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Main technical S/R on major currency crossovers

Main technical S/R on major currency crossovers

20.02.2017 / 12:44

Rating:

EUR/USD – Bouncing from 55-DMA на 1.0601

3rd resistance: 1.0714, Feb. 8 high
2nd resistance: 1.0693, 21-DMA
1st resistance: 1.0679, Feb. 16 high

Spot: 1.0620

1st support: 1.0601, 55-DMA
2nd support: 1.0591, Feb. 16 low
3rd support: 1.0558, 76.4% Fibonacci of Feb. 15-16 rise

GBP/USD – Friday’s close below key 55-DMA support opens up new bearish risks

3rd resistance: 1.2582-93, Feb. 9 high, Feb. 2 mid-open/close mid-price
2nd resistance: 1.2548, Feb. 14 high
1st resistance: 1.2524, Feb. 16 high

Spot: 1.2469

1st support: 1.2383, Feb. 15 low
2nd support: 1.2346, 50% retreat of Jan. 16-Feb. 2 high
3rd support: 1.2331, Jan. 23 low

USD/JPY – Back-to-back closes below ichimoku conversion line reinforce the downside prospects

3rd resistance: 114.31, Feb. 16 high
2nd resistance: 113.87, Feb. 15 low
1st resistance: 113.50, Feb. 17 high

Spot: 113.18

1st support: 112.54, Feb. 8 high
2nd support: 111.60, Feb. 7 low
3rd support: 111.23, 100-DMA

EUR/JPY – Recovering inside Friday’s range; bearish while below ichimoku conversion line

3rd resistance: 121.34, Feb. 10 high
2nd resistance: 120.69, Feb. 16 low
1st resistance: 120.33, ichimoku conversion line

Spot: 120.20

1st support: 119.63, Asia low
2nd support: 119.35-33, 100-DMA, Feb. 8 low
3rd support: 118.92, ichimoku cloud base

EUR/GBP -- Capped by cloud base; near-term risks are to the upside although 100-DMA/cloud top may again cap rally
3rd resistance: 0.8665, cloud top
2nd resistance: 0.8645, 100-DMA
1st resistance: 0.8592, Feb. 17 high, Feb. 6 low

Spot: 0.8520

1st support: 0.8487, Feb. 16 low
2nd support: 0.8465, 200-DMA
3rd support: 0.8456, Feb. 14 low

AUD/USD -- Consolidates under multi-mo. range highs at 0.7778-0.7835; stays bullish while above 13-DMA
3rd resistance: 0.7778, Nov. 8 high
2nd resistance: 0.7732-42, Feb. 16 high, Nov. 10 high
1st resistance: 0.7713, Feb. 17 high

Spot: 0.7672

1st support: 0.7637, Feb. 15 low
2nd support: 0.7618, Feb. 14 low
3rd support: 0.7606, Feb. 7 low

USD/CHF -- Consolidates for 2nd day inside Feb. 16 range
3rd resistance: 1.0119, Feb. 15 high
2nd resistance: 1.0104, 55-DMA
1st resistance: 1.0060, Feb. 16 high

Spot: 1.0023

1st support: 0.9997, Asia low
2nd support: 0.9967, Feb. 16 low
3rd support: 0.9937, Feb. 9 low

EUR/NOK -- Consolidates for second day inside Feb. 16 range
3rd resistance: 8.9295, Feb. 10 high
2nd resistance: 8.8897, Feb. 15 high
1st resistance: 8.8742, Feb. 16 high

Spot: 8.8575

1st support: 8.8363, Feb. 17 low
2nd support: 8.8312, Feb. 16 low
3rd support: 8.8253, July 15 2015 low

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Main technical S/R on major currency crossovers

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