FOREX: Major Support and Resistance 10.04.2017

04.10.2017 / 13:00

Rating:

EUR/USD -- Early gains in Asia session wane against 61.8%
Fibonacci level at 1.1780; pair may gravitate toward today’s
pivot line at 1.1738
* 3rd resistance: 1.1833, Sept. 29 high
* 2nd resistance: 1.1800, 76.4% Fibonacci of Sept. 29-Oct. 3
fall
* 1st resistance: 1.1780, Asia high, 61.8% Fibonacci of Sept.
29-Oct. 3 fall
* Spot: 1.1765
* 1st support: 1.1736, Asia low
* 2nd support: 1.1696, Oct. 3 low
* 3rd support: 1.1662, Aug. 17 low

USD/JPY -- Stays bullish although caution warranted as MACD
surges to familiar inflection zone; ichimoku ‘fast’ line should
be monitored for support at 112.37
* 3rd resistance: 113.97, July 12 high
* 2nd resistance: 113.58, July 14 high
* 1st resistance: 113.26, Sept. 27 high
* Spot: 112.55
* 1st support: 112.40-37, Oct. 2 low, ichimoku conversion line
* 2nd support: 112.22, Sept. 29 low
* 3rd support: 111.97, 200-DMA

GBP/USD -- Pullback phase reaches 50% line of Aug.-Sept.
rally (1.3216); market remains biased for weakness
* 3rd resistance: 1.3343, Sept. 28 low
* 2nd resistance: 1.3328, Oct. 2 mid open/close price
* 1st resistance: 1.3288, Oct. 3 high
* Spot: 1.3279
* 1st support: 1.3216, 50% retrace of Aug.-Sept. rally
* 2nd support: 1.3155, Sept. 14 low
* 3rd support: 1.3127, 55-DMA

AUD/USD -- Breaks a 9-day streak of falling highs as pair
attempts to bottom out against ichimoku cloud base and 100-DMA
(0.7800-0.7777)
* 3rd resistance: 0.7908, Sept. 22 low
* 2nd resistance: 0.7889, Sept. 27 high
* 1st resistance: 0.7873-75, pivot r2, Asia high
* Spot: 0.7852
* 1st support: 0.7830, Asia low
* 2nd support: 0.7820, daily pivot
* 3rd support: 0.7786, Oct. 3 low

Source: Bloomberg Pro Terminal

Trader: Velizar Mitov

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FOREX: Major Support and Resistance 10.04.2017

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