Here are some key support/resistance price areas to watch for (breaks/bounces) in the forex market during the upcoming trading week of May 18-22, 2009:
EUR/USD - Support 1.3380 / Resistance 1.3665
USD/JPY - Support 94.50 / Resistance 96.00
GBP/USD - Support 1.5065 / Resistance 1.5350
USD/CHF - Support 1.0975 / Resistance 1.1250
- James Chen, CTA, CMT
* For information on my book, Essentials of Foreign Exchange Trading (Wiley), please click here.
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Any chance of EurJpy major S&R?
i suport the forcast.
Hi Olaiya,
Thanks for your comment!
James Chen
Hi Pete,
Thanks for visiting. I will start posting major S/R for crosses like EUR/JPY soon. Please stay tuned. Thanks, Pete.
James Chen