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Weekly Top-Down Technical Analyses
- #2,182
- Jul 6, 2025 1:59pm Jul 6, 2025 1:59pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
Do your homework, follow the footprints of smart money
- #2,183
- Jul 13, 2025 1:11pm Jul 13, 2025 1:11pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
XAUUSD Weekly Technical Outlook
The XAUUSD market operation on the weekly time frame is sideways. But, last week, the market operation printed a bullish pinbar at the 3366.20 horizontal resistance area. Technically, this portends further bullish move above the area.
The XAUUSD price action on the daily time frame retested the 3366.20 horizontal resistance on Friday but met a bearish challenge. Nevertheless, we may still further northward market operation in the early part of this week.
The XAUUSD price action on the H4 time frame turned sideways at the 3355.20 intra-day horizontal resistance after a bullish drive to the 3366.20 horizontal resistance area seen on the weekly time frame. We may still see further northward engineering in the early part of this week.
I may be wrong. Trade safe and prosper.
KP
The XAUUSD market operation on the weekly time frame is sideways. But, last week, the market operation printed a bullish pinbar at the 3366.20 horizontal resistance area. Technically, this portends further bullish move above the area.
The XAUUSD price action on the daily time frame retested the 3366.20 horizontal resistance on Friday but met a bearish challenge. Nevertheless, we may still further northward market operation in the early part of this week.
The XAUUSD price action on the H4 time frame turned sideways at the 3355.20 intra-day horizontal resistance after a bullish drive to the 3366.20 horizontal resistance area seen on the weekly time frame. We may still see further northward engineering in the early part of this week.
I may be wrong. Trade safe and prosper.
KP
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- #2,184
- Jul 13, 2025 1:16pm Jul 13, 2025 1:16pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
USDJPY Weekly Technical Outlook
The USDJPY market operation on the weekly time frame is in bullish mode. Last week, the market operation printed a bullish candlestick that broke above an area of consolidation that had been in place in the previous three weeks. However, the market operation is tackling the 147.400 horizontal resistance area.
The USDJPY price action on the daily time frame is bullish. However, it is tackling the 147.400 horizontal resistance. Recent technical prints favour a northward market engineering.
The USDJPY price action on the H4 time is experiencing a decline in bullish momentum. At present, it is sideways at the 147.400 horizontal resistance. However, the operating technical impulse is bullish. Therefore, we may still see further northward market engineering in the early part of this week.
I may be wrong. Trade safe and prosper.
KP
The USDJPY market operation on the weekly time frame is in bullish mode. Last week, the market operation printed a bullish candlestick that broke above an area of consolidation that had been in place in the previous three weeks. However, the market operation is tackling the 147.400 horizontal resistance area.
The USDJPY price action on the daily time frame is bullish. However, it is tackling the 147.400 horizontal resistance. Recent technical prints favour a northward market engineering.
The USDJPY price action on the H4 time is experiencing a decline in bullish momentum. At present, it is sideways at the 147.400 horizontal resistance. However, the operating technical impulse is bullish. Therefore, we may still see further northward market engineering in the early part of this week.
I may be wrong. Trade safe and prosper.
KP
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- #2,185
- Jul 13, 2025 1:23pm Jul 13, 2025 1:23pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
EURUSD Weekly Technical Outlook
The EURUSD market operation on the weekly time frame is in a bearish mode. Last week, the market operation produced a bearish candlestick after a bearish challenge to the weakening bullish momentum of two weeks ago.
The EURUSD price action on the daily time frame is retesting the 1.16886 intra-day horizontal support. The area aligns with the 78.6 fib-retracement of the bearish swing traceable to May 2021. Recent technical prints favour further southward market engineering.
Although the EURUSD price action on the H4 time frame is sideways at the 1.16886 intra-day horizontal support, the operating technical impulse favours bears more than bulls. Thus, we may still see further southward market engineering in the early part of this week.
I may be wrong. Trade safe and prosper.
KP
The EURUSD market operation on the weekly time frame is in a bearish mode. Last week, the market operation produced a bearish candlestick after a bearish challenge to the weakening bullish momentum of two weeks ago.
The EURUSD price action on the daily time frame is retesting the 1.16886 intra-day horizontal support. The area aligns with the 78.6 fib-retracement of the bearish swing traceable to May 2021. Recent technical prints favour further southward market engineering.
Although the EURUSD price action on the H4 time frame is sideways at the 1.16886 intra-day horizontal support, the operating technical impulse favours bears more than bulls. Thus, we may still see further southward market engineering in the early part of this week.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #2,186
- Jul 13, 2025 1:28pm Jul 13, 2025 1:28pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
GBPUSD Weekly Technical Outlook
The GBPUSD market operation on the weekly time frame is bearish. Last week, the market operation printed a bearish continuation candlestick that closed at the 1.34870 area; an area that aligns with the 78.6 fib-retracement of the bearish swing traceable to May 2021.
The GBPUSD price action on the daily time frame is retesting the 1.34870 intra-day horizontal support. The area is about 50 pips above the 78.6 fib-retracement of the bearish swing traceable to May 2021. Recent technical prints favour further southward market engineering.
Although the GBPUSD price action on the H4 time frame is sideways at the 1.34870 intra-day horizontal support, the operating technical impulse is bearish. Thus, we may still see further southward market engineering in the early part of this week.
I may be wrong. Trade safe and prosper.
KP
The GBPUSD market operation on the weekly time frame is bearish. Last week, the market operation printed a bearish continuation candlestick that closed at the 1.34870 area; an area that aligns with the 78.6 fib-retracement of the bearish swing traceable to May 2021.
The GBPUSD price action on the daily time frame is retesting the 1.34870 intra-day horizontal support. The area is about 50 pips above the 78.6 fib-retracement of the bearish swing traceable to May 2021. Recent technical prints favour further southward market engineering.
Although the GBPUSD price action on the H4 time frame is sideways at the 1.34870 intra-day horizontal support, the operating technical impulse is bearish. Thus, we may still see further southward market engineering in the early part of this week.
I may be wrong. Trade safe and prosper.
KP
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- #2,187
- Jul 20, 2025 12:10pm Jul 20, 2025 12:10pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
XAUUSD Weekly Technical Outlook
The XAUUSD market operation on the weekly time frame is sideways. Last week, bears resisted a bullish break of the 3366.20 horizontal resistance area. This resulted in the printing of an indecision candlestick in the area.
The XAUUSD price action on the daily time frame is sideways just below the 3366.20 horizontal resistance. As there is no directional clarity now, what happens at the close of Monday market could be critical.
Although the XAUUSD price action on the H4 time frame is sideways, recent technical prints favour a southward market engineering.
I may be wrong. Trade safe and prosper.
KP
The XAUUSD market operation on the weekly time frame is sideways. Last week, bears resisted a bullish break of the 3366.20 horizontal resistance area. This resulted in the printing of an indecision candlestick in the area.
The XAUUSD price action on the daily time frame is sideways just below the 3366.20 horizontal resistance. As there is no directional clarity now, what happens at the close of Monday market could be critical.
Although the XAUUSD price action on the H4 time frame is sideways, recent technical prints favour a southward market engineering.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #2,188
- Jul 20, 2025 12:28pm Jul 20, 2025 12:28pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
USDJPY Weekly Technical Outlook
The USDJPY market operation on the weekly time frame is bullish. Last week, the market operation printed a bullish continuation candlestick, which retested the 148.800 horizontal resistance area.
The USDJPY price action on the daily time frame turned sideways at the 148.800 horizontal resistance after a bullish retest. Nevertheless, we may still see further northward market engineering.
The USDJPY price action on the H4 time frame is sideways at the 148.800 horizontal resistance area. Recent technical prints favour a northward market engineering.
I may be wrong. Trade safe and prosper.
KP
The USDJPY market operation on the weekly time frame is bullish. Last week, the market operation printed a bullish continuation candlestick, which retested the 148.800 horizontal resistance area.
The USDJPY price action on the daily time frame turned sideways at the 148.800 horizontal resistance after a bullish retest. Nevertheless, we may still see further northward market engineering.
The USDJPY price action on the H4 time frame is sideways at the 148.800 horizontal resistance area. Recent technical prints favour a northward market engineering.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #2,189
- Jul 20, 2025 12:50pm Jul 20, 2025 12:50pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
EURUSD Weekly Technical Outlook
The EURUSD market operation on the weekly time frame turned sideways after a bearish drive to the 1.16190 horizontal support area. Last week, the market operation made a southward drive beyond the area, but bulls pushed back, resulting in the printing of a relatively long indecision candlestick that closed at the area.
The EURUSD price action on the daily time frame is presently sideways at the 1.16190 horizontal support. However, recent technical prints favour further southward market engineering.
On Friday, the EURUSD price action on the H4 time frame retested the 1.16190 horizontal support after an intra-day bullish rejection of the area. Presently, the price action is sideways at the area, but recent technical prints favour a southward liquidity sweep.
I may be wrong. Trade safe and prosper.
KP
The EURUSD market operation on the weekly time frame turned sideways after a bearish drive to the 1.16190 horizontal support area. Last week, the market operation made a southward drive beyond the area, but bulls pushed back, resulting in the printing of a relatively long indecision candlestick that closed at the area.
The EURUSD price action on the daily time frame is presently sideways at the 1.16190 horizontal support. However, recent technical prints favour further southward market engineering.
On Friday, the EURUSD price action on the H4 time frame retested the 1.16190 horizontal support after an intra-day bullish rejection of the area. Presently, the price action is sideways at the area, but recent technical prints favour a southward liquidity sweep.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #2,190
- Jul 20, 2025 1:03pm Jul 20, 2025 1:03pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
GBPUSD Weekly Technical Outlook
The GBPUSD market operation on the weekly time frame is sideways at the 1.34150 horizontal support area. This was after bears retested the area last week.
The GBPUSD price action on the daily time frame is sideways. The price action is tackling the 1.34150 horizontal support. Recent technical prints favour further southward market engineering.
The GBPUSD price action on the H4 time frame is tackling the 1.34150 horizontal support area. The technical impulse favours southward market engineering.
I may be wrong. Trade safe and prosper.
KP
The GBPUSD market operation on the weekly time frame is sideways at the 1.34150 horizontal support area. This was after bears retested the area last week.
The GBPUSD price action on the daily time frame is sideways. The price action is tackling the 1.34150 horizontal support. Recent technical prints favour further southward market engineering.
The GBPUSD price action on the H4 time frame is tackling the 1.34150 horizontal support area. The technical impulse favours southward market engineering.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #2,191
- Jul 27, 2025 12:09pm Jul 27, 2025 12:09pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
XAUUSD Weekly Technical Outlook
The XAUUSD market operation on the weekly time frame is sideways at the 3336.46 area. Last week, bears pushed back an early bullish break of the area, and this resulted in the printing of a bearish pinbar.
The XAUUSD price action on the daily time frame went sideways at the 3336.46 intra-day support. The operating technical impulse favours further southward market engineering.
Although the XAUUSD price action on the H4 time frame went sideways at the 3336.46 intra-day support on Friday, the operating technical impulse favours further southward market engineering.
I may be wrong. Trade safe and prosper.
KP
The XAUUSD market operation on the weekly time frame is sideways at the 3336.46 area. Last week, bears pushed back an early bullish break of the area, and this resulted in the printing of a bearish pinbar.
The XAUUSD price action on the daily time frame went sideways at the 3336.46 intra-day support. The operating technical impulse favours further southward market engineering.
Although the XAUUSD price action on the H4 time frame went sideways at the 3336.46 intra-day support on Friday, the operating technical impulse favours further southward market engineering.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #2,192
- Jul 27, 2025 12:16pm Jul 27, 2025 12:16pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
USDJPY Weekly Technical Outlook
The USDJPY market operation on the weekly time frame is sideways at the 147.650 horizontal resistance area. Last week, the market operation printed a bullish pinbar in the area. Two weeks ago, a miniature bullish candlestick was printed in the area.
Last Friday, the USDJPY price action retested the 147.650 intra-day area of value after a bearish flip of the zone. Technically, there is no directional momentum of the USDJPY price action on the daily time frame.
The USDJPY price action on the H4 time frame is sideways at the 147.650 intra-day horizontal resistance. There was a bullish breach of the zone in the early part of Friday, but the bearish challenge that followed was feeble. Nevertheless, we may still see brief southward market engineering before a further bullish drive.
I may be wrong. Trade safe and prosper.
KP
The USDJPY market operation on the weekly time frame is sideways at the 147.650 horizontal resistance area. Last week, the market operation printed a bullish pinbar in the area. Two weeks ago, a miniature bullish candlestick was printed in the area.
Last Friday, the USDJPY price action retested the 147.650 intra-day area of value after a bearish flip of the zone. Technically, there is no directional momentum of the USDJPY price action on the daily time frame.
The USDJPY price action on the H4 time frame is sideways at the 147.650 intra-day horizontal resistance. There was a bullish breach of the zone in the early part of Friday, but the bearish challenge that followed was feeble. Nevertheless, we may still see brief southward market engineering before a further bullish drive.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #2,193
- Jul 27, 2025 12:22pm Jul 27, 2025 12:22pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
EURUSD Weekly Technical Outlook
The EURUSD market operation on the weekly time frame was bullish last week. However, the market operation on the weekly time frame is still in consolidation; the 1.16020/1.17810 zone being the operating consolidation channel (purple).
The EURUSD price action on the daily time frame retested the 1.17810 horizontal resistance on Wednesday but went sideways on Friday after a bearish pushback. Technically, price action is about 57 pips above the 78.6 fib retracement area of the bearish swing traceable to May 2021. We may still see further bearish drive.
The EURUSD price action on the H4 time frame is sideways at the 1.17400 intra-day horizontal resistance. Recent technical prints favour further southward market engineering.
I may be wrong. Trade safe and prosper.
KP
The EURUSD market operation on the weekly time frame was bullish last week. However, the market operation on the weekly time frame is still in consolidation; the 1.16020/1.17810 zone being the operating consolidation channel (purple).
The EURUSD price action on the daily time frame retested the 1.17810 horizontal resistance on Wednesday but went sideways on Friday after a bearish pushback. Technically, price action is about 57 pips above the 78.6 fib retracement area of the bearish swing traceable to May 2021. We may still see further bearish drive.
The EURUSD price action on the H4 time frame is sideways at the 1.17400 intra-day horizontal resistance. Recent technical prints favour further southward market engineering.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #2,194
- Jul 27, 2025 12:29pm Jul 27, 2025 12:29pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
GBPUSD Weekly Technical Outlook
The GBPUSD market operation on the weekly time frame printed a bearish pinbar last week. The candlestick was printed at the 78.6 fib retracement area of the bearish swing traceable to May 2021. Technically, we may see further southward market operation.
On Wednesday, the GBPUSD price action on the daily time frame made a bullish retest of the upper boundary of the 1.33600/1.36130 horizontal channel (purple). A bearish challenge on Thursday led to a southward retest of the 1.34350 intra-day horizontal support by price action on Friday; an area which aligns with the 78.6 fib retracement area of the bearish swing traceable to May 2021.
Although the GBPUSD price action on the H4 time frame is sideways at the 1.34350 intra-day horizontal resistance. The area aligns with the 78.6 fib retracement of the bearish swing traceable to May 2021. Recent technical prints favour further southward market engineering.
I may be wrong. Trade safe and prosper.
KP
The GBPUSD market operation on the weekly time frame printed a bearish pinbar last week. The candlestick was printed at the 78.6 fib retracement area of the bearish swing traceable to May 2021. Technically, we may see further southward market operation.
On Wednesday, the GBPUSD price action on the daily time frame made a bullish retest of the upper boundary of the 1.33600/1.36130 horizontal channel (purple). A bearish challenge on Thursday led to a southward retest of the 1.34350 intra-day horizontal support by price action on Friday; an area which aligns with the 78.6 fib retracement area of the bearish swing traceable to May 2021.
Although the GBPUSD price action on the H4 time frame is sideways at the 1.34350 intra-day horizontal resistance. The area aligns with the 78.6 fib retracement of the bearish swing traceable to May 2021. Recent technical prints favour further southward market engineering.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #2,195
- Aug 3, 2025 11:41am Aug 3, 2025 11:41am
- Joined Dec 2015 | Status: Trader | 8,759 Posts
XAUUSD Weekly Technical Outlook
The XAUUSD market operation on the monthly time frame printed a bearish pinbar in July. As the candlestick closed at the 3279.17 horizontal support area, an area that has seen sideways of market operation in the last three months, we may not see immediate bearish follow-through.
The XAUUSD market operation on the weekly time frame is sideways within the 3434.63/3279.17 horizontal channel (purple). Last week, the market operation printed a tailed bullish candlestick in the area, in contrast to the bearish pinbar of two wees ago.
The XAUUSD price action on the daily time frame printed a bullish candlestick on Friday. But the price action is tackling the 3362.37 intra-day horizontal resistance. Nevertheless, we may still see further northward movement in the early part of this week
I may be wrong. Trade safe and prosper.
KP
The XAUUSD market operation on the monthly time frame printed a bearish pinbar in July. As the candlestick closed at the 3279.17 horizontal support area, an area that has seen sideways of market operation in the last three months, we may not see immediate bearish follow-through.
The XAUUSD market operation on the weekly time frame is sideways within the 3434.63/3279.17 horizontal channel (purple). Last week, the market operation printed a tailed bullish candlestick in the area, in contrast to the bearish pinbar of two wees ago.
The XAUUSD price action on the daily time frame printed a bullish candlestick on Friday. But the price action is tackling the 3362.37 intra-day horizontal resistance. Nevertheless, we may still see further northward movement in the early part of this week
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #2,196
- Aug 3, 2025 11:53am Aug 3, 2025 11:53am
- Joined Dec 2015 | Status: Trader | 8,759 Posts
USDJPY Weekly Technical Outlook
The USDJPY market operation on the monthly time frame was bullish in July. The bullish candlestick printed in July retested the 147.310/151.790 horizontal resistance zone (purple).
The USDJPY market operation on the weekly time frame printed a bearish pinbar last week. Technically, this favours bears more than bulls.
The USDJPY price action on the daily time frame printed a relatively big bearish candlestick on Friday. The candlestick engulfed five previous candlesticks and potentially favours further southward market engineering.
I may be wrong. Trade safe and prosper.
KP
The USDJPY market operation on the monthly time frame was bullish in July. The bullish candlestick printed in July retested the 147.310/151.790 horizontal resistance zone (purple).
The USDJPY market operation on the weekly time frame printed a bearish pinbar last week. Technically, this favours bears more than bulls.
The USDJPY price action on the daily time frame printed a relatively big bearish candlestick on Friday. The candlestick engulfed five previous candlesticks and potentially favours further southward market engineering.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #2,197
- Aug 3, 2025 12:04pm Aug 3, 2025 12:04pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
EURUSD Weekly Technical Outlook
The EURUSD market operation on the monthly time frame printed a bearish candlestick in July. This contrasted with the bullish print in June. However, the bearish print of July failed to threaten the low of the June bullish print. Thus, technically, the market operation on the monthly time frame is sideways.
Last week, the EURUSD market operation on the weekly time frame printed a bearish candlestick that retested the 1.14800/1.13040 horizontal support (green) before being pushed back by nulls. Technically, the EURUSD market operation is sideways within the 1.15750/1.17810 horizontal channel (purple).
The EURUSD price action on the daily time frame printed a bullish candlestick on Friday to push back the bearish drive that began on Monday. Although we may still see further northward movement in the early part of this week, the operating technical impulse and recent prints favour bears.
I may be wrong. Trade safe and prosper.
KP
The EURUSD market operation on the monthly time frame printed a bearish candlestick in July. This contrasted with the bullish print in June. However, the bearish print of July failed to threaten the low of the June bullish print. Thus, technically, the market operation on the monthly time frame is sideways.
Last week, the EURUSD market operation on the weekly time frame printed a bearish candlestick that retested the 1.14800/1.13040 horizontal support (green) before being pushed back by nulls. Technically, the EURUSD market operation is sideways within the 1.15750/1.17810 horizontal channel (purple).
The EURUSD price action on the daily time frame printed a bullish candlestick on Friday to push back the bearish drive that began on Monday. Although we may still see further northward movement in the early part of this week, the operating technical impulse and recent prints favour bears.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #2,198
- Aug 3, 2025 12:17pm Aug 3, 2025 12:17pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
GBPUSD Weekly Technical Outlook
The GBPUSD market operation on the monthly time frame, printed a bearish candlestick in July. The bearish print broke below the 1.36560/1.39040 horizontal resistance zone (purple).
The GBPUSD market operation on the weekly time frame printed a bearish candlestick last week. However, the candlestick has a prominent tail, indicating that bulls are still active in the market.
The GBPUSD price action on the daily time frame is in consolidation. The bullish candlestick printed on Friday was a retracement of the bearish breakdown of the 1.32776 intraday horizontal support. Although we may still see northward price action in the early part of this week, the recent technical pattern and the operating technical impulse favour bears more than bulls.
I may be wrong. Trade safe and prosper.
KP
The GBPUSD market operation on the monthly time frame, printed a bearish candlestick in July. The bearish print broke below the 1.36560/1.39040 horizontal resistance zone (purple).
The GBPUSD market operation on the weekly time frame printed a bearish candlestick last week. However, the candlestick has a prominent tail, indicating that bulls are still active in the market.
The GBPUSD price action on the daily time frame is in consolidation. The bullish candlestick printed on Friday was a retracement of the bearish breakdown of the 1.32776 intraday horizontal support. Although we may still see northward price action in the early part of this week, the recent technical pattern and the operating technical impulse favour bears more than bulls.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #2,199
- Aug 10, 2025 12:17pm Aug 10, 2025 12:17pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
XAUUSD Weekly Technical Outlook
The XAUUSD market operation on the weekly time frame is in a bullish mode. However, the bullish momentum appears to be waning.
The XAUUSD price action on the daily time frame turned sideways on Friday after a bullish retest of the 3397.84 intra-day horizontal resistance. We may still see further northward price action this week.
The XAUUSD price action on the H4 time frame is in consolidation. The price action is tackling the 3397.84 intra-day horizontal resistance.
I may be wrong. Trade safe and prosper.
KP
The XAUUSD market operation on the weekly time frame is in a bullish mode. However, the bullish momentum appears to be waning.
The XAUUSD price action on the daily time frame turned sideways on Friday after a bullish retest of the 3397.84 intra-day horizontal resistance. We may still see further northward price action this week.
The XAUUSD price action on the H4 time frame is in consolidation. The price action is tackling the 3397.84 intra-day horizontal resistance.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #2,200
- Aug 10, 2025 12:26pm Aug 10, 2025 12:26pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
USDJPY Weekly Technical Outlook
The USDJPY market operation on the weekly time frame is consolidating. The market operation has been sideways at the 147.690 horizontal resistance area in the past four weeks.
The USDJPY price action on the daily time frame is sideways. On Friday, the price action printed a moderate bullish candlestick that retested the 147.690 horizontal resistance. Although we may still see further northward price action in the early part of this week, the technical structure is still bearish.
Although the UDJPY price action on the H4 time frame is presently sideways, the operating technical impulse favours bears.
I may be wrong. Trade safe and prosper.
KP
The USDJPY market operation on the weekly time frame is consolidating. The market operation has been sideways at the 147.690 horizontal resistance area in the past four weeks.
The USDJPY price action on the daily time frame is sideways. On Friday, the price action printed a moderate bullish candlestick that retested the 147.690 horizontal resistance. Although we may still see further northward price action in the early part of this week, the technical structure is still bearish.
Although the UDJPY price action on the H4 time frame is presently sideways, the operating technical impulse favours bears.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money