FOREX: USDJPY Tests Trendline Resistance; Major Support and Resistance 21.06.2018г.

21.06.2018 / 14:46

Rating:

EUR/USD -- Bearish reversal keeps 21-DMA test out of sight; trendline support since early January 2017
looks fragile
* 3rd resistance: 1.1674, 21-DMA
* 2nd resistance: 1.1645, June 19 high
* 1st resistance: 1.1600, June 20 high
* Spot: 1.1556
* 1st support: 1.1531, June 19 low
* 2nd support: 1.1510, May 29 low
* 3rd support: 1.1445, pivot s3

GBP/USD -- Trades heavy, retains bearish momentum with 21-DMA
* 3rd resistance: 1.3311, 21-DMA
* 2nd resistance: 1.3273, June 19 high
* 1st resistance: 1.3216, June 20 high
* Spot: 1.3139
* 1st support: 1.3109, midpoint of gains since October 2016
flash crash
* 2nd support: 1.3062, Nov. 13 low
* 3rd support: 1.3042, pivot s3

USD/JPY -- Retains bullish bias yet strong resistance
ahead;; weekly ‘hanging man’ in the
making urges caution for bulls
* 3rd resistance: 111.40, May 21 high
* 2nd resistance: 110.85-90, 61.8% Fibonacci retracement of
losses since Nov. 6- June 15 high
* 1st resistance: 110.82, pivot r2
* Spot: 110.68
* 1st support: 110.33, session low
* 2nd support: 109.85, 21-DMA
* 3rd support: 109.25, 55-DMA

AUD/USD --upside risks remain on short squeeze; still, the clear break of 0.7412 May low risks
extended losses
* 3rd resistance: 0.7447-48, May 16-15 lows
* 2nd resistance: 0.7412-14, May 9-June 18 lows
* 1st resistance: 0.7409, June 20 high
* Spot: 0.7354
* 1st support: 0.7347, June 19 low
* 2nd support: 0.7327, 61.8% Fibonacci retracement of gains
since early 2016
* 3rd support: 0.7297, pivot s3

Trader Velizar Mitov

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FOREX: USDJPY Tests Trendline Resistance; Major Support and Resistance 21.06.2018г.

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