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6 Jun 2023

USD/JPY: Rebound could extend on a move beyond recent high of 141 – SocGen

Economists at Société Générale analyze USD/JPY technical outlook.

138/137.20 is key support if profit taking crystallizes

USD/JPY has so far defended the graphical levels of 138/137.20 which is also the 200-DMA. It is worth noting that this region had acted as a hurdle since December and is expected to be an intermittent support. Only a break below would denote possibility of a deeper decline.  

In case USD/JPY establishes beyond recent high of 141, the phase of rebound could extend towards 142.50/142.80, the 61.8% retracement from last October and 144.40.

 

Jun 6, 2023

EUR/CHF: Franc is likely to remain strong against the Euro – Commerzbank

Antje Praefcke, FX Analyst at Commerzbank, discusses EUR/CHF outlook. Statement versus data Martin Schlegel, Vice Chairman of the Governing Board, see
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Jun 6, 2023

Gold Price Forecast: XAU/USD struggles for a firm direction, stuck in a range around $1,960

Gold price struggles to capitalize on the previous day's modest recovery from the 100-day Simple Moving Average (SMA) and oscillates in a narrow tradi
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