USD/JPY trades at 159.359 after gaining 41 pips from Monday's open, with Tokyo inflation data and US GDP the key tests ahead.
ETHUSD opened Monday at 2127.13 and closed Friday at 2062.61, shedding 64.52 points or 3% for the week. Friday's sharp selloff drove price to a low of 2053.93 before a modest recovery into the close.
The upcoming five sessions feature no scheduled high-impact events for ETHUSD. This leaves price action dependent on broader crypto market sentiment and any unexpected headline developments.
Without specific catalysts on the calendar, traders will focus on whether Friday's support at 2053.93 holds and if buyers step in to defend the psychological 2000 level below. The quiet calendar could mean range-bound conditions or continuation of Friday's momentum.
If ETHUSD holds above Friday's low at 2053.93 early in the week, a recovery toward the 2100-2130 resistance zone becomes possible. This range contained most of last week's price action before Friday's drop.
If sellers push through 2053.93, the round 2000 level becomes the obvious target. A weekly close below 2000 would mark the first time since early April, potentially triggering further technical selling.
LHFX client sentiment shows 61.3% of positions are long versus 38.7% short as of Monday morning. This bullish skew suggests retail traders are viewing Friday's dip as a buying opportunity rather than the start of a larger correction.
The immediate support at 2053.93 from Friday's low is the key level as the week opens. Above, the 2100 round number and last week's high at 2154.54 serve as resistance reference points. These are observation levels for gauging market direction, not entry signals.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa. LHFX does not accept US persons.
EUR/USD sits at 1.16379 after grinding sideways for three days, with positioning nearly balanced at 51.6% long.
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ONYO LA HATARI
Biashara ya margin katika sarafu za kigeni, mali za kidijitali au bidhaa nyingine za nje ya soko kwa margin inabeba kiwango cha juu cha hatari na inaweza kutoendana na kila mtu. Tunakushauri uzingatie kwa makini kama biashara inakufaa kwa kuzingatia hali yako binafsi.
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