Dear colleagues.
For the EUR / USD pair, the price forms the potential for the top of June 21 in correction from the downward trend. For the GBP / USD pair, the price forms the initial conditions for the top of June 21. For the USD / CHF pair, the price is close to lifting the upward structure, which requires a breakdown of 0.9890. For the USD / JPY pair, the price is in correction. The level of 109.46 is the key support. For the EUR / JPY pair, we follow the development of the downward structure from June 13. At the moment, the price is in correction. For the GBP / JPY pair, the noise range of 146.20 - 146.58 is the key support for the downward structure from June 7.
Forecast for June 22:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.1683, 1.1640, 1.1611, 1.1542, 1.1511, 1.1491 and 1.1451. Here, the key goals remain unchanged but it is necessary to note the formation of the potential for the top of June 21 in correction from the downward structure. The continuation of the downward movement is expected after the breakdown of 1.1542. In this case, the target is 1.1511. In the area of 1.1511 - 1.1491 is the consolidation of the price. The potential value for the bottom is the level of 1.1451. Upon reaching this level, we expect a rollback to the top.
Short-term upward movement, as well as consolidation are possible in the area of 1.1611 - 1.1640. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.1683. This level is the key support for the downward movement.
The main trend is the downward cycle from June 7, the stage of deep correction.
Trading recommendations:
Buy: 1.1611 Take profit: 1.1638
Buy 1.1641 Take profit: 1.1680
Sell: 1.1540 Take profit: 1.1511
Sell: 1.1490 Take profit: 1.1453
For the GBP / USD pair, the key levels on the scale of H1 are 1.3441, 1.3395, 1.3326, 1.3281, 1.3225, 1.3191, 1.3143, 1.3097 and 1.3030. Here, the price forms an upward potential for the top of June 21. Short-term upward movement is expected in the area of 1.3281 - 1.3326. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 1.3395. We consider the level of 1.3441 to be a potential value for the upward trend, from which we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.3225 - 1.3191. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.3143. This level is the key resistance for the bottom. Its breakdown will lead to movement towards the level of 1.3097. For the potential value for the bottom, consider the level of 1.3030.
The main trend is the formation of the potential for faiths from June 21.
Trading recommendations:
Buy: 1.3282 Take profit: 1.3324
Buy: 1.3328 Take profit: 1.3395
Sell: 1.3224 Take profit: 1.3192
Sell: 1.3188 Take profit: 1.3147
For the USD / CHF pair, the key levels on the scale of H1 are: 1.0092, 1.0048, 1.0025, 0.9990, 0.9963, 0.9890, 0.9863 and 0.9826. Here, we continue to follow the upward cycle from June 7. At the moment, the price is in correction and forms the potential for a downward movement from June 21. The continuation of the upward movement is expected after the breakdown of 0.9963. Here, the target is 0.9990. The breakdown of this level in turn will allow us to count on the movement of 1.0025. In the area of 1.0025 - 1.0048 is the consolidation of the price. The potential value for the top is the level of 1.0092. The movement towards this level is expected after the breakdown at 1.0050.
Short-term downward movement, as well as consolidation are possible in the area of 0.9890 - 0.9863. The breakdown of the latter value will lead to the development of the downward structure from June 21. In this case, the first potential target is 0.9826.
The main trend is the upward cycle from June 7, the correction stage.
Trading recommendations:
Buy: 0.9965 Take profit: 0.9990
Buy: 0.9992 Take profit: 1.0025
Sell: 0.9890 Take profit: 0.9866
Sell: 0.9860 Take profit: 0.9828
For the USD / JPY pair, the key levels on a scale are: 112.24, 111.90, 111.31, 110.92, 110.69, 110.15, 109.79, 109.46 and 108.91. Here, we continue to follow the formation of the local structure for the top of June 8. At the moment, the price is in correction. The continuation of the upward movement is expected after passing the price range of 110.69 - 110.92. In this case, the target is 111.31. We consider the level 112.24 to be a potential value for the top. After reaching this level, we expect consolidation in the area of 112.24 - 111.90.
Consolidated movement is expected in the range of 110.15 - 109.79. Short-term downward movement is possible in the area of 109.79 - 109.46. The breakdown of the latter value will lead to the development of a downward structure. Here, the potential target is 108.91.
The main trend is a local structure for the top of June 8.
Trading recommendations:
Buy: 110.92 Take profit: 111.30
Buy: 111.33 Take profit: 111.90
Sell: 109.76 Take profit: 109.48
Sell: 109.44 Take profit: 108.95
For the CAD / USD pair, the key levels on the H1 scale are: 1.3454, 1.3400, 1.3340, 1.3260, 1.3219, 1.3159 and 1.3116. Here, we follow the local upward structure of May 31. The continuation of the upward movement is expected after the breakdown of 1.3340. In this case, the target is 1.3400. Near this level is the consolidation of the price. The potential value for the top is the level of 1.3454. From this level, we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.3260 - 1.3219. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.3160. The range of 1.3159 - 1.3116 is the key support for the top.
The main trend is the upward structure of May 31.
Trading recommendations:
Buy: 1.3340 Take profit: 1.3400
Buy: 1.3402 Take profit: 1.3452
Sell: 1.3260 Take profit: 1.3220
Sell: 1.3216 Take profit: 1.3160
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7569, 0.7512, 0.7440, 0.7400, 0.7322, 0.7262 and 0.7216. Here, we continue to follow the downward cycle from June 6. The continuation of the downward movement is expected after the breakdown of the level of 0.7322. Here, the target is 0.7262. In the area of 0.7262 - 0.7216 is the consolidation of the price and from here, we expect a key upward turn.
Short-term upward movement is possible in the area of 0.7400 - 0.7440. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.7512. Initial conditions for the upward cycle is expected to reach 0.7569.
The main trend is the downward cycle from June 6.
Trading recommendations:
Buy: 0.7400 Take profit: 0.7440
Buy: 0.7442 Take profit: 0.7510
Sell: 0.7320 Take profit: 0.7264
Sell: 0.7260 Take profit: 0.7218
For the EUR / JPY pair, the key levels on the scale of H1 are: 129.52, 128.80, 127.80, 126.77, 126.18, 125.08 and 124.15. Here, we follow the development of the downward structure of June 13. Short-term downward movement is expected in the area of 126.77 - 126.18. The breakdown of the last value will lead to a movement towards the level of 125.08. Near this level is the consolidation of the price. The potential value for the bottom is level of 124.15. From this level, we expect a rollback upward.
Short-term upward movement is possible in the area of 127.80 - 128.29. The breakdown of the last value will lead to in-depth correction. Here, the target is 128.80. This level is the key support for the downward structure from June 13. Its breakdown will lead to the development of an upward structure. In this case, the potential goal is 129.52.
The main trend is the downward structure of June 13.
Trading recommendations:
Buy: 127.80 Take profit: 128.25
Buy: 128.32 Take profit: 128.80
Sell: 126.75 Take profit: 126.20
Sell: 126.14 Take profit: 125.15
For the GBP / JPY pair, the key levels on the scale of H1 are: 146.58, 146.20, 145.66, 145.31, 144.47, 143.96, 143.16 and 142.69. Here, the price is at the stage of deep correction and is close to the lifting of the downward structure from June 7, which requires passing the price of the noise range 146.20 - 146.58. The continuation of the downward movement is expected after the breakdown of level 145.01. Here, the first target is 144.47. In the area of 144.47 - 143.96 is short-term downward movement, as well as is the consolidation of the price. The breakdown of 143.95 should be accompanied by a pronounced movement towards the level of 143.16. The potential value for the bottom is the level of 142.69. From this level, we expect a rollback to the top.
Short-term upward movement is possible in the area of 146.58 - 146.20. The breakdown of the latter value will lead to the development of an upward trend. Here, the potential target is 147.28. Near this level is the consolidation of the price.
The main trend is the downward cycle from June 7, the correction stage.
Trading recommendations:
Buy: 146.60 Take profit: 147.25
Buy: 147.32 Take profit: 148.10
Sell: 145.00 Take profit: 144.50
Sell: 144.41 Take profit: 144.00