USDJPY InsightHello to all our subscribers.
Please share your personal opinions in the comments. Don’t forget to like and subscribe.
Key Points
- The armed conflict between Israel and Iran has continued for five days. However, geopolitical risks in the Middle East have eased as Iran reportedly conveyed its willingness to agree to a ceasefire indirectly to the United States.
- U.S. President Trump stated on Truth Social, "Iran should have signed the 'deal' I told them to sign, and everyone must immediately leave Tehran, the capital of Iran."
- The Bank of Japan kept its benchmark interest rate unchanged at 0.5% and announced it will reduce long-term government bond purchases from the current 400 billion yen to 200 billion yen starting April next year.
Key Economic Events This Week
+ June 17: BOJ Interest Rate Decision, U.S. May Retail Sales
+ June 18: U.K. May Consumer Price Index, Eurozone May CPI, FOMC Meeting Results
+ June 19: BOE Interest Rate Decision
USDJPY Chart Analysis
There hasn’t been any major movement around the 144 level yet, but a clear trend is expected to emerge soon. An upward move is anticipated, and in that case, a peak is likely to form near the 148 level. Further direction will be determined once that zone is reached.
Community ideas
Is the breakout near?Today’s chart compares Total Crypto Market Cap 🆚 USDT Dominance - two metrics with a clear inverse correlation.🪞
🧠 Simple logic: when USDT.D drops, people are buying crypto and moving out of stablecoins. When it rises — capital seeks safety.
Since breaking its downtrend in early April, TOTAL shot up and is now consolidating in a bullish pennant — a classic continuation pattern. 📈
Meanwhile, USDT.D is forming a bearish pennant, signaling potential further downside. 📉
Most are still not ready for what’s coming... 🚀
GBPUSD Approaching Key Supply Zone – Watch This Breakout The British Pound is currently trading around 1.3591, showing bullish momentum — but it's now pressing against a major daily supply zone near 1.3620 - 1.3577. This area has historically rejected price action, making it a critical point of interest.
🔵 Key Resistance Zone (Supply): 1.3577 - 1.3620
🔵 Next Support Levels to Watch If Rejected:
• 1.2967 (Mid-level structure & former resistance)
• 1.2744 (Weekly support)
• 1.2273 (High-demand zone + March accumulation zone)
🔻 Bearish Outlook (if rejection occurs):
Expect sellers to step in strongly around this supply zone. A confirmed rejection here could trigger a multi-leg bearish correction toward the 1.2967 level, and possibly even the 1.2470 or 1.2270 demand zones below.
📌 Bullish Case:
A breakout above 1.3620 with strong volume could signal a continuation of the bullish trend, targeting new highs into Q3.
🧠 Strategy Tips:
• Look for bearish candlestick confirmation on the daily around 1.3577 - 1.3620
• Monitor fundamentals — especially upcoming UK & US economic data
• Use a tight SL above the zone if shorting, or wait for a confirmed retest breakout to go long
📅 Timeframe: Daily (1D)
🔍 Indicator: Supply & Demand Visible Range (LuxAlgo)
📊 What are your thoughts — rejection or breakout? Let’s discuss in the comments!👇
#GBPUSD #ForexAnalysis #PriceAction #SupplyAndDemand #SmartMoney #DailyChart #ForexSetup #BreakoutOrBounce #FXCM #LuxAlgo #TradingView #FrankFx
Quick take US indices and the Fed's interest rate decisionQuick look at what can we expect from the Fed's rate decision and press conference on Wednesday.
TVC:DJI
TVC:SPX
TVC:NDQ
Let us know what you think in the comments below.
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DXY ||| • Sell Completed Below Orange Line📉 Pair: GBP/USD
⏱ Timeframe: 4H
🔶 Orange Line = Major S/R Zone
📌 Confirmed Break + Retest
🎯 Profit Locked | Risk Managed
Strategy: Elliott Wave + Parallel Channel + SMC (Break of Structure)
🔶 Status:
Completed Wave 5 inside falling wedge
Sell executed after orange support break
Anticipating accumulation phase > BOS > bullish reversal
📍Key Zones:
Demand zone near 97.455
Resistance near 98.426
🎯 Next Steps: Looking for bullish structure post BOS + Wave 2 pullback.
🔁 Watch for:
Accumulation near lower trendline
Structure shift > Breakout of wedge
Long confirmations in late July – early August
🟢 Plan the trade, trade the plan.
XAU / USD 2 Hour ChartHello traders. Taking a look at the 2 hour chart, my area(s) of interest are marked as I watch several time frames to see what gold's trajectory will be. I am not trying to force or rush a trade, but as a scalper, I am just trying to grab some quick pips from scalp trade set ups in either direction.. Always the same formula for me, that I learned. As soon as I am 30 pips or so in profit (this works when using a high leveraged account) I close 75% of the trade, move my Stop Loss to my entry point ( break even ) and leave the remaining 25% as my runner. When you are trading spot gold in order for you to win a trade, someone or some entity must lose a trade. Be well and trade the trend. Big G gets all my thanks. Let's see how the Pre NY volume goes, as it is starting to come in as of this writing.
GOLD BEARS WILL DOMINATE THE MARKET|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,419.53
Target Level: 3,348.85
Stop Loss: 3,466.65
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 6h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
They called it consolidation. I called it accumulation.Price was coiled in a defined OB + FVG combo — building pressure while the rest of the market slept. The moment we swept the low into the Order Block, the trade became personal. This wasn’t noise — it was alignment.
Why I entered:
Daily FVG + OB overlap — textbook Smart Money entry zone
Volume spike at the OB low, signaling smart accumulation
Structural BOS confirmation on intraday after sweep
What followed was an impulsive push through inefficiencies, climbing level by level toward pre-defined liquidity pools.
Targets:
TP1: 2.6464 — rebalancing zone
TP2: 3.00 — clean inefficiency top
TP3: 3.39 — liquidity magnet
Trade thesis:
Entry was set between 2.05–2.10, stop placed with precision below the OB. No guessing. Just calculated structure + narrative.
I don’t chase moves. I let price come to my zone. And when it does, I strike with full conviction.
Final words:
“Your edge doesn’t scream. It sits quietly in imbalance — waiting.”
EURJPY Will Go Higher From Support! Buy!
Please, check our technical outlook for EURJPY.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 164.890.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 166.192 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
Leg Based Continuation Possible Play📈 USD/JPY – 15M Chart (Scalping to Intraday Play)
🕒 June 17, 2025 – Lower Time Frame Setup
Bias: Short-term Bullish Continuation
Structure: Leg-Based Impulse-Pullback-Impulse Model
🔹 Market Structure Insight:
Price recently completed a strong impulsive move (LEG 1) on increasing volume.
After a shallow correction into dynamic support (EMA 60), price is attempting a LEG 2 continuation.
EMAs (15 & 60) have bullish alignment and acted as dynamic support.
✅ Buy #1 – Market Execution
Entry: 144.91 (current or recent execution)
SL: 144.38
TP: 145.25
R:R ≈ 1
🧠 Entry based on continuation after bullish flag breakout
✅ Price held higher low structure + EMA confluence
✅ Buy Limit #2 – Pullback Opportunity
Entry: 144.59 (highlighted zone between EMAs)
SL: 144.37
TP: 145.25
R:R ≈ 3.0
🧠 Designed to catch a retest into the mid-range and volume base
➕ Risk minimized, reward optimized
➕ Matches possible HL (higher low) setup if price dips before pushing
⚠️ Risk Management Notes:
Overlap with prior resistance zone just above TP (145.20–145.40): partial TP or trail advised.
Invalidated if price closes below 144.30 on strong volume (breaks structure).
If LEG 2 matches or exceeds LEG 1 in strength, extended targets above 145.50 possible.