0527: Bearish USD/JPY: BoJ Rate Hike Expectations Hello traders,
In the futures market, I once again came across a more "interesting" piece of data. The COT position data showed that the speculative long positions in the Japanese yen soared to 167,330 contracts, reaching an extreme level not seen in recent years.
★ I would like to present another set of data:
✔ In April, the price of rice in Japan soared by 98.4% year-on-year, marking the largest monthly increase since 1971. This increase was even higher than the 92.1% in March.
✔ The Japanese government cancelled subsidies for gas and electricity in March, causing energy prices to rise by 9.3%.
✔ Japan's core CPI excluding fresh food rose by 3.5% year-on-year, higher than 3.2% in March. This is the fifth consecutive month of core inflation above 3%.
✔ Meanwhile, the Japanese economy contracted by 0.7% in the first quarter of 2025, marking the first negative growth since the first quarter of 2024.
✔ Within 45 days, the yield on Japan's 30-year government bonds soared by 100 basis points, reaching a record high of 3.20%. Over 500 billion US dollars of 40-year Japanese government bonds, regarded as "safe assets", have depreciated by more than 20% in the past 6 weeks.
Technically, weekly chart, UJ has make a bearish reversed bowl top and now this pair is targeting south running beneath WEEKLY EMAs.
The support zone that be test triple would become resistance zone very soon.
The weekly selling targets are marked out on this chart!
Based on the latest market trends and the policy signals from the Bank of Japan, there is a high probability that the Bank of Japan will raise interest rates at its next meeting (expected to be in June 2025). It is now the time to buy the expectation and sell the reality.
GOOD LUCK!
LESS IS MORE!
Forex market
double topHope yall like my chart. i put hundreds of seconds making this chart just so yall can make some money. now to explain the chart. there is a double top on the left high, an inverse h/s on the neckline, and predictably it will probably try to form another double top on the right high but obviously it all depends on the news. could just continue but the set up is double top.
GBP-JPY Resistance Cluster! Sell!
Hello,Traders!
GBP-JPY made a retest
Of the resistance cluster
Of the rising and horizontal
Resistance lines around 193.989
And we are already seeing a
Bearish reaction so we will be
Expecting a further bearish
Move down
Sell!
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Potential bullish rise?GBP/AUD has bounced off the pivot, which acts as an overlap support and could rise to the 1st resistance, which lines up with the 61.8% Fibonacci projection.
Pivot: 2.0789
1st Support: 2.0703
1st Resistance: 2.1072
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.
Bullish momentum to extend?GBP/CHF has bounced off the pivot, which is a pullback support and could bounce to the 1st resistance.
Pivot: 1.1076
1st Support: 1.0987
1st Resistance: 1.1252
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.
Bullish bounce?EUR/GBP is falling towards the pivot and could bounce to the 1st resistance, which has been identified as an overlap resistance.
Pivot: 0.8377
1st Support: 0.8326
1st Resistance: 0.8461
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.
Bullish bounce off pullback support?EUR/AUD has bounced off the pivot, which is a pullback support, and could rise to the 1st resistance, which acts as a pullback resistance.
Pivot: 1.75099
1st Support: 1.73653
1st Resistance: 1.77533
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.
Bearish drop off overlap resistance?AUD/JPY is rising towards the pivot, which acts as an overlap resistance and could reverse to the 1st support which is also an overlap support.
Pivot: 93.36
1st Support: 91.10
1st Resistance: 94.07
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.
Falling towards 61.8% Fibonacci support?AUD/NZD is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 1.0750
1st Support: 1.07095
1st Resistance: 1.08521
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.
GBPJPY Monday candle closed as bullish engulf..Buyers in controlMonday daily candle closed as bullish engulf hinting that this pair is starting to going up.
Where to enter buy?
Zoom in into smaller timeframe 4hr, 1hr, 15min and wait for the buy price action.
Personally, i would like to see the price to react at "Resistant become Support" zone that i marked in the chart.
No price action in lower TF, no trade.
Good luck.
calculate your own risk & reward.
Bearish reversal?NZD/JPY is rising towards the pivot and could reverse to the 1st support.
Pivot: 86.38
1st Support: 84.37
1st Resistance: 87.07
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/USD Weekly zone!The price is currently located at a strong weekly zone, where sellers have their stop-losses placed above it, and buyers have pending buy orders just above the same level.
This creates a high probability that big players will push the price above the zone to trigger the stop-losses of sellers and activate the buy positions of those waiting to enter long.
What almost always happens next is the following:
The price then drops back below the zone, taking out the buyers as well.
That’s why at strong zones on higher timeframes, a false breakout is often expected.
EURJPY Wave Analysis – 26 May 2025
- EURJPY reversed from key support level 161.40
- Likely to rise to resistance level 165.00
EURJPY currency pair recently reversed up from the key support level 161.40 (which has been reversing the price from the middle of April), coinciding with the lower daily Bollinger Band
The upward reversal from the support level 161.40 created the daily Japanese candlesticks reversal pattern Long Legged Doji.
EURJPY currency pair can be expected to rise to the next resistance level 165.00, which has been reversing the price from last November.
Trump tariffs spark market jitters....again | FX ResearchAsian markets have shown mixed performance on this Monday. Treasury Secretary Bessant announced plans to relax the supplementary leverage ratio this summer, potentially lowering government borrowing costs by enabling banks to trade more treasuries, while dismissing concerns about rising US bond yields.
However, US fiscal challenges persist with deficits over 6% of GDP and a 120% debt-to-GDP ratio—historically stabilised only by high inflation or asset bubbles—raising doubts about sustainable debt reduction without fiscal reform. President Trump's recent moves, including a 50% tariff on European goods, a 25% levy on foreign smartphones, and the blocking of international students at Harvard, continue to fuel market uncertainty, amplified by US and UK market closures for public holidays.
Key US data this week includes the FOMC minutes, GDP estimates, and the core PCE price index.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
EUR_GBP RISKY LONG|
✅EUR_GBP is going down to retest
A horizontal support of 0.8380
Which makes me locally bullish biased
And I think that we will see a rebound
And a move up from the level
Towards the target above at 0.8414
LONG🚀
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EUR/JPY: Bulls Warming Up for the Next Leg !!Hey Traders
Price is holding above key structure and showing signs of bullish continuation. If momentum sustains, buyers could push price toward higher targets.
🎯 Target: 164.140
📌 (Not financial advice)
#EURJPY #ForexSetup #BullishBias #SmartMoney #PriceAction #FXTrading #TechnicalAnalysis #EuroYen
USD-CAD Bearish Bias! Sell!
Hello,Traders!
USD-CAD is trading in a
Downtrend and the pair
Made a bearish breakout
Of the key horizontal level
Of 1.3774 which is now a
Resistance and the pair is
Making a local pullback
To retest the new resistance
From where we will be
Expecting a further
Bearish continuation
Sell!
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Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.