Webinar: Greek Gaps in Focus- Technical Setups in Play this Week
DailyFX.com -
Talking Points
Weekly DailyFX Scalp Webinar archive covering featured setups
Updated targets & invalidation levels
USDOLLAR Daily
USDOLLAR 30min
Chart Created Using FXCM Marketscope 2.0
Notes: The Sunday open gaped into confluence resistance at 11969 with the pullback now testing former key resistance turned support at 11924/35. The gap has now been filled and we’ll look for a break of this range early in the week for further clarity on our near-term directional bias.
GBPUSD Daily
Notes: Sterling is responding to trendline support extending off the yearly lows with the rally now taking the pair back above the yearly open at 1.5574. Our medium-term focus is higher in the pair while above 1.5470 (bullish invalidation) with a breach above Friday’s high needed to shift the focus higher. Such a scenario targets resistance objectives at 1.54774 & the key 1.5877-1.5940 barrier. Note that we’ll want to see 50-hold support here in daily momentum.
For updates on this scalp and more setups throughout the week subscribe to SB Trade Desk
Key Data Releases this Week
Other Setups in Play:
Key Levels to Know on USD Majors Heading into NFPs and July Trade
Webinar: Greece Charges Euro Gap & Snapback- USDJPY Remains at Risk
USDJPY Runs Into Key Resistance- Short Scalps Favored Sub 124.35
GBPJPY Opening Range Setup- Long Scalps Vulnerable Sub 195.50
---Written by Michael Boutros, Currency Strategist with DailyFX
Follow Michaelon Twitter @MBForex,contact him at mboutros@dailyfx.com or Click Here to be added to his email distribution list
Join Michael for Live Scalping Webinars on Mondays on DailyFXat 12:30 GMT (8:30ET)
Interested in learning about Fibonacci? Watch this Video
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.