FOREX: Major Support and Resistance 3.10.2017

03.10.2017 / 14:23

Rating:

EUR/USD -- Vulnerable to further selloff toward 1.1662
support; market capped by 55-DMA resistance at 1.1826
* 3rd resistance: 1.1833, Sept. 29 high
* 2nd resistance: 1.1773, Sept. 29 low
* 1st resistance: 1.1761, daily pivot line
* Spot: 1.1744
* 1st support: 1.1696, Asia low
* 2nd support: 1.1662, Aug. 17 low
* 3rd support: 1.1613, July 26 low

GBP/USD -- Pullback phase reaches near to 50% line of Aug.-
Sept. rally (1.3216) presenting bulls with attractive valuation
levels
* 3rd resistance: 1.3402, Oct. 2 high
* 2nd resistance: 1.3343, Sept. 28 low
* 1st resistance: 1.3312, daily pivot line
* Spot: 1.3269
* 1st support: 1.3216, 50% retrace of Aug.-Sept. rally
* 2nd support: 1.3155, Sept. 14 low
* 3rd support: 1.3123, 55-DMA

USD/JPY -- Stays bullish although caution warranted as MACD
surges to familiar inflection zone
* 3rd resistance: 113.97, July 12 high
* 2nd resistance: 113.58, July 14 high
* 1st resistance: 113.26, Sept. 27 high
* Spot: 113.04
* 1st support: 112.40, Oct. 2 low
* 2nd support: 112.22, Sept. 29 low
* 3rd support: 111.99, 200-DMA

AUD/USD -- Downside exhaustion signs emerge as pair tests
the lower cloud and 100-DMA as it records a ’12’ candle session
score, which alerts to near-term reversal risks
* 3rd resistance: 0.7908, Sept. 22 low
* 2nd resistance: 0.7889, Sept. 27 high
* 1st resistance: 0.7860, Sept. 28 high
* Spot: 0.7813
* 1st support: 0.7786, Asia low
* 2nd support: 0.7772, 100-DMA
* 3rd support: 0.7750, March 21 high

Source: Bloomberg Pro Terminal

Trader: Velizar Mitov

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FOREX: Major Support and Resistance 3.10.2017

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