FOREX: USDJPY With breakout of 55-DMA; Major Support and Resistance 11.12.2018

11.12.2018 / 12:04

Rating:

EURUSD: Bull momentum stops at 55-DMA,; while price is above 21-DMA price targeting ~1.15 zone;

* 3rd resistance:1.1500 - zone 1оо -DMA

* 2nd resistance:1.1420 - zone 55-DMA

* 1st resistance: 1.1415 - daily pivot resistance

* Spot: 1.1380

* 1st support: 1.1350 - zone 13-DMA & 21- DMA

* 2nd support: 1.1280 - close/open 27-28.11.2018

* 3rd support: 1.1210 - close/open 12-13.11.2018

GBPUSD:Bear impulse sends pair to it lowest levels for 2018г.; next target is ~ 1.20
* 3rd resistance: 1.2920-zone 55-DMA
* 2nd resistance: 1.2860 - daily pivot resistance
* 1st resistance: 1.2700- previous bottom of 2018
* Spot: 1.2600
* 1st support: 1.2450 - daily pivot support
* 2nd support: 1.2300 -78.6% Fibo retracement of upside move from 10.2016- 04.2018
* 3rd support: 1.2200 - daily pivot support

USDJPY: Mean reversion from Ichimoku cloud and close above 55-DMA; price confirmed local bottom at 112.00;
* 3rd resistance: 114.83 - daily pivot resistance
* 2nd resistance: 114.00 - daily pivot resistance
* 1st resistance: 113.70 - daily pivot resistance
* Spot: 112.90
* 1st support: 112.47 - support from Ichimoku cloud
* 2nd support: 111.89 - daily pivot support
* 3rd support: 111.50 - daily pivot support

AUD/USD: Bear momentum slows down at resistance zone from 55-DMA at ~0.7190; price formation Head & Shoulders is still valid while price is above 55-DMA
* 3rd resistance: 0.7275 - upper deviation band
* 2nd resistance: 0,7240 - daily pivot resistance
* 1st resistance: 0.7232 - daily pivot resistance
* Spot: 0.7215
* 1st support: 0.7168 -daily pivot support and down deviation band
* 2nd support: 0,7150 - daily pivot support and down deviation band
* 3rd support: 0.7120 - daily pivot support

Trader Velizar Mitov

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FOREX: USDJPY With breakout of 55-DMA; Major Support and Resistance 11.12.2018

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