EUR/USD -- Making good progress toward 200-month MA at
1.2432 (see ECB chart preview here)
* 3rd resistance: 1.2422-32, monthly cloud top, 200-month MA
* 2nd resistance: 1.2370-85, price lows in 2014
* 1st resistance: 1.2359, pivot r2
* Spot: 1.2336
* 1st support: 1.2276, daily pivot
* 2nd support: 1.2223-14, price lows
* 3rd support: 1.2165, price low
GBP/USD -- Decisive break into 1.40+ area opens up early
2017 channel resistance at 1.4165
* 3rd resistance: 1.4268, 76.4% Fibonacci of 2016-2017 selloff
* 2nd resistance: 1.4203, pivot r3
* 1st resistance: 1.4165, top of rising channel from March 2017
* Spot: 1.4100
* 1st support: 1.3981, daily pivot
* 2nd support: 1.3935, pivot s1
* 3rd support: 1.3915, price low
USD/JPY -- Strong bearish momentum in place despite RSI
non-confirmation of new multi-month low; risk for deeper
pullback to 109.09-07 where value buyers could manifest
* 3rd resistance: 110.91, pivot r1
* 2nd resistance: 110.58-62, daily pivot, conversion line
* 1st resistance: 110.34, Asia high
* Spot: 109.49
* 1st support: 109.09-07, weekly cloud base, 76.4% Fibonacci
* 2nd support: 108.72, pivot s3
* 3rd support: 108.49, price high in 2017
AUD/USD -- Rallying to new year highs, raising risk of a
move toward Sept. 2017 peaks at 0.8102-25
* 3rd resistance: 0.8164, price high in 2015
* 2nd resistance: 0.8125, price high in 2017
* 1st resistance: 0.8102, price high in 2017
* Spot: 0.8072
* 1st support: 0.7994, Asia low
* 2nd support: 0.7957, price low
* 3rd support: 0.7942-37, price lows
Source: Bloomberg Pro Terminal
Trader Velizar Mitov
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