YenUSD-JPY @ 88.85/88...Immediate Resistance at 89.00
R: 89.00 / 89.40-65 / 90.30
S: 88.50-30 / 87.70 / 87.30Dollar-Yen is continuing to trade below 89 in between the Support at 88.20-00 region and the Resistance at 89. A strong break above 89, might take it up towards 89.50-75 during the day. Note that the projected Max-High for the day is 89.63. On the other hand, Support is seen in 88.50-30 region. If the immediate Resistace at 89 holds, a break below 88.30 migth pull it down towards 87.70-50
SwissUSD-CHF @ 1.0331/35...Holding Short
R: 1.0350-65 / 1.0430 / 1.0470
S: 1.0300 / 1.0255-30 / 1.0220-00Swiss is trading flat since the US session yesterday in a very narrow range of 1.0310-35. Our view continue to remain the same on the pair as no significant move on either side was not seen. Resistance is seen in 1.0350-65 which we expect to hold as the broader picture continue to remain bearish. However, if it continues to trade above 1.0300 and gains upside momentum, a strong break above this Resistance region (1.0350-65) might increase the chances of further rise towards 1.0450-70 in the coming sessions/days.

On the downside, a break below 1.0300 might pull it down towards 1.0220-00. Remember, the pair traded above 1.0200 most part of the last week.
Holding:
USD 10K Short at 1.0320, SL 1.0410, TP Open
As soon as the market trades 1.0270 bring the SL down to 1.0370

AussieAUD-USD @ 0.9129/33...Mixed
R: 0.9150-60 / 0.9230-50 / 0.9280
S: 0.9064 / 0.9020-00 / 0.8980Aussie has fallen from the high of 0.9166 in the Asian session today and is trading slightly lower now. If it continues to trade lower we might see a downmove towards the Support at the 13-Week-MA (0.9064). As mentioned earlier, this 13-Week-MA is a crucial Support level to watch for on the downside which is holding the pair above 0.9000 over the last couple of weeks. A strong break below this 13-Week-MA might pull it down towards 0.9000-0.8980.

On the other hand Resistance is seen in 0.9150-60 region. If the pair gains upside momentum a strong break above 0.9160 might take it up towards 0.9230-50. Overall the pair is looking mixed now and we may expect it to trade in a range of 0.9000-0.9300 for the rest of the year.

Forex Trader Library
Receive over 15 hours (8 CD's) of our best Forex trading education in one package! Containing the newest Advanced Forex CD, this education pack focuses on exactly what you need to know to become a successful Forex Trader.