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GBP/USD: plan for the American session on June 23

Post by on June 23, 2020

To open long positions on GBPUSD, you need: Good data on business activity in the UK manufacturing sector and a practical return to the territory of 50 points of the index for the services sector became a driver for the strengthening of the British pound in the first half of the day. If you look […]

EUR/USD: plan for the American session on June 23

Post by on June 23, 2020

To open long positions on EURUSD, you need: Good data on business activity in the Eurozone countries led to a rise in the European currency this morning, which I drew attention to in my morning forecast. If you look at the 5-minute chart, you will see how the bulls achieved a breakout and consolidation above […]

Asian stocks rise

Post by on June 23, 2020

This morning, stock markets in the Asia-Pacific region showed the growth that followed after yesterday’s uncertainty. Moreover, in some sectors, it even turned out to return to the previous positions which were lost after the decline. This time, the reason for the enthusiasm was the statement by the trade adviser Peter Navarro and the US […]

AUDUSD remains inside bullish channel targeting 0.7150

Post by on June 23, 2020

AUDUSD remains in a bullish trend as price continues to make higher highs and higher lows. AUDUSD has so far respected the bullish channel it started back early April. Price is now targeting the upper channel boundary around 0.7150. Blue lines – bullish channel AUDUSD is ready to make a new higher high towards 0.7150. […]

Technical Analysis – EURCHF exhibits signs for continued consolidation

Post by on June 23, 2020

EURCHF found a foothold at the 1.0635 level, that being the 23.6% Fibonacci retracement of the down leg from 1.1058 to 1.0504. The pair was unable to sustain the correction that extended above the 200-day simple moving average (SMA) and as such currently demonstrates weak directional signals, something also reflected within the Ichimoku lines. Although […]

Technical Analysis – AUDJPY pulls back, but uptrend still in play

Post by on June 23, 2020

AUDJPY retreated recently after touching a one-year high near 76.80, but the pair found fresh buy orders at 72.70 and rebounded again. The structure of higher highs and higher lows on the daily chart remains intact, and the price is still trading above a three-month upside support line. If the 50-day simple moving average (SMA) […]

AUD/USD Challenges Dynamic Resistance! Reversal or Continuation?

Post by on June 23, 2020

AUD/USD is pressuring a strong and critical resistance line after the failure to confirm a short term reversal. It is trading at 0.6924 level and it maintains a bullish outlook even if AUD/USD has escaped from a down channel. The next few hours could be crucial for the USD, which could resume its depreciation if […]

Tensions between the German court and the ECB may de-escalate

Post by on June 23, 2020

Bond yields in the eurozone are falling, in the hopes of a de-escalation between the German court and the ECB. Italy also reduced the cost of borrowing in the eurozone, as the changes in the German Supreme Court could lead to a decrease in confrontation with the European Central Bank. The current rift between the […]

EUR/USD and GBP/USD: Demand for risky assets returned after the resignation of Andreas Vosskuhle and the lifting of quarantine

Post by on June 23, 2020

Demand for the euro and the pound increased due to the resignation of Andreas Vosskuhle, president of the Federal Constitutional Court of Germany. Bulls took advantage of the news, as well as the removal of a number of quarantine restrictions in the UK. Meanwhile, in the US, the White House released contradicting statements, as adviser […]

Trading recommendations for GBP/USD pair on June 23

Post by on June 23, 2020

From the point of view of complex analysis, you can see a rebound from the average level, which means that everything is going according to a previously set plan. Now, let’s talk about the details. The past trading day led to a rational pullback in the market, after a rapid downward movement in the course […]

Analysis and forecast for GBP/USD on June 23, 2020

Post by on June 23, 2020

Good day, dear traders! Taking advantage of the weakness of the US dollar and the propensity of market participants to take risks, the British pound rose against the US currency on June 22. However, more on this later in the technical part of the review. In the meantime, a little on the subject of COVID-19, […]

Instaforex Daily Analysis – 23rd June 2020

Post by on June 23, 2020

Today we take a look at and see GBPJPY how we are going to play the bounce! We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today! The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Hot forecast and trading recommendations for EUR/USD… June […]

EUR/USD Continuation Pattern Violated!

Post by on June 23, 2020

EUR/USD rallies and seems determined to reach new highs in the short term after the price has escaped from a minor Falling Wedge pattern. I said in yesterday’s analysis that EUR/USD could come back higher if the price confirms the continuation pattern. It seems that the correction has ended after EUR/USD false breakdown below the […]

GBPJPY reversing below descending trendline resistance!

Post by on June 23, 2020

Trading Recommendation Entry: 133.966 Reason for Entry: 50% Fibonacci retracement, Descending trendline resistance. Take Profit: 131.690 Reason for Take Profit: Graphical swing low Stop Loss: 135.227 Reason for Stop Loss: 76.4% Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:GBPJPY reversing below descending trendline resistance! June 23, 2020 Trading RecommendationEntry: […]