Analysis of the foreign exchange market on May 17

USDX

Resistance Position: 102.70/90

Support Location: 102.20/30 (day critical support), 101.95/102

During the day, the range was mainly fluctuated, and the bias rose again to the 102.80/103 area and then was blocked and fell back

Even if the accident broke yesterday's low 102.20/30 support weakened, it is expected that the impact of 101.80/102 will rise again above 102.50 shock

It is expected that the range will fluctuate strongly above 101.80/102 this week, and pay attention to the resistance of 102.80/103.

Intraday advice: sell high and buy low, buy low mainly stable:

102.00/05 buy (below 101.95 is ready to buy near 101.80 heavy position, and set stop loss 102.20 after recovery above 102.30 settlement or reduction), otherwise 102.50 near reduction or 102.40 above then change stop loss 102.30, take profit 102.60/80

102.80/90 sell (break 103.00 103.10/30 sell in batches in the area, all fall back 103.70/80 settlement), fall below 102.70 set stop loss 102.80, take profit 102.40

Aggressive: 102.00/20 - 102.70/90 both ends sell high and buy low, which is biased towards bargain buying

Strategy tracking:

EUR/USD

Resistance Position: 1.0870, 0890/1.0900

Support Location: 1.0830/50, 0780/1.0800

It is expected that the 0830/40-1 0890/1.0910 regional shocks will be the main one

Once it breaks 1.0830, it is expected to hit 0780/1.0800, but as long as the short-term is not broken near 1.0790, it is expected to shock back to 1.0850/80 again

Maintain Monday's view: This week's focus on core support near 1.0800, not broken before, retaining expectations for a pullback of 1.0900/50 regional shocks

It is expected to be blocked this week at 1.0950 below repeated shocks, focusing on support near 1.0800, once broken, the short-term test of 0650/1.0750 support

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

USDJPY

Resistance Position: 136.70/90 (key resistance during the day), 137.20/30 (strong resistance this week)

Support position: 136.10/20, 135.60/80 (even if it weakens during the day, it may not be broken)

It is expected that the range will fluctuate mainly during the day, and it is expected to rise slightly again and be blocked.

Today's strategy: sell high and buy low, and prepare to sell on highs after rising again in the day

GBP/USD

Resistance: 1.2500, 2530/50 (key resistance during the day)

Support position: 2440/60 (break the day as a whole yesterday range shock), 2380/1.2400, 1.2330

It is expected that the range will fluctuate during the day and yesterday

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

EUR/JPY

It is expected that the intraday 147.60/90-148.50/80 area will be dominated by shocks, slightly higher after shocks 148.50/80 fall back

It is expected to maintain the repeated fluctuations in the range last week as a whole this week

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

GBP/JPY

Resistance position: 170.50/80 (key resistance during the day, if it breaks, it will strengthen during the day)

Support position: 169.50/80 (key in the day, the next break will be fluctuating in the Friday range in the day), 169.00/30

It is expected that the range will fluctuate repeatedly within the day and yesterday

Intraday strategy: Steady at both ends of yesterday's range, high selling and low buying, fast in and out