Major Support and Resistance FOREX 21.8.2017

EUR/USD -- Choppy price action keeps risks neutral;
directional trigger levels seen at 1.1790 and 1.1662
* 3rd resistance: 1.1893, Aug. 3 high
* 2nd resistance: 1.1847, Aug. 11 high
* 1st resistance: 1.1790, Aug. 17 high
* Spot: 1.1745
* 1st support: 1.1662, Aug. 17 low
* 2nd support: 1.1650, July 27 low
* 3rd support: 1.1613-08, July 26 low, 38.2% Fibonacci of
June/Aug. rally

GBP/USD -- Attempting to form base against 1.2848 Fibonacci
support
* 3rd resistance: 1.2970, Aug. 15 high
* 2nd resistance: 1.2930-40, 55-DMA, Aug. 11 low
* 1st resistance: 1.2917, Aug. 18 high
* Spot: 1.2866
* 1st support: 1.2832-29, Aug. 18 low, pivot s1
* 2nd support: 1.2812, July 12 low
* 3rd support: 1.2794, June 28 low

AUD/USD -- Upside chart theme prevails; 0.7870 support must
hold to maintain bull sentiment built up from last week
* 3rd resistance: 0.8043, Aug. 1 high
* 2nd resistance: 0.7980-93, Aug. 4, 2 high
* 1st resistance: 0.7963, Aug. 17 high
* Spot: 0.7914
* 1st support: 0.7885, pivot s1
* 2nd support: 0.7870, Aug. 18 low
* 3rd support: 0.7818-08, 50% retracement of July advance, Aug.
15 low

USD/JPY -- Keeps bearish tone despite late Friday sharp
recovery off lows; weekly charts on critical watch this week as
market keeps hovering near 108.84 cloud base support
* 3rd resistance: 110.03, Aug. 16 low
* 2nd resistance: 109.77, ichimoku conversion line
* 1st resistance: 109.60, Aug. 18 high
* Spot: 109.05
* 1st support: 108.60, Aug. 18 low
* 2nd support: 108.32, April 18 low
* 3rd support: 108.13, April 17 low

Bloomberg Pro Terminal

Trader Velizar Mitov

Read more:

• Good price to buy British Pound
• Forex Intraday: EUR/USD has reached strong resistance
• Forex: AUD/JPY “Buy” from current levels
• Alexandre Lamfalussy: “We need to admit the euro was a mistake”
• NZD / USD, mixed signals from price action and formations. More likely long after the activation of a flag for increace