USDJPY Daily Analysis – June 1, 2023

by ForexCycle.com | June 1, 2023 2:56 am
The USDJPY currency pair has entered a consolidation phase following its previous uptrend from 133.49. Traders are closely monitoring the pair’s price action for potential trading opportunities as it navigates this consolidation period. Currently, there is a...

AUDUSD Daily Analysis – June 1, 2023

by ForexCycle.com | June 1, 2023 2:52 am
The AUDUSD currency pair has experienced an extended downward movement, reaching as low as 0.6457 from its recent peak at 0.6817. The pair remains under pressure, and market participants are closely monitoring its trajectory for potential further...

GBPUSD Daily Analysis – June 1, 2023

by ForexCycle.com | June 1, 2023 2:43 am
The GBPUSD currency pair has been trading in a sideways manner, moving within a range bound by the support level at 1.2307 and the resistance level at 1.2483. This consolidation phase has left traders contemplating the pair’s...

EURUSD Daily Analysis – June 1, 2023

by ForexCycle.com | June 1, 2023 2:37 am
The EURUSD currency pair has experienced a significant extension of its downward movement, reaching as low as 1.0635 from the previous high at 1.1091. Traders are closely monitoring the pair’s price action as it remains below a...