13.06.2022 00:00
Target levels and forecast for the week 13.06. 17. 06.
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Target levels and forecast for the week 13.06. 17. 06.EUR/USDA technical correction is needed, but as long as fundamental factors stimulate the growth of the dollar, the downtrend is not cancelled. Purchases can be relevant only on a confident breakdown of the 1.07 zone. Strong speculations on the statistics of the current week are unlikely.GBP/USDThe pound fell due to the correlation with the euro, but there are no own factors for such a decline. The balance of volumes is shifting uncertainly towards purchases, but on the publication of statistics data, speculators can push the price to the protection zone of 1.20. However, there is a chance for a technical correction to the 1.25 zone and higher before the BOE meeting.USD/JPYThe Ministry of Finance of Japan and the BOJ believe that the too cheapen yen (at least in the last 20 years) increases the risk of a new financial crisis in the region. If the yen continues to fall against the dollar. then China will see this as an unfair competitive advantage and will intensify efforts to weaken the yuan. So far, the priority of purchases remains, but before the BOJ meeting, attempts to correct to the zone of 130 and below are possible.XTI/USDMedium-term growth momentum remains, and both major futures do not look overbought. The chances of updating annual highs are high. A medium-term reversal signal will be a confident break of the 114.50-113.00 zone, but this is still unlikely. Prices are supported by the risks of reduced supply, which is likely to be reminded again by OPEC and the IEA in their monthly reports.Profits to yall!
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