Chart: XAGUSD daily chart
XAGUSD rebounded to the 30.00 threshold after briefly testing the support at 28.20. However, the price has broken below the trendline, indicating a potential bearish shift.
If XAGUSD breaks below the support at 29.60, the price may retreat toward the following support at 28.20.
Conversely, if XAGUSD breaches above the resistance at 30.60, the price could advance further toward the following resistance at 31.50.
XAGUSD rebounded to the 30.00 threshold after briefly testing the support at 28.20. However, the price has broken below the trendline, indicating a potential bearish shift.
If XAGUSD breaks below the support at 29.60, the price may retreat toward the following support at 28.20.
Conversely, if XAGUSD breaches above the resistance at 30.60, the price could advance further toward the following resistance at 31.50.
GBPUSD, 30-minute timeframe chart
👉General outlook
GBPUSD has been trading in a bullish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1.34097.
Set your stop loss at 1.34396 above the previous high ($2.99 loss for 0.01 lot) and take profit at 1.33798 ($2.99 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
👉General outlook
GBPUSD has been trading in a bullish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1.34097.
Set your stop loss at 1.34396 above the previous high ($2.99 loss for 0.01 lot) and take profit at 1.33798 ($2.99 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
What moved the market this week? Our latest market movers round-up reveals the key shifts:
🚀 Top performers:
🔹USDCHF +1.40% — the Swiss franc gained as the greenback strengthened.
🔹USDJPY +1.04% — the yen weakened with a positive risk sentiment.
🔹NZDUSD +0.37% — the kiwi dollar rose as investors took on more risk.
❌ Top losers:
🔹USDMXN –1.10% — the peso weakened despite improved sentiment.
🔹USDZAR –0.78% — the rand faced pressure amid a risk-on market shift.
🔹XAUUSD –0.28% — gold retreated as traders turned to riskier assets.
💬 Easing US–China trade tensions helped boost market sentiment, driving risk-sensitive currencies higher.
Follow @technicalmytips for more expert information
🚀 Top performers:
🔹USDCHF +1.40% — the Swiss franc gained as the greenback strengthened.
🔹USDJPY +1.04% — the yen weakened with a positive risk sentiment.
🔹NZDUSD +0.37% — the kiwi dollar rose as investors took on more risk.
❌ Top losers:
🔹USDMXN –1.10% — the peso weakened despite improved sentiment.
🔹USDZAR –0.78% — the rand faced pressure amid a risk-on market shift.
🔹XAUUSD –0.28% — gold retreated as traders turned to riskier assets.
💬 Easing US–China trade tensions helped boost market sentiment, driving risk-sensitive currencies higher.
Follow @technicalmytips for more expert information
ETHUSD, 15-minute timeframe chart
👉General outlook
ETHUSD has been trading in a bullish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1,810.50.
Set your stop loss at 1,836.50 above the previous high ($2.60 loss for 0.01 lot) and take profit at 1,784.50 ($2.60 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
👉General outlook
ETHUSD has been trading in a bullish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1,810.50.
Set your stop loss at 1,836.50 above the previous high ($2.60 loss for 0.01 lot) and take profit at 1,784.50 ($2.60 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
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AUDUSD, 15-minute timeframe chart
👉General outlook
AUDUSD has been trading in a bearish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 0.63900.
Set your stop loss at 0.64180 above the previous high ($2.80 loss for 0.01 lot) and take profit at 0.63620 ($2.80 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
👉General outlook
AUDUSD has been trading in a bearish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 0.63900.
Set your stop loss at 0.64180 above the previous high ($2.80 loss for 0.01 lot) and take profit at 0.63620 ($2.80 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
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📊 Yen rises after Bank of Japan's meeting
The Japanese yen (JPY) rose by 0.46% on Wednesday, extending gains from the 142.000 level.
👉Possible effects for traders
At its May policy meeting, the Bank of Japan (BoJ) held its benchmark short-term interest rate steady as the market had expected. The interest rate is now at 0.5%, the highest since 2008. The unanimous decision reflects the central bank's cautious stance amid heightened global uncertainty, particularly surrounding the potential economic fallout from U.S. President Trump's tariff plans. Ongoing trade negotiations between Tokyo and Washington seem to be a key variable that could shape future policy direction. Against this backdrop, the BoJ adopted a more dovish tone in its quarterly outlook. The bank lowered its gross domestic product (GDP) growth projection for 2025 towards 0.5%, down from the 1% forecast in January. It also changed the 2026 outlook to 0.7%, citing intensifying trade risks and rising policy uncertainty.
Additionally, the BoJ reduced its core inflation forecast, now expecting it to average 2.2% in 2025—down from 2.7%—with a further deceleration towards 1.7% in 2026 before gradually rising to 1.9% in 2027. Headline inflation is expected to remain close to 2% through the fiscal year ending March 2028. These projections underscore the central bank's cautious approach to policy normalisation, suggesting that further rate hikes will depend on domestic economic resilience and the evolving global trade environment.
USDJPY rose during the Asian and early European trading sessions. Today, the Initial Jobs Claims report will be released at 12:30 p.m. UTC, potentially triggering volatility in the market. Key levels to watch are resistance at 144.000 and support at 143.000.
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The Japanese yen (JPY) rose by 0.46% on Wednesday, extending gains from the 142.000 level.
👉Possible effects for traders
At its May policy meeting, the Bank of Japan (BoJ) held its benchmark short-term interest rate steady as the market had expected. The interest rate is now at 0.5%, the highest since 2008. The unanimous decision reflects the central bank's cautious stance amid heightened global uncertainty, particularly surrounding the potential economic fallout from U.S. President Trump's tariff plans. Ongoing trade negotiations between Tokyo and Washington seem to be a key variable that could shape future policy direction. Against this backdrop, the BoJ adopted a more dovish tone in its quarterly outlook. The bank lowered its gross domestic product (GDP) growth projection for 2025 towards 0.5%, down from the 1% forecast in January. It also changed the 2026 outlook to 0.7%, citing intensifying trade risks and rising policy uncertainty.
Additionally, the BoJ reduced its core inflation forecast, now expecting it to average 2.2% in 2025—down from 2.7%—with a further deceleration towards 1.7% in 2026 before gradually rising to 1.9% in 2027. Headline inflation is expected to remain close to 2% through the fiscal year ending March 2028. These projections underscore the central bank's cautious approach to policy normalisation, suggesting that further rate hikes will depend on domestic economic resilience and the evolving global trade environment.
USDJPY rose during the Asian and early European trading sessions. Today, the Initial Jobs Claims report will be released at 12:30 p.m. UTC, potentially triggering volatility in the market. Key levels to watch are resistance at 144.000 and support at 143.000.
Sign Up Now
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