FOREX GBP Consolidates Within Downtrend Toward 1.3400: Major Support and Resistance 14.05.2018

14.05.2018 / 17:27

Rating:

EUR/USD -- Holding above the 12-mo. avg closing price
* 3rd resistance: 1.2021 200-DMA
* 2nd resistance: 1.2009 May 3 high
* 1st resistance: 1.1996 May 4 high
* Spot: 1.1975
* 1st support: 1.1938 May 2 low
* 2nd support: 1.1891 May 11 low
* 3rd support: 1.1869 12-mo. avg closing price

GBP/USD -- Consolidates within downtrend
* 3rd resistance: 1.3666 May 2 high
* 2nd resistance: 1.3630 May 3 high
* 1st resistance: 1.3607/18 May 9/10 highs
* Spot: 1.3575
* 1st support: 1.3538 May 3 low
* 2nd support: 1.3499/1.3502 May 9/11 lows
* 3rd support: 1.2485 May 8 low

USD/JPY -- Sideways, no clear short-term direction
* 3rd resistance: 110.18 200-DMA
* 2nd resistance: 110.04 intermediate wave
* 1st resistance: 109.83 May 9 high
* Spot: 109.50
* 1st support: 109.15 May 11 low
* 2nd support: 109.00 May 9 low
* 3rd support: 108.83 May 8 low

AUD/USD -- Holding below its 12-mo. avg closing price
* 3rd resistance: 0.7606 April 25 high
* 2nd resistance: 0.7581 12-mo. avg closing price
* 1st resistance: 0.7567 May 11 high
* Spot: 0.7550
* 1st support: 0.7523 May 11 low
* 2nd support: 0.7492/93 May 4/7 lows
* 3rd support: 0.7473/76 May 1/2 lows

Source Bloomberg Pro Terminal

Trader Velizar Mitov

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FOREX GBP Consolidates Within Downtrend Toward 1.3400: Major Support and Resistance 14.05.2018

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