April 25 Foreign Exchange Market Analysis

USDX

Resistance Position: 101.50/60

Support Location: 101.00/10, 100.80

Expected 100.90/101-101.50/60 weakness in the region

Intraday recommendation: Buy dips below 101.10

Robust:

Aggressive: 100.80/101 10-101.60 High Throw Low Suck

101.00/10 buy (if you break 101.00, you will consider 100.80/90 buy, and the increase part 101.20/30 settled), near the 101.50/60, after the take profit, you can buy again around 101.10.

Strategy tracking:

EUR/USD :

Resistance Position: 1.1060/80 (if it breaks, it will strengthen during the day), 1.1110 (if it breaks, the short line points to 1180/1.1250)

Support Locations: 1.1020

It is expected to maintain a shock above 1.1020 within the day. Before paying attention to 1.1100/10 not breaking, there is an expectation that local highs will be strong and then sorted out.

Strategy of the day: sell high and sell low, follow the stop loss and sell high

USDJPY

Resistance position: 134.30, 134.70/80

Support location: 133.50/70, 132.80/133 (strong support this week)

It is expected that the range will fluctuate during the day, and it will test the 133.50/80 area support again. Special attention will be paid to the expectation that once the 133.50 is broken, the 132.50/133 area will be tested this week

Today's strategy: sell high and buy low, fast in and out, and sell high

GBP/USD

Resistance position: 2530/50, 1.2580 (if it breaks, it will test above 1.2650 this week)

Support location: 2460/70, 2410/30

It is expected that repeated shocks will rise during the day, focusing on the resistance of 2540/70, and once it is effectively broken, it will test the expectations of 2650/1.2750 this week

Today's strategy: sell high and buy low, fast in and out, bias up before breaking 1.2520, buy on the low

EUR/JPY

Resistance position: 148.50, 148.80/149 (there is an expectation towards 150)

Support Location: 147.80/148, 147.00/50

147.80/148 148.50/80 up and down breakthrough determines the strength, biased to repeated shocks

Even if it is blocked near 148.50 during the day, as long as 147 does not break, the short-term follow-up will still maintain the trend of rising again after repeated shocks

Today's strategy: sell high and buy low, fast in and out, and prefer to buy dips

GBP/JPY

Resistance position: 167.80, 168.00/10 (the break will be strong within the day), 168.40/60, 169.00/30

Support Location: 167.20/40, 166.50/80

167.00/30 -16780/168.10 Break up and down to determine the strength, after repeated shocks in the biased area, break up strongly and shock up

Day strategy: sell high and buy low, prefer to buy low

Tuesday, April 25, 2023 at 08:12