Windsor Brokers Ltd

EURUSD
Reversal from 1.6019 peak bottomed at 1.5285 on 08 May, ahead of two-legged recovery. 1.5488 was reached initially, followed by dip that left a higher low at 1.5366, with fresh push higher seen extending to 1.5570. Failure to sustain gains has triggered fresh weakness, with loss of 1.5431, 13 May low, support, now fading hopes of higher low ahead of fresh attempt higher and increasing risk of decline towards 1.5361/34, possibly 1.5285 on a break. Only regain of 1.5480/88 would improve the outlook.
Res: 1.5488, 1.5523, 1.5550, 1.5566
Sup: 1.5396, 1.5361, 1.5334, 1.5314

GBPUSD
Declined from 2.0024 lower top, breaking through 1.9600 key support and extending losses to 1.9502 on 07 May. Choppy recovery has followed, leaving a lower top at 1.9632 on 12 May, ahead of fresh weakness. Losses breached 1.9442/10 support zone, to reach 1.9364 low so far. Further downside target stands at 1.9336, break of which will expose 1.9185, 2007 low. Oversold hourly studies, however, see scope for correction higher, with 1.9550/85 zone expected to cap.
Res: 1.9442, 1.9469, 1.9492, 1.9500
Sup: 1.9364, 1.9336, 1.9308, 1.9275

USDJPY
Rally from 95.72, 17 Mar low, peaked at 105.70 on 02 May, followed by dip to 104.02. Recovery attempt left slightly lower high at 105.59, ahead of strong decline. This reached 102.57/61 lows on 09/12 May. The latter now buoys advance and 104.10 resistance, 50% retracement of 105.70/102.57 decline has been breached in attempt to retest the 105.59/105.70 region, with possible extension to 106.60 seen on a break. 104.58/30 offers initial support.
Res: 105.44, 105.59, 105.70, 106.20
Sup: 104.58, 104.30, 104.00, 103.76

USDCHF
Recovery from 22 Apr higher low at 0.9997 peaked at 1.0625 on 08 May, before reversing through 1.0550/42 to leave a failed upwards break above 1.0607, 02 May former top. Steady decline to 1.0390 followed, with subsequent recovery to 1.0508/10, ahead of downleg to 1.0390. Fresh upside attempt cleared of 1.0555 and 1.0594 resistances, ending fears of further weakness in favor of recovery resumption.
Res: 1.0599, 1.0607, 1.0625, 1.0665
Sup: 1.0512, 1.0480, 1.0461, 1.0420