James Stanley

GBP/USD has been stalled at a key Fibonacci level for the past four weeks, but GBP/JPY has been trending decisively over that same period of time.

The weekly USD bar doesn’t look all that strong but the context matters, as USD bulls have so far defended higher-low support from the daily chart.

EUR/USD came into the week with sellers in full control, but soft US data has helped to bring a pullback to the trend.

The US Dollar held just inside of 102 on Monday and then pulled back after CPI tomorrow. Bulls have so far held a higher-low but this puts a lot of emphasis on tomorrow’s economic calendar.

The USD has ripped since the lows on Easter Monday but USD/CAD retains appeal for U.S. Dollar bears, and the 1.4000 resistance level is now back in-play.

Both USD and USD/JPY have started off the week with significant strength and the question now is whether bulls can continue driving reversals amidst a heavy week of data.

USD strength has continued in the aftermath of the FOMC press conference yesterday, and USD/JPY is looking especially strong with a test of fresh highs.

EUR/USD has built a short-term descending triangle and the same support of 1.1275 is in-play again.

The FOMC support that’s become commonplace for stocks since the GFC remains missing as the bank tangles with inflation expectations on the back of uncertain tariffs.

EUR/USD bulls pushed a strong two-month move in March and April, but the question now is whether they can take out the 1.1500 handle.

Gold has finally strung together two consecutive red weeks for the first time in 2025, building an evening star formation along the way. The question now is whether sellers can seize the day.