Windsor Brokers Ltd

EURUSD
The latest strength from 1.5145, 05 Mar higher low, has cleared former 03 Mar 1.5275 high, accelerating gains to a fresh high of 1.5462 on 07 Mar, ahead of reversal to 1.5311. Consolidation from there followed, ahead of today’s surge to a new all-time high at 1.5495. This, however, proved to be a false break, with immediate sharp decline followed, clearing 1.5311 support, break of which focuses 1.5275/79, former high/61.8% retrace of 1.5145/1.5495 upleg initially, ahead of possible broader weakness towards 1.5145.
Res: 1.5311, 1.5332, 1.5375, 1.5405
Sup: 1.5275, 1.5255, 1.5249, 1.5220

GBPUSD
Has extended rally from 1.9720, 05 Mar higher low, to reach 2.0214/19 highs on 07/10 Mar, ahead of today’s dip to 2.0043. Fresh strength emerged from there, but attempt at 2.0219 stalled just ahead at 2.0210, before the pair slumped. Loss of 2.0043 support now weakens the tone and seeks for test of 1.9969/66, 50% retrace of 1.9720/2.0219 rally/ 05 Mar high, possibly 1.9946/36 on a break.
Res: 2.0043, 2.0057, 2.0085, 2.0111
Sup: 1.9969, 1.9957, 1.9946, 1.9936

USDJPY
Renewed weakness off 104.18, 05 Mar lower top, broke below former 102.62 low to reach fresh one at 101.42 on 07 Mar. ahead of bounce to 103.24. Correction higher, however, was short lived, with bears reversing back to 101.42. This offered solid support, with subsequent bounce now rallying through 102.44/103.24 former high, extending gains to 103.52 for and retracing over 61.8% of 104.18/101.42 downleg. This confirms double bottom and sees scope for further gains towards 104.18. Downside, 102.73/44 offers support and only loss of the latter will weaken the outlook.
Res: 103.52, 104.00, 104.18, 104.36
Sup: 102.95, 102.73, 102.44, 101.85

USDCHF
Extended downtrend off 1.1106, 13 Feb lower top, making a series of fresh all-time lows, with the latest one at 1.0132, seen on 07 Feb. Immediate bounce followed, reaching 1.0282, ahead of steady decline to 1.0147 today. Fresh bulls emerged from there and clearance of 1.0287 has triggered gains to 1.0346 thus far, marking over 61.8% of 1.0427/1.0132 downleg, While 1.0287/55 hold dips, scope remains for fresh gains towards 1.0381/1.0409, with possible retest of 1.0427 on a break. Loss of 1.0219 brings bears back in play.
Res: 1.0305, 1.0381, 1.0409, 1.0456
Sup: 1.0287, 1.0255, 1.0237, 1.0218