It has been a bearish week for USD/JPY, even though conditions normally support upside. This suggests positioning may be crowded and starting to unwind, meaning traders could be closing carry trades rather than adding new ones. After the election win by Sanae Takaichi and her Liberal Democratic Party, markets expected USD/JPY to rise. The pair initially moved higher but quickly reversed. A strong NFP report from the United States also caused a short spike higher, but again, s

NFP pushed gold lower from around the 5100 area as stronger US jobs data supported the dollar and pushed yields higher. That combination is typically negative for gold because it does not offer yield, so when real yields rise, gold often faces selling pressure. Technically, the 5000 level is becoming very important. A daily close below 5000 would increase the probability of a downside breakout from the current triangle structure. This level is acting as key support, and losin

The US dollar found support after stronger than expected jobs data, with payrolls, wages, and unemployment all beating forecasts. This reduces near term pressure for Fed rate cuts compared to earlier expectations that increased after soft retail sales and falling yields. The Japanese yen has been strong recently due to lower US yields and reduced political uncertainty after Japan’s election, but stronger US data may slow that strength and help stabilise USD/JPY after its rece

Gold’s pushing right up against $5,000 as the session starts. That level continues to be the key line in the sand, as holding above it keeps bullish continuation potential alive. Up to now, buyers haven’t managed to keep gold above $5,100 for long. The chart is hinting at an ascending triangle, with steady resistance overhead and progressively higher swing lows forming below. USD/JPY 4 Hour Chart The ascending triangle and current market conditions are in favour of gold break

USD/JPY pulled back after Japan’s election as the yen strengthened, despite expectations for post-election weakness, with markets reacting in a “sell the rumour, buy the fact” move and giving Prime Minister Takaichi early confidence after her victory. While her stronger mandate supports pro-growth and fiscal expansion policies, concerns about Japan’s debt levels remain and could keep volatility elevated, especially with traders watching the 160 level as a likely intervention

USD/JPY has rebounded strongly after a sharp drop, bouncing just above major long-term support near 151.91/98. Price is now moving back toward a major resistance zone that has capped upside many times. The broader uptrend is still intact for now, but the price is testing an important technical barrier. USD/JPY is approaching resistance at 157.70 to 158.08, with 158.88 remaining the key level needed to confirm a move back into the main 2025 uptrend. A close above 158.88 could

Ever since the Bank of England's interest rate decision was released, we have seen a significant fall in GBP-USD. Even though the interest rate was not changed, the vote to reduce the rate increased by 2, which actually caused this fall in GBP-USD. And recently, after going to almost 95 area, the dollar index has been rising as global geopolitical tensions are abating. GBP/USD Daily Chart So, GBP-USD is clearly now in a downtrend on this daily time frame. It is trading below

The Bank of England kept rates at 3.75%, but the close 5–4 vote showed policymakers are split, keeping future rate cuts on the table. The pound weakened after the decision as markets priced more easing ahead. At the same time, the U.S. dollar stayed supported as the Fed remains cautious about cutting rates due to sticky inflation. Technically, GBP/USD has dropped from 1.3870 and is now testing support around 1.36. Price came back from the 61.8% Fibonacci level of the recent u

The Bank of England's decision today will matter, but the Japanese Yen could end up having an even bigger influence. GBP/USD is stuck between two big trendlines right now. The main one runs from the 2022 high to the projected highs in 2025, and just last week, the price bumped right up against it. But after President Trump made some comments and the dollar weakened, sellers lost their grip. GBP/USD Weekly Chart In the short term, resistance at 1.3768, a swing high from last S

EUR/USD has already broken below the MACD predictor indicator, and it is trading sideways. So even though the price action does not confirm bearish continuation, the sideways move shows a feeble upward bullish reaction which is looking like just a retracement against solid forward as downward. So downward continuation has great chances because of this breakout of the MACD predictor to the downside, and we will show you on one-hour time frame what else we can wait for in order