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FPG USDJPY Market Report February 4, 2025

FPG XAUUSD Market Report February 3, 2025

USD/JPY is currently in a bearish trend after failing to break the resistance at 157.814, pulling back to 154.602. The selling pressure that started in mid-January suggests further downside potential, with key support levels being tested.

The pair remains slightly above the Kumo Cloud, which is acting as a temporary support zone. However, the MACD (12,26,9) shows a value of 1.4800 with a signal at 1.3469, indicating weakening bullish momentum and a potential bearish crossover. Price rejection at 157.814 and the continued downside movement suggest that sellers are taking control. If USD/JPY breaks below the Kumo Cloud, further declines could accelerate, confirming the bearish trend.

Market Observation & Strategy Advice:
1. Key resistance: 157.814 – A break above this level could shift the trend to bullish.
2. Key support: 154.000 – If breached, the next target would be around 151.310.
3. MACD signal: A potential bearish crossover is forming, indicating continued downside pressure.
4. Ichimoku Cloud: The price is still slightly above the cloud; a break below would strengthen bearish momentum.
5. Trading strategy: Watch for confirmation of a bearish continuation below 154.000 before entering short positions. A pullback to 156.000–157.000 could provide better risk-reward for short entries.

Market Performance:
Forex        Last Price   % Change
EUR/USD   1.0326          -0.15%
GBP/USD   1.2430         -0.16%

Today’s Key Economic Calendar:
US: FED Bostic Speech
US: JOLTs Job Openings

Risk Disclaimer: This report is for informational purposes only and does not constitute financial advice. All investments involve risk and past performance is no guarantee of future results. Please consult your financial advisor for personalized investment advice.

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