Windsor Brokers Ltd

EURUSD
Strong two-legged bounce from 1.5365, 05 June higher low, cleared 1.5814/18 key resistance area, to extend gains to 1.5843 yesterday, ahead of sharp reversal. This broke through a cluster of supports at 1.5700/1.5670/1.5628/1.5572, to reach 1.5495 low today. Possible further extension is seen towards 1.5485/55, though, oversold hourly studies signal correction higher. Near-term tone, however, remains negative and lower top seen towards 1.5628/55 area, ahead of fresh decline. Medium-term bulls, however, remain intact while 1.5376, trendline support, holds.
Res: 1.5618, 1.5654, 1.5678, 1.5700
Sup: 1.5495, 1.5485, 1.5455, 1.5445

GBPUSD
Reversal from 1.9848 left a higher low at 1.9461 on 05 June, after retracing most of the earlier 1.9361-1.9849 upleg. The recovery from 1.9461 breached key resistance at 1.9743 lower top to test 1.9800 zone, ahead of the latest slide. Fears rising for a return toward 1.9541/36, with 1.9553 reached so far, before a possible recovery attempt towards 1.9800, then 1.9823/48.
Res: 1.9704, 1.9741, 1.9756, 1.9769
Sup: 1.9553, 1.9536, 1.9485, 1.9461

USDJPY
Remains constructive from 95.72, 17 Mar yearly low, with latest up-leg off 104.42, yesterday’s higher low, having breached 106.20, trendline resistance, drawn off 106.43, 05 Jun high. This triggered fresh gains climbing through 106.61, longer-term bear trendline, also 38.2% retracement of 124.14/95.72 decline. This targets 107.41 next and firm the near-term bull tone further. First support stands at 106.63/43.
Res: 107.20, 107.41, 107.60, 107.78
Sup: 106.63, 106.43, 105.95, 105.56

USDCHF
Extended losses from the 1.0526/20, 30 May/05 June lower highs, through the 1.0214, 23 May low, to reach 1.0147 yesterday, ahead of latest steady bounce. 1.0397/1.0704 resistance area being tested now, with scope for overshoot to 1.0426/46, without ending fears of a lower top triggering a deeper retreat over coming days towards 1.0050/25.
Res: 1.0407, 1.0426, 1.0446, 1.0490
Sup: 1.0285, 1.0274, 1.0245, 1.0220