EUR/USD -- Charts a bearish key day reversal against 100-
month MA but awaits validation on Monday to suggest market has
topped near-term; strong MA support at 1.2376-75
* 3rd resistance: 1.2555-70, price high, a price high in 2014
* 2nd resistance: 1.2509, pivot r1
* 1st resistance: 1.2452-56, pivot, mid candle body
* Spot: 1.2405
* 1st support: 1.2371, price high
* 2nd support: 1.2351-48, 200-hr MA, pivot s1
* 3rd support: 1.2276, price low
GBP/USD -- Stays cautiously bullish despite Friday’s
downside reversal; recent ascent above 1.4067 resistance
provides reasons to stay constructive near-term
* 3rd resistance: 1.4191-1.4208, mid price, 76.4% Fibonccci
(Jan. 25 fall)
* 2nd resistance: 1.4145-57, price high, 76.4% Fibonacci (Feb. 2
fall)
* 1st resistance: 1.4115, pivot r1
* Spot: 1.4006
* 1st support: 1.3967, pivot s1
* 2nd support: 1.3932-24, 61.8% Fibonacci, price high
* 3rd support: 1.3882, 76.4% Fibonacci
USD/JPY -- Last week’s confirmed breakdown below
107.32-106.52 (the 2017 low and 62% retracement line of
2016-2017 rally) places 100 handle on the medium-term road-map;
near-term oversold conditions may allow for a temporary reprieve
* 3rd resistance: 10780-90, 200-hr MA, price high
* 2nd resistance: 107.41-43, mid-body price, price low, 38.2%
Fibonacci
* 1st resistance: 107.02, price high
* Spot: 106.60
* 1st support: 106.05, daily pivot
* 2nd support: 105.71, pivot s1
* 3rd support: 105.55, price low
AUD/USD -- Charts a bearish reversion session on Friday
against 0.7958-92, which is comprised of the 21-day MA and 61.8%
Fibonacci of recent tumble
* 3rd resistance: 0.7992, 61.8% Fibonacci of Jan./Feb. slump
* 2nd resistance: 0.7964, pivot r1
* 1st resistance: 0.7954, 21-day MA
* Spot: 0.7922
* 1st support: 0.7892, price low
* 2nd support: 0.7877, price high
* 3rd support: 0.7834, pivot s2
Source Bloomberg Pro Terminal
Trader Velizar Mitov
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