EUR/USD -- Friday’s rerun of Oct. 12 price action bolsters
confidence on reversal setup against ichimoku ‘slow line’
(baseline)
* 3rd resistance: 1.1818, Oct. 20 mid open/close price
* 2nd resistance: 1.1802, daily pivot
* 1st resistance: 1.1784-88, 21-, 13-DMAs
* Spot: 1.1762
* 1st support: 1.1732-30, ichimoku cloud base, Oct. 18 low
* 2nd support: 1.1718, Oct. 9 low
* 3rd support: 1.1670, Oct. 6 low
GBP/USD -- Bearish chart setup remains in place; above 21-
DMA required to signal downside exhaustion below 55-DMA
* 3rd resistance: 1.3287, Oct. 17 high
* 2nd resistance: 1.3258, 21-DMA
* 1st resistance: 1.3229, Oct. 19 high
* Spot: 1.3200
* 1st support: 1.3160, daily pivot
* 2nd support: 1.3118, pivot s1
* 3rd support: 1.3088, Oct. 20 low
USD/JPY -- Abe win catalyzes advance to fresh 15-week high;
consolidation may form the basis of a fresh impulsive leg higher
to July peak at 114.49; weekend gap at 113.52 remains left open
* 3rd resistance: 114.49, July 11 high
* 2nd resistance: 114.25, pivot r2
* 1st resistance: 114.10, Asia high
* Spot: 113.83
* 1st support: 113.52-44, Friday close. Oct. 6 high
* 2nd support: 113.15, Oct. 19 high
* 3rd support: 113.03, Oct. 20 mid open/close price
AUD/USD -- Friday’s closing break below 0.7818 shifts
outlook lower; momentum framework in bearish mode
* 3rd resistance: 0.7884, Oct. 19 high
* 2nd resistance: 0.7847-49, Oct. 20 mid price, daily cloud base
* 1st resistance: 0.7835, 21-DMA
* Spot: 0.7819
* 1st support: 0.7796-87, 61.8% Fibonacci of Oct. rally, Oct. 12
low
* 2nd support: 0.7772, 76.4% Fibonacci of Oct. rally
* 3rd support: 0.7750, Oct. 10 low
Source: Bloomberg Pro Terminal
Trader: Velizar Mitov
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