Major Support and Resistance FOREX 1.9.2017

01.09.2017 / 14:23

Rating:

EUR/USD -- ’Hammers’ out a minor bottom against 1.1818
Fibonacci support line which sets the platform for a rally to
new cycle highs above 1.2070
* 3rd resistance: 1.1976-84, 61.8% Fibonacci, Aug. 30 high
* 2nd resistance: 1.1947, Aug. 29 low
* 1st resistance: 1.1928, Aug. 30 mid open/close price
* Spot: 1.1892
* 1st support: 1.1823-18, Aug. 31 low, 61.8% Fibonacci, 21-DMA
* 2nd support: 1.1774, Aug. 25 low
* 3rd support: 1.1758, 76.4% Fibonacci of Aug. 17-29 rise

GBP/USD -- Upside risks upheld after Thursday’s sharp
rebound against 1.2852 Fibonacci support line and late rally and
finish into positive
* 3rd resistance: 1.3022-31, Aug. 14, 11 high
* 2nd resistance: 1.2979, Aug. 29 high
* 1st resistance: 1.2949, Asia high
* Spot: 1.2915
* 1st support: 1.2906, daily pivot
* 2nd support: 1.2852, 61.8% Fibonacci of Aug. 24 rise
* 3rd support: 1.2837, Aug. 24 high

USD/JPY -- Potential resumption of bear trend after
’hammering’ out a top against 110.95 mid-August swing high
* 3rd resistance: 111.19, 100-, 55-DMA’s
* 2nd resistance: 110.95, Aug. 16 high
* 1st resistance: 110.67, Aug. 31 high
* Spot: 110.09
* 1st support: 109.88-78, Aug. 31 low. 21-DMA
* 2nd support: 109.55, Aug. 30 low
* 3rd support: 109.19, 61.8% Fibonacci of Aug. 29-31 rise

AUD/USD -- Turn higher against 0.7867 pivot reignites
upside prospects
* 3rd resistance: 0.8043, Aug. 1 high
* 2nd resistance: 0.7996, Aug. 30 high
* 1st resistance: 0.7974, pivot r1
* Spot: 0.7934
* 1st support: 0.7923, daily pivot
* 2nd support: 0.7871-67, Aug. 31, 24 lows
* 3rd support: 0.7852. 76.4% Fibonacci of Aug. 15-30 rally

Bloomberg Pro Terminal

Trader Velizar Mitov

Varchev Traders

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Major Support and Resistance FOREX 1.9.2017

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