HALISTER1: MAJOR TECHS: USD/JPY Breaks 5-Month High; Kiwi Consolidates

MAJOR TECHS: USD/JPY Breaks 5-Month High; Kiwi Consolidates

(Bloomberg) -- Daily levels for GBP and Asian currency pairs:
  • USD/JPY -- Extending gains above 200-DMA resistance to 5- month high
  • 3rd resistance: 111.45, May 30 high
  • 2nd resistance: 109.14, June 3 high
  • 1st resistance: 108.52, 76.4% Fibo of May 30 to June 24 drop
  • Spot: 108.29; pivot point: 107.82
  • 1st support: 106.95, Nov. 10 high
  • 2nd support: 106.49, 200-DMA
  • 3rd support: 105.53, Oct. 28 high
  • GBP/USD -- Capped below 50-DMA
  • 3rd resistance: 1.2894, 100-DMA
  • 2nd resistance: 1.2882, Nov. 14 high
  • 1st resistance: 1.2637, 50-DMA
  • Spot: 1.2509; pivot point: 1.2518
  • 1st support: 1.2354, Nov. 9 low
  • 2nd support: 1.2332, Oct. 19 high
  • 3rd support: 1.2343, 21-DMA
  • AUD/USD -- Consolidating between 100- and 200-DMAs
  • 3rd resistance: 0.7835, April 21 high
  • 2nd resistance: 0.7778, Nov. 8 high
  • 1st resistance: 0.7594, 100-DMA
  • Spot: 0.7572; pivot point: 0.7546
  • 1st support: 0.7511, 200-DMA
  • 2nd support: 0.7442, Sept. 13 low
  • 3rd support: 0.7421, July 27 low
  • NZD/USD -- Consolidating drop below 100-DMA
  • 3rd resistance: 0.7403, Nov. 8 high
  • 2nd resistance: 0.7230, 50-DMA
  • 1st resistance: 0.7212, 100-DMA
  • Spot: 0.7132; pivot point: 0.7110
  • 1st support: 0.7069, Nov. 14 low
  • 2nd support: 0.7035, Oct. 13 low
  • 3rd support: 0.7021, 200-DMA
  • USD/KRW -- Rising toward June high
  • 3rd resistance: 1,198.05, May 31 high
  • 2nd resistance: 1,188.50, June 27 high
  • 1st resistance: 1,173.10, Nov. 14 high
  • Spot: 1,171.90 (close on Nov. 14); pivot point: 1,170.33
  • 1st support: 1,158.10, Nov. 10 high (breakaway gap)
  • 2nd support: 1,153.69, 200-DMA
  • 3rd support: 1,128.06, 100-DMA
  • USD/MYR -- Looking to close January gaps
  • 3rd resistance: 4.4285, Jan. 7 high
  • 2nd resistance: 4.4193, Jan. 18 high
  • 1st resistance: 4.3655, Jan. 21 low (breakaway gap)
  • Spot: 4.3305 (close on Nov. 14); pivot point: 4.3210
  • 1st support: 4.2242, Oct. 13 high
  • 2nd support: 4.1757, Nov. 3 low
  • 3rd support: 4.1598, 50-DMA
  • USD/SGD -- Rising toward February high
  • 3rd resistance: 1.4444, Jan. 11 and YTD high
  • 2nd resistance: 1.4336, Feb. 3 high
  • 1st resistance: 1.4180, Nov. 14 high
  • Spot: 1.4140 pivot point: 1.4151
  • 1st support: 1.3964, Oct. 27 high
  • 2nd support: 1.3923, Nov. 8 high
  • 3rd support: 1.3851, Nov. 9 low
  • USD/IDR -- Consolidating breach of 200-DMA resistance
  • 3rd resistance: 13,698, June 2 high
  • 2nd resistance: 13,589, June 3 low (breakaway gap)
  • 1st resistance: 13,545, Nov. 11 high
  • Spot: 13,365 (close on Nov. 14); pivot point: 13,340
  • 1st support: 13,240, 200-DMA
  • 2nd support: 13,188, Nov. 11 low
  • 3rd support: 13,121, 100-DMA
  • 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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