USDJPY Bullish Pullback Setup – Targeting 145.800
USDJPY has broken out of the previous downtrend structure and is now showing a potential bullish continuation pattern.
- The recent impulse move from the demand zone (highlighted in blue) confirms buying interest around 143.600.
- The current pullback could offer a buy opportunity, especially if the price retests the 143.600 support zone or forms a higher low.
- As long as the price holds above this key support, we expect the pair to continue upward toward the next major resistance at 145.800.
USDJPY is forming a clean bullish correction after an impulsive move up. If support at 143.600 holds, the next bullish leg could extend to 145.800. Watch for bullish confirmation near the pullback zone.
Cleartradingmind
AUDJPY Bounce or Breakdown? Key Levels Ahead
AUDJPY is currently showing bullish signs after a Change of Character (CHoCH) occurred at the 93.800 level. This breakout suggests potential for upward continuation.
The ZigZag structure also supports a bullish wave continuation, with the next Fibonacci-based target around 94.840.
A possible pullback remains valid as long as the price stays above the support zone at 92.700. Any breakdown below that level could weaken the bullish structure.
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📍 4H Chart Analysis (Supportive Confirmation)
On the higher timeframe (4H), the market appears to be forming an Inverse Head and Shoulders pattern , a strong bullish reversal structure.
- The price is currently building the right shoulder , with a potential neckline breakout targeting 96.000 , a strong psychological resistance.
- Two major scenarios to consider:
1. ✅ If price breaks above the neckline and sustains above 96.000, it could lead to a strong bullish rally.
2. ❌ If price fails to complete the pattern and breaks below the shoulder zone at 92.000, it may trigger a bearish move instead.
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🧠 Conclusion
As long as 92.700 holds , the 1H bullish scenario remains valid with a near-term target of 94.840 . The 4H chart adds strong structure support via the developing Inverse Head & Shoulders, favoring buyers — unless invalidated by a breakdown below 92.000.
📈 Active Bullish Setup (Above 92.700)
🎯 Target: 94.840 | Max Bull Potential: 96.000
🛑 Invalidation Below: 92.700 / 92.000 (4H shoulder base)
EURNZD: Double Confluence with Fibonacci and Head & Shoulders
EURNZD shows a potential bearish reversal setup after hitting the resistance zone at 1.9100 . The price has rejected from the 0.786 Fibonacci retracement level , aligning closely with the psychological resistance at 1.9100 — forming a double confluence.
A potential short-term retracement is expected toward the 1.88300 zone, which is projected by the 1.618 Fibonacci extension and acts as a round figure support level .
🟩 Key Levels:
- Resistance: 1.9100 (also recent swing high)
- Expected Target: 1.88300
- Invalidation Above: A clean breakout and close above 1.9100
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📍 4H Chart Analysis
A Head and Shoulders pattern is clearly forming on the 4H timeframe. The price is currently testing the neckline zone , and if a breakdown occurs, it may confirm a deeper bearish movement , adding higher timeframe support to the bearish idea.
This structure further strengthens the bias that the recent bullish retracement might have ended, and the next leg could be downward toward the expected zone.
The confluence of Fibonacci levels on the 1H chart and the bearish Head & Shoulders formation on the 4H chart suggests that bears might take control below 1.9100 . As long as the price stays under this key resistance, the bearish outlook remains valid, targeting 1.88300.
EURUSD Trendline Breakout – Bullish Target Ahead
EURUSD has successfully broken out of a strong descending trendline, which was acting as dynamic resistance for weeks. The breakout is backed by strong bullish candles and clear higher lows forming.
After the breakout, the price also reclaimed a key horizontal support zone around 1.12573, turning it into a solid base for further upside.
🎯 Bullish Target (Expected):
First major bullish target at 1.13864 based on the 1.618 Fibonacci extension from the last swing move.
📌 Support: 1.12573
📌 Breakout Confirmation: Valid as long as price holds above the trendline and support.
📈 Outlook:
The momentum looks strong for further bullish continuation. If the price holds above the breakout zone, we expect a move toward 1.13864 in the coming sessions.
EURAUD Squeeze: Box Breakout Ahead
EURAUD has been moving sideways inside a clear consolidation box pattern between 1.75200 (resistance) and 1.74000 (support).
✅ A Double Top has formed at the top of the box
✅ A Double Bottom has formed at the bottom of the box
This setup signals a potential breakout move is building up. The market is coiling and could soon release strong momentum in one clear direction.
🚀 Bullish Breakout Scenario
If price breaks and closes above 1.75200, we can expect continuation toward:
📌 1.75765 (Fibonacci 1.618 extension – 1st target)
📌 Even higher levels possible if momentum continues.
📉 Bearish Breakout Scenario
If price breaks below 1.74000, downside targets are:
📌 1.73277 (Fibonacci 1.618 extension – 1st target)
📌 Further levels may follow if sellers take control.
🔔 My Plan:
Waiting for a clean breakout and retest on either side before entering.
Avoid trading inside the box—no clear trend there.
This setup has strong potential once a direction is confirmed!
AUDJPY Set to Slide – Targeting 91.560
AUDJPY is currently showing signs of a bearish continuation after a corrective pullback from the recent swing low. Price has retraced up to the 0.786 Fibonacci level (92.447) and is now stalling below the key resistance zone near 93.200, which aligns with the 0.382–0.5 retracement levels. This confluence zone acts as a supply area, increasing the probability of downside movement.
🟩 Support Zone to Watch:
A major support and expected price reaction is anticipated around 91.560, which coincides with the 1.618 Fibonacci extension level. Further continuation may test deeper zones near 91.093 or even 90.800 if bearish momentum strengthens.
📰 Fundamental Outlook:
- 🇦🇺 Australia RBA Policy Hold: The Reserve Bank of Australia (RBA) held interest rates steady recently, signaling cautious optimism but refrained from any hawkish guidance. Markets have priced out further hikes, weakening AUD sentiment.
- 🇯🇵 BOJ Dovish Shift Easing: The Bank of Japan has started to unwind ultra-loose policy, hinting at more flexibility in yield control. This has brought some relief to the JPY, adding pressure on JPY pairs like AUDJPY.
- 📉 Risk Sentiment Cooling: Global equities have shown weakness due to concerns over slower Chinese growth and geopolitical tensions, making safe-haven assets like the Japanese Yen more attractive.
EUR/USD Breakout Watch: All Eyes on 1.12700 Zone
EUR/USD is showing a potential bearish setup after rejecting the strong resistance zone around 1.13800 and forming a Change of Character (ChoCh) at the 1.13100 level. The pair has bounced from the strong support zone at 1.12700 , but structure suggests that a break below this level could confirm a bearish continuation.
🔎 Technical Breakdown:
- Price has respected the lower high structure and retraced to the 0.786 fib level near 1.12975.
- A clear breakdown below 1.12700 support would likely trigger a wave down toward the 1.12100 expected target , which aligns with the 1.618 fib extension.
- If price breaks and holds above 1.13800 resistance , this bearish setup becomes invalid.
📰 Fundamental Drivers Supporting Bearish Bias:
- 🇺🇸 US Dollar Strengthening: Recent U.S. economic data including better-than-expected ISM Services PMI and non-farm payrolls continue to support a strong dollar, limiting EUR upside.
- Federal Reserve Hawkish Stance: Fed officials remain cautious about rate cuts. A prolonged pause or delay in easing continues to attract capital back into USD.
- 🇪🇺 Eurozone Weakness: The ECB has signaled a possible rate cut by June, supported by falling inflation and slowing growth in Germany and France. This diverging policy path weakens the Euro.
Yield Spread Pressure: The widening bond yield spread between U.S. and European bonds favors USD accumulation.
// As long as EUR/USD trades below 1.13800, the bias remains bearish. A confirmed breakdown below 1.12700 could open the door to 1.12100 and deeper targets like 1.11600. //
AUDNZD Bulls Eyeing a Recovery from Key Support Zone
📉 After a sharp fall, AUDNZD has tapped into a well-defined support zone around 1.07800, forming a possible retracement setup.
📊 Technical Insight:
- Price reacted strongly from the support zone, hinting at buyer interest.
- RSI on the 1H chart is rebounding from the oversold area , suggesting potential bullish momentum.
- Expected retracement target: 1.08245 , a previous resistance level.
📰 Fundamental Boost:
- AUD remains resilient despite global risk sentiment due to improving commodity prices, especially in iron ore — a key Australian export.
On the NZD side, recent RBNZ dovish commentary has slightly weighed on the Kiwi, adding a supportive tone for AUDNZD upside.
📌 Invalidation:
If price breaks and closes below the 1.07800 support zone, this setup becomes invalid.
GBPAUD Turns Bearish After Major Support Break – Eyes on 2.05110
The GBPAUD pair has broken decisively below the key support zone at 2.07000 , which previously acted as a base for multiple rebounds. This breakdown confirms bearish momentum and opens the path toward deeper retracement levels.
📉 Technical Breakdown:
- Price has closed below the 0.786 Fibonacci level (2.07778), signaling continuation.
- The next measured support target lies near 2.05110, aligning with the 1.618 Fibonacci extension and historical demand structure.
- RSI continues trending downward, showing no signs of bullish divergence , indicating sustained selling pressure.
📰 Fundamental Backdrop:
- Recent Australian CPI data came in stronger than expected , reinforcing RBA’s hawkish stance. This supports AUD strength.
Meanwhile, the UK economic outlook remains fragile due to inflation uncertainty and soft retail data.
Rising expectations that RBA may pause cuts or hike sooner vs. a dovish BOE adds fuel to this downside move.
🔍 Outlook & Trade Plan:
- Bias: Bearish below 2.07000
- Target Zone: 2.05110 (short-term)
- Confirmation: Price sustains below broken support, with pullbacks rejected near 2.07000
- Invalidation: Bullish breakout back above 2.07778 zone with strong volume
This zone breakdown is technically clean and backed by macro sentiment. I’ll monitor price action closely if a minor retest toward 2.07000 occurs, to consider entering a sell on rally setup .
EURJPY 4H Chart: Breakout or Reversal? My Full Plan Inside!
📈 EURJPY 4H Chart - My Trading Plan
In the EURJPY 4-hour chart, I observe that the trend is moving higher, clearly visible when connecting the recent highs and lows with a manual zigzag line.
A critical zone is forming around the Double Top near 164.00 , which also acts as a strong supply area.
This is the major challenge ahead: for the bullish trend to continue, price must break and hold above this 164.00 resistance.
However, based on the current momentum, I believe the bulls have enough strength to push beyond this level.
🛡️ Role of Support Line
I have drawn the support line to highlight a potential reversal zone.
If the price fails to break and sustain above 164.00 and instead drops below the support area, it will signal that the double top resistance has held strong, and a deeper pullback could follow.
📊 RSI - Crucial Momentum Signal
The RSI remains above the 50 line and has not dipped below the 30 oversold level since it last touched the 70 overbought zone on March 5th.
This ongoing bullish momentum in RSI supports the idea of a continued uptrend.
🔢 Fibonacci Levels - Target Zones
I have drawn the Fibonacci extension from the recent swing low to high.
If the bullish continuation unfolds, my next key upside targets are:
- 165.350 (1.618 Fib) — Expect 1
- 166.368 (2.0 Fib) — Expect 2
🧠 Plan B - What If I'm Wrong?
If the price fails to break 164.00 convincingly and then breaks below the support line , I will prepare for a reversal trade.
In that case, I plan to double or even increase my lot size to recover any prior losses.
Although this is a higher-risk approach, I have confidence in my strategy.
Let’s trade with discipline and manage risks properly. Let's begin! 🚀
USD/CHF Ready for 92-Pip Bounce After Double Bottom?USD/CHF has been in a steady downtrend, but recent price action suggests a potential shift. A clear double bottom has formed near the 0.8800 level, hinting at strong buyer interest. The pair is now reacting from the 0.786 Fibonacci zone, and with bullish momentum building, it may target the 1.618 extension around 0.8919—about 92 pips higher. If this breakout sustains, further upside toward 0.8950 and above is possible, but failure to break that level could signal continuation of the broader downtrend. This zone is critical—watch closely.
ETH Eyeing Bullish Targets: $2,244 & $2,380On the 4‑hour chart, ETH appears to be carving out a descending wedge pattern (often a bullish formation) while the RSI is trending upward from oversold territory. Here are the key points to watch:
1.Descending Wedge:
- Price has bounced near the lower boundary of the wedge around the mid‑$1,900s.
A break above wedge resistance (roughly in the $2,000–$2,050 zone) could trigger accelerated upside.
2.Fibonacci & Price Targets:
- Expect 1 (~$2,244): First target aligns with a measured move out of the wedge and a key Fib extension zone.
- Expect 2 (~$2,380): Second target corresponds to a higher Fib extension (2.0–2.272), marking a stronger bullish continuation if momentum holds.
3.RSI Confirmation:
- The 4‑hour RSI is turning upward, suggesting improving bullish momentum. A sustained move above 50–55 on the RSI would strengthen the case for further upside.
4.Pullback Risk:
- If ETH fails to break wedge resistance, it may retest support in the $1,900 area. A close below that could delay or invalidate the bullish setup.
Overall, ETH’s structure and momentum suggest a potential move toward $2,244 initially, with a push to $2,380 if buyers maintain control. A break above the wedge and sustained bullish RSI would be the clearest signals for continuation to these higher levels.
EURUSD Consolidates; Watch for a Bearish Pullback
After a strong bullish run, EURUSD has shifted into a sideways phase. The double‐tap near 1.0950 hints at fading upward momentum. Multiple quick breakouts above and below the 200‐period moving average confirm choppy market conditions. However, the short‐term technical bias suggests a push lower toward the 1.0840 zone—about 60+ pips from current levels—before the pair finds firmer support.
(This is a technical view, not financial advice. Always manage risk accordingly.)
AUD/CAD’s Breakout Watch: Targeting 0.91431 & 0.91822
AUD/CAD has been consolidating beneath the 0.90900 resistance—also forming a “double top” region on the chart. A solid break above 0.90900 could confirm a bullish breakout, supported by rising trendline structure and Fibonacci retracements (notably around 0.9058–0.9025). If buyers sustain momentum above this breakout zone, look for a move toward Expect Level 1 at 0.91431 (1.618 Fib extension), and potentially Expect Level 2 at 0.91822 (2.0 Fib extension). Should price fail to hold the breakout, however, the broader downtrend and consolidation could resume.
NZD/USD’s Expanding Triangle Upside: Targeting 0.5728 & 0.5767
NZD/USD appears to be rebounding from the lower boundary of an expanding triangle, indicating a potential bullish continuation. A sustained push above the 0.5650 “reverse level” could drive the pair toward Expect Level 1 (0.5728) and, if momentum persists, Expect Level 2 (0.5767). As long as price holds above the failed-support zone and maintains its upward structure, buyers are likely to keep control, aiming for these key Fibonacci-based targets.
EUR/USD’s Bullish Triangle Breakout: Targeting 1.0612 & 1.0669
EUR/USD has broken above key resistance around the 1.0540 area, completing a bullish triangle pattern. This breakout is supported by rising trendlines and Fibonacci projections, suggesting an upside move toward Expect Level 1 (1.0612) and potentially Expect Level 2 (1.0669). As long as price remains above the breakout zone, buyers appear positioned to keep momentum alive and push toward these higher
EUR/USD Bearish Trigger: 1.0400 Break Targets 1.0323 & 1.0270
EUR/USD is hovering around the 1.0400 support—a key level also marking the lower boundary of its recent flat zone. A definitive break below this threshold could trigger a downside continuation, exposing Expect Level 1 (1.0323) and potentially Expect Level 2 (1.0270). Strong resistance near 1.0530 remains intact, reinforcing the bearish bias. As long as price remains below the broken trendline and fails to reclaim the flat-zone highs, sellers appear poised to drive the pair toward these lower Fibonacci-based targets.
USDCHF Bearish Breakdown on 4H Chart: Double Top FormationUSDCHF has confirmed a Double Top pattern, followed by a trendline breakout, signaling potential downside momentum. The rejection from the resistance zone led to a breakdown, aligning with Fibonacci extension targets. The first bearish target (Level 1) is set at 0.89215, with a further drop toward (Level 2) at 0.88661 if selling pressure continues.
GBP/NZD’s Bullish Rounding Breakout: Targeting 2.2144 & 2.2202The pair appears to be forming a rounded bottom, suggesting a potential bullish continuation. After basing near the 2.1900–2.1950 zone, price has reclaimed key Fibonacci levels (38.2% and 50% retracements), indicating strong buying interest. A sustained break above the 0.786 Fib around 2.2039 sets the stage for an advance toward Expect Level 1 (2.2144) and eventually Expect Level 2 (2.2202). If buyers hold above these Fib supports, the bullish momentum is likely to continue, reinforcing the upside targets on the chart.
Bullish Outlook on 4H Chart: Key Fibonacci Levels in Focus
AUDCAD appears bullish on the 4-hour chart, with the first resistance level (Level 1) at 0.90550. A breakout above this level could drive the pair toward the next key resistance (Level 2) at 0.91257, aligning with Fibonacci retracement levels.
EUR/USD Bullish Outlook Amid CPI Data ReleaseEUR/USD is expected to maintain a bullish outlook, with an anticipated level of 1.03960. If momentum strengthens beyond this point, the next key level to watch is 1.04260. With the upcoming CPI data release today, any negative impact on the USD could further support bullish movement, increasing the probability of reaching the second level at 1.04260.