EUR/USD -- Takes out 1.1947, the 38.2% retracement of Dec.-
Jan. rally, which paves way to 1.1910-04 strong support zone;
market has recently failed to record 3-year high above 1.2092
* 3rd resistance: 1.2052, Jan. 8 high
* 2nd resistance: 1.2021, Jan. 5 low
* 1st resistance: 1.1997-1.2005, Jan. 8 mid open/close price;
Jan. 4 low
* Spot: 1.1937
* 1st support: 1.1931, pivot s2
* 2nd support: 1.1910-03, Dec. 27 high, 21-DMA
* 3rd support: 1.1888, Dec. 28 low
USD/JPY -- Pares more than 50% of Asia decline; any close
above 112.87 baseline should keep the near-term offensive tone
intact
* 3rd resistance: 113.75-81, Dec. 12 high, 76.4% Fibonacci
* 2nd resistance: 113.64, Dec. 21 high
* 1st resistance: 113.39, Jan. 8 high
* Spot: 112.96
* 1st support: 112.50-48, Asia low, Jan. 4 low
* 2nd support: 112.38, ichimoku cloud base
* 3rd support: 112.22, 100-DMA
GBP/USD -- Contained inside last Wednesday’s range for
fourth day; despite mixed performance, retains upside focus;
below 1.3495 required to question the very near-term bullish
trend
* 3rd resistance: 1.3657, 2017 high
* 2nd resistance: 1.3613, Jan. 3 high
* 1st resistance: 1.3586, Jan. 8 high
* Spot: 1.3559
* 1st support: 1.3506-1.3495, Jan. 4 low, Jan. 3 low
* 2nd support: 1.3478, Dec. 29 mid open/close price
* 3rd support: 1.3466, Dec. 14 high
AUD/USD -- Undergoing corrective pullback; 0.7787 Fibonacci
support may attract as sell momentum picks up
* 3rd resistance: 0.7897, Oct. 13 high
* 2nd resistance: 0.7887, 61.8% Fibonacci of Sept./Dec. selloff
* 1st resistance: 0.7868, pivot r1
* Spot: 0.7826
* 1st support: 0.7815, Jan. 04 low
* 2nd support: 0.7805-0.7795, Jan. 3, 2 low
* 3rd support: 0.7787-74, 23.6% Fibonacci, 100-DMA
Source: Bloomberg Pro Terminal
Trader Velizar Mitov
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