FOREX: USDJPY faces monthly resistance ; Major Support and Resistance 18.06.2018

18.06.2018 / 10:45

Rating:

EUR/USD --bears control till price is below 21-DMA
* 3rd resistance: 1.1753, base line
* 2nd resistance: 1.1699-1.1707, 21-DMA resistance, midpoint of
Thursday’s range
* 1st resistance: 1.1627, June 15 high
* Spot: 1.1593
* 1st support: 1.1543, June 15 low
* 2nd support: 1.1510, May 29 low
* 3rd support: 1.1448, midpoint of euro’s rally since January
2017

GBP/USD -- still bearish while price is below 21-DMA
* 3rd resistance: 1.3447, June 14 high
* 2nd resistance: 1.3346, 21-DMA
* 1st resistance: 1.3308, June 13 low
* Spot: 1.3271
* 1st support: 1.3212, June 15 low
* 2nd support: 1.3187, pivot s3
* 3rd support: 1.3109, midpoint of gains since October 2016
flash crash

USD/JPY -- Retains bullish bias; move above 112.05 risks extended losses for the yen
* 3rd resistance: 111.50, last Fibonacci retracement of losses
since Jan. 8
* 2nd resistance: 111.40, May 21 high
* 1st resistance: 110.90, June 15 high
* Spot: 110.48
* 1st support: 110.30, session low
* 2nd support: 110.05, conversion line
* 3rd support: 109.89-92, 21-DMA, June 14 low

AUD/USD -- bearish while price is below 55-DMA and 0.7660 (61.8% Fibo retracement )
* 3rd resistance: 0.7594, 55-DMA
* 2nd resistance: 0.7576, 21-DMA
* 1st resistance: 0.7530, June 13 low
* Spot: 0.7451
* 1st support: 0.7426, session low
* 2nd support: 0.7412, May 9 low
* 3rd support: 0.7403, pivot s3

Trader Velizar Mitov

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FOREX: USDJPY faces monthly resistance ; Major Support and Resistance 18.06.2018

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