Psychology for major markets Jun 19

EUR/USD – EUR/USD topside looking more restricted due to geopolitical concerns but may have scope to gain if tariffs return to the top of the agenda

USD/JPY – JPY recovered modestly on the crosses as equities topped out on geopolitics, but failed to build on gains and USD/JPY continues to edge higher above 145.

EUR/GBP – Remains above 0.85 following last week’s weak labour market data, but momentum stalling as CPI holds at high levels.

AUD/USD – Slipping back towards major support area near 0.64 after slightly softer employment data

Equities – S&P looking stretched near 6000 as some significant negative tariff impact still likely and geopolitical risk increasing.