HALISTER1: MAJOR TECHS: USD/JPY Breaches 200-DMA; USD/SGD at 9-Month High

MAJOR TECHS: USD/JPY Breaches 200-DMA; USD/SGD at 9-Month High

(Bloomberg) -- Daily levels for GBP and Asian currency pairs:
  • USD/JPY -- Consolidating breach of 200-DMA resistance
  • 3rd resistance: 108.52, 76.4% Fibo of May 30 to June 24 drop
  • 2nd resistance: 107.90, June 7 high
  • 1st resistance: 107.49, July 21 high
  • Spot: 106.87; pivot point: 106.25
  • 1st support: 105.53, Oct. 28 high
  • 2nd support: 103.13, 50-DMA
  • 3rd support: 102.91, 100-DMA
  • GBP/USD -- Capped below 50-DMA
  • 3rd resistance: 1.2671, 50-DMA
  • 2nd resistance: 1.2623, Oct. 7 high
  • 1st resistance: 1.2585, Nov. 10 high
  • Spot: 1.2543; pivot point: 1.2506
  • 1st support: 1.2354, Nov. 9 low
  • 2nd support: 1.2310, 21-DMA
  • 3rd support: 1.2083, Oct. 15 low
  • AUD/USD -- Testing 100-DMA support
  • 3rd resistance: 0.7849, May 2015 high
  • 2nd resistance: 0.7835, April 21 high
  • 1st resistance: 0.7778, Nov. 8 high
  • Spot: 0.7612; pivot point: 0.7641
  • 1st support: 0.7591, 100-DMA
  • 2nd support: 0.7558, Oct. 28 low
  • 3rd support: 0.7506, 200-DMA
  • NZD/USD -- Pivoting around 100-DMA
  • 3rd resistance: 0.7486, Sept. 7 high
  • 2nd resistance: 0.7403, Nov. 8 high
  • 1st resistance: 0.7241, 50-DMA
  • Spot: 0.7219; pivot point: 0.7232
  • 1st support: 0.7177, Nov. 10 low
  • 2nd support: 0.7108, Oct. 27 low
  • 3rd support: 0.7035, Oct. 13 low
  • USD/KRW -- Consolidating near 200-DMA
  • 3rd resistance: 1,169.13, July 6 high
  • 2nd resistance: 1,158.10, Nov. 10 high
  • 1st resistance: 1,154.04, 200-DMA
  • Spot: 1,149.78 (close on Nov. 10); pivot point: 1,151.36
  • 1st support: 1,128.05, 100-DMA
  • 2nd support: 1,121.92, 50-DMA
  • 3rd support: 1,118.80, Oct. 20 low
  • USD/MYR -- Looking to close January gaps
  • 3rd resistance: 4.3880, Jan. 21 low (breakaway gap)
  • 2nd resistance: 4.2911, 76.4% Fibo retracement of 2016 range
  • 1st resistance: 4.2808, Jan. 26 low (breakaway gap)
  • Spot: 4.2725 (close on Nov. 10); pivot point: 4.2492
  • 1st support: 4.2242, Oct. 13 high
  • 2nd support: 4.1757, Nov. 3 low
  • 3rd support: 4.1494, 50-DMA
  • USD/SGD -- Testing February high
  • 3rd resistance: 1.4444,Jan. 11 and YTD high
  • 2nd resistance: 1.4336, Feb. 3 high
  • 1st resistance: 1.4119, Feb. 29 high
  • Spot: 1.4113 pivot point: 1.4069
  • 1st support: 1.3964, Oct. 27 high
  • 2nd support: 1.3923, Nov. 8 high
  • 3rd support: 1.3851, Nov. 9 low
  • USD/IDR -- Holding below 200-DMA resistance
  • 3rd resistance: 13,245, 200-DMA
  • 2nd resistance: 13,243, Sept. 14 high
  • 1st resistance: 13,188, Nov. 9 high
  • Spot: 13,138 (close on Nov. 10); pivot point: 13,128
  • 1st support: 13,055, Nov. 9 low
  • 2nd support: 12,980, Oct. 20 low
  • 3rd support: 12,955, Oct. 10 low
  • NOTE: Andrew Robinson is an FX strategist who writes for First Word. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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