Daily Technical Analysis and Forex tips 20 June 2016

Daily Technical Analysis and Forex tips 20 June 2016
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Our financial experts share their bits of knowledge on key business sector patterns and indicators. Take after the day by day specialized investigations to get an edge in trading in forex.

EUR/USD Intraday: intraday support around 1.1300

Our preference for long positions above 1.1300 with targets at 1.1390 & 1.1415 in extension. Alternative scenario is below 1.1300 look for further downside with 1.1265 & 1.1215 as targets.

GBP/USD Intraday: the upside prevails

Our preference is long positions above 1.4505 with targets at 1.4700 & 1.4740 in extension. Alternative scenario is below 1.4505 look for further downside with 1.4430 & 1.4350 as targets.

USD/CHF Intraday: the downside prevails

Our preference short positions below 0.9640 with targets at 0.9565 & 0.9545 in extension. Alternative scenario is above 0.9640 look for further upside with 0.9660 & 0.9685 as targets.

USD/JPY Intraday: under pressure

Our preference is short positions below 105.00 with targets at 103.70 & 103.20 in extension. Alternative scenario is above 105.00 look for further upside with 105.60 & 106.00 as targets.

USD/CAD Intraday: the downside prevails

Our preference short positions below 1.2900 with targets at 1.2750 & 1.2720 in extension. Alternative scenario is above 1.2900 look for further upside with 1.2945 & 1.2975 as targets.

AUD/USD Intraday: the upside prevails

Our preference long positions above 0.7400 with targets at 0.7475 & 0.7505 in extension. Alternative scenario is below 0.7400 look for further downside with 0.7370 & 0.7345 as targets.

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