Technical levels on the major currency pairs today 06/14/2017

14.06.2017 / 14:43

Rating:

* EUR/USD -- Orbits 21-DMA (1.1210) 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: 1.1221
* 1st support: 1.1165, May 31 low
* 2nd support: 1.1110, May 30 low
* 3rd support: 1.1076, May 18 low

* GBP/USD -- Inching toward 1.2807, the half-way mark of post-U.K. election range
* 3rd resistance: 1.2888-97, June 7 low, 76.4% Fibonacci
* 2nd resistance: 1.2828-47, 200-hr MA, June 1, 2 lows, 61.8% Fibonacci
* 1st resistance: 1.2807, 50% retracement of June 9 range
* Spot: 1.2752
* 1st support: 1.2707, June 13 mid open/close price
* 2nd support: 1.2636, June 9 low
* 3rd support: 1.2625-15, 100-DMA, March 27 high

* USD/JPY -- Bulls have work cut out as rally faces triple
moving-average headwind within 110.60-111.05
* 3rd resistance: 111.05, 55-DMA
* 2nd resistance: 110.81, June 9 high
* 1st resistance: 110.44-60, June 12 high, 200-DMA
* Spot: 110.23
* 1st support: 109.63, June 12 low
* 2nd support: 109.38, June 8 low
* 3rd support: 109.12, June 7 low

* AUD/USD -- Bulls have another go at 100-DMA (0.7557) attempting to get 3rd time lucky
* 3rd resistance: 0.7651, 76.4% Fibonacci of March-May slump
* 2nd resistance: 0.7611, April 17 high
* 1st resistance: 0.7592, April 24 high
* Spot: 0.7576
* 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 -- Mean-reversion rally on the cards; MACD sends
positive momentum signal this week
* 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: 0.9686
* 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; upside and downside trigger levels at 124.03 and 122.63 respectively
* 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: 123.58
* 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 -- Declining momentum and failure at range highs are worrisome price signals for bulls
* 3rd resistance: 0.8866, June 12 high
* 2nd resistance: 0.8837, pivot r1
* 1st resistance: 0.8820, June 13 mid open/close price
* Spot: 0.8795
* 1st support: 0.8756, June 6 high
* 2nd support: 0.8741, June 7 high
* 3rd support: 0.8699, June 8 high

* EUR/NOK -- Fifth day lower; respite level at 9.4162
* 3rd resistance: 9.5266, June 12 high
* 2nd resistance: 9.4997, June 13 high
* 1st resistance: 9.4847, June 12 low
* Spot: 9.4387
* 1st support: 9.4162, 61.8% Fibonacci of May 19-June 7 rise
* 2nd support: 9.3778, 76.4% Fibonacci of May 19-June 7 rise
* 3rd support: 9.3395, 55-DMA

Source: Bloomberg Pro Terminal

Jr Trader Ivan Ivanov

Varchev Traders

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Technical levels on the major currency pairs today 06/14/2017

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