Windsor Brokers Ltd

EURUSD
After Monday’s recovery from 1.3609 following pullback from Tuesday’s recovery high at 1.3728, approximately 50% of 1.3853/1.3609 fall. A higher low is sought above 1.3609 before next upleg to further retrace an apparent 3 legged swings from 1.3853 towards 1.3772, 26 Jul high, near 61.8% retrace. Below 1.3609 however exposes 1.3568/93 lows next.

Res: 1.3697, 1.3728, 1.3736, 1.3753
Sup: 1.3642, 1.3630, 1.3609, 1.3579

GBPUSD
Dropped after extending bounce off Monday’s 2.0183 low to 2.0380 on Tuesday. Latest fall shall target 2.0226 support where hourly RSI positive reversal signal hinges on. Failures to regain foothold ahead of which will exacerbate risk of sub 2.0183 decline over coming sessions. Minimum recovery above 2.0342/59 is needed to protect the 2.0183 base and strengthen prospect for 2.0380/2.0426.

Res: 2.0298, 2.0308, 2.0319, 2.0342
Sup: 2.0226, 2.0205, 2.0183, 2.0161

USDJPY
Stalls ahead of suspected base at 118.02, last Friday’s low, following Tuesday’s recovery at 119.50 high. Lower rejection of 14 month bull trendline support near 118.02 low may set up next upswing to retrace an apparent 5 wave hourly structure from 122.44, 20 Jul high, towards 10 day MA at 120.50. Losing 118.02/117.61 however risks 116.60/38 next.

Res: 118.77, 118.95, 119.25, 119.50
Sup: 117.90, 117.61, 117.40, 117.27

USDCHF
Continues lower trend as developing lower highs off 1.2166, 25 Jul, weigh. Further weakness may see test of 1.1982, 20 Jul higher low, ahead of July’s low at 1.1961, 18 Jul, although basing may be in the offing prior to further retrace of the down swing from 1.2469 top, 13 Jun. Regaining Tuesday’s high at 1.2066 firms to signal a base.

Res: 1.2038, 1.2066, 1.2079, 1.2100
Sup: 1.1982, 1.1973, 1.1961, 1.1950