EUR/USD -- Mid-week bearish key day reversal fails to
secure next day validation; Friday’s higher high keeps bull
theme still dominant
* 3rd resistance: 1.2370-84, price lows in 2014
* 2nd resistance: 1.2353, price high in 2014
* 1st resistance: 1.2323, price high
* Spot: 1.2283
* 1st support: 1.2223, daily pivot
* 2nd support: 1.2165, price low
* 3rd support: 1.2117, mid open/close price
GBP/USD -- Bullish Thursday session allays previous
concerns of a blow-off top; market again well placed for new
cycle highs, test at 1.4013 resistance; close below 1.3805 on
Friday required to revive reversal risks and bring tactical
bears to the fore
* 3rd resistance: 1.4013, price low in 2016
* 2nd resistance: 1.3979, pivot r2
* 1st resistance: 1.3936-42, pivot r1, price high
* Spot: 1.3900
* 1st support: 1.3871, daily pivot
* 2nd support: 1.3828, pivot s1
* 3rd support: 1.3805, price low
USD/JPY -- 110.15 Fibonacci support back into radar screen
after mid-week key day reversal higher lacked follow-through
bull action
* 3rd resistance: 111.75, 200-DMA
* 2nd resistance: 111.48, price high
* 1st resistance: 111.13, Asia high
* Spot: 110.50
* 1st support: 110.32, pivot s2
* 2nd support: 110.15, 61.8% Fibonacci of Sept./Nov. rise
* 3rd support: 109.95, 100-week MA
AUD/USD -- Finished Thurs. above 0.80 first time since
Sept. to restore receding bullish momentum; market testing
relationship with 233-week MA at 0.8030
* 3rd resistance: 0.8135, price high in 2017
* 2nd resistance: 0.8102, price high in 2017
* 1st resistance: 0.8048, pivot r2
* Spot: 0.8030
* 1st support: 0.7983, daily pivot
* 2nd support: 0.7942-37, price lows
* 3rd support: 0.7925-29, price high, mid-open/close price
Source Bloomberg Pro Terminal
Trader Velizar Mitov
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