ThinkMarkets - Analytics


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    A major overview: Key levels for USD crosses

    Matt Simpson of ThinkForex takes a technical look at JPY, CAD, EUR and NZD following the abrupt greenback sell-off post-NFP. 


    Resistance 3:   128.18 Near mothly pivot, 23/05 low
    Resistance 2:   108.22 Weekly pivot, 12/05 low, 61.8% retracement
    Resistance 1:   107.50 Near 38.2% retracement, 11/04 low
    USDJPY   107.21  
    Support 1:   107.00 Round number, monthly S1
    Support 2:   106.36 NFP' low, near 06/05 low
    Support 3:   105.50 Historical Pivotal S/R, initial H&S top target from 125.85 high

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