FOREX: Major Support and Resistance 08.02.2018


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EUR/USD -- Slashes 50% of January low-high move; overshoot
value zone at 1.2153 (61.8% retracement)
* 3rd resistance: 1.2406, price high
* 2nd resistance: 1.2365, pivot r1
* 1st resistance: 1.2315-21, 21-day MA, mid-candle body price
* Spot: 1.2229
* 1st support: 1.2227, 50% retrace of Jan. low-high move
* 2nd support: 1.2214, price low
* 3rd support: 1.2165, price low

GBP/USD -- Risks skewed lower into Super Thursday for
possible test and hold of 1.3797 Fibonacci support (see chart
analysis here)
* 3rd resistance: 1.4091, price low
* 2nd resistance: 1.4045, daily pivot, mid open/close price
* 1st resistance: 1.4000, price high
* Spot: 1.3860
* 1st support: 1.3836-22, price low, pivot s1
* 2nd support: 1.3797, 61.8% Fibonacci
* 3rd support: 1.3757, price low

USD/JPY -- Consolidating at trend lows; 21-day MA guides
the downtrend (109.96) and above here at close required to
trigger further position adjustment
* 3rd resistance: 110.83, ichimoku baseline
* 2nd resistance: 110.29-48, price highs
* 1st resistance: 109.96, 21-day MA
* Spot: 109.70
* 1st support: 108.92, price low
* 2nd support: 108.46-42, price lows
* 3rd support: 108.28, price low

AUD/USD -- Descends to triple MA support lines at
0.7797-52, where pair may find stability and carve out a base
* 3rd resistance: 0.7910, price high
* 2nd resistance: 0.7882, pivot r1
* 1st resistance: 0.7864, mid open/close price
* Spot: 0.7805
* 1st support: 0.7797-95, 55-day MA, price low
* 2nd support: 0.7773, 100-day MA
* 3rd support: 0.7753, 200-day MA

Source  Bloomberg Pro Terminal
Trader Velizar Mitov

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