EUR/USD -- Bull dealt with fresh blow after Tuesday’s
closing break below daily ichimoku baseline support (1.1758),
first time since September 25
* 3rd resistance: 1.1848, Dec. 6 high
* 2nd resistance: 1.1815-23, Dec. 7 high, 21-DMA, ichimoku cloud
top
* 1st resistance: 1.1793-1.1803, Dec. 12 high, 100-DMA
* Spot: 1.1747
* 1st support: 1.1713-09, Nov. 21 low, 61.8% Fibonacci
* 2nd support: 1.1690, Nov. 3 low
* 3rd support: 1.1678, Nov. 10 high
USD/JPY -- Holds upside bias into Wednesday’s FOMC event
risk; seeks a 113.81 bullish breakout and extension to 114.07;
support being discovered near 113.09, representing the point-of-
breakout in early Dec.
* 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: 113.34
* 1st support: 113.08, Dec. 8 low
* 2nd support: 112.87, Dec. 5 high
* 3rd support: 112.69, Dec. 7 mid open/close price
GBP/USD -- Tuesday’s break below 21-DMA (1.3346) exposes
lower value area at 1.3255-54
* 3rd resistance: 1.3432, Dec. 8 mid open/close price
* 2nd resistance: 1.3410, pivot r2
* 1st resistance: 1.3380, Dec. 12 high
* Spot: 1.3330
* 1st support: 1.3299, 76.4% Fibonacci of Nov. 28- Dec. 1 rise
after
* 2nd support: 1.3255-54, 55-DMA, cloud base
* 3rd support: 1.3221, Nov. 28 low
AUD/USD -- Rebound momentum runs its course against 21-DMA
(0.7577); stronger layer of resistance at 0.7596-99
* 3rd resistance: 0.7618, 76.4% Fibonacci of Dec. 5
* 2nd resistance: 0.7596-99, 61.8% Fibonacci of Dec. 5; ichimoku
baseline
* 1st resistance: 0.7586, pivot r1
* Spot: 0.7567
* 1st support: 0.7552-45, daily pivot, Dec. 11 high
* 2nd support: 0.7519, Dec. 12 low
* 3rd support: 0.7502, Dec. 8 low
Source Bloomberg Pro Terminal
Trader Velizar Mitov
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