Upcoming week Forex signals

Upcoming week Forex signals (15-19/6/2020)

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XAUUSD(Gold) 

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XAU/USD:  analysis and forecast for 12/06/2020 – 19/06/2020

The pair XAU/USD remains likely to fall. Estimated pivot point is at a level of  1764.82.

Main scenario: consider short positions from corrections below the level of  1764.82 with a target of 1634.13 – 1599.64.

Alternative scenario: breakout and consolidation above the level of  1764.82 will allow the pair to continue rising to the levels of 1800.00 – 1850.00.

USD/JPY

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USD/JPY:  analysis and forecast for 12/06/2020 – 19/06/2020

USD/JPY remains likely to fall. Estimated pivot point is at a level of 108.19.

Main scenario: consider short positions from corrections below the level of 108.19 with a target of 105.21 – 104.50.

Alternative scenario: breakout and consolidation above the level of 108.19 will allow the pair to continue rising to the levels of 109.84 – 110.75.

GBPUSD

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GBP/USD:  analysis and forecast for 12/06/2020 – 19/06/2020

The pair GBP/USD remains likely to grow. Estimated pivot point is at a level of  1.2485.

Main scenario: consider long positions from corrections above the level of  1.2485 with a target of 1.2800 – 1.3150.

Alternative scenario: breakout and consolidation below the level of  1.2485 will allow the pair to continue declining to the levels of 1.2204 – 1.2069.

EURUSD 

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EUR/USD:  analysis and forecast for 12/06/2020 – 19/06/2020

The pair EUR/USD remains likely to grow. Estimated pivot point is at a level of 1.1240.

Main scenario: consider long positions from corrections above the level of 1.1240 with a target of 1.1490 – 1.1723.

Alternative scenario: breakout and consolidation below the level of 1.1240 will allow the pair to continue declining to the levels of 1.1175 – 1.1097.

COURTESY OF XM