Major Support and Resistance FOREX 21.7.2017

21.07.2017 / 15:24

Rating:

EUR/USD -- ECB sets the stage for 1.1736-1.1807 test
* 3rd resistance: 1.1736, 38.2% Fibonacci of 2014-2017
fall
* 2nd resistance: 1.1714, Aug. 2015 high
* 1st resistance: 1.1700, pivot r1
* Spot: 1.1645
* 1st support: 1.1583, July 18 high
* 2nd support: 1.1557, July 19 high
* 3rd support: 1.1479, July 20 low

USD/JPY -- Fails to build on reversal momentum against
multiple averages; attention reverts to cloud base at 111.25
* 3rd resistance: 112.87-90, July 17 high, 14 mid price
* 2nd resistance: 112.69, July 18 high
* 1st resistance: 112.42, July 20 high
* Spot: 111.74
* 1st support: 111.48-46, July 20, June 27 low
* 2nd support: 111.25, ichimoku cloud (flat up to Aug. 1)
* 3rd support: 110.99-95, 61.8% Fibonacci of June 14-July
11 rise, June 22 low

GBP/USD -- Bounces off 61.8% Fibonacci at 1.2932; stays
bullish and could be tracing out another bull ’flag’ pattern
* 3rd resistance: 1.3080, pivot r2
* 2nd resistance: 1.3053, July 19 high
* 1st resistance: 1.3011, July 19 low
* Spot: 1.2991
* 1st support: 1.2933-32, 21-DMA, 61.8% Fibonacci of July
12-18 rise
* 2nd support: 1.2907, July 12 high
* 3rd support: 1.2889-86, 55-DMA, 76.4% Fibonacci of July
12-18 rise

AUD/USD -- Retreats from near 0.80 handle; could finally
break 8 day streak of higher highs
* 3rd resistance: 0.8019, 200-week MA
* 2nd resistance: 0.7989, July 20 high
* 1st resistance: 0.7959, Asia high
* Spot: 0.7900
* 1st support: 0.7857, 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 21.7.2017

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