At VFT Hub, today’s forex market analysis session centered on major currency pairs, gold, and the yen basket, with traders walking away with clear trading strategies and levels to monitor.
We began with a deep dive into EURUSD, GBPUSD, and DXY, where the team identified critical support and resistance levels across multiple timeframes. For EUR/USD, our outlook leaned bearish with a target around 1.1523, while GBP/USD showed potential buy opportunities at a left-shoulder pattern near 3.40. XY and PIN EUR/USD also presented box and shoulder setups worth watching for continuation.
Moving into the yen basket, we noted that while its sell-off was less aggressive than EUR/USD, price had retraced back to the 38.2% Fibonacci level. Traders were advised to wait for a clear breakdown of structure before taking positions, particularly on EURJPY, where a 1-hour timeframe breakdown will confirm the next wave of selling opportunities. For GBPJPY, we recommended patience — waiting for discount entries below the 50% retracement before considering buy setups.
Gold trading also took center stage. After its strong bullish rally, gold is currently consolidating. We highlighted the potential for short-term sells into a marked zone before resuming the broader bullish trend. Both buy and sell opportunities exist depending on intraday structure, but as always, risk management with at least a 1:2 reward-to-risk ratio remains a priority.
The session closed with a discussion on JPY trading strategies involving GBP and EUR pairs, and a reminder of the importance of discipline waiting for solid confirmations instead of chasing impulsive setups.
- Monitor EURJPY resistance for sell opportunities (1:2 RR).
- Watch EURJPY M1 and H1 structures for breakdown confirmation.
- Look for discount buys on GBP/JPY below the 50% Fibonacci level.
- Track gold consolidation for a potential sell before bullish continuation.
- Join us again at 2 PM New York session for updates and revised biases.
As part of our forex education initiative, we also reminded traders about the ongoing FX Bootcamp Training, where we continue to break down live market setups, technical strategies, and risk management approaches. Interested participants can send a DM to secure a spot in the next edition.