EUR/USD -- Thursday’s bearish reversal against long-term
resistance lines will require bearish confirmation on Friday to
suggest near-term peak is in
* 3rd resistance: 1.2573, 100-week MA
* 2nd resistance: 1.2537, price high
* 1st resistance: 1.2501, pivot r1
* Spot: 1.2457
* 1st support: 1.2364-54, price low, mid open/close price
* 2nd support: 1.2323-06, price highs
* 3rd support: 1.2293, price low
GBP/USD -- Late Thurs. reversal does little to alter the
near-term bullish picture; market continues to print rising
troughs, with Friday marking the 11th consecutive higher daily
low; next key test seen at the 200-week MA at 1.4400, last
tested in 2015
* 3rd resistance: 1.4400, 200-week MA
* 2nd resistance: 1.4345, price high
* 1st resistance: 1.4297, pivot r1
* Spot: 1.4260
* 1st support: 1.4083, price low
* 2nd support: 1.4035-27, pivot s1, price high
* 3rd support: 1.3997, price low
USD/JPY -- Unless market builds on Thursday’s small gain,
short-term risks keep pointing to deeper bear extension toward
2017 trough at 108.09
* 3rd resistance: 110.34-37, price high, dual Fibonacci lines
* 2nd resistance: 110.19, price low
* 1st resistance: 109.99, ichimoku conversion line
* Spot: 109.14
* 1st support: 108.71, pivot s1
* 2nd support: 108.50, price low
* 3rd support: 108.09, a price low in 2017
AUD/USD -- Main topside focus on 2017 peak at 0.8125 where
sellers were active late Asia session on Thursday
* 3rd resistance: 0.8234, a price high in 2015
* 2nd resistance: 0.8164, a price high in 2015
* 1st resistance: 0.8119-25, price high, price high in 2017
* Spot: 0.8083
* 1st support: 0.7994, price low
* 2nd support: 0.7957, price low
* 3rd support: 0.7942, price low
Source Bloomberg Pro Terminal
Trader Velizar Mitov
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