FOREX: JPY Gains Within Bull Channel Back Toward 105.25;
Major Support and Resistance 12.03.2018

12.03.2018 / 16:57

Rating:

EUR/USD -- Sideways, no short-term direction
* 3rd resistance: 1.2420 March 6 high
* 2nd resistance: 1.2385 March 7 high
* 1st resistance: 1.2365 March 5 high
* Spot: 1.2305
* 1st support: 1.2273 March 1 high
* 2nd support: 1.2252 March 2 low
* 3rd support: 1.2222 Feb. 27 low

GBP/USD -- Trending lower within short-term bear channel
* 3rd resistance: 1.3997 Feb. 27 high
* 2nd resistance: 1.3930 March 6 high
* 1st resistance: 1.3910/12 March 8/7 highs
* Spot: 1.3885
* 1st support: 1.3817 March 6 low
* 2nd support: 1.3782/88 March 8/9 lows
* 3rd support: 1.3767 March 5 low

USD/JPY -- May extend losses to 105.25
* 3rd resistance: 107.53 Feb. 28 high
* 2nd resistance: 107.20 March 1 high
* 1st resistance: 107.05 March 9 high
* Spot: 106.50
* 1st support: 106.17 March 9 low
* 2nd support: 105.89 March 8 low
* 3rd support: 105.46 March 7 low

AUD/USD -- Higher, trending toward 1st upper band
* 3rd resistance: 0.7934/35 Feb. 20/19 highs
* 2nd resistance: 0.7901 1st upper band
* 1st resistance: 0.7893 Feb. 26 high
* Spot: 0.7865
* 1st support: 0.7842 March 6 high
* 2nd support: 0.7772/77 March 7/8/9 lows
* 3rd support: 0.7757 March 6 high

Source: Bloomberg Pro Terminal

Trader: Velizar Mitov

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.

Varchev Finance

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

FOREX: JPY Gains Within Bull Channel Back Toward 105.25;
Major Support and Resistance 12.03.2018

London

Universal numbers

FOREX: JPY Gains Within Bull Channel Back Toward 105.25; Major Support and Resistance 12.03.2018

London

Universal numbers

FOREX: JPY Gains Within Bull Channel Back Toward 105.25;
Major Support and Resistance 12.03.2018