GER 40 (DAX40 index) breaks lower
The DAX40 index fell further after continuing the bearish rally from last month. A fall below the base of a previous bounce at 19100 suggests that sellers are still in control of the direction, forcing buyers to bail out. As the mood turns downbeat again, the bulls might be wary of further downward pressure, which could attract more sellers. 18700 would be the next level to see if there will be a further collapse. 19350 is the first hurdle to clear, ease the pressure, and push prices to consolidate.
EURGBP holds onto gains
The pound slipped after fresh unemployment numbers showed weaker-than-expected results. A decisive break above the daily resistance of 0.8300 indicated that bulls’ have their eyes on an extended rebound. 0.8380 is the upcoming target, and 0.8440 at the origin of the liquidation at the beginning of the month is the next milestone. This breach could pave the way for a bullish continuation. As the RSI moves into the neutral zone, 0.8300 now becomes the primary support.
CADJPY hitting higher highs
The Canadian dollar maintained its bullish stance after hitting continuous higher highs. On the chart, the mood remains upbeat as price action recently broke through the psychological resistance at 111.00. A close above the said level would raise bids to the short-term peak of 111.70. Failing that, a drop below 110.50 might put the significant support of 109.80 at risk.
![Credit Card 160×600 [EN]](https://assets.iorbex.com/blog/wp-content/uploads/2023/06/13144507/Blog-Banner_EN-Banner_160X600X2.webp)
