Main Trading Ideas on Forex and Cryptocurrency Market for 13.06.2018

June 13, 2018 9:09 am

Yesterday British employment data was published. Claimant Count decreased by 7 700 against predicted rising by 11 300. But Average Earnings statistic was bearish. Excluding and including Bonus indexes both lessened by 0.1%. So mixed influence from data made currency pairs with GBP a little more volatile but didn’t change their main direction. Today’s data is more significant. We expect the release of Consumer Price Index. The GBPJPY currency pair is testing $148 resistance. If it rebound, there will be a double top. Pattern target lying at $145 support. Also, on 1Day chart moving averages EMA50 and EMA200 made a bearish crossover. So we recommend selling GBPJPY with take profit at $145 and Stop Loss over $148.

NGAS (Natural Gas)
Natural Gas made a bullish flag above 200-day moving average. EMA50 is coming closer to EMA200. Soon we can see a bullish crossover. Flag’s lower border is the strong support level 2.87. So we recommend buying NGAS on lower border and close the deal two parts, at 2.98 and at 3.15.

So our targets for:
GBPJPY – 145
NGAS (Natural Gas)- $3.15