Fx Support and Resistance: EUR/USD, USD/JPY

Posted by: : Paul EbelingPosted on: September 24, 2013 Fx Support and Resistance: EUR/USD, USD/JPY

USD/JPY

Tuesday’s support: 98.60 and 98.42 (main). Break brings 98.23 correction is possible, then 98.04, where a correction may come. A break there gives 97.72, on a strong impulse, see 97.38 and 97.14.

Tuesday’s resistance: 99.08 and 99.24 (main), correction possible. A  Break would brings  99.57 a correction can also happen, then 99.98. on a strong impulse see 100.38. Continuation gives 100.83.

 

EUR/USD

Tuesday’s support: 1.3478 (main), correction is possible here. A break gives 1.3466, where correction can also occur, then comes 1.3449. A break result gives 1.3432. On a strong impulse, see 1.3413.

Tuesday’s resistance: 1.3526, 1.3555 and 1.3590 (main). A break there gives 1.3615, where a correction can happen, then to 1.3637. A break there sees 1.3658. On a strong impulse, see 1.3669.

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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.
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