Support: 1.0710, 1.0639, 1.0615, 1.0572Resistance: 1.3141, 1.3195, 1.3273, 1.3316AUD/JPYSupport: 127.42, 125.66, 125.05, 124.24Resistance: 1.2753, 1.2795, 1.2901, 1.2959Let us see how trading reversals from one of last week’s key levels could have worked out:I had expected the level at 0.
7439 might function as resistance, as it had acted previously as both support and resistance. Note how these “flipping” levels can work well. The H1 chart below shows how the price rejected this level with annear the start of last Monday’s Tokyo session , marked by the down arrow in the price chart below. This trade has been very profitable, achieving a maximum positiveThat is all for this week.
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