Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
USD/JPY rallied yesterday breaking the 132.78 resistance line, now turned to support, and continued higher, aiming for the 133.49 resistance line. Should the bears say enough is enough hand take over, we may see the pair breaking the 130.91 support level.
GBP/USD moved lower this morning breaking the 1.24623 support line, now turned to resistance. The next resistance line is located at 1.2563. Should the selling interest for the pair intensify, we may see cable breaking the 1.2486 support line and aim for the 1.2462 level.
AUD/USD has entered a phase of consolidation below 0.7200 in the European session after witnessing good two-way businesses earlier in the Asian session. The aussie wiped out the early Asian losses and jolted higher after the Reserve Bank of Australia (RBA) delivered a major surprise by hiking the key rates by 0.50% to 0.85% at its June monetary policy meeting. AUD/USD met resistance once again at 0.7249. Alternatively, a sustained break below the 0.7180 psychological level is needed to extend the pullback towards the 0.7150 round figure.
*The information presented above is intended for informative and educational purposes, should not be considered as investment advice, or an offer or solicitation for a transaction in any financial instrument and thus should not be treated as such. Past performance is not a reliable indicator of future results.