EUR/USD -- Friday’s bullish reversal negated by Monday’s
bearish turn against 100-, 21-DMA’s (1.1802-13); offer tone
prevails
* 3rd resistance: 1.1877, Dec. 5 high
* 2nd resistance: 1.1848, Dec. 6 high
* 1st resistance: 1.1815-23, Dec. 7 high, 21-DMA, ichimoku cloud
top
* Spot: 1.1782
* 1st support: 1.1757, Dec. 11 low
* 2nd support: 1,1730, Dec. 8 low
* 3rd support: 1.1713-09, Nov. 21 low, 61.8% Fibonacci
GBP/USD -- Finding stability for second day along the 21-
DMA at 1.3340; market continues to consolidate into Dec.
following strong November month
* 3rd resistance: 1.3520, Dec. 8 high
* 2nd resistance: 1.3468, pivot r2
* 1st resistance: 1.3432, Dec. 8 mid open/close price
* Spot: 1.3374
* 1st support: 1.3331-20, Dec. 11, Dec. 7 low
* 2nd support: 1.3299, 76.4% Fibonacci of Nov. 28- Dec. 1 rise
after
* 3rd support: 1.3256, 55-DMA
USD/JPY -- Back-to-back closing prices above daily cloud
top shows buying commitment and keeps offensive tone into Wedne
* 3rd resistance: 114.34, Nov. 7 high
* 2nd resistance: 114.07, Nov. 9 high
* 1st resistance: 113.81-91, 76.4% Fibonacci of Nov. 6- 27 drop,
Nov. 14 high
* Spot: 113.43
* 1st support: 113.08, Dec. 8 low
* 2nd support: 112.69, Dec. 7 mid open/close price
* 3rd support: 112.54, ichimoku conversion line
AUD/USD -- Extending rebound from Friday’s new 6-mo. low;
market closed previous week below 100-WMA (0.7561) which signals
limited recovery rally
* 3rd resistance: 0.7601, ichimoku baseline
* 2nd resistance: 0.7596, 61.8% Fibonacci of Dec. 5- 8 fall
* 1st resistance: 0.7570-78, Dec. 7 high, ichimoku conversion
line
* Spot: 0.7567
* 1st support: 0.7519, Asia low
* 2nd support: 0.7502, Dec. 8 low
* 3rd support: 0.7484, pivot s2
Source Bloomberg Pro Terminal
Trader Velizar Mitov
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