FOREX: GBP Mean Reversion Before Rates from BoE ; Major Support and Resistance 01.11.2018

01.11.2018 / 10:43

Rating:

EURUSD: Probably bear momentum will be increased after negative candle "Marubozo" formed on monthly
* 3rd resistance: 1,1421-- high from 26.10.2018
* 2nd resistance: 1,1404-- close from Friday session at 26.10.2018
* 1st resistance: 1.1373 -- open/close 25-26.10.2018
* Spot: 1.1356
* 1st support: 1,1326- low fromАвгуст 2018
* 2nd support: 1,1309-low fromАвгуст 2018
* 3rd support: 1,1279- high from June 2017г.

GBPUSD: Mean reversion from August lows at 1.27$
* 3rd resistance: 1.2963--open/close from 23.10.2018
* 2nd resistance: 1,2897--low from 09.10.2018
* 1st resistance: 1.2833--open/close from 26-29.10.2018
* Spot: 1.2766
* 1st support: 1,2702- low from Aug 2018г
* 2nd support: 1,2636-- low from june2017г
* 3rd support: 1,2572-- high from March2017г

USDJPY: Bulls targeting main resistance zone at 114-114.50.
* 3rd resistance: 113.85- resistance from Nov highs 2017г.
* 2nd resistance: 113.61--December highs 2018
* 1st resistance: 113.27-- December highs 2018
* Spot: 113.03
* 1st support: 112.69-- zone at 21-DMA
* 2nd support: 112.46--zone at 13-DMA
* 3rd support: 112.11-- zone at 55-DMA

AUD/USD: Bear faces resistance at 0.7050; focus is on 55-DMA ~0.72
* 3rd resistance: 0.7137-- open/close 16.10.2018
* 2nd resistance: 0,7122 --high 30.10.2018
* 1st resistance: 0.7098-- resistance from 21-DMA и 13-DMA
* Spot: 0.7083
* 1st support: 0.7059 -- pen/close 29-30.10.2018
* 2nd support: 0,7044- low 11.10.2018
* 3rd support: 0.7021- low 26.10.2018

Trader Velizar Mitov

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FOREX: GBP Mean Reversion Before Rates from BoE ; Major Support and Resistance 01.11.2018

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