GBPJPY Wave Analysis – 22 May 2026

- GBPJPY reversed from support zone

- Likely to rise to resistance level 214.40

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The dollar took a step back amid expectations of a deal

Rumours of a U.S.-Iran agreement weighed on the dollar.

The Fed may resume its rate-cutting cycle.

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Bitcoin is shy to move up, but refuses to fall

The crypto market continues to fluctuate, returning for the third time this week to market capitalisation levels around $2.57T, although at the end of last week it dipped to $2.5T following an earlier surge to $2.7T in May. Over the past 24 hours, the top-performing coins have been Near Protocol (+7.3%), Internet Computer (+4.1%) and Toncoin (+3.4%). Uniswap has seen the biggest decline, falling by 1.6%, whilst Bitcoin Cash and Litecoin have each lost 1%.

Bitcoin fell to $74.3K on Saturday but was trading just above $77K by Monday. Its price movements remain very subdued, with no sharp spikes, and it continues to lag behind stock indices, which are climbing towards all-time highs. On the other hand, the trend of buying on dips is also clearly continuing. The 50-day moving average remains a support level, but buyers are wary of accelerating their purchases. They are likely somewhat put off by the lack of a ‘final capitulation’ in the leading cryptocurrency, which could have brought the bear market to an end.

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Near Wave Analysis – 25 May 2026

- Near broke resistance zone

- Likely to rise to resistance level 3.135

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🗓 Economic Calendar at 2026/05/26 (GMT)

14:00 🇺🇸 CB Consumer Confidence — Exp: 91.9 Actual: 93.1


[Updated in real time]

Stellar Wave Analysis – 25 May 2026

- Stellar reversed from support level 0.1450

- Likely to rise to resistance level 0.1825

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S&P 500 Wave Analysis – 25 May 2026

S&P 500: ⬆️ Buy

- S&P 500 index broke resistance level 7525.00

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Merck Wave Analysis – 25 May 2026

- Merck broke resistance level 115.00

- Likely to rise to resistance level 125.00

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We’re excited to announce that Cerebras CBRS.O is now available for trading at FxPro. The AI chipmaker’s Nasdaq debut became the biggest IPO of 2026 so far.

A Landmark AI IPO

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The crypto market is juggling altcoins

The crypto market remains stagnant, stuck at $2.57T and hovering around the 50-day moving average, awaiting further signals. The crypto market’s overall sideways movement looks like a juggling act for mid-tier altcoins: one after another takes the lead. Among the most popular coins over the last 24 hours are NEAR Protocol (+14%), The Graph (+5.6%) and Toncoin (+4.5%). The underperformers were Zcash (-5.9%), Dash (-4.1%) and Uniswap (-3.1%).

Bitcoin rose to $77.8K at the end of the day on Monday, but by the start of trading in Europe, it was trading $1,000 lower. The coin is finding support near the upward-sloping 50-day moving average. Earlier in May, the 200-day moving average briefly acted as strong resistance. If current trends continue, these lines will cross in just a couple of weeks, forming a golden cross, a strong bullish signal. But even before that, we may see a breakout of one of the key moving averages, the outcome of which will determine the trajectory of Bitcoin and the entire crypto market for the coming weeks.

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Three scenarios for EURUSD

An escalation of the conflict in the Middle East will send the euro tumbling.

A deal between the US and Iran could trigger a rollercoaster ride for EURUSD.

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🇺🇸 US Pre-Market: Mostly Positive 📈

Following the long weekend, positive momentum is prevailing in the US stock market pre-market.

In the Information Technology sector, NVIDIA (NVDA) is up 1.33%, while Apple (AAPL) is up 0.69%.

In the Financials sector, JPMorgan Chase (JPM) is up 0.56%, while Visa (V) is down 0.57%.

In the Energy sector, Exxon Mobil (XOM) is down 1.05%, while Chevron (CVX) is down 1.03%.

The strength of mega-cap leaders is creating a risk-on environment in which demand for the dollar as a safe-haven asset is limited: short-term USD dynamics remain subdued and will largely depend on the interest rate differential and Fed expectations rather than a domestic flight to quality.

▶️ Pro News Flash: EURUSD Faces a Perfect Storm

💵 The US dollar has paused its rally as geopolitical tensions in the Middle East create fresh uncertainty across global markets. While Donald Trump claims negotiations with Iran are progressing, renewed clashes around the Strait of Hormuz are keeping investors on edge.

📉 The euro remains under pressure as the European Central Bank signals a less aggressive path for future rate hikes. ECB official François Villeroy de Galhau stated that inflation has not yet shown major second-order effects, reducing expectations for tighter monetary policy in the Eurozone.

🏦 Meanwhile, the Federal Reserve is turning increasingly hawkish. Christopher Waller warned that discussing rate cuts while inflation remains elevated would be “madness,” reinforcing expectations that US interest rates could rise further into 2026.

🛢️ Oil prices remain the key wildcard. If the Strait of Hormuz fully reopens and tensions ease, falling energy prices could reduce inflation pressures and weaken the US dollar. This would increase the chances of Fed rate cuts and potentially fuel a rebound in EURUSD.

⚠️ However, the risks of renewed escalation remain high. Any collapse in negotiations between the US and Iran could disrupt global oil shipments once again, pushing inflation higher and strengthening demand for the dollar as a safe-haven asset.

📊 With central bank expectations, oil prices and geopolitical risks all colliding at once, EURUSD could be heading for a period of extreme volatility as traders reassess the future path of both the Fed and the ECB.

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