HALISTER1: MAJOR TECHS: USD/JPY Facing Tsunami Risk; GBP/USD Pivots 1.2500

MAJOR TECHS: USD/JPY Facing Tsunami Risk; GBP/USD Pivots 1.2500

(Bloomberg) -- Daily levels for GBP and Asian currency pairs:
  • USD/JPY -- Consolidating below November high
  • 3rd resistance: 113.69, March 28 high
  • 2nd resistance: 111.91, April 25 high
  • 1st resistance: 111.45, May 30 high
  • Spot: 110.70; pivot point: 110.88
  • 1st support: 110.34, 5-DMA
  • 2nd support: 108.85, 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: 1.2618, 55-DMA
  • Spot: 1.2498; pivot point: 1.2439
  • 1st support: 1.2382, 21-DMA
  • 2nd support: 1.2221, Nov. 2 low
  • 3rd support: 1.2090, Oct. 11 low
  • AUD/USD -- Momentum studies oversold
  • 3rd resistance: 0.7517, 200-DMA
  • 2nd resistance: 0.7487, 10-DMA
  • 1st resistance: 0.7393, 5-DMA
  • Spot: 0.7373; pivot point: 0.7354
  • 1st support: 0.7306, June 24 low
  • 2nd support: 0.7286, June 16 low
  • 3rd support: 0.7202, June 2 low
  • NZD/USD -- Pivoting around 200-DMA
  • 3rd resistance: 0.7213, 55-DMA
  • 2nd resistance: 0.7176, 21-DMA
  • 1st resistance: 0.7108, 10-DMA
  • Spot: 0.7077; pivot point: 0.7043
  • 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 November high
  • 3rd resistance: 1.4527, 7-year high
  • 2nd resistance: 1.4444, Jan. 11 and YTD high
  • 1st resistance: 1.4289, Nov. 18 high
  • Spot: 1.4230; pivot point: 1.4247
  • 1st support: 1.4161, 10-DMA
  • 2nd support: 1.4017, 21-DMA
  • 3rd support: 1.3851, Nov. 9 low
  • USD/KRW -- Approaching five-month 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: 1,186.63 (close on Nov. 21); pivot point: 1,184.61
  • 1st support: 1,165.52, 10-DMA
  • 2nd support: 1,152.46, 21-DMA
  • 3rd support: 1,128.58, 55-DMA
  • USD/MYR -- Approaching October 2015 high
  • 3rd resistance: 4.4800, Sept. 29, 2015 high
  • 2nd resistance: 4.4767, Sept. 30, 2015 high
  • 1st resistance: 4.4520, October 2015 high
  • Spot: 4.4198 (close on Nov. 21); pivot point: 4.4225
  • 1st support: 4.3525, Nov. 17 low
  • 2nd support: 4.3251, 10-DMA
  • 3rd support: 4.2520, 21-DMA
  • USD/IDR -- Consolidating below November high
  • 3rd resistance: 13,698, June 2 high
  • 2nd resistance: 13,589, June 3 low (breakaway gap)
  • 1st resistance: 13,545, Nov. 11 high
  • Spot: 13,423 (close on Nov. 21); pivot point: 13,432
  • 1st support: 13,294, 10-DMA
  • 2nd support: 13,228, 200-DMA
  • 3rd support: 13,163, 21-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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