EUR/USD -- Close above 1.1763 suggests a short-term bottom
is firmly in place; bulls need June 1 low to hold as to keep
cycle lows intact
* 3rd resistance: 1.1763, Bloomberg Trender Indicator
* 2nd resistance: 1.1758, 21-DMA
* 1st resistance: 1.1745, June 4 high
* Spot: 1.1686
* 1st support: 1.1670, conversion line
* 2nd support: 1.1641, May 31 low
* 3rd support: 1.1510-19, May 29-30 lows
GBP/USD -- Cable rebound falls short of testing 21-DMA,
which caps since April 19; near satisfaction of 1.31 double-top
target, completion of buy countdown, hammer and RSI
upside cross on the weekly, all make case for bullish bias
establishment; short-term target 1.3430-50 area
* 3rd resistance: 1.3451, May 15 low
* 2nd resistance: 1.3414, 21-DMA
* 1st resistance: 1.3399, June 4 high
* Spot: 1.3313
* 1st support: 1.3272, pivot s1
* 2nd support: 1.3254, June 1 low
* 3rd support: 1.3242, May 30 low
USD/JPY -- Bearish bias negation continues as 21-DMA gives
way; close above 110.27 suggests test of cycle highs possible;
55-weekly MA comes into play
* 3rd resistance: 110.92, May 23 high
* 2nd resistance: 110.32, 55-WMA
* 1st resistance: 110.12, 61.8% Fibonacci retracement of losses
since May 21
* Spot: 109.92
* 1st support: 109.12, conversion line
* 2nd support: 108.72, June 1 low
* 3rd support: 108.35, 55-DMA
EUR/JPY -- Weekly bullish harami opens room for 21-DMA
test, Fibonacci resistance in focus
* 3rd resistance: 129.53, May 16 low
* 2nd resistance: 129.08, 21-DMA
* 1st resistance: 128.78, 61.8% Fibonacci retracement of losses
since May 22
* Spot: 128.39
* 1st support: 127.56, June 4 low
* 2nd support: 127.13, June 1 low
* 3rd support: 126.75, conversion line
AUD/USD -- Completing Buy Countdown on the monthly
turned focus to 55-DMA; close above suggests upside risks
intact, tries to move within the cloud
* 3rd resistance: 0.7704, cloud top
* 2nd resistance: 0.7691, pivot r1
* 1st resistance: 0.7660-66, 61.8% Fibonacci retracement of drop
since April 19-June 4 high
* Spot: 0.7632
* 1st support: 0.7617, 55-DMA
* 2nd support: 0.7566, May 22 high
* 3rd support: 0.7544, 21-DMA
Source: Bloomberg Pro Terminal
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