EUR/USD -- Attention turns to 1.2206 swing low and line-in-
the-sand for short-term bulls; below here would extend the
corrective cycle in terms of time and scope
* 3rd resistance: 1.2448, price low
* 2nd resistance: 1.2412-35, price highs
* 1st resistance: 1.2360-69, price high, price low
* Spot: 1.2310
* 1st support: 1.2260, price low
* 2nd support: 1.2235, price low
* 3rd support: 1.2206, price low
GBP/USD -- Requires positive close above 1.3989 to confirm
downside exhaustion; conversely, any bear extension to encounter
strong support at 1.3765-37
* 3rd resistance: 1.4050, price high
* 2nd resistance: 1.4035, 61.8% Fibonacci
* 1st resistance: 1.4009-11, price high, pivot r1
* Spot: 1.3970
* 1st support: 1.3857-55, price low, 76.4% Fibonacci
* 2nd support: 1.3800, price low
* 3rd support: 1.3765, price low
USD/JPY -- Upside fails at 13-day MA (107.54); 105.55 month
lows back in play
* 3rd resistance: 107.90-108.01, price high, 50% retracement
line
* 2nd resistance: 107.49, pivot r1
* 1st resistance: 107.26-28, mid open/close price. price low
* Spot: 106.80
* 1st support: 106.60, price low
* 2nd support: 106.45, 61.8% Fibonacci
* 3rd support: 106.10, price low
AUD/USD -- Likely to gravitate toward dual MA zone at
0.7779-74
* 3rd resistance: 0.7901, price high
* 2nd resistance: 0.7874, price low
* 1st resistance: 0.7860, price high
* Spot: 0.7818
* 1st support: 0.7791, price low
* 2nd support: 0.7779-74, 100-, 200-DMAs
* 3rd support: 0.7759, price low
Source Bloomberg Pro Terminal
Trader Velizar Mitov
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