Trading Analysis

Sell USDJPY
PENDING

USD/JPY Faces Heavy Resistance Near 161.20: Is a Technical Pullback Finally Due?

USD/JPY is testing the 161.20 area after the US dollar surged following the Federal Reserve's hawkish guidance. While the broader trend remains bullish, intervention risks from Japanese authorities and overextended technical indicators increase the probability of a short-term correction....

Gerik

Buy XAUUSD
PENDING

Gold Attempts to Reclaim $4,200: Can Buyers Reverse the Fed-Driven Selloff?

XAU/USD is attempting to stabilize around 4,200 after a sharp decline triggered by the Federal Reserve's hawkish policy outlook and a stronger US dollar. ...

Gerik

Buy GBPJPY
Trading

Bank of England Holds Rates Steady as Two Policymakers Back a 25-bps Hike

The Bank of England kept interest rates unchanged, but policymakers maintained a hawkish bias, with inflation risks remaining the central focus of monetary policy.

Eva Chen

Sell XAUUSD
Trading

Gold Remains Bearish; A Rebound Toward $4,300 Could Be Followed by Another Selloff

Gold extended its decline during Thursday's European session, slipping below $4,250 and remaining under pressure. While easing geopolitical tensions in the Middle East have helped limit losses, the broad-based strength of the US dollar following the Federal Reserve's hawkish policy shift has continued to weigh heavily on bullion.

Eva Chen

Buy USDJPY
PROFIT +392 Points

USD/JPY Surges Toward 161.00 as Yield Gap Favors Dollar

USD/JPY climbed toward 161.00 on Thursday, reaching its highest level since July 2024 as the wide interest-rate gap between the United States and Japan continued to support the Dollar. While Japanese officials renewed intervention warnings, traders remain focused on the strong yield advantage favoring the Greenback.

Warren Takunda

Sell GBPUSD
PROFIT +134 Points

GBP/USD Under Pressure as Markets Price Higher US Rates

GBP/USD fell to fresh two-month lows near 1.3200 on Thursday as a hawkish Federal Reserve fueled broad US Dollar strength, overshadowing stronger-than-expected UK employment data and the Bank of England's decision to keep rates unchanged.

Warren Takunda

Sell EURUSD
Trading

EUR/USD Extends Weekly Losses After Fed's Hawkish Hold

EUR/USD fell to a two-month low near 1.1480 on Thursday as a hawkish Federal Reserve and weakening German economic outlook boosted demand for the US Dollar. Rising Treasury yields and growing expectations of another Fed rate hike added further pressure on the Euro.

Warren Takunda

Sell EURUSD
Trading

Economic Recession to Drive EUR/USD Down to 1.15

The European Central Bank raised its key interest rate, stating that “the war in the Middle East is causing inflationary pressures.” This marks the first rate hike since September 2023, following seven consecutive meetings in which rates were kept unchanged.

Tank

Sell GBPUSD
Trading

Short Sellers Celebrate as GBP/USD Breaks Below 1.34

Data released Thursday by the U.K. Office for National Statistics showed that the U.K.'s International Labor Organization (ILO) unemployment rate fell to 4.9% in the three months ending in April, down from 5.0% in March. This figure was lower than the market's general expectation of 5.0%.

Tank

Buy EURCHF
PENDING

Retest of Key Moving Lines Offers Entry Points to Rejoin the Trend

If the price action manages to test this specific floor while pushing the RSI below the 30 boundary, it could establish the most favorable technical conditions to buy into the trend.

Manuel

Buy EURCAD
Trading

Quick Corrective Pullback Finds Stable Floor at Key Structural Zone

This upward bounce also aligns perfectly with the local horizontal support floor at 1.6206, a zone that additionally functions as a psychological round-number level.

Manuel

Buy GBPUSD
LOSS -1754 Points

GBP/USD Eyes Fresh Highs Above 1.3400 as Fed Decision and BoE Meeting Drive Market Focus

GBP/USD is trading around 1.3397 as investors position ahead of the Federal Reserve decision and the Bank of England meeting...

Gerik

Buy EURUSD
LOSS -401 Points

EUR/USD Holds Above 1.1595 Ahead of the Fed: Buyers Eye a Breakout While Volatility Builds

EUR/USD is trading around 1.1595 as investors await the Federal Reserve's policy decision while assessing the European Central Bank's recent tightening stance....

Gerik

Buy AUDUSD
LOSS -350 Points

AUD/USD Rebounds Toward 0.7070: Can Bulls Extend the Breakout After Central Bank Signals?

AUD/USD continues recovering toward 0.7070 as traders digest the Reserve Bank of Australia's hawkish pause and await the Federal Reserve's policy decision...

Gerik

Buy GBPJPY
LOSS -1384 Points

Bullish Structure Remains Intact Near 214.90, Trend Reversal Unlikely Before a Test of 160.00

GBPJPY is currently trading around 214.90. Although the pair has posted substantial gains in recent months and may face short-term profit-taking pressure, the broader trend remains firmly bullish from a higher-timeframe perspective. Unless price decisively breaks below the key structural support at 160.00, there is insufficient evidence to suggest a major trend reversal. The medium- to long-term outlook therefore remains constructive.

Eva Chen

Buy USDJPY
PENDING

BoJ’s Rate-Hike Rationale Shifts, but Yen Weakness Remains Intact

The Bank of Japan’s decision to justify rate hikes on the basis of rising inflation risks marks a significant shift in its policy framework—from pursuing a stable achievement of the 2% inflation target to preventing inflation from becoming entrenched. Although the central bank has successfully stabilized market sentiment, the yen continues to trade near historical lows. Against the backdrop of coordinated stabilization efforts by the BoJ and Japan’s Ministry of Finance, USDJPY is likely to remain range-bound at elevated levels in the near term.

Eva Chen

Sell WTI
PROFIT +752 Points

Oil Extends Losses on Prospects of Renewed Iranian Exports

WTI crude remained under pressure near $75.60 on Wednesday as investors priced in the return of Iranian oil exports ahead of a US-Iran agreement. While uncertainty surrounding the Strait of Hormuz limited losses, improving supply expectations continued to weigh heavily on prices.

Warren Takunda

Buy USDJPY
PROFIT +489 Points

USD/JPY Holds Above 160 Despite Stronger Yen Demand

The Japanese Yen edged higher on Wednesday as investors trimmed Dollar positions ahead of the Federal Reserve's policy decision. However, USD/JPY remained above 160.00 as the wide interest-rate gap between the United States and Japan continued to support the Greenback.

Warren Takunda

Buy USDCAD
PROFIT +175 Points

USD/CAD Strengthens on Lower Oil and Fed Expectations

USD/CAD climbed above 1.4000 on Wednesday as optimism surrounding a potential US-Iran peace agreement pushed oil prices lower, weakening the Canadian Dollar. Investors are now awaiting the Federal Reserve's policy decision for fresh direction.

Warren Takunda

Buy USDJPY
PROFIT +597 Points

The Shoe Drops! Will USD/JPY Turn Downward?

The Bank of Japan raised interest rates on Tuesday to their highest level since 1995 and announced plans to gradually reduce its government bond purchases; these factors combined to bolster the yen.

Tank

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