GBP/USD is showing some signs of being medium term Bullish. Therefore, I have charted some far away resistance areas, which seems the safer play when cable is in this type of mood.
NZD/JPY is very interesting, so I thought I would include it in the DecaPip column today. With the Reserve Bank of New Zealand’s long-awaited interest rate announcement, this pair should have significant movement before and after Wednesday’s event risk.
DecaPip Daily: June 10th, 2015
GBP/USD
- Resistance 1.5540
- Support 1.5315
NZD/JPY
- Resistance 1 89.50
- Resistance 2 90.60
- Support 1 87.90
- Support 2 86.50