DecaPip Daily: 02/07/2015

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. The most effective way to use the levels are:

  • 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.

 

The Littlefish FX DecaPip Daily: Intraday outlook highlighting Resistance and Support levels in the Forex market for 02/07/2015…..

Today I will be continuing the theme of the week and looking at EURUSD and GBPUSD on the currency charts in this edition of  Decapip Daily.

Yesterday we saw both pairs falling to the downside and seemingly breakout into the lower part of there recent trading ranges.

With the Non Farm Payrolls fast approaching this afternoon i would like to showcase some key areas here to watch.

EURUSD

1.1125 Resistance 1

1.1203 Resistance 2

1.1280 Resistance 3

Screen shot 2015-07-01 at 19.00.40

1.1055 Support 1

1.0970 Support 2

1.0880 Support 3

 

GBPUSD

1.5705 Resistance 1

1.5755 Resistance 2

1.5800 Resistance 3

Screen shot 2015-07-01 at 19.29.43

1.5570 Support 1

1.5500 Support 2

1.5405 Support 3

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

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