FOREX: Support and Resistance 14.02.2018

14.02.2018 / 16:11

Rating:

EUR/USD -- Returns to mean prices (21-day MA at 1.2333);
closing break above here required to inspire more upside
movement
* 3rd resistance: 1.2434, price high
* 2nd resistance: 1.2401-06, 61.8% Fibonacci, price high
* 1st resistance: 1.2364, 13-day MA
* Spot: 1.2351
* 1st support: 1.2275, daily pivot
* 2nd support: 1.2235, price low
* 3rd support: 1.2206, price low

GBP/USD -- Remains contained inside Friday’s range with
break on either side required to bolster directional momentum;
pattern of lower daily highs and down-slanting 13-day EMA
(1.3936) provides a bearish backdrop into Wed. session
* 3rd resistance: 1.3987-1.4003, price high, 21-day MA
* 2nd resistance: 1.3951, 61.8% Fibonacci of Feb. 8-9 fall
* 1st resistance: 1.3935, 200-hr MA
* Spot: 1.3872
* 1st support: 1.3843-33, pivot s1, price low
* 2nd support: 1.3796-93, price low, pivot s1
* 3rd support: 1.3765, price low

USD/JPY -- Reaches price levels last seen in 2016,
breaching 2017 trough and key support at 107.32; closing break
or intraday reversal are the key chart themes to watch as Wed.
session progresses that will define bias into late week
* 3rd resistance: 108.78, price high
* 2nd resistance: 108.24-44, mid candle body price, price low
* 1st resistance: 108.05, price low
* Spot: 107.45
* 1st support: 106.84, Asia session low
* 2nd support: 106.63, pivot s2
* 3rd support: 106.52, 61.8% Fibonacci of 2016 rally

AUD/USD -- Bulls put in good distance between spot and the
200-DMA support tested last week (0.7863) although smaller
candle bodies appearing against the 13-day EMA line are
worrisome developments and suggests up-move was corrective
* 3rd resistance: 0.7954-61, price high, 21-day MA
* 2nd resistance: 0.7910, price high
* 1st resistance: 0.7895, 13-day EMA
* Spot: 0.7864
* 1st support: 0.7828, price low
* 2nd support: 0.7815, 55-day MA,
* 3rd support: 0.7799, price low

Source: Bloomberg Pro Terminal

Trader: Velizar Mitov

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FOREX: Support and Resistance 14.02.2018

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