{"id":173128,"date":"2020-07-03T08:40:56","date_gmt":"2020-07-03T12:40:56","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=173128"},"modified":"2020-07-03T07:58:44","modified_gmt":"2020-07-03T11:58:44","slug":"the-analytical-overview-of-the-main-currency-pairs-on-2020-07-03","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/07\/the-analytical-overview-of-the-main-currency-pairs-on-2020-07-03\/","title":{"rendered":"The Analytical Overview of the Main Currency Pairs on 2020.07.03"},"content":{"rendered":"<div id=\"inves-3880288095\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 3, 2020<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>by <a href=\"https:\/\/justforex.com\/?utm_source=countingpips&amp;utm_medium=article&amp;utm_campaign=analytics_market_overview\" target=\"_blank\" rel=\"noopener noreferrer\">JustForex<\/a><\/strong><\/p>\n<div class=\"ag-analytics-block__daily-forecast\">\n<h2 class=\"ag-analytics_title\">The EUR\/USD currency pair<\/h2>\n<div class=\"ag-analytics_list-title\">Technical indicators of the currency pair:<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Prev Open: 1.12505<\/li>\n<li class=\"ag-analytics_item\">Open: 1.12347<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.11<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.12243 \u2013 1.12492<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.0777 \u2013 1.1494<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">An ambiguous technical pattern has been developed on the EUR\/USD currency pair. The United States published a rather optimistic report on the US labor market for June. The number of jobs in the country increased by 4.8 million. The unemployment rate fell to 11.1% from 13.3%. At the same time, the dollar index has kept current highs. Investors are concerned about the start of a new wave of the coronavirus epidemic. The United States reported more than 55K new cases of COVID-19 yesterday, having set a world record. Currently, the EUR\/USD quotes are consolidating in the range of 1.1215-1.1250, respectively. We recommend opening positions from these marks.<\/p>\n<div class=\"ag-analytics_title\">News feed for 2020.07.03:<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Today, the publication of important economic releases is not planned. US financial markets will be closed due to the holiday.<\/li>\n<\/ul>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2020-07-03.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/eurusd-2020-07-03.jpg\" alt=\"EUR\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not send accurate signals: 50 MA has crossed 100 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is in the negative zone, indicating a bearish sentiment.<\/p>\n<p class=\"ag-analytics_text\">Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which gives a signal to buy EUR\/USD.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 1.1215, 1.1190, 1.1170<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.1250, 1.1285, 1.1310<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.1215, the EUR\/USD quotes are expected to fall. The movement is tending to 1.1190-1.1170.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be the growth of the EUR\/USD currency pair to 1.1280-1.1300.<\/p>\n<\/div>\n<div class=\"ag-analytics-block__daily-forecast\">\n<h2 class=\"ag-analytics_title\">The GBP\/USD currency pair<\/h2>\n<div class=\"ag-analytics_list-title\">Technical indicators of the currency pair:<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Prev Open: 1.24652<\/li>\n<li class=\"ag-analytics_item\">Open: 1.24640<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.01<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.24379 \u2013 1.24866<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.1466 \u2013 1.3516<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The GBP\/USD currency pair has stabilized after a prolonged rally. The pound sterling is currently consolidating. GBP\/USD quotes are testing local support and resistance levels: 1.2450 and 1.2490, respectively. In the near future, a technical correction is possible. The growing risks of the second wave of the coronavirus pandemic put pressure on risky assets. Positions should be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">In June, the composite index of business activity in the UK significantly accelerated from 30.0 to 47.7.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-07-03.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/gbpusd-2020-07-03.jpg\" alt=\"GBP\/USD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not send accurate signals: the price has crossed 50 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is near the 0 mark.<\/p>\n<p class=\"ag-analytics_text\">Stochastic Oscillator is in the neutral zone, the %K line has crossed the %D line. There are no signals at the moment.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 1.2450, 1.2400, 1.2360<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.2490, 1.2530<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.2450, a correction of the GBP\/USD quotes is expected. The movement is tending to the round level of 1.2400.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be the growth of the GBP\/USD currency pair to 1.2530-1.2560.<\/p>\n<\/div>\n<div class=\"ag-analytics-block__daily-forecast\">\n<h2 class=\"ag-analytics_title\">The USD\/CAD currency pair<\/h2>\n<div class=\"ag-analytics_list-title\">Technical indicators of the currency pair:<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Prev Open: 1.35825<\/li>\n<li class=\"ag-analytics_item\">Open: 1.35671<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: -0.17<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 1.35533 \u2013 1.35755<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 1.2949 \u2013 1.4668<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The USD\/CAD currency pair is in a sideways trend. The technical pattern is ambiguous. Participants in financial markets evaluate the US labor market report for June. The local support and resistance levels are 1.3550 and 1.3585, respectively. We recommend paying attention to the dynamics of &#8220;black gold&#8221; prices. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The news feed on the Canadian economy is calm.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-07-03.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdcad-2020-07-03.jpg\" alt=\"USD\/CAD\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not send accurate signals: the price is consolidating near 50 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is in the negative zone, indicating a bearish sentiment.<\/p>\n<p class=\"ag-analytics_text\">Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which gives a signal to buy USD\/CAD.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 1.3550, 1.3525, 1.3490<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 1.3585, 1.3615<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 1.3550, USD\/CAD is expected to fall. The movement is tending to 1.3525-1.3500.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be the growth of the USD\/CAD currency pair to 1.3615-1.3640.<\/p>\n<\/div>\n<div class=\"ag-analytics-block__daily-forecast\">\n<h2 class=\"ag-analytics_title\">The USD\/JPY currency pair<\/h2>\n<div class=\"ag-analytics_list-title\">Technical indicators of the currency pair:<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Prev Open: 107.420<\/li>\n<li class=\"ag-analytics_item\">Open: 107.482<\/li>\n<li class=\"ag-analytics_item\">% chg. over the last day: +0.02<\/li>\n<li class=\"ag-analytics_item\">Day&#8217;s range: 107.435 \u2013 107.567<\/li>\n<li class=\"ag-analytics_item\">52 wk range: 101.19 \u2013 112.41<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">The USD\/JPY currency pair is still consolidating. Unidirectional trends are not observed. Participants in financial markets expect additional drivers. The local support and resistance levels are 107.35 and 107.65, respectively. Demand for the &#8220;safe haven&#8221; currencies is high again. We recommend paying attention to the dynamics of yield on US government bonds. Positions must be opened from key levels.<\/p>\n<p class=\"ag-analytics_text\">The publication of important economic reports from Japan is not planned.<\/p>\n<figure class=\"ag-analytics_img-box\"><a class=\"lightbox\" href=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-07-03.jpg\" rel=\"chapter\"> <img decoding=\"async\" class=\"ag-analytics_img\" src=\"https:\/\/justforex.com\/uploads\/category-analytics-page\/daily-forecast\/usdjpy-2020-07-03.jpg\" alt=\"USD\/JPY\" \/> <\/a><\/figure>\n<p class=\"ag-analytics_text\">Indicators do not send accurate signals: the price has crossed 50 MA.<\/p>\n<p class=\"ag-analytics_text\">The MACD histogram is near the 0 mark.<\/p>\n<p class=\"ag-analytics_text\">Stochastic Oscillator is in the neutral zone, the %K line has crossed the %D line. There are no signals at the moment.<\/p>\n<div class=\"ag-analytics_title\">Trading recommendations<\/div>\n<ul class=\"ag-analytics_list\">\n<li class=\"ag-analytics_item\">Support levels: 107.35, 107.05, 106.80<\/li>\n<li class=\"ag-analytics_item\">Resistance levels: 107.65, 107.85, 108.10<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">If the price fixes below 107.35, USD\/JPY is expected to fall. The movement is tending to 107.00-106.70.<\/p>\n<p class=\"ag-analytics_text\">An alternative could be the growth of the USD\/JPY currency pair to 107.90-108.10.<\/p>\n<\/div>\n<p><strong>by <a href=\"https:\/\/justforex.com\/?utm_source=countingpips&amp;utm_medium=article&amp;utm_campaign=analytics_market_overview\" target=\"_blank\" rel=\"noopener noreferrer\">JustForex<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>by JustForex The EUR\/USD currency pair Technical indicators of the currency pair: Prev Open: 1.12505 Open: 1.12347 % chg. over the last day: -0.11 Day&#8217;s range: 1.12243 \u2013 1.12492 52 wk range: 1.0777 \u2013 1.1494 An ambiguous technical pattern has been developed on the EUR\/USD currency pair. The United States published a rather optimistic report [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-173128","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=173128"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173128\/revisions"}],"predecessor-version":[{"id":173129,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173128\/revisions\/173129"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=173128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=173128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=173128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}