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Analysis and important financial markets data on 28 June 2019

10:30 (GMT+2) UK/GBP GDP (Q1 & year)

11:00 EU/EUR EU/EUR CPI (YoY)

14:30 Canada/CAD GDP (MoM)

Analysis EUR/USD

Today the GDP data from various countries will be published, but the focus of market participants is more on the G20 summit, which starts today in Osaka. The meeting between Trump and Xi should be of particular interest. The market may remain cautious until the results of this meeting are released, but the results may trigger stronger movements in the EUR/USD and other U.S. Dollar pairs, depending on how they turn out. From a technical standpoint, the pair continues to move in the previous day's range, but moved to the resistance level of 1.1390 in the morning. If the 1.1390 resistance level is breached sustainably, the pair may be clear to the next resistance level of 1.1415. If the USD receives a positive impulse from Osaka, the pair may encounter support on the short side at 1.1350 and later 1.1325.

Analysis USD/JPY

The USD/JPY pair rose above the 108.00 yen level in early trading yesterday, but later dropped back to a low of 107.55. Currently, the pair is trading at 106.66. It seems that Osaka could provide the impetus. On the short side, the first support at 107.55 Yen has been seen, and later support at 107.42 and 107.15 is expected. Bulls may encounter the first resistance at 107.85. If this is breached, the 108.00 yen level forms the next stronger resistance.

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Disclaimer

The opinions of the author to market behaviour does not constitute a financial advise or solicitation to buy or sell any financial products, but are merely a personal opinion. When you trade leveraged financial products, you must be aware that a loss up to the amount of your deposit is possible, and in addition can also be an obligation to arise. Make yourself familiar with active trading or get independent advice before you invest your own money and use only money to invest that you can lose in the worst case

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