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GBPUSD - FACES RESISTANCE AS BEARISH SIGNALS EMERGESymbol - GBPUSD CMP - 1.3525 GBPUSD has been rallying amid a weakening US dollar but is now encountering strong resistance and showing signs of a false breakout suggesting a potential corrective phase ahead. The pair is currently testing a key resistance zone within a distribution phase, with a double top pattern forming on the higher timeframe - a classic bearish reversal signal. Despite the broader bullish structure, the failure to sustain gains above key resistance 1.3600 and ongoing consolidation below 1.3545 point to weakening momentum. Additionally, the US dollar has reached support levels and may begin to recover, adding further downward pressure on GBPUSD. Resistance levels: 1.3548, 1.3570, 1.3600 Support levels: 1.3512, 1.3455 If the pair cannot hold above 1.3565 during this retest, a deeper pullback is likely, potentially offering short opportunities. The correction could extend toward the 1.3450–1.3365 & may test 1.3300 support range before any continuation of the broader uptrend.
Short
by akshit_official
AUDUSD - TESTING KEY RESISTANCESymbol - AUDUSD CMP - 0.6530 AUDUSD continues to advance amid persistent uncertainty surrounding the US dollar, which remains in a consolidation phase. The currency pair is approaching a key resistance level at 0.6537 The dollar is currently range-bound due to prevailing market indecision. In contrast, the Australian dollar is gaining strength and appears poised to test a significant liquidity zone. Within the context of the prevailing trend, the pair is progressing toward both resistance and the identified liquidity area. Given the considerable distance from the initial opening, the potential for continued upside may diminish as the pair nears its target. A false breakout above 0.6537 could signal the onset of a corrective pullback. Resistance level: 0.6537 Support levels: 0.6509, 0.6480 A swift movement toward resistance without sustained bullish momentum could result in a false breakout at 0.6537 Should the price consolidate below this threshold, a corrective phase may follow before any potential resumption of the upward trend.
Short
by akshit_official
USDCAD - IS A BULLISH TREND REVERSAL BREWING?Symbol - USDCAD USDCAD is staging a recovery supported by the recent strength in the US dollar. A potential return to the prior demand zone could reinforce the bullish case for the pair and present an opportunity to establish long positions. Amid the backdrop of dollar strength, the market appears to be transitioning into a new phase. The pair has ceased making lower lows and is now forming an EQL structure, from which it is attempting to break out of the prevailing downtrend. While the initial liquidity retest may lead to a brief correction, a swift rebound and sustained consolidation above this level would confirm the emergence of a bullish market structure. Resistance levels: 1.3700, 1.3730 Support levels: 1.3660, 1.3648 Despite the recent breakout above descending resistance, selling pressure remains evident, with sellers likely to re-enter near the 1.3686 level. A clear breakout above this area, followed by a shift in market sentiment and consolidation above the 1.3675–1.3686 zone, would validate bullish intent and signal readiness for a broader recovery.
Long
by akshit_official
GBPUSD – Choppy Below Resistance, Risk of Renewed WeaknessOn the H4 chart, GBPUSD is trading within a narrow range, fluctuating between 1.35740 and 1.34880. Each upward attempt toward the resistance zone has been quickly rejected. The price structure shows lower highs forming, while support areas are gradually moving lower. The EMA34 and EMA89 are starting to flatten out, indicating the main trend is becoming increasingly unclear. If the price breaks below the 1.34880 level, a clear downtrend will be confirmed, and the scenario of a return to the long-term trendline becomes more plausible. The key upcoming event is the U.S. CPI report, expected within the next 24 hours. If the data shows inflation remains high, the Fed will have less incentive to cut interest rates, potentially boosting the USD and putting downward pressure on GBPUSD.
Short
by Femal_
EURUSD – Steady accumulation, ready for a fresh breakout?After a slight correction, EURUSD is trying to stabilize around the support zone of 1.13840 – which coincides with the EMA89 and a historically strong price reaction area. Although there hasn’t been a clear breakout yet, recent price action still shows an effort to maintain the bullish structure as the higher lows remain intact. If buyers can take advantage of this support and build momentum, the next target could very well be the 1.14780 zone – an area that has rejected price multiple times and now serves as a key resistance level for the bulls. Beyond the technical picture, the market is also awaiting this week's CPI, PPI, and NFP data. If these numbers come in weaker than expected, the likelihood of the Fed cutting rates sooner will rise – a positive signal for EURUSD. Moreover, with ongoing geopolitical risks, defensive capital flows may continue to exit the USD, giving the euro an edge in the coming sessions.
Long
by Femal_
EURUSD NEXT POSSIBLE MOVE🔵 EUR/USD | 10 June 2025 | ICT Intraday Outlook Market Open: 1.13893 Previous Day High: 1.14577 Previous Day Low: 1.13715 Key Structure Level (PDH BOS Point): 1.14312 Sentimental Range for Sell Target: 1.13420 --- 🧠 Market Context: The market opened today below the previous day’s midrange, suggesting a neutral to bearish tone in early sessions. We are currently within a consolidation between PDH and PDL, and watching for a liquidity sweep + BOS setup in either direction. 📌 Buy Scenario (Bullish Bias): If price breaks above 1.14312 (previous structure) and sweeps buy-side liquidity, then: Expect a retracement back into the FVG or OTE zone between 1.14100–1.14200 Confirmation of displacement + bullish order block around this zone could signal a long opportunity. 🎯 Buy Target : Retest of PDH 1.14577, extended target toward 1.14780 and above. 📌 Sell Scenario (Bearish Bias): If price breaks below 1.13715 (PDL), expect: Sell-side liquidity sweep, leading to a displacement candle Wait for price to retest 1.13700–1.13820 area (M15 OB/FVG) If lower high confirms, watch for short setups 🎯 Sell Target: Drop into the sentimental level of 1.13420 🔑 Summary: Direction Trigger Break Level Entry Zone Target Buy Break & sweep 1.14312 1.14100 – 1.14200 (OTE) 1.14577 → 1.14780 Sell Break 1.13715 1.13700 – 1.13820 retest 1.13420 (sentiment) 📊 Market Model: ICT Liquidity Sweep + Displacement + Entry Model (FVG or OB) 📅 Session: London to NY overlap
Long
by FX_MONSTER_EURUSD
USDJPY – Buying momentum builds, uptrend in sightUSDJPY has just bounced strongly from the key support zone around 142.510 – a level that has acted as a “fortress” over the past two weeks. Price action is gradually regaining momentum, forming a potential double bottom and heading toward a retest of the long-term descending trendline. Currently, the 144.800–145.000 area is the nearest resistance, aligning with both the EMA and the descending trendline. If buyers maintain control, a breakout above this zone could pave the way for the next leg up toward 145.750 and beyond. In terms of news, the latest U.S. ISM Services data came in weaker than expected, reducing rate hike expectations. While this puts mild pressure on the USD, the reaction from USDJPY suggests the market is leaning toward a rebound rather than a breakdown.
Long
by Rocky_trade_