Bank of Japan Core CPI: Tuesday, 5:00. This is the preferred inflation gauge of the Bank of Japan, so investors will be monitoring it carefully. The index ticked up to 0.1%, up from 0.0% beforehand. Little change is expected in the June release.
German GDP: Tuesday, 6:00. The German economy plunged 10.1 in the second quarter, reflective of the enormous damage caused by Covid-19. The final reading is expected to confirm the initial read.
JPY
Bank of Japan Core CPI
EUR
German GDP
- EURUSD
The chart above shows that the pair is trading above a strong support level that is 1.1760. Therefore, we are bullish as long as the pair is trading above it. Our targets are as follows: 1.1850 followed by 1.1900.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1.1900 ▪ 1.1880 ▪ 1.1840 |
▪ 1.1760 ▪ 1.1730 ▪ 1.1700 |
We are bullish as long as the pair is trading above the level of 1.1760. |
- GBPUSD
The chart above shows that the pair is trading above a strong support level that is 1.3060. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.3200 followed by 1.3250.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1.3250 ▪ 1.3125 ▪ 1.3100 |
▪ 1.3060 ▪ 1.3040 ▪ 1.3012 |
We are bullish as long as the pair is trading above the level of 1.3060. |
- GOLD
As could be seen on the chart above that the pair is trading above a strong support level that is the uptrend line. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1955 followed by 1965.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1985 ▪ 1973 ▪ 1960 |
▪ 1940 ▪ 1935 ▪ 1930 |
We are bullish as long as the pair is trading above the uptrend line. |
- AUDUSD
As could be seen on the chart above that the pair is trading above a strong support level that is 0.7100. Therefore, we are bullish as long as the pair is trading above it. Our first target is 0.7160.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 0.7200 ▪ 0.7180 ▪ 0.7160 |
▪ 0.7100 ▪ 0.7080 ▪ 0.7050 |
We are bullish as long as the pair is trading above the level of 0.7100. |
- GBPJPY
As could be seen on the chart above that the pair is trading below a strong resistance level that is 140.20. Therefore, we are bearish as long as the pair is trading below it. Our first target is 139.30. On the other hand, if the level of 140.20 is broken, the pair might continue going upwards to reach the level of 141.00
| Resistance levels: | Support levels: | Recommended: |
| ▪ 140.60 ▪ 140.30 ▪ 140.20 |
▪ 140.00 ▪ 139.50 ▪ 139.30 |
We are bearish as long as the pair is trading below the level of 140.20. |
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