Intra-day Trade Ideas

Euro

The 1 hour chart shows a strong resistance at 1.3161 and a strong support at 1.3033.

I would play this range by selling at 1.3160 and buying at 1.3035.

GBP

The 1 hour chart shows a strong resistance at 1.5727, which is also the daily chart Fibonacci level 61.8. Before that, 1.5677 seems to be holding up and on the downside 1.5536 looks like a strong support. I would start with a sell position as sterling seems a little weaker.

I would look to sell at 1.5675 and buy at 1.5538.

Aussie

The Aussie has a strong uptrend on the 4 hour chart, so I would look to start my position with a buy. There seems to be a strong resistance at 0.9489 and a strong support at 0.9328.

I would look to buy Aussie at 0.9330.

USDJPY, I’m a little cautious of, as it’s not moving much and there is still fear of BOJ intervening again. I’d rather keep quiet on this pair until I see a clear direction.