Windsor Brokers Ltd

EURUSD
Remains in a short-term downtrend from 1.6019, 22 Apr all-time high, with loss of 1.5710/28 and 1.5511 support, triggering losses to 1.5432 on 01 May. Consolidation followed, ahead of fresh weakness clearing 1.5432 and 1.5406, to accelerate losses to 1.5361 so far. Further losses seen towards 1.5334, possibly 1.5282 on a break. Oversold hourly studies, however, warns of correction preceding downmove, with 1.5517/40 capping. Only break of the latter would improve the picture.
Res: 1.5432, 1.5482, 1.5499, 1.5517
Sup: 1.5372, 1.5361, 1.5334, 1.5282

GBPUSD
Has almost fully retraced the 1.9599/2.0024 recovery, reaching 1.9622 low on 30 Apr before rallying to 1.9907. The reversal from there and a lower top at 1.9965, kept alive fears of an eventual break lower to1.9535/05, 1.9439/10 on a break and possibly 1.9363/40 on the loss of the latter. The latest bounce from 1.9711/21 lows stalled at 1.9895, with fresh losses now underway.
Res: 1.9745, 1.9790, 1.9820, 1.9840
Sup: 1.9703, 1.9675, 1.9665, 1.9650

USDJPY
Extended recovery from 95.72, 17 Mar low, to reach 102.94 high on 03 April, before correcting lower to 100.03, 10 Apr low. Two week bull pattern formed and 104.83/104.89 highs were reached next. Yesterday’s lower rejection at 103.55, kept bulls in play and the current strength through the 104.83/89 ceiling projects gains to 106.60, 38% retracement of 124.14/95.72 decline. 103.55/22 now underpins.
Res: 105.70, 105.95, 106.18, 106.60
Sup: 105.03, 104.94, 104.86, 104.30

USDCHF
Has steadily recovered from 0.9997, 22 Apr higher low. Initial gains reached 1.0430 on 25 Apr and were followed by a correction to 1.0302/1.0299. A fresh push higher has emerged from there, clearing 1.0430 then 03 Mar high at 1.0457, to raise hopes of attack at 1.0611/43, with 1.0604 being reached so far. Renewed strength expected to persist while 1.0430 support holds.
Res: 1.0611, 1.0643, 1.0682, 1.0665
Sup: 1.0529, 1.0509, 1.0485, 1.0457