Windsor Brokers Ltd

EURUSD
Hesitated at a 2-year rising trendline before resolving lower to extend decline from 1.6020/40, 22 Apr/15 July major double-top. Subsequent loss of 1.4317 key higher low, 22 Dec 07, now adds to risk of extension towards 1.4015, 09 Oct 07 low and 1.4000 next, possibly 1.3840, 18 Sep 07 low, near 50% retracement of 1.1640/1.6040 rise, thereafter. 1.4375/85 resistance area, caps for now.

Res: 1.4330, 1.4365, 1.4385, 1.4410
Sup: 1.4261, 1.4212, 1.4171, 1.4126

GBPUSD
Continues to decline from 1.8792, 21/22 Aug tweezers top, where fresh 2-year lows were made daily since 22 Aug breakdown of 1.8510, 15 Aug former yearly low, support. Descending 5-day MA, now at 1.7777, has capped intraday upswing and sustained gyration below which would risk 1.7505/26, while different 1.618/2.618 projections intersect at 1.7445/46, to hint of a base.

Res: 1.7605, 1.7627, 1.7667, 1.7680
Sup: 1.7537, 1.7526, 1.7505, 1.7484

USDJPY
Accelerating decline following yesterday's loss of a 5-month bull trendline support, while further retracing prior upleg from 103.77, 16 July low. Further downside below 100/200-day MA, near 106.50/60, risks 105.40, 76.4% retracement of 103.77/110.67 upleg and 104.76 region. Resistance zone at 107.85/108.00 should cap for now.

Res: 107.40, 107.62, 107.85, 108.11
Sup: 106.45, 105.91, 105.67, 105.40

USDCHF
Maintains short-term bullish footing as yesterday's lower rejection of a 2- month rising channel drawn off 1.0011, 15 July low, pivots current rise to approach 1.1192/1.1202 minor lower tops. Further rise now hinges on yesterday’s 1.1008 low and over 1.1200/05 hinting near-term 1.1458, 50% retracement of 1.3286/0.9630 fall. Loss of 1.1008, however, warns of reversal to key 1.0842/25 support zone.

Res: 1.1145, 1.1180, 1.1192, 1.1202
Sup: 1.1080, 1.1039, 1.1008, 1.0965

Windsor Brokers

EURUSD
Yesterday’s decline below 1.4659, 15 Aug low, was rejected at 1.4631, before rebounding sharply, as corrective bulls set in. Further recovery remains anticipated towards 1.4826 high, 15 Aug high, also near 61.8% retracement of 1.4952/1.4630 fall, as bull engulfing candle beckons. Back below 1.4631/11, however, foils current basing attempt.

Res: 1.4807, 1.4826, 1.4840, 1.4880
Sup: 1.4745, 1.4699, 1.4659, 1.4631

GBPUSD
Need to emerge from the shadows of overhanging 5-day MA, now at 1.8671, to open correction phase from 1.8510, 15 Aug near 2-year bottom. Until then, further sell-down below 1.8500 levels is likely. In the meantime, choppy trading over the 1.8510 low targets breakout of 1.8723, 18 Aug high and push toward 1.8788, 14 Aug high. A break there would reaffirm short-term base.

Res: 1.8695, 1.8723, 1.8734, 1.8769
Sup: 1.8638, 1.8618, 1.8576, 1.8557

USDJPY
Continues to ease after an upside rejection at 110.66 on 15 Aug, slightly above previous 08/11 Aug 110.37/40 highs, to retrace nearly 50% of the prior upmove from 108.35. Further downside below 109.51, 50% retracement of 108.35/110.66 upleg, risks 109.24/33, 61.8% retracement next and possibly 109.03, 14 Aug low, while a potential bull flag may precede upside return. Break above 110.66 will firm for projected 111.65/70 zone.

Res: 110.40, 110.66, 111.00, 111.30
Sup: 109.51, 109.33, 109.03, 108.55

USDCHF
Yesterday’s rally towards 1.1034/44, 21/18 Feb resistance band, was rejected at 1.1032, marking a key reversal via a bear engulfing candle. Further pullback under 1.0825, 13 Aug higher low is needed to confirm corrective bears to retrace current upswing from 1.0011, 15 July low. Meantime, correction higher is likely before fresh attempt towards 1.0870/75, then 1.0825.

Res: 1.0955, 1.0981, 1.1009, 1.1034
Sup: 1.0895, 1.0874, 1.0825, 1.0800

Windsor Brokers Ltd

EUR/USD
Rolls lower out of past 2-day consolidation to extend decline from 1.6040 record high. Further decline below 1.4761 Fib 76.4% retrace of 1.4365/ 1.6040 rise risk extension towards 1.4702 21 Feb low next although positive hourly divergences may otherwise suggest basing ahead. Regaining 1.4952 high and Wednesday's 1.4980 to firm.
Res: 1.4826, 1.4840, 1.4870, 1.4907
Sup: 1.4750, 1.4702, 1.4642, 1.4611

USD/JPY
Firming off Wednesday's decline at 108.35 to retrace the drop from congestive tops at 110.40 11 Aug region. Headway now above the latter may see acceleration towards 111.0 ahead of equality projection at 111.65/70 as hourly structure off 109.03 low may reflect pent-up bull. Weekly cycle low however may otherwise suggest stalling to risk next minor down-leg instead.
Res: 110.40, 111.00, 111.30, 111.69
Sup: 109.54, 109.33, 109.03, 108.55

GBP/USD
Remains dominated by downtrend from 2.0162 15 Jul reaction high which extended to a near 2-year low at 1.8619, followed by a bounce to 1.8788 Thursday. Oversold recovery remains dubious until price action above 60-hour/5-day MAs now at 1.8763/1.8825 is seen. However, placement of the 1.8619 low at the exact 61.8% retrace level of 1.7047/2.1162 rally may avert test of 1.8582/74.
Res: 1.8788, 1.8735, 1.8770, 1.8788
Sup: 1.8639, 1.8614, 1.8582, 1.8574

USD/CHF
Firming to breach Tuesday/Wednesday's tops at 1.0930/27 to extend current upswing from 1.0011 15 Jul low. Further rise is set at 1.1005/10 equality projection next ahead of minor congestive lower tops at 1.1048 11/18 Feb although negative hourly divergences warn stalling risk ahead. A relapse below Tuesday's 1.0825 low weakens.
Res: 1.1008, 1.1034, 1.1048, 1.1098
Sup: 1.0922, 1.0895, 1.0874, 1.0825

Windsor Brokers Ltd

EURUSD
09:00 (GMT+3) Remains in a tailspin from 1.6040 15 Jul 2008 all-time high where losses have accelerated below 1.4971 61.8% retrace of 1.4310/1.6040 rally. Last Friday's spiral below 200-day MA now at 1.5228 signals medium-term bearishness while near-term outlook is dampened by hourly RSI negative reversal, which hints falling 24-hour MA now at 1.5025 may cap for extension towards 1.4915/1.4863.
Res: 1.4997, 1.5018, 1.5032, 1.5070
Sup: 1.4915, 1.4892, 1.4863, 1.4845

USDJPY
09:00 (GMT+3) Retraced over 50% of June 07/March 08's 124.14-95.77 downtrend at 109.95 and pushed to 110.40 early today. Latest recoil may revisit last Thursday/Friday's 109.13/30 lows, whereupon a break would fuel deeper retreat towards previous pivot highs at 108.59/42 16/25 Jun. However, only sustained weakness below 108.22 06 Aug low defers uptrend extension towards 111.00/30.
Res: 110.40, 110.48, 111.00, 111.30
Sup: 109.30, 109.13, 108.90, 108.59

GBPUSD
09:00 (GMT+3) Probed descending 60-hour MA on last Thursday's upswing to 1.9538 high before beating a hasty retreat which resulted in a spiral below 1.9337 22 Jan low to a new yearly lows at 1.9110 early today. 24/60-hour MAs now at 1.9195/ 1.9342 shall weigh on 1.9105 61.8% retrace of 1.7047-2.1162 uptrend, where sustained weakness risks 1.9051/85. Meanwhile, 1.9225/70 shall curb bounce.
Res: 1.9225, 1.9257, 1.9270, 1.9311
Sup: 1.9125, 1.9110, 1.9085, 1.9068

USDCHF
09:00 (GMT+3) Rallied off 1.0011, 15 July low, to break a key med-term trend-line that connects the May/Jun peaks. This has extended the up move to breach 1.0625, 08 May high/pivot, to focus 1.0845, 61.8% retracement of 1.1598/0.9630 decline. Channel resistance then lies at 1.1880. MA and momentum support the bull structure and today's intraday base at 1.0655 should now underpin the advance.
Res: 1.0874, 1.0886, 1.0930, 1.0963
Sup: 1.0782, 1.0764, 1.0747, 1.0711

Windsor Brokers Ltd

EUR/USD
Rejected Tuesday's attempt to clear former 1.6020 peak, 22 April, before reversing off fresh record high while possibly completing up leg from 1.5611, 07 July. Immediate risk is tagged at Monday's 1.5841 with break triggering minimum 1.5775/80, 61.8% of 1.5611/1.6040 rise, and 1.5765, 11 July low. Break over 1.6040/50 however to firm 1.6200/20.
Res: 1.5949, 1.5980, 1.6000, 1.6040
Sup: 1.5865, 1.5841, 1.5826, 1.5803

USD/JPY
Accelerated decline on loss of last Friday's 105.66 low, near 55-day MA, to take out recent swing low at 104.99,30 June. This reaffirms short-term top at 108.59, 16 June, to further retrace 102.73, 22 May, up leg and possibly the larger 95.77, 17 March, up leg towards 103.87 next, 03 June. Recovery now for a lower top off 105.66 before further downside attempt.
Res: 105.12, 105.48, 105.80, 105.94
Sup: 104.40, 104.16, 104.00, 103.87

GBP/USD
Has broken layers of congestive tops from 2.0008, 01 July, to 2.0050, 04 April, while extending current up leg from 1.9649 higher low, 07 July. Pullback off Tuesday's 2.0162 high, approximately 76.4% of 2.0399/1.9361 fall, unwinds over- extended conditions while a higher low over 2.0008/00 is sought before next attempt at 2.0193, 27 March high. Losing Tuesday's 1.9932 low however weakens.
Res: 2.0078 2.0111, 2.0162, 2.0193
Sup: 1.9980, 1.9960, 1.9932, 1.9915

USD/CHF
Has taken out previous 1.0112 swing low, 03 July, to reaffirm bear phase off 1.0625 high, 08 May). Decline thus far reached 1.0011, approximately 61.8% of 0.9630/1.0625 up leg, while further downside remains tagged at 0.9997, 22 April. Loss there to risk 0.9870, 31 March, approximately 76.4% retrace. Recovery now for a lower swing high under 1.0175.
Res: 1.0149, 1.0175, 1.0200, 1.0219
Sup: 1.0078, 1.0060, 1.0030, 1.0011

Windsor Brokers Ltd

EUR/USD
Has accelerated advance following last Friday's minor bull pennant breakout to extend upswing from 1.5611 higher low, 07 July, which took out prior 1.5910 high, 03 July. Further rise is set to test April's record high at 1.6020 and 1.6050 zones. Pullback for now seeks a swing low over 1.5805/00 while 60-hour/10-day MA bull crossover beckons.
Res: 1.5978, 1.6002, 1.6020, 1.6050
Sup: 1.5876, 1.5836, 1.5795, 1.5765

USD/JPY
Has broken sharply out of past 4-day triangle consolidation instead to breach last Tuesday's 106.25 pivotal support. Faint lower rejection of 7-week bull trendline near last Friday's 105.66 low however sets up recovery bounce while regaining 106.90/107.00 is needed to avert downside risk for an initial 107.30 return. Below 105.66 exposes 105.23/104.99.
Res: 106.79, 106.90, 107.35, 107.45
Sup: 106.25, 105.96, 105.66, 105.45

GBP/USD
Retraced almost 61.8% of the 1.9409/2.0008 rise 13 Jun/01 Jul at Monday's 1.9649 low, from where a two-legged recovery to 1.9797 & 1.9836 was followed by a setback to 1.9712. The bounce from there has stalled just shy of former resist at 1.9797, this must be cleared to avert the risk of a lower top triggering a return to 1.9649/66 in favour of 1.9836/71 possible 1.9888-1.9915
Res: 1.9836, 1.9849, 1.9871, 1.9888
Sup: 1.9797, 1.9749, 1.9706, 1.9693

USD/CHF
Failed to maintain bullish footing above 1.0219 higher low, 07 July, while extending pullback from 1.0353,09 July. This reaffirms short-term bear presence with risk set towards 1.0112, 03 Jul, and scope for further decline towards 0.9997, 22 April low, approximately 61.8% of .9630/1.0625 rise. Recovery for a swing high towards 10-day MA near 1.0242 and 1.0260 region..
Res: 1.0219, 1.0242, 1.0258, 1.0278
Sup: 1.0130, 1.0112, 1.0100, 1.0040

Windsor Brokers Ltd

EUR/USD
Marks a minor swing top failure on the hourly chart Tuesday at 1.5740 before the ensuing pullback to retrace Monday's 1.5611 upleg. Focus is set back at the latter with break resuming the decline off 1.5910, 03 Jul high, towards 1.5537, 25 June, approx 61.8% of 1.5303/1.5910 upleg. A final thrust back at 1.5754/78 resistance zone may be seen before bears reassert.
Res: 1.5728, 1.5740 1.5754, 1.5778
Sup: 1.5674, 1.5650, 1.5635, 1.5521

USD/JPY
Marks lower touch-point of an 8-day rising trendline support after Tuesday's slide at 106.25. Subsequent sharp rebound resets focus back at Monday's 107.75 weekly high with break favoring test of congestive tops at 108.59/62. Waning intraday momentum studies however warn immediate exhaustive risk while a pullback seeks a swing low over 106.25. Loss there weakens.
Res: 107.59, 107.75, 108.00, 108.19
Sup: 106.93, 106.65, 106.25, 106.04

GBP/USD
Shall resume 61.8% retracement of 1.9409/2.0008 rise at 1.9638 following Monday- Tuesday's 1.9649/1.9797 bounce. However, sellers should exercise caution on close proximity to 1.9580/85, 19/23 June lows, owing to bullish implication from 14-day RSI positive reversal signal. For now, hourly technicals favour a fresh upswing into 1.9708/49. Consolidation may trace out a bear pennant.
Res: 1.9749, 1.9863, 1.9797, 1.9828
Sup: 1.9675, 1.9666, 1.9649, 1.9638

USD/CHF
Returns to strength after Tuesday's dip at 1.0219, rejecting Monday's 1.0226 low to set up latest upswing and extending recovery phase from 1.0112, 03 July low. Immediate rise may stretch towards 1.0377, 61.8% retrace of 1.0541/ 1.0112 fall, and 1.0391, 26 June high, region. Hourly over-extended conditions however may delay and pullback seeks a low over 1.0219.
Res: 1.0350,1.0377, 1.0391, 1.0419
Sup: 1.0270, 1.0246, 1.0219, 1.0196

Windsor Brokers Ltd

EURUSD
Extended bounce off 1.5303, 13 June low, to retrace over 61.8% of 1.5843/1.5303 decline, at 1.5652 on 20 June. Reversal from there followed, reaching 1.5469 on 23 June, ahead of the latest rebound to 1.5620, seen yesterday. Weakness from there has so far found support at 1.5537, but a rebound over 1.5595/1.5620 is required to avert the risk of head and shoulders top pattern being traced out and resume the short-term uptrend towards 1.5760/1.5818, before attempting at 1.5843.
Res: 1.5600, 1.5620, 1.5635, 1.5652
Sup: 1.5537, 1.5525, 1.5492, 1.5460

GBPUSD
Rally from 1.9408, 13 June low, reached 1.9788 on 20 June, to nearly fully retrace 1.9799/1.9408 decline. The bounce from there reversed at 1.9723 yesterday, keeping alive fears of a fresh dip to initially retest 1.9585/80, possibly accelerating on a break towards 1.9503/1.9470. Upside clearance of 1.9725/45 is needed to avert immediate downside risk.
Res: 1.9730, 1.9745, 1.9755, 1.9771
Sup: 1.9685, 1.9660, 1.9625, 1.9517

USDJPY
Continues to trend higher from 95.72, 17 Mar yearly low, to reach 108.58 on 16 June, just ahead of key 108.62, 14 Feb high. Corrective pullback to 107.11 was then seen, followed by a lower rejection at 107.36 yesterday. Break above 108.24 will confirm a test on 108.58/62, where an anticipated break will focus 109.95 next.
Res: 108.08, 108.21, 108.42, 108.60
Sup: 107.61, 107.42, 107.11, 107.00

USDCHF
Extended retrace of the 1.0147/1.0539, 09/13 June recovery, to reach 1.0303 low on 20 June, just above 1.0296, 61.8% retracement. Fresh rally followed, clearing 1.0468/73, 18/19 June highs, reaching 1.0492 on 23 June. Correction lower stalled at 1.0349, the latest bounce needs to clear yesterday’s 1.0443/69 intraday low/high to cement hopes of a fresh rise to 1.0528/41.
Res: 1.0435, 1.0443, 1.0469, 1.0492
Sup: 1.0373, 1.0349, 1.0331, 1.0317

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

Windsor Brokers Ltd

EURUSD
Continues reversal from 1.5818, 27 May lower top, to nearly fully retrace 1.5285/1.5818 upleg. 1.5461 low was reached initially, with subsequent bounce being capped by 1.5828/26, ahead of sharp sell-off. Loss of 1.5461 and the recent 1.5410 low, has opened way for fresh weakness that reached 1.5365 today. Correction higher is underway, expected to leave a lower top below 1.5582 for fresh attempt towards 1.5285. Only sustained break above 1.5628 to improve the outlook.
Res: 1.5485, 1.5520, 1.5550, 1.5589
Sup: 1.5450, 1.5410, 1.5385, 1.5365

GBPUSD
Recovery off 1.9364, 14 May low, was capped by 1.9848/50 ahead of reversal. 1.9595 was reached on 02 Jun, ahead of rally to 1.9740 on 03 Jun. This marked a lower top for fresh decline and break below 1.9595 has seen new low at 1.9461, posted today. Near 80% of the 1.9364/1.9850 upleg has so far been retraced. Current bounce seeks a lower high before fresh weakness and potential break below 1.9461 to expose 1.9400/1.9364.
Res: 1.9530, 1.9557, 1.9577, 1.9600
Sup: 1.9452, 1.9440, 1.9400, 1.9364

USDJPY
Remains in uptrend from 95.72, 17 Mar yearly low, with 105.87 high being reached on 29 May. Correction to 103.87 low followed, ahead of renewed strength to 105.56. Subsequent pullback left a higher low at 104.54, ahead of fresh thrust. Today’s clearance of 105.56/87 resistance area and psychological 106.00 level, now seeking for test of 106.60, 38% retracement of 124.14/95.72 downleg, possibly 107.00/40 zone. Downside, 105.30/20 offers initial support, while only loss of 104.54 would weaken the structure.
Res: 106.43, 106.60, 107.00, 107.40
Sup: 105.87, 105.56, 105.20, 105.00

USDCHF
Extended decline from 1.0625, 08 May high, to reach 1.0216 on 23 May, ahead of recovery. Gains reached 1.0523/26 on 29/30 May, before reversing to 1.0274. The rebound through 1.0448 lower top led to today's probe of trendline resistance off 1.0625, near 1.0500, ahead of the latest reversal. A fresh higher low is now sought by 1.0360, with potential break below here to allow deeper correction and delay immediate bulls.
Res: 1.0447, 1.0470, 1.0489, 1.0507
Sup: 1.0360, 1.0325, 1.0300, 1.0274

Windsor Brokers Ltd

EURUSD
Gains from 1.5285, 08 May low were capped by 1.5814/18, 22/27 May highs. Reversal from there reached 1.5461 on 30 May, marking over 61.8% retracement of the 1.5285/1.5818 upleg. Bounce higher was followed by consolidation phase above 1.5487/1.5520 support, with the latest push higher having cleared 1.5607 resistance and extending to 1.5628 so far. This averts immediate fears of fresh slide below 1.5461 and turns focus towards 1.5660/67 instead.
Res: 1.5640, 1.5660, 1.5667, 1.5695
Sup: 1.5589, 1.5569, 1.5514, 1.5486

GBPUSD
Retraced over 61.8% of the 2.0024/1.9361 decline, as bounce off 1.9361 reached 1.9848/49 highs on 22/23 May. Choppy action with a slight downside bias was then seen, reaching 1.9672/83 lows on 29/30 May before bouncing to 1.9823. Reversal from there cleared 1.9734/30 supports, completing a short-term top, with 1.9595 being reached so far. Correction higher initially reached 1.9678, interrupted by pullback to 1.9610 today. Fresh strength emerged from there, with lower top sought for deeper retreat below 1.9595.
Res: 1.9687, 1.9708, 1.9745, 1.9785
Sup: 1.9610, 1.9595, 1.9585, 1.9554

USDJPY
Bounce from 102.73, 22 May higher low, has exceeded previous 02 May high at 105.70, reaching 105.87 on 29 May. Reversal from there reached 104.02 yesterday, with subsequent correction higher leaving a lower top at 104.69. Fresh decline tested 103.87, near 61.8% of 102.73/105.87 ascend, ahead of bounce. Upside clearance of 104.69 is required to resume gains towards 105.50/87, otherwise, risk exists for fresh attempt lower and below 103.87 to open 103.45 next.
Res: 104.69, 104.85, 105.00, 105.24
Sup: 103.87, 103.70, 103.45, 103.27

USDCHF
Extended losses from 1.0625, 08 May recovery high to reach 1.0216 on 23 May before steadily recovering. Clearance of 1.0355 completed a short-term base, with gains reaching 1.0523/26 on 29/30 May, before reversing. 1.0325 low was reached yesterday, ahead of a correction to 1.0386. Fresh setback is now under way, targeting 1.0274/60, possibly 1.0224/15 on a break.
Res: 1.0365, 1.0390, 1.0407, 1.0425
Sup: 1.0274, 1.0260, 1.0224, 1.0215

Windsor Brokers Ltd

EURUSD
Bounced off 1.5285, 08 May low, to reach 1.5814/18 highs on 22/27 May, retracing over 61.8% of the 1.6020/1.5285 decline. Fresh weakness followed, with break below 1.5692 support, marking top. Losses so far reached 1.5461 on 30 May, ahead of recovery attempt, with gains being so far capped by 1.5569/68. If the later remains intact, this will mark lower top for fresh attempt towards 1.5461. Clearance of 1.5569, however, would confirm today’s 1.5514 as a higher low, ahead of fresh push higher to target 1.5607/61 instead.
Res: 1.5569, 1.5589, 1.5607, 1.5661
Sup: 1.5514, 1.5486, 1.5461, 1.5448

GBPUSD
Has so far retraced over 61.8% of the 2.0024/1.9361 decline, as bounce off 1.9361 reached 1.9848/49 highs on 22/23 May. Choppy action with a slight downside bias was then see, reaching 1.9672/83 lows on 29/30 May before bouncing to 1.9823. Reversal from there cleared 1.9734/30 supports, completing a short-term top, with 1.9595 being reached so far. Further losses now seen towards 1.9585/54, possibly 1.9535/03 on a break.
Res: 1.9672/1.9683, 1.9708, 1.9745
Sup: 1.9585, 1.9554, 1.9540, 1.9503

USDJPY
Bounce from 102.73, 22 May higher low, has exceeded previous 02 May high at 105.70, reaching 105.87 on 29 May. Pullback is now under way, with loss of 105.24/12 suport zone, triggering fresh losses to 104.66 so far. Short-term bulls, however, remain in play, with higher low above 104.61/46 sought for fresh attempt higher. Regain of 105.24/52 needed to re-focus 105.70/87.
Res: 105.12, 105.24, 105.52, 105.54
Sup: 104.61, 104.46, 104.35, 103.89

USDCHF
Extended losses from 1.0625, 08 May recovery high, to reach 1.0216 on 23 May, ahead of recovery. Upside clearance of 1.0355 completed a short-term base, with gains reaching 1.0523/26 on 29/30 May, ahead of the latest retreat. Attempts to build a higher low at 1.0409 have failed, delaying hopes of a fresh rise to 1.0573/89 and warning of a return to 1.0365/55
Res: 1.0444, 1.0470, 1.0507, 1.0526
Sup: 1.0388, 1.0365, 1.0355, 1.0300

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

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

Windsor Brokers Ltd

EURUSD
The latest downleg of decline from 1.6019, 22 Apr all-time high, from 1.5594, 06 May higher low, bottomed at 1.5285 on 08 May, ahead of bounce. Recovery reached 1.5488 highs on 09 May/today, interrupted by dip to 1.5366. Current gains need to clear 1.5488 to avert immediate downside risk and open 1.5594 for retest, otherwise, 1.5488 will mark a lower top ahead of fresh attempt towards 1.5366, then 1.5285.
Res: 1.5488, 1.5500, 1.5520, 1.5536
Sup: 1.5400, 1.5394, 1.5366, 1.5342

GBPUSD
Extended decline from 2.0024, 21 Apr lower top, with break below 1.9600, marking full retracement of 1.9600/2.0024 upleg and triggering fresh losses that bottomed at 1.9442 today. Recovery attempt is under way, with 1.9616 high reached so far, just ahead of 1.9618, 08 May previous high. Sustained lift above 1.9618/34 is needed to resume correction and expose 1.9712/45 next. Failure at 1.9618 will risk lower top, ahead of fresh decline for extension under 1.9442, to target 1.9365/35.
Res: 1.9618, 1.9634, 1.9654, 1.9683
Sup: 1.9502, 1.9459, 1.9441, 1.9410

USDJPY
Extended recovery from 95.72, 17 Mar low, to reach 105.70 on 02 May. A dip to 104.02 followed, before a marginally lower high at 105.59. Fresh decline cleared 104.02 support, completing a top, and extending losses to 102.61/57 on 09 May/today, ahead of current recovery that challenges 104.02 resistance. Clear break there is needed to re-focus 105.59/70, possibly 106.60 on a break, while 102.57 supports and potential loss there to open 101.90 instead.
Res: 104.02, 104.15, 104.33, 104.59
Sup: 103.22, 103.00, 102.57, 102.25

USDCHF
Extended the recovery from 22 Apr higher low at 0.9997 to briefly reach 1.0625 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, ahead of the latest recovery. This is as so far seen corrective, with clearance of 1.0542/50 needed to avert a subsequent extension lower.
Res: 1.0510, 1.0542, 1.0550, 1.0595
Sup: 1.0428, 1.0405, 1.0390, 1.0360

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

Windsor Brokers Ltd

EUR/USD
Undergone shallow corrective recoveries at 1.5694 Monday before latest weakness to continue setting focus at 1.5510 higher low, 03 April. Loss there would further reaffirm recent rising wedge breakout to risk key higher low at 1.5341, 24 March. Meantime, recovery for now seeks a lower top off Tuesday's 1.5664 while regaining 1.5694/1.5707 resistance band neutralizes.
Res: 1.5619, 1.5643, 1.5668, 1.5694
Sup: 1.5540, 1.5510, 1.5473, 1.5456

USD/JPY
Has fallen to a low of 103.22, approximately Fibonacci 76.4% retrace of 102.67/104.83 upleg before staging strong rebound off 10-day MA. This completes a suspected 3-legged corrective pullback with lift above 104.37 high favoring 104.83/95 retest and scope towards 105.22/59 region. Pullback now seeks a swing low over 103.22 while losing 102.67, 22 April signals s/t trend reversal.
Res: 104.37, 104.55, 104.70, 104.83
Sup: 103.63, 103.19, 102.98, 102.67

GBP/USD
Hat tempted to stymie downtrend from 2.0399, 14 March yearly peak by attempting a recovery from 1.9600, 15 April low to 2.0029, 21 April high thus far. Latest slide from Monday's 1.9965 high surrended all gains from last Friday's 1.9677 low, pivoting losses toward the 1.9600 pivot low. Softening technical favour a break for 1.9535/80 while intraday upside may be rejected by Monday's 1.9782 low
Res: 1.9706, 1.9745, 1.9759, 1.9770
Sup: 1.9750, 1.9600, 1.9580, 1.9552

USD/CHF
Maintains bullish posture at lofty level off Monday's shallow corrective pullback at 1.0299 to continue probing 4-month bear trend line resistance. An upside break of last Friday's 1.0431 would trigger extension towards 1.0544, 61.8% retrace of 1.1108/.9630 fall. Losing 1.0299 however marks a minor top breakout and risks deeper pullback to 1.0200/1.0165.
Res: 1.0400, 1.0431, 1.0484, 1.0485
Sup: 1.0315, 1.0299, 1.0282, 1.0250

Windsor Brokers Ltd

EUR/USD
Extending pullback from last week's rejection of psychological 1.6000 level to come within reach of 1.5510 higher low, 03 April while highlighting a 4-week rising wedge breakout. Meantime, a suspected 5-wave hourly structure from 1.6020 nears possible completion while a relief bounce is sought with lift above 1.5707 favoring 1.5792/1.5835 throwback.
Res: 1.5669, 1.5708, 1.5746, 1.5774
Sup: 1.5585, 1.5555, 1.5533, 1.5510

USD/JPY
Has breached last Friday's 104.66 rally high to extend current upleg from last Tuesday's 102.67 higher low. Last Friday's lower rejection below 104.00 sets up next upside attempt towards 104.95/105.10 with break favoring extension towards 105.55/60, Fibonacci 76.4% of 108.62/95.77 fall. Relapsing under 103.90 however delays as daily studies are overbought.
Res: 104.95, 105.05, 105.38, 105.59
Sup: 104.41, 104.07, 103.85, 103.32

GBP/USD
Surges off last Friday's potential higher base as bull engulfing candle pattern beckons. Rally thus far has met minimum retrace of prior 3-legged swings from 2.0029, 21 April high at 1.9890 while pullback for now seeks a higher low above last Friday's 1.9677 before next upleg. Above 1.9890 opens initial 1.9975, 23 April high.
Res: 1.9862, 1.9890, 1.9936, 1.9975
Sup: 1.9807, 1.9772, 1.9756, 1.9745

USD/CHF – 09:00 (GMT+3)
Seeing upper rejection of a 4-week falling trendline resistance after reaching a high of 1.0431 last Friday. Subsequent daily doji candle reflects immediate bull hesitation while risking possible bear easing towards 1.0220/00 region before bulls reassert. Clearing 1.0431 favors 1.0540/45, 61.8% retrace of 1.1108/0.9630 fall next.
Res: 1.0385, 1.0431, 1.0457, 1.0485
Sup: 1.0302, 1.0282, 1.0247, 1.0235

Windsor Brokers Ltd

EURUSD
Snaps back under psychological 1.6000 level after posting fresh record high on Tuesday at 1.6020. Latest breach of Tuesday's 1.5835 higher low, near 61.8% of 1.5711/1.6020 upleg, risks 1.5792, 21 Apr low, near 3-week bull trendline, next. Recovery now seeks a lower top towards 1.5915/40, while losing 1.5792 highlighting possible 4-week rising wedge breakout.
Res: 1.5897, 1.5915, 1.5945, 1.5957
Sup: 1.5792, 1.5751, 1.5711, 1.5695

USDJPY
Firming off Tuesday's decline at 102.67 as short-term bulls retain grip above last Friday's bullish candle low of 102.25. Further lift above Monday's 104.07 weekly high reinstates bulls for a 104.66 high retest while rising 10-day MA beckons. Overbought 14-day RSI at historical 60% readings, however, may otherwise warn stalling and below 102.25 risks 100.03 pullback.
Res: 103.79, 104.07, 104.66, 104.95
Sup: 103.22, 102.98, 102.64, 102.55

GBPUSD
Subjects to more volatile trading as 14-day RSI negative reversal signal weighs on downside with its projection of 1.9594 zone and also rejections at Mon/Tue 2.0029/1.9999 highs. However, a fresh bounce is seen ahead of 1.9745 low, while hourly RSI positive reversal concurs with a projection of 2.0030 area. Look for a rise above 1.9867 to elevate the pair towards 1.9975.
Res: 1.9820, 1.9832, 1.9867, 1.9895
Sup: 1.9772, 1.9740, 1.9722, 1.9707

USDCHF
Surges off Tuesday's 0.9997 decline, completing prior 5-wave hourly downswing from 1.0285, 18 Apr high. This continues to highlight a possible expanded flat consolidation with further lift above Monday's 1.0206 weekly high reopening key 1.0285. Meantime, Wednesday's bull engulfing candle beckons and dip seeks a swing low over 1.0023/20.
Res: 1.0206, 1.0250, 1.0285, 1.0315
Sup: 1.0132, 1.0120, 1.0073, 1.0065

Windsor Brokers Ltd

EURUSD
Bounce off 1.5342, 24 Mar low, has nearly fully retraced 1.5902/1.5342 correction, peaking at 1.5896 on 31 Mar, before fresh weakness to 1.5534. This now confirms short-term top and opens way for further reversal towards 1.5470/56, with possible extension to 1.5406. Upside attempts, however, are seen corrective and lower top at 1.5725/90 zone seen before fresh decline.
Res: 1.5674, 1.5685, 1.5707, 1.5730
Sup: 1.5575, 1.5534, 1.5470, 1.5456

GBPUSD
Corrected higher from 1.9734, 20 Mar low, to reach 2.0190 on 27 Mar, retracing over 618% of the previous 2.0396/1.9734 decline, ahead of reversal. Loss of 1.9944/24 and 1.9880 supports confirmed lower top, with losses attempting at 1.9720/34, neckline of the head and shoulders pattern of the past five weeks. 1.9728 being reached so far, though, no signs of lasting low and break below 1.9720 for extension towards 1.9642/14 is not ruled out. Upside 1.9985 offers strong resistance.
Res: 1.9842, 1.9854, 1.9885, 1.9931
Sup: 1.9787, 1.9746, 1.9728, 1.9707

USDJPY
Extended decline from108.62, 14 Feb lower top to reach 95.72 low on 17 Mar. The lower rejection there triggered recovery to 101.04, and a bull flag developed. This was completed on a break above 100.00/39 Further gains cleared 101.04, completing 2 week base that initiated rally through 102.13, 50% retracement of 108.60/95.72 decline, to expose 103.66, that marks, 61.8% retracement. Downside, 101.50 offers initial support.
Res: 102.65, 102.94, 103.24, 103.57
Sup: 101.70, 101.50, 101.04, 100.67

USDCHF
Reversal from 1.0250, 24 Mar high, reached 0.9870, retracing over 61.8% of the 0.9635/1.0250 rally, ahead of fresh push higher. Clearance of 0.9993/95; 1.0038/50 and 1.0095/1.0112 resistances has so far seen 1.0163 high, interrupted by dip to 1.0084.This sees scope for fresh gains towards 1.0196/1.0221, with possible retest of 1.0250 on a break.
Res: 1.0163, 1.0198, 1.0221, 1.0250
Sup: 1.0112, 1.0095, 1.0084, 1.0060