Today’s DecaPip Daily will be featuring GBPUSD and AUSUSD.
It is fairly safe to say that GBPUSD had a rather large breakout of range in yesterdays trading session. We are approaching some really interesting levels to the upside,as a market technician I would like to see how large this pair’s appetite is for further advancement around the areas I have charted.
AUSUSD also staged a comeback of sorts after the FOMC.At this point I think it is prudent to look for a level of resistance to hold rather than buy into the upward momentum as AUSUSD has been bearish for a long time and also there are in my opinion better levels below 7500 for keen Buyers amongst the Littlefishfx readers.
1.5880 Resistance 1
1.6002 Resistance 2
1.5780 Support 1
1.5600 Support 2