Windsor Brokers Ltd

EURUSD
Extends decline off 1.4953, 01 Feb peak, just under 1.4969, historical high. 1.4788 was reached initially, with corrective attempt leaving a lower top at 1.4849/43 on 04 Feb, ahead of sharp decline to reach 1.4593 today, also 61.8% retrace of 1.4366/1.4953 ascend. Immediate scope is seen for further weakness, with break below 1.4593/90 to expose 1.4550/10 zone next. Upside attempts are expected to leave a lower top at 1.4700 area before fresh weakness.

Res: 1.4661, 1.4700, 1.4725, 1.4737
Sup: 1.4593, 1.4565, 1.4550, 1.4510

GBPUSD
The multi-month descend from 2.1161 bottomed at 1.9336 on 22 Jan, followed by reversal to 1.9940/57 zone, that limited further gains. Sharp decline followed, reaching 1.9626 on 04 Feb, over 50% retrace of 1.9336/1.9957 rally, ahead of correction higher that left lower top at 1.9786. Fresh weakness cleared 1.1.9626, extending to 1.9609, followed by correction to 1.9661. The latest decline reached 1.9553, over 61.8% retrace. Hourly studies are still negative, though oversold, with 1.9535/00 seen as next target. Upside attempts are now seen limited by 1.9635/61 and only break above the latter would allow stronger correction.

Res: 1.9609, 1.9635, 1.9661, 1.9700
Sup: 1.9553, 1.9535, 1.9500, 1.9465

USDJPY
Remains in short term uptrend from 105.00, 23 Jan low, after upside rejection at 107.89 found support at 105.70/77. Fresh gains peaked at 107.74/72, just under 107.89, ahead of sharp reversal lower. Losses were stemmed by 106.20, trendline support, drawn off 105.00, with current 106.20/56 congestion. Hourly studies keep the downside favored, with break below 106.20 required for attempt at 105.77/71, possibly 105.00 on a break, while corrective bounce seen limited by 106.70/107.14. Only clearance of the later would improve the picture and re-focus 107.74/89.

Res: 106.65, 106.86, 107.14, 107.46
Sup: 106.16, 106.00, 105.71, 105.00

USDCHF
Extends recovery off 1.0728, 01 Feb low, breaking above 1.0960/88 resistance area, to extend gains to 1.1056, yesterday, retracing exactly 38.2% of 1.1587/1.0728 decline. Correction lower is now underway, with 1.0960/20 expected to hold dips, before fresh bulls attempt at 1.1056, break of which will open way for further recovery towards 1.1085/1.1125.

Res: 1.1003, 1.1056, 1.1085, 1.1125
Sup: 1.0949, 1.0920, 1.0890, 1.0863