EUR/USD -- Holds a mild bearish tone after closing break
below 21-DMA; strong support at 1.1613-08
* 3rd resistance: 1.1893, Aug. 3 high
* 2nd resistance: 1.1847, Aug. 11 high
* 1st resistance: 1.1790, Aug. 17 high
* Spot: 1.1745
* 1st support: 1.1662, Aug. 17 low
* 2nd support: 1.1651-50, July 27 low, ichimoku baseline
* 3rd support: 1.1613-08, July 26 low, 38.2% Fibonacci of
June/Aug. rally
GBP/USD -- Attempting to form base against 1.2848 Fibonacci
support
* 3rd resistance: 1.2970, Aug. 15 high
* 2nd resistance: 1.2931-40, 55-DMA, Aug. 11 low
* 1st resistance: 1.2909, Aug. 17 high
* Spot: 1.2895
* 1st support: 1.2848-42, 61.8% Fibonacci, Aug. 16 low
* 2nd support: 1.2794, June 28 low
* 3rd support: 1.2760, June 26 high
AUD/USD -- Thursdays’s bearish reversal against 21-DMA
(0.7925) is not necessarily bearish, so long as market regains
level Friday; bulls stay in control
* 3rd resistance: 0.8043, Aug. 1 high
* 2nd resistance: 0.7980-93, Aug. 4, 2 high
* 1st resistance: 0.7963, Aug. 17 high
* Spot: 0.7923
* 1st support: 0.7870, Asia low
* 2nd support: 0.7856, pivot s1
* 3rd support: 0.7818-08, 50% retracement of July advance, Aug.
15 low
USD/JPY -- Approaches important lows (108.83/74) formed in
mid-June and earlier in August; area also captures weekly cloud
top; breakdown below may escalate global risk-aversion
* 3rd resistance: 110.03, Aug. 16 low
* 2nd resistance: 109.85, ichimoku conversion line
* 1st resistance: 109.59, Asia high
* Spot: 109.14
* 1st support: 108.84-74, weekly cloud, Aug. 11, June 14 lows
* 2nd support: 108.32, April 18 low
* 3rd support: 108.13, April 17 low
Bloomberg Pro Terminal
Trader Velizar Mirtov
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