DecaPip Daily: 10/06/2015

The DecaPip Daily is my intraday outlook on the best Resistance and Support levels in the Forex market. Click here to see my DecaPip Weekly post.

With today’s DecaPip Daily I have decided to provide some very brief commentary for the Littlefish FX readers to explain what market levels I am looking for and why.

GBPUSD is showing some signs of being medium term Bullish. Therefore I have charted some far away resistance areas which seems the safer play when Cable is in this type of mood.

NZDJPY is very interesting so I thought I would include it in the DecaPip column today. With the Reserve Bank of New Zealand’s long-awaited interest rate announcement ,this pair should have significant movement before and after Wednesday’s event risk.

For more about DecaPip Daily and DecaPip Weekly, click here for a full introduction.

DecaPip Daily: 10/06/2015

GBPUSD

  • Resistance 1.5540
  • Support 1.5315

Screen shot 2015-06-09 at 18.34.49 Screen shot 2015-06-09 at 18.46.13

NZDJPY

  • Resistance 1 89.50
  • Resistance 2 90.60
  • Support 1 87.90
  • Support 2 86.50

Screen shot 2015-06-09 at 19.13.37 Screen shot 2015-06-09 at 19.14.44

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