The daily analysis report from TP Global FX provides an overview of recent economic data and events from Asia and Europe, along with technical analysis and trade ideas for several currency pairs. Key points covered include Japan and South Korea economic indicators, comments from US Treasury Secretary Janet Yellen on raising the debt ceiling, and the outlook for high inflation in the US. Technical analysis is given for AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/JPY and XAU/USD, identifying levels of support and resistance and potential buy and sell trade ideas.

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24 June, 2021
Daily Analysis Report

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Asian Bulle n: Sterling trades flat ahead of BOE’s Interest Rate Decision, Asian stock markets in red, gold hovers around $1,775 mark
Key Headlines:
• Japan SPPI stands at 1.5 pct vs 1.1 pct previous release.
• South Korea consumer confidence stands at 110.3 vs 105.2 previous release.
• U.S. Treasury Secretary Janet Yellen - Urged Congress to raise or suspend the federal debt limit as soon as possible, warning that if lawmakers fail to act, the
United States could face a serious risk of default as soon as August – Reuters.
• A period of high infla on in the United States could last longer than an cipated – Fed officials - Reuters.
• United States should safely ease COVID-19 travel restric ons on Europeans, calling it a mistake to prevent European business execu ves from overseeing their
U.S. investments - The European Union's top diplomat – Reuters.
Economic Data Ahead:
• (0800 GMT/1330 IST) Euro German IFO Business climate, previous 99.2, expected 100.8.
• (1100 GMT/1630 IST) U.K. BOE Interest Rate Decision, previous 0.10, expected 0.10.
• (1230 GMT/1800 IST) U.S. Final GDP q/q, previous 6.4, expected 6.4.
• (1230 GMT/1800 IST) U.S. Unemployment claims weekly, previous 412K, expected 382K.
• (1230 GMT/1800 IST) U.S. Core durable goods order, previous 1.0, expected 0.8.
• (1230 GMT/1800 IST) U.S. Durable goods order, previous -1.3, expected 2.9.
• (1230 GMT/1800 IST) U.S. goods trade balance, previous -85.2B, expected -87.4B.
Economic Events Ahead:
• Tenta ve – ECB Economic Bulle n.
• (1330 GMT/1900 IST) U.S. FOMC member Bos c Speaks.
• (1500 GMT/2030 IST) U.S. FOMC member Williams Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.01% to 91.81 points.

3. AUD / USD
BUY SELL
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JUNE,
2
021
Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7598
R2 S2
0.7612
R3 S3
0.7632
R4
Commentary
S4
0.7657
Buy Above 0.7585
0.7611
0.7560
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7550
0.7523
0.7592
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades flat in early Asia and hovers around $0.7575 mark. Australian
calendar is empty for the day. The pair made intraday high at $0.7579 and low at $0.7567 mark. A
day chart is bearish while H1 chart with triple EMA suggests up trend for the time being. A
sustained close above $0.7598 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $0.7570 will check further supports.
0.7570
0.7550
0.7522
0.7502

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1940
R2 S2
1.1976
R3 S3
1.2005
R4
Commentary
S4
1.2032
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-
Time Frame: H1
EUR/USD: The euro trades slightly lower in early Asia but remains well supported above $1.1900
mark. Today pair made intraday high at $1.1943 and low at $1.1920. Today triple EMA on a day
chart is bearish but H1 chart suggests slightly up trend for the time being. A consistent close
above $1.1940 on H1 chart requires for the upside rally. Alternatively, a sustained close below
$1.1900 on H1 chart will check further supports.
EUR / USD
1.1900
1.1880
1.1847
1.1812
Buy Above 1.1940
1.1968
1.1910
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1901
1.1874
1.1930
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JUNE,
2
021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3976
R2 S2
1.4001
R3 S3
1.4040
R4
Commentary
S4
1.4072
Buy Above 1.3985
1.4010
1.3950
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3942
1.3908
1.3962
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling exhibits range bound movement ahead of BOE’s Interest Rate Decision.
The pair made intraday high at $1.3956 and low at $1.3923 mark. A day chart is bearish while H1
chart with triple EMA suggests up trend for the time being. A sustained close above $1.3976 on
H1 chart will check key resistances. Alternatively, a consistent close below $1.3927 will check
further supports.
USD
1.3927
1.3900
1.3875
1.3837
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JUNE,
2
021

6. BUY SELL
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2325
R2 S2
1.2347
R3 S3
1.2365
R4
Commentary
S4
1.2390
Buy Above 1.2320
1.2350
1.2295
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2281
1.2257
1.2311
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar moves in rigid boundaries and consolidates around 1.23 mark.
Today pair made intraday high at 1.2313 and low at 1.2300 mark. Today a day chart turns bullish
while H1 chart with triple EMA suggests bearish trend for the time being. A sustained close above
1.2325 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2258 on
H1 chart will check key supports too.
USD /CAD
1.2300
1.2276
1.2258
1.2240
JUNE,
2
021

7. BUY SELL
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Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
111.21
R2 S2
111.36
R3 S3
111.64
R4
Commentary
S4
111.91
Buy Above 111.21
111.42
110.90
– Take Profit
– Stop Loss
Trade Idea
Sell Below 110.74
110.50
111.12
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen trades marginally lower despite robust SPPI results and stabilizes
around 110.00 mark. The pair made intraday high at 111.11 and low at 110.94 mark. The triple
EMA on a day chart and H1 chart suggests bullish trend for the time being. A sustained close
above 111.21 on H1 chart requires for the upside rally. Alternatively, a consistent close below
110.76 on H1 will check further key supports.
USD /JPY
110.76
110.40
110.22
110.00
JUNE,
2
021

8. BUY SELL
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Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1784
R2 S2
1790
R3 S3
1794
R4
Commentary
S4
1799
Buy Above 1781
1787
1775
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1772
1766
1779
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold enjoys roller coaster movement and remains well supported below
$1,800 mark. Pair made intraday high at $1,780 and low $1,774 mark. A day chart and H1 chart
with triple EMA suggests bearish trend for the time being. A sustained close above $1,784 on H1
chart requires for the upside rally. Alternatively, a consistent close below $1,772 will check further
supports.
XAU [GOLD]
USD
/
1772
1767
1761
1756
JUNE,
2
021

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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