Windsor Brokers Ltd

EURUSD
Continues to trend higher on bounce off 1.4441, 07 Feb higher low, clearing previous 1.4953 and 1.4969 peaks, to establish new high at 1.5275 on 03 Mar, ahead of 1.5145/1.5249 consolidation. Yesterday’s fresh thrust cleared the former high, extending gains through 1.5360 projection, to a fresh high of 1.5373 today. Bulls are looking for test of 1.5396/1.5410, projected levels next, while overbought hourly tools warn of correction before fresh attempt higher. However, 1.5275/49 zone is expected to contain dips to keep immediate bulls in play.
Res: 1.5373, 1.5396, 1.5410, 1.5450
Sup: 1.5302, 1.5262, 1.5275, 1.5249

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. Consolidation between 1.9791 and 1.9945, with dip to 1.9720 seen on 05 Mar, where higher low was left ahead of fresh strength. Sharp rally cleared previous 1.9970 high, as well as 2.0000 barrier, extending gains to 2.0057 thus far. Next target stands at 2.0099/2.0105, while 1.9970/57 offers initial support.
Res: 2.0057, 2.0105, 2.0180, 2.0195
Sup: 1.9970, 1.9957, 1.9940, 1.9900

USDJPY
Extended decline off 108.60/22, 14 Feb high/25 Feb lower high, breaking down from recovery channel off 105.00, to trigger sharp losses to 102.62 on 03 Mar. Recovery attempt from there reached 103.70, above 23.6% retrace of the 106.64/102.62 downleg, with subsequent dip to 102.66. Bounce from there reached 104.18, 38.2% retrace of 106.64/102.62 decline, ahead of fresh weakness. Focus is now to the downside and while below 103.33/39, confirms 104.18 lower top and keeps scope for 102.60 retest.
Res: 103.39, 104.00, 104.18, 104.36
Sup: 102.95, 102.70, 102.62, 102.35

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. Recovery attempt from there was short-lived, with 1.0456 being reached, ahead of fresh weakness to 1.0335 thus far. Narrow correction followed, ahead of fresh weakness that cleared 1.0308, reaching 1.0274 so far, en-route to 1.0240, 100% extension of the 1.1594/1.0728 downleg, from 1.1106. Upside regain of 1.0427/56 is required to ease downside pressure.
Res: 1.0308, 1.0332, 1.0356, 1.0410
Sup: 1.0284, 1.0274, 1.0250, 1.0240