Weekly Market Update: USDJPY, BTCUSD & S&P500, June 2nd – 8th, 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 To Within The Range Of Bearish Long Tailed Pin Bar Signal
Comments: Price formed a Bearish Long Tailed Pin Bar Signal just below the 145.94 – 146.51 short-term resistance area, late last week.
Potential Trade Signal: We are looking to sell on a retracement higher to within the 50% range of the current Bearish Long Tailed Pin Bar Signal that had formed late last week.
To Trade This Market With Our Preferred Broker, CLICK HERE
BTCUSD – BITCOIN: Buying On Retracement Lower & After Price Action Signal At Or Above $100605 – $101901 Support Area
Comments: Price formed an Ultra Small Bullish Pin Bar Signal overnight (We are not considering trading this signal).
Potential Trade Signal: We are looking to buy on a retracement lower and after a clear price action buy signal, at or just above the $100605 – $101901 short-term support area.
To Trade This Market With Our Preferred Broker, CLICK HERE
S&P500 – CASH: Buying On Retracement Lower & After Price Action Signal At Or Above 5731 – 5791 Support Area
Comments: Price formed a Bearish Long Tailed Pin Bar Signal late last week (We are not considering trading this signal).
Price moved slightly higher from the recent Bullish Tailed Bar Signal that had formed over a week ago (We did not consider trading this signal, nor did we mention it).
Potential Trade Signal: We are looking to buy on a retracement lower and after a clear price action buy signal, at or just above the 5731 – 5791 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.
