Daily Market Update: USDJPY & ETHUSD – Apr 10th, 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 150.90 – 151.30 Resistance Area

Comments: Price formed a Giant Bullish Fakeout + Long Tailed Pin Bar Setup overnight (We are not considering trading this setup). 

Potential Trade Signal: We are looking to sell on a deeper retracement higher and after a price action sell signal, at or around the 150.90 – 151.30 short-term resistance area. 

To Trade This Market With Our Preferred Broker, CLICK HERE


ETHUSD – Ethereum: Selling On Retracement Higher & After Price Action Signal At Or Within The $1953 – $2101 Resistance Area

Comments: Price formed a Bullish Fakeout Setup overnight (We are not considering trading this setup). 

Price moved lower from the recent Multiple Inside Bar Pattern that had formed late last week (We suggested selling on a breakdown of this pattern in the recent members daily live stream). 

Potential Trade Signal: We are looking to sell on a deeper retracement higher and after a price action sell signal, at or within the $1953 – $2101 short-term resistance 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.