Major Support and resistance FOREX 14.7.2017

14.07.2017 / 14:01

Rating:

EUR/USD -- Bullish risks still manifest; bulls must regain
levels north of 1.1450 to cement power; below 1.1371 spells
trouble
* 3rd resistance: 1.1529, May 4 2016 high
* 2nd resistance: 1.1489, July 12 high
* 1st resistance: 1.1456, July 13 high
* Spot: 1.1413
* 1st support: 1.1371, July 13 low
* 2nd support: 1.1330-21, July 6 low, 21-DMA
* 3rd support: 1.1313, July 5 low

GBP/USD -- Bullish ‘flag’ pattern completes; projection
techniques point to 1.3350 test
* 3rd resistance: 1.3048, May 18 high
* 2nd resistance: 1.3030, June 30 high
* 1st resistance: 1.2984, July 6 high
* Spot: 1.2956
* 1st support: 1.2907, July 12 high
* 2nd support: 1.2881, July 13 low
* 3rd support: 1.2851, 21-DMA

USD/CHF -- Close above 0.9696 would tip balance of power
away from bears
* 3rd resistance: 0.9771, June 15 high
* 2nd resistance: 0.9750, 55-DMA
* 1st resistance: 0.9738, June 26 high
* Spot: 0.9691
* 1st support: 0.9658, daily pivot
* 2nd support: 0.9598, June 30 high
* 3rd support: 0.9570, July 3 low

USD/JPY -- May gravitate toward 21-DMA at 112.56
* 3rd resistance: 114.11, 76.4% Fibonacci of July 11-13
fall
* 2nd resistance: 113.97, July 12 high
* 1st resistance: 113.72, July 11 low
* Spot: 113.27
* 1st support: 112.89-83, July 6, 5 lows
* 2nd support: 112.60-56, June 30 high, 21-DMA
* 3rd support: 112.33, 38.2% Fibonacci of June 14-July 11
rise

Bloomberg Pro Terminal

Trader Velizar Mitov

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Major Support and resistance FOREX 14.7.2017

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