Slobodan Drvenica
Windsor Brokers
USD/JPY
USDJPY firmed further on Monday and partially offset warning from long upper shadow of Friday’s daily candle, as fresh strength looks for retest of pivotal Fibo resistance at 158.22 (76.4% of 160.19/151.85) which capped Friday’s rally.
Firm break here to open way towards targets at 160.00/19 (psychological/2024 high, posted on Apr 29).
Technical picture on daily chart is bullish, although with warning of increased headwinds expected at 158.22 Fibo barrier, as stochastic continues to fluctuate around the borderline of overbought territory.
Near-term bias to stay with bulls while the action stays above 157.00 (broken Fibo 61.8% level.
Res: 158.22; 158.43; 159.00; 160.00.
Sup: 157.16; 157.00; 156.63; 156.00.
Interested in USD/JPY technicals? Check out the key levels
The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.
Recommended Content
Editors’ Picks
EUR/USD falls below 1.1600 ahead of US data
EUR/USD stays under bearish pressure in the European session and trades below 1.1600. The renewed USD strength ahead of weekly Initial Jobless Claims and June Retail Sales data from the US makes it difficult for the pair to hold its ground.
GBP/USD stays near 1.3400 after mixed UK employment data
GBP/USD struggles to build on Wednesday's gains and trades in negative territory near 1.3400 on Thursday. The data from the UK showed that the ILO Unemployment Rate rose to 4.7% in the three months to May, while the Claimant Count Rate remained steady at 4.5%.
Gold retreats from multi-week highs, trades below $3,330
Gold pulls away from the multi-week high it set above $3,370 and trades below $3,330 on Thursday. The modest recovery seen in US Treasury bond yields and the broad US Dollar strength weighs on XAU/USD as markets await data releases from the US.
Top Crypto Gainers: FLOKI, BONK post double-digit gains, CRV targets $1
Solana-based meme coins Floki and Bonk edged lower by 2% at press time on Thursday, following the 30% gains on Wednesday, ranking as top crypto gainers in the last 24 hours. Curve DAO ranks third with a 21% surge following a triangle setup breakout, targeting the $1 psychological level.
China’s first-half growth remains on track, though activity data signals caution
China's second-quarter GDP beat forecasts again with a 5.2% year-on-year growth, driven by strong trade and industrial production. Yet sharper-than-expected slowdowns in fixed-asset investment and retail sales and falling property prices are a concern.
Best Brokers for EUR/USD Trading
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.