Currency snapshot (major pairs)

Dollar index trading at 95.20 (-0.20%).

Strength meter (today so far) - Euro +0.25%, Franc +0.56%, Yen +1.04%, GBP +0.20%

Strength meter (since last week) - Euro -1.72%, Franc -1.98%, Yen -1.01%, GBP -0.85%

EUR/USD -

Trading at 1.118

Trend meter -

• Long term - Sell, Medium term - Range, Short term - Range/

Support

• Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.106, Immediate - 1.08-1.085

Resistance -

• Long term - 1.175-1.18, Medium term - 1.155-1.16, Short term - 1.14-1.145, Immediate - 1.125-1.132

Economic release today -

• Euro zone business climate deteriorated in June to 0.14 from 0.28.
• Economic sentiment dropped to 103.5 from 103.8.
• Services sentiment improved marginally to 7.9 from 7.8 prior.
• Industrial confidence dropped to -3.4 from -3 prior.
• Consumer confidence remained flat at -5.6.

Commentary -

• Euro opened gap down around 1.10 and traded as low as 1.095, however recovered and traded as high as 1.12 against dollar. Volatility is likely to persist till the referendum on next Sunday.

GBP/USD -

Trading at 1.577

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range/Sell

Support -

• Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512, Immediate - 1.548-1.545

Resistance -

• Long term - 1.592-1.616, Medium term - 1.595, Short term - 1.595, Immediate - 1.582

Economic release today -

• NIL

Commentary -

• Pound showed strength today, but remains trapped, however remains sell against dollar with stop around 1.582 and 1.595 and target around 1.532.

USD/JPY -                      

Trading at 122.5

Trend meter -

• Long term - Buy, Medium term - Range/Buy, Short term - Range/Buy support

Support -

• Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119, Immediate - 122.2-122.6

Resistance -

• Long term - 130, Medium term - 127.5, Short term - 127.5. Immediate - 124.4

Economic release today -

• CPI and unemployment is scheduled at 23:30 GMT.

Commentary -

• Yen is the best performer today, gained as more than 1% against dollar as Greek referendum sparked risk aversion.

USD/CHF -                                                                                         

Trading at 0.927

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range/buy support

Support -

• Long term - 0.88, Medium term - 0.90, Short term - 0.90

Resistance -

• Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987

Economic release today -

• NIL

Commentary -

• Franc gained amid weak dollar today but remains medium term sell against dollar.