Windsor Brokers Ltd

EURUSD
Trending down to 1.3600, following Monday’s decline from 1.3709 following completion of a minor hourly flat consolidation. Further downside is tagged at 1.3568, 06 Jul low, near 50% of 1.3264/1.3853 upleg, before completing a suspected 5 wave decline from 1.3840, 06 August high). Regaining 1.3660/65 hints fresh upleg underway to initial 1.3709 retest.

Res: 1.3645, 1.3664, 1.3683, 1.3706
Sup: 1.3593, 1.3576, 1.3568, 1.3555

GBPUSD
Continues trending down after recent bouncing were stymied by 15 day bear trendline now at 2.0329, resulting in last Wed/Thur’s 2.0399/71 lower tops. Consolidation off Monday’s 2.0085 low is doomed to fail as hourly RSI negative reversal signals fall to 2.0002 area, which highlights equality projection of 2.0656/2.0183 down leg from 2.0463, 06 August lower to, at 1.9990.

Res: 2.0145, 2.0165, 2.0189, 2.0202
Sup: 2.0085, 2.0056, 2.0044, 2.0005

USDJPY
Slipping off Monday’s rise which stalled ahead of 10 day MA near last Friday’s 118.75 high. Meantime, potential basing unfolds off recent spike at 117.19/21, 06/10 August lows, approx 76.4% retrace of 115.16/124.14 upleg, with lift above 118.75/119.00 hinting completion of 5 wave decline from 123.67, 09 Jul high. Below 117.19/117.00 however risks 116.67 higher low, 29 March low.

Res: 118.30, 118.57, 118.75, 118.90
Sup: 117.68, 117.50, 117.21, 117.00

USDCHF
Has broken above a 2 month bear channel with price action off 1.1895, 07 August, low reflecting pent up bull consolidation. Immediate focus is set at 1.2085, 02 August high, approx 76.4% of 1.2166/1.1815 downleg, with break further enhancing a short term low in place at 1.1815, 06 August, to highlight key 1.2166 lower high, 25 Jul. Pullback needs to hold over Monday’s 1.1975 low.

Res: 1.2073, 1.2085, 1.2100, 1.2133
Sup: 1.2020, 1.2000, 1.1975, 1.1955