Forex levels update 08th january 2016

By | January 8, 2016

forex levels

Market trying to recover from yesterday’s crash and dollar is crawling in positive zone for now . Posting day trading levels for major forex pairs . Remember these levels are valid only for today’s trading session .

USD/JPY

Yesterday we caught this forex pair bottom when we bought at 117.85 and booked profit at 118.20 ( forex signal given to our paid subscribers ) . Currently this fx pair trading higher at 118.38 . A good resistance on chart at 118.61 . Once buyers beat this level and manage to sustain above our resistance level . Then expect greenary upto 119 – 119.40 today .

If bears manage to beat our support at 118.10 and sustain beneath this level . Then expect this fx pair to correct upto 117.70 – 117.30 today .

usd/jpy trend update : Trend is positive for now .

EUR/USD

Yesterday euro had a good day when it tested 1.0939 . Currently eur/usd trading at 1.0874 . A good support in this forex pair at 1.0840 . Once this support broken and bears manage to sustain beneath this level . Then expect more red upto 1.0800 – 1.0770 today .

If euro manage to break our resistance at 1.0970 and manage to sustain above our resistance . Then expect this major forex pair to fire upto 1.1000 and more .

eur/usd trend update : Trend is flat to negative for now .

USD/CHF

Yesterday usd/chf had a bad day when it cracked badly and tested 0.9920 . Currently this forex pair trading at 0.9970 . A good resistance on chart at 1.0020 . If usd/chf break this and manage to hold above our resistance then expect market to zoom upto 1.0060 – 1.0100 today .

If this fx pair break our support at 0.9920 and manage to sustain beneath this level . Then expect usd/chf to drag upto 0.9870 – 0.9840 today .

usd/chf trend update : Trend is flat to positive for now

More will update to our forex trading signal subscribers .

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