GBPUSD, 30-minute timeframe chart
πGeneral outlook
GBPUSD has been trading in a bullish trend for the last couple of hours.
πPossible 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.
πGeneral outlook
GBPUSD has been trading in a bullish trend for the last couple of hours.
πPossible 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:
π Top performers:
πΉUSDCHF +1.40% β the Swiss franc gained as the greenback strengthened.
πΉUSDJPY +1.04% β the yen weakened with a positive risk sentiment.
πΉNZDUSD +0.37% β the kiwi dollar rose as investors took on more risk.
β Top losers:
πΉUSDMXN β1.10% β the peso weakened despite improved sentiment.
πΉUSDZAR β0.78% β the rand faced pressure amid a risk-on market shift.
πΉXAUUSD β0.28% β gold retreated as traders turned to riskier assets.
π¬ Easing USβChina trade tensions helped boost market sentiment, driving risk-sensitive currencies higher.
Follow @technicalmytips for more expert information
π Top performers:
πΉUSDCHF +1.40% β the Swiss franc gained as the greenback strengthened.
πΉUSDJPY +1.04% β the yen weakened with a positive risk sentiment.
πΉNZDUSD +0.37% β the kiwi dollar rose as investors took on more risk.
β Top losers:
πΉUSDMXN β1.10% β the peso weakened despite improved sentiment.
πΉUSDZAR β0.78% β the rand faced pressure amid a risk-on market shift.
πΉXAUUSD β0.28% β gold retreated as traders turned to riskier assets.
π¬ Easing USβChina trade tensions helped boost market sentiment, driving risk-sensitive currencies higher.
Follow @technicalmytips for more expert information
ETHUSD, 15-minute timeframe chart
πGeneral outlook
ETHUSD has been trading in a bullish trend for the last couple of hours.
πPossible 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.
πGeneral outlook
ETHUSD has been trading in a bullish trend for the last couple of hours.
πPossible 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.
π1
Whatβs your first line of defense?
Anonymous Poll
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Dahi-Cheeni π§
0%
Economic calendar π
14%
Market sentiment π
Some days are made for new beginnings. Today is one of them. Wishing you infinite prosperity and joy.
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AUDUSD, 15-minute timeframe chart
πGeneral outlook
AUDUSD has been trading in a bearish trend for the last couple of hours.
πPossible 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.
πGeneral outlook
AUDUSD has been trading in a bearish trend for the last couple of hours.
πPossible 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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π 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.
πPossible 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 2025βdown from 2.7%βwith 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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Partner Codeβ‘οΈ 37888
The Japanese yen (JPY) rose by 0.46% on Wednesday, extending gains from the 142.000 level.
πPossible 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 2025βdown from 2.7%βwith 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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π EURUSD continues declining
On Wednesday, the euro (EUR) lost 0.5% against the U.S. dollar (USD) even though the eurozone Gross Domestic Product (GDP) Growth data exceeded the forecast, unlike the U.S. GDP report.
πPossible effects for traders
A flash estimate showed that the eurozone economy grew by 1.2% year-on-year in Q1 2025, matching the previous quarter's pace and exceeding expectations of 1% growth. Among the eurozone's largest economies, Germany remains in recession, with the country's GDP contracting 0.2% year-on-year in Q1. Meanwhile, France and Italy showed modest growth of 0.8% and 0.6%, respectively. At the same time, U.S. data disappointed investors, with GDP declining by 0.3% instead of the forecasted 0.3% growth.
'It's important to realise that a large chunk of the fall in GDP is due to the sharp increase in imports, which takes away from GDP growth', said Oliver Pursche, senior vice president and advisor at Wealthspire Advisors. 'And that's probably due to the expectation of tariffs. So, if you were to normalise that, you end up with positive GDP growth for the quarter, but it certainly doesn't bode well for Q2'.
EURUSD fell slightly during the Asian and early European trading sessions. Today, traders should focus on two U.S. reports: Jobless Claims at 12:30 p.m. UTC and ISM Manufacturing (PMI) at 2:00 p.m. UTC. Lower-than-expected figures could push EURUSD down below 1.13000. Conversely, higher-than-expected results may push the pair higher towards 1.14300.
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On Wednesday, the euro (EUR) lost 0.5% against the U.S. dollar (USD) even though the eurozone Gross Domestic Product (GDP) Growth data exceeded the forecast, unlike the U.S. GDP report.
πPossible effects for traders
A flash estimate showed that the eurozone economy grew by 1.2% year-on-year in Q1 2025, matching the previous quarter's pace and exceeding expectations of 1% growth. Among the eurozone's largest economies, Germany remains in recession, with the country's GDP contracting 0.2% year-on-year in Q1. Meanwhile, France and Italy showed modest growth of 0.8% and 0.6%, respectively. At the same time, U.S. data disappointed investors, with GDP declining by 0.3% instead of the forecasted 0.3% growth.
'It's important to realise that a large chunk of the fall in GDP is due to the sharp increase in imports, which takes away from GDP growth', said Oliver Pursche, senior vice president and advisor at Wealthspire Advisors. 'And that's probably due to the expectation of tariffs. So, if you were to normalise that, you end up with positive GDP growth for the quarter, but it certainly doesn't bode well for Q2'.
EURUSD fell slightly during the Asian and early European trading sessions. Today, traders should focus on two U.S. reports: Jobless Claims at 12:30 p.m. UTC and ISM Manufacturing (PMI) at 2:00 p.m. UTC. Lower-than-expected figures could push EURUSD down below 1.13000. Conversely, higher-than-expected results may push the pair higher towards 1.14300.
Sign Up Now
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