Insights from the Market Desk by FenzoFx.com

[FxNews]

GBP/JPY Tests 196.4




FenzoFx—GBP/JPY is testing the 196.4 monthly high, a fragile resistance after four previous attempts. On Friday, bulls pushed higher with a long-wick candlestick, but the Stochastic Oscillator signals an overbought market.

The bullish trend remains intact if GBP/JPY holds above 193.8 support. A breakout above 196.4 may target 198.3, while closing below support could shift momentum downward.

[FxNews]

Oil Price Rally Stalls at $77.72, Just Below 2025 High—Will a Pullback Follow?





FenzoFx—Oil prices resumed their bullish trend, accelerating after geopolitical tensions in the Middle East. The rally paused at $77.72, just below the 2025 high. RSI 14 indicates an overbought market, while volume accumulation at $73.7 suggests possible sell orders. A consolidation phase is likely before further gains.

If oil pulls back, key demand zones at $64.00 and $66.00 offer bullish opportunities, with a potential move toward the 2025 high at $80.59.

[FxNews]

LTC/USD Oversold—Is a Rebound Coming?




FenzoFx—Litecoin swept liquidity below the previous week's low, aligning with the monthly low at $81.01, a strong support zone. LTC trades near $83.70 with weak bullish sentiment. Stochastic at 11.00 signals an oversold market, suggesting potential consolidation or a rebound.

A bullish wave may emerge if LTC holds above $81.01, targeting $91.92. Closing below this level invalidates the bullish outlook.

[FxNews]

Ethereum's Monthly High Rejection: Is a Bearish Wave Coming?





FenzoFx—Ethereum tested and swept the monthly highs at $2,813 but failed to sustain its bullish momentum. The 1-hour chart formed a bearish fair value gap, signaling increasing selling pressure.


Currently, Ethereum trades slightly below the monthly high at approximately $2,806, with immediate resistance at $2,813. If this level holds, ETH/USD could target the 50.0% retracement zone near $2,640.

[FxNews]

BCH/USD Consolidates Eying $461.9




FenzoFx—BCH (Bitcoin Cash) paused its uptrend near $448.1, a low-volume zone, suggesting the rally may resume after consolidation.

Technical indicators show overbought conditions, increasing the likelihood of a short-term dip. BCH/USD may consolidate near $430.0 before aiming for the next target at $461.0.

[FxNews]

Ethereum Near Monthly High





FenzoFx—Ethereum trades near $2,790, aligning with its monthly high and the 50.0% retracement level. A wide Fair Value Gap could act as a price magnet, while bearish candlestick wicks signal selling pressure.

Stochastic at 79 nears overbought territory, suggesting a potential bearish wave if $2,790 resistance holds. A drop below $2,100 could align with the Fair Value Gap.

The bearish outlook is invalidated if ETH closes above $2,790.

[FxNews]

Institutional Moves Signal Liquidity Shift in GBP/JPY




FenzoFx—GBP/JPY tested the 196.4 resistance for the third time since May, with no liquidity sweep above this level, indicating massive liquidity remains.

GBP/JPY approaches 194.6 support with a full-body bearish candlestick, suggesting institutional selling pressure. The COT report shows non-commercial traders reducing long positions, with a net change of -12,863 contracts.

Despite the dip, GBP/JPY remains bullish, and 194.6 could offer a discount entry. Traders should monitor M5 and M15 for long entries. A breakout above 196.4 could target 198.25.

[FxNews]

Litecoin Hits Key Resistance




FenzoFx—Litecoin took buy-side liquidity at the $91.02 resistance, aligning with monthly highs. A bearish FVG emerged, signaling selling pressure in Tokyo's session.

LTC/USD trades around $90.53, with technical indicators showing overbought conditions. The Stochastic Oscillator at 81.0 suggests a potential bearish wave.

A bearish trend may form if LTC stabilizes below $91.02, targeting $86.77. However, if Litecoin breaks above this level with a bullish engulfing candlestick, the bearish outlook is invalidated.

[FxNews]

ICT Strategy Signals Bearish Outlook for LTC





FenzoFx—Litecoin consolidates near 87.1 after Saturday’s price action, down 0.09% today. ICT analysis places LTC in the premium pricing area, favoring short positions.

Immediate resistance at 89.36 remains untested, while support lies at 86.61. Traders should wait for LTC to test resistance and watch for bearish signals like candlestick patterns and an inverted Fair Value Gap (FVG). If resistance holds, LTC could break below support, aiming for 85.17.

The bearish outlook remains valid as long as 91.02 holds as resistance.

[FxNews]

Ethereum's Downtrend Pauses—Reversal or Further Drop?





FenzoFx—ETH/USD currently trades around $2,480, ranging between $2,336.0 support and $2,797.0 resistance. Given the recent break of structure, the bearish trend may resume, targeting $2,336 as the next liquidity trap.

This level may offer a discounted entry for long positions. Traders should watch for bullish signals like candlestick patterns and fair value gaps on lower timeframes (M5, M15) during the NY session.