Major Support and Resistance FOREX 20.7.2017

20.07.2017 / 13:27

Rating:

EUR/USD -- Consolidation waiting for ECB
11:45 h.- interest rate descision и 12:30h . Mario Draghi press conference
* 3rd resistance: 1.1714, Aug. 2015 high
* 2nd resistance: 1.1616, 2016 high
* 1st resistance: 1.1583, July 18 high
* Spot: 1.1500
* 1st support: 1.1489, July 12 high
* 2nd support: 1.1472, July 18 low
* 3rd support: 1.1434, July 14 mid open/close price

GBP/USD -- Test near 1.2969, the halfway line of
1.2812-1.3126 rise before bouncing after good U.K. data
* 3rd resistance: 1.3126-39, July 18 high, Sept. 14 low
* 2nd resistance: 1.3071, pivot r1
* 1st resistance: 1.3053, July 19 high
* Spot: 1.3022
* 1st support: 1.2969, 50% of July 12-18 rise
* 2nd support: 1.2955, July 13 high
* 3rd support: 1.2932, 61.8% Fibonacci of July 12-18 rise

USD/JPY -- Potential reversal in the works against quadruple
support lines (55/100/200-DMAs, ichimoku baseline)
* 3rd resistance: 113.02, ichimoku conversion line
* 2nd resistance: 112.87-90, July 17 high, 14 mid price
* 1st resistance: 112.69, July 18 high
* Spot: 112.31
* 1st support: 111.56, July 19 low
* 2nd support: 111.46, June 27 low
* 3rd support: 111.25, ichimoku cloud (flat up to Aug. 1)

AUD/USD -- Hits a 26-month high before paring all gains; key
day reversal monitored on close sub 0.7909
* 3rd resistance: 0.8164, May 2015 high
* 2nd resistance: 0.8019, 200-week MA
* 1st resistance: 0.7989, Asia high
* Spot: 0.7916
* 1st support: 0.7890, pivot s1
* 2nd support: 0.7858, July 18 mid-price
* 3rd support: 0.7838, July 17 high

Bloomberg Pro Terminal

Trader Velizar Mitov

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Major Support and Resistance FOREX 20.7.2017

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