EUR/USD -- Keeps defensive posture despite Wednesday’s
intraday recovery; 21-DMA eyed at 1.1682; stronger support
at 1.1613-08 where value buyers may step-in
* 3rd resistance: 1.1910, Aug. 2 high
* 2nd resistance: 1.1831, Aug. 3 low
* 1st resistance: 1.1764, daily pivot
* Spot: 1.1717
* 1st support: 1.1689-82, Aug. 9 low, 21-DMA
* 2nd support: 1.1671, July 28 low
* 3rd support: 1.1650, July 27 low
GBP/USD -- Room to extend corrective pullback to 1.2933-25
region, which includes the 55-DMA
* 3rd resistance: 1.3089, Aug. 4 mid open/close price
* 2nd resistance: 1.3054-60, Aug. 8, 7 high, 21-DMA
* 1st resistance: 1.3028, Aug. 9 high
* Spot: 1.2997
* 1st support: 1.2953, Aug. 8 low
* 2nd support: 1.2933-25, July 20 low, 55-DMA
* 3rd support: 1.2907, July 12 high
USD/JPY -- Bulls contain damage on Wednesday by pushing
market back above 109.85 support (last week’s low); level
back under attack
* 3rd resistance: 110.83, Aug. 8 high
* 2nd resistance: 110.54, ichimoku conversion line
* 1st resistance: 110.36, Aug. 9 high
* Spot: 109.85
* 1st support: 109.56, Aug. 9 low
* 2nd support: 109.27, June 15 low
* 3rd support: 108.83, June 14 low
AUD/USD -- Cuts through important lows seen late July at
0.7878-75, providing further bear impetus
* 3rd resistance: 0.7980-93, Aug. 4, 2 high
* 2nd resistance: 0.7949, Aug. 7 high
* 1st resistance: 0.7915, Aug. 9 high
* Spot: 0.7879
* 1st support: 0.7838, July 17 high
* 2nd support: 0.7818, 50% retrace of July rise
* 3rd support: 0.7786, July 18 low
Bloomberg Pro Terminal
Trader Velizar Mitov
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