Insights from the Market Desk by FenzoFx.com

[FxNews]

GBP/JPY Trades Lower After Breaching 198.0 Support




FenzoFx—GBP/JPY declined from recent highs, currently trading around 197.3. The break below Friday’s 198.0 low intensified the downtrend, with the pair nearing a key support at 196.9. A temporary rebound toward 198.0 is possible before the downtrend resumes toward 196.0. The bearish outlook is invalidated if GBP/JPY breaks above 198.9.

[FxNews]

LTC Approaches Support Zone with Breakout Potential




FenzoFx—Litecoin dropped 1.92% after approaching the $89.0 resistance. It now trades near $86.4, a zone aligned with a high-volume node and previous daily low.

Support ranges from $85.9 to $83.2. If LTC stays above $83.2, a bullish breakout above $89.0 may follow. A close below $83.2 invalidates this outlook.

[FxNews]

Crude Oil Trades in Range with Bullish Potential




FenzoFx—Crude Oil trades above key support at $64.6, hovering near $66.83. If buyers maintain control, the next upside target is $69.45. However, a bearish breakdown below $62.42 would invalidate this bullish outlook.

[FxNews]

Gold Builds Bullish Momentum After $3,294.0 Rebound




FenzoFx—Gold bounced from $3,294.0, forming a double bottom pattern as XAU/USD consolidates near $3,330.0. Stochastic has exited oversold territory, signaling strengthening bullish momentum.

If $3,294.0 holds as support, the uptrend may continue toward the $3,393.0 target.

[FxNews]

BCH Faces Resistance at $500.0 Amid Bearish Signals




FenzoFx—Bitcoin Cash rose to $500.0, a resistance zone backed by the June 19 high. Stochastic reads 85.0, indicating short-term overpricing.

The 4-hour chart shows a possible double top pattern, suggesting consolidation. If BCH stays below $500.8, it could target $494.8 and, if selling continues, drop to $480.9.

[FxNews]

Bitcoin Climbs Above $107K with Overbought Signals in Play




FenzoFx—Bitcoin closed above the 107,792 resistance after breaking the previous day's high. RSI and Stochastic indicators show overbought conditions, signaling short-term overpricing.

BTC may test the $109,000.00 resistance next, followed by a potential pullback toward $104,618.00, offering a favorable entry point for bulls.

[FxNews]

Overbought LTC Faces Pressure at $85.0 Barrier




FenzoFx—Litecoin is building liquidity near $85.0, a strong resistance backed by volume, with Stochastic at 92.0 indicating short-term overbought conditions.

If LTC dips below $83.86, a bearish wave may follow toward $82.33 and $79.51. Conversely, a close above $87.99 could resume the uptrend toward $88.98.

[FxNews]

Bitcoin Cash Faces Pressure Below Key Resistance Zone




FenzoFx—Bitcoin Cash rose from $437.0 support, now trading near $461.3 and testing resistance backed by volume profile and the 50-period SMA.

If BCH stays below $470.8, bearish momentum may resume, targeting $437.0 and potentially $421.2. A bullish breakout could follow a close above $470.8, aiming for $478.0.

[FxNews]

Bitcoin Rebounds Above $105K After Liquidity Sweep




FenzoFx—Bitcoin swept liquidity below $100,703.0 and rebounded to around $105,400.0, just above the volume profile point of interest.

Immediate resistance lies at $106,135.0. A break above this level could lead to a retest of $107,702.0. However, if resistance holds, BTC may consolidate toward $102,662.0, supported by Stochastic overbought signals.

[FxNews]

Crude Oil Declines After $78.00 Rejection: Eyes on Rebound




FenzoFx—Oil is declining after being rejected from $78.00, heading toward key support at $73.86—an area backed by high volume and demand.

If $73.86 holds, a bullish move toward $78.00 and potentially $82.00 could follow.