Today is Monday the 11th of July as we approach the middle of the month, so it´s a new week and new levels. Or are they the same old ones? Well, EUR/USD pair is little changed from last Friday so the support and resistance levels remain the same at 1.10, 1.0950, 1.09 and 1.08 on the downside and 1.1050 as first line of resistance where we opened a sell forex signal last night which hit take profit this morning and 1.1120.
USJ/JPY is another story. It has surged nearly 200 pips from the lows last Friday and is now sitting near the 102 level. The first batch of sell orders which form the first line of resistance are ar 102.00-10, then 102.80 and 103. Buy orders and support levels come at 101.70 where we can find the 100 moving average and then 101 and 100.50.
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