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Euro, Yen, Sterling Trading Strategy

Deltastock analyst Stoyan Mihaylovzho Friday (June 22) provided the latest Euro (1.1653, 0.0046, 0.40%)/USD, USD/JPY and GBP (1.3262, 0.0018, 0.14%)/USD trading strategies.

EUR/USD: The current trend has been bullish, especially after yesterday's breakthrough of the 1.1600 mark, indicating that the bears' test for the 1.1510 has failed and the intraday movements remain bullish at above 1.1600 with the target at 1.1720.

Intraday resistance: 1.1650, 1.1720; resistance this week: 1.1720, 1.1830

Day support: 1.1600, 1.1510; this week support: 1.1480, 1.1300

USD/JPY: Falling below 110.30 to neutralise the bullish sentiment in the near term, the intraday bias tends to be neutral with the initial resistance at 110.30 and the key support at 109.50 below.
Intraday resistance: 110.30, 110.80; resistance this week: 111.40, 114.40

Day support: 109.80, 109.20; support this week: 107.80, 106.70

GBP/USD: The turnaround at 1.3215 indicates that the bottom has already formed at 1.3100 and the current trend remains above 1.3215. After reaching 1.3300, the target will point to 1.3460.
Intraday resistance: 1.3300, 1.3460; resistance this week: 1.3618, 1.3990

Day support: 1.3215, 1.3100; support this week: 1.3040, 1.3040