HALISTER1: MAJOR TECHS: USD/JPY Bullish Momentum Overextended Above 113.00

MAJOR TECHS: USD/JPY Bullish Momentum Overextended Above 113.00

(Bloomberg) -- Daily levels for GBP and Asian currency pairs:
  • USD/JPY -- Momentum studies at extreme levels; chart here
  • 3rd resistance: 114.87, Feb. 16 high
  • 2nd resistance: 114.45, March 10 high
  • 1st resistance: 113.69, March 28 high
  • Spot: 113.24; pivot point: 113.08
  • 1st support: 112.21, 5-DMA
  • 2nd support: 110.88, 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: 1.2570, 55-DMA
  • Spot: 1.2452; pivot point: 1.2449
  • 1st support: 1.2414, 21-DMA
  • 2nd support: 1.2221, Nov. 2 low
  • 3rd support: 1.2090, Oct. 11 low
  • AUD/USD -- Consolidating below 10-DMA
  • 3rd resistance: 0.7546, 21-DMA
  • 2nd resistance: 0.7521, 200-DMA
  • 1st resistance: 0.7431, 10-DMA
  • Spot: 0.7411; pivot point: 0.7397
  • 1st support: 0.7306, June 24 low
  • 2nd support: 0.7286, June 16 low
  • 3rd support: 0.7202, June 2 low
  • NZD/USD -- Consolidating around 200-DMA
  • 3rd resistance: 0.7192, 55-DMA
  • 2nd resistance: 0.7156, 21-DMA
  • 1st resistance: 0.7047, 10-DMA
  • Spot: 0.7006; pivot point: 0.6995
  • 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: 1.4321; pivot point: 1.4326
  • 1st support: 1.4235, 10-DMA
  • 2nd support: 1.4075, 21-DMA
  • 3rd support: 1.3851, Nov. 9 low
  • USD/KRW -- Pivoting around 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: 1,180.30 (close on Nov. 24); pivot point: 1,181.32
  • 1st support: 1,175.40, 10-DMA
  • 2nd support: 1,158.84, 21-DMA
  • 3rd support: 1,131.84, 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: 4.4602 (close on Nov. 24); pivot point: 4.4557
  • 1st support: 4.3876, 10-DMA
  • 2nd support: 4.2914, 21-DMA
  • 3rd support: 4.2001, 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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