EUR/USD -- Reaches 1.1904 Fibonacci before fading strength
during Wednesday; scope to re-test and breakout for 1.1961 next
objective
* 3rd resistance: 1.1961, Nov. 27 high
* 2nd resistance: 1.1940, Dec. 1 high
* 1st resistance: 1.1904, 76.4% Fibonacci of Nov. 27-Dec. 12 low
* Spot: 1.1882
* 1st support: 1.1849, Dec. 19 high
* 2nd support: 1.1829-23, Dec. 20 low, cloud top
* 3rd support: 1.1810, ichimoku conversion line
GBP/USD -- Ichimoku support at 1.3341-38 may contain
downside and serve as springboard for higher levels; base
accumulation at 1.33 offers secondary support
* 3rd resistance: 1.3520, Dec. 8 high
* 2nd resistance: 1.3466, Dec. 14 high
* 1st resistance: 1.3420, Dec. 20 high
* Spot: 1.3382
* 1st support: 1.3341-38, ichimoku baseline, cloud top
* 2nd support: 1.3304-1.3299, Dec. 12 low, 76.4% Fibonacci
* 3rd support: 1.3266, 55-DMA
USD/JPY -- Trading north of ichimoku cloud (113.40);
requires further boost past 113.81 to reinstate broader up-move
from Sept.
* 3rd resistance: 114.34, Nov. 7 high
* 2nd resistance: 114.07, Nov. 9 high
* 1st resistance: 113.81, 76.4% Fibonacci of Nov. selloff
* Spot: 113.50
* 1st support: 113.08, Dec. 19 high
* 2nd support: 112.84, Dec. 20 low
* 3rd support: 112.51, Dec. 19 low
AUD/USD -- Overlapping sessions and multiple doji
candlesticks against 55-, 200-DMA (0.7669-73) reflects loss of
momentum behind the early Dec. rebound; confirmation of near-
term top to arise on a closing break below 0.7628
* 3rd resistance: 0.7730, Nov. 2 high
* 2nd resistance: 0.7701, Nov. 7 high
* 1st resistance: 0.7693-95, 200-DMA, Dec. 15 high
* Spot: 0.7662
* 1st support: 0.7646, Dec. 19 low
* 2nd support: 0.7628, Dec. 14 low
* 3rd support: 0.7601-0.7598, 21-DMA, Dec. 13 mid open/close
price
Source Bloomberg Pro Terminal
Trader Velizar Mitov
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