GBP USD

 

GBP traded higher against USD and closed at 1.2527.

GBP/USD - Charts Suggest the 2019 Low Is Vulnerable.

D1 and H4 200 EMA Heads to south.
Broke D1 Ib towards the down side.
Broke the Quarter Support and Month Support.

Series of Lower Lows and Lower Highs.

 

According to the Analysis, pair is expected to find support at 1.24759 and a fall through could take it to the next support level of 1.24252. The pair is expected to find its first resistance at 1.25822, and a rise through could take it to the next resistance level of 1.26378.

 

EUR JPY

 

EUR traded lower against JPY and closed at 121.779.

EUR/JPY: Scope for Retesting 120.82.

D1 and H4 200 EMA Heads to south.
Broke D1 Ib towards the down side.

It's in range but projects towards the down side.

 

According to the Analysis, pair is expected to find support at 121.596 and a fall through could take it to the next support level of 121.414. The pair is expected to find its first resistance at 121.943, and a rise through could take it to the next resistance level of 122.108.

 

Major Economic Events of the Day

Bank of Japan Governor Haruhiko Kuroda will hold a press conference about monetary policies in Tokyo. Mr Kuroda exercises general control over the Bank's business. He is in charge of the Internal Auditors' Office.

 

For Detailed analysis visit XtreamForex YouTube Channel.

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