EUR/USD -- Closed Monday below 61.8% of Fibo retracement
since Nov. 7 low and its 233-DMA for the first time in a year as
bearish signals accumulate; pair stays bearish in the short-term
on closes below 1.2052;
* 3rd resistance: 1.2070-90, January breakout area
* 2nd resistance: 1.2019, 200-DMA
* 1st resistance: 1.1978, May 7 high
* Spot: 1.1915
* 1st support: 1.1898, May 7 low
* 2nd support: 1.1831, 55-weekly MA
* 3rd support: 1.1708, 38.2% Fibonacci retracement of gains
since January 2017
GBP/USD -- Bearish momentum strengthens as 21-DMA crosses
below the falling 55-DMA and year-long trendline turns to
resistance; double-top ~1.3100 target; a close above 1.3712
risks short squeeze
* 3rd resistance: 1.3712-13, neckline, April 30 low
* 2nd resistance: 1.3666, May 2 high
* 1st resistance: 1.3630, May 3 high
* Spot: 1.3590
* 1st support: 1.3544, 200-DMA
* 2nd support: 1.3458, 233-DMA
* 3rd support: 1.3408, 38.2% Fibonacci retracement of rally
since October 2016 flash crash
USD/JPY -- 200-DMA resistance eyed; bullish above 108.37 close;
* 3rd resistance: 110.20, 200-DMA
* 2nd resistance: 110.04, May 2 high
* 1st resistance: 109.40, May 7 high
* Spot: 109.06
* 1st support: 108.75, 23.6% Fibonacci retracement of gains
since March 26
* 2nd support: 108.37, 21-DMA
* 3rd support: 107.89, cloud top
AUD/USD -- Relief rebound loses momentum, year-to-date lows
back on radar
* 3rd resistance: 0.7632, 21-DMA
* 2nd resistance: 0.7603, 38.2% Fibonacci retracement of losses
since April 19
* 1st resistance: 0.7561, May 4 high
* Spot: 0.7502
* 1st support: 0.7486, May 3 low
* 2nd support: 0.7473-76, May 1-2 lows
* 3rd support: 0.7373, June 2017 low
Source Bloomberg Pro Terminal
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