Main support and resistance FOREX 23.6.2017

23.06.2017 / 12:39

Rating:

* AUD/USD -- Buyers step in at Fibonacci line at 0.7536
* 3rd resistance: 0.7651, 76.4% Fibonacci of March-May
slump
* 2nd resistance: 0.7636, June 14 high
* 1st resistance: 0.7586, June 21 high
* Spot: 0.7580
* 1st support: 0.7539-36, cloud, 38.2% Fibonacci of June
rally
* 2nd support: 0.7529-20, 200-DMA, June 9 low, 21-DMA
* 3rd support: 0.7505, 50% retreat of June rally

* USD/CHF -- Bears and bulls fight for power at 21-DMA
(0.9705) vicinity
* 3rd resistance: 0.9800-08, 38.2% Fibonacci, May 30 high
* 2nd resistance: 0.9771, June 15 high
* 1st resistance: 0.9743, June 22 high
* Spot: 0.9693
* 1st support: 0.9662, pivot S3
* 2nd support: 0.9641, June 14 low
* 3rd support: 0.9614, June 6 low

* EUR/USD -- Maintains downside bias while below down-slanting
21-DMA
* 3rd resistance: 1.1229, June 15 high
* 2nd resistance: 1.1214, June 19 high
* 1st resistance: 1.1201, 21-DMA
* Spot: 1.1181
* 1st support: 1.1139, June 22 low
* 2nd support: 1.1119, June 20 low
* 3rd support: 1.1110, May 30 low

* GBP/USD -- 55-DMA hurdle may attract again at 1.2822
* 3rd resistance: 1.2861, ichimoku cloud top
* 2nd resistance: 1.2815-22, June 19 high, 55-DMA
* 1st resistance: 1.2758-62, June 20 high, 76.4% Fibonacci
* Spot: 1.2735
* 1st support: 1.2654, June 22 low
* 2nd support: 1.2635, 100-DMA
* 3rd support: 1.2589-79, June 21 low, 50% retracement of
March-May rise

* USD/JPY -- Above 111.78-82 could rattle bears
* 3rd resistance: 112.93, May 16 low
* 2nd resistance: 112.13-25, May 24 high, 61.8% Fibonacci
* 1st resistance: 111.81-82, cloud base, 100-DMA
* Spot: 111.23
* 1st support: 110.95-91, June 22 low, 200-DMA
* 2nd support: 110.69-65, 21-DMA, June 16 low
* 3rd support: 110.34, June 14 high

* EUR/GBP -- Break above 0.8866 required to produce new phase
of bullish momentum; bears need 21-DMA to give in
* 3rd resistance: 0.8866, June 12 high
* 2nd resistance: 0.8846-55, June 21, 13 high
* 1st resistance: 0.8803, daily pivot
* Spot: 0.8780
* 1st support: 0.8771, June 21 low
* 2nd support: 0.8752-39, 21-DMA, June 20 low
* 3rd support: 0.8720, June 16 low

Bloomberg Pro Terminal

Trader Velizar Mitov

Varchev Traders

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Main support and resistance FOREX 23.6.2017

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