Major Support and Resistance FOREX 30.8.2017

30.08.2017 / 17:23

Rating:

EUR/USD -- Focus remains at 1.2167, as long as 1.1910
breakout level holds on a closing basis
* 3rd resistance: 1.2167, 50% of drop since 2014
* 2nd resistance: 1.2070, Aug. 29 high
* 1st resistance: 1.1984, Asia session high
* Spot: 1.1955
* 1st support: 1.1910, Aug. 2 low
* 2nd support: 1.1847, Aug. 11 high
* 3rd support: 1.1818, 21-DMA

GBP/USD -- Unable to escape 55-DMA gravity on the close,
may see further pressure as 21-DMA dives south
* 3rd resistance: 1.3079, 61.8% Fibonacci of August selloff
* 2nd resistance: 1.3022-31, Aug. 14, 11 high
* 1st resistance: 1.2937-45, 55-, 21-DMA
* Spot: 1.2910
* 1st support: 1.2874, Aug. 28 low
* 2nd support: 1.2837, Aug. 24 high
* 3rd support: 1.2774, Aug. 24 low

USD/JPY -- YTD low at 108.13 holds; a close above 21-DMA
may see further mean reversion
* 3rd resistance: 111.20, 55-DMA
* 2nd resistance: 110.65, 38.2% Fibo of drop since July 11
* 1st resistance: 110.37, Aug. 17 high
* Spot: 110.03
* 1st support: 109.55, Asia session low
* 2nd support: 108.27, Aug. 29 low
* 3rd support: 107.87, 61.8% Fibonacci of Nov./Dec. rally

AUD/USD -- Drop contained by 21-DMA makes case for fresh
push higher
* 3rd resistance: 0.8043, Aug. 1 high
* 2nd resistance: 0.8005, 76.4% Fibonacci of July 27-Aug. 15
fall
* 1st resistance: 0.7996, Asia session high
* Spot: 0.7967
* 1st support: 0.7915, 21-DMA
* 2nd support: 0.7885, Aug. 25 low
* 3rd support: 0.7867, Aug. 24 low

Bloomberg Pro Terminal

Trader Velizar Mitov

Varchev Traders

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Major Support and Resistance FOREX 30.8.2017

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