James Stanley

Senior Strategist at FOREX.com

price action, macro - opinions my own Sr. Strategist, https://t.co/lQguYxyk2Y no advice or recos, I do not DM

Articles

Euro Technical Forecast: EUR/USD v/s 1.1500 Key Resista

1 week ago | forex.com | James Stanley

EUR/USD was up by 4.74% in the month of April which is its strongest monthly rally since November of 2022, when the ECB was ramping up rate hikes to address inflation. This time the ECB isn’t looking to hike rates and markets are expecting the bank to cut, which highlights that the move seems to be more of a referendum on the U.S. Dollar as the focus has heavily shifted to tariffs. For this week, the focus is the Fed with the Wednesday rate decision.
USD/JPY Breaks Out After BoJ, USD, EUR/USD Primed Ahead

2 weeks ago | forex.com | James Stanley

It’s been a sizable reaction of Yen-weakness after the Bank of Japan meeting yesterday and that’s led to a breakout above the 145.00 level in USD/JPY, and a massive extension in the rally in GBP/JPY following the 190.00 support test. For tomorrow the USD and EUR/USD are in the spotlight with Non-farm Payrolls and Eurozone CPI. I look in to each of these pairs in every weekly webinar and you’re welcome to join live. Click here for registration information.
Euro Technical Analysis: EUR/USD Pullback into EZ CPI,

2 weeks ago | forex.com | James Stanley

EUR/USD is starting May with a pullback after a really strong showing in March and April. As looked at in the USD yesterday, the bulk of that strength was relegated to the first 11 days of last month, with the past few weeks showing stall at a big spot on the chart for both DXY and EUR/USD. Tomorrow is a big day with Eurozone CPI released ahead of Non-farm Payrolls, and then next week brings the FOMC with a rate decision.
USD Monthly Bar Highlights Bearish Control but Pullback

2 weeks ago | forex.com | James Stanley

April is closing as another red month for the USD but context is important here, as the bulk of losses were relegated to the first 11 days of the month. Shorter-term, there’s a few different items that point to pullback potential such as an oversold RSI reading on the weekly chart and a inverse head and shoulders pattern on the four-hour chart, both looked at in the video below.
Canadian Dollar Forecast: USD/CAD Threatens Larger Brea

2 weeks ago | forex.com | James Stanley

USD/CAD sank quickly along with the US Dollar in early-April, but for the past three weeks has largely held around a key support level of 1.3846. The bigger picture range remains of interest in the pair, but the big question now is whether sellers can re-take control after a few weeks of stalling. USD/CAD has been a touch weaker than the USD (via DXY) over this period so the pair could remain as an attractive venue for USD-weakness scenarios.
U.S. Dollar Price Action Setups: EUR/USD, USD/JPY, USD/

2 weeks ago | forex.com | James Stanley

The next week is loaded with USD items as tomorrow brings Core PCE and Friday NFP, with the FOMC rate decision on the calendar for the following Wednesday. It’s been a very bearish start to the year for the Greenback and the monthly chart shows this well, with a big spot of support coming into play to hold the lows last week. The U.S. Dollar came into 2025 riding a strong bearish trend, but the currency topped two weeks into the New Year and the sell-off has continued ever since.
JPY Technical Analysis into BoJ: USD/JPY, EUR/JPY, GBP/

2 weeks ago | forex.com | James Stanley

USD/JPY has snapped back after finding resistance at 144.00 last Friday. EUR/JPY has similarly snapped back from a resistance test at a bearish trendline looked at last week. The big driver for the Yen this week is the Wednesday night/Thursday morning BoJ rate decision. Given the uncertainty around tariffs I think the traditionally conservative BoJ will stand pat, but it’s a quarterly meeting meaning updated projections.
Euro Technical Analysis: EUR/USD Weekly Shooting Star a

2 weeks ago | forex.com | James Stanley

EUR/USD remains elevated and the weekly chart remains in overbought territory, and that’s the first such test via RSI since the summer of 2020. While that resistance is clear, bears have had an open door to prod a pullback for a few weeks now and haven’t yet been able to. The big question now is whether the USD can force a larger pullback, which can drive a similar mirror image theme in EUR/USD.
Japanese Yen Technical Analysis: USD/JPY 140, EUR/JPY, GBP/JPY

3 weeks ago | forex.com | James Stanley

USD/JPY tested the 140.00 level briefly earlier this week, and that was the same price that helped to set the low last year. The bounce from that test is still ongoing, and for bears it’s the 145.00 level that stands out as a point of interest for lower-high resistance as taken from prior support.
EUR/USD Rally Stalls After Test at 1.1500 Key Resistance

3 weeks ago | forex.com | James Stanley

EUR/USD has had a strong 2025, so far, with the pair testing below 1.0200 in January and above 1.1500 earlier this week. EUR/USD is now overbought on the weekly chart and this is the first such instance since the summer of 2020. This doesn’t spell automatic reversal, but it does make the prospect of chasing the trend higher as at least a bit more daunting. Coming into the year parity calls were widespread as EUR/USD was selling off with a full head of steam.