Forex Technical Analysis & Forecast 12.06.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD has reached the predicted correctional target, but the correction continues. Possibly, today the pair may grow a little bit to reach 1.1342 and then resume falling towards 1.1311. Later, the market may form one more ascending structure to reach 1.1327. If the price breaks the correctional channel, the instrument may start a new decline with the target at 1.1282.

GBPUSD, “Great Britain Pound vs US Dollar”

In case of GBPUSD, the correction continues. Today, the pair may fall to reach 1.2696 and then form one more correctional structure towards 1.2740. After that, the instrument may form a new descending structure with the target at 1.2660.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 0.9911 without any particular direction. Today, the pair may form one more ascending structure to reach 0.9957 and then start another decline to return to 0.9911. If later the price breaks the range to the upside, the instrument may resume trading inside the uptrend with the first target at 1.0064.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating around 108.52. Possibly, the pair may form a new descending structure towards 108.26 and then start another growth with the short-term target at 109.18.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has rebounded from 0.6962; right now, it is trading to break the downside border of the range. Possibly, the pair may continue trading inside the downtrend with the short-term target at 0.6905.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has reached the target of the second descending impulse; right now, it is consolidating around 64.46. Later, the market may break the range to the upside and start a new correction towards 64.85. After that, the instrument may resume falling with the target at 64.20.

XAUUSD, “Gold vs US Dollar”

Gold has broken the range downwards and reached 1320.00; right now, it is being corrected to the upside. Possibly, the pair may reach 1333.83 and then start another decline with the predicted target at 1312.22.

BRENT

Brent is trading downwards. Possibly, today the pair may reach 61.53 and then form one more ascending structure towards 62.82. Later, the market may resume falling to reach 61.31 to complete the correction. After that, the instrument may start another growth with the short-term target at 65.40.