.3697, 1.3712, 1.3736
Sup: 1.3609, 1.3579, 1.3568, 1.3555

GBPUSD
Has broke a 3 wave rally from 1.9185 ,05 Mar yearly low, to a 26 year peak at 2.0656 ,24 Jul, before plummeting to 2.0183 in early Asia session today. 5th impulse wave is expected to begin before 2.0134, 18 Apr old pivot high, but setback to 2.0140/42 ,50% retrace of 1.9623/2.0656 rally/06 Jul high, looms. Look to regain 2.0306/47 in order to promote stability.

Res: 2.0250, 2.0282, 2.0306, 2.0330
Sup: 2.0183, 2.0172, 2.0161, 2.0142

USDJPY
Minor decline to last Friday’s low of 118.02 following last Thursday’s acceleration from 120.75 lower high. Further decline may stretch towards higher low at 117.61, 19 Apr, before a possible stronger rebound on back of oversold dailies. Regaining last Friday’s high at 119.29 will signal a temporary base.

Res: 118.65, 119.03, 119.29, 119.38
Sup: 118.02, 117.65, 117.40, 117.21

USDCHF
Remains between a broad 1.2022/1.2166, 25 Jul range, as higher platform at 1.2022 buoys current corrective mode off 1.1961 low, 18 Jul. A potential bull pennant may unfold before further rise to 1.2215, 50% of 1.2469/1.1961 downleg, and lower top at 1.2233, 06 Jul high, region. Losing 1.2022 however exposes 1.1961 and suggests short term bear presence.

Res: 1.2100, 1.2133, 1.2150, 1.2166
Sup: 1.2054, 1.2022, 1.2011, 1.1990