DecaPip Weekly: 13/07/2015

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 focus for the start of the new trading week in the foreign exchange market will be the outcome from this weekend’s Greek bailout deal.

At the time of writing the result should bring considerable volatility into the opening prices in early trading as has become the new normal with the backdrop of tense negotiation over the weekend.

Here are my DecaPip Weekly levels to watch.

EURUSD

1.1328 Resistance 1

1.1362 Resistance 2

1.1610 Resistance 3

1.1080 Support 1

1.0951 Support 2

1.0780 Support 3

Screen shot 2015-07-11 at 09.21.29

GBPUSD

1.5700 Resistance 1

1.5787 Resistance 2

1.5960 Resistance 3

1.5400 Support 1

1.5355 Support 2

1.5290 Support 3

 

Screen shot 2015-07-11 at 10.08.26

EURJPY

137.48 Resistance 1

140.05 Resistance 2

135.25 Support 1

133.55 Support 2

Screen shot 2015-07-11 at 11.18.59

USDCHF

9448 Resistance 1

9355 Resistance 2

9345 Support 1

9210 Support 2

Screen shot 2015-07-11 at 12.16.48

USDJPY

122.93 Resistance 1

123.90 Resistance 2

125.40 Resistance 3

121.60 Support 1

120.80 Support 2

1.1948 Support 3

Screen shot 2015-07-11 at 11.38.51

USDCAD

2715 Resistance 1

2790 Resistance 2

2580 Support 1

2380 Support 2

Screen shot 2015-07-11 at 13.47.23

AUSUSD

7460 Resistance 1

7555 Resistance 2

7408 Support 1

7355 Support 2

Screen shot 2015-07-11 at 14.42.38

 

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

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