Intraday Market Outlook Tuesday, June 23 (USDJPY, EURUSD, & etc.)

Zulbahri_GB

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Hi everyone. This observation is made around 3:30 utc.

Stocks in Asia Pacific turned positive in Tuesday morning trade during a turbulent session as White House advisor Peter Navarro clarified that the U.S.-China trade deal is not over.
The firmer sentiment of Wall Street yesterday helped riskier currencies such as the Australian dollar push higher, even as investors saw signs of rising coronavirus outbreaks. AUD rose 0.22% versus the greenback at $0.6920. GBP bounced back to $1.2474, up 0.10% so far on the day, from Monday’s three-week low of $1.2337.

[USDJPY]
  • Stochastic oscillator value is more than 70 indicating that the chart is into the overbought range.
  • RSI oscillator approaching into the overvalued range.
  • MACD is trading above its signal line and positive.
Important Levels to Watch for Today:
  • Resistance line of 107.982 and 108.610.
  • Support line of 106.555 and 105.995.
USDJPY.png


[EURUSD]
  • Stochastic oscillator approaching into the overvalued range.
  • The MACD is trading below its signal line and positive.
Important Levels to Watch for:
  • Resistance line of 1.1321 and 1.1419.
  • Support line of 1.1146 and 1.0998.
EURUSD.png


I also does analysis for some other currencies. Read more on our website on TECHNICAL ANALYSIS and DAILY MARKET NEWS.
 
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