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    Analysis of the foreign exchange market on February 6

    Analysis of the foreign exchange market on February 6 (Figure 1)

    USDX

    Resistance position: 102.90/103 (key to continued strength during the day), 103.30, 104.00/30, 105.00/50 (strong resistance this month)

    Support position: 102.40/60 (strong day support), 102.00/10, 101.50 (strong week support)

    It is expected to be blocked in the vicinity of 103 within the day, and the overall 102.40/60 supports strong shocks. There is an expectation of strong consolidation after falling back near 103.30

    It is expected to maintain a strong shock above 102 this week. Even if it weakens unexpectedly this week, it may not break near 101.50.

    Viewpoint on February 3: It is expected that this month, relying on the support of 101 nearby, repeated shocks will rise to 104.30/105.

    Intraday advice: Steady bargain buying

    robust

    103.30 close to sell (breaking 102.50 103.80/90 sell down 103.30/50 out and wait for 103.80/104 sell again after 103.50 out), breaking 103.15 followed by stop loss 103.30, 102.80/103 reduce or change stop loss 103.00, take profit 102.60

    Buy near the 102.40/60 area 102.50, (below 102.30, add to buy near 102.10, drop below 102 and be ready to buy more and more), drop below 102.30 and take profit 102.50, otherwise 102.80/90 reduce positions or change stop loss 102.70, take profit 103.20/30)

    Aggressive: 102.60-102/103.00 High selling and low sucking, fast forward and fast out, pay attention to selling high before breaking 1033.10, keep an eye on the profit during the session, set breakeven protection or sell, set stop loss 103.00

    Policy tracking:

    Friday 102.30 and 102.60 did not appear in time around the suggestion 102.50/60 all out and wait and see, and then refer to the day plan operation

    EUR/USD :

    Resistance position: 1.0830/40 (day strength), 1.0870/90

    Support Position: 1.0780 (Ultra Short), 1.0750/60 (If it is broken, it will be weak within the day), 1.0700

    It is expected that the overall blockage will fluctuate weakly below 1.0860/80, and there is an expectation that it will weaken below 1.0790 under repeated sorting below 1.0830

    Weekly view on February 6: Expected to maintain a weak shock below 1.0900/50 this week, focusing on support near 1.07

    February 6 Japan's monthly view: This month has been confirmed to be blocked near 1.1030, repeated shocks to fall back near 1.07, and there is a possibility of a sharp drop of 0450/1.0550

    Today's strategy: selling on highs

    USDJPY

    Resistance position: 132.00/30 (key resistance during the day), 132.80/133 (breaking short-term repeated oscillation to rise 134/135, 137/138)

    Support Position: 130.80 (strong intraday support).130.00 (key of the week), 129.30/50, 128.30/80

    It is expected to maintain a strong shock above 130.80 within the day, and the high school still retains the expectation of repeated shocks and a small drop before breaking 132.30

    Today's strategy: Steady waiting to fall back near 130 and then buying on dips

    GBP/USD

    Resistance Position: 2090/1.2100 (strong resistance during the day), 2150/60, 2220/50 (strong resistance this week), 1.2300

    Supported positions: 1.2030, 1.1990 (intraday unilateral weakening established), 1.1900, 1.1800

    2000/30-1 2090/1.2100 choose the direction after repeated shocks, and then pull back 2150/1.2250 after breaking

    If it breaks 1.2030, it needs to pay attention to 1980/1.2000 regional support. Once the short-term breaks 1.1980, the shock will lower the short-term expectations near 1.18

    February 3rd view: short-term bias peaked at 2430/50, pay attention to the support near 1.200, decide whether to plunge to 1.18, before not breaking the support near 1.20, keep the bottom near 1.20 and repeatedly do not break the support and pull back 1.22/1 area shock expectations

    Today's strategy: sell high and buy low, prefer to sell high

    EUR/JPY

    Resistance position: 142.40/70, 142.90/143 (strong rise this week established)

    Support position: 141.50/80, 141.00 (this week's watershed) 140.00/50

    Day attention 141.60/80 - 142.40/80 up and down breakthrough determines the strength of the day,

    Intra-day 141.00/50 - 142.50/143: 00 Repeated high resistance in regional shocks

    Today's strategy: steady wait-and-see, aggressive high-sell low-buy

    GBP/JPY

    Resistance position: 159.00 (the key to strengthening within the day), 159.30/50, 160.20/50

    Supported positions: 158.50 (intraday watershed), 158.00 (intraday weakening), 157.20/50

    Intraday 158.00/50 - 159.00/50 repeated shocks, the shock is biased to repeated shocks, and it is strongly sorted around 159.30

    Today's strategy: steady wait-and-see or fall sharply after 157.00/50 buy or sell above 160.20 after a sharp rebound, aggressive step-by-step setting stop loss high sell low take

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    Disclaimer: The content of this article does not represent the views of the Institute of Foreign Exchange. The content is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.