Windsor Brokers Ltd

EURUSD
Minor higher low at 1.3640, 01 August, following an apparent 3 legged swings from 1.3840, 06 August. A lower swing high is sought below 1.3736/55 before a potential final thrust towards key 1.3609, 30 Jul low. Reclaiming 1.3750/55 however firms while revealing a potential triangle/flat unfolding since the pullback from 1.3853. Below 1.3609 highlights a double top instead.

Res: 1.3723, 1.3736, 1.3755, 1.3795
Sup: 1.3670, 1.3654, 1.3642, 1.3609

GBPUSD
Dropped from last Wednesday’s 2.0399 high to break the same day’s low at 2.0156 albeit marginally to reach 2.0153 before rebounding to 2.0271 last Friday. Bearish oscillators warn weakness shall set in once again, with bias for 50% retrace of 1.9623/2.0656 rally at 2.0140 over coming sessions. Penetration of 15 day falling trendline resist at 2.0351 needed to promote double bottom notion.

Res: 2.0271, 2.0308, 2.0325, 2.0344
Sup: 2.0211, 2.0202, 2.0188, 2.0153

USDJPY
Finding support off last week’s low at 117.19, 06 August, approx Fibonacci 76.4% of 115.16/124.14 upleg, and 117.00 region to hint of potential basing following the decline from 124.14, 22 Jun high. Hourly reclaim of 118.75 and 118.90/ 119.00 will shift focus towards immediate key 119.84 high, 08 August. Pullback now for a higher low off 117.80/45.

Res: 118.75, 118.90, 119.10, 119.29
Sup: 118.10, 117.97, 117.72, 117.50

USDCHF
Trended down from 1.2166, 25 Jul low, to post a new year to date low at 1.1815 Monday. This level marks a key trendline that runs through May and December 06 lows. A recovery has followed and 1.1995/96 was reached Wed/Thurs. Breaking 1.1974, trendline off 1.2072, fueled the latest probe +1.1996. Hourly ascending support at 1.1937 suggests likely test of daily trendline resistance near 1.2039

Res: 1.2024, 1.2039, 1.2066, 1.2085
Sup: 1.1950, 1.1914, 1.1895, 1.1880