Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of April 18, 2022.
Support: 1.0710, 1.0639, 1.0615, 1.0572Resistance: 1.3083, 1.3108, 1.3181, 1.3236AUD/JPYSupport: 136.47, 135.51, 135.13, 134.35Resistance: 1.2635, 1.2675, 1.2753, 1.2778Key Support and Resistance LevelsI had expected the level at, as it acted as both support and resistance alternately during the previous week. Note how such. I was also happy to look for a short trade at this level due to its confluence with a major round number at 0.7500.
, which is often a great time to enter trades in currency pairs and to look for strong reversals. The entry point is marked by the down arrow within the price chart below. This trade has been nicely profitable,based upon the size of the entry candlestick.to test the strategies and strengthen your self-confidence before investing real funds.
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