Weekly Top-Down Technical Analyses

GBPUSD Weekly Technical Outlook

The GBPUSD market operation on the weekly time frame is in bullish mode. The market has been sideways for four weeks before the market operation printed a relatively moderate bullish candlestick last week. Presently, the market operation is retesting the 78.6 fib retracement area of the bearish swing traceable to May 2021.




The GBPUSD price action on the daily time frame is in bullish mode. Presently, the price action is retesting the 78.6 fib retracement area of the bearish swing traceable to May 2021. We may still see further northward price action in the early part of this week before a southward turnaround.




The GBPUSD price action on the H4 time frame turned sideways on Friday after surging past the 78.6 fib retracement area of the bearish swing traceable to May 2021. Although we may still see some northward price action in the early part of this week, it may be short-lived; and we may soon see a bearish turnaround.




I may be wrong. Trade safe and prosper.

KP

XAUUSD Weekly Technical Outlook

Although the XAUUSD market operation on the weekly time frame is in bullish mode, the technical environment is sideways. Last week, the market operation printed a bullish continuation candlestick that retested the 4829.86 horizontal resistance. The high of the relatively big bearish print of five weeks ago remains an initial target for any further northward market operation.

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The XAUUSD price action on the daily is sideways at the 4829.86 horizontal resistance. Nevertheless, we may still see further northward price action in the early part of this week.

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Although the XAUUSD price action on the H4 time frame made a feeble bearish retest of the 4829.86 intra-day horizontal support in the latter part of Friday, we may still see further northward price action before any southward drive of price action.

Attached Image (click to enlarge)

I may be wrong. Trade safe and prosper.

KP

USDJPY Weekly Technical Outlook

The USDJPY market operation on the weekly time frame is sideways. In the last six weeks the market operation has been sideways within the 157.750/160.150 horizontal channel and the 160.150 area remains a strong horizontal resistance.

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The USDJPY price action on the daily time frame is sideways. Technically, the price action is operating within the 157.750/160.150 horizontal channel. Presently, there is no directional momentum.

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Although the USDJPY price action on the H4 time frame issued relatively big bearish prints in the latter part of Friday, technically there is no directional momentum. Nevertheless, we may see a brief southward move of price action to an intra-day area of value before northward pushback. The 157.750/160.150 horizontal channel would have to be significantly broken before we can see sustainable directional momentum.

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I may be wrong. Trade safe and prosper.

KP

EURUSD Weekly Technical Outlook

Last week, the EURUSD market operation on the weekly time frame printed a bullish continuation candlestick to retest the 1.18590 horizontal resistance area. The area is a few pips below the 88.6 fib retracement of the bearish swing traceable to May 2021. The prevailing technical outlook is sideways.

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The EURUSD price action on the daily time frame printed a bearish pinbar on Friday. As the short-term technical structure is still sideways, we may still see northward price action to retest an intra-day area of value in the early part of this week before further southward market engineering.

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The EURUSD price action on the H4 time frame retested the 1.17640 intra-day horizontal support on Friday. Technically, we may still see bullish challenge or correction in the early part of this week before further southward price engineering.

Attached Image (click to enlarge)

I may be wrong. Trade safe and prosper.

KP

GBPUSD Weekly Technical Outlook

The GBPUSD market operation on the weekly time printed a bullish continuation candlestick last week. The bullish print retested the 1.35870 horizontal resistance area before retracing southward. The area aligns with the 61.8 fib retracement of the recent bearish swing that started on January 25, 2026.

Attached Image (click to enlarge)

The GBPUSD price action on the daily time frame printed a bearish pinbar on Friday after a retest of the 61.8 fib retracement of the recent bearish swing that started on January 25, 2026. As the short-term technical structure is sideways, we may still see northward price action to retest an intra-day area of value in the early part of this week before further southward market engineering.

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The GBPUSD price action on the H4 time frame retested the 1.35080 intra-day horizontal support on Friday. Technically, we may still see bullish challenge or correction in the early part of this week before further southward price engineering.

Attached Image (click to enlarge)

I may be wrong. Trade safe and prosper.

KP

XAUUSD Weekly Technical Outlook

The XAUUSD market operation on the weekly time frame is sideways at the 50-fib retracement of the most recent bearish swing traceable to March 1. Last week, the market operation printed a relatively small bearish candlestick in the area as opposed to the moderate bullish print that retested the 61.8 fib retracement area two weeks ago.

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The XAUUSD price action on the daily time frame is sideways at the 4708.84 intra-day horizontal resistance. Recent technical prints support further northward price operation but the 4934.88 horizontal resistance, which aligns with the 61.8 fib retracement of the most recent bearish swing traceable to March 1 may prove difficult to break.

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The XAUUSD price action on the H4 time frame is sideways. Technically, the area is just below the 50-fib retracement of the most recent bearish swing traceable to March 1. Any further bullish price action may find the 4934.88 horizontal resistance, which aligns with the 61.8 fib retracement of the most recent bearish swing traceable to March 1, difficult to break.

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I may be wrong. Trade safe and prosper.
KP

USDJPY Weekly Technical Outlook

The USDJPY market operation on the weekly time frame is in sideways. The market operation has seen some failed bullish attempts to break above the 160.150 horizontal resistance area (red). Technically, a ‘W’ shaped pattern is being completed, and we may soon see southward market rotation.

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The USDJPY price action on the daily time frame is sideways below the 160.150 horizontal resistance (red). Technically, we may still se further northward price action but will likely be short lived. Apparently, a southward price engineering is in the offing.

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Although the USDJPY price action on the H4 time frame retested the 159.320 intra-day horizontal support on Friday, we may see a bullish pushback in the early part of this week. Nevertheless, the bigger technical outlook indicates that a southward rotation is in the offing.

Attached Image (click to enlarge)

I may be wrong. Trade safe and prosper.

KP

EURUSD Weekly Technical Outlook

The EURUSD market operation on the weekly time frame is still sideways around the 78.6 fib retracement of the bearish swing traceable to May 2021. Last week, the market operation printed an indecision candlestick in the area after the bearish pushback of the bullish retest of the 1.17810 horizontal resistance just above the area two weeks ago.

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The EURUSD price action on the daily time frame turned sideways on Friday after a bullish correction of the bearish drive to the 1.16770 horizontal support. The area aligns with the 78.6 fib retracement of the bearish swing traceable to May 2021. Although we may still see some northward price action in the early part of this week, it would be short lived. And we can see further southward price engineering thereafter.

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On Friday, the EURUSD price action made a feeble bullish retest of the 1.17180 intra-day horizontal resistance. Much likely, any further northward price will be short lived. We would see further southward price engineering, perhaps to an intra-day area of value.

Attached Image (click to enlarge)

I may be wrong. Trade safe and prosper.

KP

GBPUSD Weekly Technical Outlook

The GBPUSD market operation on the weekly time frame is presently sideways some pips above the 78.6 fib retracement of the bearish swing traceable to May 2021. Although we may still see northward market operation, the bigger technical outlook is bearish.

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On Friday, the GBPUSD price action on the daily time frame printed a bullish candlestick that retested the 1.35250 intra-day horizontal resistance. Technically, there is no directional momentum, but we may still see further northward price action in the early part of this week before a southward drive. The bigger technical outlook is bearish.

Attached Image (click to enlarge)

Although the GBPUSD price action on the H4 time frame made a feeble attempt to break above the 1.35250 intra-day horizontal resistance on Friday, we may still see further northward price action in the early pat of this week before a southward price engineering. The bigger technical outlook is bearish.

Attached Image (click to enlarge)

I may be wrong. Trade safe and prosper.

KP

XAUUSD Weekly Technical Outlook

The XAUUSD market operation on the monthly time frame printed an indecision candlestick in April. But the prevailing technical impulse is bearish.

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Last week, the XAUUSD market operation on the weekly time frame retested the 4547.07 horizontal support area. But technically there is no bearish momentum. Nevertheless, we may still see further southward market operation in the early part of this week.

Attached Image (click to enlarge)

The XAUUSD price action on the daily time frame is sideways at the 38.2-fib retracement of the recent bearish swing on the monthly time framework traceable to March 2026. We cannot rule out further southward price action this week before a bullish correction.

Attached Image (click to enlarge)

I may be wrong. Trade safe and prosper.

KP

USDJPY Weekly Technical Outlook

In April, the USDJPY market operation on the monthly time frame printed a relatively moderate bearish candlestick as opposed to the relatively small bullish print of March. It was a bearish rejection of the 161.150 horizontal resistance. But the technical structure is sideways.

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Last week, the USDJPY market operation on the weekly time frame delivered a bearish candlestick to reject the 161.150 horizontal resistance. The bearish print broke down an area of consolidation that had been in place for the previous three weeks. Although we cannot rule out further southward market operation in the early part of this week, the prevailing technical structure is sideways.

Attached Image (click to enlarge)

On Friday, the USDJPY price action on the daily time frame went sideways after a bearish rejection of the 160.150 resistance on Thursday. The price action had printed a relatively long bearish candlestick on Thursday. Presently, the price action is tackling the 157.00 intra-day horizontal support. We cannot rule out further northward price action in the early part of this week. But the prevailing technical structure is sideways.

Attached Image (click to enlarge)

I may be wrong. Trade safe and prosper.

KP

EURUSD Weekly Technical Outlook

In April, the EURUSD market operation on the monthly time frame printed a bullish candlestick to retest the 1.17810 horizontal resistance. But the prevailing technical market structure is sideways.

Attached Image (click to enlarge)

The EURUSD market operation on the weekly time frame is sideways. It is presently operating at the 78.6 fib-retracement area of the bearish swing traceable to May 2021. This is just below the 1.17810 horizontal resistance, which has been retested in the last three weeks.

Attached Image (click to enlarge)

The EURUSD price action on the daily time frame went sideways on Friday after a bearish rejection of the 1.17810 horizontal resistance. It is presently located at the 1.17170 intra-day horizontal support. Nevertheless, we cannot rule out a northward retest of the 1.17810 longer-time horizontal resistance this week before a southward turnaround.



I may be wrong. Trade safe and prosper.

KP

GBPUSD Weekly Technical Outlook

The GBPUSD market operation on the monthly time frame printed a moderate-sized bullish candlestick in April to retest the 1.35870 horizontal resistance. The area is above the 78.6 fib-retracement of the bearish swing traceable to May 2021. But the prevailing technical structure is sideways.

Attached Image (click to enlarge)

The GBPUSD market operation on the weekly time frame retested the 1.35670 horizontal resistance area last week before turning sideways after a bearish pushback to just a few pips above the 78.6 fib-retracement of the bearish swing traceable to May 2021. Nevertheless, we cannot rule out further northward market operation this week before a bearish correction.

Attached Image (click to enlarge)

The GBPUSD price action on the daily time frame went sideways on Friday after a bearish pushback from the 1.35870 horizontal resistance. It is presently located at the 1.35630 intra-day horizontal support. Nevertheless, we may still see further northward price engineering before further southward correction. The dominant technical structure is sideways.

Attached Image (click to enlarge)

I may be wrong. Trade safe and prosper.

KP

Looks bearish on my end... Still waiting for confirmation

XAUUSD Weekly Technical Outlook

The XAUUSD market operation on the weekly time frame is sideways at the 4714.62 horizontal resistance area. Last week the market operation printed an indecision candlestick in the area after the one printed in the area two weeks ago. The area is within the 38.2/50 -fib retracement zone of the bearish swing traceable to March 2026.

Attached Image (click to enlarge)

The XAUUSD price action on the daily time frame is sideways at the 4714.62 horizontal resistance. The area is within the 38.2/50 -fib retracement zone of the bearish swing traceable to March 2026. Technically we may still see further northward price engineering to retest an intra-day area of interest before a bearish correction.

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The XAUUSD price action on the H4 time frame is sideways at the 4714.62 intra-day horizontal support. Recent technical prints show that the price action is tackling the 4759.00 horizontal resistance, which aligns with the 50 -fib retracement of the bearish swing traceable to March 2026. We may still see further northward price engineering in the early part of this week before a southward correction.

Attached Image (click to enlarge)

I may be wrong. Trade safe and prosper.

KP

USDJPY Weekly Technical Outlook

Last week, the USDJPY market operation on the weekly time frame went sideways at the 156.650 horizontal support after a bearish retest. Technically, there is a lack of directional momentum, and we may still see a bullish correction.

Attached Image (click to enlarge)

The USDJPY price action on the daily time frame is sideways at the 156.650 intra-day horizontal support. Nevertheless, recent technical prints support a price engineering to retest an intra-day area of value, such as a northward market imbalance.

Attached Image (click to enlarge)

The USDJPY price action on the H4 time frame is sideways at the 156.650 intra-day horizontal support. Nevertheless, recent technical prints support a price engineering to retest an intra-day area of value, such as a northward market imbalance.

Attached Image (click to enlarge)

I may be wrong. Trade safe and prosper.

KP

EURUSD Weekly Technical Outlook

The EURUSD market operation on the weekly time frame printed a relatively small bullish candlestick last week. The candlestick has a prominent tail, which favours further northward market operation. Bu, presently, the market operation is located at the 1.17610 horizontal resistance area.

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The EURUSD price action on the daily time frame broke out of an intra-day area of consolidation on Friday to retest the 1.17610 horizontal resistance. Although we may still see further northward price action, the technical structure is bearish.

Attached Image (click to enlarge)

The EURUSD price action on the H4 time frame is consolidating at the 1.17610 horizontal resistance. Nevertheless we may still see further northward price action in the early part of this week before a southward turnaround.

Attached Image (click to enlarge)

I may be wrong. Trade safe and prosper.

KP

GBPUSD Weekly Technical Outlook

The GBPUSD market operation on the weekly time frame is sideways at the 1.36260 horizontal resistance area. Last week, the market printed a long-tailed indecision candlestick in the area after a bullish retest.

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The GBPUSD price action on the daily time frame made a bullish retest of the 1.36260 horizontal resistance on Friday. The price action broke out from the 1.35870 longer-term horizontal resistance. Although we may still see further northward price engineering in the early part of this week, the dominant technical structure is bearish.

Attached Image (click to enlarge)

The GBPUSD price action on the H4 time frame is sideways at the 1.36260 horizontal resistance. Nevertheless, we may still see further northward price action before a southward turnaround. The dominant technical structure is bearish.

Attached Image (click to enlarge)

I may be wrong. Trade safe and prosper.

KP

XAUUSD Weekly Technical Outlook

The XAUUSD market operation on the weekly time frame is sideways. Last week, the market operation printed a relatively small bearish candlestick contrary to the relatively small bullish print of two weeks ago. The market operation retested the 4547.07 horizontal support area. The area is proximal to the 38.2 fib-retracement of the bearish swing traceable to March 1, 2026.

Attached Image (click to enlarge)

The XAUUSD price action on the daily time frame retested the 4547.07 intra-day horizontal support on Friday after a bullish corrective move. Recent technical prints favor further southward price engineering.

Attached Image (click to enlarge)

The XAUUSD price action on the H4 time frame is sideways at the 4547.07 intra-day horizontal support. The area is proximal to the 38.2 fib-retracement of the bearish swing traceable to March 1, 2026. Although we may still see a short-term bullish pullback, recent technical prints favor further southward price engineering.

Attached Image (click to enlarge)

I may be wrong. Trade safe and prosper.

KP

USDJPY Weekly Technical Outlook

The USDJPY market operation on the weekly time frame printed a relatively modest-size bullish candlestick last week. However, technically, the market is still in consolidation as the bearish candlestick printed three weeks ago is more prominent than the bullish print of last week, and with the candlestick printed two weeks ago being doji-like. Presently, the market operation is tackling the 158.740 short-term horizontal resistance area.

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The USDJPY price action on the daily time frame is in a bullish mode. Presently, the price action is tackling the 158.740 intra-day horizontal resistance. But we cannot rule out further northward price engineering in the early part of this week.

Attached Image (click to enlarge)

The USDJPY price action on the H4 time frame is tackling the 61.8-fib retracement of the bearish swing traceable to April 26, 2026. Technically, we may still see further northward price action in the early part of this week before a southward rotation.

Attached Image (click to enlarge)

I may be wrong. Trade safe and prosper.

KP