EURUSD Daily Forecast: June 13
The EURUSD was indecisive yesterday but overall still able to maintain its intraday bearish bias after the false breakout above 1.2641. Potential daily range is seen between 1.2530 – 1.2435. I still prefer a bearish scenario at this phase but need a clear break below 1.2435 to continue the bearish scenario testing 1.2287 region. On the upside, a clear break and daily close above 1.2530/50 will interrupt the bearish intraday outlook but as long as stays below 1.2641 I still prefer to sell on rallies.
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GBPUSD Daily Forecast: June 13
The GBPUSD failed to continue its bearish momentum yesterday, topped at 1.5588 and closed at 1.5563. The bias is neutral in nearest term. The major bearish scenario since broke below the trend line support and EMA 200 remains intact but price is still in a consolidation/bullish correction phase after bounced from 1.5270. Potential daily range is seen between 1.5600 – 1.5450 and we need a clear break from that range area to see clearer direction. A clear break and daily close above 1.5600 could trigger further bullish correction testing 1.5650 – 1.5700 region. On the downside, a clear break below 1.5450 could end the bullish correction phase and continue the bearish scenario retesting 1.5270 key support area.
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USDJPY Daily Forecast: June 13
The USDJPY didn’t make significant movement yesterday. Price has been moving sideways between 80.00 – 79.00 since June 07 and need a clear break from the range area to see clearer direction. A clear break and daily close above 80.00 could trigger further bullish scenario testing 81.00 or higher as the bullish reversal scenario after hit the record low might have another chance. On the downside, a clear break and daily close back below 79.00 could trigger further bearish pressure testing 78.27/00 support area.
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USDCHF Daily Forecast: June 13
The USDCHF was indecisive yesterday but overall still able to maintain its bullish intraday bias. Potential daily range is seen between 0.9650 – 0.9585. I still prefer a bullish scenario at this phase and do not expect any consistent move below 0.9585 as it will interrupt the intraday bearish outlook. On the upside, we need a clear break above the bullish flag and 0.9650 to continue the bullish scenario testing 0.9800.
©2012 . All Rights Reserved.
The EURUSD was indecisive yesterday but overall still able to maintain its intraday bearish bias after the false breakout above 1.2641. Potential daily range is seen between 1.2530 – 1.2435. I still prefer a bearish scenario at this phase but need a clear break below 1.2435 to continue the bearish scenario testing 1.2287 region. On the upside, a clear break and daily close above 1.2530/50 will interrupt the bearish intraday outlook but as long as stays below 1.2641 I still prefer to sell on rallies.
©2012 . All Rights Reserved.
GBPUSD Daily Forecast: June 13
The GBPUSD failed to continue its bearish momentum yesterday, topped at 1.5588 and closed at 1.5563. The bias is neutral in nearest term. The major bearish scenario since broke below the trend line support and EMA 200 remains intact but price is still in a consolidation/bullish correction phase after bounced from 1.5270. Potential daily range is seen between 1.5600 – 1.5450 and we need a clear break from that range area to see clearer direction. A clear break and daily close above 1.5600 could trigger further bullish correction testing 1.5650 – 1.5700 region. On the downside, a clear break below 1.5450 could end the bullish correction phase and continue the bearish scenario retesting 1.5270 key support area.
©2012 . All Rights Reserved.
USDJPY Daily Forecast: June 13
The USDJPY didn’t make significant movement yesterday. Price has been moving sideways between 80.00 – 79.00 since June 07 and need a clear break from the range area to see clearer direction. A clear break and daily close above 80.00 could trigger further bullish scenario testing 81.00 or higher as the bullish reversal scenario after hit the record low might have another chance. On the downside, a clear break and daily close back below 79.00 could trigger further bearish pressure testing 78.27/00 support area.
©2012 . All Rights Reserved.
USDCHF Daily Forecast: June 13
The USDCHF was indecisive yesterday but overall still able to maintain its bullish intraday bias. Potential daily range is seen between 0.9650 – 0.9585. I still prefer a bullish scenario at this phase and do not expect any consistent move below 0.9585 as it will interrupt the intraday bearish outlook. On the upside, we need a clear break above the bullish flag and 0.9650 to continue the bullish scenario testing 0.9800.
©2012 . All Rights Reserved.
