FOREX: GBP closes below 1.3085 pivot point: Major Support and Resistance 28.06.2018

28.06.2018 / 11:11

Rating:

EUR/USD -- sideways trading ahead, with 1.15-1.18 range in sight;
* 3rd resistance: 1.1727, June 8 low
* 2nd resistance: 1.1672, 21-DMA
* 1st resistance: 1.1615, conversion line
* Spot: 1.1554
* 1st support: 1.1541, June 27 low
* 2nd support: 1.1509-10, June 21-May 29 lows (double-bottom?)
* 3rd support: 1.1457, pivot s2

USD/JPY -- Pair stays above the cloud as to keep bulls
afloat with 55-DMA also providing a helping hand;
* 3rd resistance: 110.85-90, 61.8% Fibonacci retracement of
losses since Nov. 6-June 15 high
* 2nd resistance: 110.76, June 21 high
* 1st resistance: 110.49, June 27 high
* Spot: 110.29
* 1st support: 109.74, cloud top
* 2nd support: 109.52, 55-DMA
* 3rd support: 109.20, June 8 low

GBP/USD --bearish bias as long as 21-DMA resistance holds on a
closing bias;
* 3rd resistance: 1.3288, 21-DMA
* 2nd resistance: 1.3193, June 26 low
* 1st resistance: 1.3102-09, June 21 low-midpoint of gains since
October 2016 flash crash
* Spot: 1.3082
* 1st support: 1.3024, pivot s2
* 2nd support: 1.2810, 61.8% Fibonacci retracement of the post-
crash move
* 3rd support: 1.2774, Aug. 24 low

AUD/USD -- Tweezer top on the daily weighs, resistance
~0.7450 still caps;
* 3rd resistance: 0.7447-48, May 16-15 lows
* 2nd resistance: 0.7444, June 22-25 highs
* 1st resistance: 0.7423, June 26 high
* Spot: 0.7350
* 1st support: 0.7324-27, June 27 low-61.8% Fibonacci
retracement of gains since early 2016
* 2nd support: 0.7273, Jan. 5 2017 low
* 3rd support: 0.7191, pivot s3

Trader Velizar Mitov

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FOREX: GBP closes below 1.3085 pivot point: Major Support and Resistance 28.06.2018

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