Daily Support & Resistance

May 31st 2021

It is important to recognize where market support and resistance can be found, it is the building block of a traders entry and exit strategy.

MAJORS

USDJPY

Resistance 110.10 and 110.60

Support 109.40 and 108.90

EURUSD

Resistance 1.2210 and 1.2260

Support 1.2140 and 1.2090

GBPUSD

Resistance 1.4220 and 1.4270

Support 1.4150 and 1.4090

USDCHF

Resistance 0.9020 and 0.9070

Support 0.8940 and 0.8890

COMMODITY CURRENCIES

USDCAD

Resistance 1.2100 and 1.2150

Support 1.2030 and 1.1980

AUDUSD

Resistance 0.7730 and 0.7780

Support 0.7670 and 0.7620

NZDUSD

Resistance 0.7280 and 0.7320

Support 0.7220 and 0.7170

CROSS-CURRENCY PAIRS

EURJPY

Resistance 134.10 and 134.60

Support 133.40 and 132.90

EURGBP

Resistance 0.8630 and 0.8680

Support 0.8570 and 0.8520

GBPJPY

Resistance 156.10 and 156.80

Support 155.30 and 154.60

GBPCHF

Resistance 1.2780 and 1.2830

Support 1.2720 and 1.2670

EURCHF

Resistance 1.0990 and 1.1030

Support 1.0930 and 1.0880

GOLD

Resistance 1912.00 and 1922.00

Support 1898.00 and 1888.00

Contact Support@8dragonstrde.com

Published by Neil Callard

Forex Trader and Educator. 30 years trading experience, of which 20 years was market making in major currencies in large international financial institutions.

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