FOREX: Major Support and Resistance 14.11.2017

EUR/USD -- Re-claims head-and-shoulders neckline (~1.1680)
which raises short-squeeze risks; overall stays negative while
below 1.1880 (right-shoulder)
* 3rd resistance: 1.1770, 76.4% Fibonacci of Oct. 26 drop
* 2nd resistance: 1.1753-56, Oct. 25 low, 61.8% Fibonacci of
Oct. 12 fall
* 1st resistance: 1.1729-32, 61.8% Fibonacci of Oct. 26 drop,
100-DMA
* Spot: 1.1705
* 1st support: 1.1662-60, Asia low, pivot
* 2nd support: 1.1623, Nov. 10 low
* 3rd support: 1.1611, Nov. 8 high

USD/JPY -- Base accumulation noted against ichimoku
baseline at 113.19 with market now probing conversion line at
113.91; close above 114.07 required to negate downside risks
* 3rd resistance: 114.73, Nov. 6 high
* 2nd resistance: 114.34, Nov. 7 high
* 1st resistance: 114.07, Nov. 9 high
* Spot: 113.87
* 1st support: 113.53, daily pivot
* 2nd support: 113.25-22, Nov. 13, 10 lows
* 3rd support: 113.09, Nov. 9 low

GBP/USD -- Monday’s dip below 8-mo. trendline (~1.3103
today) fails to sustain on closing basis; while bulls may cheer,
chart profile reads bearish and market appears to have topped
near-term against 55-DMA, cloud (1.3214-24)
* 3rd resistance: 1.3204, Nov. 13 high
* 2nd resistance: 1.3167, 21-DMA
* 1st resistance: 1.3127-28, daily pivot, Asia high
* Spot: 1.3092
* 1st support: 1.3062-59, Nov. 13, 6 low
* 2nd support: 1.3040, Nov. 3 low
* 3rd support: 1.3027, Oct. 6 low

EUR/JPY -- Confirmation of close above 133.15 would suggest
market has bottomed out in early November
* 3rd resistance: 134.50, Oct. 25 high
* 2nd resistance: 133.76, Oct. 25 low
* 1st resistance: 133.32, 61.8% Fibonacci of Oct./Nov. fall
* Spot: 133.31
* 1st support: 132.49, Asia low
* 2nd support: 131.93, Nov. 13 low
* 3rd support: 131.52-40, Nov. 9, 8 low

AUD/USD -- Bears able to shatter 0.7633 Fibonacci support
after multiple previous failed attempts; next Fibonacci point-
of-attraction at 0.7572
* 3rd resistance: 0.7695-99, Nov. 10 high, 200-DMA
* 2nd resistance: 0.7672, Nov. 13 high
* 1st resistance: 0.7650-54, Nov. 9, 10 low
* Spot: 0.7620
* 1st support: 0.7587, July 10 low
* 2nd support: 0.7571, July 5 low
* 3rd support: 0.7559, June 26 low

Source: Bloomberg Pro Terminal

Trader: Velizar Mitov

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