FOREX: Euro and Dollar Test Ichimoku Cloud Tops Versus Yen: Major Support and Resistance 25.04.2018

EUR/USD -- Drop below 1.2215 completes lower highs, lower
lows pattern since late March; lower end of trend channel since
Feb. 16 comes ~1.2040; pivotal 1.2070-90 area may come into play
should 1.2155 support fail to hold
* 3rd resistance: 1.2422-15, March 28 high, trendline since Feb.
16
* 2nd resistance: 1.2306-23, 21-, 55-DMAs
* 1st resistance: 1.2293, April 23 high
* Spot: 1.2215
* 1st support: 1.2155, March 1 low
* 2nd support: 1.2070-90, breakout area
* 3rd support: 1.2032, 23.6% Fibonacci retracement of gains
since Jan. 2017

GBP/USD -- Bearish trend persists on consecutive closes
below 55-DMA;
* 3rd resistance: 1.4102, 21-DMA
* 2nd resistance: 1.4031, April 23 high
* 1st resistance: 1.4010, 55-DMA
* Spot: 1.3970
* 1st support: 1.3918, April 24 low
* 2nd support: 1.3890, March 16 low
* 3rd support: 1.3854, 78.6% Fibonacci retracement of gains
since March 1

USD/JPY -- Tests cloud top, hasn’t been above since early
January;
* 3rd resistance: 109.65, midpoint of losses since Nov. 6
* 2nd resistance: 109.51, pivot r2
* 1st resistance: 109.21, Ichimoku upper cloud
* Spot: 109.03
* 1st support: 108.54, April 24 low
* 2nd support: 108.18, midpoint of Monday’s gains
* 3rd support: 107.78, April 13 high

EUR/JPY -- Medium-term bullish signs accumulate as 21-DMA
crosses 55-DMA higher; close above 133.30 may spark further
buying interest as price action would extend above the cloud
* 3rd resistance: 134.23, 61.8% Fibonacci retracement of drop
since Feb. 2
* 2nd resistance: 133.94, pivot r2
* 1st resistance: 133.43-49, cloud top-April 24 high
* Spot: 133.17
* 1st support: 132.76, conversion line
* 2nd support: 132.62, April 24 low
* 3rd support: 131.93, 21-DMA

AUD/USD -- Fresh year-to-date low; bearish engulfing line
on the weekly as BBDXY rallies;
* 3rd resistance: 0.7700, 21-DMA
* 2nd resistance: 0.7683, April 23 high
* 1st resistance: 0.7621, April 24 high
* Spot: 0.7571
* 1st support: 0.7560, pivot s2
* 2nd support: 0.7502, Dec. 8 low
* 3rd support: 0.7373, June 2017 low

Source: Bloomberg Pro Terminal

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