USDJPY trend analysis Monday, June 28

USDJPY trend analysis Monday, June 28

The short-term trend of the US dollar against the Japanese yen(USDJPY) is neutral. As long as 109.70 support holds its position, we can expect another uptrend. With the break of 111.10, the key resistance of 111.71 will be the next target of the USDJPY. The break of this resistance could trigger a deep uptrend and move the market to the estimated 61.8% Fibonacci at 112.64. However, from the traders' point of view, if the pair crosses below the support of 109.70, the short-term trend of USDJPY will decline to the support of 107.47.

 

 

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Weekly Analysis: Will USDJPY reach the bottom of the downtrend channel?

USDJPY Thursday, February 11

USDJPY currency pair trend

 

GBPUSD trend analysis Friday, June 25

GBPUSD trend analysis Friday, June 25
The pound is involved in long-term resistance

The GBPUSD weekly chart has returned above the 20-day moving average and is facing selling pressures from the broken support line. The GBPUSD daily chart is also under pressure from $ 1,3961 and may fall to support at $ 1,3678. In the four-hour GBPUSD chart, the British pound has returned to support at $ 1.39. This trend rate is consistent with Fibonacci levels. Intensifying sell-offs could push the euro to its first support at $ 1,3859 and then to $ 1,3812.

But if the British pound jumps from current levels, it will face resistance at $ 1.4011 and the next resistance of the pound will be $ 1.4069.