FOREX: GBP Bulls Awaiting BREXIT/ EU Summit: Major Support and Resistance 17.10.2018

17.10.2018 / 13:15

Rating:

EURUSD: As a major resistance is price zone around 13-DMA at 1.1550, but while the price is below 55-DMA bears tone intact.
* 3rd resistance: 1,1662
* 2nd resistance: 1,1641
* 1st resistance: 1.1607
* Spot: 1.1586
* 1st support: 1,1552
* 2nd support: 1,1531
* 3rd support: 1,1497

GBPUSD: Bears finds resistance at 21- DMA ~ 1.31; Focus remains to Sept. highs at ~1.3300
* 3rd resistance: 1,3330
* 2nd resistance: 1,3282
* 1st resistance: 1.3232
* Spot: 1.3185
* 1st support: 1,3134
* 2nd support: 1,3087
* 3rd support: 1,3036

USDJPY: The focus still is at 100-DMA ~111.00
* 3rd resistance: 113.08
* 2nd resistance: 112,70
* 1st resistance: 112,48
* Spot: 112.10
* 1st support: 111,87
* 2nd support: 111,49
* 3rd support: 111.266

AUD/USD: While the price is below 21-DMA bears dictate rules and the price is targeting 2016 lows at ~ 0.68
* 3rd resistance: 0.7196
* 2nd resistance: 0,7173
* 1st resistance: 0.7157
* Spot: 0.7134
* 1st support: 0.7118
* 2nd support: 0,7095
* 3rd support: 0.7097

Trader Velizar Mitov

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FOREX: GBP Bulls Awaiting BREXIT/ EU Summit: Major Support and Resistance 17.10.2018

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