EUR/USD -- Maintains bullish chart setup; next macro level
to monitor at 1.2167, the mid-point of 2014-2017 bear cycle
* 3rd resistance: 1.2070, Aug. 29 high
* 2nd resistance: 1.2167, 50% retracement of 2014-2017 bear
market
* 1st resistance: 1.2092, Sept. 8 high
* Spot: 1.2015
* 1st support: 1.1984-80, Aug. 30, Sept. 1 high
* 2nd support: 1.1950, Sept. 6 high
* 3rd support: 1.1933, 13-DMA
USD/JPY -- Relief rally may prove short-lived and may fade
ahead of ichimoku average lines (108.99-109.13); bigger picture
story takes a bearish turn after weekly cloud support finally
cracks (see medium-term analysis here)
* 3rd resistance: 109.88, 76.4% Fibonacci of Aug. 31-Sept. 8
fall
* 2nd resistance: 109.40, Sept. 6 high
* 1st resistance: 108.99-109.13, ichimoku average lines
* Spot: 108.44
* 1st support: 108.09, Asia low
* 2nd support: 107.88-85, daily pivot, Monday gap top
* 3rd support: 107.32, Sept. 8 low
GBP/USD -- Maintains bullish trend posture and well place
to tackle the August and ytd peak at 1.3267
* 3rd resistance: 1.3267, Aug. 3 high
* 2nd resistance: 1.3251, pivot r1
* 1st resistance: 1.3224, Sept. 8 high
* Spot: 1.3190
* 1st support: 1.3151, Sept. 8 mid open/close price
* 2nd support: 1.3121-16, pivot s1, Sept. 7 high
* 3rd support: 1.3094, Sept. 8 low
AUD/USD -- Retains short-term positive trend stance despite
sharp pullback from 0.81+ levels
* 3rd resistance: 0.8177, 233-WMA
* 2nd resistance: 0.8164, May 2015 high
* 1st resistance: 0.8125, Sept. 8 high
* Spot: 0.8045
* 1st support: 0.8021, Sept. 6 high
* 2nd support: 0.7998, ichimoku conversion line
* 3rd support: 0.7975, Sept. 7 low
Bloomberg Pro Terminal
Trader Velizar Mitov
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