Major Support and Resistance Forex 7.3.2017

* EUR/USD -- Bulls’ determination tested at 1.1428-51 headwind
zone (click here for analysis)
* 3rd resistance: 1.1529, May 4 2016 high
* 2nd resistance: 1.1479, May 6 2016 high
* 1st resistance: 1.1447-51, May 11 2016 high, ’15 channel
top
* Spot: 1.1387
* 1st support: 1.1375, June 29 low
* 2nd support: 1.1349, June 27 high
* 3rd support: 1.1292, June 28 low

* USD/JPY -- Nears a break above last week’s high (112.93)
which may set tone for move up to 113.80-114.00
* 3rd resistance: 113.85, May 15 high
* 2nd resistance: 113.13, May 17 high
* 1st resistance: 112.93-113.06, May 16 low, 76.4%
Fibonacci
* Spot: 112.83
* 1st support: 111.73, June 30 low
* 2nd support: 111.46-43, June 27 low, 23 high
* 3rd support: 111.38-25, 55-DMA, 200-DMA

* GBP/USD -- On track for new 2017 high after comfortably
clearing early June high at 1.2978
* 3rd resistance: 1.3121, Sept. 22 2016 high
* 2nd resistance: 1.3066, 76.4% Fibonacci of Sept./Oct.
fall
* 1st resistance: 1.3048, May 18 high
* Spot: 1.2977
* 1st support: 1.2946, June 30 low
* 2nd support: 1.2924, June 29 low
* 3rd support: 1.2867-61, 55-DMA, June 27 high

* USD/CHF -- Bouncing from 200-week MA support and U.S.
election reaction low as momentum shows positive divergence
(see analysis here)
* 3rd resistance: 0.9676, June 23 low
* 2nd resistance: 0.9647, June 28 low
* 1st resistance: 0.9600, June 29 high
* Spot: 0.9591
* 1st support: 0.9554-50, 200-week MA, Nov. 9 low
* 2nd support: 0.9537, August 2016 low
* 3rd support: 0.9522, June 24 2016 low

Bloomberg Pro Terminal

Trader Velizar Mitov

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