USDJPY Daily Analysis – June 4, 2020

After consolidation, USDJPY broke above 108.08 resistance and extended its upside movement from 105.98 to as high as 109.04. Further rise is still possible after a minor consolidation and next target would be at 110.00 area. Near term support is at 108.40, below this level could bring the price back towards the rising trend line … Continue reading “USDJPY Daily Analysis – June 4, 2020”

GBPUSD Daily Analysis – June 4, 2020

GBPUSD extended its upside movement from 1.2073 to as high as 1.2615 and is now facing 1.2647 resistance, a breakout of this level could trigger further upside movement to 1.2800 area. Near term support is at 1.2475, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour … Continue reading “GBPUSD Daily Analysis – June 4, 2020”

USDJPY Daily Analysis – June 2, 2020

USDJPY moved sideways in a trading range between 106.74 and 108.08. As long as 106.74 support holds, the sideways movement could be treated as consolidation for the uptrend from 105.98, and another rise towards 109.00 could be expected after the consolidation. Key support is at 106.74, a breakdown below this level could take the price … Continue reading “USDJPY Daily Analysis – June 2, 2020”