The EUR/USD finished the day in the red figures. The euro was declining the whole day and reached the level 1.1150 in early Asia. The resistance is seen at 1.1200, the support stands at 1.1150.
We will keep selling the euro if the pair fixates below 1.1150. However, the pair is oversold and may roll back to consolidate its gains. In this scenario, buyers will lead the price towards 1.1200.
The GBP/USD pair maintained its bearish tone. After short consolidation during the Asian session sellers pushed the price lower. The pound tested the level 1.2600 by the end of trades. The current resistance is seen at 1.2700, the support exists at 1.2600.
A break below 1.2600 may trigger the next leg of the downward move for the pair. Should that level break down sellers will lead the price towards 1.2500. On the other hand, we do not exclude a recovery to 1.2750.
The USD/JPY pair remained in an upward channel. Buyers controlled the market and pushed the price higher above the previous day’s top. The dollar was able to escalate to 104.30. The resistance is at 104.30, the support comes in at 103.50.
If the price does make breakout of the level 104.30 the pair will move towards 104.50. A move below 103.50 will trigger a downtrend.
Read the full review on our site:
Starting from 06 June 2019, FortFS reduces spreads for 4 most popular contracts! From 06 June until 19 July 2019, the 4 most popular contracts spreads will be: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 Good Luck! Fort Financial Services – Citadel of trading
Dreaming of ruling the Forex universe? FortFS will help you realize your dreams! From 06 of May till 07 of June 2019 become the owner of a unique artifact called Alpha Bonus and subdue the financial element!