Daily Support & Resistance

June 4th 2021

Golds big drop yesterday.

Point and Figure charts clearly show traders areas of support and resistance, making trading at key areas easier to understand. when ranges are well defined you know where to enter and exit as these charts make your targets easy to see.

MAJORS PAIRS

USDJPY

Resistance 110.50 and 111.00

Support 109.80 and 109.30

EURUSD

Resistance 1.2170 and 1.2220

Support 1.2110 and 1.2060

GBPUSD

Resistance 1.4150 and 1.4200

Support 1.4090 and 1.4040

USDCHF

Resistance 0.9060 and 0.9110

Support 0.8990 and 0.8940

COMMODITY CURRENCIES

USDCAD

Resistance 1.2140 and 1.2190

Support 1.2050 and 1.2000

AUDUSD

Resistance 0.7700 and 0.7750

Support 0.7640 and 0.7590

NZDUSD

Resistance 0.7190 and 0.7240

Support 0.7120 and 0.7070

CROSS-CURRENCY PAIRS

EURJPY

Resistance 134.20 and 134.70

Support 133.60 and 133.00

EURGBP

Resistance 0.8640 and 0.8670

Support 0.8570 and 0.8540

GBPJPY

Resistance 156.10 and 156.60

Support 155.30 and 154.80

GBPCHF

Resistance 1.2790 and 1.2840

Support 1.2720 and 1.2670

EURCHF

Resistance 1.1000 and 1.1030

Support 1.0930 and 1.0880

GOLD

Resistance 1878.00 and 1888.00

Support 1864.00 and 1854.00

Contact us at support@8dragonstrade.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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