EUR/GBP, “Euro vs Great Britain Pound”
EURGBP is trading at 0.8952; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 0.8940 and then resume moving upwards to reach 0.9095. Another signal in favor of further uptrend will be a rebound from the support level. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 0.8905. In this case, the pair may continue falling towards 0.8810. To confirm further growth, the asset must break the descending channel’s upside border and fix above 0.9005, thus indicating the completion of a Head & Shoulders reversal pattern.
AUD/JPY, “Australian Dollar vs Japanese Yen”
AUDJPY is trading at 75.82; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 75.55 and then resume moving upwards to reach 77.85. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 75.05. In this case, the pair may continue falling towards 74.10. To confirm further growth, the asset must break the descending channel’s upside border and fix above 76.55.
XRP/USD, “Ripple vs US Dollar”
After completing a significant correction, XRPUSD is trading at 0.2929 above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.2820 and then resume moving upwards to reach 0.3190. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.2740. In this case, the pair may continue falling towards 0.2605.
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EUR/USD: The 1.1400 region holds the downside
EUR/USD came under late selling pressure and receded to the area of multi-day lows around 1.1460 following the firm bounce in the Greenback in the wake of the Fed’s interest rate decision and the hawkish tilt at Powell’s press conference. US markets will be closed on Thursday due to the Juneteenth holiday.
GBP/USD weakens further, confronts 1.3400
GBP/USD is currently under increasing selling pressure, testing the 1.3400 support level on Wednesday, amidst a robust recovery in the Greenback following the Fed's decision to maintain rates and Chief Powell's hawkish remarks during his press conference.
Ripple Price Prediction: XRP targets $2.65 signaling potential technical breakout
Ripple (XRP) offers signs of a bullish reversal after extending losses 9% from its recent highs at $2.34. Meanwhile, the cross-border money transfer token is trading around $2.15, while sentiment remains relatively calm in the broader crypto market.
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