DAILY TECHNICAL ANALYSIS FOR JULY 20, 2022
EUR/USD
Current level – 1.0242
The resistance level at 1.0270 is still holding the bulls at bay and the pair is consolidating just below this zone. A confirmed breach of the mentioned key resistance would pave the way for the pair towards the next key resistance zone at 1.0383. However, a development of a short-term consolidation in the range of 1.0180 – 1.0270 is a highly possible scenario, before the bulls could attempt to take control and lead the pair above the resistance at 1.0270. On the other hand, if the bears prevail and manage to violate the support at 1.0186, then the pair would most probably head towards a test of the support at 1.0115. During today’s trading session, the most important economic news that would be of interest to the market participants, will be the U.S. existing home sales data (14:00 GMT).

USD/JPY
Current level – 138.28
During yesterday’s trading session, the pair made a slight upward movement that was limited at the resistance at 138.42 and the expectations for today’s trading session are for a downward movement and a test of the support at 137.40, where a successful breach would give the sellers an opportunity to target the next significant support zone at 136.70. However, if the bulls prevail, then we may instead expect an upward movement towards the high at 139.21.

GBP/USD
Current level – 1.2012
The bulls are facing difficulties in overcoming the resistance at 1.2045 and the pair is hovering just below this level. If the bulls manage to violate the mentioned resistance, then the most probable scenario is for the GBP/USD to head towards a test of the critical resistance at 1.2120. However, before the market is able to find a clear direction, the pair could remain locked in the range of 1.1962 – 1.2045. If the bears manage to take control over the market, then we may witness a deeper price correction towards the support at 1.1912.

Gold price within negative pattern

Gold price’s recent trades are confined within bearish pennant pattern that appears on the chart, thus, breaking 1705.00 will provide negative motive that assist to push the price to break 1700.00 and confirm opening the way to achieve our negative targets that reach 1650.00.
On the other hand, we should note that breaching 1715.00 will lead the price to start recovery attempts and achieve bullish correction that its targets begin by testing 1735.25.
The expected trading range for today is between 1685.00 support and 1725.00 resistance.
The expected trend for today: Bearish
Source: Technical analysis
Comments (41)
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Житель США отправился на рыбалку с подругой, поймал крупную рыбу и побил рекорд штата Колорадо, державшийся с 1947 года. Об этом сообщает Kiowa County Press.
Удача улыбнулась Тиму Дэниелу из города Грэнби. 23 мая рыболов отправился вместе с подругой Карен и псом по кличке Лось на озеро Монарх. По его утверждению, он не собирался устанавливать никаких рекордов. Однако вскоре ему на крючок попалось нечто крупное. «Я не знал, что именно это было, но сразу понял, что улов большой. Я много лет рыбачу в северо-западном Колорадо и ловил крупных рыб», — рассказал Дэниел.
Как выяснилось, мужчине удалось поймать американскую палию весом 3,55 килограмма. В конце июля представители Колорадского управления парков и дикой природы официально признали, что Дэниел побил 75-летний рекорд штата по ловле этого вида. Ранее самой крупной палией в истории штата считалась рыба весом 3,46 килограмма, пойманная в озере Верхний Катаракт в 1947 году.
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