Daily Technical Report 19-6-2024

Technical Analysis

By Shady Fouad On Jun 19, 2024

EURUSD

The EUR/USD pair is trading below the resistance area of 1.0740, and it is likely that prices will move in a sideways range between the mentioned resistance area and the support area of 1.0650.

Support	1.0710	1.0670	1.0600
Resistance	1.0740	1.0770	1.0800

USDJPY

The prices are facing a resistance area around the 158.00 range. If this area is breached to the upside, the prices may target the 159.00 region. This scenario will be invalidated if the secondary support area at 157.20 is broken to the downside.

Support	157.20	156.8	155.75
Resistance	158	158.45	158.90

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Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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