Supports and resistances on the major currency pairs

12.06.2017 / 13:46

Rating:

GBP/USD -- Past breakdown point at 1.2769 acting as
resistance; period of consolidation likely to follow
3rd resistance: 1.2807, 50% retracement of current range
2nd resistance: 1.2781-83, 55-DMA, cloud top
1st resistance: 1.2769, May 31 low
Spot: 1.2727
1st support: 1.2636, June 9 low
2nd support: 1.2622-15, 100-DMA, March 27 high
3rd support: 1.2596, April 17 high

EUR/USD -- Holding unenthusiastically above 21-DMA as bulls
and bears keep showing lack of commitment
3rd resistance: 1.1300, Nov. 9 high
2nd resistance: 1.1285, June 2 high
1st resistance: 1.1237, June 9 high
Spot: 1.1225
1st support: 1.1165, May 31 low
2nd support: 1.1110, May 30 low
3rd support: 1.1076, May 18 low

USD/JPY -- Sell interest likely to reside closer to
111.09-11, double-average resistance
3rd resistance: 111.71, June 2 high
2nd resistance: 111.09-11, 55-DMA, 21-DMA
1st resistance: 110.81, June 9 high
Spot: 110.05
1st support: 109.77, June 9 low
2nd support: 109.38, June 8 low
3rd support: 109.12, June 7 low

AUD/USD -- Momentum deflates against 100-DMA hurdle
3rd resistance: 0.7611, April 17 high
2nd resistance: 0.7592, April 24 high
1st resistance: 0.7557-66, 100-DMA, June 7 high
Spot: 0.7535
1st support: 0.7520, June 9 low
2nd support: 0.7500, June 7 low
3rd support: 0.7457-47, June 6 low, June 2 high

USD/CHF -- MACD bullish crossover in the works, from
depressed levels
3rd resistance: 0.9808, May 30 high
2nd resistance: 0.9761, May 31 high
1st resistance: 0.9728-37, June 9 high, May 30 low
Spot: 0.9673
1st support: 0.9661, June 9 low
2nd support: 0.9638, June 8 low
3rd support: 0.9614, June 6 low

EUR/JPY -- Trading aimlessly at trend highs; momentum drops
to neutral levels
3rd resistance: 124.71, June 5 high
2nd resistance: 124.19-20, ichimoku baseline, June 5 low
1st resistance: 124.03, June 8 high
Spot: 123.48
1st support: 122.63-56, June 7, May 18 lows
2nd support: 122.32, May 3 low
3rd support: 121.63, 38.2% Fibonacci of April/May rise

EUR/GBP -- Likely to consolidate to absorb last week’s shock
3rd resistance: 0.9025, Nov. 9 high
2nd resistance: 0.8991, 61.8% Fibonacci of Oct./Dec. fall
1st resistance: 0.8860, June 9 high
Spot: 0.8816
1st support: 0.8774-66, June 5 high, daily pivot
2nd support: 0.8731, 61.8% Fibonacci of current range
3rd support: 0.8701, 76.4% Fibonacci of current range

Source:: Bloomberg Pro Terminal

Jr Trader Alexander Kumanov

Varchev Traders

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Supports and resistances on the major currency pairs

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