Windsor Brokers Ltd

EURUSD
Underwent correction/consolidation mode after 3-legged decline off 1.4953, 01 Feb high, bottomed at 1.4441/51 on 07/08 Feb. Subsequent bounce has broke channel trendline resistance at 1.4540, extending to 1.4577, ahead of pullback to leave higher low at 1.4481. Choppy trade followed, ahead of current strength that attempts above 1.4577. Clear break here is needed to avert immediate downside risk and open way for stronger correction towards 1.4590/1.4610, before fresh decline. Only reclaim of 1.4650/70 will confirm bulls.

Res: 1.4590, 1.4610, 1.4625, 1.4660
Sup: 1.4549, 1.4530, 1.4490, 1.4481

GBPUSD
Continues steady recovery from 1.9386, 07 Feb higher low, following an earlier sharp reversal from 1.9957, 30 Jan yearly high. Succession of higher lows off 1.9386 keeps short-term bulls in play, with current break above 1.9554/29, today’s/11 Feb former highs and 1.9585, opens way for correction towards 1.9633, before leaving possible lower top for fresh downmove. Upside clearance of 1.9633/56 zone would trigger stronger recovery.

Res: 1.9621, 1.9633, 1.9656, 1.9664
Sup: 1.9554, 1.9529, 1.9490, 1.9443

USDJPY
Remains in short term uptrend from 105.00, 23 Jan low, with latest bounce off 106.30, trendline support, now attempting towards 107.82/88, 07 Feb range ceiling. Clearance there is needed to resume recovery towards 108.35, possibly 108.62/80 on a break, while failure risks reversal to 106.83/75, ahead of 106.43/33.

Res: 107.74, 107.82, 107.89, 108.35
Sup: 106.83, 106.75, 106.33, 105.92

USDCHF
Continues recovery from 1.0728, new all-time 01 Feb low, breaking above 1.1056, previous high of 05 Feb, to extend gains to 1.1102 on 07 Feb. Correction to 1.0946 followed ahead of fresh gains that were so far capped by 1.1036/46. Current pullback needs to leave a higher low above 1.0946 to keep bulls in play, for fresh upside attempts. Break through 1.1046 to expose 1.1080/1.1102, break of which is required to resume recovery towards 1.1125/70. Loss of 1.0946/32, however, weakens the picture.

Res: 1.1036, 1.1046, 1.1056, 1.1085
Sup: 1.0979, 1.0957, 1.0946, 1.0932