Daily Support & Resistance

June 2nd 2021

By using point & figure charts we can clearly see the areas of support and resistance closest to the market price.

We use this information to formulate our strategy. Whether we want to buy or sell in range trade, or see clearly when the range is broken.

If we have this information you can trade at the right price entry and exit points, making the right trading decisions. Giving you the edge.

To know more about trading contact support@8dragonstrade.com

MAJOR Pairs

USDJPY

Resistance 109.80 and 110.20

Support 109.30 and 108.90

EURUSD

Resistance 1.2260 and 1.2310

Support 1.2180 and 1.2130

GBPUSD

Resistance 1.4200 and 1.4250

Support 1.4130 and 1.4090

USDCHF

Resistance 0.9030 and 0.9080

Support 0.8940 and 0.8890

COMMODITY CURRENCIES

USDCAD

Resistance 1.2100 and 1.2150

Support 1.2020 and 1.1970

AUDUSD

Resistance 0.7780 and 0.7820

Support 0.7710 and 0.7670

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 0.8680 and 0.8720

Support 0.8610 and 0.8570

GBPJPY

Resistance 155.50 and 156.81

Support 154.80 and 154.20

GBPCHF

Resistance 1.2740 and 1.2790

Support 1.2670 and 1.2620

EURCHF

Resistance 1.1000 and 1.1030

Support 1.0930 and 1.0880

GOLD

Resistance 1910.00 and 1920.00

Support 1896.00 and 1886.00

Analysis from http://www.eightdragonscapital.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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