USD/JPY is testing the 157.30 intervention zone, where previous BOJ/MoF action triggered sharp drops. Recent price action shows a pattern of sudden declines near this level, especially during early European trade when liquidity is thin. In the short term, this creates a range between ~156 support and 157.30 resistance. Sellers may look to fade moves near 157.30, but this depends on continued intervention. On the downside, the 156 area has held multiple times, making it a key

GBP/USD and EUR/USD turn bearish with key support levels in focus. Watch how upcoming US data impacts the next move. Full analysis on the website.

GBP/USD and EUR/USD turn bearish with key support levels in focus. Watch how upcoming US data impacts the next move. Full analysis on the website.

Gold is trading heavy despite a risk-on environment, after being rejected from the $4660 resistance on the H4 timeframe. Price is now moving inside a structure that looks like a rising wedge, which usually signals potential downside, but the pattern is not fully confirmed since the upper trendline has not been properly tested. For now, there is no clear directional bias, as momentum indicators like RSI and MACD are neutral. Price is sitting in the middle of the range, so it’s

USD weakness driven by softer expectations around Fed policy and upcoming U.S. data is weighing on USD/CHF, while safe-haven demand for the Swiss franc is adding downside pressure. USD/CHF is trading around 0.7785, now below the January trendline, with strong bearish pressure seen over the past two days. A daily close below this trendline would confirm further weakness and open the door toward the 0.7750 target area. The 0.7800 level is key resistance. If price moves back abo

GBP/USD has now broken above the 1.3590 resistance and is trading around 1.3610, confirming a bullish breakout from the previous range. This shift changes the structure from consolidation to continuation, signalling that buyers have regained control after multiple failed attempts at this level. The breakout likely happened due to a combination of strong bullish momentum built over the past four weeks and positioning ahead of key U.S. data. Markets may also be pricing in expec

USD/JPY dropped nearly 500 pips, and market estimates now suggest this was likely a confirmed intervention, with reports indicating around $90B deployed to push the pair down from the 160 area toward 157. This aligns closely with the scale and speed typically seen during past Bank of Japan / Ministry of Finance actions. Historically, the pattern still holds. Volatility spikes sharply on the intervention day, then fades into consolidation over the following sessions. Large fol

Right now, EUR/USD and GBP/USD are being driven mainly by oil prices, not interest rate expectations. Both pairs have shown a very strong inverse correlation with crude over the past week, meaning when oil rises, these pairs tend to fall. This has made energy the dominant factor in FX, outweighing rate differentials and even economic data. The ECB and BoE are both expected to hold rates, and markets have already priced in multiple future hikes. Because of that, today’s decisi

Markets fully expect the Fed to hold rates, so the focus is entirely on the tone of Powell’s statement. Rising oil prices and inflation risks support a hawkish outlook, but Powell may avoid strong signals and leave major decisions to his successor. This creates a binary outcome for the US dollar. A hawkish tone could strengthen the USD, while a neutral hold could weaken it and support EUR/USD. Technically, EUR/USD is holding strong support around 1.1675 and the 200-day EMA, w

The Bank of Japan kept rates unchanged at 0.75%, but the overall message was clearly hawkish. Three out of nine members voted for an immediate hike to 1.0%, signaling that the BOJ may be preparing markets for a possible move as soon as June. Despite weaker near-term growth forecasts due to geopolitical risks, the BOJ expects inflation to stay at or above its 2% target, with core inflation remaining strong. The Bank also highlighted that yen weakness now has a bigger impact on