Daily Market Update: USDJPY & BTCUSD – May 29th, 2025

NOTE: This market newsletter is based on analysis conducted using the daily chart timeframe. Each market discussed is accompanied by a corresponding price chart for clarity and reference.

USDJPY: Selling On Retracement Higher & After Price Action Signal At Or Around 148.15 – 148.65 Resistance Area

Comments: Price moved slightly higher from the recent Bullish Tailed Bar Signal that had formed earlier this week (We did not consider trading this signal, nor did we mention it). 

Potential Trade Signal: We are looking to sell on a deeper retracement higher and after a price action sell signal, at or around the 148.15 – 148.65 short-term resistance area. 

To Trade This Market With Our Preferred Broker, CLICK HERE


BTCUSD – BITCOIN: Buying On Retracement Lower & After Price Action Signal At Or Above $100575 – $101974 support area. 

Comments: Price moved briefly higher from the recent Bullish Multiple Inside Bar Breakout that had triggered on Sunday, May 18th (We did not consider trading this breakout, nor did we mention it). 

Potential Trade Signal: We are looking to buy on a retracement lower and after a price action buy signal, at or just above the $100575 – $101974 short-term support area. 

To Trade This Market With Our Preferred Broker, CLICK HERE

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Disclaimer: The risk of loss in trading financial market products, like Cryptocurrencies can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Any content posted here should not be considered financial or Trading advice, this newsletter is just for information purposes and is just the author’s opinion.