Open an Account
☰
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open an Account
✖

Daily Forex Technical Trend Bias Key Levels Thurs 27 Jun

Article By: ,  Financial Analyst
June 26, 2019 11:53 PM

EUR/USD – 1.1340 remains the key support to watch


click to enlarge chart

  • Staged a minor push up from the 1.1340 key short-term pivotal support by 45 pips to print a high of 1.1391 in yesterday’s 26 Jun U.S. session before it traded sideways (click here for a recap).  No change in key short-term elements, maintain bullish bias for a potential push up towards the next intermediate resistance at 1.1420.  
  • However, a break with an hourly close below 1.1340 invalidates the bullish scenario for a slide back towards the 1.1225/1180 support zone in the first step.
GBP/USD – Bearish elements remain intact


click to enlarge chart

  • Yesterday’s 26 Jun narrow price range of 47 pips has formed a micro “bearish pennant” configuration as seen on the 15-minute time frame. Maintain bearish bias below the 1.2760/2785 key short-term pivotal resistance for a further potential slide to retest the major support zone of 1.2560/2500 (the ascending trendline from Oct 2016 swing low).
  • However, a break with an hourly close above 1.2760 sees an extension of the corrective rebound towards the next resistance at 1.2915 (also the descending trendline from 13 Mar 2019 high).

USD/JPY – Corrective rebound in progress


click to enlarge chart

  • Broke above the 107.55 upper limit of the short-term neutrality zone as per highlighted in our previous report. The corrective rebound scenario has been validated, bullish in any dips above the 107.25 key short-term pivotal support for a further potential push up to target the next intermediate resistance at 108.20 in the first step.
  • However, an hourly close below 107.25 revives the bears for a downleg towards the next support at 106.60/50.

AUD/USD – Further push up towards 0.7050 key medium-term resistance


click to enlarge chart

  • Continued to inch higher as expected. Maintain bullish bias with a tightened key short-term support now at 0.6970 for a further potential push towards 0.7020 follow by key medium-term resistance at 0.7050 (also a Fibonacci expansion/retracement cluster & the minor ascending channel resistance).
  • However, a break with an hourly close below 0.6970 negates the bullish tone for a deeper pull-back towards the next near-term support at 0.6900 (also the 61.8% Fibonacci retracement of the on-going rebound from 18 Jun low to today, 27 Jun Asian session current intraday high of 0.6998).

Charts are from eSignal


The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex, commodity futures, or digital assets, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to FOREX.com or GAIN Capital refer to StoneX Group Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.

FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosures and Risk Warning. Increased leverage increases risk.

GAIN Capital Group LLC (dba FOREX.com) 30 Independence Blvd, Suite 300 (3rd floor), Warren, NJ 07059, USA. GAIN Capital Group LLC is a wholly-owned subsidiary of StoneX Group Inc.

© FOREX.COM 2025