๐ Technical Analysis & Trade Strategy Summary | Monday, June 2, 2025
๐ฆ Major Currency Pairs
EUR/USD (1.1420)
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Short-Term: Neutralโ|โMid-Long Term: Strong Buy
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โ Strategy: Key level is holding above 1.1400. Buy on dips around 1.1390โ1.1400. Upside targets at 1.1450โ70.
USD/JPY (142.77)
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All Timeframes: Strong Sell
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โ Strategy: Rebounds likely to be capped around 143.30โ50. A break below 142.00 may trigger the next bearish phase.
GBP/USD (1.3539)
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Short-Term: Neutralโ|โDaily: Strong Buy
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โ Strategy: Buy on dips as long as 1.3500 holds. Watching for a breakout above 1.3550โ60.
AUD/USD (0.6485)
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All Timeframes: Strong Buy
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โ Strategy: Uptrend intact. Accumulate on pullbacks to 0.6460โ70. Take profit around 0.6520โ40.
USD/CAD (1.3691)
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All Timeframes: Strong Sell
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โ Strategy: Sell on rebounds. Resistance heavy around 1.3730. Momentum may accelerate if below 1.3650.
๐ฑ Cross Yen & Other Assets
EUR/JPY (163.04) / GBP/JPY (193.30) / AUD/JPY (92.59)
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All Timeframes: Continued Strong Sell
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โ Strategy: Favor selling on rebounds. Downside breakouts possible. Avoid counter-trend trades.
CHF/JPY (174.58) / CAD/JPY (104.29) / NZD/JPY (85.98)
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Short-Term: Bearishโ|โDaily: Signs of Stabilization
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โ Strategy: Continue selling if rebounds remain weak. Secure profits cautiously near support.
XAU/USD (Gold: 3,347.00)
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Short-Term: Selling Pressureโ|โMid-Long Term: Bullish Continuation
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โ Strategy: Support seen around 3,330โ3,340. Add on confirmed bounce. Above 3,360 strengthens trend.
BTC/USD (104,490)
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All Timeframes: Bearish Bias
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โ Strategy: Caution below 103,000. Resistance likely at 104,800โ105,000 on rebounds.
๐ Key Trade Ideas
๐ผ Buy on Dips / Mid-Term Uptrend
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EUR/USD โ Strong bullish continuation
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GBP/USD โ Buy-the-dip structure
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AUD/USD โ Firm uptrend
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XAU/USD โ Daily support intact
๐ฝ Sell on Rebounds / Short-Term Weakness
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USD/JPY โ Strong downward trend
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USD/CAD โ Ongoing rebound selling
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Cross Yen Pairs โ Sell bias on any recovery
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BTC/USD โ Bearish breakout risks persist
