DecaPip Daily: 24/06/2015

Introduction to DecaPip
Welcome to our newest feature; DecaPip. The concept is simple: our professional market technician, with an exceptional system, showcases his own daily Support and Resistance levels across a broad spectrum of FX currency pairs.Please note: the featured Support and Resistance levels are not trading recommendations by Littlefish FX, but a guide to show you what a real life professional FX Swing Trader is looking for on a Weekly and Daily basis.The most effective way to use the levels:

  • If indicated levels hold, look for the price to reverse.
  • If levels are broken, look for the price to continue past to new highs or lows.

 

DecaPip Daily: 24/06/2015

In today’s DecaPip Daily column I would like to put the spotlight on the EURUSD currency and also the GBPUSD 

Yesterday we had a large  breakout to the downside on EURUSD of over 150 pips and also GBPUSD lost over 100 pips.

On the charts I would like to look at places we could potential swing trade any short term rebounds to the upside as well as look at any near term support that may hold the recent declines.

 

EURUSD

Resistance 1  1268

Resistance 2  1410

Support 1  1150

Support 2 1066

Screen shot 2015-06-23 at 16.05.42

 

GBPUSD

Resistance 1  5755

Resistance 2  5828

Support 1  5680

Support 2  5623

Screen shot 2015-06-23 at 16.12.44

Got any questions about our new DecaPip feature? Contact Nathan at Nathan@littlefishfx.com