FOREX: USDJPY Focus on Resistance at 21-DMA: Major Support and Resistance 22.10.2018

22.10.2018 / 11:46

Rating:

EURUSD:Bears tone intact while price is under 21-DMA; The focus is at lo 1.13
* 3rd resistance: 1,1651
* 2nd resistance: 1,1592
* 1st resistance: 1.1550
* Spot: 1.1491
* 1st support: 1,1448
* 2nd support: 1,1389
* 3rd support: 1,1340

GBPUSD: Undone BREXIT deal supports bearish scenario; Weekly bar close below 1.3079 (23.6% Fibo retracment of downtrend movement started on 15.04.2018) possible test of Aug lows.
* 3rd resistance: 1,3199
* 2nd resistance: 1,3151
* 1st resistance: 1.3107- 21-DMA zone.
* Spot: 1.3059
* 1st support: 1,3014- Friday 19.10.2018 lows
* 2nd support: 1,2966- 55-DMA zone
* 3rd support: 1,2922- lowest level on 04.10.2018

USDJPY:Market stays in range between 21-DMA and 55-DMA
* 3rd resistance: 113.25
* 2nd resistance: 112.94- 21-DMA zone
* 1st resistance: 112.74
* Spot: 112.43
* 1st support: 112.24
* 2nd support: 111.93 - 55-DMA zone
* 3rd support: 111.73- lowest levels at 15.10.2018

AUD/USD: While price is below 21-DMA bears bias stays and focus is on lowest levels from 2016 at ~ 0.68
* 3rd resistance: 0.7209- 55-DMA zone
* 2nd resistance: 0,7179
* 1st resistance: 0.7148 21-DMA zone
* Spot: 0.7118
* 1st support: 0.7087 -lowest Friday levels 19.10.2018
* 2nd support: 0,7057- lowest leves from 04.10.2018
* 3rd support: 0.7027

Trader Velizar Mitov

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FOREX: USDJPY Focus on Resistance at 21-DMA: Major Support and Resistance 22.10.2018

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