EURUSD / DXY - Why wasn't the supply zone valid?

r/ForexMay 19Single source

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·41m ago

Japanese inflation data on the economic and event calendar in Asia, Friday, June 19, 2026

The yen continues to struggle despite the this week: Data from NZ kick off the calendar, May CPI from Japan follows later. Headline and core measures have remained below the BoJ 2% target for four consecutive months. BOJ minutes, April meeting, not this week's, follows. Note, HK and China are on holidays today, which'll thin out interest and liquidity somewhat. US is out Friday too, of course. This article was written by Eamonn Sheridan at investinglive.com.

ForexliveSingle source

·58m ago

EURUSD moves to a new low and digs into swing area target.

On the topside, resistance does not become significant until the 1.1500 level. Until buyers can reclaim that area, the near-term bias remains tilted to the downside. This article was written by Greg Michalowski at investinglive.com.

ForexliveSingle source

·1h ago

The USDJPY is squeezing toward 2024 highs.

The USDJPY is getting squeezed higher, with the pair climbing to a new cycle high of 161.76. While that is the highest level since 2024, it is now closing in on the 2024 high at 161.919. A move above that level would put the pair at its highest level since 1986. The rally is increasingly taking on the characteristics of a short squeeze. Recall that in late April and early May, intervention fears sparked a sharp decline from 160.717 to a low near 155.017, as traders worried Japanese officials would step in aggressively to support the yen. Since then, the pair has steadily recovered, but traders remained cautious about pushing above the 2026 highs given the lingering threat of intervention. That caution disappeared today. The break to new highs has accelerated the upside momentum as short positions are being forced to reassess the long-held belief that Japanese authorities would not tolerate USDJPY trading above 160.00 for an extended period. While the risk of intervention remains and officials could still attempt to push the pair lower, the market is now nearly 200 pips above 160.00. At some point, traders fighting the trend have to decide whether it is worth staying in the trade and not screaming "Uncle". "Basta", "Enough", "Get me OUT". For many shorts, that moment may be arriving quickly. The market is forcing them to ask a simple question: How much longer do you want to fight a trend that keeps making new highs? This article was written by Greg Michalowski at investinglive.com.

ForexliveSingle source

·2h ago

Trump: US is committed to PEACE

Trump on TruthSocial posts: Trumps "reply" to the Supreme Leaders comments are controlled. He seems to also be talking to Isreal to not muck things up. The Supreme leader was a more confrontational and negative, but his audience requires that he remain confrontational.. This article was written by Greg Michalowski at investinglive.com.

ForexliveSingle source

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