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22.06.202608:46 विदेशी मुद्रा विश्लेषण और समीक्षा: Intraday Strategies for Beginner Traders on June 22

Traders have switched their focus from the Federal Reserve to the Middle East. According to media reports, American and Iranian delegations have made progress in negotiations. It is stated that Washington and Tehran have agreed on a path that could lead to a final agreement within the next 60 days.

The details of the proposed plan remain vague; however, several media outlets report that both sides are willing to compromise on key issues. Reports suggest that the U.S. is prepared to ease some sanctions in exchange for guarantees of Iran's complete abandonment of uranium enrichment. The Iranian side, in turn, insists on the lifting of all sanctions imposed by previous administrations and guarantees that such restrictive measures will not be imposed again. Iranian officials also emphasize the need to respect their sovereign rights and to ensure non-interference in the country's internal affairs.

Today's trading session is unlikely to be busy, as no significant economic data is scheduled for the first half of the day. The only expected release is the Eurozone Consumer Confidence Index for June. This indicator is one of the leading indicators of consumer sentiment and willingness to spend, which can influence consumer spending dynamics and, consequently, economic growth in the region and the euro area.

In addition to macroeconomic data, investors will pay attention to the speeches of European Central Bank President Christine Lagarde and Deutsche Bundesbank President Joachim Nagel. Remarks from these monetary policy representatives may contain important signals about future monetary tightening—especially with the opening of the Strait of Hormuz. Any hints at changes in interest rates could lead to noticeable movements in the currency market.

As for the pound, trading today is likely to be relatively calm, with few significant external triggers. The absence of fresh macroeconomic data from the UK means the pair will likely remain within the recently formed price range.

In the absence of news flow, traders will likely focus on technical support and resistance levels that define the boundaries of the current range.

If the data aligns with economists' expectations, it is best to act according to the Mean Reversion strategy. If the data significantly exceeds or falls short of economists' expectations, the Momentum strategy would be most suitable.

Momentum Strategy (on breakout):

For the EUR/USD pair:

• Buy on a breakout of level 1.1450, which may lead to a rise of the euro to around 1.1485 and 1.1527;
• Sell on breakout of level 1.1440, which may lead to a decline of the euro to around 1.1414 and 1.1385;

For the GBP/USD pair:

• Buy on a breakout of level 1.3230, which may lead to a rise of the pound to around 1.3249 and 1.3285;
• Sell on a breakout of level 1.3189, which may lead to a decline of the pound to around 1.3166 and 1.3131;

For the USD/JPY pair:

• Buy on a breakout of level 161.85, which may lead to a rise of the dollar to around 162.04 and 162.24;
• Sell on a breakout of level 161.56, which may lead to a decline of the dollar to around 161.33 and 161.10;

Mean Reversion Strategy (on return):

For the EUR/USD pair:

• Look for short positions after an unsuccessful breakout above 1.1474 on return under this level;
• Look for long positions after an unsuccessful breakout above 1.1447 on return to this level;

For the GBP/USD pair:

• Look for shorts after an unsuccessful breakout above 1.3239 on return under this level;
• Look for longs after an unsuccessful breakout above 1.3194 on return to this level;

For the AUD/USD pair:

• Look for shorts after an unsuccessful breakout above 0.7024 on return under this level;
• Look for longs after an unsuccessful breakout above 0.6997 on return to this level;

For the USD/CAD pair:

• Look for shorts after an unsuccessful breakout above 1.4196 on return under this level;
• Look for longs after an unsuccessful breakout above 1.4163 on return to this level;

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

Miroslaw Bawulski,
Analytical expert of InstaSpot
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