Tuesday's Major FX Technicals

 | May 06, 2014 05:47AM ET

EUR/USD
Risk reward: 1.78
Trend: Up
Buy at 1.3879 SL 1.3847 TP 1.3936

USD/JPY

Risk reward: 1.59
Trend: Down
Sell at 102.06 SL 102.38 TP 101.55

GBP/USD

Risk reward: 2.06
Trend: Strong Up
Buy at 1.6877 SL 1.6845 TP 1.6943

USD/CHF

Risk reward: 1.53
Trend: Down
Sell at 0.8775 SL 0.8807 TP 0.8726

The current support/resistance levels are:

EUR/USD 1.3815, 1.3793, 1.3758 - 1.3943, 1.3965, 1.4000
USD/JPY 101.47, 101.28, 100.96 - 102.65, 102.84, 103.16
GBP/USD 1.6802, 1.6777, 1.6736 - 1.6952, 1.6977, 1.7018
USD/CHF 0.8713, 0.8694, 0.8664 - 0.8773, 0.8792, 0.8822

*Please note that the daily forecast is sent on time to subscribers only, who receive also updates, evening forecast, news and real time trading signals, from which we have made today so far +100, total yesterday +24 pips, as shown at our web site. © ZIFX.com

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