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.
Resistance 1 1268
Resistance 2 1410
Support 1 1150
Support 2 1066
Resistance 1 5755
Resistance 2 5828
Support 1 5680
Support 2 5623