Windsor Brokers Ltd

EURUSD
The final thrust through 1.4953/69, all time traded highs, has broken the past three months range, to establish a series of fresh peaks, with yesterday’s 1.5271 new spike top. Corrections were seen to 1.5158/43 on 03 Mar/29 Feb and the latter offers significant support, for further extension of the current uptrend. Clearance of 1.5271 will focus 1.5290, 1.382 of the 1.4310/1.4921 from 1.4441, then 1.5300 figure. Downside loss of 1.5153, however, would delay bulls and open way for stronger recovery towards 1.5088/72, next support.
Res: 1.5235, 1.5271, 1.5285, 1.5300
Sup: 1.5174, 1.5158, 1.5143, 1.5088

GBPUSD
Two legged recovery from 1.9361, 20 Feb low, has cleared 1.9737/86, previous 14/04 Feb highs, to slightly exceed 1.9957, 30 Jan former yearly high, reaching 1.9970 on 27 Feb. Immediate pullback to 1.9761 followed, ahead of current consolidation within 1.9784/1.9945 range. Short-term bulls remain in play, though, regain of a minimum of 1.9920/45 is required to confirm higher low at 1.9761, for fresh attempt above 1.9970 to 2.0000 initially. Loss of 1.9761 would risk reversal to 1.9737/09, before bulls reassert.
Res: 1.9903, 1.9920, 1.9945, 1.9970
Sup: 1.9810, 1.9784, 1.9761, 1.9737

USDJPY
Extended decline off 108.60/22, 14 Feb high/25 Feb lower high, breaking down from recovery channel of 105.00, to clear all significant supports, including 105.00 and trigger sharp losses to 102.62 yesterday. Recovery attempt from there reached 103.70, above 23.6% retrace of the 106.64/102.62 downleg, with subsequent dip to 102.95 followed. Further upside attempts were capped by 103.58, with current weakness losing 102.95/89 support, now attempting at 102.62, break of which will signal the continuation of the downtrend and open 102.35/00, possibly 101.65, Jan 2005 low.
Res: 103.58, 103.70, 103.80, 104.15
Sup: 102.70, 102.62, 102.35, 102.00

USDCHF
Reversal from 1.1106, 13 Feb recovery top, cleared 1.0728, 01 Feb historical low, to trigger sharp decline to reach fresh all-time traded low at 1.0308 yesterday. Recovery attempt from there was short-lived, with 1.0456 being reached, ahead of fresh weakness to 1.0335 thus far. However, yesterday’s higher low at 1.0332 is still intact and this keeps hopes of fresh push higher to retest 1.0456, though, reclaim of 1.0525 is required to ease current bear pressure and avoid fresh slide through 1.1.0308, towards 1.0240.
Res: 1.0427, 1.0456, 1.0486, 1.0525
Sup: 1.0332, 1.0322, 1.0308, 1.0240