EUR/USD -- Wednesday’s bearish reversal
against ichimoku cloud and 55-DMA can spur near-term
consolidation lower; only a move below 1.1690 reinstates the
negative outlook and until then dips may attract buying interest
* 3rd resistance: 1.1877, ichimoku cloud top
* 2nd resistance: 1.1861, Nov. 15 high
* 1st resistance: 1.1812, daily pivot
* Spot: 1.1781
* 1st support: 1.1741, 100-DMA
* 2nd support: 1.1717-08, ichimoku lines
* 3rd support: 1.1690, Nov. 3 high
GBP/USD -- Consolidates above 8-mo. trendline (~1.3115
today); bull case gains credibility on clean breakout above
1.3214-30
* 3rd resistance: 1.3255, 76.4% Fibonacci of Nov. 1-3 fall
* 2nd resistance: 1.3230-34, Nov. 10 high, 55-DMA
* 1st resistance: 1.3214, 38.2% Fibonacci of Nov. 1-3 fall
* Spot: 1.3195
* 1st support: 1.3131, Nov. 15 low
* 2nd support: 1.3062, Nov. 13 low
* 3rd support: 1.3040, Nov. 3 low
USD/JPY -- Exits ichimoku value-zone bearishly; failure to
re-claim baseline (113.17) at close would confirm bearish
transition in sentiment
* 3rd resistance: 113.91, Nov. 14 high
* 2nd resistance: 113.60-61, 21-DMA, ichimoku ’slow’ line
* 1st resistance: 113.50, Nov. 15 high
* Spot: 113.27
* 1st support: 112.48, Nov. 15 low
* 2nd support: 112.38, 76.4% Fibonacci of Oct. 16-Nov. 6 rally
* 3rd support: 112.28, 55-DMA
AUD/USD -- Languishing near 4-month low, July lows offering
some support at 0.7572; only a move above 0.7695 would stimulate
bulls
* 3rd resistance: 0.7650-54, Nov. 9, 10 low
* 2nd resistance: 0.7633, Nov. 15 high
* 1st resistance: 0.7610, Nov. 14 low
* Spot: 0.7595
* 1st support: 0.7572, July 7 low
* 2nd support: 0.7559, June 26 low
* 3rd support: 0.7535, June 22 low
Source: Bloomberg Pro Terminal
Trader: Velizar Mitov
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