USD/JPY: resistance building up between 108.90/109.15 [Video]

Richard Perry Independent Analyst

USD/JPY

A recent run of neutral to negative candlesticks has once more questioned the ability of the bulls to drive a breakout forward. The failure to stamp their authority following the move above 109.00 must be seen as a concern, especially given the lack of conviction in momentum. Now with an intraday breach of 108.65 (a higher low from the mid-last week) sees focus turn squarely on the 11-week uptrend. (today at 108.45). However, there is an increasing deterioration in momentum with the Stochastics crossing lower, MACD lines slipping and RSI also falling. This is all confirmed through the hourly chart where the market is trading below a clutch of falling moving average, and hourly momentum turns increasingly corrective. There is now resistance building up between 108.90/109.15 as the near term run of lower highs builds. A closing breach of 108.65 and subsequently below the 11-week uptrend opens the key support at 107.90.

Author

Richard Perry

Independent Analyst

EUR/USD consolidates around 1.0900, bullish bias remains ahead of key US data

The EUR/USD pair is seen consolidating its strong gains registered over the past two days and oscillating in a narrow band during the Asian session on Tuesday. Spot prices currently trade around the 1.1900 mark, just below an over one-week high touched the previous day.

GBP/USD tilts bullish as markets barrel toward mid-week NFP print

GBP/USD is holding a broader bullish structure on the daily chart, with price trading well above the 50 Exponential Moving Average at 1.3507 and the 200 EMA at 1.3310, confirming the intermediate uptrend that has been in place since the November 2025 low near 1.2300.

Gold falls below $5,050 as traders await US jobs data

Gold price attracts some sellers near $5,035 during the early Asian session on Tuesday. The precious metal edges lower amid improved risk sentiment and some profit-taking. Traders brace for key US economic data later this week, including delayed employment and inflation reports.

Litecoin eyes $50 as heavy losses weigh on investors

Following a strong downtrend across the crypto market over the past week, Litecoin holders are under immense pressure. The Bitcoin fork has trimmed about $1.81 billion from its market capitalization since the beginning of the year, sending it below the top 20 cryptos by market cap.

The market is buying everything again but is it dancing on a borrowed floor

The market has a short memory and a fast trigger finger. Last week’s liquidation barely cooled before risk came roaring back, pushing the S&P toward record territory and reinstalling Big Tech as the engine of choice. This is not discovery. It is re exposure.

Ripple exposed to volatility amid low retail interest, modest fund inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.