FOREX: Major Support and Resistance 30.10.2017

30.10.2017 / 14:40

Rating:

EUR/USD -- Relief rally may face strong fading interest
toward 1.1670-83; stronger bear interest may reside on approach
of 1.1725
* 3rd resistance: 1.1725, Oct. 23 low
* 2nd resistance: 1.1683, 100-DMA
* 1st resistance: 1.1657, Oct. 27 high
* Spot: 1.1628
* 1st support: 1.1575, Oct. 27 low
* 2nd support: 1.1557, July 19 high
* 3rd support: 1.1531, pivot s2

GBP/USD -- Break below 100-DMA critical average line
(1.3067) seen as a viable prospect into week of BOE meeting, as
early week oversold bounce develops
* 3rd resistance: 1.3216, ichimoku cloud base
* 2nd resistance: 1.3199, 61.8% Fibonacci of Oct. 26-27 drop
* 1st resistance: 1.3162-66, Oct. 27 high, 55-DMA
* Spot: 1.3130
* 1st support: 1.3070-67, Oct. 27 low, 100-DMA
* 2nd support: 1.3027, Oct. 6 low
* 3rd support: 1.2995, Sept. 1 high

USD/JPY -- Realignment with ichimoku average zone
(113.29-112.96) may provide launchpad for fresh assault above
114.50 resistance
* 3rd resistance: 114.49, July 11 high
* 2nd resistance: 114.20, pivot r1
* 1st resistance: 113.92, daily pivot line
* Spot: 113.61
* 1st support: 113.34-25, Oct. 26, 24 low
* 2nd support: 113.15, Oct. 19 high
* 3rd support: 112.96-92, ichimoku baseline, 21-DMA

AUD/USD -- Oversold framework may provoke profit-take
activity, sparking near-term corrective bounce; below 0.7733
upholds bearish chart theme
* 3rd resistance: 0.7733, Oct. 6 low
* 2nd resistance: 0.7719, Oct. 26 high
* 1st resistance: 0.7695, 200-DMA
* Spot: 0.7678
* 1st support: 0.7660, daily pivot
* 2nd support: 0.7642, pivot s1
* 3rd support: 0.7625, Oct. 27 low

Source: Bloomberg Pro Terminal

Trader: Velizar Mitov

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FOREX: Major Support and Resistance 30.10.2017

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