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22.06.202115:20 Forex Analysis & Reviews: EUR/USD analysis for June 22 2021 - The bigger upside potential towards 111.65

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Technical analysis:

Exchange Rates 22.06.2021 analysis

USD/JPY has been trading upside as I expected. The USD/JPY is heading towards swing high at 110.93.

Trading recommendation:

Watch for potential buying opportunities on the dips with the upside targets at 110.94 and 111.50.

Stochastic is showing overbought condition but with no signs of reversal

Petar Jacimovic
Analytical expert of InstaForex
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