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GBP/JPY Price Forecast: Extends rally to 196.60, eyes on 197.00
GBP/JPY Price Forecast: Extends rally to 196.60, eyes on 197.00
The GBP/JPY recovers and rallies for the second straight day, is up 0.43%, trades at 196.59, shy of reclaiming the 197.00, poised to finish the week with gains of over 0.40%. Market mood remains sour, but it was not an excuse for buyers to lift the cross-pair to fresh three-day highs.
GBPJPY
Technical Analysis
Currencies
Crosses
USDJPY: Bulls advance toward 61.8 % retracement barrier
USDJPY: Bulls advance toward 61.8 % retracement barrier
Shallow dips find buyers as pair eyes a decisive break above 146.76
JPY
USD
EUR/USD jumps as Trump holds fire on Iran, Waller fuels cut bets
EUR/USD jumps as Trump holds fire on Iran, Waller fuels cut bets
The Euro recovers some ground against the US Dollar on Friday and is set to finish the week virtually flat as risk appetite deteriorates. This is taking place despite US President Donald Trump delaying a military intervention in the Israel–Iran conflict.
Fundamental Analysis
Technical Analysis
EURUSD
Majors
SEO
Silver Price Forecast: XAG/USD extends decline as safe-haven flows ease
Silver Price Forecast: XAG/USD extends decline as safe-haven flows ease
Silver (XAG/USD) remains under pressure for a third day in a row on Friday, retreating further after US President Donald Trump announced he would hold off for two weeks before deciding whether the US should step into the escalating Iran–Israel standoff.
XAGUSD
Silver
Technical Analysis
Gold drops as Trump pulls back from Iran strike as hostilities continue
Gold drops as Trump pulls back from Iran strike as hostilities continue
Gold price trades flat on Friday and is poised to end the week with a nearly 1.90% loss, after US President Donald Trump delayed taking military action against Iran, opting instead for a diplomatic solution. At the time of writing, XAU/USD trades at $3,369, down 0.11%.
Gold
XAUUSD
Technical Analysis
Fundamental Analysis
SEO
AUD/USD dips as Trump delays Iran decision, US Dollar strengthens on policy divergence
AUD/USD dips as Trump delays Iran decision, US Dollar strengthens on policy divergence
The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) on Friday, with AUD/USD trading near 0.6480 at the time of writing. 
AUDUSD
Fundamental Analysis
Technical Analysis
Currencies
Macroeconomics
GBPUSD: sellers press, but key support looms
GBPUSD: sellers press, but key support looms
Rally stalls under the 200-hour MA; sellers eye 1.3455-1.3473 swing zone and the 38.2% at 1.34452
GBP
USD
GBP/USD dips after UK Retail Sales slump, Dollar finds footing on trade jitters
GBP/USD dips after UK Retail Sales slump, Dollar finds footing on trade jitters
The Pound Sterling registers minimal losses during the North American session, after UK Retail Sales data disappointed investors, while the Greenback recovers some ground.  Currently, the GBP/USD is trading at 1.3456, down 0.07%.
GBPUSD
Majors
Currencies
Fundamental Analysis
Technical Analysis
NZD/USD slips on interest rate expectations and geopolitical risks
NZD/USD slips on interest rate expectations and geopolitical risks
The New Zealand Dollar (NZD) is weakening against the US Dollar (USD) on Friday, with NZD/USD slipping below the 0.6000 handle at the time of writing.
NZDUSD
Fundamental Analysis
Technical Analysis
Currencies
Fed
USDJPY extends higher, testing key resistance after shrugging off Waller dip
USDJPY extends higher, testing key resistance after shrugging off Waller dip
Buyers drive the pair to new multi-week highs as momentum builds above 50% midpoint
JPY
USD
EURUSD: Buyers leaning in—but can they break free?
EURUSD: Buyers leaning in—but can they break free?
Stall near moving average confluence keeps bullish hopes alive
EUR
USD
AUDUSD sellers took a shot...they missed
AUDUSD sellers took a shot...they missed
The price of the AUDUSD fell below the 200 bar MA on the 4-hour chart and trend line support (and to a new low for the week) but after all that, the break failed.
AUD
USD
USDJPY dips modestly. Fed Governor more dovish
USDJPY dips modestly. Fed Governor more dovish
Says that the Fed can cut as soon as July
Gold pulls back as Trump delays US involvement in Iran but Middle East tensions cap losses
Gold pulls back as Trump delays US involvement in Iran but Middle East tensions cap losses
Gold (XAU/USD) is edging lower on Friday, trading around $3,368 at the time of writing, as the yellow metal extends its pullback from the weekly high near $3,452 recorded on Monday.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
Indian Rupee edges higher as Oil retreats, Equities jump, USD/INR holds ground
Indian Rupee edges higher as Oil retreats, Equities jump, USD/INR holds ground
The Indian Rupee (INR) snaps its three-day losing run against the US Dollar (USD) on Friday, recovering modestly after hitting a three-month low the previous day.
USDINR
Oil
Fundamental Analysis
Technical Analysis
The USD is lower vs the EUR and GBP but modestly higher in JPY
The USD is lower vs the EUR and GBP but modestly higher in JPY
The technicals allow traders to work through the news stories by defining risk and defining bullish and bearish bias. In the video I take a look at the key technical levels of play and explain why.
EUR outperforming in quiet trade – Scotiabank
EUR outperforming in quiet trade – Scotiabank
The Euro (EUR) is strong, up a decent 0.3% vs. the US Dollar (USD) as it outperforms all of the G10 currencies into Friday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EURUSD
Banks
Technical Analysis
ECB
USD/CNH: Likely to trade in a lower range of 7.1750/7.1930 – UOB Group
USD/CNH: Likely to trade in a lower range of 7.1750/7.1930 – UOB Group
Slight increase in downward momentum is likely to lead to a lower range of 7.1750/7.1930. In the longer run, US Dollar (USD) has likely moved into a 7.1620/7.2200 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
USD/JPY: Likely to trade between 144.80 and 145.80 – UOB Group
USD/JPY: Likely to trade between 144.80 and 145.80 – UOB Group
US Dollar (USD) is expected to trade in a range, most likely between 144.80 and 145.80. In the longer run, there has been a tentative buildup in momentum; for a sustained advance, USD must first break and hold above 145.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
GBP: Vote split endorses August BoE cut – ING
GBP: Vote split endorses August BoE cut – ING
The Pound Sterling (GBP) was only lightly touched by a consensus Bank of England hold on Thursday, ING's FX analyst Francesco Pesole notes
Banks
GBPUSD
Technical Analysis
EURGBP
USD: Support from geopolitical risk faltering – ING
USD: Support from geopolitical risk faltering – ING
The White House said yesterday it will decide whether to order direct strikes on Iran within two weeks, ING's FX analyst Francesco Pesole notes.
DollarIndex
Banks
Technical Analysis
NZD/USD: Scope to test 0.6025 – UOB Group
NZD/USD: Scope to test 0.6025 – UOB Group
Rebound in New Zealand Dollar (NZD) has scope to test 0.6025 against US Dollar (USD), but a sustained break above this level is unlikely. In the longer run, NZD must break and hold below 0.5940 before further declines are likely, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
USD/CHF: SNB may not be done cutting rates – OCBC
USD/CHF: SNB may not be done cutting rates – OCBC
The Swiss National Bank (SNB) cut rate 25bp to bring policy rate down to 0%, as widely anticipated. USD/CHF was last at 0.8165 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USDCHF
Banks
Technical Analysis
AUD/USD: Likely to trade in a sideways range of 0.6460/0.6510 – UOB Group
AUD/USD: Likely to trade in a sideways range of 0.6460/0.6510 – UOB Group
Instead of continuing to decline, Australian Dollar (AUD) is more likely to trade in a sideways range of 0.6460/0.6510 against US Dollar (USD).
AUDUSD
Technical Analysis
Banks
DXY: Slight retracement – OCBC
DXY: Slight retracement – OCBC
US Dollar (USD) was a touch softer this morning alongside brent and gold. Dollar Index (DXY) gapped down today; last at 98.60 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
GBP/USD: Can test 1.3500 before a pause or pullback  – UOB Group
GBP/USD: Can test 1.3500 before a pause or pullback – UOB Group
Rebound in Pound Sterling (GBP) could test 1.3500 before a pause or pullback against US Dollar (USD) is likely; the strong resistance at 1.3520 is unlikely to come under threat.
Banks
GBPUSD
Technical Analysis
EUR: Back to 1.15 – ING
EUR: Back to 1.15 – ING
EUR/USD is back above 1.150 as markets priced out a certain degree of geopolitical risk off the pair, ING's FX analyst Francesco Pesole notes.
EURUSD
Banks
Technical Analysis
 USD/JPY Price Forecast: The pair remains bullish with 146.15 on sight
 USD/JPY Price Forecast: The pair remains bullish with 146.15 on sight
The US Dollar keeps trading in a bullish trend with higher highs and higher lows against a weaker Yen and is on track to close the week 0.8% higher, despite the strong Japanese inflation figures seen earlier today.
USDJPY
Currencies
Technical Analysis
BOJ
Bullish
EUR/USD: Likely to trade in a range between 1.1470 and 1.1540 – UOB Group
EUR/USD: Likely to trade in a range between 1.1470 and 1.1540 – UOB Group
The current price movements are likely part of a range trading phase between 1.1470 and 1.1540. In the longer run, Euro (EUR) is likely to trade in a range against US Dollar (USD) for now, probably between 1.1400 and 1.1570, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
USD/CAD Price Forecast: Remains capped below 100-day EMA, bearish bias prevails near 1.3700
USD/CAD Price Forecast: Remains capped below 100-day EMA, bearish bias prevails near 1.3700
The USD/CAD pair holds steady near 1.3700 during the early European trading hours on Friday. However, fears of US involvement in Middle East conflict could spark demand for the US Dollar (USD), a safe-haven currency.
Majors
USDCAD
Technical Analysis
Gold Technical Analysis – Safe haven flows reverse further
Gold Technical Analysis – Safe haven flows reverse further
Gold continues to retreat as the safe haven flows reverse amid signals of de-escalation in the Middle East
EUR/CAD Price Forecast: Holds gains above 1.5750 due to persistent bullish bias
EUR/CAD Price Forecast: Holds gains above 1.5750 due to persistent bullish bias
EUR/CAD extends its winning streak for the fifth consecutive day, trading around 1.5780 during the Asian hours on Friday. Technical analysis on the daily chart indicates a strengthening bullish bias as the currency cross moves upwards within the ascending channel pattern.
Technical Analysis
Crosses
EURCAD
Bullish
Silver Price Forecast: XAG/USD dives to over one-week low, further below $36.00
Silver Price Forecast: XAG/USD dives to over one-week low, further below $36.00
Silver (XA/USD) is seen prolonging its retracement slide from the highest level since February 2012 touched earlier this week and losing ground for the third consecutive day on Friday.
Silver
Commodities
Technical Analysis
XAGUSD
FX option expiries for 20 June 10am New York cut
FX option expiries for 20 June 10am New York cut
A look at what is on the board for today
GBP/USD Price Forecast: Tests 1.3500, nine-day EMA barrier ahead of UK Retail Sales data
GBP/USD Price Forecast: Tests 1.3500, nine-day EMA barrier ahead of UK Retail Sales data
The GBP/USD pair continues to gain ground for the second successive session, trading around 1.3500 during the Asian hours on Friday. The bullish bias persists as the daily chart’s technical analysis indicates that the pair remains within the ascending channel pattern.
Majors
GBPUSD
Technical Analysis
Silver Price Forecast: XAG/USD dips below $36.50 on US Dollar strength
Silver Price Forecast: XAG/USD dips below $36.50 on US Dollar strength
Silver price retreats on Thursday after back-to-back bearish days, as investors seeking safety buy the US Dollar (USD), pushing the US Dollar Index (DXY) to a six-day high of 99.15. Rising tensions in the Middle East grow as the US could be dragged into the conflict.
XAGUSD
Silver
Technical Analysis
Metals
EUR/USD steady near 1.1485 as Fed caps gains, Trump delays Iran decision
EUR/USD steady near 1.1485 as Fed caps gains, Trump delays Iran decision
EUR/USD is virtually unchanged on Thursday amid deteriorating risk appetite and growing speculation that the United States (US) could become involved in the Middle East conflict.
EURUSD
Technical Analysis
Majors
Fundamental Analysis
SEO
NZD/USD softens as US Dollar bulls return
NZD/USD softens as US Dollar bulls return
The New Zealand Dollar (NZD) remains under pressure on Thursday, with NZD/USD sliding toward 0.5980 as the US Dollar extends gains. The pair broke below the 20-day Simple Moving Average (SMA) at 0.6012 and the lower edge of a rising wedge pattern, a move that suggests bullish momentum has faded.
NZDUSD
Currencies
Technical Analysis
Fed
Fundamental Analysis