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Usd/Jpy 02-May-2025 AnalysisDisclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.
by easyMarkets
GBPJPY Breakout Play: Will the Retest Fuel the Next Rally? GBPJPY recently broke out of a descending trendline and resistance zone, fueling a strong bullish move past 193. With momentum slowing, price is now pulling back — setting up a textbook retest opportunity. Key Zones: Breakout Support / Demand Zone: 190.500–191.150 Price to Watch: 191.147 — potential retest and bounce zone Next Target: 194.500–195.000 supply area Scenarios in Focus: 1. Bullish Retest: A clean bounce from the 190.5–191.1 demand zone could trigger a strong continuation toward 195. 2. Deeper Pullback: A break below 190.5 would invalidate the bullish structure in the short term. Volume profile shows heavy accumulation below, adding confluence to the support. Patience is key — wait for bullish confirmation around 191.
Long
by Profx001
EUR/USD Trendline Breakout + Demand Zone Rejection Price action has broken through a well-respected descending trendline after multiple rejections, signaling a potential bullish reversal. The latest structure shows a clear sweep of liquidity below the previous low, followed by a strong bullish engulfing and confirmation from a demand zone bounce. 🔹 Entry: Taken post-trendline break and bullish confirmation 🔹 Stop Loss: Placed below the recent demand zone and liquidity sweep 🔹 Target 1: 1.13581 🔹 Target 2: 1.13895 🔹 Risk-Reward: 2.52+ Volume and volatility are showing early signs of expansion, supporting the bullish outlook. Will be monitoring price reaction around 1.1350–1.1360 zone for partials.
Long
by riskyricky
AUDJPY at Key Resistance Level: Will it Drop To 92.850?OANDA:AUDJPY is approaching a key resistance level that has previously acted as a strong barrier, triggering bearish momentum in the past. Given its historical significance, how price reacts here could set the tone for the next move. If bearish signals emerge, such as rejection wicks, bearish candlestick patterns, or signs of weakening bullish pressure, I anticipate a move toward the 92.850 level. However, a clear breakout above this resistance could challenge the bearish outlook and open the door for further upside. It's a pivotal area where price action will likely provide clearer clues on the next direction. Just my take on support and resistance zones, not financial advice. Always confirm your setups and trade with a proper risk management. Best of luck!
Short
by TrendDiva
15
Stay within the trend line and wait for US NFP news🔔🔔🔔 EUR/USD news: ➡️ EUR/USD is climbing above the 1.1300 level during Friday’s European session, rebounding from a three-day losing streak that had pushed the pair to its lowest level in over two weeks. The recovery is being driven by profit-taking on the US dollar as traders adjust their positions ahead of the upcoming US Non-Farm Payrolls (NFP) report. Personal opinion: ➡️ EUR/USD will remain in a trending position after a significant increase today and await the results of the US NFP data ➡️ Analysis based on resistance - support levels and trend lines combined with EMA to come up with a suitable strategy Personal plan: 🔆Price Zone Setup: 👉Sell EUR/USD 1.1345 - 1.1355 ❌SL: 1.1390 ​​| ✅TP: 1.1300 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
5
GBPUSD 1 hour time ⚙️ Technical Overview (GBP/USD – 1H) 🧱 Pattern Formation: A clear Double Top pattern is visible, which is a bearish reversal signal. The neckline sits around 1.3280 – price is currently hovering near it. If price breaks below the neckline with momentum, it would confirm the pattern and trigger a bearish move. 📉 Key Levels: Immediate Resistance: 1.3299 – 1.3300 (previous highs, also the double top peaks) Neckline (critical support): 1.3280 zone — current structure support Downside Targets (if neckline breaks): 1.31728 (first key support – prior structure area) 1.30382 (major support from previous breakout zone) 📏 Potential Measured Move: The height from the top (~1.3340) to neckline (~1.3280) is ~60 pips. Projection from neckline break gives a target around 1.3220 as the initial bearish goal. If bearish momentum is strong, the next targets are 1.3172 and 1.3038. 🧠 Outlook & Bias: Short-term bias: Bearish if price breaks below neckline (~1.3280) with volume or momentum. Invalidation: A return above 1.3310 and break of top (~1.3340) invalidates the pattern. 📌 Potential Trade Setup (For Educational Use): Entry: Break and close below 1.3280 Stop Loss: Above 1.3310–1.3320 TP1: 1.3220 TP2: 1.3172 TP3: 1.3038 (strong demand zone)
by Forexbeats
USDJPY 1 day ⚙️ Technical Overview (USD/JPY – 1D) 📉 Trend & Structure: Rising wedge pattern has been broken to the downside, which is typically a bearish reversal signal. Price has retested the broken trendline from below near the 147.30 resistance level, confirming structure rejection. Clear breakdown below both ascending trendlines. 📊 Key Levels: Resistance: 147.32 (marked on chart, rejected after trendline break) Minor resistance around 145.90–146.50, former support area turned resistance. Support: Nearest horizontal support: 135.00 – 136.00 zone Major support (and target of measured move): 122.73, also aligned with prior consolidation zone from 2022. 📏 Measured Move: A measured move suggests a potential drop of -8.43% (~1,229 pips) from the wedge top to the lower trendline support around 133.00–122.70 range. This aligns with a long-term target near 122.73, which is a major structural level. 🧠 Outlook & Bias: Bias: Bearish Momentum: Strong breakdown with retest failure indicates bearish momentum is intact. Confirmation: A daily close below 144.50 could further confirm downside continuation. 📌 Potential Trade Idea (Not Financial Advice): Entry: After confirmation below 144.50 or aggressive entry on current retest failure. SL: Above 147.50 (last swing high & trendline). TP: First target at 136.00; second target at 122.70
Short
by Forexbeats
EUR/USD – Rejection at Supply Zone! Will Bears Take Over?EUR/USD just tapped into a key supply zone at 1.13277, and the price is showing immediate rejection with a strong bearish candle — classic reaction from a liquidity area. Technical Breakdown: Supply Zone (Resistance): 1.13277–1.13300 Resistance Reaction: Sharp wick and red candle signal rejection Next Support Levels: Minor: 1.13028 Major Demand Zone: 1.12729 Price Action Insight: This could be the beginning of a short-term correction or even a reversal if 1.13028 breaks. Sellers are clearly active above 1.1327, and a clean break below 1.1302 may open the door to revisit the 1.1272 demand area. Bearish Scenario: Entry: Below 1.13028 TP1: 1.12729 SL: Above 1.13300 (Use proper risk management) Bullish Invalidated? Unless bulls reclaim and hold above 1.1327 with strong volume, upside may be limited. Keep an eye on: Upcoming EUR & USD news events (marked on the chart) Volume confirmation on breakdown Lower timeframe structure shifts Comment below: Do you think this rejection will lead to a deeper drop? #EURUSD #ForexTrading #PriceAction #SupplyAndDemand #LuxAlgo #ReversalSignal #EUR #USD #TechnicalAnalysis #ForexSetup #TradingView
Short
by FrankFx14
GBP Gains as Tariff Risk Stays LowThe British pound rose to $1.332, near its highest level since February 2022, supported by a weaker U.S. dollar. Sterling gained 3.2% in April, its best month since November 2023. The UK is seen as less exposed to U.S. tariffs, which President Trump has delayed until July. In 2024, the U.S. ran a $12 billion goods surplus with the UK, unlike its deficits with China and the EU, reducing trade risk. The pound also benefits from expectations that the Bank of England will be more cautious than others in cutting rates. Markets expect about 85 basis points of easing this year, which is in line with the Fed. Investors now await key U.S. jobs and inflation data for dollar direction. If GBP/USD breaks above 1.3430, the next resistance levels are 1.3500 and 1.3550. Support levels are at 1.3200, followed by 1.3050 and 1.2960.
by ChartMage
Euro Slips to $1.13 After Strong AprilThe euro dipped toward $1.13 on May 1 after a 5% April gain, as the dollar found support in Trump’s optimism about trade deals with India, Japan, South Korea, and China. Markets awaited Friday’s U.S. jobs data for Fed policy clues. The U.S. economy shrank 0.3% in Q1, partly due to import spikes ahead of expected tariffs. Meanwhile, the Eurozone grew 0.4%, driven by strong domestic demand. German inflation eased to 2.1%, though core rose slightly, while France’s annual rate held at 0.8%. Resistance levels are seen at 1.1460, then 1.1580 and 1.1680, while support rests at 1.1260, followed by 1.1200 and 1.1150.
by ChartMage
Yen Near 146 as Trade Hopes WeighThe yen hovered near 146 per dollar Friday after a 1.6% drop, pressured by weaker safe-haven demand amid improving US-China trade prospects. China is open to talks after repeated U.S. outreach, while Japan and the U.S. wrapped up a second round of bilateral talks, aiming for a June deal. Domestically, Japan’s jobless rate rose to 2.5% in March, but the labor market stayed tight. The Bank of Japan held rates at 0.5% and cut its growth and inflation outlooks, signaling limited chances of near-term hikes. Resistance is located at 145.90, followed by 146.75 and 149.80. On the downside, support levels are at 139.70, then 137.00 and 135.00.
by ChartMage