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Analytics 08.07

EUR/USD

EUR / USD traded lower on Friday, dropping to $ 1.1205 and closed the day, around $ 1.1225.  Today, the pair is trading in a range ($ 1.1215-30), slightly above Friday's low.  EUR / USD is below the MA (200) H1 moving average line, and has fallen below the MA (200) H4, thereby signaling the transition to bearish control.  In this situation, it is worthwhile to start to adhere to the southern direction in trade, and look for entry points to sell for the formation of a correction.

 

  Resistances are located at $ 1.1315-1.1285, $ 1.1390-1.1410, $ 1.1445

  Support levels are located at: $ 1.1205-1.1180, $ 1.1105, $ 1.1075

 

  USD / JPY

The pair USD / JPY on Friday traded with growth, reaching a maximum on June 19 (Y108.65), however, it closed the day a little down, around Y108.45.  Today, the pair is trading in the range (Y108.40-60), slightly below Friday's high.  USD / JPY has risen above the MA (200) H1 moving average line, however, on the four-hour chart, it is testing the MA (200) H4 line.  If the pair consolidate above these levels, it is possible to form a new uptrend.

  Resistances are found at: Y108.65-80, Y109.95, Y110.65

  Support levels are located at: Y107.90, Y107.50, Y106.75