Analyst's view of the Forex market on 06/21/2023

Hello. Below are some recommendations for trading in the Forex market on 06/21/2023


For EURUSD formed a Doji pattern. When last time I was talking about correction targets, for some reason I forgot about the middle of FVG 1.0890, from which we actually rebounded today. In general, for now, of course, it is debatable, but I will start to look narrowly at the purchases within the day, with the expectation of growth to the previous highs of 1.1091. It is doubtful that we will go into a deep downward correction.


The nearest correction targets were also made on the USDCAD pair and the Pin bar was not completed a bit. In the statistics of transactions, there is still a good preponderance of buyers, which should contribute to a fall in prices. I'm considering selling here, with targets around 1.3046.


USDJPY reached level 142, 22 and formed an Absorption pattern . It seems to me that the goals from above have not yet been made here and we will definitely pass the level. But perhaps we are going into a downward correction. I would look for buys around 140.41 if we go down there.

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