EUR/USD -- Neckline breach of a head-and-shoulders pattern
that started almost a year ago and that of a bearish descending
triangle keep the pair in heavy trading mode; support around
1.1300, while a close below targets 1.1187; stays bearish on
closes below 1.1575
* 3rd resistance: 1.1527-30, June 28-Aug. 6 lows
* 2nd resistance: 1.1509-10, June 21-May 29 lows
* 1st resistance: 1.1429-33, Aug. 14-13 highs
* Spot: 1.1391
* 1st support: 1.1312, pivot s1
* 2nd support: 1.1301, Aug. 15 low
* 3rd support: 1.1187, 61.8% Fibonacci retracement of gains
since January 2017
GBP/USD -- trades heavy after closing below 61.8% Fibo support zone 1.2710$
* 3rd resistance: 1.2958-60, July 19 low-Aug. 8 high
* 2nd resistance: 1.2827-37, Aug. 14-10 highs
* 1st resistance: 1.2772, pivot r2
* Spot: 1.2726
* 1st support: 1.2686, session low
* 2nd support: 1.2662, Aug. 15 low
* 3rd support: 1.2589, June 21, 2017 low
USD/JPY -- Struggles to stay above the cloud; needs consecutive close below 55-DMA to ascertain bearish momentum;
* 3rd resistance: 111.64, base line
* 2nd resistance: 111.26, 21-DMA
* 1st resistance: 111.18, cloud top
* Spot: 110.90
* 1st support: 110.43, Aug. 15 low
* 2nd support: 110.11, Aug. 13 low
* 3rd support: 109.88, 38.2% Fibonacci retracement of gains
since March 26
AUD/USD -- -close below 0.7204 risk level will keep bearish bias intact
* 3rd resistance: 0.7369, 21-DMA
* 2nd resistance: 0.7328-34, conversion, base lines
* 1st resistance: 0.7300, Aug. 13 high
* Spot: 0.7272
* 1st support: 0.7219, session low
* 2nd support: 0.7203, Aug. 15 low
* 3rd support: 0.7107, last Fibonacci retracement of gains since
January 2016
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