FOREX: Major Support and Resistance2.1.2018

02.01.2018 / 16:59

Rating:

EUR/USD -- Rally capped below 2017 high
* 3rd resistance: 1.2108 Jan. 2, 2015, high
* 2nd resistance: 1.2092 Sept. 8 high
* 1st resistance: 1.2081 major Elliott wave
* Spot: 1.2050
* 1st support: 1.2000 psychological level
* 2nd support: 1.1959 Dec. 28 high
* 3rd support: 1.1937 Dec. 29 low

GBP/USD -- Higher toward 2nd upper band 1.3628
* 3rd resistance: 1.3668 2nd upper band
* 2nd resistance: 1.3596 Sept. 22 high
* 1st resistance: 1.3571 Sept. 25 high
* Spot: 1.3550
* 1st support: 1.3503 Jan. 1 low
* 2nd support: 1.3457 Dec. 28 high
* 3rd support: 1.3429 Dec. 29 low

USD/JPY -- Lower toward 112.05 100-DMA
* 3rd resistance: 113.38 Dec. 27 high
* 2nd resistance: 113.12/15 Dec. 26/27 lows
* 1st resistance: 112.97 Dec. 29 high
* Spot: 112.15
* 1st support: 111.67 200-DMA
* 2nd support: 111.41 Dec. 1 low
* 3rd support: 110.84 intermediate Elliott wave

AUD/USD -- Higher, testing 0.7810 1st upper band
* 3rd resistance: 0.7897 Oct. 13 high
* 2nd resistance: 0.7882/84 Oct. 20/19 highs
* 1st resistance: 0.7845 major Elliott wave
* Spot: 0.7820
* 1st support: 0.7789 Dec. 29 low
* 2nd support: 0.7777 100-DMA
* 3rd support: 0.7765 Dec. 28 low

Source Bloomberg Pro Terminal

Trader Velizar Mitov

Varchev Traders

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FOREX: Major Support and Resistance2.1.2018

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