Can PCE data rescue the dollar? JPY, EUR, GBP setup in playThe latest U.S. PCE report is set for release at 8:30am EDT, with both headline and core inflation expected at 0.1% month-on-month.
As the Fed’s preferred inflation measure, today’s figures could influence interest rate expectations. A stronger print may reduce the case for a July rate cut, while a softer result could add pressure on the U.S. dollar.
The dollar has already weakened this week amid speculation over central bank independence (trump is reportedly considering nominating Fed chair Jerome Powell’s successor earlier than normal in order to undermine the current chair).
Pairs to watch include, EUR/USD, GBP/USD, USD/JPY with symmetrical triangle formations suggesting breakout potential in either direction for all once the data hits.
Jpy
NZDJPY to continue in the upward move?NZDJPY - 24h expiry
The primary trend remains bullish.
The selloff has posted an exhaustion count on the intraday chart.
Preferred trade is to buy on dips.
Risk/Reward would be poor to call a buy from current levels.
Bespoke support is located at 87.30.
We look to Buy at 87.30 (stop at 87.10)
Our profit targets will be 88.00 and 88.20
Resistance: 87.80 / 88.00 / 88.20
Support: 87.20 / 87.00 / 86.80
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Bearish drop off pullback resistance?USD/JPY is rising towards the resistance level which is a pullback resistance that lines up with the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 144.61
Why we like it:
There is a pullback resistance level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 146.11
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Take profit: 142.70
Why we like it:
There is a pullback support level that aligns with the 100% Fibonacci projection.
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CHFJPY: Massive bullish breakout taking place.CHFJPY is highly overbought on its 1D technical outlook (RSI = 77.325, MACD = 1.496, ADX = 39.317), having crossed above its 1 year High (R1), staging a bullish breakout much like April 28th 2023. This is a direct outcome of the 1D Golden Cross, following also 1 year of accumulation. A 1W closing over the R1 validates a bullish extension to the 2.0 Fibonacci (TP = 194.000).
See how our prior idea has worked out:
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Bullish bounce?NZD/JPY is falling towards the support level which is a pullback support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 87.562
Why we like it:
There is a pullback support level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 87.34
Why we like it:
There is a pullback support that aligns with the 50% Fibonacci retracement.
Take profit: 87.98
Why we like it:
There is a pullback resistance level that lines up with the 145% Fibonacci extension.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBP/JPY Bullish Flag (25.06.2025) The GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Bullish Flag Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 198.46
2nd Resistance – 199.00
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Downtrend Slowing – Recovery Opportunity After Correction?USD/JPY: Downtrend Slowing – Recovery Opportunity After Correction?
Hello TradingView community!
Today, let's focus on analyzing the USD/JPY pair, which is showing interesting developments after its recent correction.
🌍 Macro Overview: USD/JPY Under Current Pressures
The market is observing shifts in the dynamics of the USD/JPY pair:
UOB Group's 24-Hour View: The USD experienced a sharp decline from 148.02 on Monday to 144.49, despite being "oversold". This indicates a slowing in the downtrend, though caution remains.
Retest Expected: According to UOB Group, there's a likelihood of USD/JPY retesting the 144.50 level before a more sustained recovery can be expected.
Downside Limited: A drop below 144.50 cannot be ruled out, but based on current momentum, any further weakness is unlikely to reach 144.00.
Resistance Levels: On the upside, resistance levels are noted at 145.20 and 145.55.
Overall, USD/JPY is in a phase of seeking equilibrium after a significant decline.
📊 Technical Analysis & USD/JPY Trading Plan
Based on the USD/JPY chart (H4/M30) you provided:
Overall Trend: The pair has undergone a relatively deep corrective decline after reaching a local peak, but appears to be seeking a strong support zone.
Key Price Levels:
Crucial Resistance (SELL Zone): Clearly at 144.894 - 145.178. This is an confluence area of Fibonacci levels and local highs where selling pressure could emerge strongly.
Important Support (Potential BUY Zone): Around 143.800 - 143.500. This represents a potential bottoming area where demand might be strong enough to push the price higher.
Projected Price Action: After the sharp decline, USD/JPY might retest the 144.50 area. If it holds above key support levels, an upward move towards resistance zones is plausible, as indicated by the arrows on the chart.
🎯 USD/JPY Trading Plan:
BUY ZONE: 143.800 - 143.500
SL: 143.400
TP: 144.000 - 144.200 - 144.500 - 144.800 - 145.000 - 145.200 - 145.500
SELL ZONE: 144.894 - 145.178
SL: 145.300
TP: 144.700 - 144.500 - 144.200 - 144.000 - 143.800 - 143.500
⚠️ Key Factors to Monitor:
US and Japanese Economic Data: Upcoming reports on inflation and employment from both nations could significantly impact Fed and BoJ policy expectations.
BoJ Policy Decisions: Any shifts in the Bank of Japan's stance will create strong volatility for the JPY.
Global Risk Sentiment: Changes in overall market sentiment can also affect JPY crosses.
Trade smart and stay informed! Wishing everyone a successful USD/JPY trading day!
Bullish bounce?USD/JPY is falling towards the pivot which is an overlap support and could bounce to the 1st resistance that lines up with the 23.6% Fibonacci retracement.
Pivot: 144.35
1st Support: 143.09
1st Resistance: 145.29
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBP/JPY Triangle Breakout (25.06.2025)The GBP/JPY Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 195.96
2nd Support – 195.37
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AUD/JPY at Risk of Breakdown as Bullish Momentum FadesAUD/JPY failed to follow through on a bullish breakout above 94.00, despite initial signs of strength from a bullish hammer and inverted H&S pattern. The pair has since printed a bearish engulfing candle on the daily chart to take prices near the lows of its range of the past week.
With the 1-hour RSI (2) hitting oversold levels, a minor bounce is possible, but risks remain skewed to the downside. A break beneath 93.70 would confirm a range breakdown and open the door to a deeper pullback towards the high-volume node (HVN) at 93.85.
Matt Simpson, Market Analyst at City Index and Forex.com.
Potential bearish drop?USD/JPY is reacted off the support level which is an overlap support and could drop from this level to our tak eprofit.
Entry: 144.96
Why we like it:
There is an overlap support level.
Stop loss: 146.11
Why we like it:
There is a pullback resistance level.
Take profit: 142.70
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZD/JPY - Triangle Breakout (23.06.2025)The NZD/JPY Pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 86.35
2nd Support – 86.00
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Falling towards pullback support?USD/JPY is falling towards the support level which is a pullback support that is slightly below the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 145.11
Why we like it:
There is a pullback support level that is slightly below the 50% Fibonacci retracement.
Stop loss: 143.85
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci retracement.
Take profit: 147.58
Why we like it:
There is a pullback resistance level.
njoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURJPY - Over-Bought Big Time!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURJPY has been overall bullish trading within the rising channel marked in blue. However, it is currently retesting the upper bound of the channel.
Moreover, the green zone is a major weekly supply.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and weekly supply.
📚 As per my trading style:
As #EURJPY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Potential bullish rise?USD/JPY has reacted off the pivot which is a pullback support and could rise to the 1st resistance which is a pullback resistance.
Pivot: 145.00
1st Support: 142.59
1st Resistance: 148.57
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Heading into pullback resistance?USD/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 145% Fibonacci extension and also slightly below the 100% Fibonacci projection and could drop from this level to our take profit.
Entry: 146.77
Why we like it:
There is a pullback resistance level that lines up with the 145% Fibonacci extension and also slightly below the 100% Fibonacci projection.
Stop loss: 148.54
Why we like it:
There is a pullback resistance level.
Take profit: 145.31
Why we like it:
There is an overlap support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
USDJPY: Ready for Wave 5?USDJPY is showing a strong bullish wave structure, with a clear path toward higher levels based on Elliott Wave Theory. After a successful breakout from a multi-year consolidation, price action appears to be completing a Wave (4) correction thereby setting the stage for a Wave (5) rally.
Based on the bullish structure and projected continuation:
1st Target = 157.78
2nd Target = 177.41
Final Target = 209.16 Full wave extension, top of macro channel
With support holding above ¥140.00 and a bullish bounce forming, this could mark the Wave C bottom of (4), setting the stage for the next major leg up.
Disclaimer:
This analysis is for informational and educational purposes only and does not constitute financial advice. Markets are dynamic and unpredictable.
GBPJPY hinting of a weighty 3k pip rise from 195.0. /\GBPJPY has always been resilient for the past 5 years as far its upward trajectory goes -- registering only 3 technical corrective phase since March of 2020 -- then proceeding for further price growth every after corrective seasons.
After touching its parabolic high of 208, pair hibernated healthily back to demand zone to 0.5 fib levels.
Now, the pair is on its 3rd corrective phase since 2020 which has started last July 2024.
Based on our diagram above, this month June 2025 it finally registered its first bear clearance in more than 2 years - conveying of a massive shift in trend. last time this signal surfaced was on April 2023, which has produced a 3000 pips rise thereafter.
Expect some significant ascend series from hereon pricewise after this major shift.
The north journey has started during its low retest of 0.5 FIB levels at 180.0 price zone -- now, already up 1600 pips from that price tap.
This 0.5 fib retest has been historically been a strong support for GBPJPY. This is where most buyers converge based on long term metrics.
More price growth is expected in the next few weeks with weighty targets up there (about 3k pips). Its not overnight but you know the directional context.
Spotted at 195.0
Mid Target previous peak at 208.0
Long term target: 225.
AUDJPY: Sell opportunity.AUDJPY is basically neutral on its 1D technical outlook (RSI = 56.422, MACD = 0.430, ADX = 19.989), ranging inside the 1D MA200 and 1D MA50 since the start of May. The last bullish wave top of the Channel Down got rejected around those levels and targeted the S1 Zone. Short, TP = 90.150.
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GBPJPY LONG & SHORT FORECAST Q2 W25 D20 Y25GBPJPY LONG & SHORT FORECAST Q2 W25 D20 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Daily order block
✅15' order block
✅Intraday breaks of structure
✅4H Order block
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
USD/JPY(20250620)Today's AnalysisMarket news:
The Bank of England kept interest rates unchanged at 4.25%, and the voting ratio showed that internal differences were increasing. Traders expect the bank to cut interest rates by another 50 basis points this year.
Technical analysis:
Today's buying and selling boundaries:
145.32
Support and resistance levels:
146.35
145.96
145.72
144.93
144.68
144.30
Trading strategy:
If the price breaks through 145.72, consider buying, and the first target price is 145.96
If the price breaks through 145.32, consider selling, and the first target price is 144.93