FOREX: Major Support and Resistance 11.10.2017

EUR/USD -- Risks skewed bullishly despite reaching
potential roadblock at 1.1832-39 area, which captures the
converging 21-, and 55-DMA; above here may derail early
September bears
* 3rd resistance: 1.1894, ichimoku cloud top
* 2nd resistance: 1.1881, ichimoku baseline
* 1st resistance: 1.1862-66, Sept. 26 high, Sept. 21 low
* Spot: 1.1839
* 1st support: 1.1791-88, daily pivot, Oct. 4 high
* 2nd support: 1.1756, Oct. 9 high
* 3rd support: 1.1739, Oct. 10 low

USD/JPY -- Retains defensive posture despite rebound from
112.00 support
* 3rd resistance: 113.44, Sept. 27 high
* 2nd resistance: 113.10, 76.4% Fibonacci of Oct. 6-10 fall
* 1st resistance: 112.83, Oct. 10 high
* Spot: 112.27
* 1st support: 112.00, 23.6% retrace of Sept./Oct. rally
* 2nd support: 111.85, 200-DMA
* 3rd support: 111.50-48, Sept. 26, 25 lows

GBP/USD -- First back to back gains since mid-September;
has traced out bottom against 100-DMA support (1.3023)
* 3rd resistance: 1.3268, 61.8% Fibonacci of Sept. 20-Oct. 6
drop
* 2nd resistance: 1.3250, Oct. 5 high
* 1st resistance: 1.3226, Oct. 10 high
* Spot: 1.3207
* 1st support: 1.3184, Oct. 9 high
* 2nd support: 1.3147, pivot s1
* 3rd support: 1.3131-21, Oct. 10 low, Oct. 6 high

AUD/USD -- Holds today’s pivot at 0.7775 where buyers
stepped in during European session
* 3rd resistance: 0.7875, Oct. 4 high
* 2nd resistance: 0.7841, 76.4% Fibonacci of Oct. 4-6 fall
* 1st resistance: 0.7821-30, 61.8% Fibonacci, Oct. 5 mid price,
13-day EMA
* Spot: 0.7792
* 1st support: 0.7748, Oct. 9 low
* 2nd support: 0.7733, Oct. 6 low
* 3rd support: 0.7712, June 30 high

Source: Bloomberg Pro Terminal

Trader: Velizar Mitov

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