EUR/USD -- Resuming upside after Tuesday bottoming process
at 200-hour MA (1.2356 on Wed.); month-end overshoot area seen
at 1.2573, the 100-week MA
* 3rd resistance: 1.2573, 100-week MA
* 2nd resistance: 1.2537, price high
* 1st resistance: 1.2494, price high
* Spot: 1.2445
* 1st support: 1.2397, daily pivot
* 2nd support: 1.2335, price low
* 3rd support: 1.2322, 13-DMA
GBP/USD -- Mean-reversion complete near 13-day MA support
at 1.3973; market resuming bullish campaign
* 3rd resistance: 1.4345, price high
* 2nd resistance: 1.4285, price high, pivot r2
* 1st resistance: 1.4259, 76.4% Fibonacci of latest pullback
* Spot: 1.4182
* 1st support: 1.4098, daily pivot
* 2nd support: 1.4029, pivot s1
* 3rd support: 1.3980, price low
USD/JPY -- Consolidates inside Friday’s large bearish
range; short-term risks keep pointing to deeper bear extension
toward 2017 trough at 108.09; risk line for near-term bears
trails down to 109.77
* 3rd resistance: 110.19, price low
* 2nd resistance: 109.75-77, price high, ichimoku conversion
line
* 1st resistance: 109.20, price high
* Spot: 108.70
* 1st support: 108.42, price low
* 2nd support: 108.09, a price low in 2017
* 3rd support: 108.02, pivot s2
AUD/USD -- Poised for new cycle highs after base being
carved at ichimoku conversion line (0.8047); looking for 8th
consecutive weekly gain
* 3rd resistance: 0.8234, a price high in 2015
* 2nd resistance: 0.8164, a price high in 2015
* 1st resistance: 0.8136, price high
* Spot: 0.8096
* 1st support: 0.8043, price low
* 2nd support: 0.8029, 13-DMA
* 3rd support: 0.8005, price low
Source Bloomberg Pro Terminal
Trader Velizar Mitov
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