USD Respects Multiple Major Support and Resistance Levels prior to NFP 2015.04.02
April 02, 2015 04:55
EUR/USD
4 hour
The EUR/USD has multiple strong support (greens) and resistance (reds) levels close by and is unable to break above or below the FOMC daily candle of March 18.
1 hour
The wave X (magenta) could be placed lower if price breaks below the short-term support trend line.
GBP/USD
4 hour
The GBP/USD price action is very corrective and this could last until the NFP event on Friday.
1 hour
The GBP/USD also has multiple strong support (greens) and resistance (reds) levels close by and is unable to break above or below the FOMC daily candle of March 18.
USD/JPY
4 hour
The USD/JPY too has minor and major support and resistance just above and below current price.
1 hour
The wave count is vulnerable to change if price breaks above the resistance (yellow-orange).