Showing posts with label reversal. Show all posts
Showing posts with label reversal. Show all posts

EURUSD may find support now?

Strong USD push down the week Euro, now trading at 1.158. As it nearing yesterday low here it also forms a dounle bottom. It could possibly be a double bottom. But without any strong support signal going long could be fatal.
EURUSD 1 hour chart double bottom

Better wait for any strong reversal sign before going for any long position.

USDJPY 119.5 Support Level.

USDJPY 2 day downfall seems to be supported at 119.5. A reversal at this point is a possibility.
USDJPY support at 119.5
A successful reversal means, continues uptrend from earlier support of 101 and may touch 123.00 and beyond.