Where are the orders and levels today in forex pairs?
Every morning we start the day looking at the support and resistance levels in major forex pairs. These are the levels that define risk and where we look for trading opportunities. So, where do they stand this morning? The first resistance level in EUR/USD obviously comes at 1.1380 which was yesterday´s high and that´s the reason we opened a sell forex signal there. Above that comes 1.14, 1.1450 which has been a strong resistance during all year last year and 1.15. The support comes at 1.1330 which has provided support in the last three days and 1.13 as strong support. Then comes 1.1285,1.1250 and 1.1220.
The resistance levels in GBP/USD come at 1.4560 which is today´s high, then 1.46 and 1.4650-60 which was yesterday´s peak. The first support level is 1.4510 where we find the 50, 100 and 200 moving averages (MA) in the hourly chart. Below there we can look for buying opportunities at 1,4480 , 1.4450 and 1.44. How about USD/JPY? Well, the first support line comes at 106.70-80 which was today´s low and it provided support on Monday as well during the move up. Then obviously comes 106.30s which is the bottom line of the fall after Friday´s US employment numbers missed the expectations, and ultimately 105.50s. Resistance for this pair comes at 107.30 where we can find the 50 MA, then 107.50 and 108. Keep these levels in mind today.
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