2025-6-21 USD/JPY, Gold, and S&P 500
【USDJPY】
The image above overlays 『Starting from the World’s Smallest: Next-Generation ZigZag』 and 『Trendline Pro 2』.
The basic strategy for USD/JPY next week is to pull back and buy the dip.
Monthly, weekly, and daily charts had formed a triangular consolidation in succession, but the daily triangle broke upward, suggesting a move higher may be tested.
In the near term, it appears to be held by the daily white circle and daily white line, but considering the tendency for trends to break through resistance, I think the upside has a high likelihood of breaking out.
One concern is that there were many instances of breaking the lower line of the triangle consolidation, so if this breakout lacks momentum, it could become a directionless sideways range until the time frame completes its adjustment, ignoring the triangle.
If momentum carries after the breakout, I imagine a development like the one highlighted by the daily white line, but this is a scenario where the monthly downside-feeling triangle (descending triangle) is consciously considered.
Conversely, based on the three attempts at 140 yen, if the downside is solid, there is also a non-zero possibility of a pure yen depreciation direction unfold from there.
Both Japan and the United States are in precarious situations, so we don’t know which way it will turn, but we will simply follow the direction it moves.
【GOLD】
The image above overlays 『Starting from the World’s Smallest: Next-Generation ZigZag and 『Trendline Pro 2.
Gold’s basic strategy is to pull back and buy the dip.
As reiterated, unless the US creates a miracle, gold is expected to continue rising.
It’s good to buy on dips or to plan a dollar-cost averaging approach.
From a chart perspective, it’s in an uptrend and recently has been testing the downside.
There is a high likelihood of immediate buying pushing it higher, but if it breaks below the recent four-candle low, it would be prudent to carefully time the dip-buying entry.
Because the recent rise has been rapid and price action hasn’t caught up with the moving average, if the daily trendline or the horizontal white line breaks downward, a sideways, range-bound phase of time consolidation is expected.
【S&P 500】
UpThe image above overlays 『Starting from the World’s Smallest: Next-Generation ZigZag and 『Trendline Pro 2.
I look at the S&P 500 on a long-term basis rather than weekly.
In the current environment, a rebound via the monthly white circle and trendline indicates an upward trend with a temporary pullback, and it is recovering.
Even looking at the moving averages, the upward momentum has not faded.
Unless a long period of stagnation occurs here, I feel it will move toward new highs.
In the near term, a possible scenario is to test lower levels after a breakdown of the four-hour white circle, but this is likely to be a temporary correction.
For a substantial downward test to occur, unless a shock happens, I believe it would require months of time-based adjustment.
＊Bear in mind that preconceived notions can be harmful; please treat this as one possible scenario and use it mainly as a reference.
ーーーーーーーーーーーーーーーーーーーー
If you thought this article was good, I would be happy if you click the below『 Read more』 button; there is no continuation. Consider it a like.
ーーーーーーーーーーーーーーーーーーーー
