Technical levels on the major currency pairs today on 05/08/2017

08.05.2017 / 12:21

Rating:

EUR/USD -- Firmly bullish above March 27 high at 1.0906
3rd resistance: 1.1095, 78.6% Fibonacci retracement
2nd resistance: 1.1040, pivot r2
1st resistance: 1.1023, Asia session high
Spot: 1.0984
1st support: 1.0947-51, series of highs post-France first election round
2nd support: 1.0906, March 27 high
3rd support: 1.0821, April 24 low

GBP/USD -- Hits fresh high as 1.30 tests looks plausible
3rd resistance: 1.3055, 38.2% Fibo retracement of Brexit-flash crash drop
2nd resistance: 1.3002, pivot r2
1st resistance: 1.2989, Asia session high
Spot: 1.2967
1st support: 1.2901, May 5 low
2nd support: 1.2831, May 4 low
3rd support: 1.2771, 21-DMA

EUR/GBP -- 21-DMA support needs to hold for fresh-high attempt
3rd resistance: 0.8552, 55-DMA
2nd resistance: 0.8531, April 25-26 double-top
1st resistance: 0.8509, May 5 high
Spot: 0.8468
1st support: 0.8456, 21-DMA
2nd support: 0.8423, May 2 low
3rd support: 0.8405, April 28 low

USD/JPY -- Year-to-date channel top under pressure
3rd resistance: 113.49, March 17 high
2nd resistance: 113.13, Asia session high
1st resistance: 112.99, YTD channel top
Spot: 112.73
1st support: 112.60, Asia session low
2nd support: 111.97, May 3 low
3rd support: 111.81-78, 55-DMA, May 2 low

EUR/JPY -- Bullish momentum persists post year-to-date trendline breakout
3rd resistance: 126.47, April 28, 2016 high
2nd resistance: 125.32, 50% retreat of June 2015-June 2016 drop
1st resistance: 124.59, Asia session high
Spot: 123.84
1st support: 122.93, May 5 low
2nd support: 122.60, May 4 low, May 2 high
3rd support: 122.09, daily trendline since December

AUD/USD -- 0.7385, the 61.8% Fibonacci retracement support of December-March rise supports
3rd resistance: 0.7507, 21-DMA
2nd resistance: 0.7480, May 3 mid open/close price
1st resistance: 0.7427, May 5 high
Spot: 0.7410
1st support: 0.7368, May 5 low
2nd support: 0.7331, Jan. 10 low
3rd support: 0.7286, 78.6% Fibo

EUR/NOK -- Fails to close above 9.5429, last Fibo resistance of 2016-2017 drop
3rd resistance: 9.7482, Feb. 2016 high
2nd resistance: 9.5780-5820, May 5-June 24 highs
1st resistance: 9.4743, pivot r2
Spot: 9.4404
1st support: 9.4145, May 4 low
2nd support: 9.3970, May 2 high
3rd support: 9.3697 May 3 low

USD/CHF -- Stays inside wide range of April 24
3rd resistance: 1.0000-09, April 21 high, April 13 low
2nd resistance: 0.9957, May 4 high
1st resistance: 0.9904, Asia session high
Spot: 0.9890
1st support: 0.9856-59, April 24-May 5 lows
2nd support: 0.9832, March 28 low
3rd support: 0.9814, March 27 low

Източник: Bloomberg

Jr Trader Ivan Ivanov

Varchev Traders

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Technical levels on the major currency pairs today on 05/08/2017

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