FOREX: Major Support and Resistance 22.12.2017

22.12.2017 / 16:38

Rating:

EUR/USD -- Retraces 50% (1.1817) of 1.1834-1.1902 rally
before buying interest kicks back in; offensive conditions
prevail near-term
* 3rd resistance: 1.1961, Nov. 27 high
* 2nd resistance: 1.1940, Dec. 1 high
* 1st resistance: 1.1904, 76.4% Fibonacci of Nov. 27-Dec. 12 low
* Spot: 1.1848
* 1st support: 1.1810, ichimoku conversion line
* 2nd support: 1.1800, 61.8% Fibonacci of rally off Dec. 18 low
* 3rd support: 1.1769, 55-DMA

GBP/USD -- ’Hammers’ out a near-term bottom at the upper
end of ichimoku cloud (1.3332) following Thursday’s bullish
reversal
* 3rd resistance: 1.3520, Dec. 8 high
* 2nd resistance: 1.3466, Dec. 14 high
* 1st resistance: 1.3420, Dec. 20 high
* Spot: 1.3394
* 1st support: 1.3342-32, Dec. 21 low, ichimoku cloud top
* 2nd support: 1.3304-1.3299, Dec. 12 low, 76.4% Fibonacci
* 3rd support: 1.3262, 55-DMA

USD/JPY -- Trading north of ichimoku cloud (113.40);
requires further boost past 113.81 to reinstate broader up-move
from Sept.
* 3rd resistance: 114.34, Nov. 7 high
* 2nd resistance: 114.07, Nov. 9 high
* 1st resistance: 113.81, 76.4% Fibonacci of Nov. selloff
* Spot: 113.38
* 1st support: 113.08, Dec. 19 high
* 2nd support: 112.84, Dec. 20 low
* 3rd support: 112.51, Dec. 19 low

AUD/USD -- Breaks 200-DMA resistance to set up move to
0.7784 (100-DMA); strong interim resistance at 0.7730-33 may
attract sellers
* 3rd resistance: 0.7784, 100-DMA
* 2nd resistance: 0.7771, Oct. 24 low
* 1st resistance: 0.7730-33, Nov. 2 high, Oct. 6 low
* Spot: 0.7714
* 1st support: 0.7684-80, Dec. 20, 19 high
* 2nd support: 0.7669, 55-DMA
* 3rd support: 0.7654, Dec. 21 low

Източник Bloomberg Pro Terminal

Trader: Velizar Mitov

Varchev Traders

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FOREX: Major Support and Resistance 22.12.2017

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