Outlook on June 28:
Analytical overview of popular currency pairs on the H1 chart:
The key levels for the EUR/USD pair are 1.2044, 1.2002, 1.1976, 1.1924, 1.1874, 1.1834, 1.1807, 1.1766, 1.1741 and 1.1688. The price has been moving in a downward trend since June 9, but it is currently in a correction stage. We expect it to continue its decline after the level of 1.1874 is broken. The first target is set at 1.1834. After that, a short-term decline in the 1.1834 - 1.1807 range may occur. If the last value is broken, strong movement will continue to the target of 1.1766. This can be followed by a price consolidation in the range of 1.1766 - 1.1741. The final potential downward target is 1.1688. After reaching it, an upward pullback is possible.
In turn, short-term growth and consolidation are expected in the range of 1.1924 - 1.1976. If the latter is broken, the upward cycle on the H1 chart will develop. The target is 1.2002. A potential upward target is 1.2044. After reaching it, strong initial conditions for an upward trend will form.
The main trend is the local downward trend from June 9, correction stage.
Trading recommendations:
Buy: 1.1940 Take profit: 1.1976
Buy: 1.1976 Take profit: 1.2002
Sell: 1.1874 Take profit: 1.1835
Sell: 1.1806 Take profit: 1.1767
The key levels for the GBP/USD pair are 1.4075, 1.4049, 1.3993, 1.3971, 1.3915, 1.3879, 1.3858, and 1.3823. The price has been moving in a bullish trend since June 21. We expect this trend to continue after the range of 1.3971 - 1.3993 is broken. The target is set at 1.4049. The ultimate potential upward target is 1.4075, After reaching it, the price may consolidate and pull back downwards.
The price may consolidate in the 1.3915 - 1.3879 range. The key support for growth is the range of 1.3879 - 1.3858, whose breakdown will encourage the development of a downward movement. The first target is 1.3823.
The main trend is the upward trend from June 21.
Trading recommendations:
Buy: 1.3995 Take profit: 1.4048
Buy: 1.4051 Take profit: 1.4075
Sell: 1.3858 Take profit: 1.3825
Sell: 1.3821 Take profit: 1.3785
The key levels for the GBP/USD pair are 1.4075, 1.4049, 1.3993, 1.3971, 1.3915, 1.3879, 1.3858, and 1.3823. The price has been moving in a bullish trend since June 21. We expect this trend to continue after the range of 1.3971 - 1.3993 is broken. The target is set at 1.4049. The ultimate potential upward target is 1.4075, After reaching it, the price may consolidate and pull back downwards.
The price may consolidate in the 1.3915 - 1.3879 range. The key support for growth is the range of 1.3879 - 1.3858, whose breakdown will encourage the development of a downward movement. The first target is 1.3823.
The main trend is the upward trend from June 21.
Trading recommendations:
Buy: 1.3995 Take profit: 1.4048
Buy: 1.4051 Take profit: 1.4075
Sell: 1.3858 Take profit: 1.3825
Sell: 1.3821 Take profit: 1.3785
The key levels for the USD/JPY pair are 111.94, 111.61, 111.21, 110.97, 110.57, 110.38, and 110.13. The price has been moving in a local upward trend since June 21. Thus, we expect a short-term growth in the range of 110.97 - 111.21. If the last value is broken, strong growth will continue to the target of 111.61. The final potential upward target is 111.94. After reaching it, the price may consolidate and pull back downwards.
On the other hand, a short-term decline is likely in the range of 110.57 - 110.38. If the latter breaks down, a deep correction will occur. The target is set at 110.13, which is also the key support level.
The main trend is the local upward trend from June 21.
Trading recommendations:
Buy: 110.98 Take profit: 111.20
Buy: 111.24 Take profit: 111.60
Sell: 110.57 Take profit: 110.40
Sell: 110.36 Take profit: 110.15
The key levels for the USD/CAD pair are 1.2420, 1.2375, 1.2350, 1.2298, 1.2246, 1.2206, and 1.2162. We are watching the formation of the initial conditions for the downward trend of June 21. We expect this trend to resume after the level of 1.2298 is broken. The target is set at 1.2246. After that, a short-term decline and consolidation are possible in the range of 1.2246 - 1.2206. The final potential downward target is 1.2162. After reaching it, an upward pullback can be expected.
Meanwhile, short-term growth can be expected in the range of 1.2350 - 1.2375. If the level of 1.2375 is broken, a deep correction will occur. The target is set at 1.2420, which is also the key support level.
The main trend is the formation of initial downward conditions from June 21.
Trading recommendations:
Buy: 1.2350 Take profit: 1.2375
Buy: 1.2377 Take profit: 1.2420
Sell: 1.2297 Take profit: 1.2248
Sell: 1.2245 Take profit: 1.2208
The key levels for the AUD/USD pair are 0.7663, 0.7646, 0.7625, 0.7603, 0.7564, 0.7541, 0.7514 and 0.7479. The price has been moving in an upward trend since June 18. In this case, we expect a short-term growth in the range of 0.7603 - 0.7625. The final potential upward target is 0.7663. After reaching it, the price may consolidate in the range of 0.7646 - 0.7663.
A downward correction is expected in the 0.7564 - 0.7541 range. If the latter is broken, a deep correction will follow. The target is set at 0.7514, which is also the key support level.
The main trend is the upward trend from June 18.
Trading recommendations:
Buy: 0.7603 Take profit: 0.7623
Buy: 0.7626 Take profit: 0.7646
Sell: 0.7564 Take profit: 0.7542
Sell: 0.7539 Take profit: 0.7515
The key levels for the EUR/JPY pair are 133.64, 133.16, 132.67, 132.45, 131.87, 131.65, and 131.32. The price has been moving in a bullish trend since June 21. In this case, we expect a short-term growth in the range of 132.45 - 132.67. If the latter is broken, strong growth will resume to the target of 133.16. The price may consolidate around it. The ultimate potential upward target is 133.64. After reaching it, a downward pullback will occur.
As an alternative, a short-term decline can be expected in the range of 131.87 - 131.65. If the last value is broken, a deep correction will occur. The target is set at 131.32, which is also the key support level.
The main trend is the upward trend from June 21.
Trading recommendations:
Buy: 132.68 Take profit: 133.14
Buy: 133.17 Take profit: 133.64
Sell: 131.87 Take profit: 131.66
Sell: 131.64 Take profit: 131.33
The key levels for the GBP/JPY pair are 156.30, 155.56, 155.22, 154.69, 153.75, and 153.13. The price has been moving in an upward trend since June 21. We expect this trend to continue after the level of 154.70 is broken. The first target is set at 155.22. After that, short-term growth is likely in the 155.22 - 155.56 range. If the latter is broken, the movement will extend to a potential target of 156.30, from which a pullback into correction can be expected.
The key support is the level of 153.75. The price breaking through it will lead to the development of a downward trend. The target is set at 153.13, but before it, we expect the formation of strong initial conditions for the downward trend.
The main trend is the upward trend from June 21, correction stage.
Trading recommendations:
Buy: 154.70 Take profit: 155.22
Buy: 155.22 Take profit: 155.54
Sell: 153.75 Take profit: 153.19
Sell: Take profit: