Major Support and Resistance FOREX 17.8.2017

17.08.2017 / 15:39

Rating:

EUR/USD -- Strong upside reversal against 21-DMA support line
re-calibrates expectations higher
** 3rd resistance: 1.1893, Aug. 3 high
** 2nd resistance: 1.1847, Aug. 11 high
** 1st resistance: 1.1793, Aug. 15 high
** Spot: 1.1726
** 1st support: 1.1682, Aug. 16 low
** 2nd support: 1.1671, July 28 low
** 3rd support: 1.1650-40, July 27 low, ichimoku baseline

USD/CHF -- Puts in strong bearish engulfing session against
100-DMA and 50% retrace line; double-top pattern in the making
** 3rd resistance: 0.9766, Aug. 16 high
** 2nd resistance: 0.9702, Aug. 15 low
** 1st resistance: 0.9692, Aug. 16 mid open/close price
** Spot: 0.9656
** 1st support: 0.9605, Aug. 14 low
** 2nd support: 0.9584, Aug. 10 high
** 3rd support: 0.9567, 61.8% Fibonacci of July 21/Aug. 8 rise

GBP/USD -- Small bullish Wednesday session against 1.2863-48
support eases the downside pressure although downbeat mood still
hangs over market
** 3rd resistance: 1.2970, Aug. 15 high
** 2nd resistance: 1.2931-40, 55-DMA, Aug. 11 low
** 1st resistance: 1.2916, Aug. 15 mid open/close price
** Spot: 1.2880
** 1st support: 1.2842, Aug. 16 low
** 2nd support: 1.2819-12, daily cloud base, July 12 low
** 3rd support: 1.2794, June 28 low

USD/JPY -- Sharp retreat against 38.2% Fibonacci of
July/August selloff at 110.94; closing break back below 109.85
(ichimoku conv. line) required to suggest near-term top in place
** 3rd resistance: 110.94, 38.2% Fibonacci of July/August
selloff
** 2nd resistance: 110.75, pivot r1
** 1st resistance: 110.39, daily pivot
** Spot: 110.08
** 1st support: 109.67-59, Asia low, 61.8% Fibonacci Aug. 11/16
rise
** 2nd support: 109.40, Aug. 11 high
** 3rd support: 109.26, 76.4% Fibonacci Aug. 11/16 rise

Bloomberg Pro Trader

Trader Velizar Mitov

Varchev Traders

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Major Support and Resistance FOREX 17.8.2017

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