EUR/USD -- Topside risks have crept back in; bulls seek
breakout above 1.1847 resistance to clear path for 1.19+
* 3rd resistance: 1.1893, Aug. 3 high
* 2nd resistance: 1.1847, Aug. 11 high
* 1st resistance: 1.1828, Aug. 21 high
* Spot: 1.1793
* 1st support: 1.1740-31, Aug. 23, 21 low
* 2nd support: 1.1708, Aug 18 low
* 3rd support: 1.1662, Aug. 17 low
GBP/USD -- Sustained break below 1.2812 support opens up
1.2749 Fibonacci line; this is the last defense line that guards
the June trough at 1.2589
* 3rd resistance: 1.2885, 100-DMA
* 2nd resistance: 1.2850-62, Aug. 21 low, daily cloud base, Aug.
22 mid price
* 1st resistance: 1.2834, Aug. 23 high
* Spot: 1.2783
* 1st support: 1.2760, June 26 high
* 2nd support: 1.2749, 76.4% Fibonacci of June/August rally
* 3rd support: 1.2717, June 27 low
USD/JPY -- Convincing reversal against ichimoku conversion
line (109.77) puts bears back on the driving seat
* 3rd resistance: 110.37, Aug. 17 high
* 2nd resistance: 110.03-05, Aug. 16 low, 38.2% Fibonacci
* 1st resistance: 109.83, Aug. 23 high
* Spot: 109.32
* 1st support: 108.85, Asia low
* 2nd support: 108.60, Aug. 18 low
* 3rd support: 108.13, April 17 low
AUD/USD -- Bulls losing grip of upside as key support lines
get challenged (0.7870-67); close below here to see transition
in power to bears
* 3rd resistance: 0.7963, Aug. 17 high
* 2nd resistance: 0.7937, pivot r2
* 1st resistance: 0.7916, Asia high
* Spot: 0.7877
* 1st support: 0.7867, 61.8% Fibonacci of Aug. 15/17 rise
* 2nd support: 0.7845, 76.4% Fibonacci of Aug. 15/17 rise
* 3rd support: 0.7818-08, 50% retracement of July advance, Aug.
15 low
Bloomberg Pro Terminal
Trader Velizar Mitov
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