EUR/USD -- Comes a whisker away from printing highest level
since Jan. 2015; stays firmly bullish although any Friday close
below 1.2005 can signal top
* 3rd resistance: 1.2167, 50% retrace of 2014-2017 bear market
* 2nd resistance: 1.2108, Jan. 2 2015 high
* 1st resistance: 1.2089-92, Jan. 4 high, Sept. 8 high
* Spot: 1.2048
* 1st support: 1.2020, pivot s1
* 2nd support: 1.2005-01, Jan. 4, 3 low
* 3rd support: 1.1974-68, Dec. 29 mid open/close price,
conversion line
GBP/USD -- Thursday’s gains partly mitigates Wednesday’s
negative chart-pattern as markets re-shift focus back toward
2017 peak at 1.3657
* 3rd resistance: 1.3657, 2017 high
* 2nd resistance: 1.3613, Jan. 3 high
* 1st resistance: 1.3593, pivot r2
* Spot: 1.3529
* 1st support: 1.3506-1.3495, Jan. 4 low, Jan. 3 low
* 2nd support: 1.3478, Dec. 29 mid open/close price
* 3rd support: 1.3457-20, Dec. 28 high, ichimoku baseline
USD/JPY -- Blasting through ichimoku cloud top (112.79) to
shift focus on 113.35-48 area
* 3rd resistance: 113.75, Dec. 12 high
* 2nd resistance: 113.64, Dec. 21 high
* 1st resistance: 113.38, Dec. 27 high
* Spot: 113.21
* 1st support: 112.70-61, daily pivot, Jan. 3 high
* 2nd support: 112.48, Jan. 4 low
* 3rd support: 112.32, cloud base
AUD/USD -- Rally at overheated yet market extends pattern
of rising highs and lows; trend ‘exhaustion’ session counts
suggest greater risk for pullback; below 0.7805 can help
validate overbought setup
* 3rd resistance: 0.7908, Sept. 22 low
* 2nd resistance: 0.7897, Oct. 13 high
* 1st resistance: 0.7887, 61.8% Fibonacci of Sept./Dec. selloff
* Spot: 0.7846
* 1st support: 0.7815, Jan. 04 low
* 2nd support: 0.7805-0.7795, Jan. 3, 2 low
* 3rd support: 0.7775, 100-DMA
Source Bloomberg Pro Terminal
Trader Velizar Mitov
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