HALISTER1: MAJOR TECHS: USD/JPY Bullish Momentum Fading; GBP Testing 55-DMA

MAJOR TECHS: USD/JPY Bullish Momentum Fading; GBP Testing 55-DMA

(Bloomberg) -- Daily levels for GBP and Asian currency pairs:
  • USD/JPY -- Bullish momentum studies fading; chart here
  • 3rd resistance: 114.87, Feb. 16 high
  • 2nd resistance: 114.45, March 10 high
  • 1st resistance: 113.90, Nov. 25 high
  • Spot: 112.89; pivot point: 112.88
  • 1st support: 112.62, 5-DMA
  • 2nd support: 111.32, 10-DMA
  • 3rd support: 106.41, 200-DMA
  • GBP/USD -- Capped below 55-DMA
  • 3rd resistance: 1.2771, Oct. 5 high
  • 2nd resistance: 1.2674, Nov. 11 high
  • 1st resistance: 1.2555, 55-DMA
  • Spot: 1.2468; pivot point: 1.2471
  • 1st support: 1.2429, 21-DMA
  • 2nd support: 1.2221, Nov. 2 low
  • 3rd support: 1.2090, Oct. 11 low
  • AUD/USD -- Consolidating below 200-DMA
  • 3rd resistance: 0.7540, 21-DMA
  • 2nd resistance: 0.7522, 200-DMA
  • 1st resistance: 0.7468, Nov. 25 high
  • Spot: 0.7439; pivot point: 0.7446
  • 1st support: 0.7415, 5-DMA
  • 2nd support: 0.7286, June 16 low
  • 3rd support: 0.7202, June 2 low
  • NZD/USD -- Consolidating around 200-DMA at 0.7038
  • 3rd resistance: 0.7187, 55-DMA
  • 2nd resistance: 0.7152, 21-DMA
  • 1st resistance: 0.7043, 10-DMA
  • Spot: 0.7040; pivot point: 0.7044
  • 1st support: 0.6957, July 25 low
  • 2nd support: 0.6952, July 21 low
  • 3rd support: 0.6801, June 3 low
  • USD/SGD -- Consolidating below 2016 high
  • 3rd resistance: 1.4527, 7-year high
  • 2nd resistance: 1.4500, psychological level
  • 1st resistance: 1.4444, Jan. 11 and YTD high
  • Spot: 1.4277; pivot point: 1.4279
  • 1st support: 1.4243, 10-DMA
  • 2nd support: 1.4089, 21-DMA
  • 3rd support: 1.3851, Nov. 9 low
  • USD/KRW -- Capped below November high
  • 3rd resistance: 1,217.15, March 9 high
  • 2nd resistance: 1,198.05, May 31 high
  • 1st resistance: 1,188.50, June 27 high
  • Spot: 1,177.43 (close on Nov. 25); pivot point: 1,178.68
  • 1st support: 1,176.78, 10-DMA
  • 2nd support: 1,160.53, 21-DMA
  • 3rd support: 1,133.15, 55-DMA
  • USD/MYR -- Approaching 2015 high
  • 3rd resistance: 4.8850, record high in 1998
  • 2nd resistance: 4.6100, Jan. 26, 1998 high
  • 1st resistance: 4.4800, Sept. 29, 2015 high
  • Spot: 4.4583 (close on Nov. 25); pivot point: 4.4597
  • 1st support: 4.4040, 10-DMA
  • 2nd support: 4.3045, 21-DMA
  • 3rd support: 4.2070, 55-DMA
  • NOTE: Mark Cranfield 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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