In the kickstart video for June 20, 2024, I take a technical look at the 3 major currency pairs – the EURUSD, USDJPY and GBPUSD.
- EURUSD: The EURUSD held resistance against the 200 hour MA yesterday and again today. That moving average currently comes in at 1.0743. Stay below that level keeps the sellers more control.
- USDJPY: The USDJPY is trading above the highest from last week at 158.248. Stay above that level is more bullish.
- GBPUSD: The GBPUSD is lower after the Bank of England rate decision, but is testing an old swing area floor at 1.2674 – 1.26858. Admittedly last week and this week, the price fell below those levels and each time bounced back higher. On the top side, the 200 bar moving average of the 4-hour chart at 1.2688 is close resistance. Above that the 100 hour moving average 1.2698 will be targeted.
This article was written by Greg Michalowski at www.forexlive.com.
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