The meeting focused on the technical analysis of major currency pairs, with VFT presenting detailed charts and predictions for DXY, EURUSD, and GBPUSD, identifying bearish trends and potential buying opportunities. We discussed market trends for gold and the yen basket, predicting specific movements and entry patterns for trades. The conversation ended with discussions on trading strategies for GBPJPY, EURJPY, and USDJPY, emphasizing the importance of monitoring these pairs and setting specific targets and stop losses.
We analyzed DXY, identifying weakening bullish momentum that hints at a potential retracement before resuming its downward structure. For EURUSD, we projected a sell continuation after a minor retrace toward 1.16345, while GBPUSD displayed bearish structure with resistance at 1.33780 a critical zone we plan to monitor closely.
In the gold market, we observed signs of exhaustion after recent bullish pushes, expecting a potential sell opportunity once an entry signature such as an evening star or bearish engulfing pattern forms. For the yen basket, our bias remains bearish, anticipating retracement before a continuation downward.
When reviewing GBPJPY, EURJPY, and USDJPY, we outlined clear setups with defined stop losses and profit targets. GBPJPY remains our key focus due to its strong momentum and cleaner market structure. We emphasized the need for patience waiting for price to align with our premium and discount zones before executing trades, ensuring risk remains controlled and structured.
The team reiterated the importance of combining technical confluence with fundamental awareness, especially with NFP and dollar news releases influencing overall sentiment. Our discussion concluded with reminders to track key levels, remain reactive to price, and prioritize quality setups over quantity.