The US dollar is expected to remain strong across the board. EUR/USD and GBP/USD are likely to continue their decline in the medium term. USD/JPY is bullish, but intervention by BOJ is a risk. AUD/USD and USD/CAD are awaiting key data releases. Gold is under downward pressure, while silver may be finding support. Equity markets may be volatile depending on economic data releases. Keep an eye on central bank pronouncements and potential interventions.

British Pound (GBP/USD):

• Trend: Bearish with correction underway
• Support: 1.2664, 1.2623, 1.2602, 1.2566
• Resistance: 1.2693, 1.2735, 1.2806
• Trading Tips: Sellers can enter near resistance at 1.2693 with a target of 1.2664. Bulls can wait for a break above 1.2735 for confirmation of an uptrend resumption.
• Key Points: The British pound may decline today despite hawkish comments from BoE policymakers. No major economic data releases are scheduled for the UK today.

Japanese Yen (USD/JPY):

• Trend: Bullish with potential intervention by BOJ
• Support: 159.00, 158.23, 157.59, 157.33, 156.56
• Resistance: 160.20
• Trading Tips: Bulls can enter near support at 159.00 with a target of 160.04, but be aware of potential intervention by BOJ. Sellers can wait for a break below 157.59 for confirmation of a downtrend resumption.
• Key Points: The Japanese yen may weaken further today, but BoJ intervention is a possibility. Focus on US core PCE inflation data that could impact future Fed rate decisions.

Australian Dollar (AUD/USD):

• Trend: Downward bias with focus on CPI data release
• Support: 0.6635, 0.6591
• Resistance: 0.6685, 0.6729
• Trading Tips: Watch for volatility around the release of Australian CPI data. A higher than expected inflation reading could strengthen the AUD.
• Key Points: The Australian dollar may decline today ahead of the release of Australia’s CPI data tomorrow.

Canadian Dollar (CAD/USD):

• Trend: Neutral with focus on CPI data release
• Support: 1.3637, 1.3614
• Resistance: 1.3675, 1.3695
• Trading Tips: Watch for volatility around the release of Canadian CPI data. A lower than expected inflation reading could weaken the CAD.
• Key Points: The Canadian dollar may experience some volatility today ahead of the release of Canada’s CPI data.

Gold (XAU/USD):

• Trend: Downward bias with some support possible
• Support: 2315, 2300, 2285, 2250, 2225-2220, 2200
• Resistance: 2334, 2369, 2388.10, 2400, 2450
• Trading Tips: Bulls can try to enter near support at 2315, but the overall trend is bearish. Sellers can look for a break below 2300 for confirmation of a downtrend continuation.
• Key Points: Gold prices may remain under pressure due to the hawkish Fed and strong US economic data. A break below $2315 could lead to further declines.

Important Events to Watch:

• Germany: Consumer Sentiment Index (Released today)
• US: New Home Sales (Released today)
• US: Consumer Confidence Index (Released today)
• France: French legislative elections (June 30th)
• Australia: CPI data (Released later)
• Canada: CPI data (Released later)