FOREX: Euro Eyes 1.1763-69 Resistance, Pound Turns Bullish;Major Support and Resistance 06.04.2018

04.06.2018 / 15:58

Rating:

EUR/USD -- Close above 1.1763 suggests a short-term bottom
is firmly in place; bulls need June 1 low to hold as to keep
cycle lows intact
* 3rd resistance: 1.1763-69, Bloomberg Trender Indicator, 21-DMA
* 2nd resistance: 1.1750, May 24 high
* 1st resistance: 1.1718-24, June 1-May 31 highs
* Spot: 1.1693
* 1st support: 1.1670, conversion line
* 2nd support: 1.1641, May 31 low
* 3rd support: 1.1510-19, May 29-30 lows

GBP/USD -- Cable extends rebound; near satisfaction of 1.31
double-top target, hammer
and RSI upside cross on the weekly, all make case for bullish
bias establishment; short-term target 1.3430 area
* 3rd resistance: 1.3451, May 15 low
* 2nd resistance: 1.3423-28, Trender Indicator, 21-DMA
* 1st resistance: 1.3389, May 25 high
* Spot: 1.3370
* 1st support: 1.3324, conversion line
* 2nd support: 1.3254, June 1 low
* 3rd support: 1.3242, May 30 low

USD/JPY -- Friday’s biggest gains since April negate
bearish bias; 21-DMA resistance pivotal for short-term sentiment
before 55-weekly MA comes into play
* 3rd resistance: 110.32, 55-WMA
* 2nd resistance: 110.12, 61.8% Fibonacci retracement of losses
since May 21
* 1st resistance: 109.74-76, 21-DMA, base line
* Spot: 109.68
* 1st support: 108.72, June 1 low
* 2nd support: 108.35-39, May 30-31 lows
* 3rd support: 108.28, 55-DMA

AUD/USD - Buy Countdown on the monthly
turns focus to 55-DMA pivotal resistance, currently at 0.7617
* 3rd resistance: 0.7669, cloud bottom
* 2nd resistance: 0.7660, 61.8% Fibonacci retracement of drop
since April 19
* 1st resistance: 0.7643, March 29 low
* Spot: 0.7620
* 1st support: 0.7566, May 22 high
* 2nd support: 0.7537, 21-DMA
* 3rd support: 0.7476, May 30 low

Източник Bloomberg Pro Terminal

Trader Velizar Mitov

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FOREX: Euro Eyes 1.1763-69 Resistance, Pound Turns Bullish;Major Support and Resistance 06.04.2018

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