Key Price Levels for GBPUSD, EURUSD, EURJPY, and Gold – June 22 – 26, 2020

Last week started with the dollar showing its intentions – strong. And so we closed the week with a strong dollar.

The early Asian session this week revealed a weaker dollar inclination.

From the fundamental side, we have a calm week with few scheduled news releases.

What’s peculiar this week is the US Bank stress results expected on Thursday.

But for fear of the results rattling the markets banks have been advised to not discuss the impact of the results until the close of trading this week.

If there is a leak we may have an interesting end of week trading.

On the technical side of things, here are the key price levels of the currency pairs we are trading this week.

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Key Price levels this week.


EURUSD June 22-26 forecast

Pivot – 1.12318.

Resistance Levels: 1.13025, 1.13462, 1.13773, 1.14169, 1.14876, 1.15313, 1.16020.

Support Levels: 1.11611, 1.11174, 1.10863, 1.10467, 1.09760, 1.09323, 1.08616


GBPUSD  June 22-26 forecast

Pivot – 1.24591.

Resistance Levels: 1.25902, 1.26711, 1.27287, 1.28021, 1.29332, 1.30141, 1.31451.

Support levels. 1.23281, 1.22472, 1.21895, 1.21161, 1.19851, 1.19042, 1.17731


EURJPY  June 22-26 forecast

Pivot – 120.299.

Resistance levels: 121.348, 121.995, 122.457, 123.044, 124.093, 124.740, 125.789

Support levels: 119.250, 118.603, 118.141, 117.554, 116.505, 115.858, 114.809


Gold  June 22-26 forecast

Pivot – 1730.20.

Resistance levels: 1745.85, 1755.52, 1762.41, 1771.18, 1786.83, 1796.50, 1812.16.

Support Levels: 1714.54, 1704.87, 1697.99, 1689.22, 1673.56, 1663.89, 1648.24

Key Fundamentals this week.

Tuesday, June 23

EUR – French Flash Services PMI
EUR – French Flash Manufacturing PMI
EUR – German Flash Manufacturing PMI
EUR – German Flash Services PMI
EUR – Flash Manufacturing PMI
EUR – Flash Services PMI
GBP – Flash Manufacturing PMI
GBP – Flash Services PMI
GBP – BOE Gov Bailey Speaks
USD – Flash Manufacturing PMI

Thursday, June 25

USD – Core Durable Goods Orders m/m
USD – Durable Goods Orders m/m
USD – Final GDP q/q
USD – Unemployment Claims
USD – Bank Stress Test Results

Friday, June 26

USD – Core PCE Price Index m/m
USD – Personal Spending m/m
USD – Revised UoM Consumer Sentiment

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Final remarks.

Price action is predictable around pivots.

Keep an eye for them for entry and exit opportunities.

If it feels like a lifetime to wait for price to hit these pivot levels.

Then try the daily pivots.

Signup to my mailing list for a free pivot indicator.

Till next week.

Trade responsibly.

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