📊 Technical Analysis & Trade Strategy Summary – June 6, 2025 (Friday)
🏦 Major Currency Pairs
EUR/USD (1.1420)
- Short-Term: Strong selling pressure
- Daily: Ongoing bullish bias
✅ Strategy: Key support lies between 1.1380–1.1400. Monitor the battle between dip buyers and rebound sellers. A breakout above 1.1450 would reignite bullish momentum.
USD/JPY (144.12)
- Short-Term: Bullish but heavy overhead resistance
- Daily: Caution for bearish pullbacks
✅ Strategy: Resistance seen at 144.50–70. Selling pressure expected near 145.00. A break below 143.50 may open short opportunities.
GBP/USD (1.3546)
- Short-Term: Minor correction, trend remains bullish
✅ Strategy: Support at 1.3500. Watch for take-profit selling around 1.3580–90. Dips remain good buying opportunities.
AUD/USD (0.6494)
- Short-Term: Bearish tone
- Daily: Strong bullish trend
✅ Strategy: Caution below 0.6470, but trend remains intact. Maintain long positions targeting 0.6550.
USD/CAD (1.3682)
- Short-Term: Bullish
- Daily: Bearish bias
✅ Strategy: 1.3700 seen as a strong resistance zone. Break below 1.3650 may trigger deeper downside.
💱 Crosses, Gold, and Bitcoin
EUR/JPY (164.60) / GBP/JPY (195.22)
- All Timeframes: Strong bullish continuation
✅ Strategy: Uptrend remains in place. Buy-on-dip strategy valid. EUR/JPY targets 165.00; GBP/JPY eyes 196.00.
AUD/JPY (93.58) / CAD/JPY (105.34) / CHF/JPY (175.47) / NZD/JPY (86.97)
- All Timeframes: Bullish to strong bullish
✅ Strategy: Momentum accelerating. Despite short-term overbought risk, maintain long bias. Focus on well-timed dip entries.
XAU/USD (Gold: 3,362.54)
- Short-Term: Strong bullish
- Daily: Solid uptrend
✅ Strategy: Testing a breakout above 3,370. Buy dips around 3,340–3,350. Maintain upside bias.
BTC/USD (104,010)
- Short- to Mid-Term: Recovering
- Daily: Still heavy
✅ Strategy: Watch to see if 104,000 holds. Topside resistance at 105,500–106,000. Expect continued range-bound action.
🌐 Key Focus – Buy/Sell Outlook
🔼 Buy on Dips / Continuation Bias
- EUR/USD (mid-term)
- GBP/USD (mid-term)
- Cross JPY pairs (EUR/JPY, AUD/JPY, NZD/JPY, etc.)
- XAU/USD (Gold)
- BTC/USD (short-term)
🔽 Sell on Rallies / Short-Term Weakness
- USD/JPY (short-term)
- USD/CAD (mid-term)
- EUR/AUD (sell on rallies)
- USD/NZD (broad-based selling pressure)