Forex levels
Markets are highly volatile and day trading is not easy in this kind of markets . So trade low qty . Positing major forex levels . Remembers they are valid only for today’s trading session .
USD/JPY
This forex pair is one the major victim of volatility in last 2-3 trading sessions . Currently trading at 117.90 . A good support on intraday chart at 117.50 . Once market break this level and manage to sustain beneath our level . Then expect usd/jpy to correct upto 117.10 – 116.70 today .
A good resistance in this forex pair at 118.40 . Once market take this resistance out and manage to sustain above this resistance . Then expect usd/jpy to zoom upto 118.99 – 119.40 today .
usd/jpy trend update conclusion : Trend is positive for now . Buy in dips recommended till our support stays .
EUR/USD
Euro trading at 1.0904 . A good resistance in this forex pair stands above today’s high at 1.0941 . Once buyers manage to break this hurdle and sustain above our resistance . Then expect euro to fire upto 1.0990 and more .
If eur/usd break our support at 1.0860 and manage to sustain beneath our support . Then expect this eur/usd to tank upto 1.0820 – 1.0750 today .
eur/usd trend update conclusion : Trend is flat to weak for now .
USD/CHF
usd/chf currently trading at 1.0052 . A good resistance in this forex pair at 1.0102 . Once this hurdle taken out by buyers and manage to sustain above our resistance . Then expect market to zoom upto 1.0150 – 1.0199 today .
A good support in this forex pair at 1.001 . Once this support broken and sellers manage to sustain below this level . Then expect this usd/chf to tank upto 0.9950 – 0.9910 today .
usd/chf trend update conclusion : Trend is flat to positive for now
More will update to our forex trading signal subscribers