Major Support and Resistance FOREX 1.8.2017

01.08.2017 / 14:19

Rating:

EUR/USD -- Month-end USD selling helps pair overcome 200-
week MA at 1.1789; weekly close above here to be monitored
* 3rd resistance: 1.1981, 233-DMA
* 2nd resistance: 1.1897, Jan. 7 2015 high
* 1st resistance: 1.1871, Jan. 12 2015 high
* Spot: 1.1824
* 1st support: 1.1791-89, July 31 mid-price, 200-wk MA
* 2nd support: 1.1777-64, July 27, 28 highs
* 3rd support: 1.1723, July 31 low

USD/CHF -- Bulls facing headwinds from daily cloud (0.9691);
penetration required to open up 100-DMA at 0.9807
* 3rd resistance: 0.9807-08, 100-DMA, May 30 high
* 2nd resistance: 0.9771, June 15 high
* 1st resistance: 0.9727, July 28 high
* Spot: 0.9657
* 1st support: 0.9634, July 28 low
* 2nd support: 0.9595, July 26 high
* 3rd support: 0.9491, July 27 low

GBP/USD -- Trades above 1.3150, the upper end of a trend
channel dating from the October flash crash
* 3rd resistance: 1.3341, Sept. 13 high
* 2nd resistance: 1.3279, Sept. 15 high
* 1st resistance: 1.3248-60, Sept. 16 high, pivot r1
* Spot: 1.3230
* 1st support: 1.3159-52, July 27, 28 lows
* 2nd support: 1.3097, July 31 low
* 3rd support: 1.3062, July 28 low

USD/JPY -- Sees bearish follow-through action after breaking
233-DMA support; exposed to mid-June low at 108.83
* 3rd resistance: 110.97, July 28 mid open/close price
* 2nd resistance: 110.77-85, July 31 high, 233-DMA
* 1st resistance: 110.42-55, Asia high, July 18 low
* Spot: 110.26
* 1st support: 110.01, Asia low
* 2nd support: 109.87, pivot r2
* 3rd support: 109.27, June 15 low

Bloomberg Pro Terminal

Trader Velizar Mitov

Varchev Traders

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Major Support and Resistance FOREX 1.8.2017

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