Here are some key support/resistance price areas to watch for (breaks/bounces) in the forex market during the upcoming trading week of May 4-8, 2009:
EUR/USD - Support 1.3100 / Resistance 1.3385
USD/JPY - Support 96.00 / Resistance 99.75
GBP/USD - Support 1.4700 / Resistance 1.5065
USD/CHF - Support 1.1270/ Resistance 1.1600
- James Chen, CTA, CMT
* For information on my book, Essentials of Foreign Exchange Trading (Wiley), please click here.
* Follow my intraday forex updates on Twitter: http://twitter.com/JamesChenFX
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