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The Business Times

Lim Jun Kit

After months of sideways action, USD/JPY has finally taken a step out of its technical formation.

USD/JPY at a crossroads: Breakout signals bulls eyeing higher targets

A worker polishing a silver ring during jewellery production for the brand 886 by the Royal Mint in Pontyclun, Wales. With gold in a consolidation phase, silver and other precious metals such as platinum and palladium may continue to take the lead, especially if the key support levels hold firm.
CHARTPOINT

Silver shines bright amid gold pauses

As of May 8, the US dollar appeared to be approaching a critical inflection point.
CHARTPOINT

US dollar at a crossroads

A selection of one kilogram gold bars at Conclude Zrt bullion dealer arranged in Budapest, Hungary, on Monday, Feb. 17, 2025. Gold advanced, following its biggest one-day decline in two months, on nervousness over President Donald Trump’s latest trade threats. Photographer: Akos Stiller/Bloomberg

Gold’s relentless rally continues as technicals point to further upside

Gold’s upward momentum remains firmly intact, supported by strong bullish technical signals. Traders should closely monitor the US$2,724 resistance level.

Gold expected to continue bullish trend

With historical resistance levels in sight and a clear long-term uptrend in place, the USDCAD pair could offer compelling opportunities for traders who align their strategies with the broader market direction.

Technical indicators point to further upside for USDCAD

As long as USD/JPY remains above the critical support at 151.7, the bullish outlook for 2024 remains intact, with further gains likely in the coming months.

USDJPY eyes 38-year high as bullish trend resumes

The EUR/USD pair has shown resilience, gradually recovering and forming higher lows. The recent breakout above the upper trendline of the triangle near the 1.10 level indicates a bullish bias.

EUR/USD expected to see continued upward momentum

FILE PHOTO: Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration/File Photo

USDJPY expected to see continued bullish momentum

Analysing gold prices on the monthly chart reveals the completion of another long-term bullish pattern - a cup and handle -  that began in September 2011.

Sustained bullish momentum seen for gold

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MDDI (P) 046/10/2024. Published by SPH Media Limited, Co. Regn. No. 202120748H. Copyright © 2025 SPH Media Limited. All rights reserved.

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