FOREX:Euro, Yen May Have Hit Short-Term Tops Vs Dollar: Major Support and Resistance 28.03.2018г

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EUR/USD -- Tuesday’s reversal poses concern over YTD high
test as candle sessions gives early indication of a reversal;
still, mean reversion should find support near 1.2330; close
above 1.2476 will boost bullish momentum
* 3rd resistance: 1.2761, 138.2% Fibo projection of 2017 rally
* 2nd resistance: 1.2555, Feb. 16 and three-year high
* 1st resistance: 1.2476, March 27
* Spot: 1.2394
* 1st support: 1.2373, March 27 low
* 2nd support: 1.2330-36, 55, 21--DMA
* 3rd support: 1.2240-41, March 20-21 double-bottom

GBP/USD -- Steep bullish trend channel needs close above
1.4278 or risks a correction
* 3rd resistance: 1.4345, Jan. 25 high
* 2nd resistance: 1.4278, Feb. 1-2 double-top
* 1st resistance: 1.4244-45, March 27-26 double-top
* Spot: 1.4187
* 1st support: 1.4118, 23.6% Fibo retracement of gains this
* 2nd support: 1.4088, March 19 high
* 3rd support: 1.3967, 21-, 55-DMAs

USD/JPY -- Remains in bearish trend; 200-monthly MA at
105.63 in focus as candle sessions suggest upside risks;
* 3rd resistance: 106.61-64, March 20-21 double-top
* 2nd resistance: 106.04, 21-DMA
* 1st resistance: 105.90, March 27 high
* Spot: 105.69
* 1st support: 104.56, March 26 low
* 2nd support: 103.22, 78.6% Fibonacci retracement of June-
December 2016 gains
* 3rd support: 101.20, Nov. 9 2016 low

AUD/USD -- Tests year-to-date low, in firm bearish mode
* 3rd resistance: 0.7804, March 16 high
* 2nd resistance: 0.7768, 21-DMA
* 1st resistance: 0.7758, March 27 high
* Spot: 0.7685
* 1st support: 0.7672, March 21 low
* 2nd support: 0.7638, 78.6% Fibonacci retracement of gains
since December
* 3rd support: 0.7622, pivot s2

Source Bloomberg Pro Terminal

 Trader Velizar Mitov

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