The levels after the doomsday - Forex News by FX Leaders

The levels after the doomsday

Posted Monday, June 27, 2016 by
Skerdian Meta • 1 min read

Friday was the day when we saw the world change and the major forex pair made some enormous moves. We witnessed them break some very long term levels which makes it difficult to locate the short term support and resistance levels. We´ll have a go at it anyway.

EUR/USD – 1.1080 as first resistance since it was last nights high, then 1.1180 as Friday´s high and 1.1220-30. The support comes at 1.1030s, then 1.990-1.10which was the low overnight and finally 1.10 which was the bottom of Friday´s decline.

USD/JPY – 102.30 was the high last night and a support level on Friday which has turned into resistance. Above that is the high at 103.30 after the steep decline on Friday. The first support level comes at 101.50-60 which is the low so far today. Below it the 100 round number always attracts attention nd then the low from Friday at 109. We´re staying clear from the GBP so let´s concentrate on these two pairs at the moment.

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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