Technical levels on the major currency pairs today 06/20/2017

20.06.2017 / 12:57

Rating:

EUR/USD -- Re-test and response to 21-DMA confirms new found appetite to fade rallies
3rd resistance: 1.1229-33, June 15 high, 61.8% Fibonacci
2nd resistance: 1.1208-14, 21-DMA, June 19 high
1st resistance: 1.1169, daily pivot
Spot: 1.1154
1st support: 1.1132, June 15 low
2nd support: 1.1110, May 30 low
3rd support: 1.1076, May 18 low

GBP/USD -- Monday’s bearish key day reversal against 55-DMA could provide ammunition for 100-DMA re-test
3rd resistance: 1.2888-97, June 7 low, 76.4% Fibonacci
2nd resistance: 1.2846-53, June 2, 3 lows, 61.8% Fibonacci
1st resistance: 1.2818, June 14 high
Spot: 1.2681
1st support: 1.2668, pivot s2
2nd support: 1.2636-32, June 9 low, 100-DMA
3rd support: 1.2615, March 27 high

USD/JPY -- Bulls face bigger test at 111.82-86, the ichimoku cloud and medium-term average line
3rd resistance: 112.93, May 16 low
2nd resistance: 112.13-25, May 24 high, 61.8% Fibonacci
1st resistance: 111.82-86, cloud base, 100-DMA
Spot: 111.65
1st support: 111.42, June 16 high
2nd support: 111.29, daily pivot
3rd support: 110.65, June 16 low

AUD/USD -- Fourth day inside last Wednesday’s range as overbought conditions make case for topside more challenging
3rd resistance: 0.7680, March 30 high
2nd resistance: 0.7651, 76.4% Fibonacci of March-May slump
1st resistance: 0.7636, June 14 high
Spot: 0.7623
1st support: 0.7570-66, 200-hr MA, June 7 high
2nd support: 0.7559, 100-DMA
3rd support: 0.7533-29, June 14 low, 200-DMA

EUR/JPY -- Fourth day higher as bulls looks to re-tackle 2017 peaks (125.81-82)
3rd resistance: 125.81, May 25 high
2nd resistance: 125.31, June 2 high
1st resistance: 124.71, June 5 high
Spot: 124.43
1st support: 124.08-03, June 19 low, June 8 high
2nd support: 123.72, June 15 high
3rd support: 123.57, June 16 low

EUR/GBP -- 21-DMA rising support line to test strength of uptrend from early May
3rd resistance: 0.8836, June 14 high
2nd resistance: 0.8807, June 15 high
1st resistance: 0.8798, June 19 high
Spot: 0.8793
1st support: 0.8734-27, June 19 low, 21-DMA
2nd support: 0.8720, June 16 low
3rd support: 0.8699, June 8 high

EUR/NOK -- Clings onto up-trendline dating back to Feb., today at 9.4500
3rd resistance: 9.5465, June 9 high
2nd resistance: 9.5266, June 12 high
1st resistance: 9.4997, June 13 high
Spot: 9.4432
1st support: 9.4271, pivot s2
2nd support: 9.4040, June 14 low
3rd support: 9.3778, 76.4% Fibonacci of May 19-June 7 rise

USD/CHF -- Ripe for squeeze higher toward 0.9800 Fibonacci line
3rd resistance: 0.9856, April 24 low
2nd resistance: 0.9800-08, 38.2% Fibonacci, May 30 high
1st resistance: 0.9771, June 15 high
Spot: 0.9745
1st support: 0.9708, 21-DMA
2nd support: 0.9696, June 19 low
3rd support: 0.9641, June 14 low

Source: Bloomberg Pro Terminal

Jr Trader Ivan Ivanov

Varchev Traders

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Technical levels on the major currency pairs today 06/20/2017

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