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    Analysis of the foreign exchange market on February 9

    Analysis of the foreign exchange market on February 9 (Figure 1)

    USDX

    Resistance position: 103.50, 103.80/90

    Support Location: 103.25.103.00/10

    Expected intraday 103.00/10 - 103.50/80 regional concussion finishing

    Accidentally breaking 102.95/103 is expected to bottom 102.50/80 area reneged again 103.30/50

    It is expected to maintain a strong shock above 102 this week as a whole, and even if it weakens unexpectedly this week, it may not break near 101.50

    Viewpoint on February 3: It is expected that this month, relying on the support of 101 nearby, repeated shocks will rise to 104.30/105.

    Intraday suggestion: high throw and low suck

    robust

    103.80/90 sell on the high (break 104.10 104.30/50 sell in batches to sell down 104.00 after waiting for 104.30 or more to sell again after 103.80 out), break 103.70 followed by stop loss 103.90, 103.30/50 reduce or change stop loss 103.55, take profit 103.00/20

    103.00/10 buy (below 102.90 is ready to 102.50/80 the more down also buy, plus profit principle 30/50 points out), below 103.00 take profit 103.30/50, otherwise 103.50 reduce or change stop loss 103.35, take profit 103.80)

    Aggressive: 103.00/10 - 103.50/80 both ends high throw low suck

    Strategy tracking:

    EUR/USD :

    Resistance Position: 1.0735, 1.0760/80 (day strength), 1.0800/10

    Support Location: 1.0680/90 (Ultra Short), 1.0650

    Expected to 0650/80-1/80 within the day

    Weekly view on February 6: Expected to maintain a weak shock below 1.0900/50 this week, focusing on support near 1.07

    February 6 Japan's monthly view: This month has been confirmed to be blocked near 1.1030, repeated shocks to fall back near 1.07, and there is a possibility of a sharp drop of 0450/1.0550

    Today's strategy: sell high and buy low, with a preference for selling high

    USDJPY

    Resistance Position: 131.70/80, 132.20/30

    Support location: 130.50/80 (strong support within days)

    Expected to 130.50/80 - 131.70/132 within the day

    The core 131.70/80 in the day, the break is the strong trend of the 132.20/50 area within the day, otherwise it will always remain high near 131.70 and then fall back again after being blocked. Test 130.50/131. 10 area support after a small finishing

    Today's strategy: steady wait-and-see, aggressive high-sell low-buy

    GBP/USD

    Resistance position: 2090/1.2110 (strong resistance during the day), 1.2150, 2190/1.2230

    Support position: 2040/50 (Intraday strength watershed), 1.1960/80

    Choose the direction after repeated shocks in 2040/50-1 2090/1.2110, break 1.2110, pull back near 1.2150 or super strong rebound 2200/30 will inevitably be blocked

    If it breaks 1.1950, the shock will fall by 1880/1.1920

    February 3rd view: short-term bias peaked at 2430/50, pay attention to the support near 1.20, decide whether to fall sharply to hit 1.18, before not breaking the support near 1.20, keep the bottom near 1.20 and repeatedly do not break the support and pull back 1.22 shock expectations

    Today's strategy: sell high and buy low, prefer to sell high

    EUR/JPY

    Resistance position: 141.00/20, 141.50

    Support location: 140.50/60, 140.30, 139.50/80

    Intraday 140.30/50 - 141.00/20 area concussion finishing,

    Unexpected break near 140.30 support weakens impact 139.50/80

    Accidentally broke the resistance near 141.20, it is expected to rise 141.50/60 blocked and fall back near 141.00

    Today's strategy: steady wait-and-see, aggressive step by step

    GBP/JPY

    Resistance position: 158.70/90 (ultra-short, the key to whether it can become stronger within a day), 159.30/80

    Support Location: 158.30 (Ultra Short), 157.50/158

    Intraday 157.50/158 158.70/159 wide oscillation

    The strong trend: 158.30/50 - 159.30/80 broke yesterday's high strong high

    Weak trend: break 158.30 bottomed again 157.50/158 yesterday's low weak shock

    Today's strategy: Steady intraday laggard again, buy dips, aggressive step-by-step setting stop losses, high selling and low buying, fast in and out

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    Disclaimer: The content of this article does not represent the views of the Institute of Foreign Exchange. The content is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.