Everyday analysis of USD/JPY for June 22, 2017 888011000 110888 Overview The USD/JPY set has been varying sideways in a tight range considering that yesterday. Inning accordance with the chart, the cost draws bullish pattern, which signs appear on the image; so the rate has to breach 111.75 levels to trigger the positive effect of this pattern, get in a rally and continue the bullish pattern on the intraday and short-term basis. Therefore, we still expect the bullish trend in the upcoming sessions supported by the EMA50. The main awaited target lies at 113.97. Holding above 110.55 levels conditions extension of the expected rise. The anticipated trading variety for today is between the 110.55 assistance and the 112.50 resistance. The material has actually been supplied by InstaForex Business-www.instaforex.com

By | June 22, 2017

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Overview

The USD/JPY pair has been fluctuating sideways in a tight range since yesterday. According to the chart, the price draws bullish pattern, which signs appear on the image; so the price needs to breach 111.75 levels to activate the positive effect of this pattern, enter a rally and continue the bullish trend on the intraday and short-term basis. Therefore, we still expect the bullish trend in the upcoming sessions supported by the EMA50. The main awaited target is located at 113.97. Holding above 110.55 levels conditions continuation of the expected rise. The expected trading range for today is between the 110.55 support and the 112.50 resistance.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Daily analysis of GBP/JPY for June 22, 2017 888011000 110888 Overview The GBP/JPY rate keeps resisting unfavorable pressure settling plainly above the main assistance at 139.10, which increases the chances for restoring the bullish bias in the future. To validate the bullish trend, the price has to breach the moving average 55 at 141.50, reaching preliminary targets at 143.35 and145.45 levels in the approaching duration. Stochastic stability listed below 50 levels will decelerate the bullish attempts in the existing duration. The price is most likely to show more sideways trading till acquiring the needed positive momentum and accomplishing the recommended targets. The expected trading range for today is between 139.40 and 142.20. The material has been offeredby InstaForex Business-www.instaforex.com

By | June 22, 2017

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Overview

The GBP/JPY price keeps resisting negative pressure settling clearly above the main support at 139.10, which increases the chances for regaining the bullish bias in the near future. To confirm the bullish trend, the price needs to breach the moving average 55 at 141.50, reaching initial targets at 143.35 and145.45 levels in the upcoming period. Stochastic stability below 50 levels will decelerate the bullish attempts in the current period. The price is likely to show more sideways trading until gaining the required positive momentum and achieving the suggested targets. The expected trading range for today is between 139.40 and 142.20.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Daily analysis of Gold for June 22, 2017 888011000 110888 Overview The gold cost keeps fluctuating within a tight variety below 1,254.56 levels. Stochastic begins to supply an unfavorable overlapping signal on the four-hour timespan and is likely to assist the price resume the bearish bias with the main target at 1,229.32 in the upcoming sessions. The bearish trend scenario will remain active for today supported by the EMA50. Holding listed below 1,254.56 levels represents a crucial condition for the continuation of the anticipated decrease. The expected trading range for today is in between the 1,229.30 support and the 1,254.00 resistance. The material has been provided by InstaForex Business-www.instaforex.com

By | June 22, 2017

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Overview

The gold price keeps fluctuating within a tight range below 1,254.56 levels. Stochastic begins to provide a negative overlapping signal on the four-hour time frame and is likely to help the price resume the bearish bias with the main target at 1,229.32 in the upcoming sessions. Therefore, the bearish trend scenario will remain active for today supported by the EMA50. Holding below 1,254.56 levels represents an important condition for the continuation of the expected decline. The expected trading range for today is between the 1,229.30 support and the 1,254.00 resistance.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Everyday analysis of Silver for June 22, 2017 888011000 110888 Overview The silver rate traded upwards checking the key resistance at 16.70. Now the rate is holding listed below this level, thus keeping the bearish pattern active in the upcoming sessions. A breach of the discussed level will help the price go back to the primary bullish pattern, which initially target is located at 17.43. You ought to know that a breach of 16.56 and 16.70 levels will stop the suggested unfavorable circumstance and lead the price to regain its main bullish track with upward targets starting at 17.43. The anticipated trading variety for today is in between the 16.20 assistance and the 16.60 resistance.The product has been supplied by InstaForex Business-www.instaforex.com

By | June 22, 2017

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Overview

The silver price traded upwards testing the key resistance at 16.70. Now the price is holding below this level, thus keeping the bearish trend active in the upcoming sessions. A breach of the mentioned level will help the price return to the main bullish trend, which first target is located at 17.43. You should be aware that a breach of 16.56 and 16.70 levels will stop the suggested negative scenario and lead the price to regain its main bullish track with upward targets beginning at 17.43. The expected trading range for today is between the 16.20 support and the 16.60 resistance.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Technical analysis of USD/JPY for June 22, 2017 888011000 110888 USD/JPY target which was forecasted in previous analysis has been struck. The pair retreated from 111.75 (highs of June 20 and 21 )and broke listed below the 20-period moving average. The relative strength index is below its neutrality level at 50. Aslong as 111.45 holds on the advantage, look for a return to 110.85. A break below this level would activate a brand-new decrease to 110.60. Alternatively, if the cost relocations in the opposite direction as forecasted, a long position is suggested above 111.45 with targets at 111.75 and 112.10. Chart Explanation: The black line reveals the pivot point. The present price above pivot point shows the bullish position while the cost below pivot points shows the brief position. The red lines reveal the support levels and the green line suggests the resistance levels. These levels can be utilized toget in and leave trades.Strategy: BUY, Stop Loss: 111.15, Take Earnings: 112.10 Resistance levels: 111.75, 112.10, and 112.50 Assistance levels: 110.85,110.60, and 110.35 The material has been supplied by InstaForex Business-www.instaforex.com

By | June 22, 2017

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USD/JPY target which was predicted in previous analysis has been hit. The pair retreated from 111.75 (highs of June 20 and 21) and broke below the 20-period moving average. The relative strength index is below its neutrality level at 50.

Hence, as long as 111.45 holds on the upside, look for a return to 110.85. A break below this level would trigger a new decline to 110.60.

Alternatively, if the price moves in the opposite direction as predicted, a long position is recommended above 111.45 with targets at 111.75 and 112.10.

Chart Explanation: The black line shows the pivot point. The present price above pivot point indicates the bullish position while the price below pivot points indicates the short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Strategy : BUY, Stop Loss: 111.15, Take Profit: 112.10

Resistance levels: 111.75, 112.10, and 112.50

Support levels: 110.85,110.60, and 110.35

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Technical analysis of USD/CHF for June 22, 2017 888011000 110888 The pair is trading listed below its declining 50-period and 20-period moving averages, which are playing resistance functions and keep the disadvantage bias. The relative strength index is bearish and is calling for an additional downside. To summarize, as long as 0.9750 holds on the upside, a brand-new drop to 0.9700 and even to 0.9680 seems more likely to take place. Graph Explanation: The black line reveals the pivot point, present cost above pivot point suggests the bullish position and below pivot pointsindicates the brief position. The red lines show the assistance levels and the green line suggests the resistance levels. Theselevels can be used to leave and get in trades.Strategy: SELL, Stop Loss: 0.9750, Take Earnings: 0.9700 Resistance levels: 0.9770, 0.9790, and 0.9875 Support levels: 0.97000, 0.9680, and 0.9655 The product has been provided byInstaForex Company-www.instaforex.com

By | June 22, 2017

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The pair is trading below its declining 20-period and 50-period moving averages, which are playing resistance roles and maintain the downside bias. The relative strength index is bearish and is calling for a further downside.

To sum up, as long as 0.9750 holds on the upside, a new drop to 0.9700 and even to 0.9680 seems more likely to occur.

Graph Explanation: The black line shows the pivot point, present price above pivot point indicates the bullish position and below pivot points indicates the short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Strategy: SELL, Stop Loss: 0.9750, Take Profit: 0.9700

Resistance levels: 0.9770, 0.9790, and 0.9875

Support levels: 0.97000, 0.9680, and 0.9655

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Technical analysis of GBP/JPY for June 22, 2017 888011000 110888 GBP/JPY is anticipated to trade with a bearish outlook. Despite the pair’s bounce, it is still trading listed below the crucial resistance at 141.20, which need to limit the upside potential. The relative strength index lacks up momentum. Even though a continuation of technical rebound can not be eliminated, its level should be limited.To conclude, listed below 141.20, try to find a go back to 140.30 as well as to 139.80 in extension. If the cost relocations in the opposite instructions as anticipated, a long position is suggested above 141.20 with targets at 141.75 and 142.30. Chart Explanation: the black line shows the pivot point. The rate above pivot point shows the bullish position and when it is listed below pivot points, it shows the short position. The red lines reveal the assistance levels and the green line suggests the resistance levels. These levels can be utilized to go into and exit trades.Strategy: SELL, Stop Loss: 141.20,Take Revenue: 140.30 and 139.80Resistance levels: 141.75, 142.30, and143.00 Support levels: 140.30,139.80, and 140.35 The material has actually been supplied by InstaForex Business-www.instaforex.com

By | June 22, 2017

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GBP/JPY is expected to trade with a bearish outlook. Despite the pair’s bounce, it is still trading below the key resistance at 141.20, which should limit the upside potential. The relative strength index lacks upward momentum. Even though a continuation of technical rebound cannot be ruled out, its extent should be limited.

To conclude, below 141.20, look for a return to 140.30 and even to 139.80 in extension.

Alternatively, if the price moves in the opposite direction as predicted, a long position is recommended above 141.20 with targets at 141.75 and 142.30.

Chart Explanation: the black line shows the pivot point. The price above pivot point indicates the bullish position and when it is below pivot points, it indicates the short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Strategy: SELL, Stop Loss: 141.20, Take Profit: 140.30 and 139.80

Resistance levels: 141.75, 142.30, and 143.00

Support levels: 140.30,139.80, and 140.35

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

ECB States Eurozone Solid Development Speed To Continue In Q2

By | June 22, 2017

Eurozone’s strong development momentum is set to continue in the second quarter, generally driven by domestic need, and there are signs of an accumulation of pipeline inflationary pressures, the European Reserve bank stated in its latest financial publication launched on Thursday.

“In general, incoming information point to strong development in the 2nd quarter of 2017,” the bank stated.

The 19-nation economy broadened 0.6 percent in the very first 3 months of the year after 0.5 percent in the 4th quarter of 2016.

“The euro area economy has now expanded for four successive years and growth has become significantly resistant as it has actually broadened throughout nations and sectors,” the ECB stated in the report.

“Euro area growth is supported mostly by domestic need, although tailwinds from the external environment have significantly lent assistance to the outlook,” the bank said.

While underlying inflation is yet to show any indication of an upward change, there has actually been a build-up of pipeline pressures at the early stages of production and rates chain, though wage development stays low, the bank stated.

“On the basis of existing oil futures rates, heading inflation is most likely to change around existing levels in the coming months,” the ECB stated.

“Looking through current volatility, underlying inflation has yet to reveal convincing signs of a pick-up and is anticipated to rise only gradually over the medium term.”

On June 8, the Governing Council, led by ECB President Mario Draghi, kept all 3 rates of interest the same for a tenth successive policy session, as policymakers remain unsure whether inflation will move closer to target despite the robust growth.

The ECB Staff had trimmed their inflation projections and raised the growth projections.

The bank kept in mind in the bulletin that the rebound in the euro location real estate markets is significantly supporting growth momentum and the healing is particularly noticeable in labor markets although there is still sizeable slack. The improvement in labor markets is expected to enhance personal usage.

The ECB also expects the recovery in service financial investment to continue to be supported by extremely beneficial funding conditions and extremely accommodative financial policy, among others.

Further, an improved external environment resulted in a rebound in Eurozone export momentum that is expected to continue, the report said.

Though surveys and new export orders in the 2nd quarter suggest sustained export momentum in the near term, risks to trade stay raised, primarily connecting to a boost in protectionism that has the potential to obstruct international development, the ECB stated.

The product has been offered by InstaForex Company – www.instaforex.com

Jonathon Alexander

Taiwan Maintains Secret Rate As Expected

By | June 22, 2017

Taiwan reserve bank left its crucial interest rate the same on Thursday, as extensively anticipated, for the fourth consecutive quarterly conference.

The central bank kept the discount rate at 1.375 percent.

Gareth Leather, a financial expert at Capital Economics, stated rate cuts are not had to support the economy, which is delighting in a strong export-led recovery.

He said the bank is most likely to keep rates of interest the same not simply until the end of this year, however throughout 2018 as well.

The product has been offered by InstaForex Company – www.instaforex.com

Jonathon Alexander

Elliott wave analysis of EUR/JPY for June 22, 2017 888011000 110888 Wave summary: Wave c of the expanded flat wave ii completed at 123.62, simply above the expected 123.43 target. This indicates wave iii now should be establishing for a rally to 133.34 over the coming weeks. Short-term, support at 123.62 should have the ability to secure the drawback for a break above minor resistanceat 124.46 and more significantly above resistance at 124.65 for a rally to a minimum of 127.00 en routegreater to 133.34. R3:124.65 R2: 124.44 R1: 124.22 Pivot: 124.00 S1: 123.88 S2: 123.62 S3: 123.43 Trading suggestion: We purchased EUR at 124.45 and have placed our stop at 123.55. If you are shortly EUR yet, then purchase a break above 124.46 and use the very same stop. The product has actually been supplied by InstaForex Company-www.instaforex.com

By | June 22, 2017

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Wave summary:

Wave c of the expanded flat wave ii completed at 123.62, just above the expected 123.43 target. This means wave iii now should be developing for a rally towards 133.34 over the coming weeks.

Short-term, support at 123.62 should be able to protect the downside for a break above minor resistance at 124.46 and more importantly above resistance at 124.65 for a rally to at least 127.00 on the way higher towards 133.34.

R3: 124.65

R2: 124.44

R1: 124.22

Pivot: 124.00

S1: 123.88

S2: 123.62

S3: 123.43

Trading recommendation:

We bought EUR at 124.45 and have placed our stop at 123.55. If you are not long EUR yet, then buy a break above 124.46 and use the same stop.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander