Market report.

[Oscar09]

EURUSD
Rallied steadily off 1.4441, 07 Feb bottom, to reach 1.4697 today, 50% of 1.4953/1.4441 decline, ahead of correction to 1.4655. Fresh strength has emerged from there, looking for 1.4698 retest, break of which is required to resume recovery and expose 1.4737/55 next. Downside for now remains protected by 1.4655/31 and only loss of the latter to weaken the outlook.

Res: 1.4698, 1.4737, 1.4755, 1.4790
Sup: 1.4655, 1.4631, 1.4615, 1.4600


GBPUSD
Extended gains off 1.9386 low, clearing 1.9632/64 previous highs, to 1.9737 late yesterday. Shallow correction to 1.9680 followed, though fresh attempt higher left a lower top at 1.9721 today, ahead of sharp decline. Losses broke under 1.9665/13 support zone, to reach 1.9599 low and fading immediate hopes of fresh strength. However, scope for upside attempt towards 1.9737/21 still exists, while 1.9550 support holds.

Res: 1.9672, 1.9683, 1.9721, 1.9737
Sup: 1.9594, 1.9561, 1.9550, 1.9530



USDJPY
Broke above 107.89/82 range ceiling on 13 Feb to reach fresh high of 108.60, near 38.2% of 114.65/105.00 decline, but failed to sustain gains. Immediate pullback to 107.66 followed, with strength from there stalling at 108.31 and leaving a lower top, ahead of sharp decline. Losses broke below 107.66/51 support, to reach 107.27. Near-term picture is now weakened, with risk seen of further decline towards 107.00. To avert this, reclaim of 108.31 is now required.

Res: 107.65, 107.82, 108.31, 108.60
Sup: 107.22, 107.00, 106.80, 106.65



USDCHF
Recovery from 1.0728, all time low, failed at 1.1102 on 07 Feb, ahead of pullback to 1.0946. Renewed strength regained the previous high, slightly overshooting to 1.1106 on 13 Feb, but failed to sustain gains, leaving a hourly double top, ahead of strong decline. Supports at 1.0979/46/32 have been lost, with 1.0884 low reached so far. Oversold hourly studies suggest correction higher, with lower top seen below 1.0985, ahead of fresh weakness.


Res: 1.0932, 1.0946, 1.0979, 1.0985
Sup: 1.0885, 1.0865, 1.0800, 1.0728

www.windsorbrokersltd.com
Forex, Futures and CFD”s all in one account.
Telephone 00357 25 500 500
Cyprus.