FOREX: USDJPY closed the week in "cloud ichimoto"; Major Supports and Resistance 20.05.2019

20.05.2019 / 12:15

Rating:

ЕURUSD:We monitor daily closure for eventual bottom formation around the 1.1600 area
* 3rd resistance:1.1200- daily pivot resistance
* 2nd resistance:1.1190 - daily pivot resistance
* 1st resistance: 1.1170- daily pivot resistance
* Spot: 1.1200
* 1st support: 1.1170- daily pivot support
* 2nd support: 1.1150 - daily pivot support
* 3rd support: 1.1130 - daily pivot support

GBPUSD: Bears again dictate the rules while the price is below 200-DMA; the focus is on zone 1.27
* 3rd resistance: 1.2850- daily pivot resistance
* 2nd resistance: 1.2820- daily pivot resistance
* 1st resistance: 1.2770- daily pivot resistance
* Spot: 1.2740
* 1st support: 1.2690- daily pivot support
* 2nd support: 1.2660 -daily pivot support
* 3rd support: 1.2610- daily pivot support

USDJPY: The price was supported by the lower limit of the weekly "Ichimoku cloud" at 109.50.
* 3rd resistance: 110.90 - daily pivot resistance
* 2nd resistance: 110.50 daily pivot resistance
* 1st resistance: 110.20 - daily pivot resistance
* Spot: 109.80
* 1st support: 109.60 - daily pivot support
* 2nd support: 109.20 - daily pivot support
* 3rd support: 108.90 - daily pivot support

АUD/USD: Probable correction and attempt to form a bottom around the 0.6900 area
* 3rd resistance: 0.6910- daily pivot resistance
* 2nd resistance: 0.6900- daily pivot resistance
* 1st resistance: 0.6880- daily pivot resistance
* Spot: 0.6870
* 1st support: 0.6850 - daily pivot support
* 2nd support: 0.6840- daily pivot support
* 3rd support: 0.6820 - daily pivot support

Trader Velizar Mitov

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FOREX: USDJPY closed the week in "cloud ichimoto"; Major Supports and Resistance 20.05.2019

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