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EURUSD Daily Forecast: June 22

EURUSD Forecast
The EURUSD attempted to push lower yesterday, bottomed at 1.1508 but whipsawed to the upside and closed higher at 1.1602. We have a broadening formation as you can see on my H1 chart below which suggests a potential bullish move targeting point 3. The bias is bullish in nearest term testing 1.1670 – 1.1725 region. Overall I still prefer a bearish scenario but need a clear break below 1.1520/00 region to resume the bearish phase targeting 1.1450 or lower.

GBPUSD Daily Forecast: June 22

GBPUSD Forecast
The GBPUSD attempted to push lower yesterday bottomed at 1.3102 but whipsawed to the upside and closed higher at 1.3237. The bias is bullish in nearest term testing the upper line of the bearish channel as you can see on my H4 chart below, located around 1.3300 region which is a good place to sell with a tight stop loss. Immediate support is seen around 1.3205 area. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish phase remains alive and kicking testing 1.3150/00 region.

USDJPY Daily Forecast: June 22

USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 110.75 but whipsawed to the downside and closed lower at 109.95. The bias is bearish in nearest term testing 109.50 area but note that price is still in a bullish phase since bounced-off 108.10 key support. Immediate resistance is seen around 110.25. A clear break above that area could lead price to neutral zone in nearest term retesting 110.75. On the upside, key resistance remains around the upper line of the bearish channel as you can see on my daily chart below located around 111.85 which is a good place to sell.

USDCHF Daily Forecast: June 22

USDCHF Forecast
The USDCHF had a bearish momentum yesterday slipped below 0.9915/00 key support area as you can see on my H1 chart below. This is a serious threat to the bullish phase. The bias is bearish in nearest term especially if price able to stay consistently below 0.9900 testing 0.9850 region. Immediate resistance is seen around 0.9935. A clear break above that area could lead price to neutral zone in nearest term and keep the bullish phase alive and kicking retesting 0.9980 key resistance area.

EURUSD Daily Forecast: June 21

EURUSD Forecast
The EURUSD was indecisive yesterday. Price is still trapped inside a range area between 1.1620 – 1.1530 as you can see on my H1 chart below. Overall I remain bearish but need a clear break below 1.1530 to resume the bearish scenario testing 1.1450 region. The bias is neutral in nearest term probably with a little bearish bias retesting 1.1530. On the upside, 1.1620 remains a key short-term resistance. A clear break and daily close above that area would be a serious threat to the current bearish phase.

GBPUSD Daily Forecast: June 21

GBPUSD Forecast
The GBPUSD was indecisive yesterday. Price attempted to push higher topped at 1.3216 but closed lower at 1.3168. The bias remains bearish in nearest term especially if price able to make a clear break below 1.3150 testing 1.3100 region. Immediate resistance is seen around 1.3216 area. A clear break and daily close above that area could trigger further bullish pullback testing 1.3270 – 1.3300 region which is a good place to sell with a tight stop loss. On the downside, a clear break and daily close below 1.3100 would expose 1.3000 region.

USDJPY Daily Forecast: June 21

USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 110.45 and hit 110.64 earlier today in Asian session. The bias is bullish in nearest term testing 111.00 region as a part of the bullish phase since bounced-off 108.10 support level. Immediate support is seen around 110.32 (current low). A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear. On the upside, a clear break and daily close above 111.00 would retest the upper line of the bearish channel located around 111.85 (the value of the upper line of a bearish channel gets lower over time).

USDCHF Daily Forecast: June 21

USDCHF Forecast
The USDCHF had a bullish momentum yesterday topped at 0.9982 but closed a little bit lower at 0.9961. The bias is bullish in nearest term but note that we need a clear break above 0.9980 to resume the bullish phase retesting 1.0055 region. Immediate support is seen around 0.9945. A clear break below that area could lead price to neutral zone in nearest term testing 0.9915/00 support area which remains a good place to buy with a tight stop loss as a clear break below that area would invalidate the bullish phase.

EURUSD Daily Forecast: June 20

EURUSD Forecast
The EURUSD failed to continue its bullish momentum yesterday. Price attempted to push lower, bottomed at 1.1530 but closed a little bit higher at 1.1587. The bias is neutral in nearest term probably with a little bearish bias as we may have a false breakout bearish scenario retesting 1.1520 as a part of the bearish phase since broke below the trend line support as you can see on my H1 chart below. Immediate resistance is seen around 1.1620. A clear break and daily close above that area would be a threat to the bearish phase testing the H1 EMA 200 located around 1.1665 region. On the downside, a clear break and daily close below 1.1520 would expose 1.1450 area.

GBPUSD Daily Forecast: June 20

GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday, bottomed at 1.3150. The bias remains bearish in nearest term testing 1.3100 area. Immediate resistance is seen around 1.3215. A clear break above that area could lead price to neutral zone in nearest term testing 1.3250 region but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell. On the downside, a clear break and daily close below 1.3100 would expose 1.3000 psychological support area.

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