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.
DecaPip Daily: 10/06/2015
- Resistance 1.5540
- Support 1.5315
- Resistance 1 89.50
- Resistance 2 90.60
- Support 1 87.90
- Support 2 86.50