Major Support and Resistance FOREX 11.7.201

11.07.2017 / 13:38

Rating:

EUR/USD -- In pursuit of 1.1450 breakout; base develops
ahead of 1.13 handle
* 3rd resistance: 1.1488, May 5 2016 high
* 2nd resistance: 1.1479, May 6 2016 high
* 1st resistance: 1.1447-49, May 11, 2016 high,’15 channel
top
* Spot: 1.1400
* 1st support: 1.1380-79, July 7 low, ichimoku conv. line
* 2nd support: 1.1369, July 5 high
* 3rd support: 1.1330, July 6 low

USD/JPY -- Reaches highs not seen since mid-March; stays
bullish despite stretched momentum and trend-exhaustion
warnings
* 3rd resistance: 115.51, March 10 high
* 2nd resistance: 115.10-20, cloud ’shadow’, March 14 high
* 1st resistance: 114.88, March 15 high
* Spot: 114.36
* 1st support: 113.87, July 10 low
* 2nd support: 113.69, July 5 high
* 3rd support: 113.47, July 6 high

GBP/USD -- Recovery back above 55-DMA (1.2877) mitigates
early week bearish risks
* 3rd resistance: 1.3030, June 30 high
* 2nd resistance: 1.2984, July 6 high
* 1st resistance: 1.2920-31, July 6 low, July 7 mid price
* Spot: 1.2917
* 1st support: 1.2855, July 10 low
* 2nd support: 1.2829, 21-DMA
* 3rd support: 1.2810, ichimoku baseline

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Trader Velizar Mitov

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Major Support and Resistance FOREX 11.7.201

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