TRENDING:

XAU/USD

EUR/USD

USD/JPY Progressive Zig-Zag after the Cup With Handle Breakout

Nenad Kerkez Top-XE

The USD/JPY has formed a bullish cup with handle pattern below the horizontal trend line (red), and at this point, we can see a valid breakout of the pattern. The breakout has formed a progressive bullish zig-zag pattern, and 109.80-90 is a possible bounce spot. If the bounce is validated, next targets should be 110.30 followed by 110.45 and 110.67.

W L3 - Weekly Camarilla Pivot (Weekly Interim Support)

W H3 - Weekly Camarilla Pivot (Weekly Interim Resistance)

W H4 - Weekly Camarilla Pivot (Strong Weekly Resistance)

D H4 - Daily Camarilla Pivot (Very Strong Daily Resistance)

D L3 – Daily Camarilla Pivot (Daily Support)

D L4 – Daily H4 Camarilla (Very Strong Daily Support)

POC - Point Of Confluence (The zone where we expect price to react aka entry zone)

USDJPY Current Trading Positions

Sell 67%

Buy 33%

Avg Sell Price 109.94

Avg Buy Price 109.25

Liquidity Distribution

Author

Nenad Kerkez

Top-XE

AUD/USD stays bid above 0.7100 on Australian trade data, Mideast optimism

AUD/USD clings to minor recovery gains above 0.7100 in the Asian session on Thursday as a new Israel-Lebanon ceasefire keeps a lid on the safe-haven US Dollar. Meanwhile, strong AustralianTrade Balane data also help the Aussie pair sustain the bounce from weekly lows.

USD/JPY hovers near the 160.00 intervention threshold on Mideast tensions

USD/JPY struggles to find acceptance above 160.00 and retreats from a one-month high in the Asian session on Thursday amid fears that authorities will step in again to prop up the Japanese Yen. Furthermore, a new Israel-Lebanon ceasefire caps the US Dollar and supports the currency pair. However, renewed US-Iran tensions keep the downside limited in the Greenback and the pair.

Gold rebounds from one-week low as Israel-Lebanon truce pressures safe-haven USD

Gold gains some positive traction on Thursday and climbs to the $4,475 area during the Asian session, reversing a major part of the previous day's slide to a one-week low. The Israel-Lebanon truce prompts some profit-taking around the US Dollar and supports the commodity.

Ethereum: Long-term holders' capitulation drives ETH below $1,800

Ethereum has fallen below $1,800 on Wednesday, the first time since May 2025 following accelerated spot selling pressure and distributions from long-term holders. The Age Consumed metric, which tracks the movement of previously idle tokens or long-term holders' coins, spiked over the past two days as prices declined, indicating increased selling activity among this cohort.

Kevin Warsh takes the Fed helm: What it means for the US Dollar

The Federal Reserve moves away from the highly predictable "forward guidance" model of the Jerome Powell era to a new “Kevin Warsh environment”, characterized by less communication, more policy surprises, and an increased focus on the Fed's complex balance sheet.

Recession on paper: What really moves the Canadian Loonie now?

Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters in a row, the textbook definition of a technical recession and Canada's first since the pandemic.

USD/JPY Progressive Zig-Zag after the Cup With Handle Breakout

USDJPY Current Trading Positions

Editor's Picks

AUD/USD stays bid above 0.7100 on Australian trade data, Mideast optimism

USD/JPY hovers near the 160.00 intervention threshold on Mideast tensions

Gold rebounds from one-week low as Israel-Lebanon truce pressures safe-haven USD

Ethereum: Long-term holders' capitulation drives ETH below $1,800

Kevin Warsh takes the Fed helm: What it means for the US Dollar

Recession on paper: What really moves the Canadian Loonie now?

Best Brokers in 2026

USDJPY Current Trading Positions

Legal Text

Editor's Picks

Best Brokers in 2026