Intraday Market Outlook Wednesday, June 17 (USD/JPY, EUR/USD, & etc.)

[Zulbahri_GB]

Hi everyone.
Dollar held firm against many of its rivals on Wednesday morning after U.S. retail sales jumped far more than expected in May, while risk-sensitive currencies were hobbled by concerns about the coronavirus and diplomatic tensions in Asia.

[USDJPY]

• Stochastic oscillator value is around 30, approaching an oversold range.
• The MACD is trading below its signal line and negative, the configuration is negative.
• RSI oscillator is steadies around 50 value.

Important Levels to Watch for Today:

• Resistance line of 107.982 and 108.610.
• Support line of 106.555 and 105.995.

[EURUSD]

• RSI oscillator steadies within normal range.
• The MACD is trading above its signal line.
• Dollar held firm against many of its rivals today morning after U.S. retail sales jumped far more than expected.

Important Levels to Watch for:

• Resistance line of 1.1321 and 1.1419.
• Support line of 1.1212 and 1.1146.

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https://goldenbrokers.my/en/daily-market-news-6