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”

AUDUSD Daily Analysis – June 1, 2020

After consolidation, AUDUSD broke above 0.6680 resistance and extended its upside movement from 0.6401 to as high as 0.6742. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.6850 area. Key support is at 0.6567, … Continue reading “AUDUSD Daily Analysis – June 1, 2020”