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EUR/USD: EURO IS HEADING TO THE NORTH 10:04 29.06.2017 On the EUR/USD daily chart, a break of the resistance at 1.1295 followed by the retest allowed the euro to enter the operations space. The pair is ready to test the resistance at 1.147 and realize the mid-term target 127,2% in the Crab pattern. The nearest important level of the support can be found near 1.1345. On the EUR/USD hourly chart, after the realization of the Wolfe Waves pattern and precipitous rally , the positions of the Bears don’t promise any significant gains. The rollbacks towards 1.1388 and 1.1345 will likely be bought out. More: https://fbs.com/analytics/articles/eur_usd%3a_euro_is_heading_to_the_north_1883

USD/JPY: DOLLAR BREAKING OUT SSA’S RESISTANCE 09:17 29.06.2017 Technical levels: support – 112.10; resistance – 112.80, 113.20. Trade recommendations: Buy — 112.40; SL — 112.20; TP1 — 112.80; TP2 — 113.20. Sell — 112.10; SL — 112.30; TP1 — 111.40; TP2 — 110.90. Reason: narrowing bearish Ichimoku Cloud and rising Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices fixed above the daily Cloud, but there is a strong resistance on 112.30. More: https://fbs.com/analytics/articles/usd_jpy%3a_dollar_breaking_out_ssa%E2%80%99s_resistance_1881

AUD/USD: AUSSIE GOING TO MARCH’S EXTREMUMS 09:16 29.06.2017 Technical levels: support – 0.7640; resistance – 0.7690. Trade recommendations: Sell — 0.7690; SL — 0.7710; TP1 — 0.7640; TP2 — 0.7610. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen and Kijun-sen; the market made a new local highs, but there is a strong resistance on 0.7690-0.7700. More: https://fbs.com/analytics/articles/aud_usd%3a_aussie_going_to_march%E2%80%99s_extremums_1880

MORNING BRIEF FOR JUNE 29: SOME NEWS FROM "CENTRAL BANKERS’ PARTY" 09:06 29.06.2017 The US dollar shuddered to its lows as central bankers’ bias turned tighter. The greatest moves were evidenced in the pairs containing CAD, GBP, EUR, AUD. The euro surged to 1.1420 in the previous sessions as ECB President Mario Draghi signaled that the monetary policy stimulus might be toned down towards the end of this year. He noted that the link between monetary policy and the performance of the real economy is working; the link between growing real economy and inflation is becoming more subdued than in the past though. In the upcoming hours, EUR might lose some points against the greenback sliding to 1.1375/1.1330 as the further upside is a bit complicated. German and Spanish inflation rates might push it a bit higher towards 1.1420 if releases are upbeat (higher inflation rates). The main focus is the US final GDP which is out at 4:30 pm GMT+3. There is no change is forecasted. So, we don’t expect great moves from the USD upon the announcement unless data print is disappointing. Preview from eFXplus USD/JPY was a bit laggard today. It did slip though despite weaker retail sales data released earlier today from Japan. The Bank of Japan Policy Board member, Yutaka Harada is set to deliver his speech later today (0630GMT). He will unlikely set in motion the currently subdued trading of USD/JPY, but just be safe, keep on track his speech. The British pound also made some wiggles in the past few sessions. Comment from bank of England Governor Carney were interpreted as being hawkish comparing to his last meeting’s comments on the country’s economic performance. He noted that some removal of monetary stimulus will likely to be needed as the economy came closer to running at full capacity. Sterling jumped to 1.2975 following Carney’s comments than slipped a few points and stopped at 1.2955. There is a scope to extension to 1.3000 in the short term. The Canadian dollar strengthened to 1.3010 from this week opening price of 1.3258 due to hawkish comments from the Bank of Canada Governor Stephen Poloz and higher oil prices. It was the CAD greatest daily gain in three months. You should keep in mind the fact that we are approaching a new interest rate decision that will allow Loonie to gain even more strength. Currently, markers are pricing a 70% chance of a rate hike in central bank’s July meeting. Crude oil futures rose higher on the back of the biggest decline in the US output. Aussie spiked to 0.7660 in the course of the past sessions. The Bank of Australia policymakers might follow the example of their US colleagues and tighten their monetary policy, If the RBA’s economic indicators are in line with the bank’s projections, the tightening cycle might start earlier (if not tightening, at least increased hawkishness of the RBA’s policymakers, which is also be well accepted by the AUD). More: https://fbs.com/analytics/articles/morning_brief_for_june_29%3a_some_news_from_%22central_bankers%E2%80%99_party%22__1879

EUR/USD: WAVE (III) OF [V] MAY HAVE BEEN FORMED 14:37 28.06.2017 The price is still rising in wave C of (E). It seems like wave [v] of C is likely going to be continued. In this case, we should keep an eye on 6/8 MM Level as an intraday bullish target. As we can see on the one-hour chart, wave (iii) of [v] may have been formed. However, if the price fixates above 2/8 MM Level, there'll be an opportunity to have wave (v) of [v]. The main target is 4/8 MM Level. More: https://fbs.com/analytics/articles/eur_usd%3a_wave_%28iii%29_of_%5bv%5d_may_have_been_formed_1857

GBP/USD: CONFIRMED "DOUBLE TOP" 11:16 28.06.2017 We've got a "Thorn" pattern, which pushed the price to support at 1.2793. Meanwhile, the pair is likely going to test the next support at 1.2757. If a pullback from this level happens, there'll be an option to have an upward price movement in the direction of the local downtrend. There's a "Double Top" pattern, which has been confirmed. Therefore, the pair is likely going to test the nearest support at 1.2757 during the day. At the same time, if we see a pullback from this level, bulls will have a green light to achieve the next resistance at 1.2860 - 1.2871. More: https://fbs.com/analytics/articles/gbp_usd%3a_confirmed_%22double_top%22_1853

EUR/USD: LOCAL BEARISH "THORN" PATTERN 11:13 28.06.2017 The last consolidation resulted in a massive bullish rally. Finally, the price faced resistance at 1.1365, so bears are likely going to test the nearest support at 1.1325 during the day. If a pullback from this level happens, there'll be an opportunity to have another upward price movement towards the next resistance at 1.1398. Bulls faced resistance at 1.1365, so we've got a "Thorn" pattern. In this case, the market is likely going to achieve the closest support at 1.1340 - 1.1325 during the day. However, if we see a pullback from this area, bulls will probably try to reach resistance at 1.1365 - 1.1398. More: https://fbs.com/analytics/articles/eur_usd%3a_local_bearish_%22thorn%22_pattern_1852

AUD/USD: AUSSIE SUPPORTED BY KIJUN-SEN 09:25 28.06.2017 Technical levels: support – 0.7580/90; resistance – 0.7660. Trade recommendations: Buy — 0.7600; SL — 0.7580; TP1 — 0.7660; TP2 — 0.7690. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the bulls trying to breakout a strong resistance on 0.7610/30. More: https://fbs.com/analytics/articles/aud_usd%3a_aussie_supported_by_kijun_sen_1849

GBP/USD: BULLS MADE NEW LOCAL HIGHS 09:24 28.06.2017 Technical levels: support – 1.2780; resistance – 1.2840. Trade recommendations: Buy — 1.2780; SL — 1.2760; TP1 — 1.2840; TP2 — 1.2870. Reason: narrow bearish Ichimoku Cloud; rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but horizontal Tenkan-sen and Kijun-sen; the market is breaking out through the SSB’s resistance and made a new H4-highs. More: https://fbs.com/analytics/articles/gbp_usd%3a_bulls_made_new_local_highs_1848

GBP/USD COULD LOSE STEAM AROUND 1.2860, RESUMING BEARISH BIAS 00:55 28.06.2017 GBP/USD found a demand area between 1.2705 and 1.2636, which coincides with the Fibonacci expansion levels of 100% and 123.6%. There was a divergence formed bwteen the latest two lower swings and it seems that we can witness some recovery in coming hours. However, we should keep in mind that resistance zone of 1.2860 could act as a strong barrier for buyers, given that 200 SMA (H1 chart) is another dynamic hurdle to pay attention. RSI indicator is supporting the bullish scenario for the Cable, but it’s entering now at the overbought territory, so be cautious of ongoing longs in the pair. More: https://fbs.com/analytics/articles/gbp_usd_could_lose_steam_around_1.2860%2c_resuming_bearish_bias_1846

AUD/USD: AUSSIE SUPPORTED BY KIJUN-SEN 09:25 28.06.2017 Technical levels: support – 0.7580/90; resistance – 0.7660. Trade recommendations: Buy — 0.7600; SL — 0.7580; TP1 — 0.7660; TP2 — 0.7690. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the bulls trying to breakout a strong resistance on 0.7610/30. More: https://fbs.com/analytics/articles/aud_usd%3a_aussie_supported_by_kijun_sen_1849

AUD/USD: AUSSIE SUPPORTED BY KIJUN-SEN 09:25 28.06.2017 Technical levels: support – 0.7580/90; resistance – 0.7660. Trade recommendations: Buy — 0.7600; SL — 0.7580; TP1 — 0.7660; TP2 — 0.7690. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the bulls trying to breakout a strong resistance on 0.7610/30. More: https://fbs.com/analytics/articles/aud_usd%3a_aussie_supported_by_kijun_sen_1849

GBP/USD: BULLS MADE NEW LOCAL HIGHS 09:24 28.06.2017 Technical levels: support – 1.2780; resistance – 1.2840. Trade recommendations: Buy — 1.2780; SL — 1.2760; TP1 — 1.2840; TP2 — 1.2870. Reason: narrow bearish Ichimoku Cloud; rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but horizontal Tenkan-sen and Kijun-sen; the market is breaking out through the SSB’s resistance and made a new H4-highs. More: https://fbs.com/analytics/articles/gbp_usd%3a_bulls_made_new_local_highs_1848

GBP/USD COULD LOSE STEAM AROUND 1.2860, RESUMING BEARISH BIAS 00:55 28.06.2017 GBP/USD found a demand area between 1.2705 and 1.2636, which coincides with the Fibonacci expansion levels of 100% and 123.6%. There was a divergence formed bwteen the latest two lower swings and it seems that we can witness some recovery in coming hours. However, we should keep in mind that resistance zone of 1.2860 could act as a strong barrier for buyers, given that 200 SMA (H1 chart) is another dynamic hurdle to pay attention. RSI indicator is supporting the bullish scenario for the Cable, but it’s entering now at the overbought territory, so be cautious of ongoing longs in the pair. More: https://fbs.com/analytics/articles/gbp_usd_could_lose_steam_around_1.2860%2c_resuming_bearish_bias_1846

EUR/USD: TRIANGLE IN WAVE 14:05 27.06.2017 There's a possible triangle in wave , so the price is likely going to continue rising towards the upper side of this pattern. If a pullback from this line happens, there'll be an opportunity to have the beginning of wave [C]. As we can see on the daily chart, there's a developing impulse in wave C of (E). The main bullish target is +1/8 MM Level, which could be a departure point for an impulse wave. The main bearish target is 6/8 MM Level. More: https://fbs.com/analytics/articles/eur_usd%3a_triangle_in_wave_%5bb%5d_1838

USD/JPY: BEARISH "ENGULFING" 13:26 27.06.2017 We've got a bearish "Engulfing", which has been confirmed enough. Therefore, the pair is likely going to test the 55 Moving Average, which could be a departure point for another bullish rally. The 34 Moving Average has acted as support, so we've got a bullish "Hammer" on this line. If this pattern confirms, the price is likely going to test the nearest resistance. Nevertheless, bears will probably try to test the 55 MM afterwards. More: https://fbs.com/analytics/articles/usd_jpy%3a_bearish_%22engulfing%22_1837

EUR/USD: "WINDOW" GOING TO ACT AS RESISTANCE 13:24 27.06.2017 The price has been rising since a pullback from the nearest Moving Average happened. Also, there isn't any bearish pattern so far. Therefore, the market is likely going to continue rising towards the upper "Window". The Moving Averages have acted as support, so the price is rising. All the last candles are bullish. However, if a pullback from the closest resistance happens, there'll be an opportunity to have a local bearish correction. More: https://fbs.com/analytics/articles/eur_usd%3a_%22window%22_going_to_act_as_resistance_1836

GBP/USD: MOVING AVERAGES ACTING AS SUPPORT 10:33 27.06.2017 The price found resistance at 1.2757, so bears achieved support at 1.2705. In this case, the market is likely going to reach the next resistance at 1.2793 - 1.2817. If a pullback from this area happens, bears will have a green light to test the closest support at 1.2678 - 1.2634. There's a consolidation, which is taking place under resistance at 1.2757. The Moving Averages are acting as support. Therefore, the price is likely going to reach the next resistance at 1.2793 in the coming hours. However, if a pullback from this level arrives afterwards, there'll be an option to have a decline in the direction of support at 1.2690 - 1.2672. More: https://fbs.com/analytics/articles/gbp_usd%3a_moving_averages_acting_as_support_1833

EUR/USD: MARKET GOING TO TEST NEAREST RESISTANCE 10:30 27.06.2017 The price is still consolidating. Therefore, the market is likely going to test the nearest resistance at 1.1232 in the short term. If we see a pullback from this level, there'll be an opportunity to have a decline towards the 89 Moving Average. Bears faced support on the 34 Moving Average. So, the pair is likely going to reach the next resistance at 1.1219 - 1.1227 during the day. If a pullback from this area happens, we should keep an eye on the closest support at 1.1165 - 1.1137 as an intraday target. More: https://fbs.com/analytics/articles/eur_usd%3a_market_going_to_test_nearest_resistance_1832

USD/JPY: DOLLAR FEELS GOOD 09:21 27.06.2017 Technical levels: support – 111.50; resistance – 112.00/20. Trade recommendations: Buy — 111.55; SL — 111.35; TP1 — 112.00; TP2 — 112.45. Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen and Kijun-sen; the prices are supported by Tenkan-sen and Kijun-sen. More: https://fbs.com/analytics/articles/usd_jpy%3a_dollar_feels_good_1830

AUD/USD: BULLS BREAKING OUT CLOUD’S RESISTANCE 09:20 27.06.2017 Technical levels: support – 0.7580; resistance – 0.7610, 0.7660. Trade recommendations: Buy — 0.7580/90; SL — 0.7560; TP1 — 0.7660; TP2 — 0.7690. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; the bulls entered to positive area passing through the Cloud’s resistance. More: https://fbs.com/analytics/articles/aud_usd%3a_bulls_breaking_out_cloud%E2%80%99s_resistance_1829

EUR/USD: DEVELOPING WAVE (II) 17:09 26.06.2017 There's developing wave (ii), which is taking place under 4/8 MM Level. Previously, we've got a triangle in wave (iv). If a pullback from 4/8 MM Level happens afterwards, bears are likely going to deliver wave (iii). As you can see on the one-hour chart, there's a possible flat pattern in wave (ii). Also, we've got a developing diagonal triangle in wave c of (ii). Therefore, if a pullback from 4/8 MM Level happens, there'll be a green light to have another decline and a new local low. More: https://fbs.com/analytics/articles/eur_usd%3a_developing_wave_%28ii%29_1817

USD/JPY: "WINDOW" ACTED AS SUPPORT FOR THE SECOND TIME 14:58 26.06.2017 The 21 Moving Average has acted as support, so we've got a "Tweezers" and a "Hammer", which all have been confirmed. In this case, the pair is likely going to test the nearest resistance level. If any bearish pattern arrives later on, there'll be an option to have a bearish correction. The lower "Window" has acted as support for the second time. Also, there isn't any bearish pattern so far, which means the pair is likely going to continue moving up. More: https://fbs.com/analytics/articles/usd_jpy%3a_%22window%22_acted_as_support_for_the_second_time_1816

EUR/USD: BEARISH "HIGH WAVE" AND "ENGULFING" 14:55 26.06.2017 The price tested the nearest resistance once again, so we've got a bearish "Tweezers" on this level. Considering a confirmation of this pattern, bears are likely going to test the 89 Moving Average in the short term. If a pullback from this line happens, there'll be an opportunity to have another upward price movement. There're bearish patterns, such a "High Wave" and an "Engulfing", which both have been confirmed. Therefore, the market is likely going to test the nearest support level, but bulls will probably try to achieve the Moving Averages afterwards. More: https://fbs.com/analytics/articles/eur_usd%3a_bearish_%22high_wave%22_and_%22engulfing%22_1815

GBP/USD: RESISTANCE WAITING FOR BULLS 10:46 26.06.2017 The price found resistance at 1.2757, but bulls are likely going to reach the next resistance at 1.2817 in the short term. Meanwhile, if a pullback from this level arrives afterwards, there'll be an option to have a local decline in the direction of the closest support at 1.2678 - 1.2634. We've got a consolidation, which is taking place under resistance at 1.2757. In this case, the market is likely going to test the nearest resistance at 1.2793 in the coming hours. If we see a pullback from this level, bears will have a green light to achieve support at 1.2690 - 1.2643. More: https://fbs.com/analytics/articles/gbp_usd%3a_resistance_waiting_for_bulls_1811