FOREX: Major Support and Resistance 26.02.2018

26.02.2018 / 17:30

Rating:

EUR/USD -- Consolidating within short-term downtrend
* 3rd resistance: 1.2412 Feb. 20 high
* 2nd resistance: 1.2394 Feb. 16 low
* 1st resistance: 1.2352/60 Feb. 22/21 highs
* Spot: 1.2320
* 1st support: 1.2280 Feb. 23 low
* 2nd support: 1.2260 Feb. 22 low
* 3rd support: 1.2235 Feb. 12 low

USD/JPY -- Consolidating gains after basing at 105.55
* 3rd resistance: 107.90 Feb. 14 high
* 2nd resistance: 107.78 Feb. 22 high
* 1st resistance: 107.28 Feb. 21 low
* Spot: 106.85
* 1st support: 106.40 Feb. 16 high
* 2nd support: 106.10 Feb. 19 low
* 3rd support: 105.55 wave base

GBP/USD -- Testing downtrend
* 3rd resistance: 1.4278 Feb. 1/2 highs
* 2nd resistance: 1.4145 Feb. 16 high
* 1st resistance: 1.4104 Feb. 15 high
* Spot: 1.4020
* 1st support: 1.3905 Feb. 21 low
* 2nd support: 1.3857 Feb. 22 low
* 3rd support: 1.3833 Feb. 13 low

AUD/USD -- Consolidating losses below 2nd upper standard-
deviation band
* 3rd resistance: 0.7967 Feb. 15 high
* 2nd resistance: 0.7934/35 Feb. 20/19 highs
* 1st resistance: 0.7901 2nd upper band
* Spot: 0.7845
* 1st support: 0.7804 Feb. 23 low
* 2nd support: 0.7791 Feb. 22 low
* 3rd support: 0.7759 Feb. 9 low

Source Bloomberg Pro Terminal

Trader Velizar Mitov

Varchev Traders

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FOREX: Major Support and Resistance 26.02.2018

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