Windsor Brokers Ltd

EURUSD
Extends recovery off 1.5285, with succession of higher lows keeping bulls in play. Upside break of 1.5566/70 highs that initially capped, gains extended to 1.5633 on 19 May, ahead of sharp reversal to 1.5486, near the trendline support, where fresh strength emerged. The latest break above 1.5570/1.5633 resistances has so far seen 1.5679, with scope for extension towards 1.5693/1.5711. Downside, 1.5633/1.5570, now reverted to support, underpin the advance.
Res: 1.5693, 1.5711, 1.5740, 1.5755
Sup: 1.5570, 1.5560, 1.5535, 1.5525

GBPUSD
Recovery from 1.9364, 14 May low, initially reached 1.9623 high on 19 May, followed by sharp reversal to leave a higher low at 1.9452, ahead of fresh strength. Rally cleared 1.9623 resistance today, triggering fresh upside extension to 1.9690. Further gains target 1.9710/45 area, though overbought hourly studies warn of correction before fresh attempt higher. 1.9624/1.9596 offer initial support.
Res: 1.9690, 1.9710, 1.9723, 1.9748
Sup: 1.9624, 1.9596, 1.9575, 1.9535

USDJPY
Recovery from 95.72, 17 Mar low, peaked at 105.70 on 02 May, ahead of reversal to 102.57/61 on 09/12 May. Fresh rally attempted towards 105.70, reaching 105.43 on 14 May, ahead of reversal that is now testing 103.54/39 support. Potential loss of the latter will weaken the structure for deeper setback towards 103.20/05, while below 102.57 turns bearish. Downside rejection above 103.39, however, will keep bulls in play for renewed attempt at 105.45/70.
Res: 104.22, 104.48, 104.69, 105.05
Sup: 103.52, 103.39, 103.05, 102.57

USDCHF
Has nearly fully retraced the 1.06241.0390 decline, reaching 1.0599 high on 14 May, before retreating to 1.0413. The loss of 1.0485, 15 May low completed a minor top pattern, with bounce to 1.0571 having marked sort-of lower top for a deeper decline. 1.0390 has already been cleared, with 1.0375 reached so far. Market now looks for extension towards 1.0350/30, possibly 1.0315/1.0296 on a break, where bulls should re-assert.
Res: 1.0413, 1.0448, 1.0485, 1.0500
Sup: 1.0350, 1.0330, 1.0315, 1.0296