ASIAN SESSION
A) CALENDAR
-No Press Releases
B) SUPPORT-RESISTANCE
EURO/USD USD/JPY GBP/USD
R3 1.4180 116.05 2.0250
R2 1.4160 115.85 2.0235
R1 1.4120 115.55 2.0210
S1 1.4070 115.25 2.0165
S2 1.4045 114.95 2.0135
S3 1.4015 114.65 2.0115
C) WATCH
-Interest Rates
D) TRADING TIPS
It is important to remember that the scale of the stochastics ranges from 0 to 100. As the %K line reaches the extremes of the scale, it should not be interpreted to mean that the currency will necessarily reverse in the immediate period. The currency will indeed reverse, but it may do so at any time between the next day and the next several days (in a case of a daily chart). This is important to remember, since most traders have loss-limit constraints that may
inadvertently be triggered in the very short run. The correct price reaction, even a day later, may offer little comfort and sympathy.